recession

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Gas and oil fuel cities to rebound

Jun 27, 2012
Metros with high-tech, manufacturing and reviving housing sectors also recover faster.
Posted In: New Orleans, cities, recession, recovery

Recession wipes out family net worth, but not income

Jun 12, 2012
A new report from the Federal Reserve shows that the median net worth of the American househeld is down 40 percent since 2007 and income is down 7 percent.
Posted In: income, net worth, Federal Reserve, recession

Hesitant outlook for small business owners

Jun 12, 2012
The index of Small Business Optimism fell by a tenth of a percent last month, but small businesses that weathered the recession may finally be beginning to hire.
Posted In: Small Business, recession, net worth

Rising use makes food stamps a target

Jun 6, 2012
The recession has boosted the number of Americans on food stamps to 44 million.
Posted In: Wealth and Poverty, food stamps, Economy, recession

Mayor of Stockton tries to avoid city bankruptcy

Jun 5, 2012
The city of Stockton, California, population 291,000 is trying to avoid becoming the biggest U.S. city to go bankrupt during this economic downturn.
Posted In: california, bankruptcy, Housing, recession

Portugal's banks get $8 billion bailout

Jun 4, 2012
Today three big banks in Portugal were forced to draw on $8.25 billion worth of European Union bailout money to weather the current financial storm. Portugal has been slogging through very tight budgets in order to be eligible for money like this.
Posted In: Portugal, Europe debt crisis, recession

Economic woes go global

Jun 4, 2012
May's jobs reports has worried investors worldwide about their short-term prospects. But there are more acute fears of a global slowdown, caused by what’s going on in Europe and emerging markets.
Posted In: jobs report, U.S., Economy, recession

Law firm Dewey & LeBoeuf files for bankruptcy

May 29, 2012
Dewey & LeBoeuf, one of the largest law firms in the country, filed for bankruptcy last night after months of financial turmoil and partner defections.
Posted In: bankruptcy, Law, recession

History and pedigree do not guarantee survival for Dewey

May 29, 2012
Dewey & LeBoeuf filed for bankruptcy protection last night. In the last half century, large corporate law firms have enjoyed an enormously lucrative run. Although in the last four to five years revenue has flattened out.
Posted In: bankruptcy, Law, recession

A week of economic woes and Facebook fizzle

May 25, 2012
In the last week, we've heard of a possible Greek exit from the euro, a U.S. debt ceiling showdown, HP layoffs, and a Facebook stock lawsuit. How does this news affect our psyche and what stories should we focus on amid all the turmoil?
Posted In: Facebook, debt ceiling, recession, austerity, France

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