Word: recessional
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Yes, it's true, we're in a recession, and nearly 1 in 10 workers is unemployed. There are plenty of people willing to work for less money. But in other recent recessions salary growth hasn't slowed this much. Going back to the early 1990s, base salaries never increased...
Apparel isn't the only thing that will take a hit. Back-to-school shoppers plan to buy less of the basic stuff that students really need. The National Retail Federation forecasts that spending on notebooks, folders, backpacks and lunch boxes will fall 16% this year. Analysts predict that electronic...
So if you really want to save, follow the lead of Jessica Montero, an administrative assistant from the South Bronx with a son who is entering ninth grade. Montero's work hours and income were cut earlier this year, so she is swearing off Staples and buying all her son...
Do you think there's more of an opportunity for philanthropists to make a difference now on account of the recession?
Yes. The point is that this is an exceptional time, when we are hit by a very severe recession and just when the needs are the greatest, the amount of money available from traditional sources has been decimated by the financial crisis. Therefore those who are in a better position...