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 r
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. ...
China: Remains officially communist but has implemented market reforms that allow substantial private business. The economy exhibits a mix of socialist planning and capitalist characteristics. Cuba: Agriculture, industry, and services are almost entirely state-run and planned. Private businesses are very ...
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 ...
the U.S. crypto landscape, the Securities and Exchange Commission (SEC) has officially dismissed its major lawsuit against Binance, the world’s largest cryptocurrency exchange, and its founder, Changpeng “CZ” Zhao. This move, confirmed by a joint filing on Thursday, May 29, 2025, marks a...
Then we have various ways of describing what a library service provides, some of which strike me as quite lovely. We have Sarah Jessica Parker calling them “sanctuaries of possibility” (darn it, that’s poetic), and from another far side of the world, “community living rooms” that “...