Blog Detail

The Ailing Economy

http://www.ailingeconomy.com/

covering the unraveling international financial crisis and its impact on unemployment, looming depression, failing banks, and bankrupt companies

• Added on: Nov 22nd, 2008
• Country: United States
• Language: English

• Author: Dmitry
• Listed in: Global Economics Finance
• Tags: depression bankruptcy unemployment recession layoffs unemployment rate

Recent Posts

• Out to lunch…

  Posted on Sunday January 25th, 2009 at 10:13 in blog, Economy, bankruptcy, unemployment, world economy, ailing economy

  I believe I made a strategic error when I tried to launch two economic websites simultaneously. For now, I think that I’ll be focusing the bulk of my development efforts on the Bankruptcy Meter, as I most definitely haven’t got the time t...

• Shipping grinds to a halt as global economy weakens

  Posted on Thursday January 15th, 2009 at 01:16 in Economy, trade, shipping, shipping rates, global trade, world economy, baltic dry index, sea freight, bdi, ailing economy

  In an unprecedented turn of events, shipping rates from Asia to Europe have actually fallen BELOW operating costs. This means that it is basically not possible for shippers to make money on cargo voyages. At least the Somali pirates can’t possi...

• Citi-Morgan merger to yield job loss

  Posted on Sunday January 11th, 2009 at 14:02 in brokers, banking, citigroup, morgan stanley, job loss, mergers, lost jobs, smith barney, corporate layoffs, shittygroup

  Seven to ten thousand may be let go in the aftermath of the proposed sale of Smith Barney brokerage (Citigroup) to Morgan Stanley, mostly from back office functions, reports the Guardian. The move will lead to huge cost savings and substantial job lo...

• Is Boeing bust?

  Posted on Sunday January 11th, 2009 at 13:46 in airlines, Economy, manufacturing, jets, boeing, unemployment, layoffs, job loss, job cuts, lost jobs

  As orders of new airplanes, especially commercial liners fell sharply in 2008, the manufacturer Boeing is looking to realize some cost savings (or something?) by decreasing headcount. Seattle Times reports on the Boeing job cuts where approximately 4...

• New government internship program launched to help unemployed graduates

  Posted on Saturday January 10th, 2009 at 16:33 in Economy, UK, internship, unemployment, recession, wpa, job loss, great depression, new deal, cwa, unemployment rate, national internship scheme

  Relax people, the situation is much worse than it looks. Economically speaking, where we’re all going, there ain’t no coming back from. In the meantime, I wanted to address an initiative by the UK government to help recent grads find some...

• Worst loss of jobs per year since 1945, highest jobless rate in 16 years

  Posted on Friday January 9th, 2009 at 20:56 in Economy, unemployment, schlumberger, recession, job loss, walgreens, unemployment rate, lost jobs, corporate layoffs, ailing economy

  As the news broke, the U.S. markets tumbled. Even now, over a year into the recession, it seems the pace of evaporating jobs is accelerating. At last, no one seems to have any idea at all about when we might hit the “bottom” of the “...

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