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Despite hopeful signs among this week's economic data, the recovery from the worst downturn in decades remains hostage to the high jobless rate. By msnbc.com's John W. Schoen.
Londoners are flocking to the theater despite the recession.
The boats used to arrive on Spain's Canary Islands almost daily, rickety vessels crammed with Africans hoping for a better life in Europe, and willing to risk a perilous journey at sea to get here.
A date doesn't need to break the bank, especially as potential partners are increasingly likely to value substance over style during the recession.
Credit the recession for "staycations" and bringing us more game-night parties at home. But also give it a shout for spurring more first dates.
Clamor fills the factory as workers bent over their industrial sewing machines stitch together women's garments at galloping speed. Yet the vast workshop is only half full, its blank benches a testimony to how the global financial meltdown swings back at the developing world.
There seems to be general agreement that the steep slide in the global economy and financial markets is slowing down. There’s little consensus, though, on what happens next.
A key advertising forecaster sharply lowered its global ad spending forecast Tuesday, saying the ad market took a substantial turn for the worse in the past few months as companies tightened their belts in the face of an economic slump.
The Seibu Prince Rabbits, a Japanese ice hockey team with a 37-year history, is the latest casualty of Japan's economic crisis.
By every measure — lost jobs, plunging stock prices, scarce credit and a profound loss of confidence in the banking system — the economy is in awful shape.
It’s fair to say that a year ago nobody saw this coming.
New Zealand's dairy farmers, a mainstay of the isolated South Pacific nation's exports, face a 24 percent fall in payments for milk this year because of slumping world prices, a new blow for an economy already in recession.
For years, Starbucks’ coffee drinks were considered the type of affordable luxury that could withstand the ebbs and flows of the U.S. economy.
Friday's dismal employment report underscores the urgent need for President-elect Barack Obama to act quickly to get the economy back on track. But as the devastating economic downturn gains momentum and spreads around the globe, there is a growing concern that any actions under the new administration will have little impact in the short term.
Krispy Kreme's signature glazed doughnuts may be best hot, but its sales have been anything but in recent years. Now the chain is hoping that going cold — with its new soft-serve ice cream — will be the catalyst it needs.
Mud is flying, smoke and steam are rising, and the deafening roar of V-8 engines all but drowns out 5-year-old Shelby Scott's screams.
With economic indicators signaling trouble ahead, Answer Desk readers are bracing for a downturn. Many, in fact, are convinced the sky has already fallen. But some readers are taking a more optimistic approach — like Sheila in Utah who is wondering which businesses do well when the economy heads south.
How can we have health care if the US's work force is losing more and more of their benefits everyday. Many companies used the economic downturn to axe their highest paid and well benefited work force.
Profits driving stocks a sign of danger: Richard WolffThe 'recovery' is based on profits made by concessions, cost-cutting and layoffs. Money is being lost to the system, so the "comeback" is illusory.
Luxury Homes Hit Hardest: Real Estate Sales DownThe Obama administration put together a plan to try and salvage the deteriorating housing market. From its inception, lenders have been revising mortgage loans to make them more affordable for their customer.
Warren Buffet's gloomy economic predictionsInvesting guru Warren Buffett has predicted that the economy will get worse before it gets better. I am surprised to see him support a second stimulus package considering how fiscally conservative he is.
Volvo: Innovation to avoid laying people off in a recessionIt's the dilemma that haunts every manager at the moment: how do you maintain the values of CSR and those of your organisation when you are under enormous pressure to cut costs and reduce payroll.
Equality Bill Ensures Diversity Remains A Priority In Economic DownturnIn today's unstable economic climate business might be forgiven for thinking it can take its eye off the ball when it comes to Diversity.
Among the many perks that come with not owning a television, there is one that reigns supreme over them all: the complete and total absence of CNN in my home.
The Sky's No Longer the Limit I building to be art, and it is sad to see art reduce, but it must I guess
Two events converged recently: the jobless rate for Elkhart County became the worst in the nation, spurring our new President to visit, and my company completed a patent study of Indiana, focused on the North Central region to which Elkhart belongs.
Highly Skilled Unemployed -> Flood of VolunteersMany who run nonprofits have marveled at the sudden flood of bankers, advertising copywriters, marketing managers, accountants and other professionals eager to lend their formidable but dormant skills.
The many causes of the financial meltdown are debatable, and nobody has come up with a strategy to pull us out of this mess. But for the millions of Americans caught up in the crisis, it is time to move forward.
It is indeed a tough time to be associated with Manufacturing in the US. In the past six years with my employer, I will not drop names but we are a UK based company with a corporate office in the UK and a production site in New Jersey, our business has declined steadily.
Economic Pessimism Sends World Markets DownWorld stock markets mostly fell again Wednesday after a bad day on Wall Street and as investors fled to the safest assets amid fears the financial crisis is taking another turn for the worse.
By now everyone has awoken to the fact that we were living under the illusion of "all is right." IT'S NOT! How can one handle one's emotions and those of co-workers, friends, lovers, employees, employers, family and the world?
Our Epistemological DepressionMajor recessions are characterized by something novel. Opacity and pseudo-objectivity created the crisis today.
I believe in the American Dream; my own house with a car in the driveway surrounded by the little white picket fence, two kids in the yard playing with the dog while the wife is cooking the chicken in the pot on the stove.
Goody's stores closing nationwideDespite emerging from bankruptcy last October, Goody's LLC has again filed for Chapter 11 bankruptcy and announced plans to liquidate the rest of its nearly 300 stores.
US porn industry seeks multi-billion dollar bailoutPorn baron Larry Flynt is seeking a $5 billion bailout from Washington to rejuvenate the industry, which he says is suffering because of the economic downturn.
Economic Downturn: A Green Downfall or Salvation?Many in the green movement are concerned that the current downfall of the World economy spells the end of investment in capital projects and in global warming prevention.
A Race to the Bottom By BOB HERBERT Ms. Weingarten was raising a cry against the demonizing of teachers and the widespread, uninformed tendency to cast wholesale blame on teachers for the myriad problems with American public schools.
BBC NEWS | Business | Obama urges carmakers to 'reform'Obama urges car maker to change the way that they do business given the dire economic circumstances. He also mention that the bail out money that they will receive represents an opportunity that they cannot squander.
Bad Economy Means Good Video-Game SalesAmericans may be cutting back on holiday shopping, but they are still buying video games — to the tune of nearly $3 billion in November, according to data from market researcher NPD Group.
Illinois' casinos see revenue fall, but they blame the smoking banWhile casinos in Illinois struggle, across the border in Indiana, revenues are down by only three-quarters of a percent, according to the American Gaming Association. "They have basically the same economy, the same weather" as Illinois, Swoik said.
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