recession

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A recession is an economic downturn that lasts for at least six months, but does not have the duration and severity of an economic depression. Recessions are typically accompanied by increases in unemployment and a decline in the stock market.

Unemployment increases as college graduates enter the job market and cannot find jobs, employees are laid off due to reduced business sales, companies go out of business voluntarily, or go bankrupt. With the increase in unemployment, consumers ability to repay loans declines, home foreclosures increase, and personal bankruptcies rise.

You will find bloggers writing about recessions at sites like the Huffington Post and the Economix blog in the New York Times.

Causes and cures for specific recessions vary greatly. A February 23, 2010 column by Eugene M. Grant in the Huffington Post, proposed tax credits on investments in business to stimulate the economy. Meanwhile, a March 3,2010 column from the Wonk Room argued that the 6 billion energy efficiency rebate program proposed during the second year of the Obama administration would help rebuild the "Tool Belt" economy.

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  • What Drove a Sudden, Steep Drop in Black Unemployment? Nobody Knows


    ColorlinesAuthority Authority: 129
    When the Labor Department released the January unemployment rate last week, there was finally some good news to celebrate--and some news that seemed almost too good to be true. Black unemployment saw its steepest drop since the recession began, dipping more than two points. Apparently, that happy improvement was ...
    19 hours ago
  • US jobs gap between young and old is widest ever


    Long Island Business NewsAuthority Authority: 528
    Squeezed by a tight job market, young Americans are especially struggling. They have suffered bigger income losses than other age groups and are less likely to be employed than at any time since World War II.An analysis by the Pew Research Center, released Thursday, details the impact of the recent recession on the ...
    20 hours ago
  • Recession fears ease as manufacturing rebounds strongly


    The Guardian - guardian.co.ukAuthority Authority: 962
    Economists say new figures add to evidence the UK could post at least some growth this quarter and avoid recession UK factories enjoyed much stronger output growth than expected in December and Britains trade gap narrowed, boosting hopes recession could still be averted. Manufacturing output rose five times faster ...
    22 hours ago
  • Many people hesitate to begin a company once the economy


    Technology in The LifeAuthority Authority: 130
    Many people hesitate to begin a company once the economy is ailing. They like to hang about until situations are okay before going for it. It’s a good preventive measure. However, you will find benefits of getting a startup inside a recession. Listed here are the very best five… 1. Mobile marketing appears ...
    1 day ago
  • Economix Blog: Simon Johnson: Mean-Spirited, Bad Economics


    NYT > TheaterAuthority Authority: 862
    Punishing the long-term unemployed by refusing to extend benefits is bad economics and cruel social policy, an economist writes.
    1 day ago
  • Mean-Spirited, Bad Economics


    EconomixAuthority Authority: 715
    Punishing the long-term unemployed by refusing to extend benefits is bad economics and cruel social policy, an economist writes.
    1 day ago
  • Pew Study: Young Adults Optimistic Despite Underemployment


    Politics BlogAuthority Authority: 129
    There’s a tepid optimism brewing in this country. The latest jobs report showed an economy in recovery–a sluggish recovery but still a recovery–and now new numbers from the Pew Research Center suggest even those hardest hit are finding bright spots. The study focused on the impact of the recession on young ...
    1 day ago
  • ‘Express’ Licence Launched for New Businesses in Spain


    Spanish Property NewsAuthority Authority: 411
    Spanish Economy Minister, Luis de Guindos, this week announced the introduction of a new law which abolishes the necessity for pre-authorisation when opening small businesses in Spain, and welcomed the launch of the ‘Express’ licence, already implemented by Madrid President, Esperanza Aguirre, in November. With ...
    1 day ago
  • Printing Money Doesn’t Work in Britain Either


    Light from the RightAuthority Authority: 112
    The long-awaited  announcement  of another bout of money printing in England on this Thursday will prove once again that experience doesn’t modify behavior on the other side of the pond either. The initial round of money expansion, called Quantitative Easing (QE) in the States, of some $320 billion last year in ...
    1 day ago
  • UK’s recovery path ‘is worse than that of Great Depression’


    This Is GuernseyAuthority Authority: 150
    RECOVERY from the recession and the global financial crisis in the UK has been more sluggish than it was after the Great Depression of the 1930s.
    1 day ago
  • Why we need more banker bashing | Sunny Hundal


    The Guardian - guardian.co.ukAuthority Authority: 962
    Banks are the biggest scroungers of public money – solutions will not simply materialise if we dont keep up the pressure I have a confession to make: I wanted to be a banker once. While arming myself with a degree in economics, I dreamed of working at an investment bank arranging mergers and acquisitions. The ...
    3 days ago
  • European Equities Underperforming Credit As Sovereigns Stable


    ZeroHedgeAuthority Authority: 798
    Overnight excitement from the RBA (no rate cut) and concerns at Chinas GDP growth given a European recession did nothing to initially slow risk markets early on as they reached up to yesterdays highs as ES (the e-mini S&P 500 futures contract) and BE500 (the broad Bloomberg equity index for Europe) pushed higher ...
    3 days ago
  • Ask the Chefs: “How Do You See the Economy Factoring Into Publishing Decisions These Days?”


    The Scholarly KitchenAuthority Authority: 541
    Economic pressures are driving change. The Chefs weigh in on the options, and clearly believe that while times are challenging, the best course is to keep moving ahead. Continue reading »
    4 days ago
  • On State Capitalism


    Info InkAuthority Authority: 113
    College of Political Knowledge My readers know that I spend an inordinate amount of time trying to explain and make complex theories more palatable to the average working stiff…..and I hope that I succeed in some small way so that we all can make more informed decisions in our political thinking…… State ...
    4 days ago
  • Greece poised for further spending cuts


    Thaindian NewsAuthority Authority: 533
    Athens, Feb 6 (IANS/RIA Novosti) Greek Prime Minister Lucas Papademos and leaders of the country’s political parties have agreed to further cut spending by 1.5 percent of GDP, the Greek government’s press service said.Greek political leaders and representatives of international lenders met Sunday for ...
    4 days ago
  • Revisiting the Great Depression


    Progressive News DailyAuthority Authority: 135
    by Robert J. Samuelson The Wilson Quarterly **NOTE** The Wilson Quarterly’s Home Page is HERE . I seriously suggest you check out buying a subscription to their magazine. I’ve been reading it for two years and it gets my attention cover to cover every edition (Shameless plug not paid for) – JS The ...
    4 days ago
  • IMF’s Lagarde praises Saudi role, no word on aid


    Dubai Business | KippreportAuthority Authority: 540
    In a statement at the end of her trip, Lagarde expressed “the IMF’s appreciation for Saudi Arabia’s important role in supporting the global economy, including its commitment to stabilise the oil market and its active participation in both international financial institutions, such as the IMF, and global economic ...
    4 days ago
  • Unemployment drops to 3 year low: Can Obama be beaten ?


    Kong SauceAuthority Authority: 128
    Capturing bin Laden and a recovering economy is bad news for the GOP.
    5 days ago
  • What Recession? How Biomedical Device Companies Thrived in a Bad Economy


    Frost MagazineAuthority Authority: 418
    New Study Reveals the Secrets to this Industry’s Success during an Economic Downturn The biomedical devices industry grew, invested, and prospered from 2007 to 2009, flouting an overwhelming trend that saw many of the world’s largest companies collapse during the worst economic climate since the Great Depression. ...
    6 days ago
  • Weaving A Safety Net for Animals


    Animal Welfare BlogAuthority Authority: 117
    Yet another collective gasp was likely heard around the globe when the Associated Press reported the debt downgrade of five euro zone nations by Fitch Ratings. For those who are concerned about the welfare of animals, a new alarm sounded. The question is raised: will conditions for unwanted animals go from marginal or ...
    6 days ago

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