Maze cartoon of
recession's effect on jobs, bullet thru queen of hearts.
Maze cartoon of a bullet
cutting the queen of hearts, to represent the effect of the recession
here for a printable, hi-res version of this maze
here for the maze solution of bullet thru queen of hearts
More on this maze cartoon topic:
Worst joblessness statistics for nine months and gloomy
manufacturing data send dollar and Wall Street tumbling
Shares plunged on Wall Street and the dollar fell sharply
tonight after an increase in jobless claims and weak signals from
industry prompted fears that the US is heading for a double-dip
The Dow Jones index fell 200 points at one stage in morning
trading in New York after the US labour department reported that
500,000 new claims for unemployment benefit were filed in the week
ending 14 August – an increase of 12,000 on the previous week and the
highest figure for nine months.
The already gloomy mood was compounded when the Philadelphia
Fed, one of the Federal Reserve's 12 regional reserve banks, published
its monthly health check on manufacturing in America's mid-Atlantic
region. The survey, seen by Wall Street as a barometer of US industrial
conditions, showed activity had contracted unexpectedly for the first
time since July 2009.
President Barack Obama called on Congress to pass a bill
providing support for small businesses, but Wall Street believes the
threat to the world's biggest economy will also require action by the
Federal Reserve to expand the money supply through its quantitative
easing programme. James Bullard, president of the St Louis Fed, said
tonight that the central bank would need to step up its purchases of
bonds should the threat of deflation intensify.
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