The National Bureau of Economic Research (NBER) validated on Monday that the economic expansion which started in November 2001 had ended, and the U.S. had entered a recession as of December 2007.  This announcement followed evidence of slow retail sales over the Thanksgiving weekend (despite an inc...

Though there were indications of a rescue on Friday November 21st, on the evening of the 23rd, the U.S. Government announced the bailout of financial giant Citigroup. The following Monday morning Barack Obama announced his economic team, appointing Timothy Geithner (the man who contributed to the W...

From CNNMoney: NEW YORK (CNNMoney.com) — Recession talk scared Wall Street Wednesday, sending the Dow Jones industrial average to its second biggest one-day point loss ever. A weak retail sales report and dour forecasts from the Federal Reserve, coupled with sober comments from Fed Chairman Be...