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A recession is a significant decline in economic activity spread across the economy, lasting more than a few months, normally visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.
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www.nber.org/cycles/recessions.html
www.nber.org/cycles/recessions.html
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At the White House, President Bush, whose father lost the White House partly as a result of the country's last recession, said the declaration added urgency to the need to get a package of economic stimulus measures approved by Congress and passed into law.
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money.cnn.com/2001/11/26/economy/recession/
money.cnn.com/2001/11/26/economy/recession/
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The Motley Fool - Who'd have bet on these stocks? ... As you can see, even though some of these stocks -- such as Research In Motion and Terra Industries -- got whacked by investor pessimism during the last recession, their long-term returns have more than made up for it.
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www.fool.com/investing/general/2008/03/03/the-top-10-st...
www.fool.com/investing/general/2008/03/03/the-top-10-stocks-since-the-last-recession.aspx
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the last recession began in march of 2001 and ended in November 2001.
http://wiki.answers.com/Q/When_was_the_last_US_recessio...
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Unemployment has trended down since December of 1993. In April and May, 1998, unemployment reached a low of 4.3%. The last time U.S. total unemployment was this low was September, 1965.
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www.cals.ncsu.edu/course/are012/lecture/lectur2/sld022....
www.cals.ncsu.edu/course/are012/lecture/lectur2/sld022.htm
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Predictions of a new recession mean that poverty rates are likely to start rising again without ever recovering to the level they were at during the last recession, which ended in November 2001.
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www.commondreams.org/archive/2008/01/23/6570
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Well, in case you didn't know it (because like me, you assumed Bush was speaking the truth about `when' that recession happened), our last recession actually `began' in March and ended in November of 2001; During George W. Bush's administration.
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www.mydd.com/story/2008/1/14/9560/80337
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In 2006, the latest year for which Census Bureau figures are available, 12.3 percent of Americans were living in poverty, compared with 11.7 percent in 2001, the year of the last recession.
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www.reuters.com/article/bondsNews/idUSN2241431020080123
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