Stories for December 2008

Monday, December 1st 2008 - 20:00 UTC

Fiscal deficit no longer a “dirty word” for Chilean gov.

Velasco "surpluses are not for ever"

Chile's Finance minister said one month's fiscal deficit is “no problem” and minimized the impact of the strong increase in government expenditure in October as in most of the other nine months.

Monday, December 1st 2008 - 20:00 UTC

It's official: US has been in recession since December 2007

The US National Bureau of Economic Research said Monday that the US has been in a recession since December 2007. The NBER said that the deterioration in the labour market throughout 2008 was one key reason why it decided to state that the recession began last year.

Monday, December 1st 2008 - 20:00 UTC

Obama names Hillary, confirms Gates in the Pentagon

United States President-elect Barack Obama nominated Monday his former rival, Hillary Clinton, as his secretary of state. Mr Obama described the former first lady as a woman of “tremendous stature” who had his “complete confidence”.

Advertisement

Get Email News Reports!

Get our news right on your inbox.
Subscribe Now!

Advertisement