Recent Posts Tagged With 'recession'

• Peter Schiff - Gets in More Trouble

  Posted on Friday December 5th, 2008 at 07:14 in money, finance, cnn, recession, bailout, predict, peter schiff

  CNN hosted Peter Schiff again, during the interview Peter says what he thinks about the bailouts. He’ saying that people need to work for the money, and we have to work hard.  A “bailout”  won’t fix everything. Peter Schiff ...

• US in Recession, for 1 year now?

  Posted on Monday December 1st, 2008 at 11:38 in monday, expansion, recession, nber, december 2007, national bureau of economic research, bcdc, business cycle dating committee

  According to the National Bureau of Economic Research, the official source in determination of a recession, the US has been in a recession since December 2007.   The NBER site is currently running very slow (guess why?) but CNN Money has an article ...

• A letter to the future, The “Great Crash”

  Posted on Wednesday November 19th, 2008 at 06:27 in finance, cnn, recession, great crash

  CNN has an article, a letter really, The ‘Great Crash’ in the history books.  The author writes to his children (in the future) about what was going through his mind in and around this crash we are experiencing. It is very well put toget...

• Recession in the worlds second largest economy, Japan.

  Posted on Monday November 17th, 2008 at 09:56 in japan, Germany, international, tokyo, european union, japanese cars, gdp, recession, stimulate, gross domestic product, second-largest economy, export growth

  “Japan, the world’s second-largest economy, has officially slipped into recession, hurt by weak export growth and steep cuts in corporate spending amid the worsening global slowdown.”   Breakdown:   GDP (Gross domestic product) shrank at a...

• Citigroup — to cut jobs by 14%, 50,000 jobs lost

  Posted on Monday November 17th, 2008 at 07:50 in finance, corporate, unemployment, citigroup, subprime, recession, job cut, jobs lost

  Bloomberg.com reports Citigroup’s Pandit to Reduce Headcount by 50,000, Cut Expenses. After many other job cut announcements, Fidelity cuts 1300 jobs (and many more job cuts), here comes a big one.  Citigroup announces that it will reduce expe...

• Retails sale see record decline in October.

  Posted on Friday November 14th, 2008 at 10:44 in finance, unemployment, decline, recession, retails sale

  As the United State is heading into recession sales data shows a decline of 2.8% in October from September with a 4.1% decline form October 2007. Consumers are faced with plunging stocks, rising unemployment and general concern about the state of the...

• Starbucks earns $332.80 per STORE in Q3 ‘08

  Posted on Wednesday November 12th, 2008 at 10:41 in finance, corporate, starbucks, recession, sbux

  Starbucks (NASDAQ:SBUX 9.40 on 11/12/2008) has reported total earnings of $5.4m.  That is generated from 16226 outlets worldwide. In real numbers, that is $332.80 generated in the last 3 months, on average, at a store.   Suddenly going and spendin...