economy is in a recession until it’s well underway, and they’re also unlikely to know right when a downturn officially ends. For instance, officials didn’t officially declare the Great Recession had begun until December 2008 — a year into the downturn. Americans and economists had even ...
The term “Great Recession” applies to both the U.S. recession, officially lasting from December 2007 to June 2009, and the ensuing global recession in 2009. Causes of the Great Recession According to a 2011 report by the Financial Crisis Inquiry Commission, the Great Recession was avoidable....
Fed officials started using the dot plot in 2012 at a time when the economy was still recovering from the Great Recession and when interest rates were still near zero. It was a form of “aggressive forward guidance,” a concept that former Chairman Ben Bernanke created to prepare markets for...
Officially the Republican Party was formed in Ripon, Wisconsin in 1854, but that date more accurately marks a rebranding than a birth. Antebellum Republicans were a coalition formed by anti-slavery members of the recently collapsed Whig Party. Through the Whigs (and the Federalists before them),...
The end of 2022 marks more than a decade since the Oculus Kickstarter sparked the modern era of VR. While the space has undoubtedly grown tremendously since then, 2022 felt largely like a plateau year, with Meta standing unchallenged as the dominant player in the space—while progressing disjoi...
The U.S. economy officially entered arecession in February, the National Bureau of Economic Research announced today. Updated June 8, 2020 According to Johns Hopkins University, the US recorded at least1,942,363 casesof coronavirus and 110,514 related deaths. ...
Lowestoft Library marks 50th anniversary –Suffolk Libraries. “The library is marking the anniversary with a series of activities and events including an exhibition celebrating the history of the town’s library from 1905. On Saturday 10 May the library’s Saturday Fun session for children held a...
With silver in greater abundance relative to gold, abimetallic standardwas adopted in 1792. While the officially adopted silver-to-gold parity ratio of 15:1 accurately reflected the market ratio at the time, after 1793, the value of silver steadily declined, pushing gold out of circulation, acc...
since the recession officially began in December 2007, and in the meantime, the number of people willing to work has been growing. The June report will help determine whether May’s report was a temporary blip or a red flag that ...
Exit activity has been more buoyant, with 254 deals worth €43bn in H1 2012 - though this marks a considerable reduction compared to H1 2011, exits have seen quarterly rises since the final quarter of last year. Nevertheless, the largest private equity exit of the first six months is ...