Word: peaking
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...year, and it could stay at that level for several quarters. That is clearly not part of Mr. Bernanke's forecast. It is not in the model because it has not happened since the recession of the 1980s and employment improved fairly quickly after hitting a peak at just over 10%. That recession twenty five years ago was not as bad as this one, at least according to experts. Amateur economists might believe that a worse recession would probably cause worse unemployment...
...capita, Mexicans report being almost as satsified with life as OECD's highest income country Luxembourg, at $55,000. ... Korea now has the highest suicide rate among OECD countries (around 22 deaths per 100,000 individuals). Ireland shows a marked regular increase of suicide rates with a peak in 2000, followed by a small but continuous decline...
...report that says 4.7% of payments for bank-issued credit cards were late sixty days or more in March, an increase of 38% over the same month last year. According to Reuters, "In March, lenders closed 20 million card accounts, sending the total down by 58 million since the peak in July 2008 to 380 million." Banks will not be lending to consumers as long as there are no solid and sustained signs of an economic recovery. They cannot afford the risk after all of the write-offs they have already taken. (See pictures of TIME's Wall Street covers...
...grisly find was one of six recently uncovered mass graves cited in the newest U.N. human-rights report on Iraq. The five others were found in areas controlled by Sunni insurgents during the peak periods of violence in Iraq in 2006 and 2007, meaning the killers likely had no connection to the Iraqi government. But the grave in Ur was almost certainly the work of killers associated with the Shi'ite Mahdi Army militia, which was supported by elements of the Iraqi security forces. (See a multimedia presentation of emergency-room work amid the 2007 fighting...
...better are social-distancing actions on a local level - closing schools, having employees work at home and limiting public gatherings, where the flu can spread easily. Such methods worked during the deadly 1918 Spanish flu - cities that acted quickly to close schools and theaters early in the pandemic had peak death rates 50% lower than cities that acted more slowly. Today doctors could also prophylactically administer antiviral drugs to the close contacts of any swine flu patients, a strategy that has been shown to help prevent the spread of the flu. "Until you start to see really massive clusters, that...