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Recession stories from Top sites:
SEPTA strike drives commuter to protest
Nov 6th, 2009 - Philly.com
By yesterday evening, a frustrated Tili Ayala had decided to fight back, staging a one-woman protest at Suburban Station to demand an end to the transit strike.
"I'm going to lose one of my jobs," she said, becoming teary...Smartphone market unfazed by recession
Nov 6th, 2009 - CNET
Consumer demand for smartphones seems to be unstoppable.
In the third quarter, vendors shipped a record 43.3 million devices, up 4.2 percent from last year's third quarter and up 3.2 percent from this year's second quarter...Unemployment Tops 10% Amid Slow Rebound
Nov 6th, 2009 - TIME
(WASHINGTON) The unemployment rate has surpassed 10 percent for the first time since 1983 and is likely to go higher.
Nearly 16 million people can't find...BA to cut 1200 jobs amid losses
Nov 6th, 2009 - BBC NEWS
British Airways says it plans to cut a further 1,200 jobs after reporting a first-half loss for the first time.
The job loss announcement means the airline will have shed a total of 4,900 positions by March 2010.BA posts £217 mln loss, calls for cost cuts
Nov 6th, 2009 - Yahoo! News
LONDON (AFP) – British Airways on Friday said the company's net loss more than quadrupled to 217 million pounds during the first half of its financial year. "Aviation...
Recession videos from YouTube:
- young jeezy - The Recession...young jeezy - The Recession (Intro) - The Recession
- What is a Recession?WatchMojo.com looks at the economic trend known as a Recession and looks at its causes and effects.
- California on the RecessionComedian Kassem G interviews Californians about the recession. Follow Me on TWITTER! twitter.com Add me on Facebook! www.facebook.com Add me on Myspace! www.myspace.com Thanks for subscribing!
- Young Jeezy - The Recession...Young Jeezy - The Recession - 06 - Amazing
Recession stories from Digg:
Economic Survival | recession economic
// From: Chris LeBarron Sub: Economic Recession -(Tech Industry News)
hayseed1Sun, Nov 8th, 20091 Diggs, 0 CommentsHardcore Recession Fans
Some interesting links about the recession...(Business & Finance)
1liketosubmititSun, Nov 8th, 20091 Diggs, 0 Comments10.2% Unemployment Rate!
In a little less than two years, unemployment has nearly doubled, reaching a point we have not seen in 26 years. The recession began in December 2007, and since then, the number of unemployed persons in America has increased by 8.2 million, to a frightful 15.7 million. What's worse, is that the reported unemployment rate does not include folks work(Business & Finance)
WallStreetGreekSat, Nov 7th, 20091 Diggs, 0 Comments
Recession from WikiPedia:
In economics, a recession is a general slowdown in economic activity over a long period of time, or a business cycle contraction. During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes, business profits and inflation all fall during recessions; bankruptcies and the unemployment rate rises.
Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.
In a 1975 New York Times article, economic statistician Julius Shiskin suggested several rules of thumb for identifying a recession, one of which was "two down quarters of GDP". In time, the other rules of thumb were forgotten, and a recession is now often defined simply as a period when GDP falls (negative real economic growth) for at least two quarters. Some economists prefer a definition of a 1.5% rise in unemployment within 12 months.
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