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Unions felt that during World War II, the National War Labor Board had unfairly held wages below the level of inflation but done little to rein in corporate profits. The American Federation of Labor (AFL) and the Congress of Industrial Organizations (CIO) as well as independent labor unions were determined to avoid a similar outcome under the new Wage Stabilization Board.
Indeed, debt held by the public, or the amount the U.S. owes to outside lenders after borrowing on financial markets, is already at about 100% of GDP, with that ratio soon expected to blow past ...
The recession of 1958, also known as the Eisenhower Recession, was a sharp worldwide economic downturn in 1958. [1] The effect of the recession spread beyond the United States to Europe and Canada, causing many businesses to shut down. [2] Officially, recessionary circumstances lasted from the middle of 1957 to April 1958. [3]
Americans have been grumpy about the economy for the better part of three years because prices have gone up, and — fairly or unfairly — many consumers have blamed the White House.
In 2023, Moody's Analytics estimated that a protracted breach of the debt ceiling would cause comparable effects to the 2008 economic crisis. It said it could cost the economy more than 7 million ...
If that wasn't the case, capitalists would be defeated by market fluctuations very quickly. Economic exploitation was, therefore, not simply a matter of unfairly short-changing people in market trade, but rooted in the permanently unequal position of employers and employees in production.
American farmers are hoping that aid to agriculture will be revived as Congress struggles to pass a short-term spending bill that would keep the federal government funded and avert a looming ...
Keep the economy strong and growing; Review the state of social programs; Continue spreading democracy around the world; Maintain a strong defense; Reagan discussed the federal deficit, the size of the federal budget, abortion, crime, drugs, the line-item veto, foreign relations and the Soviet–Afghan War.