The Sun
Britain faces £230bn bill if Greece quits euro
EXPERTS say UK economy would be slashed by 2% & plunged deeper into recession
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Daily Mail
Cabinet Minister and the ex party treasurer sip £300 wine over lunch, at a time of austerity
Multi-millionaire Michael Spencer, left, and international development secretary Andrew Mitchell, right, quaffed the pricey Bordeaux as the government repeatedly tells us, we're in the recession 'together'.
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Washington Post
Mitt Romney, Keynesian
Mitt Romney explains Keynesian budgeting:
Halperin: You have a plan, as you said, over a number of years, to reduce spending dramatically. Why not in the first year, if you’re elected — why not in 2013, go all the way and propose the kind of budget with spending restraints, that you’d like to see after four years in office? Why not do it more quickly?Romney: Well because, if you take a trillion...
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The Guardian
It's payback time: don't expect sympathy – Lagarde to Greeks
Take responsibility and stop trying to avoid taxes, International Monetary Fund chief tells AthensThe International Monetary Fund has ratcheted up the pressure on crisis-hit Greece after its managing director, Christine Lagarde, said she has more sympathy for children deprived of decent schooling in sub-Saharan Africa than for many of those facing poverty in Athens.In an uncompromising intervie...
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National Post
What a Greek exit from the euro would mean for Canada
Worst case scenario: North America drops back into a recession that economists warn would be far deeper and more dangerous than the one we just went through. Here's a look at three possible outcomes and their impact
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Telegraph
UK economy could shrink by 2pc if Greece exits euro
The UK economy could be plunged even deeper into recession with a GDP contraction of up to 2pc if Greece is forced into a disorderly exit from the eurozone.
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Daily Mail
Shock 15% rise in suicides since the recession as unemployment and bankruptcy take their toll
Coroners courts concluded that 3,471 people had taken their own lives last year, a rise of 15 per cent compared to 2007. However, some areas have seen numbers more than double.
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Irish Times
Britvic loses its fizz in recession
ONE MORE THING: THE RECESSION continues to take the fizz out of the performance of soft drinks group Britvic in Ireland.
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New York Times
British Recession Deeper Than Originally Thought, Data Show
The bew report put pressure on the government to consider growth measures.
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MarketWatch
MarketWatch First Take: Retailers still feel recession pain
As the economic recovery crawls along, companies selling products from diamond rings to giant tubs of mayonnaise are still hung over from lean economic conditions, writes Angela Moore.
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Les Echos
Russie: Koudrine, influent ex-ministre, sonne l'alarme sur l'avenir du pays
L'influent ex-ministre russe des Finances Alexeï Koudrine a estimé jeudi qu'une récession en Europe pourrait avoir de lourdes conséquences sur la Russie, et dès lors faire "exploser" les problèmes politiques sans précédent, auxquels est déjà confronté Vladimir Poutine. "En Russie, la probabilité...Articles en rapportWall Street hésite, tiraillée entre zone euro et chiffres américainsLa polémiqu...
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Les Echos
La Bourse de Londres rebondit malgré les mauvaises nouvelles
La Bourse de Londres a nettement rebondi jeudi, effaçant une partie de ses pertes de la veille malgré le manque de résultats concrets du dernier sommet européen et l'annonce d'une récession pire que prévu au Royaume-Uni. L'indice FTSE-100 des principales valeurs a gagné 83,64 points, soit 1,59% par...
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THE GLOBE AND MAIL
Video: U.K sinks deeper into recession
The U.K. is already in a double dip recession - but it was deeper in the first quarter of the year than was first thought.
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Daily Mail
UK recession: Britain's first double-dip recession since 1975 is deeper than estimated
In a fresh blow to the Government, Britain is enduring its longest economic slump for a century as gross domestic product (GDP) shrank by 0.3% between January and March down from a first estimate of 0.2%.
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Le Point
Grande-Bretagne : David Cameron a un problème de croissance
La confirmation du retour en récession du Royaume-Uni a encore accru jeudi...
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lesoir
La Grande Bretagne est entrée dans une récession pire que prévue
L’économie britannique s’est contractée de 0,3% au 1er trimestre de cette année, une performance encore pire qu’attendue, selon une nouvelle estimation provisoire publ...lire la suite
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La Voix du Nord
Royaume-Uni: chantre de la rigueur, David Cameron a un problème de croissance
La confirmation du retour en récession du Royaume-Uni a encore accru jeudi la pression sur le Premier ministre David Cameron pour qu'il lâche du lest dans sa politique d'austérité au profit de la croissance, en plein débat européen sur les moyens de relancer l'économie.histoires liéesImportations: la Suisse impose une amende à BMW qui va faire appelCroissance: des doutes s´accumulent sur la rés...
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lesoir
11:54 La Grande Bretagne est entrée dans une récession pire que prévue
L’économie britannique s’est contractée de 0,3% au 1er trimestre de cette année, une performance encore pire qu’attendue, selon une nouvelle estimation provisoire publ...lire la suitehistoires liées10:49 La Bourse de Londres peine à se redresser11:18 Russie : des leaders de l’opposition sortent de prison11:14 La Chine appelle l’UE à refuser le protectionnisme11:38 Tennis (Roland Garros) : Merte...
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Irish Times
Booming Latin America offers trading path out of recession
OPINION:A joint article by Latin American ambassadors María Esther Teresa Bondanza, of Argentina; Pedro Fernando Bretas Bastos, of Brazil; Teresita de Caridad Trujillo Hernandez, of Cuba; Leonel Fernando Searle Couve, of Chile; and Carlos Garcia de Alba Zepeda, of Mexico
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China Daily
Trade with Argentina 'hit by protectionism'
China's exports to Argentina in April declined 34.4 percent from last year, the largest monthly drop since the 2009 global recession.
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THE GLOBE AND MAIL
Canada vulnerable to recession if euro zone worsens
Overheated housing market and high levels of household debt could put Canada in a bad spot
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BnAmericas
Banking - Argentina - Economy likely to enter recession this year, predicts Capital Economics
The Argentine economy is increasingly losing steam and will likely enter into recession this year, according to a report by research firm Capital Economics.
The firm said Argentina could find itsel...
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Huffington Post
'Fiscal Cliff' Could Cause Recession In 2013 Without Government Action, CBO Says
* Fiscal restraint in 2013 could lead to contraction-CBO * No restraint over long run not sustainable-CBO By Lucia Mutikani and Kim Dixon WASHINGTON, May 22 (Reuters) - A stalemate over how to tackle a series of fiscal deadlines at year's end would likely push the United States economy into recession in the first half of next year, the Congression...
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Los Angeles Times
Tax hikes, budget cuts could bring recession, budget office warns |
BBC
US 'could fall off fiscal cliff'
The US could tip into recession if the government does not avert year-end tax hikes and federal spending cuts, auditors say.
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Les Echos
L'Espagne en pleine récession ne veut pas renoncer à l'austérité
Le chef du gouvernement espagnol affiche une position plus proche de la chancelière allemande que du président français, espérant convaincre l'Allemagne de la nécessité d'une intervention de la BCE
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Daily Mail
Wigan Athletic lead Premier League season ticket prices
Wigan and West Brom are leading the way as most Barclays Premier League clubs try to help fans beat the recession. Latics chairman Dave Whelan has slashed season-ticket prices by up to 13.5 per cent.
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Fortune
CBO: Fiscal cliff likely to cause recession
Trillions of dollars in looming tax hikes and spending cuts set to take effect next year would likely cause a recession, the Congressional Budget Office said Tuesday.
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WSJ
CBO Warns About 'Fiscal Cliff'
The U.S. economy will likely enter another recession in the first half of 2013 if large tax increases and spending cuts are allowed to go into effect in January, the CBO said.
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Washington Post
CBO: Taxmageddon would throw U.S. back into recession
Tax hikes and spending cuts set to take effect in January would suck $607 billion out of the economy next year, plunging the nation at least briefly back into recession, the nonpartisan Congressional Budget Office said Tuesday.
Read full article >>
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AP
CBO warns of US falling off 'fiscal cliff'
WASHINGTON (AP) -- A new government study says that allowing Bush-era tax cuts to expire and a scheduled round of automatic spending cuts to take effect would probably throw the economy into a recession....
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ElPais
OECD sees Spanish economy in slump for next two years
Over quarter of workers to be out of a job in 2013, organization predicts. Spanish government needs measures such as higher VAT, report says
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Al Jazhera
Eurozone crisis 'threat' to global economy
OECD reports says eurozone economies will shrink further which will increase the chances of recession and unemployment.
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Washington Post
Germany holds out against euro bonds on eve of E.U. summit on region’s debt crisis
BERLIN — European leaders are set to descend on Brussels on Wednesday for a showdown over suggested drastic remedies for the region’s debt crisis, even as fresh signs emerge that Europe’s escalating woes could plunge the region into a recession capable of undercutting the global economic recovery.
Read full article >>
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Huffington Post
Martin Usborne: What It's Like To Be A Dog During The Recession (PHOTOS)
My Name is Moose is a book about what it's like to be a dog in the recession. It's also a book about how to enjoy the simple stuff in life - dogs are our masters when it comes to living freely and easily.
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Irish Times
Irish people still saving for rainy day
Despite the doom and gloom of the recession Irish people are still managing to put money away for a rainy day, according to the latest KBC Bank Ireland savings barometer.
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AP
Eurozone warned 'severe recession' looming
PARIS (AP) -- The 17-country eurozone risks falling into a "severe recession," the Organization for Economic Cooperation and Development warned on Tuesday, as it called on governments and Europe's central bank to act quickly to keep the slowdown from dragging down the global economy....
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Telegraph
Britain may need to cut VAT or National Insurance, says the International Monetary Fund
Britain should consider cutting VAT or National Insurance if the recession continues, the International Monetary Fund has warned.
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Telegraph
Gap years 'dying out' as students scramble for jobs
Traditional gap years are dying out as record numbers of students prioritise the search for graduate jobs during the recession, according to research.
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Le Point
Régions: récession en Lorraine et en Picardie, faible croissance ailleurs
La Lorraine et la Picardie devraient entrer en récession cette année, tandis...
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USA Today
College graduates enjoy best job market in years
The class of 2012 is leaving U.S. colleges with something that many graduates since the start of the Great Recession have lacked: jobs.
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China Daily
Crisis of capitalism shows need for solidarity
Today it is becoming increasingly apparent that what we are dealing with is not just a recession, but a crisis of the existing capitalist system itself.
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BBC
Calls to mental health lines rise
Mental health charities say they have seen a surge in calls to their helplines since the start of the recession.
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politico
Goolsbee defensive on Obama deficits
Austan Goolsbee found himself on the defensive Sunday over President Barack Obama’s failure to get the deficit under control.
The former chairman of the Council of Economic Advisers, in a debate on "Fox News Sunday" with House Budget Committee Chairman Paul Ryan (R-Wis.), was asked to respond to a 2008 clip of Obama promising to cut the deficit in half by the end of his first term.
“Look, I don...
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Daily Mail
Latest figures expected for growth and price rises may show signs of 'stagflation'
This combination of economic stagnation and high inflation, coming soon after the first double-dip recession since 1975, would suggest there might be a return to the calamitous performance of the Seventies.
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Daily Mail
Property sells for millions and supercars fly out of showrooms: This economic crisis makes less sense by the hour
MICHAEL HANLON: America teeters on the brink of another recession - yet vulgar flats and luxury cars are changing hands for fortunes. These are odd times.
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New York Times
In Spain, Jobless Find a Refuge Off the Books
As the recession deepens, more workers are getting by on the black-market economy that amounts to as much as a fifth of the country’s gross domestic product.
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WSJ
Wal-Mart's Strength in Austerity
The U.K.'s dip back into recession has been a blow to most businesses in Britain. But not Wal-Mart Stores.
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Hindustan Times
Spain falls into recession as EU gears up for crisis talks
Spain tumbled into recession and European stock markets fell on Thursday as Greece installed a crisis government to tackle its crippling debt and top EU leaders prepared for crisis talks.
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WSJ
BOE Official: No Case for More QE
The U.K. is unlikely to need another dose of central bank stimulus unless "worrying" tensions in the euro zone threaten to plunge its economy back into a deep recession, a senior Bank of England official said.
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Daily Telegraph
Spain in recession amid European drama
SPAIN has tumbled into recession as Greece installs a crisis government to tackle its crippling debt.
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Reuters
Spanish recession bites, may be prolonged
MADRID (Reuters) - Spain officially slipped in to recession in the first quarter, final figures confirmed on Thursday, leaving the country threatened with a prolonged slump as the turmoil-wracked euro zone struggles to balance austerity with growth.
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Irish Times
Czech politician arrested on bribery charges
PRAGUE – Czech police have charged a leading opposition politician with bribery, a high-profile case at a time of rising public anger at the level of political corruption and an economic recession deepened by budget cuts and tax increases.
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New York Times
Spaniards Go Underground to Fight Slump
As the recession deepens, more workers are getting by on the black market economy that amounts to as much as a fifth of the country's gross domestic product
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siliconindia
India Ranked 46th in Trade Logistics Performance
Global trade logistics performance slowed down over the last two years amid the global recession, but India and others that pursued aggressive reforms continued to improve, according to the World Bank.
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Times LIVE
Italian economy plunges further
Fresh data yesterday showed that a recession in Italy, the eurozone's third-largest economy, deepened in the first quarter and Moody's agency slashed the ratings of its top banks.
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National Post
If Iceland adopts the loonie, Greenland could soon follow: economist
To restart an icy economy and free its citizens from strict Soviet-style money controls, all Iceland needs is a single planeload of Canadian dollars, a pair of Iceland economists told a packed Bay Street conference room Monday afternoon
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WSJ
More Real-Estate Loans Default in Europe
European commercial real-estate markets are struggling with a sharp increase in mortgages falling into trouble, just as more European countries slip back into recession.
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FT
Germany: model citizens
The economic juggernaut has helped the eurozone to avoid a technical recession
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euronews
Croissance nulle pour l'économie de la zone euro au premier trimestre
L'économie de la zone euro a évité de peu la récession au premier trimestre et cache toujours d'importantes disparités entre les différents pays…
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USA Today
Eurozone avoids recession in Q1, thanks to Germany
Germany, Europe's biggest economy, posted 0.5% growth thanks to strong exports.
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BBC
VIDEO: Eurozone economy avoids recession
The eurozone has narrowly avoided returning to recession after recording zero growth in the first three months of the year, figures have shown.
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CNN Money
Europe dodges recession
Stronger-than-expected growth in Germany was enough to help the European Union and the 17-nation eurozone avoid falling into recession for the second time since 2009 in the first three months of this year.
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BBC
Eurozone economy avoids recession
The eurozone avoids returning to recession after recording zero economic growth in the first three months of the year, figures show.
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Irish Times
German first quarter growth 'robust'
Germany's economy confounded expectations by posting robust growth in the first quarter of the year while France could summon up none at all and Italy slid further into recession, data showed today.
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Reuters
Euro zone economy avoids recession but split grows
BRUSSELS (Reuters) - The euro zone just avoided recession in early 2012 but the region's debt crisis sapped the life out of the French and Italian economies and widened a split with paymaster Germany.
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AP
France's economy fails to grow in 1st quarter
PARIS (AP) -- France's economy failed to grow in the first quarter of the year, according to data released Tuesday, raising concerns that the country could be heading toward a recession....
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news.com.au
Dollar gets a boost from German growth data
THE Australian dollar rose back above parity with the US dollar after it got a boost in late afternoon trade on official data showing Germany avoided a recession.
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La Voix du Nord
L´Allemagne fait un pied-de-nez à la récession
L'économie allemande a fait un pied-de-nez à la récession qui touche plusieurs de ses partenaires européens et sauvé la mise à la zone euro toute entière en rebondissant de 0,5% au premier trimestre, bien plus que prévu, selon des chiffres préliminaires publiés mardi.
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The Nation
Human disaster of unemployment
DEAN BAKER & KEVIN HASSETT
The American economy is experiencing a crisis in long-term unemployment that has enormous human and economic costs.
In 2007, before the Great Recession, people who were looking for work for more than six months - the definition of long-term unemployment - accounted for just 0.8 per cent of the labour force. The recession has radically changed this picture. In 2010...
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BBC
Euro industrial output falls back
Industrial production in the eurozone fell by 0.3% in March, figures show, fuelling concerns that the bloc has returned to recession.
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Times of India
In UK, women want to be nuns to beat recession
More and more number of women are opting to become nuns in wake of recession. Figures are up by 66% on last year as women of all ages are ready to give up sex, drink, shopping and worrying about making ends meet to spend their days in silence, praying for hours on end.
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Reuters
Monti warns of tears in Italy's social fabric
ROME (Reuters) - Italy's social fabric is being torn by recession and tensions are growing among its citizens, Prime Minister Mario Monti said on Sunday.
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White House
Weekly Address: Congress Must Act on “To-Do List”
In this week’s address, President Obama called on Democrats and Republicans to come together and act on his Congressional “to-do list,” which will create jobs and help restore middle class security. In this make-or-break moment for the middle class, these five initiatives have bipartisan support and will help create an economy that is built to last. While some believe we should return to the...
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Irish Times
Gathering to promote Ireland all next year
A TOURISM initiative to entice people with Irish connections to visit next year will help lift Ireland out of recession, Taoiseach Enda Kenny has said.
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Le Figaro
Aucune coalition ne s'est formée en Grèce
Le dirigeant socialiste Evangélos Vénizélos a reconnu son échec à former un gouvernement de coalition, après les tentatives avortées des dirigeants du parti de Gauche radicale Syriza et de la Nouvelle-Démocratie.Articles en rapportLa France compte 69,5 millions de clients mobileLe patrimoine de Hollande évalué à 1,17 million d'eurosAreva condamnée après la mort par cancer d'un employéLa zone eu...
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Barrons
Market Rises as Strong Consumer Sentiment Outweighs Bank Woes
After stock futures slipped in pre-market trading, equities have gradually bounced back, particularly after the University of Michigan-Thomson Reuters released results of its consumer sentiment survey. The survey showed consumers are more optimistic than at any time since January 2008, the month after the recession began. The overall confidence reading rose to 77.8 in May [...]
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USA Today
GOP rips Obama on 'forgetting' recession
On the campaign trail, everything you say can be held against you.
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Reuters
For Spain Inc, recession spells selloffs and lower payouts
MADRID, May 11 (Reuters) - Want to know how bad things can
get in corporate Europe? Ask a Spanish CEO.
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Times of India
Haryana babus to travel 'cattle' class only
Touted as one of the most economically developed states in the country, Haryana also appears to have been smitten by the recession bug.
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Los Angeles Times
U.S. manufacturing's next phase
Our cities are poised to be the incubators for new American factories.Perhaps the only silver lining to the Great Recession is that it triggered a new focus on manufacturing in the United States. After 25 years of being sold a shiny vision of a service-dominated post-industrial economy, the U.S. is rediscovering how important it is to actually make things in order to spur innovation, raise wage...
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physorg
Many US families are underwater with debts: study
As the country emerges from the Great Recession, a substantial number of U.S. families are underwaterand not just with their mortgages.
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Mail & Guardian
US economy key to re-election for Obama
The worst of the recession is over, unemployment is on the right path, decisive action has been taken on a foreign field but Obama is still lost.
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Irish Times
Conservatives suffer election losses
British prime minister David Cameron's Conservatives suffered heavy losses in local government elections as voters punished the government for unpopular austerity measures that failed to avert a double-dip recession, early results showed today.
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Telegraph
Far right on the march as austerity fuels racism, Europe warns
Austerity policies, the eurozone debt crisis and the wider economic recession is fuelling racism and the rise of the far-right, Europe's human rights watchdog has warned.
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Nikkei
U.S. Stocks Fall On Spanish Recession, Lackluster Data |
Le Figaro
L'Espagne retombe en récession
L'activité a reculé de 0,3% au premier trimestre par rapport à fin 2012. C'est légèrement mieux qu'attendu, mais le douloureux redressement des finances publiques devrait enfoncer le pays dans la crise.
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TechCrunch
Just-Eat Just Raised Another $64M From Vitruvian, Index, Greylock For Online Food Ordering
The UK may have just entered a double-dip recession but that doesn't seem to have trickled down to how consumers are spending money on take-out food -- and the companies that are building businesses around that. The UK-based online food ordering site Just-Eat has picked up a third round of funding totaling $64 million, its biggest yet, to further build out its online food ordering service.
The...
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WirtschaftsWoche
Shadow ECB Council: Recession ahead - Council criticises excessive austerity
At the meeting of the Shadow ECB Council on 26 April 2012 a large majority recommended a cut of the ECB’s main refinancing rate to compensate for the negative growth effects of fiscal austerity.
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New York Times
In Hopeful Sign, Health Spending Is Flattening Out
The slowing of the growth rate is partly explained by the recession, but evidence suggests that changing behavior of health care providers and consumers also partly accounts for it.
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THE GLOBE AND MAIL
Moncton on top after surviving recession, government austerity
City has lured small business, 5,000 new jobs in four years
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euronews
Chômage record dans une Espagne qui plonge dans la récession
Quasiment un actif espagnol sur quatre est sans emploi. 24,44% selon les chiffres officiels. Il s'agit tout simplement de la plus mauvaise…
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China Daily
Slowdown lies ahead: Moody's
China's economic growth will slow to 7.5 to 8.5 percent this year and next, as a eurozone recession curbs exports, Moody's Investors Service said.
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FT
Monti hits at eurozone austerity push
Italian PM says the policies are shrinking Europe’s economy and, without new growth measures, could deepen a double-dip recession
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Irish Times
Homeless charity sees rising demand
The homeless charity Focus Ireland has seen a sharp rise in demand for its services and has warned that it is stretched to the limit because of the recession.
|
FOX
Poll: 83 Percent of Voters Think US Still In Recession
FOX NEWS POLL: 51 percent of voters disapprove of Obama's performance, as 83 percent say US still in recession Perry Endorses RomneyFOX NEWS POLL: Obama, Romney Tied in Poll 2012 Elections TrackerShould Taxpayers Pay for Obama Swing State Travel?
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CNN
Analysis: Fighting a double-dip recession, as Europe goes, so goes Obama
President Obama's opponents like nothing more than tying him to a socialist Europe, the bogeyman of today's American right. Whatever the merits of their claims policy-wise, they might be onto something from a campaign perspective.
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Liberation
Le Royaume-Uni replonge dans la récession
L'opposition travailliste accuse le plan d'austérité du gouvernement Cameron, jugé bien trop drastique.
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USA Today
More Mexicans returning home, fewer immigrating to U.S.
In a historic reversal, Mexican immigration to the U.S. has tumbled since the recession began and more are returning home.
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New York Times
State Tax Collections Pass Highs From Before Recession
Despite the important milestone, huge challenges remain, as states’ populations and the cost of providing services have continued to rise.
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Pravda
Europe suffocates in unemployment
In early 2012, many analysts were predicting the imminent resumption of the recession in Europe. Against the backdrop of the worsening debt problems of Greece and Spain, the economic performance indicators in the EU for the first quarter were not the best. Now, the united Europe is threatened by a new attack: unemployment growth does not stop
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NEWS.au.com
Market to open down on euro nervousness
THE Aussie market looks set to open lower following news on Italy's recession and reports Spain's bad loan ratio is at an 18-year high.
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AP
Scorching talk: Romney, Obama battle over economy
CHARLOTTE, N.C. (AP) -- Their battle joined, challenger Mitt Romney savaged President Barack Obama's handling of the economy on Wednesday while the commander-in-chief commiserated up close with victims of the recession and warned that Republicans would only make matters worse....
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BoingBoing
Austerity is Europe's mutual suicide-pact
Laurence Lewis's Daily Kos editorial, "The cruel stupidity that is economic austerity," is a blazing indictment of austerity as a means of recovering from recession, and it cites experts and statistics showing that austerity programs (in Europe, particularly) are deepening the recession, destroying lives, and demolishing vital social institutions that are especially needed in economic [...]
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Daily Mail
The Madonna generation: Women over 50 defy recession to boost working numbers
There are 200,000 more women aged 50 to 64 in work than at the start of the recession in 2008, compared to just 3,000 more men in jobs
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lesoir
Le FMI annonce la fin de la récession en Belgique
Le FMI et les investisseurs belges ne prévoient pas de récession cette année. Mais le Fonds monétaire international table sur une croissance nulle. ...lire la suite
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Mashable
Dog Vacay, the Airbnb for Dogs, Is a Hit in New York
A new site called Dog Vacay helps traveling dog owners find local homes for their pets while they’re away by providing Airbnb-type listing…
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FT
Ireland shifts focus to woo manufacturers
Lower costs in the wake of the recession has aided a drive to attract back traditional industry following its neglect in the Celtic Tiger boom
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Daily Telegraph
World trade growth to weaken: WTO
GLOBAL trade growth will further slow as the EU fights recession and even China's dynamic growth loses pace
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Foreign Policy
The G-20 Is Failing - By Edwin M. Truman
World leaders said they'd reform the
world's financial institutions in the wake of the Great Recession, but they
haven't met their commitments. We all may pay the price.
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siliconindia
Jack Canfield's E + R = O
by Vasudevan Vasudevan Jack Canfield’s E + R = O
E+R = O (Event+ Responses= Outcome), a formula of Jack canfield, american motivational speaker, author of the Chicken Soup for the Soul, an 8 million copies seller in 41 languages, a formula for all who want to succeed in spite of a recession and create the life of one’s dreams, caught my attention in one of the dailies detailing an inter...
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BBC
Aid fall tied to financial crisis
Richer countries' aid for developing nations has fallen for the first time since 1997 as a result of the global recession, the OECD says.
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Times of India
S&P: Europe should pull out of recession in late 2012
Although the current recession in Europe will probably extend into the third quarter, we believe the economy may pick up modestly late this year and in 2013, said Standard & Poor's today in announcing the publication of its report "No Fast Lane Out Of Europe's Recession."
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Barrons
VOD: Devenport Cuts to Hold on European Malaise
Drake Johnstone of Davenport & Co. today cut his rating on shares of Vodafone Group (VOD) to Neutral from Buy, and cut his price target to $30 from $32, writing that Europe’s recession and an EU mandate for carriers to cut roaming and interconnection fees will push down revenue this year. Johnstone models Vodafone revenue [...]
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The Sun
Ibrahim inspired by the three R's
FORMER Stone Roses guitarist Aziz Ibrahim's second album was inspired by racism, recession and riots
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SI
Ian Thomsen: Once decimated Hornets franchise now one of NBA's most promising
NEW ORLEANS -- The hurricane and the oil spill hit five years apart. At various times the team had neither a permanent home nor an owner. The best players wanted to leave, the league was locked out and the country was in recession.
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Los Angeles Times
Villaraigosa says L.A. must lay off 'a large number of people'
L.A. Mayor Antonio Villaraigosa said he will call for layoffs of city employees as part of the budget he proposes next month.
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THE GLOBE AND MAIL
Chinese factories slump, euro zone business wilts
Manufacturing in China weakens for fifth month; factory surveys signal euro zone will not avoid recession
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Barrons
Can the U.S. Road Runner Avoid the Fiscal Cliff?
The present path leads to renewed recession. But there's hope in Fed policy and possible compromise.
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The Lancet
[Perspectives] Defending democracy and the National Health Service
The dismantling of the National Health Service (NHS) and of the welfare state proceeds apace. The historic settlement of 1948, born of the recession of the 1920s and 1930s and the carnage of World War 2, is being picked apart systematically by the UK's Coalition Government, which ironically includes the remnants of the Liberal Party that played such an important part in building the foundations...
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Amnesty International
Spain’s economic recession must not lead to human rights crisis
Headline Title:
Spain’s economic recession must not lead to human rights crisis
16 March 2012
The Spanish authorities must ensure the country’s economic difficulties do not result in a human rights crisis, Amnesty International’s Secretary General Salil Shetty said as he conc...
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TMZ
Gary Dourdan: My Bank Screwed Me Over
Gary Dourdan says the bank that holds his mortgage is flagrantly violating his legal rights and demonstrating heartless indifference to people caught up in the recession ... and he's ready to prove it to a judge.Dourdan just filed a lawsuit --…
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Reuters
Appalachia banks on natural gas, chemical plants
WHEELING, West Virginia (Reuters) - In George Vacheresse's lifetime, Appalachia has fallen from its prime when steel mills and coal mines anchored middle-class communities and offered hope there always would be enough work to go around. In this historically poor region nestled in the misty mountains of the eastern United States, most steel mills shut down long ago and the coal workforce has shr...
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The New Yorker
James Surowiecki: New cars, housing, and economic recovery.
The story of America’s recovery from the recession has been one of dashed hopes. In early 2010, and again early last year, the economy looked as if it might be starting to grow under its own power, only to slow markedly in the months that followed. So what . . .
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Barrons
Nascent Steel-Price Recovery
Steel prices got whacked in the recession. But with steel makers trimming down their debt and costs, the sector, and prices, should emerge stronger by 2013.
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New York Times
Dire Poverty Falls Despite Global Slump, Report Finds
A World Bank report shows that the global recession, contrary to economists’ expectations, did not increase poverty in the developing world.
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AP
Franco, Cornish among those with films at Tribeca
NEW YORK (AP) -- This year's Tribeca Film Festival will feature many domestically oriented movies that deal with contentious contemporary issues, from the recession to James Franco's artistic antics....
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Daily Mail
Skiing holidays: In St Moritz the 'double-dip' isn't a recession - it's two bowls of £3,500 caviar
Ignore the platinum-card shoppers, £40,000 lunches and horseracing on ice - the skiing at this swish Swiss resort is amazing, says Brian Viner and is doesn't always have to cost an arm and both legs.
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La Voix du Nord
Nouveau pacte de discipline budgétaire : déjà les premières difficultés...
Avant même qu'il entre en vigueur, la vertu budgétaire que ce traité entend imposer est mise en question par la conjoncture économique de plus en plus dégradée et la récession en cours en zone euro.Articles en rapportVingt-cinq pays membres signent un nouveau pacte de discipline budgétaireUne brève respiration européenneL´aide humanitaire stoppée à HomsLE VISAGEClaude Guéant fait un lien entre ...
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New York Times
Books of The Times: ‘The Escape Artists,’ by Noam Scheiber
In his new book, Noam Scheiber argues that in-fighting and Lawrence H. Summers kept President Obama from doing enough for the economy during the recession.
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Times of India
Oil price rise raises spectre of global recession
As oil prices start to respond to supply problems, the correlation is evaporating, and the global economy is already paying a high price.
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Rolling Stone
Exclusive Stream: Bruce Springsteen's New Song 'Shackled And Drawn'
/p> Bruce Springsteen's new album Wrecking Ball focuses on characters whose lives were destroyed by the recession The country-folk stomper "Shackled and Drawn" has lyrics that could have almost come from the Woody Guthrie songbook "Gambling man rolls the dice workingman pays the bill/ It’s still fat and easy up on banker’s...
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Les Echos
Italie: pas besoin de nouveau plan d'austérité assure le chef du gouvernement
[[365602]] MILAN (Italie) (AFP) : Le chef du gouvernement italien, Mario Monti, a assuré lundi, que l'Italie n'aurait pas besoin d'un nouveau plan d'austérité, même si la récession durait dans le pays. "Si la récession dure, si la situation de l'économie réelle ne s'améliore pas (...) non, il n'y...
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The Sun
Bruno Mars booms in the recession
STAR says getting short-changed when converting dollars in London inspired one of his top songs, Billionaire
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Washington Post
Editorial Board: Locking down drunk drivers in Virginia
THE NUMBER of Americans killed in traffic accidents has plummeted in the past couple of decades, thanks to safer cars, wider use of seat belts, public awareness campaigns, better laws and enforcement and, most recently, reduced mileage among younger drivers, a byproduct of the recession. Among the most encouraging trends has been a dramatic drop in alcohol-related traffic deaths, which account...
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Irish Times
Building society, one village at a time
Living in an eco village is about more than embracing a set of ideals during a recession, say residents of Cloughjordan – especially if it means finding a better and less expensive way to live
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Science Daily
Medical debt keeps rising, new report shows
A comprehensive new report on health insurance shows the so-called Great Recession caused hundreds of thousands of Californians to lose coverage and acquire medical debt.
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The Sun
Transfer window hit by recession
PREM bosses spent more than £65m in January as the transfer window closed
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omg
Ratings: Undercover Boss Gets Biggest Audience in a Year; Kardashians Set Series Record
Maybe because it qualifies as fantasy fare in the Great Recession, Undercover Boss grabbed its biggest audience since January 2011, according to Nielsen overnights
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Le Echos
Crise de la zone euro : le jeu des sept erreurs
Le répit constaté ces temps-ci sur les marchés financiers marque-t-il le début d'une stabilisation de la crise de la zone euro ? Ou n'est-il qu'une parenthèse, que la plaie infectée de la dette grecque et la récession vont rapidement refermer ? Bien malin qui pourrait le dire. Ce qui est certain,...Articles en rapportUne rupture inachevéeObama et la feuille d'impôt du « King of Bain »Nous, le p...
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Mail & Guardian
One in three workers live in poverty
World needs to create almost 600-million jobs in order to tackle unemployment caused by recession.
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Reuters
UPDATE 1-Economic gloom hits 3i companies' earnings
LONDON, Jan 26 - Private equity firm 3i Group
said it had seen softening earnings in some of its portfolio,
giving a clear signal that euro zone worries and the threat of
another recession is...
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THE GLOBE AND MAIL
Its all about Europe, IMF warns in global outlook
Continents handling of its debt crisis will determine if world slides into another recession, financial watchdog says in annual report
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THE AUSTRALIAN
Local growth won't offset recession
WITH Australia now entering its 20th year of continuous economic growth, there is a temptation to imagine the country is bullet-proof.
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USA Today
Hotel spas slow to recover during recession
Hotel spas had deeper declines in revenues and profits than actual hotels did in 2008 and 2009.
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science blogs
The Wealth and Poverty of Nations (and Neighbors) [Casaubon's Book]
This is a revised version of a post that appeared three years ago, towards the start of the recession. It seems just as relevant, maybe more relevant, now.
A while back there was a study that suggested that it is more expensive to be poor in the US in some ways, than it is to be rich. And to anyone who has actually been poor, this probably made perfect sense. Among the ways that be...
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Reuters
Analysis: Europe's telcos no haven with the wolf at the door
PARIS (Reuters) - Europe's telecom shares have long been seen as safe houses when the wolf is at the door, but recession, fierce competition and costly network upgrades are huffing and puffing at their capacity to pay generous dividends.
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AllThingsDigital
Who Says Intel Is Weak? Just Look At Those Crazy Numbers!
Think Intel is a has-been? The numbers tell a different story. It is at the height of its powers.
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Irish Times
Croke Park revenues manage to hold up
CROKE PARK stadium revenue has been hit by recession but its core business managed to hold up in the first full year without rugby and soccer internationals.
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Daily Telegraph
GLOBAL UNCERTAINTY: Australian recession fears as jobs dry up
THE Aussie economy is at a crossroads, spooked by a crisis not seen since Paul Keating's "recession we had to have".
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Daily Telegraph
Gripped by recession fears as jobs decline
THE Australian economy now finds itself at the crossroads, spooked by a jobs crisis not seen since Paul Keating's "recession we had to have".
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THE AUSTRALIAN
Eurozone on 'brink' of recession
THE European single currency area is on the verge of recession, says eurozone finance ministers president Jean-Claude Juncker.
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Le Figaro
La France menacée de récession en Europe
Pour l'avant-dernière journée de qualification, Toulouse et Clermont ont leur destin en main. Biarritz, lui, est dos au mur. C'est en revanche déjà terminé pour les autres : Castres, Montpellier et le Racing
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AP
CES gadget show gets record number of exhibitors
LAS VEGAS (AP) -- The trade group that puts on the International Consumer Electronics Show in Las Vegas says it has hit a record number of exhibitors this year, as the industry continues its rebound after the recession....
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Mail & Guardian
IMF says Europe could avoid recession this year
Christine Lagarde says the eurozone might avoid a recession in 2012 as there have been massive changes over the last 18 months.
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Irish Times
Fall in asylum seekers linked to recession and tougher controls
IRELAND HAS lost its appeal as a haven for asylum seekers, with a fall of one-third in the numbers coming here to seek protection last year.
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Reuters
Book Talk: Thomas Frank on the Great Recession
NEW YORK (Reuters) - Author Thomas Frank has seen the future and he doesn't think many Americans will like it.
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New York Times
Sunday Observer: The Recession Squeeze On Buses and Trains
Though more Americans are sensibly leaving their cars at home and opting for the bus or train, mass transit is still in deep financial trouble.
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Telegraph
Popularity of Angry Birds makes for an appy Christmas
The mobile phone technology sector escaped the biting recession this festive season with the help of the millions who filled their virtual stockings with the latest apps.
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lesoir
L’Arabie annonce un excédent budgétaire de 80 milliards de dollars
Alors que la récession pointe en Europe, le royaume saoudien, premier exportateur mondial de brut, a dégagé en 2011 un excédent budgétaire record de 81, 6 milliards ...lire la suite
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Technology Review
Innovation During a Recession
A five-member panel of venture capitalists and entrepreneurs describes how to invest and start companies during a recession--and why now might be the best time to bring new technologies to market.
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Times of India
It’s Santa vs Saint
Merry Christmas, readers. What a strange season to be jolly and go ‘ho ho ho’ ! If we are looking for fireworks on New Year’s Eve, we’ll get them! But for now, let’s see what Santa Sonia has lined up for us in her bag of goodies. Oops! Isn’t her customary Santa sack really tiny? More like a knapsack than a bulgingwith-gifts bag one associates with a generous, large-hearted Mother Christmas. Let...
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Slashdot
Why the Occupy Movement Skipped Silicon Valley
An anonymous reader writes "Eric Schmidt says what we all suspected: Silicon Valley has largely been immune to the Great Recession. He said, 'Occupy Wall Street isn’t really something that comes up in daily discussion, because their issues are not our daily reality. We live in a bubble, and I don’t mean a tech bubble or a valuation bubble. I mean a bubble as in our own little world.... Companie...
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Times of India
US economy gaining momentum as global growth slows
The US economy is gaining momentum and should push through next year with only a few bruises despite an almost certain European recession and slower global growth.
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The Jerusalem Post
Vote for the top business story of 2011
Shortlist: Avoiding a recession, the summer of discontent, the Ofers Brothers scandal, Stanley Fischer runs for head of the IMF and Israel's tycoons renege on their bonds’ debt.
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UN
Fiscal austerity measures driving global economy towards recession - UN
Fiscal austerity policies being implemented by countries are driving the global economy towards a recession, the United Nations trade and development body warned today, stressing that greater attention should be paid to high unemployment, which it called a more pressing problem than budgetary deficits.
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The Nation
Humanitarian crisis simmers in Greece
ATHENS (AFP) - Poverty has severely worsened in Greece under a gruelling recession exacerbated by austerity measures, swelling the ranks of the unemployed, the homeless and the destitute, experts said Saturday.We have noticed a dramatic increase in our mess halls over the recent period, added Chrysostomos Symeonidis, head of the Athens archdiocese poverty fund. We distribute over 10,000 meal...
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The Nation
Sundaram warns of double-dip recession
OUR STAFF REPORTER
ISLAMABAD - United Nations Assistant Secretary General Prof Jomo Kwame Sundaram Wednesday said that the coordination at global level does not exist and even G20 has not made any progress for the reformation of system in this regard, therefore there is need a sustained and concentrated…
Visit: http://www.nation.com.pk for full story
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Entertainment Online
Hold On to Your Hairpieces, Hairspray's Nikki Blonsky Lands Job at Salon!
Nikki Blonsky totally gets that when times are tough, you gotta do what you gotta do. We are in a recession after all, so how recessionista fab is it that when the acting gigs stopped rolling in,...
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The Jerusalem Post
'European crash would cause 5-10 year recession'
Finance minister says Israel preparing for "difficult scenario"; announces India trip to boost exports to developing world.
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dlisted
You Know The Recession Is A Real Thing When Even The Queen Gets A Pay Freeze
Prince Hot Ginge can no longer tiptoe into his grammy's bed chambers in the middle of the night to sneak a few quid (I'm speakin' British!) out of the pocketbook she clutches onto when she sleeps, because there's not going to be anything in there anymore! The sport of extreme couponing is calling The Queen's name, because her pay for being THE QUEEN!!! has been frozen until 2015 a...
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Russian Government
The meeting with heads of United Russia’s regional public reception offices
“The Russian government continued to increase pensions and social benefits throughout the recession. We have minimized unemployment: it is even below pre-crisis levels now. None of the developed economies can boast these achievements.”
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Reuters
As recession lingers, well-heeled hit resale stores
(Reuters) - While many retail stores are working hard to lure holiday shoppers in the midst of bad economic times, a long-ignored corner of the market is on track to keep spirits high.
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Le Monde Diplomatique
La Russie en voie de dépeuplement
Natalité en berne, forte mortalité, peur des immigrants... La Russie fait face à une récession démographique confirmée par le recensement de 2010. Ce phénomène donne la mesure du traumatisme lié à l'effondrement de l'Union soviétique. / Russie, URSS, Démographie, Enfance, Femmes, Immigrés, Inégalités, (...)
/ Russie, URSS, Démographie, Enfance, Femmes, Immigrés, Inégalités, Migrations, Protect...
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New York Times
2010 Carbon Dioxide Output Shows Biggest Jump Ever
Global emissions of carbon dioxide from fossil-fuel burning jumped by 5.9 percent, upending the notion that a decline during the recession might persist.
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Le Figaro
Récession
Récession [ré-sè-ssion] n. f. Situation qui fragilise une économie sur le point de céder. Ce mot fait tellement peur que la langue française ne lui a pas prévu de verbe, comme pour tenter de le neutraliser. Récéder n'existe pas....
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euronews
Zone euro : l'OCDE prévoit une contraction de l'économie en 2012
L'économie des pays développés comme celle des émergents ralentit, la zone euro semble engagée dans une légère récession à mesure que se propage la…
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Daily Telegraph
Eurozone drags down economies
THE eurozone crisis is now one step away from plunging advanced economies into an abyss of recession, the OECD has warned.
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Telegraph
Recession-beating five-year TV deal binds Celtic and Rangers to SPL
Scottish League beat recession with £80m agreement but Rangers and Celtic must play four times.
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euronews
Raz-de-marée bleu en Espagne: le jour d'après
Passée l'euphorie de la victoire, la réalité des faits revient au galop. L'Espagne est au bord de la récession, et Mariano Rajoy devrait annoncer…
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TheDomains
Stocked.com Sells For $11K On NameJet.com & SkiBoats.com Sells For Less Than AsianChat.com + More
Quite a few single word domains sold on Namejet.com this week and non of the prices seemed to high. Stocked.com led the way off of our sheet selling for just $11K. Looks like the recession maybe starting to hit the wholesale aftermarket in a big way. Here are some of the domain name sales we [...]
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APA-OTS
Banks: Substantial Growth in EU Offshore Wind Power Investments =
Brussels, November 16 (ots/PRNewswire) -
As Europe faces the danger of recession, one industry is planning
massive growth.
The European offshore wind industry is set to more than triple its
annual investments over the next decade - creating jobs,
manufacturing and construction ...
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Salon
When the recession breeds kitchen creativity
Nicole’s appearance does nothing to dispel my fear. She’s lean and healthy-looking, and her intense blue eyes feed my suspicion that I’m in the clutches of a health fanatic. I contacted Nicole because I’d heard good things about her date chèvre truffles and her pork tamales. For some reason, it never occurred to me that truffles and tamales could be part of a health agenda; I’d already committe...
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Reuters
NATO optimistic on U.S.-Europe defense ties
BRUSSELS (Reuters) - The head of NATO says he remains optimistic about U.S.-European defense cooperation, particularly in missile defense, in spite of the risk of massive new U.S. budget cuts and fears of recession in Europe next year.
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Rolling Stone
How the GOP Became the Party of the Rich
The nation is still recovering from a crushing recession that sent unemployment hovering above nine percent for two straight years The president mindful of soaring deficits is pushing bold action to shore up the nation's balance sheet Cloaking himself in the language of class warfare he calls on a hostile...
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The Jerusalem Post
Europe’s woes make way across the Mediterranean
North Africa’s Arab Spring economies - Tunisia, Libya, Egypt - face new blow if EU slips into recession.
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THE GLOBE AND MAIL
Ottawa to test viability of auto sector
Assessing effect of new recession on sector would lay groundwork for another round of bailouts
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THE GLOBE AND MAIL
What recession? Profits, greed and gifting thrive in TV land
While the disenfranchised occupy financial districts around the globe, profits are peachy in the broadcasting world
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National Post
Earthquake knocks Japan into recession
Japan’s economy shrank much more than expected in the first quarter and slipped into recession after the triple blow of the March earthquake, tsunami and nuclear crisis hit business and consumer spending and tore apart supply chains
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DnJournal
Enom/Moniker Go Live on the AfternicDLS + Rob Grant Gives Gift Baskets a Recession Worthy Twist
Last Christmas Rob Grant got a lot of press with his timely Recession Wreaths website. The tongue in cheek site offered wreaths decorated with cut up credit cards and pink slips! Well, this Christmas Grant is at it again with a new faux ecommerce platform at RecessionGiftBaskets.com!
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Scientific American
U.S. to rely less on oil for energy by 2035: EIA
By Tom Doggett and Ayesha Rascoe WASHINGTON (Reuters) - U.S. oil demand through 2035 is not expected to return to the peak levels reached before fuel consumption fell sharply due to high petroleum prices and the recession, the head of the Energy Information Administration said on Monday. [More]
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Foreign Policy
Liveblogging the Obama presser
There are many quadrennial rites of occasion -- the Olympics, the World Cup, the, er... [C'mon, you need one more!!--ed.] the Quadrennial Defense Review [Nice save!--ed.]. And, of course, the first post-inauguration press conference. Your humble blogger will be covering it live by updating this post quite frequently. 8:00 PM: I'll be watching this on CNN, ...
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Fortune
Phone forecast calls for sales decline in 2009
By Scott Moritz
With clouds of economic gloom darkening the tech horizon, mobile phone sales - a former bright spot in the gadget world - look to be slowing.
Tech buyers went away early this fall, and as recession fears intensified, orders have continued to dry up.
There have been a number of ominous signs. First Cisco (CSCO) slashed its outlook and froze hiring. Then Wall Street analysts slash...
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# |
Countries |
MIX |
| 1 | United States | 47.199 |
| 2 | India | 27.185 |
| 3 | United Kingdom | 10.991 |
| 4 | Canada | 3.505 |
| 5 | France | 2.070 |
| 6 | Portugal | 2.000 |
| 7 | Brazil | 1.720 |
| 8 | Spain | 1.710 |
| 9 | Germany | 1.635 |
| 10 | Australia | 1.600 |
| 11 | Argentina | 1.340 |
| 12 | Italy | 1.330 |
| 13 | Finland | 1.050 |
| 14 | Philipines | 0.970 |
| 15 | Mexico | 0.900 |
| 16 | Singapore | 0.560 |
| 17 | Austria | 0.537 |
| 18 | Netherlands | 0.505 |
| 19 | Turkey | 0.505 |
| 20 | Switzerland | 0.460 |
| More Countries >> |
# |
Media |
MIX |
| 1 | Dainik Bhaskar | 11.200 |
| 2 | Dainik Jagran | 8.800 |
| 3 | CNN Editions (International) | 3.600 |
| 4 | CNN | 3.000 |
| 5 | The Sun | 2.500 |
| 6 | WALL STREET JOURNAL USA | 2.000 |
| 7 | Navbharat Times | 2.000 |
| 8 | USA Today | 2.000 |
| 9 | AARP Bulletin | 1.500 |
| 10 | CBC | 1.360 |
| 11 | CNBC | 1.340 |
| 12 | San Francisco Chronicle | 1.200 |
| 13 | foxnews | 1.200 |
| 14 | Dailymail | 1.200 |
| 15 | Whats on TV | 1.040 |
| 16 | The Independent | 1.000 |
| 17 | La repubblica.it | 1.000 |
| 18 | El Pais | 1.000 |
| 19 | lemonde | 1.000 |
| 20 | newsweek | 1.000 |
| More Media >> |
# |
Languages |
MIX |
| 1 | English | 71.320 |
| 2 | Hindi | 22.600 |
| 3 | Spanish | 4.193 |
| 4 | Portuguese | 3.720 |
| 5 | German | 2.672 |
| 6 | French | 2.630 |
| 7 | Italian | 1.290 |
| 8 | Finnish | 0.650 |
| 9 | Dutch | 0.505 |
| 10 | Turkish | 0.505 |
| 11 | Greek | 0.305 |
| 12 | Arabic | 0.270 |
| 13 | Polish | 0.270 |
| 14 | Chinese | 0.210 |
| 15 | Russian | 0.210 |
| 16 | Romanian | 0.210 |
| 17 | Korean | 0.180 |
| 18 | Danish | 0.120 |
| 19 | Norwegian | 0.120 |
| 20 | Czech | 0.090 |
| More Languages >> |
# |
Lists |
| 1 | Test list |