Saturday, August 28, 2010

EconomyUSA: 'Stalling'? : As in coming to a halt, and then imploding?

Economy edges closer to stalling, government says

Dabura Karriem, 60, of Bloomfield, N.J., reacts upon hearing there is a job available for exactly what she's looking for as a file clerk at a bank, while attending a career fair in Newark, N.J., Tuesday, Aug. 24, 2010. Karriem's unemployment benefits have expired after being laid off two years ago, the first time she's been unemployed in 38 years.

The government on Friday Aug. 27, 2010 is about to confirm what many people have felt for some time: The economy barely has a pulse. Many analysts say the uncertainty surrounding the economy is holding back consumers from spending and companies from investing and hiring. (AP Photo/David Goldman) (David Goldman - AP)
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The Associated Press
Friday, August 27, 2010; 6:57 PM

-- WASHINGTON - The economy turns out to be weaker than we thought, and the outlook for the rest of the year is now looking dimmer."

That's how Associated Press's Christopher Rugaber begins his bleak report on the state of the American economy. Do click-up the article via Washington Post (WaPo).

-- EconoMix

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