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A collection of news and information related to Ben Bernanke published by Tribune Company sources.
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Dow sinks nearly 680 after group says US has been in a recession since December 2007
AP Economics WritersWASHINGTON (AP) _ Most Americans sorely knew it already, but now it's official: The country is in a recession, and it's getting worse. Wall Street convulsed at the news — and a fresh batch of bad economic reports — tanking nearly 680 points....Tags: Heads of State, Money and Monetary Policy, Federal Reserve, National Government, Business
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New York Fed launches search for new president as Geithner prepares to step down
AP Economics WriterWASHINGTON (AP) _ Timothy Geithner, President-elect Barack Obama's pick to be Treasury secretary, will soon step down from his current post as president of the Federal Reserve Bank of New York. The New York Fed announced Monday it has created a search...Tags: Heads of State, Federal Reserve, National Government, Financial Markets, George Bush
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Bernanke: lower rates are "feasible" but have limited economic benefit
AP Economics WriterWASHINGTON (AP) _ Federal Reserve Chairman Ben Bernanke said Monday that further interest-rate cuts are "certainly feasible," but he warned there are limits to how much such action would revive an economy likely to stay weak well into next year. The Fed'...Tags: Business Institutions, Money and Monetary Policy, Federal Reserve, Credit and Debt, Investments
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It's official: U.S. is in recession
Associated PressWASHINGTON -- The U.S. economy has been in a recession since December 2007, the National Bureau of Economic Research said Monday. The NBER -- a private, nonprofit research organization -- said its group of academic economists who determine business...Tags: The White House, Federal Reserve, National Government, Financial Markets, George Bush
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Weak economic data drive demand for government debt; Treasury yields plumb fresh lows
AP Business WriterNEW YORK (AP) _ Yields on long-term U.S. government debt sank to record lows Monday as worries about mounting economic problems and a stock market plunge touched off another investor rush to safety. The possibility that the Federal Reserve could enter the...Tags: Candy, Flowers and Gifts, Federal Reserve, Stock Broking, Petroleum Industry, Stock Activities
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National Bureau of Economic Research panel says US recession began in December 2007
AP Economics WriterWASHINGTON (AP) _ It's official. The U.S. economy has been in a recession for the past year. The start of the downturn was announced Monday by the National Bureau of Economic Research. The NBER — a private, nonprofit research organization —...Tags: Massachusetts Institute of Technology, Heads of State, Employment, Money and Monetary Policy, Federal Reserve
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Stocks fall sharply on consumer spending worries
With the long Thanksgiving weekend over, nail biting returned to Wall Street today.
Fresh evidence of a softening global economy, along with profit-taking after last week's big rally, put a decisive end to the stock market's five-day winning streak.
The...Tags: Money and Monetary Policy, Federal Reserve, Black Friday (shopping), Business, Stock Broking
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U.S. Economy Officially In A Recession
Los Angeles TimesIt's official, if not exactly surprising: The U.S. economy is in recession, declining instead of growing stronger - and it has been for almost a year. What's more, the slide may continue well into next year or even beyond, challenging government policy-...Tags: Heads of State, Money and Monetary Policy, Federal Reserve, Henry Paulson, Personal Income
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Bush: Iraq war 'a do-over I can't do'
The Swampby Mark Silva President Bush, who has occasionally lamented that he regrets some of the tough talk he uttered in the war on terror - terms such as "dead or alive'' or "bring 'em on'' - also allows that the......Tags: George Washington, History, Heads of State, 2009 U.S. Presidential Transition, Defense Equipment
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Bailout fiesta will dwarf centuries of monster payouts
TRIBUNE MEDIA SERVICESThe costs of Washington's bailout fiesta are now so huge, you can see them from space. The latest number, which includes the Citigroup rescue, is $7.7 trillion. That's roughly half of America's GDP. In fairness, it's impossible at this point to know the...Tags: Major League Baseball, Wars and Interventions, Federal Reserve, National Government, Personal Income
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John Larson: A Leading Role
After sweeping to re-election in Connecticut's 1st District earlier this month, U.S. Rep. John B. Larson capped that success by being voted chairman of the Democratic caucus — making him the fourth-ranking member of the House. Tuesday, Mr. Larson...Tags: Bushnell Park, Upper House, Chris Murphy, National Government, Joe Courtney
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Meltdown 101: How is it that the Fed can so easily throw money at the financial crisis?
AP Economics WriterWASHINGTON (AP) _ The Bush administration had to strive mightily to win congressional approval of a $700 billion rescue package for the financial system. Now, with no muss and no fuss, the Federal Reserve has announced an even bigger program totaling $800...Tags: Money and Monetary Policy, Federal Reserve, Credit and Debt, National Government, Inflation and Deflation
Dec 1, 2008
|Story| Associated Press
Dec 1, 2008
|Story| Associated Press
Dec 1, 2008
|Story| Associated Press
Dec 1, 2008
|Story| Los Angeles Times
Dec 1, 2008
|Story| Associated Press
Dec 1, 2008
|Story| Associated Press
Dec 1, 2008
|Story| Los Angeles Times
Dec 1, 2008
|Story| Hartford Courant
Dec 1, 2008
|Blog| Chicago Tribune
Dec 1, 2008
|Story| Orlando Sentinel
Nov 30, 2008
|Story| Hartford Courant
Nov 26, 2008
|Story| Associated Press
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