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They are far from it. At the moment, we are in a lull period, given that a lot of money has been channelled into the banking sector. The real pain in terms of economic growth is yet to come. When that comes, partly through the austerity programmes,...
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Wandering the Oceans: Dusk + My Own Critique of Murray's Book "Coming Apart: The State of White America"
Sail Blogs
It is a vicious circle. Now that people's homes are often worth less and credit is expensive, people are relying on their wages to be able to spend money -- and their wages have virtually stagnated. This means that economic growth will be slower than...
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Workers with wage arrears from Portuguese building company FDO protest outside the company's headquarters Tuesday, Feb. 14, 2012, in the outskirts of Braga, Portugal. According to the board of directors the company, which employs 700 workers, will... View Photo »
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In the prosperous years of 2006 and 2007, the annual change in unit-level hotel spa revenue was comparable to the changes in RevPAR. However, concurrent with the economic recession, spa revenue declined at a greater pace than other hotel revenue sources in 2008 and 2009, and did not post a year-over-yea...
SOURCE: Business Wire -
Angharad’s Maia Flowers is based on the town’s Square and doing a roaring trade, despite opening in the midst of recession. Rather than show concern for her economic surroundings, she and trusty dog Alfie are bucking the trend with a purely positive...
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Over the next two years, the state is poised to add nearly half a million jobs and drive the current 11.1% unemployment rate down to nearly 10%, the Los Angeles County Economic Development Corp. said in an annual forecast scheduled to be released...
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Fred Tomczyk, President and CEO of online brokerage TD Ameritrade, speaks in Omaha, Neb. , Tuesday, Feb. 14, 2012, at the company's annual shareholders meeting. TD Ameritrade's top executives say the economy is definitely improving, but the recession's... View Photo »
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Car lot owners have been amongst the biggest beneficiaries of the rebounding Albertan economy. The most recent data on new vehicle sales in Alberta might show a slight monthly dip, but the trend over the past year puts sales near pre-recession levels
SOURCE: Driving Canada -
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Carsten Brzeski, an economist with ING Global Research, said the fourth quarter slide was no cause for greater concern and the underlying factors supporting the German economy were still strong. "The first economic contraction since the end of the...
About Economic Recession
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Fred Tomczyk, President and CEO of online brokerage TD Ameritrade, speaks in Omaha, Neb. , Tuesday, Feb. 14, 2012, at the company's annual shareholders meeting. TD Ameritrade's top executives say the economy is definitely improving, but the recession's aftereffects will linger until the...
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AP Photo
Joe Moglia, Chairman of online brokerage TD Ameritrade, speaks in Omaha, Neb. , Tuesday, Feb. 14, 2012, at the company's annual shareholders meeting. TD Ameritrade's top executives say the economy is definitely improving, but the recession's aftereffects will linger until the U.S....
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A woman walks past abandoned furniture in front of a closed shop in downtown Setubal February 8, 2012. Portugal has come under fire in recent weeks on concerns that, mired in a brutal recession and with jobless rates at record highs, it could be forced to follow Greece in seeking fresh...
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A man walks past a mural about mining in Turon, northern Spain, an area that thrived for more than a century from local coal mining, February 1, 2012. Turon now holds one of the highest unemployment rates in the mining areas of northern Spain, according to local unemployment data. ...
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A man walks past a graffiti which reads "Fight for our future" in Turon, northern Spain, an area that thrived for more than a century from local coal mining February 1, 2012. Turon now holds one of the highest unemployment rates in the mining areas of northern Spain, according to local...
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A house is seen behind an unfinished residential building in Marbella, near Malaga, southern Spain January 31, 2012. Many residential building projects in the country have come to a standstill due to the financial crisis. The collapse of the property market after the 2007 global credit...
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Construction workers get directions as they work on remodeling part of a building in central Madrid January 30, 2012. Spain's economy looks set to slip into a long recession after contracting in the last quarter of 2011 for the first time in two years, as Europe's leaders gather to seek...
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A worker pulls a wheelbarrow as he works on restoring a building in central Madrid January 30, 2012. Spain's economy looks set to slip into a long recession after contracting in the last quarter of 2011 for the first time in two years, as Europe's leaders gather to seek out ways to...
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AP Photo
Fred Tomczyk, President and CEO of online brokerage TD Ameritrade, speaks in Omaha, Neb. , Tuesday, Feb. 14, 2012, at the company's annual shareholders meeting. TD Ameritrade's top executives say the economy is definitely improving, but the recession's aftereffects will linger until the...
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