Word: recessional
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In this recession, there are struggling apparel retailers all across the country. Then there's Abercrombie & Fitch. The upscale teen retailer has suffered 10 straight months of double-digit same-store-sales declines. In the second quarter of 2009 alone, sales were down an eye-popping 30% across the company...
Deficits aren't always bad: excess government spending can help alleviate the pain of an economic downturn by encouraging business and curbing unemployment (this is the theory behind the New Deal and Obama's stimulus package). But that doesn't mean that deficits are good, either. The U.S. covers the...
One thing that seems bound to change is the relationship between the sexes. Since the recession began in December 2007, the vast majority of the lost jobs have belonged to men. About half are in the heavily male domains of construction and manufacturing. At one point last winter, there were...
Men still make up 53% of the workforce, and the percentage of society's work they do is considerably higher, owing to women's shorter hours and more frequent sabbaticals for child-rearing. In prosperous times, women may yearn for more time at home. But economic realities have a way...
For years, families have been making a mass exodus from cities to the contentment of suburbia. In Reloville, Peter T. Kilborn focuses on a more recent phenomenon: work-imperative relocation. "Relos" must contend with an ultra-competitive job market, now made worse by recession, that drags them and their families...