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Patrice Hill

Articles by Patrice Hill

In this Thursday, April 11, 2013, photo, people wait in line before the Dr. King Career Fair at the Empire State Plaza Convention Center in Albany, N.Y. (AP Photo/Mike Groll)

Unemployment down to 7.5 percent in April

Unemployment dropped a notch further to 7.5 percent last month as businesses created another 165,000 jobs, the Labor Department said Friday morning in a report that showed the economy maintained steady growth despite federal budget cuts. Published May 3, 2013

** FILE ** Britain's Queen Elizabeth II arrives for a Service of Thanksgiving in St. Macartin's Cathedral in Enniskillen, Northern Ireland, on Tuesday, June 26, 2012, as part of the celebration of her 60 years on the throne. (AP Photo/Peter Morrison)

Britain loses AAA credit rating

Britain on Friday became the latest major developed country to lose its top AAA credit rating, following a downgrade issued by Fitch, a London-based ratings agency. Published April 19, 2013

Icelandic President Olafur R. Grimsson (J.M. Eddins Jr./The Washington Times)

Iceland's president sees no U.S. leadership as commercial potential opens in Arctic

China and other Asian nations have been moving aggressively to exploit the commercial potential of the Arctic as more of the region becomes accessible for development and shipping in the increasingly ice-free summer, while the U.S. appears to be dragging its feet, Icelandic President Olafur R. Grimsson told editors and reporters at The Washington Times. Published April 18, 2013

A worker prepares to construct a city highway which is under construction in Beijing on April 15, 2013. China's economic growth slowed unexpectedly in the first three months of the year, fueling concern about the strength of its shaky recovery. (Associated Press)

China's economic slump staggers U.S., world markets

Global stock markets plunged on Monday after China reported that its economy grew more slowly in the first quarter — setting off a drop of more than 250 points in the Dow Jones index for the worst trading day of the year. Published April 15, 2013

China's slowing growth helps sink stock markets in U.S.

Global stock markets plunged Monday after China reported that its economy grew more slowly in the first quarter setting off a drop of more than 250 points in the Dow Jones index for the worst trading day of the year. Published April 15, 2013

**FILE** A shopper looks over the clothes at the Vermont Trading Company in Montpelier, Vt., on Tuesday, April 9, 2013. (Associated Press)

Consumers stayed home in March

Consumers stayed away from the malls last month as unusually cold weather and late tax refunds took a toll on their usual spring spending fervor. Published April 12, 2013

Gas prices at an Exxon Mobil station at New York Avenue and Bladensburg Road in Northeast Washington and elsewhere rapidly continue their upward march. (Andrew S. Geraci/The Washington Times)

Gas prices expected to stay low this summer

Gasoline prices this summer will be the lowest in three years as people drive less and use more fuel-efficient cars, the U.S. Energy Information Administration is predicting. Published April 10, 2013

Phoenix moves from bust to boom, but first-time homebuyers face hurdles

Mike Orr, director of Arizona State University's real estate center, has had a front-row seat for the dramatic transformation of the Arizona capital from arguably the most depressed real estate market in the country during the housing bust to the most dynamically expanding market today. Published April 2, 2013

A new town house is under construction at the Crossings adult community in Colonie, N.Y., on Monday, Feb. 25, 2013. (AP Photo/Mike Groll)

Home prices jump 8.1 percent in past year

The average home price in the nation's top 20 cities rose smartly by 8.1 percent in the past year — the fastest increase since the peak of the housing bubble in the summer of 2006, according to the S&P Dow Jones index released Tuesday. Published March 26, 2013

The EPA is among the government agencies planning to furlough some of its staffers as a result of the sequester cuts that went into effect March 1. EPA furloughs are planned through September. (Andrew Harnik/The Washington Times)

Reduced regulations a ‘silver lining’ from sequester slashing

Many businesses and conservatives have made no secret that they like the $85 billion of across-the-board federal spending cuts this year because of their long-standing agenda to "starve the beast" of government. But less understood is how they welcome the sequester cuts because some of the deepest reductions target agencies busy preparing a slew of rules that businesses contend are onerous and will harm the economy. Published March 20, 2013