BoJ upgrades view on economy Nov 21, 2009
TOKYO: The Bank of Japan (BoJ) upgraded its economic assessment yesterday, setting itself up for a confrontation with the government, which is growing more worried about deflation and the risk of another recession ... Government officials have criticised the BoJs view that the economy is starting to pick up as too rosy, arguing that the country could return to recession as job losses rise. (The Star Online, Malaysia -- Business)
Retail vacancies steady despite weak economy Nov 21, 2009
Late last year, amid the unfolding global financial crisis and the U.S. recession, Colliers had predicted that retail vacancies would rise to 5 ... "Our (retail real estate) market kind of skated through this recession so far," Hamasu said. (Honolulu Advertiser)
Pressure on selling Nov 21, 2009
Economic-wise, Malaysias recovery is trotting along, and AmResearch strongly believes that the recession has indeed passed its worst point. We estimate third-quarter gross development product to surprise the market, with a much better than expected contraction of -2. (The Star Online, Malaysia -- Business)
Slow recovery seen for state Nov 21, 2009
The report noted that lingering problems in the financial sector could weigh on the velocity of the state's return from a recession, but that a bright spot exists in the weakness of the U.S. dollar and the possibility that a stronger yen will result in higher Japanese tourist spending ... The report noted there is evidence that the U.S. recession has ended, but that consumer spending remains weak and unemployment will continue to rise in the next year. (Honolulu Advertiser)
Americans Save More but Earn Less as Rates Fall Nov 21, 2009
Economists say it could rise as high as 8 percent as households try to rebuild savings shredded by the recession. Yet all that saving isn't exactly paying off. (ABC News -- Wire)
ECB slows emergency cash support Nov 21, 2009
The eurozone emerged from recession during the third quarter ... Some economists have warned that the growth in the third quarter was purely driven by state aid, and fear the region will slip back into recession if it is removed. (BBC News -- Business)
Oregon, California should take lesson from this recession for the next one Nov 21, 2009
The Pew Center analyzed finances for the 50 states and pointed out the 10 states most brutalized by the recession ... The recession officially began in December 2007 ... That s a lesson we hope both states take to heart after this recession ends and before the next one shows up. (Klamath Falls Herald & News, OR)
Thanksgiving travel nightmare: Myth or reality? Nov 21, 2009
The recession actually sent rental-car prices up about 20 percent this year, said Clem Bason, president of the company that owns hotwire. com. (The Palm Beach Post)
Center stage Nov 21, 2009
As the community dealt with the recession, income last season was down sharply, with 25 percent drops in attendance and rentals, and a 39 percent drop in individual giving. Another $34,000 was written off in bad debt from unpaid sponsorships and pledges. (Klamath Falls Herald & News, OR)
Lee, Collier county golf clubs get face-lifts to attract players Nov 21, 2009
They stand on sturdy financial ground and instead of cutting back, they're forging ahead with expensive renovations they hope will attract new members after the recession, while rewarding existing members this winter ... With the end of the recession far away but at least in view, the mandatory-membership development chose to spend $1 million on renovations during the past year to enliven greens that had become small and malnourished ... Due to the recession, Hoyer-Booth says that some members... (The News-Press -- Sports)
Fears of US double-dip recession Nov 21, 2009
Financial Times FT.com. All times are London time. (FT.com -- Markets)
U.K. Shares Decline for Fourth Day on Concern Economy to Falter; Tui Drops Nov 21, 2009
The gauge has rebounded 50 percent from this years low on March 3 amid signs government stimulus policies and record-low interest rates are helping to drag the global economy out of recession. The fell 0. (Bloomberg -- UK)
DAX Index Declines for Second Day as Commerzbank, Deutsche Bank Retreat Nov 21, 2009
The measure has climbed 54 percent from this years low on March 6 as companies reported better-than-estimated earnings and the countrys economy unexpectedly exited recession. The broader lost 0. (Bloomberg -- Germany)
- Unemployment rate drops in El Centro metropolitan area 0 Nov 21, 2009
I blame that on the recession. He expects there to be more of an unemployment level drop in both November and December, he said. (El Centro Imperial Valley Press, CA)
No time like the present Nov 21, 2009
Recession does not deter women entrepreneurs - Washington Business Journal ... Recession does not deter women entrepreneurs ... Nicholas Griner Three strikes: Rachel Baliff did not let the recession, glass ceilings or financing challenges stop her from starting a consignment shop for children. (Washington Business Journal, DC)
Selling HD In Turbulent Times Nov 21, 2009
Some of the territories that have been really affected by the recession have been the West Coast and the Midwest. Fortunately, the Northeast and the Southeast are in very good shape. (Multichannel News)
Credit card Catch-22 Nov 21, 2009
In my life time we have always had cycles of good times and recession, but since deregulation, they have gotten more extreme. We have enjoyed the crash of 89, the dotcom bubble, the crash of 99, the real estate bubble, and the great recession ... Makes as much sense as the federal government trying to spend it s way out of a recession caused largely by too much consumer spending. (Atlanta Journal-Constitution -- Business)
Are metro Atlanta’s growth days gone? Nov 21, 2009
As bad as the recession has been for metro Atlanta, the biggest effect may be that the damage done will dampen growth for years to come ... Coming out of recession, it will take years to soak up the swollen pool of unsold homes and land jobs for the swelling group of unemployed ... Driven by easy money after the 2001 recession, an already robust housing market soared into the stratosphere, creating tens of thousands of jobs and pulling along the region s economy. (Atlanta Journal-Constitution -- Business)
Jobless hope to be store's holiday helpers Nov 21, 2009
Seasonal positions are priceless in a recession, but pickings will be slim ... This year, amid what many experts are calling a jobless recovery from the Great Recession, that s not the case. (Atlanta Journal-Constitution -- Business)
Events struggling with fees Nov 21, 2009
Sporting events are not the only ones dealing with city cost-cutting efforts tied to declining revenue spurred by the recession ... In 2009, despite the recession and consumer penny pinching, virtually every large U.S. marathon soldout or had a record field so there is still a strong demand for the product, Lamppa said. (Philadelphia Business Journal, PA)
Meidlinger fund seeks clean tech Nov 21, 2009
Venture capital funds historically have had their best performances when they were launched at the end of a recession, Brophy said. Most Read Stories. (Philadelphia Business Journal, PA)
Cargo projects rolling with efforts to deepen channel, expand shipping yard Nov 21, 2009
Some carriers expressed interest before the recession hit. Boost shipping. (Sacramento Business Journal, CA)
How to feed the world Nov 21, 2009
Despite a global recession and the largest grain harvest on record in 2008, food prices are heading up again. Still, countries have a brief window of opportunity in which to set long-term policy goals without being distracted by panic measures. (The Economist)
The Elkhart Project Nov 21, 2009
The recession is a sprawling national story, but its effects are local and personal. Few places have felt this more than Elkhart, Indiana,one of the earliest U.S. cities to fall into recession and one of the worst hit by job losses ... Immigrants, chiefly those here illegally, are particularly vulnerable as the recession lingers. (MSNBC -- Business)
Imposing limits Nov 21, 2009
All this will prove to be an unhelpful distraction from more important matters, such as trying to get Italy out of recession and to deliver much-needed economic and social reforms. Mr Berlusconi's supporters argue that introducing time limits will promote swifter justice. (The Economist)
College grads: Home for the holidays and beyond Nov 21, 2009
For Melissa, that question is the legacy of the recession as she rises one Tuesday morning in early fall and begins her day with the same routine that defined her adolescence ... We could offer sea stories about our experiences, trials and tribulations, and how tough it was during the recessionary times of the mid-70s, but that would probably go over like a turd in the punch bowl. (Atlanta Journal-Constitution -- Living)
Profile: Baroness Ashton Nov 21, 2009
In the role, she has led trade negotiations with China and other key powers, arguing the case for free trade in the face of the worst recession in EU history and amid creeping protectionism around the world. Varied career. (BBC News -- Europe)
He took a $0 paycheck to prevent staff layoffs Nov 21, 2009
In March, CNNMoney profiled people making personal sacrifices to help others during the recession ... He knew that things could get tough during the recession for a resort destination such as Vail Resorts, which has five ski and snowboard slopes in Colorado and Nevada ... In March, CNNMoney profiled people making personal sacrifices to help others during the recession. (CNN -- Money)
Stemming the tide Nov 21, 2009
Recession and aggressive fiscal stimulus have hugely swollen the federal deficit ... In spite of that, the economy has barely emerged from recession and unemployment is still rising, feeding speculation that more stimulus is needed. (The Economist)
Oil eases on stronger greenback Nov 21, 2009
Valero Energy Corp., the largest US refiner, said it will close its Delaware City, Delaware, plant because of mounting losses after the recession eroded demand for gasoline and diesel. Gasoline for December delivery climbed 1. (Sydney Morning Herald -- Business)
US Fed officials step up asset bubble-watch Nov 21, 2009
The MSCI AC World stock index is up 70 per cent since hitting a recession low on March 9. Gold reached an all- time high of $US1,150. (Sydney Morning Herald -- Business)
Other opinion: Finance Nov 21, 2009
This put the country in recession and made the Fed unpopular. It could withstand the pressure because it was so clearly acting within its core technical and legal competencies. (Brainerd Daily Dispatch)
7-Eleven ramping up in DFW Nov 21, 2009
The drop in 2008 was caused by skyrocketing gas prices, which cut into retailers profit margin in the first half of the year, and the recession and credit crisis, which intensified in the second half, Lenard said ... Nationwide, convenience store sales, excluding gas, have increased slightly during the recession. (Dallas Business Journal, TX)
Public shifting recession blame Nov 21, 2009
Poll: Public shifting blame for recession - CNN.com ... Poll: Public shifting blame for recession ... Washington (CNN) -- Nearly two years into the recession, opinion about which political party is responsible for the severe economic downturn is shifting, according to a new national poll. (CNN)
TV plotlines reflect recession anxieties Nov 21, 2009
Office' plotlines reflect recession anxieties - CNN.com ... Office' plotlines reflect recession anxieties ... Recession comedy can be traced to Norman Lear's 1974-79 "Good Times". (CNN)
Opinion: Move to where the jobs are Nov 21, 2009
He says more Americans are taking jobs overseas due to recession. Navarrette: Some states have much better job outlooks than others. (CNN)
No Thanksgiving slowdown for St. Louis restaurants, caterers Nov 21, 2009
I think people are over the initial shock (of the recession), and they re trying to get on with their life. Kenrick provides cooked turkey, side dishes and desserts, hams, and takes orders for fresh turkeys. (St. Louis Business Journal, MO)
Congress Rips Obama on Slow Recovery Nov 21, 2009
issued a statement: "The recession has created a unique systemic risk that threatens all parts of the African-American community, including the poor and the middle class." ... "Given the nature of this recession, there needs to be some more conversations." ... Bush wanted to finish his "Daddy's War," onw of the reasons we have a big recession. (CBS News -- US)
Berkeley Students Protest Student Fee Hike Nov 21, 2009
In any recession, everyone gets sacrificed except the Executives at the top of American Corporations. A good Education should be a Right and not for the Privileged Fews. (CBS News -- US)
Malaysian Economy Shrinks Less Than Estimated as Asia Recovery Strengthens Nov 21, 2009
Nov. 21 (Bloomberg) -- Malaysias economy shrank the least in three quarters as government stimulus boosted consumption and the global recession eased, strengthening an Asian recovery ... Prime Minister has unveiled 67 billion ringgit ($20 billion) of stimulus measures in the past year to lift the economy from its recession ... Thailand may report Nov. 23 that its recession eased last quarter, according to a Bloomberg survey. (Bloomberg -- Asia)
Towering plan for new S.F. skyline unveiled Nov 21, 2009
(11-19) 15:43 PST San Francisco -- The recession hasn't stopped San Francisco's city planners from thinking big. Images. (San Francisco Chronicle)
COMMENT: A Bullion Dollar Baby... Nov 21, 2009
Bank profits in 2009, when America's exiting a recession, could beat 2006's record, when the credit bubble had everyone floating. With big bucks raining on investment firms, the world's financial capital isn't obliging premature obit-writers. (India Times, India)
Oregon economist: Recession over, issues remain Nov 21, 2009
Oregon s state economist said Thursday the state s two year-plus recession has, technically, come to an end ... Indicators do point in the affirmative that this recession has come to a close, Potiowsky said ... While we may be at a technical end of the recession, we are not at the point of feeling the beneficial effects of a recovery. (Portland Business Journal, OR)
Singh wears many hats at Clearwell Nov 21, 2009
All of this has come during the country s worst economic recession since the 1930s. Much of the credit is attributed to Anup Singh, Clearwell s chief financial officer. (San Jose Business Journal, CA)
Beers & Cutler to merge into Baker Tilly Virchow Krause Nov 21, 2009
After several years of rapid growth, Beers & Cutler had a round of major layoffs this year as the recession took its toll. Year / Employees. (Washington Business Journal, DC)
Dayton SBA lending drops in '09 Nov 21, 2009
The main areas SBA loans are used in are new facilities and new equipment, two types of capital purchases that most businesses put on hold because of the recession. reduced its lending from 39 loans to nine. (Dayton Business Journal, OH)
Texas economy is now receiving positive attention Nov 21, 2009
Published: Friday, November 20, 2009 12:52 PM CST These days the news is full of disheartening stories about a national recession and unemployment numbers which continue to get worse from state to state ... While the national recession continues to affect Texas adversely, our state has proven to be more resilient than most ... and Moody s Economy have recently named seven Texas metropolitan areas as being among the first in the nation to move from recession into recovery, indicating their... (Rockport Pilot, TX)
Women Who Mean Business: Mary Seeley Nov 21, 2009
The decision to diversify its funding sources and manage 40 to 50 government grants worth anywhere from $10,000 to $200,000 apiece has enabled Equinox to survive the recession better than expected ... The recession has made everyone realize how important it is to work as a group, she said ... of employees: 100What the company does: Shelter for women and children escaping domestic violence; counseling center for women and children; counseling and temporary housing for youth; counseling for people... (Albany Business Review, NY)
Mexico GDP Fell Less-Than-Forecast 6.2% in the Third Quarter From Year Ago Nov 21, 2009
Nov. 20 (Bloomberg) -- Mexicos contracted less than analysts forecast in the third quarter and expanded from the previous three months, signaling an end to the recession ... The recession is coming to an end, Flores said in a telephone interview. (Bloomberg -- Latin America)
Alabama gets high marks on tax scorecard Nov 21, 2009
In its report, The California Scorecard: States in fiscal peril, Pew ranks the states that have been hit hard by the recession. Alabama ranks fourth best among states with three percent revenue growth. (Birmingham Business Journal, AL)
U.S. business Nov 21, 2009
But that doesn't stop some managers in a recession from making cuts "across the board," a mistake that misdiagnoses any company's core weaknesses. . (MSNBC -- Business)
New CATS chief to tackle challenge Nov 21, 2009
Among her early priorties will be an overhaul of the 2030 transportation plan, already rendered obsolete by the recession ... How has the recession impacted your pay check. (Charlotte Business Journal, NC)
Cadbury's Carr Stared Down Goldman and RWE as Preparation for Kraft Duel Nov 21, 2009
Outside the boardroom, Carr has been involved with the Bank of England through a state bailout of Royal Bank of Scotland Group Plc, the worst recession since the 1930s and quantitative easing amid record-low interest rates. Cool-Headed. (Bloomberg)
Japan's Latest Economic Ailment: Deflation Nov 21, 2009
Figures released this week indicated Japan may be climbing out of its worst recession in decades. Third quarter GDP growth came in at an annualized rate of 4. (Time.com)
5 comments Nov 21, 2009
Don't count on American consumers to lead the world from recession to recovery and beyond. His second big message. (Human Events Online)
Can China's Backwaters Save the Global Economy? Nov 21, 2009
This kind of exuberant consumer behavior helps to explain why China has powered through the global recession with only limited damage ... There is also concern that growth will slip backward once China's recession-fighting stimulus is scaled back ... When the global recession hit, he feared his business might suffer. (Time.com)
Fewer flights, more fees await holiday travelers Nov 21, 2009
With Americans still reeling from the recession, the cost of travel is a key concern ... Many made their debut last year, when airlines looked for ways to raise revenue as fuel prices soared and the recession kept many people from flying. (AZCentral -- Business)
Tuition Hikes: Protests in California and Elsewhere Nov 21, 2009
At many public universities, the deep recession has made the situation worse ... In a state hammered by the recession, in-state and out-of-state students at the University of Michigan saw tuition rise 11. (Time.com)
State jobless rate climbs even as jobs are a... Nov 21, 2009
But Bernick added that the October spurt in hiring has done little to reverse the recessions massive job cuts ... Were at the point that we usually get to at the official end of a recession, where we get a mixture of good news and bad news and its often difficult to sort things out, said Jed Kolko, economist at the Public Policy Institute of California ... Levy said that the figures continue to show that gains in the gross domestic product the most common measure for determining... (San Diego Union-Tribune)
Towering plan for new S.F. skyline unveiled Nov 21, 2009
(11-19) 15:43 PST San Francisco -- The recession hasn't stopped San Francisco's city planners from thinking big. Images. (San Francisco Chronicle -- Sports)
Goldman Sachs' Thanksgiving: Garbage Duty Nov 21, 2009
The investment bank is , with angry critics pointing to huge employee bonuses expected at year's end as evidence of the kind of greed that triggered the recession. A year ago, the firm received billions in federal bailout money. (CBS News)
Westcor delays mall, willing to pay $1.3M Nov 21, 2009
Because of the recession, Westcor is seeking to extend that deadline through 2014 - or, if needed, 2016 ... Westcor Vice President of Development Garrett Newland said the mall builder faces several challenges tied to the recession. (AZCentral -- Business)
International flare Nov 21, 2009
The women had serious reservations about starting the venture in an economic recession and in one of the worst housing markets in decades. "Yes, we had our doubts," Johnson said. (Montana Standard, MT)
EU economy out of recession, but recovery slow Nov 20, 2009
LONDON, Nov. 19 (Xinhua) -- The European Union (EU) and eurozone economy returned to growth in the third quarter of this year, joining the United States and Japan in climbing out of recession. It is additional good news for the world economy, which plunged into recession more than one year ago ... Still, the third-quarter rise in eurozone output was the first in six quarters and brought Europe's sharpest recession since World War II to an end. (Xinhuanet, China)
Upscale McDonald's Brings Euro Style To NYC Nov 20, 2009
McDonald's has experienced strong sales in the U.S. during the recession, though the chain said this week that its monthly U.S. sales growth edged down in October. European sales were up 6. (KIRO TV, WA)
