Economic Recession

Fed Vice Chairman Says Economy 'Severe'

ruzik_tuzik — Wed, 19 Nov 2008 12:52:29 -0600

It is not a secret that the U.S. economy is declining. This has already become a major problem for almost everyone in the international financial markets, homeowners, small business and the list can go on. According to Federal Reserve Vice Chairman Donald Kohn's opinion, the economic crisis is the most serious one since 1990s.

EU Officiallly in Recession, Negative Growth

admin_huliq — Fri, 14 Nov 2008 07:26:03 -0600

The European Union says 15 nations that use the euro as their currency are officially in a recession, as world leaders gather in Washington to discuss the global financial crisis. The 27-nation EU as a whole avoided the same fate only by recording zero, rather than negative, growth in the second quarter.

Market Your Way Out of the Recession

webitpr — Tue, 04 Nov 2008 11:00:13 -0600

Investing in strategic, focused marketing, even in turbulent times, makes it possible to stay one step ahead of your competitors and leverage yourself to an even stronger position when market conditions improve.

U.S. Economy Signals Recession Posting 3rd. Qtr. GDP Decline

admin_huliq — Thu, 30 Oct 2008 14:14:46 -0500

A new report says the U.S. economy and GDP declined in the third quarter, between July and September - the strongest indication yet that the nation may be sliding into a recession.

What Does a Global Recession Mean for Service Providers?

webitpr — Thu, 30 Oct 2008 10:44:11 -0500

TM Forum panel of leading experts to address the impact of the current financial market turmoil MORRISTOWN, NJ - TM Forum announced today it is to address the growing concerns of companies from across the communications value chain about the impact of the current global financial crisis on service providers, in a special keynote panel debate on November 18, 2008 at TM Forum’s Management World Orlando conference.

A Stranger Saves a Woman in Foreclosure

Iria — Tue, 28 Oct 2008 10:19:02 -0500

It's no secret that foreclosures are up across the United States. But when Tracy Orr's house went up for auction this Saturday, an angel swept in to save her house from foreclosure.

Recalling The Great Depression

jandapitan — Thu, 23 Oct 2008 11:00:55 -0500

Nevin was just 16 years old when he walked into a Pittsburgh saloon and talked his way into a job — singing for tips. "The place was right next door to a house of burlesque, so my only audience was a bunch of grumpy old men who were waiting for the strippers to start dancing," he says. "My only pay was whatever money they threw on the stage, and the last thing they wanted to see was some 16-year-old kid singing love songs."

Fed Attempting To Prevent Great Depression II

admin_huliq — Thu, 23 Oct 2008 09:26:08 -0500

U.S Fed chairman Ben Bernanke and the Fed have to be miffed over their lack of traction in addressing the credit bubble.

Asian Stocks Drop To 4-Year Low

admin_huliq — Thu, 23 Oct 2008 08:55:04 -0500

Asian stocks slumped, sending the region's benchmark index to the lowest level in four years, as Japanese exports missed estimates and commodities prices tumbled, deepening concern the global economy is headed for recession, reports Bloomberg.

EU Summit Calls For Global Regulation Of Financial System

admin_huliq — Thu, 16 Oct 2008 07:51:21 -0500

The economic crisis that has sent stock markets worldwide into freefall now looks almost certain to spark a major overhaul of the global financial system. To speak of freefall is no exaggeration. Both the U.S. and Japanese stock markets on October 15 suffered their biggest one-day losses since the crisis began.

Still No Recession In Economy, But 1% Growth

admin_huliq — Thu, 26 Jun 2008 17:03:35 -0500

Can we stop talking down the economy? I know 1% is not robust, but it's not recession either.

New Home Sales or Recession?

admin_huliq — Tue, 27 May 2008 12:04:43 -0500

Warren Buffett, whose business and investment acumen has made him one of the world's wealthiest men, said in an interview published Sunday he believes the U.S. economy is already in a recession.