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	Financial Rescue Passes in Midst of Rising Jobless Claims Economy - Oct 2, 2008 The United States Senate approved the $700 billion financial rescue on Wednesday. This comes as unemployment benefits rose by 1,000 claims last week. The financial rescue now needs a House vote which could happen on Friday.
	Bailouts Defeat Purpose of Capitalism Economy - Sep 29, 2008 The United States government is using bailouts as a reason to control economics. This decision has pros and cons. Most Americans do not understand what bailouts mean.
	Congress Shows Suspicion Over Bailout Bill Economy - Sep 23, 2008 Senators described the $700 billion bailout bill as confusing and suspicious. Some members of congress label the bill as socialism and not financial resolution. Democrats and Republicans argue that taxpayers will wind up paying for the failings of big firms and highly paid executives.
	U.S. Factories Rise in July Surpising Economists Economy - Sep 3, 2008 The Commerce Department showed a bigger-than-expected 1.3 percent increase for new factories in July. Transportation orders jumped 3.2 percent. June's increase was also revised.
	Economy Outlook Gloomy Economy - Apr 4, 2008 Four out of five Americans strongly believe the economy outlook is the gloomiest in over 20 years.
	Economy Loses 63,000 Jobs, Most In 5 Years Economy - Mar 7, 2008 Economy report from the US Labor Department showed employers cut 63,000 jobs in February, the most in five years.
	House passes $168 billion economic stimulus package Economy - Feb 8, 2008 The $168 billion bill now goes to President George W. Bush for final approval, who indicated earlier that he would support the new legislation.

The Economy News page is edited by Bill Waters. The managing editor is Mary Couchman. Our copy editor is Rob Adams.

The economy is the production of goods and services of a country. In our case, it's the United States.

Production is a process that occurs through time and space. Because it is a flow concept, production is measured as a rate of output per period of time. There are three aspects to production processes which include the quantity of the commodity produced. Production can come in short-run or long-run. One of thesefactors of production is fixed. Examples include major pieces of equipment, suitable factory space, and key managerial personnel. A variable factor of production is one whose usage rate can be changed easily. Examples include electrical power consumption, transportation services, and most raw material inputs. In the "long-run", all of these factors of production can be adjusted by management. In the short run, a firm's "scale of operations" determines the maximum number of outputs that can be produced, but in the long run, there are no scale limitations. Long-run and short-run changes play an important part in economic models.

Production is the end result of a process that involves its technological evolution and social organization. These factors set the conditions and parameters in which it functions.

Capitalism is characterized by the labor between worker and capitalist. It is seperated between production and the direct producers that are owned by a parasitical capitalist class. Under capitalism, the working class produces surplus value, of which only a small percentage is returned to the worker in the form of wages to provide for her bare subsistence.

The Gross domestic product, also known as the GDP, is a measure of the size of its economics of a country. The GDP only includes economic activity for which money is exchanged. GDP and GDP per capita are widely used by both specialized and non-specialized literature.