Word: recessional
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The reality was more complicated. Greece now had a solid currency--but it wasn't Greece's currency. The euro was managed by monetary wonks at the European Central Bank in Frankfurt for whom the Greek economy was but a blip. And the decision makers in Athens with responsibility for...
The real Vegas has had its profits pinched by the Great Recession lately. But luxe, energy, sexual threat and primal rock 'n' roll are back in fashion on the Aria stage, where Cirque is throwing its most joyous party ever--and where Elvis lives.
McDonald's has doubtless benefited from the weak economy - its low-cost, seemingly healthy Snack Wraps (soft tortillas filled with chicken, lettuce and cheese) are perfectly positioned to feed a nation simultaneously worried about money and fat - but the company's boom actually began in 2006, before the recession hit...
With government budgets hammered red by the Great Recession, the high cost and human toll of the lock-'em-up strategy has made it hard to sustain. California lawmakers decided last month to cut the number of state prisoners by 6,500 in the coming year. Other states are already...
Jackson added that a wave of community bank failures may “prolong the already painful recession.”