One in five people living in the United States speaks a language at home other than English, according to new Census data showing the wide-ranging effects of immigration.
Once again, the city will pause for four moments of silence to mark the attacks that killed more than 2,700 people. Family members will lay flowers where the twin towers fell, and the names of victims will be read.
Current financial turmoil is identical to that seen in earlier stock market crashes, particularly in 1987 and the fallout from the near demise of Long Term Capital Management in 1998, warned former Federal Reserve chairman Alan Greenspan.
Global markets fell sharply following on United States employment data which triggered wider economic prospects. The surprise 4.000 reduction in the US workforce in August sent the main Dow Jones index down 250 points to 13,113.
United States President George Bush was not born to act at the Sydney Opera House. He'd only reached the third sentence of Friday's speech to business leaders, on the sidelines of the Asia-Pacific Economic Cooperation forum, when he committed his first gaffe.
The United States economy is feeling a limited impact from the credit re-pricing and weak housing industry, the Federal Reserve said in its Beige Book report Wednesday. The report suggested the Fed may not be in a rush to aggressively cut interest rates despite skittish financial markets.
While productivity levels have increased worldwide over the past decade, gaps remain wide between the industrialized region and most others, although South Asia, East Asia, and Central & South-Eastern Europe (non-European Union) & CIS have begun to catch up the International Labor Office (ILO) said in a new report published Monday.
The United States Federal Reserve's preferred inflation guide grew less than expected in July, increasing the possibility of a cut in US interest rates next month.
Chairman Ben Bernanke offered no clear signal that the Federal Reserve is poised to cut interest rates in a speech to central bankers on Friday, even as he reaffirmed its commitment to take into account the likely effects of financial market turmoil on the economy.
Ben Bernanke said in a letter to an influential New York Senator that the Federal Reserve is ready to act as needed to help the US economy if the current market turmoil spills over into the broader economy.