Posts Tagged ‘downturn’

America is Now in the Worst Economic Downturn Since the Great Depression of the 1930s

    The economic pain that we are witnessing right now is far greater than anything that we witnessed during the last recession. U.S. GDP declined by 32.9 percent on an annualized basis last quarter, more than 100,000 businesses have permanently shut down since the COVID-19 pandemic first hit the United States, and more than […]

At least 15 killed in hotel siege in Somali capital – police

“The operation has now ended but we are still combing the building for any possible militants who are hiding,” Major Ali Mohamed said, adding that the death toll included guards, civilians and militants, Reuters reported. According to an Al-Shabaab spokesman, the number of casualties stands at 30. The militants have been armed with grenades and […]

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