Word: recessional
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Despite blistering snowstorms and a dip in consumer confidence, retail sales rose strongly in February, signaling that recession-weary shoppers may finally be opening their wallets. Yet experts quickly noted that consumers have not convincingly abandoned their penny-pinching ways and likely won't for a long time.
Seasonally adjusted figures released by the Commerce Department on Friday show U.S. retail and food-services sales rose 0.3% from January and 3.9% from a year ago. If car and auto-part sales were excluded, the gain would be even bigger, 0.8% month-over-month and 4.2% year-over-year...
The greatest divide of all has to do with hope and heart. In any age, young folk tend to be more cheerful than old folk, but the hope gap has never been greater than it is now. Despite two wars and a nasty recession that has hit young people hardest...
So far, the intensity of the violence doesn't yet rival the worst of the riots that racked Greece in December 2008, when the fatal police shooting of a 15-year-old boy sparked weeks of street protests and vandalism. But since the government announced the second round of austerity...
Now that the recession is receding, on-campus recruiting has regained some of the banks and consulting firms that fled last year. The total number of interviews conducted through the program increased by 13 percent from last year, with an additional 42 job positions posted and 17 more companies visiting...