Word: recessional
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That change suggests that more home owners are simply walking away from their mortgages, rather than attempting to make payments, especially during a recession with record-high long-term unemployment. "Chapter 13 was designed for regular economic times when people might lose their jobs and fall behind on their mortgage...
Despite the fact that most European economies are officially growing again, the effects of the recession are only just beginning to hit national budgets, Estermann says. Though countries like France might not be willing to make sweeping changes to their education systems yet, incremental changes over the next several years...
Para is one of Brazil's most resource-rich states, part of the country's immense Amazonian region. It is, however, also one of Brazil's most violent states. In 2008 alone, 13 people were assassinated because of their involvement in land reform issues. It is a disturbing counterindicator to...
“AIDS is not in recession! Teach Kerry a lesson!” shouted the group of activists as they circled the square in front of the office, shaking the three-by-six and a half foot check in time with their chant.
By the same token, let's not put all the blame on the PIIGS. The writing on the wall is Greek, but the message holds for much of Europe. There is too much deficit-spending and too little microeconomic reform throughout the continent, which is why the U.S. and Asia...