Attached with the bailout of the FMs and the remaining institutions surely to follow will be a veiled warning to the American taxpayer: "we had to bail them out. If they go down the tubes, so does America!"
People in every sector fear they could be laid off at any second. Divorce rates are up; personal trainers are losing their clients. No one has the time or inclination to work out. The toll is unguessable.
Women have been disproportionately impacted by economic distress: they're the first ones to lose their jobs during cutbacks, and they're the primary caretakers for their families in cash-strapped times.
Just my luck, on Independence Day weekend, I'm suddenly dependent on family, friends and Unemployment Insurance.
Many of the wealthiest Americans aren't worried about the weakening economy at all -- they are actually excited about it.
The bubbles have burst. Our economy is sinking. Americans are looking for a new approach. The increase in the minimum wage points the way forward.
There was a strong trend of occupational desegregation, but the pace of that change slowed markedly in the 1990s.
The basic problem faced by the US economy right now is excessive debt caused by recklessly low interest rates from the Federal Reserve.
This debate has regrettably come down to a "Democrats want to talk badly about the economy in an election year while Republicans are the eternal optimists who love their country" line of thinking.
With the release of the latest GDP report, the possibility of a consumer lead recession just increased.
For many women, the cost of beautification has grown staggering. Every year ushers in a series of must-do rituals; every month the beauty industry se...
FDR had Big Business, Reagan had Big Labor, and my guess is that the new president inaugurated next January will have Big Finance.
From turning off the lights to using a fan to keeping the AC fine-tuned and humming, there are plenty of no-brainer ways to eco-nomize through the summer months.
I'm proposing a radical shift in rhetoric: Any stimulus package should focus on the poor and the unemployed, not because they spend more, but because they are most in need of help.
If hard times have already fallen on a majority of Americans, then "recession" doesn't seem to be a very useful term anymore.
Without the government stimulus we have no gain. Looking at the year over year percent change in personal real income we see a solid decline since July of last year. That's recessionary, plain and simple.
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The amateur porn sites are killing the pay for play porn sites because when the world is in a recession, all you can do is grin & bare it. Hard times are like that.
hehe you said hard
Is Phil Gramm investing?
What.................no pictures!
Regarding the whole thing about YouPorn. Is this news? Free porn sites on the Internet? I'm sort of being sarcastic, but I thought the Internet was made for porn. Is it not known by almost everyone who uses the Internet the free porn is ubiquitous there? Or am I, uh, a little too familiar with this subject than others?
Wash your paws before you go back to that keyboard. (filthy animal)
Having previously worked in the adult industry, I don't find it shocking that it's not "recession proof." Rather than being immune to economic downturns, vice-catering industries (pornography, alcohol, narcotics, tobacco) simply are "late to the party," so traditional forecasts misinterpret this as being unaffected. After Sept. 11, the adult bookstore where I worked saw an increase in business -- because, frankly, most of our customers probably thought it was the end of the world. However, as the economy weakened, our customer base decreased like that of mainstream stores' did. We cut staff and shortened our operating hours. Shortly afterward, while working as a copy editor at an adult-oriented, B2B magazine, I noticed the same trend: strong ad sales, increased subscriptions, impressive turnout and revenue from our conventions, and exponential growth within the online, adult-oriented industry. We were selling ads and booth rentals to businesses who could afford it. However, as their customer base stopped spending money, these adult businesses couldn't buy as many ads or have exhibits at our conventions. Our magazine, in turn, downsized its staff and offerings to stay profitable. Capitalism is an extremely interrelated practice, which technically isn't a bad thing. It only denotes that each of our industries is connected to another. Think of an island on which someone has the "Clap": Some may avoid it for a while, but everyone eventually will get it. The bright side is, just like our economy, they'll recover and be a little wiser, too.
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