Word: recessional
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The government's reaction then was to fine companies who broke new anti-pollution laws and, in some cases, give them tax credits for being better environmental citizens. Tax credits do not have much use in a recession when many companies do not pay taxes because they are losing money...
In the past year, as the world economy has plunged into recession, governments have pledged to spend as much as $5 trillion of taxpayers' money to ward off a prolonged slump. For the most part, these massive programs are based on little more than theory: nobody advocating them has experienced...
Recession's Long March Re your cover "Going Home" [April 27]: as a former illegal worker in the U.S., I found your article on immigration compelling. It is true we are living in difficult times, but we must avoid seeking scapegoats during the economic crisis. In the end the only...
President's Best Friend Bo, President Obama's new dog, acts as an icebreaker in what has seemed like months of recession-filled articles and accounts of how the current global financial crisis is causing havoc for many [April 27]. After all, it cannot be easy leading the world's...
But over the past several months, the prices of oil, copper, palm oil and others have rallied. This shouldn't be happening given the parlous state of the world economy. The International Monetary Fund in April cut its global growth forecast for 2009, predicting GDP would contract by 1.3%, the...