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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.
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 ...
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Iceland fell into an economic depression in 2008 following the collapse of its banking system (see 2008–2011 Icelandic financial crisis). By mid-2012 Iceland is regarded as one of Europe's recovery success stories largely as a result of a currency devaluation that has effectively reduced wages by 50%--making exports more competitive.
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 ...
century foundation, we won’t be able to compete in a 21st century economy. If we don’t take action, Chicago will face another lost decade.”--Rahm Emanuel, 1 March 2012 $7 bn Trust Project Partners 501(c)3 non-profit status $1.0 bn already committed for public building Energy Retrofit Private & Not-for-Profit Funding Sources:
The pre-collapse satellite photos were taken in May and early June. Before-and-after images of the area downstream from a dam that collapsed Tuesday vividly show the extent of the devastation of a ...
British credit crisis of 1772–1773 – started in London and Amsterdam, begun by the collapse of the bankers Neal, James, Fordyce, and Down. War of American Independence Financing Crisis (1776) (United States) – The French monarchy went deeply into debt to finance its 1.4 billion livre support for the colonial rebels; Spain invested 700 ...