(1)The fed slashed its estimates for US economic growth this year to a
range of 1.9% to 2.4%, down from an April projection
of 2.4% to 2.9%. it cut forecasts for 2013 and 2014, as well. In
addition, officials said they expect the job market
to make slower progress than they did just a couple month ago,
with the unemployement rate now seen hovering at 8% or
higher for the rest of this year. It stood at 8.2% in May.(SOURCE
HINDUSTAN TIMES-friday, June 22, 2012)
(2)The US president race has grown increasing hostile and bitter, with
President Barack Obama releasing an attack ad that
blamed Republican candidate and rival Mitt Romney for shipping
American jobs abroad. The 32-second ad, made public on
Saturday, alleged that Romney, when head of venture capital outfit
Bain Capital, had links to companies that close to
lay off the US-based workers and move those jobs to plants in Mexico
and China instead.(source-
Hindustan Times Monday, July 16, 2012)
(3)How bad is the economic mess in Greece? just ask Dimitris Skidas, a
despairing Athens accountant who is struggling
to keep his clients' finances in some kind of order in a fifth year
of recession. Most of his clients are small
businesses worried about the prospectus for the economy, with many
on the vergy of bankruptcy.(source-
Hindustan Times Monday, June 25, 2012)
range of 1.9% to 2.4%, down from an April projection
of 2.4% to 2.9%. it cut forecasts for 2013 and 2014, as well. In
addition, officials said they expect the job market
to make slower progress than they did just a couple month ago,
with the unemployement rate now seen hovering at 8% or
higher for the rest of this year. It stood at 8.2% in May.(SOURCE
HINDUSTAN TIMES-friday, June 22, 2012)
(2)The US president race has grown increasing hostile and bitter, with
President Barack Obama releasing an attack ad that
blamed Republican candidate and rival Mitt Romney for shipping
American jobs abroad. The 32-second ad, made public on
Saturday, alleged that Romney, when head of venture capital outfit
Bain Capital, had links to companies that close to
lay off the US-based workers and move those jobs to plants in Mexico
and China instead.(source-
Hindustan Times Monday, July 16, 2012)
(3)How bad is the economic mess in Greece? just ask Dimitris Skidas, a
despairing Athens accountant who is struggling
to keep his clients' finances in some kind of order in a fifth year
of recession. Most of his clients are small
businesses worried about the prospectus for the economy, with many
on the vergy of bankruptcy.(source-
Hindustan Times Monday, June 25, 2012)
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