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A collection of news and information related to Personal Income published by Tribune Company sources.
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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: Economic Indicator, Barack Obama, Money and Monetary Policy, Heads of State, Ben Bernanke
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Report questions Iowa tax policies
Associated Press WriterAn Iowa City-based group claims Iowa's tax revenues can't keep up with long-term spending and argues the state should consider changes to raise more money. In a report released Monday, the Iowa Fiscal Partnership predicted Iowa's revenue will remain...Tags: E-Commerce Industry, Iowa City, State Budgets, Population
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U.S. Recession Officially Began In December 2007
The Hartford CourantThe U.S. economic downturn, widely called a recession since late September when the nation's financial system went into crisis, has been officially declared a recession -- which began in December 2007. The declaration was made by the National Bureau of...Tags: Economy
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Manufacturing index drops to 26-year low as exports fall due to global slowdown
AP Economics WriterWASHINGTON (AP) _ A gauge of U.S. manufacturing activity that fell to a 26-year low Monday followed similarly weak readings in Europe and China, fueling fears of a deepening global downturn. The Institute for Supply Management's index of manufacturing...Tags: Wachovia Corp., La-Z-Boy Incorporated, World War II, Machine Manufacturing, J.P. Morgan Chase & Co.
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U.S. recession officially started in December 2007
baltimoresun.comYes, you were right to be worried.For the last year, we've been in a recession --- a reality finally confirmed by economists today. The Associated Press has reported that the U.S. officially entered a recession in December, according to the National... -
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: Barney Frank, National Government, NASA, Major League Baseball, Citigroup Incorporated
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Huge stock markets losses have seniors seeking relief from retirement account withdrawal mandates
South Florida Sun-SentinelThere's rarely been so much fuss and fury over the prosaic subject of seniors taking money out of their retirement accounts. The AARP is trying to convince the federal government to suspend a requirement that people over age 70 1/2 have to take some...Tags: Internal Revenue Service, 401K, Retirement, Personal Finance, State Budgets
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No tax rise seen to avert MTA cuts
A gallon of gas costs less than $2, and Maryland's gasoline tax hasn't been raised for 15 years. But don't look for Howard County's State House delegation to lead the charge in Annapolis for a tax increase to prevent big cuts to commuter transit and...Tags: Montgomery (Montgomery, Alabama), Public Transportation, Consumer Confidence, State Budgets, Edward J Kasemeyer
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This Is What They Call An "Amicable" Settlement?
Some people think the leftovers from Thanksgiving are as good as the original dinner. That may not be true of the following updates on recent editions of Government Watch, but it's a better way to begin today's edition than by just saying, "here's a bunch...Tags: Prisons, Jessie G Stratton, Hartford (Hartford, Connecticut), Tolland (Tolland, Connecticut)
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Short sale of home might help to offset any capital gains
Question: We recently sold our home in a short sale, which was a better decision than foreclosure. We paid $177,000 for the home, and we sold it for $130,000. We actually never had a chance to live in the house, but we did make payments for a year. Can we...Tags: Homes, Internal Revenue Service, Credit Ratings, Insurance, Automotive Equipment
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Legislators At A Loss: Budget Only Gets Harder From Here
We've been warned. The General Assembly provided a preview of what next year will bring when it met Monday to wrestle with the growing state budget deficit. The legislators seemed smaller than the task. This year's deficit, which in recent estimates...Tags: Government Health Care, University of Connecticut Health Center, Prisons, Employees, Kevin Rennie
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Federal Cash Didn't End Depression, Either
Early in what became the Great Depression, John Maynard Keynes was asked if anything similar had ever happened. "Yes," he replied, "it was called the Dark Ages and it lasted 400 years." It did take 25 years, until November 1954, for the Dow to return to...Tags: George Mason, Employees, Wages and Pensions, Barack Obama, Unemployment
Dec 1, 2008
|Story| Hartford Courant
Dec 1, 2008
|Story| Associated Press
Dec 1, 2008
|Story| Hartford Courant
Dec 1, 2008
|Story| Associated Press
Dec 1, 2008
|Blog| baltimoresun.com
Dec 1, 2008
|Story| Orlando Sentinel
Dec 1, 2008
|Story| South Florida Sun-Sentinel
Nov 30, 2008
|Story| Baltimore Sun
Nov 30, 2008
|Column| Hartford Courant
Nov 30, 2008
|Story| Orlando Sentinel
Nov 30, 2008
|Column| Hartford Courant
Nov 30, 2008
|Column| Hartford Courant
