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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.
The Rana Plaza collapse (also referred to as the Savar building collapse or the collapse of Rana Plaza) occurred on 24 April 2013, when the eight-storey "Rana Plaza" commercial building collapsed due to a structural failure. The rescue team's search ended on 13 May 2013, with a confirmed death toll of 1,134. [2]
January 18, 2013: First Minnesota Bank 50.2 3 Covenant Bank Chicago Illinois February 15, 2013: Liberty Bank and Trust Company 58.4 4 Frontier Bank LaGrange Georgia March 8, 2013: HeritageBank of the South 258.8 5 Gold Canyon Bank Gold Canyon Arizona April 5, 2013: First Scottsdale Bank, N.A. 45.2 6 First Federal Bank Lexington Kentucky April ...
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Several major U.S. economic variables had recovered from the 2007-2009 Subprime mortgage crisis and Great Recession by the 2013-2014 time period. The recession officially ended in the second quarter of 2009, [3] but the nation's economy continued to be described as in an "economic malaise" during the second quarter of 2011. [80]
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 ...
On March 16, 2008, Bear Stearns agreed to sell itself to JPMorgan Chase for $2 per share. The deal capped a breathtakingly rapid fall from grace of one of the major Wall Street players as the ...