According to the Bureau of Economic Analysis, US gross domestic product - the output of goods and services produced by labor and property located in the United States - accelerated at a pace almost double of what was previously reported. In the latest quarter, GDP stood at 3.3%, upwardly revised from a 1.9% annualized pace. The [...]
ALBANY (AP) ? Only eight months on the job as supervisor of the small town of Ancram, Thomas Dias finds himself faced not with a crisis in government but no government at all.
That’s because three of the town’s five board members abruptly resigned last week, leaving the town with a government unable to hold its [...]
There are plenty of people who will tell you that we are in a recession and several more who will tell you we are headed for some kind of new depression. They may ultimately be proven correct, but so far the economic statistics haven’t cooperated. Most of these people will also tell you that the [...]
The Federal Reserve Board and the Federal Open Market Committee on Tuesday released the minutes of the Committee meeting held on August 5, 2008. Here is an excerpt:
The information reviewed at the August meeting indicated that the economy expanded at a moderate pace in the second quarter, but recent financial market developments highlighted some of the [...]
