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Arthur: On August 3, 2010 Timothy Geithner wrote an article in the NYT titled “welcome to the recovery.” In this article although Geithner recognized how devastating the economic crisis has been and that it will take a long time until full recovery is...
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Lori: Under Obama the America’s Trouble Asset Relief Program (TARP) will end up costing tax payers less than 1% of GDP. In the past the average cost to resolve such a crisis was around 13% of GDP. Great news right?! Andrea: Well banks have found other...
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Charles: Unemployment has gone from 10.2% to 10% both figures are close to the historical high figure of 10.80 in the winter of 1982. Richard: Yes and unfortunately the average amount of time it takes someone to find employment is now 28.5 weeks; that...
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Anna: I have good news for you, home prices have increased for three consecutive months; I am thrilled! Karla: Unfortunately I am not so hopeful as you are; artificial low interest rates and a government tax credit are luring buyers but the governmental...
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