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CompareCC News Archive Listing for Economy during 2008-08.
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World factories gearing down but raising prices
 
Reuters - Factories across the developed world and emerging markets are rapidly gearing down production responding to fading demand but are raising prices aggressively, spelling more trouble for the world's central banks.
Americans try to see the bright side of high gas prices
 
AFP - Some Americans are finding that while high oil prices leave them with a slimmer wallet, it could also leave them with slimmer waists as they forsake their cars and take to their bikes, public transportation or feet to get around.
Sen. Levin to Fed: More credit card rules needed
 
AP - The chairman of the Senate's investigations subcommittee said Monday he supports the Federal Reserve's proposed restrictions on credit card practices, but that the rules don't go far enough.
Fed leaves rates alone for second straight meeting
 
AP - For a second straight meeting, the Federal Reserve has decided to remain on the sidelines and leave interest rates alone. In the opinion of many economists, that stance may prevail not only for the rest of this year but well into 2009.
ECB, BoE seen leaving rates unchanged Thursday
 
AP - The European Central Bank and Bank of England will likely leave interest rates unchanged Thursday, as both banks consider how to steer their economies away from mounting inflation and slowing growth.
Productivity growth slowed in spring
 
AP - The efficiency of America's workers grew at a slightly slower pace in the spring as companies sought to produce more with leaner work forces. Workers' compensation growth slowed, too.
Federal Reserve finds deepening credit crisis
 
AP - More banks are tightening lending standards on home mortgages and other consumer and business loans as a deepening credit crisis exerts a heavier toll on the economy.
USDA raises corn harvest estimates, cuts soybeans
 
AP - Farmers are on pace to produce the second largest corn crop and fourth largest soybean crop in history, the government said Tuesday.
Business inventories post 0.7 percent increase
 
AP - Government data show businesses added to their inventories in June at the fastest pace in five months, a bigger gain than had been expected.
Jobless claims fall less than expected
 
AP - The job market showed continued strains on Thursday when government data said the number of newly laid-off workers filing applications for unemployment benefits fell less than expected last week.
Housing starts dip to lowest level since March '91
 
AP - Construction of homes and apartments fell in July to the lowest level in more than 17 years, the government reported Tuesday.
Labor Dept: Fewer workers killed on job in 2007
 
AP - The number of U.S. workers killed on the job has dropped to a historic low.
Mexico GDP grows 2.8 percent in 2nd quarter
 
AP - Mexico's economy expanded 2.8 percent in the second quarter, up slightly over 2.6 percent growth in the first three months of the year.
UK economic growth ground to a halt in Q2
 
AP - British economic growth ground to a halt between April and June, ending more than 15 years of continuous expansion, the government said Friday, as many fear the country is headed for recession.
New-home sales rose slightly in July, prices fell
 
AP - Sales of new homes rose in July, but still fell short of economists' expectations, and home prices continued to sink.
Durable goods post strong increases in July, June
 
AP - Orders for big-ticket manufactured goods turned in a second consecutive strong monthly performance in July, a far bigger-than-expected gain led by a huge jump in demand for commercial aircraft.
Jobless claims fall for 3rd straight week
 
AP - The number of people signing up for jobless benefits declined last week, the third straight drop from a six-year high reached earlier this month, the government said Thursday.

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