Word: feds
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...wouldn't have seen anything like this - people were fed up and angry," says Alexander Plush, 41, another former factory worker standing in line at the ATM. Plush had worked for 17 years at one of the Pikalyovo cement factories until it closed a few months ago. "Before we got paid, people were living on bread and water and the food they could grow in their gardens this early in the year," he says...
...total net worth and figured that for things to fall back in line with where they've been historically, Americans would have to get rid of some $3 trillion to $5 trillion in debt over the next few years. (Read "Lidia Bastianich Saves Our Dough.") Lansing and San Francisco Fed colleague Reuven Glick ran a simulation of what would happen if U.S. consumers followed a path similar to that of Japanese businesses in the 1990s. That was another episode of a great debt dump following a stock-and-real-estate bubble - it's one of the examples economists often turn...
...pioneer era; it was used as currency because you couldn't get coins to certain parts of the territories, so they had to find the most valuable product that everyone could obtain, and whiskey filled that void very nicely. If you made whiskey, you could keep your family fed...
...still by having someone who already works at a company mention your name. Each year, the staffing consultancy CareerXroads surveys large firms about where they find new hires, and since at least 2005 the top spot has held steady: some 27% come from referrals. (Job boards, by comparison, have fed firms a consistent 12% of new hires; the rest come from recruiters, company websites, etc.) The difference today is that a lot more of those recommendations start with connections made through online networks. A recent report by market researcher Nielsen found that people now spend more time using social networking...
...most recent Fed data, use of revolving credit, like credit cards, was down 11% from the month before. Non-revolving credit - including loans for cars, boats, mobile homes, education and vacations - was off by 5.3%. The amount of outstanding consumer credit is now about what...