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Economic growth in Chicago is tapering off, according to a new December Chicago Business Barometer report (link opens a PDF) released today by the Institute for Supply Management (ISM). After ...
The debt ceiling issue was one of the causes for the 2013 government shutdown, and a lack of a budget bill over the issue forced the government to sequester its budget. The crisis, as well as the government shutdown, ended on October 17, 2013, with the passing of the Continuing Appropriations Act, 2014.
(The Center Square) – According to a new report, high inflation in the Chicago area is affecting the entire state of Illinois. WalletHub found that the Windy City’s Consumer Price Index ...
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Economic collapse, also called economic meltdown, is any of a broad range of poor economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death ...
Downsizing and plant closures continued into the 1990s and 2000s, and the US Dept of Commerce estimates that today fewer than 25,000 people are employed in the steel industry in the Chicago–Joliet–Naperville, IL–IN–WI Metropolitan Statistical Area (18,000 of whom are actually in Northwest Indiana.
Getty Images/Ikon Images From one perspective, it's clear that the sun is coming out again for the U.S. economy: 2013 was one of the nation's best years in decades. But closer to the ground, there ...
After assessing that a disorderly failure of AIG could worsen the current financial and economic crisis, [38] and at the request of AIG, the Federal Reserve Bank of New York intervened. The Federal Reserve required a 79.9 percent equity stake as a fee for service and to compensate for the risk of the loan to AIG.