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Recession News

Study: Recession caused more than 10,000 suicides

A study taking in data from all over the developed world says that the economic recession may have led to more than 10,000 people taking their own lives across more than 24 countries.

Op-Ed: Only $ will solve VA hospital problems

Washington - There is no issue in the United States where hypocrisy plays as big a role as the failure to care for wounded and ill veterans. It's a job for triage.

Barry G Hartman on why Warren Buffett is the financial fireman Promoted

As the stock market took a free fall in 2008, Goldman Sachs knew they needed help. They had to boost capital and build up confidence as their shares plummeted. They called upon the Oracle of Omaha, also known as Warren Buffett, for a hand.

UK manufacturing, industrial output and construction stagnates

British manufacturing, industrial output and construction have fallen sharply in the UK, putting on hold any sign of the country coming out of an economic slump any time soon.

Blackberry to cut 4,500 jobs

In an attempt to address considerable financial losses, Blackberry has announced it is planning to cut 4,500 jobs, equal to 40 percent of its worldwide workforce.

Op-Ed: Interest rates should be determined by market, not central banks

Washington - Since the collapse of the United States economy at the height of the Great Recession in 2007 and 2008, consumers and governments have given interest rates a bad reputation. Is it wrong to blame them?

New study show recession linked to maternal misbehavior

The recession has negatively impacted society in a number of ways; increased unemployment, smaller paychecks, and high levels of insecurity. Now we can add another thing to the list: episodes of maternal misbehavior.

Mentally ill people 'hit hard by recession'

The economic recession across Europe has had a major impact on people who suffer from mental health issues, according to research from King's College London.

Croatia joins the EU amidst economic recession and unemployment

Zagreb - As the country endures its fifth year of recession and record unemployment of 21%, Croatia will be officially recognized as the latest, brand-new EU member as at midnight on Sunday.

US: Fears of deep economic recession as fiscal austerity looms

Washington - Liberal analysts are warning that a deep recession could follow implementation of spending cuts and that the experience of Europe points to the significance of government spending in a weak economy.

The state of British retail: 1 in 10 shops empty

As an indication of the state of the economy the British high street is at one of its lowest ever levels, with one in ten shops and retail units standing empty.

Spain vows to stop eviction of neediest after suicides

On Monday, Spanish Economy Minister Luis de Guindos vowed that no needy family would have to go homeless over mortgage arrears.

Op-Ed: Recession leads to steep decline in Canadian quality of life

Waterloo - The Canadian Well-being index shows that since the onset of the recession between 2008 and 2010, the quality of life deteroriated by 24%. Canada's GDP, in contrast, declined by only 8.3% during the same period.

Europe closer to recession as GDP declines in second quarter

Brussels - The EU Statistical Office, Eurostat, reports that in the second quarter of this year GDP shrank 0.2% compared to the previous quarters. The decline was both in the Eurozone and the 27 member European union.

Major loss for drug company Orexigen

New York - The drug company Orexigen Therapeutics, which specializes in anti-obesity drugs, saw a further profits loss as it declared its second-quarter results.

Minimum standard of living beyond majority

Increasing numbers of British people have insufficient income to meet minimum requirements to participate in society, claims new study.

Spain slips back into recession

On Monday April 23, the Bank of Spain, confirmed that the country had slipped into recession for the second time in two years, with estimates that GDP fell 0.4 percent in the first quarter of 2012.

America's apartment shortage: Why there isn't enough to go around

If you've been apartment hunting in the last few months in the U.S., you've probably noticed that many apartments seem overpriced. And with good reason: America is currently experiencing something of an apartment shortage.

Review: America — Home of the homeless

Last night, the BBC 'Panorama' programme sent its reporter Hilary Anderson to interview people who are living under canvas and worse in the land of the free and the home of the brave.

AstraZeneca to cut 7,300 jobs worldwide

London - The international pharmaceutical company AstraZeneca PLC has announced that it will cut 7,300 jobs based on its prediction of a tough year head and in the context of the global economic outlook.

Good news for US economy

The U.S. economy looks to be on the up, according to crucial new figures that have just been released, with unemployment falling and more jobs being created.

Will Britain end up in a recession?

Technically speaking a recession can be defined as two or more successive quarters of negative GDP growth. The UK's fourth quarter of 2011 has revealed a small contraction and now the government will be pressured to report a small rise in Q1 of 2012.

Valuable UK Hepworth sculpture stolen, melted into scrap metal

London - A valuable sculpture by the artist Barbara Hepworth has been stolen. Police believe that the work of art has been melted down and sold as scrap metal. This is a further example of widespread metal theft in the U.K.

U.S. foreclosure rate rose 7% in October, set to continue rising

Washington - A U.S. foreclosure listing firm has released a study which indicates the U.S. foreclosure rate jumped 7 per cent in October alone, with 230,678 new properties affected. And the number is set to continue its distressing rise.

Op-Ed: Confessions of a trader – Goldman Sachs rules the world

Alessio Rastani is handsome, intelligent, charismatic, extremely expensively dressed, and dreaming of a big stock market crash so he can make money off your misery.

Op-Ed: Investment managers share expertise with Hult Business School Special

San Francisco - Despite the recessionary economy, some investment and financial experts remain steadfast that investments still need to be made and that garnering returns is important, among such are Berkeley Investment Advisors.

Op-Ed: Two Down (Europe, USA), One to Go (China)

In an effort to sanitize humungous export proceeds, China amassed trillions of dollars worth of foreign exchange reserves, mostly invested in American treasury bonds, creating a dangerous exposure to the US dollar.

Want to purchase a town? Scenic, South Dakota selling for $799k

Scenic - As the global economic collapse continues, the recession seems to have hit some towns harder than others in the United States. A small town, formerly a "cowboy town," in South Dakota is selling for $799,000

US Mayor's Conference - no good news until 2020 for some

The non-partisan United States Conference of Mayors has issued a report with a mixed bag of good news and bad news for Metro areas. The bad news is very bad news.

Phil Gramm: Obama's growth discount holding US economy back

Economist and former Republican Senator Phil Gramm detailed the shortcomings of President Obama's economic recovery in an opinion piece published in the Wall Street Journal on Friday.
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Recession Image

People are reflected in the lens of a pair of Liquid Image Apex HD camera goggles  capable of video ...
People are reflected in the lens of a pair of Liquid Image Apex HD camera goggles, capable of video and still photography, at the annual Consumer Electronics Show (CES) in Las Vegas, Nevada
With permission by Reuters / Robert Galbraith
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Untitled
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This beautiful landscape is the better side of Pocatello s offerings in terms of natural beauty  ref...
This beautiful landscape is the better side of Pocatello's offerings in terms of natural beauty, reflecting the hope and the quality that people of the town cherish.
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Along with the closeout merchandise and surplus merchandise markets  the returned merchandise and li...
Along with the closeout merchandise and surplus merchandise markets, the returned merchandise and liquidation industry generates over $100 billion dollars in revenue annually.
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Standard & Poor s Headquarters in Lower Manhattan  New York City  New York (55 Water Street)
Standard & Poor's Headquarters in Lower Manhattan, New York City, New York (55 Water Street)
B64 / wikipedia
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A map showing some areas of the world that were damaged by the recession.
A map showing some areas of the world that were damaged by the recession.
23prootie via Wikimedia
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A store advertising its sales
A store advertising its sales
the justified sinner
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The campaign asked homeless people to write down something about themselves that people wouldn t kno...
The campaign asked homeless people to write down something about themselves that people wouldn't know by just walking past them.
Rethink Homelessness
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LaDawn sees Baker as the kind of town that has some resistance to change  in that it doesn t even ha...
LaDawn sees Baker as the kind of town that has some resistance to change, in that it doesn't even have a Walmart.
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Eastern Oregon University is located in La Grande  Oregon a small town in the eastern section of the...
Eastern Oregon University is located in La Grande, Oregon a small town in the eastern section of the state, where professors and others are unable to move because of the economy, exacerbating political and social conflicts.
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A  help wanted  ad in a newspaper
A "help wanted" ad in a newspaper
bjmccray
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