Word: downturns
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...best recession-proof jobs are those that are least sensitive to economic downturn, and which have the highest combined scores for pay, projected workforce growth, and number of openings...
Laurence Shatkin: Well, I'm not a fortune teller, and nobody's job is 100% secure, but I identified these based on information from the U.S. Department of Labor. I developed a pool of 180 occupations that are resistant to economic downturn and then sorted them according to their economic rewards - income, job openings and job growth. These are the best of the recession-proof jobs...
...exposed to residential construction in problematic markets," says Fitch analyst Ken Ritz. "The risk profile of the company's loans is problematic." Synovus, which executives of the bank say has applied for funds but has not yet been approved, has also been hard hit by the real estate downturn. The bank, based in Columbus, Ga., with 34 branches and 440 ATMs in Georgia, Alabama, South Carolina, Florida and Tennessee, had a loss of $40 million in the third quarter. Synovus made $135 million in the same quarter a year ago. Its shares have fallen 40% in the past year...
...that began on Wall Street has seeped into the minds and hearts of South Korean businessmen, bankers and housewives, who fear the consequences of an impending global recession. With the country heavily reliant on exports, South Korea, like the rest of Asia, cannot escape the fallout from a U.S. downturn. Goldman Sachs predicts GDP growth will sink to 3.9% in 2009, the lowest since...
...Everyone is concerned about the economy," says Kim Mi Hae, who stands at the cash register. "That's all my customers talk about." Nervous bankers are cutting back as well, by sharply curtailing domestic lending, especially to small companies. This paranoia at the banks can potentially make the coming downturn more severe. "They've created a vicious cycle," says Jones...