2012 May 24 |
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recession

The British newspaper the Guardian reports that experts are increasingly fearing the U.S. may be sliding back into a recession.

Shares fell heavily on Wall Street on Wednesday after a gloomy report from US factories and signs of a slowdown in employment growth prompted fears that the recovery in the world’s biggest economy is fading.

With weaker than expected data from Europe and China adding to the downbeat mood, the Dow Jones industrial average lost almost 200 points in morning trading in New York.

The left-wing paper adds:

Despite the additional $600bn pumped into the economy over the past eight months, it grew at an annualised rate of only 1.8% in the first three months of this year, a sharp slowdown from its performance last year.MORE

Shortly after a 38-year old man staged an attack on the Dutch Royal Family on a national holiday called Queen’s Day, our own Joshua Livestro wrote a post about the matter, wondering whether it was an accident or whether the driver meant to kill innocent bystanders and, perhaps, even the royal family itself.

Days later, we know what happened:MORE

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