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Yahoo! News: Economy News
Updated : Mon, 01 Dec 2008 18:03:01 GMT

US in recession since December 2007: official panel (AFP)

People exit work in the financial district in October 2008 in New York City. The US economy has been in recession since December 2007, a panel of economists charged with the official designation of business cycles said Monday.(AFP/Getty Images/File/Spencer Platt)AFP - The US economy has been in recession since December 2007, a panel of economists charged with the official designation of business cycles said Monday.



Publ.Date : Mon, 01 Dec 2008 17:54:49 GMT

China hopes talks with US boost coordination (AP)

In this May 23, 2000 file photo, Chinese men count money at their fruit stall where California oranges are set for sale at a Beijing fruit wholesale market. The global financial crisis is overshadowing U.S.-Chinese trade tensions as Cabinet ministers from the two sides meet this week for talks on the long-range growth of one of the world's most important economic relationships. Given the unsteady world economy, the two sides are adding the issue of managing risk to the already broad agenda of trade, energy and the environment of their Strategic Economic Dialogue. No grand agreements are expected from the talks Thursday, Dec. 4, and Friday, Dec. 5, 2008, which are designed for rapport-building more than negotiation. (AP Photo/File)AP - The global financial crisis is overshadowing U.S.-Chinese trade tensions as Cabinet ministers from the two sides meet this week for talks on the long-range growth of one of the world's most important economic relationships.



Publ.Date : Mon, 01 Dec 2008 14:27:11 GMT

Bush: `I'm sorry' the economic crisis is occurring (AP)

U.S. President George W. Bush gestures in a conversation with Pastor Rick Warren during the Saddleback Civil Forum on Global Health during World AIDS day in Washington December 1, 2008. REUTERS/Jason Reed (UNITED STATES)AP - President George W. Bush expressed remorse that the global financial crisis has cost jobs and harmed retirement accounts and said he'll back more government intervention if needed to ease the recession.



Publ.Date : Mon, 01 Dec 2008 17:59:19 GMT

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