February 2nd, 2008... ...Read More...
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US GDP Definiton & Formula
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output for a given country’s economy. GDP is defined as the total market value of all final goods and services produced within the country in a given period of time (usually a calendar year). It is also considered the sum of a value added at every stage of production (the intermediate stages) of all final goods and services produced within a country in a given period of time, and it is given a money value.
The most common approach to measuring and understanding GDP is the expenditure method:... ...Read More...
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List of Bankrupt Airlines
This is a current list of Airlines who have entered protection and filed for Chapter 11 bankruptcy from 2002 to the present.... ...Read More...
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Recovering from Job Loss During Recession
Do you remember Forrest Gump’s words? “…it happens”. Many unpleasant situations do happen in our everyday life. What do psychologists advise if you wake up unemployed and don’t know what will happen tomorrow?... ...Read More...
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California Government Issues IOUs
California’s lawmakers failed to agree on a balanced budget by the start of its new fiscal year on Wednesday morning, clearing the way to suspend payments owed to the state’s vendors and local agencies, who instead will get “IOU” notes promising payment.... ...Read More...
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U.S. Q3 Foreclosures Highest Ever
Despite concerted government-led and lender-supported efforts to prevent foreclosures, the number of filings hit a record high in the third quarter.... ...Read More...
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Worse Recession Since 1930′s
Former U.S. Federal Reserve Chairman Alan Greenspan said on Tuesday the current global recession will “surely be the longest and deepest” since the 1930s and more government rescue funds are needed to stabilize the U.S. financial system.... ...Read More...
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UK Inflation Rate Falls Most Since at Least 1997
The U.K.’s inflation rate had the biggest drop in at least 11 years in October as oil and food costs fell and the economy slipped toward a recession.... ...Read More...
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US & Global Auto Sales Down
Despite agressive discounts from major automakers U.S. automotive sales dropped 41% in February, the lowest level for the month since 1967.... ...Read More...
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How to Survive The Time Recession
In our modern world we are to understand that we are taking another decisive step to the so-called notion of recession. This slow down in the economy does not seem to be unexpected as such downturns are the result of the processes that take place in the world economy from time to time. Some scientists declare that the changes occur every 15 years. These recessions and expansion periods are the regular habit of the economic development.... ...Read More...
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