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2008 Thai political crisis: The People's Alliance for Democracy leaves protesting at the Thai Government House and distributes protesters to Bangkok's two airports, Suvarnabhumi and Don Muang, for security reasons. (Nation Multimedia) Flights to Bangkok are canceled and moved to other parts of the country, such as Phuket, Chiang Mai and Chonburi.
On December 1, the National Bureau of Economic Research officially declared that the U.S. economy had entered recession in December 2007, a full year earlier. [1] (See late 2000s recession) The Labor Department said that the US lost 533,000 jobs in November 2008, the biggest monthly loss since 1974. This raised the unemployment rate from 6.5% ...
The 2008 Zimbabwean cholera outbreak has claimed 425 lives and affected 10,000 people since August 2008. (Telegraph.co.uk) NATO 2008 Brussels summit NATO member countries decide not to offer MAP to Georgia and Ukraine, the war in South Ossetia and the Ukrainian government collapse being the main reasons.(Deutsche Welle)
On December 1, 2008, the National Bureau of Economic Research (NBER) declared that the United States entered a recession in December 2007, citing employment and production figures as well as the third quarter decline in GDP. [45] [46] The Dow Jones Industrial Average lost 679 points that same day. [47]
December 1, 2008: The NBER announced the US was in a recession and had been since December 2007. The Dow tumbled 679.95 points or 7.8% on the news. [165] [89] December 6, 2008: The 2008 Greek riots began, sparked in part by economic conditions in the country. [citation needed] December 16, 2008: The federal funds rate was lowered to zero ...
December – The unemployment rate soars to 7.3%, the highest since December 1932. December 1 – The Dow Jones Industrial Average drops 680 points, its fourth worst drop in its history, after the National Bureau of Economic Research declared on the same day that the United States economy officially entered a recession in December 2007.
December 1 – 2008 Canadian parliamentary dispute: The Liberal Party of Canada and the New Democratic Party sign an agreement to form a coalition government with the support of the Bloc Québécois if they are successful in ousting the Conservative minority government in a confidence vote.
On December 1, 2008, as the result of opposition dissatisfaction with the government's economic update (which failed to include stimulus measures to help the Canadian economy contend with the global crisis and included a 'poison pill' regarding the cessation of public party financing), the leaders of the Liberal Party, New Democratic Party, and ...