Economic Recession
French minister for Industrial renewal Arnaud Montebourg (C, right) is pictured during a press conference of the French President on May 16, 2013 at the Elysee Palace in Paris. President Francois Hollande holds a key press conference a day after his first anniversary in office was marred by news that France had fallen back into recession amid plummeting economic indicators. The Socialist leader, who is the most unpopular post-War president according to opinion polls, had pledged to turn back double-digit unemployment in Europe's second-largest economy this year, but that now seems highly unlikely.
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Quotes
The level of sales and pace is the best that we’ve seen since the middle of 2008, when the economy was just beginning to fall into the Great Recession.
I'm not suggesting we're on that kind of roll, but the public has begun to feel a little bit better after many years of the Great Recession ... If people are feeling better about the economy, not focused on bad economic times and not paying a great deal of intense attention to the controversies swirling about the White House here in Washington, all of that tends to insulate him a bit.
This coincides with the Great Recession. Many people are less likely to have children when they're experiencing economic troubles. Since most teen mothers are in or near poverty and come from disadvantaged backgrounds, it's not surprising that they would be especially likely to have fewer births during these difficult economic times.More quotes »
Newsday's coverage
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Editorial: Yonkers must do all it can to recoup losses
The City of Yonkers is on the hook for millions of dollars from a troubled loan program that was supposed to create jobs and spur economic development.Instead, the federal Section 108 Loan Guarantee program left a mess, thanks to sloppy bookkeeping, inad Read more »
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Futures dip as France slips into recession
(AP) -- Stock futures dipped Wednesday as another nation in Europe sank into recession and the economic contraction for the entire European Union stretched into its sixth straight quarter.With France's second consecutive quarter of shrinking gross domest Read more »
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SC visitor spending reaches record $16.5 billion
(AP) -- South Carolina's tourism industry has bounced back after the Great Recession with tourism spending reaching a record $16.5 billion, according to figures released Saturday by the state Department of Parks, Recreation and Tourism."We're pretty well Read more »
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Willem-Alexander becomes new Dutch king
Willem-Alexander became the first Dutch king in more than a century Tuesday and pledged to use his ceremonial position as head of state to help steer his country through uncertain economic times.The generational change in the House of Orange-Nassau gave Read more »
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European recession hits major car makers
(AP) -- Europe's stubborn recession cut deeply into profits at major automakers Ford, Volkswagen and Daimler , first-quarter results showed Wednesday as the industry began reporting earnings.Germany's Volkswagen AG said its first-quarter net profit fell Read more »
Around the web
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The case for 4% inflation
economy significantly. Recent history has demonstrated the problem of the zero bound. In response to the US financial crisis and recession, the Fed reduced its target for the federal funds rate from 5.25% in August 2007 to a range of 0 to 0.25% in December 46 m ago from Vox Read more »
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Vermont Unemployment Rate falls to 4 Per Cent for month of April
still very pleased to have the third lowest unemployment rate in the country.Vermont must build a workforce resilient to economic contractions; and education and job training for all workers are keys to this goal”, said Labor Commissioner Annie Noonan. The 48 m ago from The Northfield News Read more »
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Hard-hit region revitalized by RV sales
unemployment rate was once the highest in the nation above 20% four years ago now it's more than half that. in 2009 when the recession was at its worst keystone cutback to 1900 employees. now just four years later they employ 3,200 people, a record for the 7:47 PM from MSNBC Read more »
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Gold Coast Co.Space + Biz Dojo
- since the late1950s, it had been all the GC needed to survive, prosper and grow. But since the global financial crisis, recession and unprecedented unemployment (even for the lucky country), life became hard for a city that had solely relied upon its good 7:43 PM from Scoop - New Zealand News Read more »
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World Silicones Market
from recent historical trends, stimulated by an improved outlook for global manufacturing and construction activity from the recession-plagued 2007-2012 period, particularly in North America and Western Europe. Increases in silicone demand will also benefit 5:50 PM from PR Newswire Read more »
