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Gas Prices Hit Record $3.20

20 last week, an industry survey showed, threatening to further shake consumer sentiment as the nation hovers on the brink of recession. The price rose 9 cents on Friday from two weeks earlier, according to oil industry analyst Trilby Lundberg's ...
http://www.voiceofarizona.com/Gas_Prices_Hit_Record_320-5225-3-15869.htm

McCain, Obama, Clinton Home in on Economy

And there already is a welter of antirecessionary proposals pending in Congress -- including major bills by Sen ... Many -- if not most -- economists say the country already is in a ...
http://www.voiceofarizona.com/McCain_Obama_Clinton_Home_in_o-5225-5-18929.htm

Fed Lowers Rates for a Second Time in 8 Days, to 3%

Taken together, the fiscal package and the Fed's own rate reductions would amount to a jolt to the economy that would be enough to keep it out a recession ... On Wall Street, where the clamor about a recession remains at a fever pitch, investors ...
http://www.voiceofarizona.com/Fed_Lowers_Rates_for_a_Second_Ti-5225-3-10292.htm

Consumer Spending Jumped 1.1% in November

The better-than-expected surge lessened fears of an imminent recession ... Still, the strong November relieved some concerns that a recession might be ...
http://www.voiceofarizona.com/Consumer_Spending_Jumped_11_in-5225-3-4925.htm

Feeding Panic is a Risk Fed Takes With Bold Moves

The central bank's action was the latest in a series of extraordinary moves - many in just the past few days and weeks - as the Fed seeks to prevent a financial catastrophe that could plunge the country into a deep recession ... "Maybe the ...
http://www.voiceofarizona.com/Feeding_Panic_is_a_Risk_Fed_Take-5225-3-17154.htm

Tokyo to Propose a Central Bank Chief Amid Political Feuds, Still No Clear Choice

The new governor will face an economy predicted to be heading for a sharp downturn and possibly a recession in the first half of this year, in the wake of the U ... ...
http://www.voiceofarizona.com/Tokyo_to_Propose_a_Central_Bank_-5225-3-15535.htm

I'm FED up (Comments)

  When we are debating whether we are in a recession or depression, I think everybody is feeling the pain ...   Maybe the people who lose their job in the recession will do so faster because of their credit card debt, but that outcome not only ...
http://www.voiceofarizona.com/Im_FED_up-5031-3-9082.htm?mult=0#comments

OPEC Expected to Heed Oil Market, Not Bush

With the United States seemingly on the verge of a recession and stock markets falling sharply around the world, the Organization of Petroleum Exporting Countries is not contemplating any increase in production ... Prices rebounded this week ...
http://www.voiceofarizona.com/OPEC_Expected_to_Heed_Oil_Market-5225-3-10416.htm

U.S. Retail Sales Post a Surprising Rebound

But the positive retail number did little to change the view of economists who are forecasting the economy will fall into a recession in the first half of this year ... "Consumer spending is still decelerating quite dramatically," said ...
http://www.voiceofarizona.com/US_Retail_Sales_Post_a_Surpris-5225-3-12392.htm

Fed Cuts Interest Rates

The strong Fed action seemed to convince investors, at least for now, that the central bank will do whatever it can to keep the nation out of a steep recession ... The three rate cuts over the course of two months represent the most aggressive Fed ...
http://www.voiceofarizona.com/Fed_Cuts_Interest_Rates-5225-3-17167.htm

Stocks Fall Sharply After Labor Report

economy, already hampered by an unrelenting credit crisis, is succumbing to recession ... This week's declines in the three major stock indexes to their lowest settlements since 2006 came despite the Federal Reserve's announcement that it would ...
http://www.voiceofarizona.com/Stocks_Fall_Sharply_After_Labor_-5225-3-15730.htm

New-Home Sales Drop 2.8%

A growing number of analysts believe the economy will slip into a recession this quarter although they expect the downturn to be short and mild, thanks to aggressive interest rate cuts from the Federal Reserve and a $168 billion economic stimulus ...
http://www.voiceofarizona.com/NewHome_Sales_Drop_28-5225-3-14415.htm

A Message From McCain’s Dr. Phil. (Comments)

" Gramm also wrote that, "Whining, one of the general symptoms of Recession, can be treated or controlled with alcohol or drugs or even having sex, though for most, due to the another symptom of Recession, the treatment is unaffordable ... ...
http://www.voiceofarizona.com/A_Message_From_McCains_Dr_Phil-5031-2-33034.htm?mu ...

Poll: Iraq Blamed for Economic Woes

The way to get the country out of recession - and most people think we're in one - is to get the country out of Iraq, according to an Associated Press- Ipsos poll. Pulling out of the war ranked first among proposed remedies in the survey, ...
http://www.voiceofarizona.com/Poll_Iraq_Blamed_for_Economic_W-5225-3-11616.htm

Dow Tumbles After 'Inadequate' Quarter-Point Rate Cut From Fed

The quarter-point cut was less than many in the market said was needed to forestall a recession and to head off the worst effects of the continuing crisis in the credit markets ... "By cutting only 25 basis points, the Fed effectively conveys ...
http://www.voiceofarizona.com/Dow_Tumbles_After_Inadequate_Q-5225-3-3877.htm
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