Posts tagged Recession
Entire America is into cost cutting these days. We see how people have reduced their expenditures, significantly in order to comply with the economy crisis. Then many big and small businesses have joined these cutbacks. Did we leave anybody out there? Oh, yeah! The government. We have recent news that Obama has ordered his cabinet to figure out cost cutting measures. So, the government is also joining the… ...>Continue reading
Though there is a significance decline in home prices, the home sales are still not showing positive numbers. There is no supporting customer demand or consumer confidence, to the lower home prices. Thus, it is still not possible for the housing sector to recover from the recession.
However, there were some places in US, which showed growth in home sales. In addition, there are some places… ...>Continue reading
The airlines industry has been hit very hard by the economy crisis. The two largest airlines of the nation have reported huge losses for this quarter.
According to the sources, the AMR corp. saw increase in its losses, as a continuation with the losses it faced the previous year. The losses of fourth quarter were reported to be $340 millions. With this report on losses, the… ...>Continue reading