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US Debt Downgraded Again
The U.S. Federal Reserve initiated more economic stimulus. And the very next day the U.S. Government received another debt downgrade. Did one lead to the other- or is there more to the story? Amid last week’s headlines of Islamic terrorist attacks and domestic bomb threats, the news about another U.S. debt downgrade may have seemed anticlimactic.
GM losing $ on Volt, wants Government out
General Motors Co. sold a record number of Chevrolet Volt sedans in August -- but that probably isn't a good thing for the automaker's bottom line. Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts.
Quantitative Easing 3 (QE3) and its impact
The Federal Reserve on Thursday said it would launch a major new round of bond buying, extending the unconventional actions the central bank has unleashed since the financial crisis to support the precarious economic recovery.
Economists Forecast Subdued Growth in 2012
Forecasters surveyed by The Wall Street Journal expect the economy to grow at such a subdued pace this year that unemployment will barely budge. Asked about the risks to their outlook, 70% of the economists said they think their forecasts are more likely to be too optimistic than too pessimistic.
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