U.S. to provide $1 billion to hire cops: The money comes from the stimulus bill -- the American Recovery and Reinvestment Act of 2009 -- the officials said. The law is designed to help pull the U.S. out of its recession by providing and saving jobs, and helping those most affected by the downturn in the economy.
Recession Worse Than Prior Estimates, Revisions Show: The first 12 months of the U.S. recession saw the economy shrink more than twice as much as previously estimated, reflecting even bigger declines in consumer spending and housing, revised figures showed.
NAFTA Trade Takes Record 35.4 Percent Dive: Trade using surface transportation between the United States, Canada and Mexico dropped 35.4 percent in May, the largest year-over-year decline on record.In the eighth consecutive month of falling trade, imports from Canada and Mexico to the United States in May were down 38.1 percent from May 2008 while exports from the United States declined 32 percent.
Industrial Capacity Use Hits Record Low: Use of industrial capacity fell to its lowest point ever in May as output of factories, mines and utilities slipped another 1.1 percent from April and fell 13.4 percent below last May’s level.
Posts
