Economic Crisis, Recession | featured news

What's last thing people want in a recession? More kids, apparently.

In the global descent into recession, Japan continues to lead the way.

Warren Buffett said on Monday the U.S. economy had "fallen off a cliff" but would eventually recover, although a rebound could kindle inflation worse than that experienced in the late 1970s.

Film News: 2009 releases earning big, but why? -- Domestic B.O. for January and February was up 13%. Admissions rose nearly 10%. With a slew of high-profile projects set to open in the next two months, Hollywood hopes to maintain this torrid pace.

Almost every industry and almost every part of country in dire economic condition, report shows.

U.S. private companies hemorrhaged nearly 700,000 jobs in February and the service sector slump deepened as the year-old recession showed little sign of abating, according to data released on Wednesday.

Breaking up is hard to do -- perhaps even more so during a recession.

The U.S. economy suffered its deepest contraction since early 1982 in the fourth quarter, shrinking at a much worse-than-expected 6.2 percent annual rate as exports plunged and consumers slashed spending.

Federal Reserve chairman Ben Bernanke warns Congress that the US recession may last beyond the end of the year.

It was the market’s second day of advances in the face of news showing the economy falling deeper into recession.