Japan, the second largest world economy recovers and is on the path to growth. Japan is marking the first quarter of economic growth, expanding 0.9 percent in country's first quarter of fiscal year.

While many recent news articles have claimed the recession has sent divorce rates plummeting, it's not quite the case. Most people may not be able to afford a divorce and the rates of a divorce lawyer, but some people still can.

Peter Schiff has got some competition. Where Schiff has become a crisis-icon there are those individuals who also foresaw the same set of circumstances unfolding on the world stage and quietly took action for both themselves and their investor clients.

:Starting a business in a recession may seem like a scary idea but it’s actually the BEST time to get started because you can use the downturn to your advantage,” explains Danielle Babb, PhD, MBA and author of the new book, The Accidental Startup: How To Realize Your True Potential By Becoming Your Own Boss. “Some of the best companies were started during recessions, IBM, Kinkos, FedEx and more!"

There are reports that cafes and restaurants are being flooded with professional people looking for work after losing their jobs because of the financial crisis.

President Obama is holding his first press conference. You can watch it streaming at WhiteHouse.gov/live. He opened up with some brief remarks, which you can read in full (as prepared for delivery) below.

This chart is taken from the Speaker of the House's blog -- a chart showing the job-losses by month in the past two recessions (red=2001, blue=1991) against the current recession.

Valentine's Day is probably the last thing on people's minds considering the economic situation that we are in. With jobless claims at its highest in 26 years, Valentine's Day might be a non-event. However, there are ways to show your love this Valentine's that will not cost you a fortune.

In a commentary titled I have fallen into recession’s web of fear FT columnist Lucy Kellaway writes that the internet has created a global psyche and that sitting in front of your computer all day feeds your anxiety.

Barack Obama continued his hard line stance towards Wall Street today in his latest weekly address.

Despite record breaking losses U.S. automaker, Ford Motors, is sticking to its guns saying that the company will not resort to requesting federal bailout money.