Word: recessional
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The middle and working-classes have been hammered by the Great Recession and no industry has taken it more on the chin than construction. Nationally, unemployment fell to 9.7% in January, but in construction it jumped to 24.7% from 18.7% in October. In many regions, union officials report 30% of...
In the Southwest, the construction site is what the factory floor is to the MidWest - the place where blue-collar men and women earn their keep. A tour of downtown Los Angeles and the industrial warehouse area to the south finds busy jobs sites few and far between. In Vernon...
The online retailing giant, unscathed by the recession, is on a tear, posting robust earnings growth while many other retailers are licking their wounds. Analysts believe the company's profitable run isn't over yet, and say that concerns over competition in its trendy e-reader business are overblown.
It's been an "Internet gold rush," in which online retailers that offered merchandise cheaper, faster and more efficiently were the big winners, and Amazon led the way, says Marc Ostrofsky, an Internet consultant and author of "Get Rich Click."(See which businesses are bucking the recession.)
At least one project in Allston survived the recession-induced construction freeze: an ice skating rink. Head there for a fun and free afternoon.