Approximately 96% of all the economists polled believe, that a recession has arrived, and nearly three-fourths further think, it could persist beyond the first quarter of 2009. A basic definition is given for what a recession actually involves.

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Call it an economic and environmental murder mystery in the making: Will a cash-strapped Detroit kill the electric car -- again?

A top U.S. banking regulator unveiled a plan on Friday to prevent about 1.5 million foreclosures, breaking ranks with the Bush administration by demanding bailout funds be diverted from banks to consumers.

A Chapter 11 restructuring bid by one of the three top U.S. automakers is unlikely to succeed due to the damaged economy and frozen credit markets, and may even result in the company folding, billionaire investor Wilbur Ross told Bloomberg

The Treasury Department's efforts to stabilize the financial system may push a number of banks out of business.

European car industry struggling with plummeting sales paying far too much for windshields, windows; consumers, too. Antitrust experts say chronic price-fixing & repeat offenders raise ??s re: European enforcement effectiveness without threat of jail

U.S. labor unions, having helped Barack Obama win the presidency, entertain high hopes he will enact their agenda to bolster their negotiating power with employers and increase their numbers after decades of decline.

The litany of dismal economic news confronting U.S. President-elect Barack Obama will grow on Friday with the government set to report a 10th straight month of job losses

A lawsuit contending that thousands of people in India were exposed to polluted drinking water after the 1984 Union Carbide toxic-gas disaster in Bhopal was reinstated on Monday by a U.S. appeals court,