Word: recessional
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See pictures of the recession of 1958.
Isn't that degree of spending good for the economy, especially in a recession? Well, yes and no. Let me talk about that in a couple of different ways. First of all, the economy consists of buyers and sellers. You think about why we spend in the first place. We...
The global recession isn't just making jobs scarce and tightening spending - it's also turning more people into thieves. According to an annual survey released on Tuesday, incidents of shoplifting rose nearly 6% over the past year, representing nearly $115 billion in losses for businesses. One of the more...
"People already feeling, or merely anticipating, the negative impact of recession have taken to stealing ... at the very time retailers also suffering from the downturn have had to cut back on security staff," says Joshua Bamfield, director of the Britain-based Center for Retail Research, which documented the findings in...
• Energy demand will rebound sharply once the recession ends and rise about 40% by 2030. Fossil fuels - oil, coal and gas - will make up about three-quarters of the global increase in energy consumption.