WASHINGTON – Stock markets in Japan fell Thursday, but not as drastically as the plummets experienced by U.S. markets a day earlier that amplified recession fears. Tokyo’s Nikkei index closed down 1.2% Thursday. Elsewhere in Asia, China’s Shanghai Composite Index finished up 0.3% and Hong Kong’s Hang Seng was up 0.8%, while markets in […]
City braces for unprecedented housing and public health and safety crisis ANCHORAGE, AK—Today, Mayor Ethan Berkowitz declared a Civil Emergency in the Municipality of Anchorage (MOA) to address the impacts of state budget cuts that pose dire and imminent public health and safety risks. Municipal Code 3.80.060 allows the mayor to make use of […]
As one of 60 legislators, I think we could have finished our work within the 90-day limit. But like negotiating for a car, you can’t just make your offer. You have to get the car salesperson to make a reasonable offer back. That hasn’t happened. The offer so far from our Senate colleagues is: No budget plan to […]
Japan’s economy, the world’s third largest, has fallen into recession. New data show the economy shrank at a 1.6 percent annual rate in July, August and September, after an even sharper decline in the previous quarter. Textbooks often define “recession” as two consecutive quarters of “negative growth.” The shrinking economy follows a tax increase that […]