Word: recessional
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See which businesses are bucking the recession.
Ed Brennan, an office-furniture store owner in the Philadelphia area, couldn't believe how quickly and ferociously the recession hit his business. Demand for office furniture had surged to new highs in 2008, causing him to frantically add staff to meet furniture orders and allowing him to wrap up...
The recession has hit small businesses particularly hard during this recession, and government bailout programs have yet to offer significant incentive programs aimed at propping up the battered sector. Although there are some provisions for small companies, "we're not seeing it," says Brennan. "We're always left out."
See which businesses are bucking the recession.
The reason is that the roaring real estate market is complicating Beijing's decisions on when and how to unwind the drastic stimulus measures that policymakers put in place to combat the global recession. There is clearly a link between Beijing's ultra-loose monetary policy and the run-up...