Economy in grip of recession, reports show
WASHINGTON - Anyone looking for a bright spot in the recession might have pointed to a reading Tuesday of the nation's office workers, retailers and other service industries, which contracted at a slower-than-expected pace in December.
Nations:U.S. People:Ben Bernanke Barack Obama Activities:2008 Global Recession Source:(AP)
2009-01-06
Alcoa to cut 13,500 jobs, reduce output
NEW YORK (AFP) - US aluminum giant Alcoa said Tuesday it would slash some 13,500 jobs or 13 percent or its global workforce and reduce output to cope with the global economic downturn.
Nations:Sweden U.S. Russia Source:(AFP)
2009-01-06
The 'McMansion' trend in housing is slowing
Atlanta - Complete with an Oval Office and Lincoln Bedroom, the Atlanta White House became a symbol of developers reshaping the urban landscape by tearing down modest ranches and bungalows and plopping McMansions in their place.
Nations:U.S. Activities:U.S. Real Estate Crisis Source:(Christian Science Monitor)
2009-01-06
Minn. board expected to announce Al Franken winner
MINNEAPOLIS - The state Canvassing Board was poised to certify the results of the recount in Minnesota's grueling Senate election in Al Franken's favor -- but that doesn't mean the race is definitely over.
Nations:U.S. People:Al Franken Norm Coleman Charles Schumer Activities:US Election 2008 Source:(AP)
2009-01-05
Homicides are down in some large US cities
MILWAUKEE - Killings dropped by a third here last year, making Wisconsin's largest city among the nation's most successful in tackling its 2008 murder rate.
Nations:U.S. Source:(AP)
2009-01-03
New laws in 5 states call for fire-safe cigarettes
FORT WORTH, Texas - Laws mandating stores only sell cigarettes that are slow-burning and fire-safe went into effect in five states on New Year's Day.
Nations:U.S. Source:(AP)
2009-01-02
NYC revelers usher in '09 with cheer, optimism
NEW YORK - Despite months of economic gloom, revelers throughout the country welcomed the new year with merrymaking and even optimism, though some festivities fell to hard times and others were subdued.
Nations:U.S. France People:Ryan Seacrest Dick Clark Barack Obama Michael Bloomberg Lionel Richie Hillary Clinton Activities:2009 New Year's Day Rose Parade Source:(AP)
2009-01-01
Economy puts damper on New Year's Eve celebrations
NEW YORK - Americans had no problem saying goodbye to 2008 Wednesday, but the nation's economic troubles made many of them less interested in giving it an expensive send-off. Hundreds of thousands of people were still expected to pack a frigid Times Square, and many other New Year's Eve traditions around the country were in place, but some festivities fell victim to hard times and those that remained felt somewhat subdued.
Nations:U.S. France Australia People:Robbie Knievel John Legend Lindsay Lohan Activities:2009 New Year's Day 2008 Global Recession Global Financial Crisis Rose Parade Source:(AP)
2008-12-31
Unexpected twists make 2008 an epochal year
Washington - Here's the way the world looked last January: Hillary Rodham Clinton was a lock to win the Democratic nomination for president, and probably the election, too. The economy wasn't great, but it wasn't awful, either - many experts thought we'd avoid global recession. Meanwhile, Iraq seemed a lost case five years after the US invasion. And the price of gas? Hoo boy. It had passed $3 a gallon and was galloping upward, no limit in sight.
Nations:Iraq Afghanistan North Korea Pakistan U.S. Russia People:Michael Phelps Hillary Clinton Nicolas Sarkozy Mitt Romney Rudy Giuliani Robert Zoellick Activities:Lehman Brothers Bankruptcy US Election 2008 Madoff Fraud Case 2008 Societe Generale Fraud
2008-12-31
Madoff set to disclose list of holdings
NEW YORK - Investigators may get a clue Wednesday into how much money might be available for victims in the Bernard Madoff scandal.
People:Kevin Bacon Activities:Madoff Fraud Case Source:(AP)
2008-12-30
Liberians mourn 7 killed in Philadelphia fire
PHILADELPHIA - Dozens of Liberian immigrants mourned Saturday at a house where seven members of their community died in a fire that a survivor said started when a kerosene heater spilled fuel and exploded as it was being moved outdoors.
Nations:U.S. Source:(AP)
2008-12-28
3 kids, 4 adults killed by Philadelphia house fire
PHILADELPHIA - A duplex fire apparently caused by fuel spilling from an overfilled kerosene heater killed seven people in a basement that had only one exit, a survivor and firefighters said.
Nations:U.S. Source:(AP)
2008-12-27
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