Word: recessional
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It's no secret that luxury has taken a beating in the Great Recession. High-end restaurants are hurting as people trade the $30 Steak for the $3 Big Mac. Saks Inc. lost $5.1 million in the first quarter of '09, a 129% drop from the previous year. Necessity is...
Some economists see a recovery by the beginning of the fall and others see it coming early in 2010. There is a near certainty that the nausea inducing drop from the fourth quarter of last year through March is over. It is either over because of the economy's natural...
So far, in 10 months of operation, Farmers Best has failed to turn a profit. Beyah attributes that partly to slowed consumer spending amid the recession, as well as a need to grow awareness about his venture. He is running ads on black radio stations, hoping to lure affluent blacks...
Experts across the country are exploring a range of potential solutions to the urban health crisis, including creating neighborhood gardens and courting chains like Aldi, Family Dollar and even Wal-Mart to fill the void created by food deserts. But the supermarket industry suffers from especially tight profit margins and...
The authors of the new report say targeted measures are needed to tackle poverty and unemployment in the poorest regions, but they admit there's no magic bullet. As the recession bites ever deeper, and with a general election coming in September, German policymakers will have to wake up to...