The current economic recession has forced most organizations to make do with fewer hands and resources.
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While the United States' economy seems to get worse, and worse, and worse seemingly every day, China has stated that it feels its own economy has begun recovering.
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California's unemployment rate has reached 10.1%, crossing the double-digit mark for the first time in 25 years.
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Whatever happens, whatever comes, there are only 4 simple rules you need to know and implement: you need money to produce, you need money to survive, you need consumers who have money to buy your products and services, you need to conserve your habitat before it's too late. So how can you implement this simple 4 rules? How and where are you going to get this treasuries?
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Even as countries worldwide try to figure out ways to halt the downward slide of their economies, the Dow Jones Industrial Average (DJIA) tumbled 251 points to its lowest close, 7114.78, since Oct. 28, 1997, while the S&P 500 index dropped 26 points to 733.33, its lowest level since April 11, 1997.
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Barack Obama wants to cut the federal deficit in half by the end of his first term, despite the fiscal stimulus package. According to an adminstration official, as Obama prepares his budget request for Thursday delivery, he plans to do so by raising taxes on the wealthiest Americans, streamlining government, and withdrawing troops from Iraq.
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Barack Obama signed one of the costliest pieces of legislation into law on Tuesday, a $787 billion stimulus package that Americans hope will restart a sputtering economy.
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The revised stimulus package passed a major milesone on Monday, setting up a final vote by the Senate on Tuesday.
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According to a Merrill Lynch analyst, the actual unemployment rate, when taking into account those who are "underemployed," is actually 13.9%.
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Many have seen their retirement savings dry up as the stock market has dropped precipitously in the recession. But there are also those who were victims of Bernie Madoff's Ponzi scheme who lost everything. And one such California resident has had to return to work, at age 90.
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This is just odd. I blogged about on my page, but thought it would be even more informative and useful to post it here.
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The state of California began its series of "furlough Fridays." The state is nearly out of cash, and Governor Arnold Schwarzenegger has issued an executive order in an attempt to save the state from bankruptcy.
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