Wednesday 19 September 2012

Global Economy in Twilight Zone as Stocks Suggest Growth1

Greece: recession will have shrunk economy 25 pct
The Seattle Times
Greece's economy will have contracted by 25 percent by the time the recession ends, the finance minister said Tuesday, as the government remained locked in talks with rescue lenders for its next major austerity program. Yannis Stournaras made the ...
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Affordable Care Act Trumps Recession's Impact on Health Insurance Coverage
Huffington Post
Overall, the rate and number of people without insurance coverage dropped in 2011 for the first time since 2007, in spite of the recession, contrary to most expert predictions (which were based on the assumption that loss of employer supported ...
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Metro Birmingham economic recovery from recession 3rd worst in the nation ...
The Birmingham News - (blog)
BIRMINGHAM, Alabama-- Birmingham's job market has seen slower growth than all but two of the nation's largest cities since the recession that began in late 2007, and the overall recovery has been slow and mixed, according to an analysis by the ...
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The Birmingham News - (blog)
Worrying About the Next Recession
As the economic recovery drags on in excruciatingly slow fashion, one thing should concern the country: we're in no position to handle another economic shock. Just as a family overburdened by mortgage debt would be ill-equipped to withstand an economic ...
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Household Income Today Is Lower Than It Was During The Recession
Business Insider
A new Pew poll spearheaded by economist Rakesh Kochhar shows the median American income is now lower than it was during the recession. In 2009, the year the GreatRecession ended, the median income of U.S. households had been $52,195 (in 2011 ...
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Business Insider
Despite Recession, Blow-Dry Bars Heat Up
Voice of America
“We opened up during recession time," Hasson says. "It actually helped us in a way, a lot. Because women who were going and getting their hair done once a week and paying $70 were now able to go and get their hair done twice a week and pay $70.
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US Trade Deficit Falls 12%, Aided by Cheaper Oil Imports
New York Times
The debt crisis in Europe has pushed much of the region into recession. Europe accounts for about one-fifth of American export sales. And growth has slowed in other major export markets, including China, India and Brazil. The current account deficit ...
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Global Economy in Twilight Zone as Stocks Suggest Growth1
The world economy is sliding into a “twilight zone,” trapped between outright expansion and renewedrecession. “It could go either way,” said Joachim Fels, chief economist at Morgan Stanley in London, who coined the description in an Aug. 15 report.
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The Recession Finally Hits The Mascot Sector
SB Nation (blog)
The United States has certainly fallen on tough economic times. This is probably why the NHL and their Players' Association are currently struggling through a lockout. All those being-able-to-skate-backwards jobs being shipped overseas and whatnot. But ...
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Random Thoughts: When Did Recession Become Public Enemy Number One?
We used to talk about this a lot on Minyanville—The Anatomy of a Recession—and that was four years ago! While the S&P (^GSPC) is roughly 140 points higher since those thoughts were first shared, we're left to wonder what the cumulative cost will be ...
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