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The U.S. state of California had a budget crisis in which it faced a shortfall of at least $11.2 billion, [1] and projected to top $40 billion over the 2009–2010 fiscal years. [ 2 ] 2008
This addition reflects the assessment of U.S. intelligence agencies that the global financial crisis presents a serious threat to international stability. [150] Business Week stated in March 2009 that global political instability is rising fast because of the global financial crisis and is creating new challenges that need managing. [151]
Subprime mortgage lending jumped dramatically during the 2004–2006 period preceding the crisis (source: Financial Crisis Inquiry Commission Report, p. 70 Figure 5.2). Number of U.S. household properties subject to foreclosure actions by quarter. In the early months of 2008, many observers believed that a U.S. recession had begun.
This article gives the timeline of the Great Recession, which hit many developed economies in the wake of the 2007–2008 financial crisis. Note: The date indicated is that of the official announcement by the department or the public agency in charge of the measurement of the economic activity of the country. Thus, because of possible lags in ...
Controversy mounted after Sacramento State officials found financial “inconsistencies” at CapRadio, continuing with an audit released this week. A timeline of turmoil surrounding Capital ...
The 2008 financial crisis, also known as the global financial crisis, was a major worldwide economic crisis, centered in the United States, which triggered the Great Recession of late 2007 to mid-2009, the most severe downturn since the Wall Street crash of 1929 and Great Depression.
But eventually she wound up on the streets, two weeks before Thanksgiving in 2009. She remained homeless for seven years until she was able to apply for early Social Security at age 62.
The wildfires scorching Southern California are turning entire neighborhoods into ash, decimating expensive properties and exacerbating an insurance crisis that predates the infernal blazes. Costs ...