During the great credit expansion of 1945-2007, businesses could anticipate, generally, rising earnings. People were buying more and more things on credit. In a national economy, businesses pay wages and then the...
“US economic power is declining as a result of the financial crisis,” said the head of the World Bank Robert Zoellick. And continued saying: "One of the legacies of this crisis may be a recognition of changed...
You may think of the sewage pipes that are broken, releasing raw sewage in the sea close to the beach, now that should be easy to repair. The drain in Spain is meant economically and globally a ‘drain’ no one...
Barry Artiste Op/Ed In my Opinion, and a valid Opinionated Theory at that! Now I am not one to throw out fancy, silly James Bond Theories, this is just from what I read in legit media, people like you and me,...
Last updated: March 16, 2009See 2008 LayoffsSee 2009 Layoffs 2008 was the worst year for layoffs and job losses in the United States since World War II and 2009 is expected to be even more devastating. A report...
created by Tina Kells | 45 wks ago | updated 36 wks ago 45041 views | 51 recommendations | 44 comments
Unemployment is skyrocketing in the US as businesses liquidate and people go bankrupt. Unemployment is predicted to reach 8% by next year."Figures from the US Labor Department showed US employers cut 240,000 jobs in October, the 10th month in a row that the economy has lost...