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US Factory Orders Jump, Housing Contracts Slump

Washington (VOA) — Demand for U.S. manufactured goods is up, while sales of existing American homes is down. The latest batch of mixed economic news comes amid word of record-low job satisfaction in the U.S. workforce.

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South Asian Economies Emerge from Global Financial Crisis

South Asian Economies Emerge from Global Financial Crisis
Photo: Flickr / CC BY-SA

New Delhi (VOA) — Most South Asian economies are recovering from the global financial crisis, and starting to register brisk growth. The recovery has been especially swift in India, the region’s biggest and fastest growing economy.

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US Economic Recovery Not as Strong as Previous Estimates

US Economic Recovery Not as Strong as Previous Estimates

Washington (VOA) — New economic data shows the U.S. economy grew more slowly than first thought. The US Commerce Department reports the nation’s gross domestic product (GDP) expanded at a 2.2 percent annual rate from July to September, down from an earlier estimate of 2.8 percent. Despite the downgrade, other indicators suggest a strong showing in the fourth quarter. But some economists say an economic turnaround is not a sure thing.

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High Cost of Housing in US, Unable to Buy or Rent

High Cost of Housing in US, Unable to Buy or Rent

Washington (VOA) — Owning your home was once part of the American dream. But that dream has faded because of the economic recession in the United States. Millions of Americans have been unable to pay the mortgage on their houses and have had to leave them. Without a home of their own, many people are now renting, but this also can be difficult financially.

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Plain Facts: Common Sense

From Plain Facts by G. A. Bauman

Common sense is the only true promoter of mankind and yet how few of our present generation strive to obtain the knowledge.

Our boys and girls may have had their proper beginning at school, in due time successfully passed the usual graduation exercises, and some more may have received a costly course at college, yet those having been deprived of the most important instruction stand before the world as helpless as in their beginning.

To learn to work is the foundation in constructing the knowledge of common sense.

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Plain Facts

Practical Education

Financiering

Common Sense

The several short articles herein contained were first written and published twenty-five years ago as an expression of the writer’s convictions.

Having come to the conclusion that conditions, in many respects, have not improved—in fact have become more alarming; and in consequence the future outlook in these most strenuous and extravagant times more uncertain, the writer was prompted to incorporate these ideals in a booklet and dedicate the same to his younger friends.

G. A. BAUMAN,
Quincy, Illinois.

Global Economic Upturn Seen as 2010 Approaches

Global Economic Upturn Seen as 2010 Approaches

"The U.S. economy and the world economy are now growing again," says U.S. Treasury Secretary Timothy Geithner.

Washington (VOA) — Economists are forecasting a rosier 2010 for global finances than this year has been. But they warn that the economic recovery remains fragile and will not be led by the world’s advanced industrialized nations.

2009 began with a sinking global economy paralyzed by a worldwide credit crunch, stung by a cascading failure of banks and financial institutions, and undermined by panic and pessimism on the part of consumers and investors from Wall Street to Tokyo. Central banks and governments fought back with massive cash injections, financial rescue packages and stimulus programs, but success in containing the crisis was far from assured.

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