The US economy's output is now 3.3 percent smaller than its peak in the second quarter of 2008 (measured as an actual decline instead of the annualized rates reflected in the quarterly figures). That's the most severe contraction of GDP since the 3.7 percent peak-to-trough tumble in the first quarter of 1958. |
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At features.csmonitor.com
Margaret Bassett passed away August 21, 2011. She was a treasured member of the Opednews.com editorial team for four years.
Margaret Bassett--OEN editor--is an 89-year old, currently living in senior housing, with a lifelong interest in political philosophy. Bachelors from State University of Iowa (1944) and Masters from Roosevelt University (1975) help to unravel important requirements for modern communication. Early introduction to computer science (1966) trumps them. It's payback time. She's been "entitled" so long she hopes to find some good coming off the keyboard into the lives of those who come after her.