More Communities Ink Their Own Currencies
April 7, 2009 at 9:29 am | In Uncategorized | Comments OffTags: currency, economy, money, recession
More Communities Ink Their Own Currencies:”A small but growing number of cash-strapped communities are printing their own money.”
Even Porsche Has to Cut Employee Hours
January 30, 2009 at 10:40 pm | In Uncategorized | Comments OffTags: automakers, cars, Europe, recession
Even Porsche Has to Cut Employee Hours: “The number of cars sold fell 27% to 34,000 in the six-month period. Porsche said it would reduce hours as a result…“
Recession Produces Counterfeit Food
January 25, 2009 at 12:50 am | In Uncategorized | Comments OffTags: food, food safety, recession
Recession Produces Counterfeit Food: Experts say dangerous U.S.-produced foods are comparatively few, but producers have been known to practice “economic adulteration” — adding a little to their bottom line by padding, thinning or substituting something cheap for something expensive.
Bank of England Set to Run Printing Presses
January 25, 2009 at 12:39 am | In Uncategorized | Comments OffTags: economy, money, recession, UK
Bank of England Set to Run Printing Presses: “The Bank of England’s Governor paved the way last night to unleash the weapon of “printing money” in a last-ditch drive to combat the rapidly deepening recession.”
This is not a good sign at all, since hyperinflation could occur once the extra bills are dumped into circulation.
Singapore Proposes Stimulus Package
January 25, 2009 at 12:20 am | In Uncategorized | Comments OffTags: Asia, economy, recession, Singapore
Singapore Proposes Stimulus Package: “The resilience package will avert a sharper downturn in Singapore but won’t get it out of recession…”
A Quarter of Retail Stores Gone
January 22, 2009 at 9:25 pm | In Uncategorized | 1 CommentTags: bankruptcy, economy, recession, retail
A Quarter of Retail Stores Gone: “Analysts estimate that from about 10% to 26% of all retailers are in financial distress and in danger of filing for Chapter 11.”
Why the Obama Stimulus Plan Won’t Work
January 22, 2009 at 9:19 pm | In Uncategorized | Comments OffTags: economy, recession
Why the Obama Stimulus Plan Won’t Work: “This may seem harsh but the ultimate cure for a recession is recession. Economic booms “malinvest” labor and capital and recessions are necessary to “clean out” these malinvestments.”
Hmmm…. We’ll see if he is right. But meanwhile, many people suffer for it.
Best College Degrees For a Depression
December 29, 2008 at 7:59 pm | In Uncategorized | Comments OffTags: college, depression, economy, recession
Best College Degrees For a Depression: Think medical!
Unexpectedly? What do you mean, unexpectedly?
December 11, 2008 at 4:47 pm | In Uncategorized | Comments OffTags: economy, recession, unemployment
You mean, they didn’t see this coming?
“…it is very clear that the underlying trend in claims is still rocketing, as companies throw in the towel and prepare for a long, deep recession…”
How the recession is affecting professionals
December 11, 2008 at 4:01 pm | In Uncategorized | Comments OffTags: business, career, economy, recession
Doctors, engineers, attorneys, NASCAR engineers and other professionals detail how the recession has affected their business or career.
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