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Fragile, that you resort to a strategy of let's cut more so that you're seeing government lay-offs, reductions in government spending, severe cutbacks in major investments that help the economy grow over the long term. if you're doing all of those things at the same time as consumers are pulling back because they're trying to pay off credit card debt and there's generally weak demand in the economy as a whole, you can get on a downward spiral where everybody's pulling back at seam time that weakens demand and that further crimps the desire of companies to hire more people. and that's the patte...

>> good evening. the announcement of a planned sat like launch of a ballistic missile comes two weeks after a new gesture was accepted for a moratorium. at the seam time, secretary of state hillary clinton warned that the u.s. still had profound concerns and then she added this. >> today's announcement represents a modest first step in the right direction. >> that first step in the right direction came to a dramatic end this morning at 4:00 eastern time when the state department issued this statement about north korea abouts sudden reversal. it read in part north korea's announcement it plans ...

Latest updates on this topic from reliable sources.

Latest updates on this topic from reliable sources.