Reuters – Goldman Sachs Group Inc has informed the Financial Crisis Inquiry Commission (FCIC) that 25 percent to 35 percent of its revenue was derived from the derivatives businesses, the Wall Street Journal said, citing a person familiar with the situation. Read More Goldmans derivatives were 2535 percent of 09 revenue report
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AP – Inflation in the 16 countries that use the euro fell in February, official figures showed Tuesday, in a further sign that price pressures remain subdued in the wake of the recession. Read More Eurozone inflation drops to 09 percent in Feb
AP
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Reuters – U.S. stocks ended 2009 on Thursday with their best gains since 2003, driven by optimism about the economy’s recovery and a brighter outlook for profits.
Read More Wall St closes out 09 with best gains since 2003
Reuters
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AP – A record 20 million-plus people collected unemployment benefits at some point in 2009, a year that ended with the jobless rate at 10 percent.
Read More 20 millionplus collect unemployment checks in 09
AP
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AP – It was a rough year for Ponzi schemes. In 2009, the recession unraveled nearly four times as many of the investment scams as fell apart in 2008, with “Ponzi” becoming a buzzword again thanks to the collapse of Bernard Madoff’s $50 billion plot.
Read More AP Ponzi collapses nearly quadrupled in 09
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Reuters – A combination of the food crisis and the global economic downturn has pushed more than 1 billion people into hunger in 2009, U.N. agencies said on Wednesday, confirming a grim forecast released earlier this year. Read More Worlds hungry reach more than 1 billion in 09 UN
Reuters
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