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Martin Feldstein: Creating a European depression
European political leaders may be about to agree to a fiscal plan which, if implemented, could push Europe into a major depression. To understand why, it is useful to compare how European countries responded to downturns in demand before and after they adopted the euro. Consider how France, for example, would have responded in the 1990s to a substantial decline in demand for its exports. If there

Unemployment rate hinges on more than job gains
For most people, the 8.3 percent unemployment rate is the most visible sign of the economy's health. The rate's every movement is closely watched, especially in an election year.

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'Cheap power panacea for economic woes'
Five years after running the government in Punjab, deputy chief minister Sukhbir Singh Badal claims to have found a single panacea to end all economic woes of the state.

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More seek unemployment aid, but trend is positive

The number of people seeking unemployment benefits rose last week to a seasonally adjusted 377,000, up from a nearly four-year low the previous week. But the longer-term trend is pointing to a

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Unemployment claims at 352,000, fewest since 2008
The number of people seeking unemployment benefits plummeted last week to 352,000, the fewest since April 2008. The decline added to evidence that the job market is strengthening.

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Pallavi Aiyar: In EU, farm subsidies remain crisis-proof

Europe is beset. Banks are sinking, governments are falling and people are taking to the streets in anger as high unemployment, stagnant growth and ballooning deficits make for a gloomy start to

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