Word: recessional
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Minding the gap isn't merely an academic exercise. Excess capacity directly affects the biggest question facing policymakers today: when to exit from stimulus programs that were introduced to combat the recession. Everyone agrees the cure for excess capacity is increasing demand, whether it is generated through a fundamentally strengthening...
But what if this recession isn't an ordinary recession? There is a widespread belief among economists that a secular shift in global spending patterns is under way. U.S. consumers, the usual drivers of economic growth, are reducing their outlays and may do so for years to come as they...
Retooling is not impossible. Germany's Volkswagen is converting part of a car-engine plant to produce "green" electrical generators. And if you buy into the great Asian growth story, then there is a chance that spending by wealthier consumers in countries like China and India can offset at least...
The recession also provoked an identity crisis for the magazine; its latest cover touted a story on where to eat a restaurant steak for $14.50. "When you're catering to an affluent audience and you're talking about huddling at home or cooking inexpensive stews, there's a disconnect," says...
Of course, we can’t place all the blame on his shoulders. These are tough, complex times. There are no easy solutions to things like war and health care and economic recession. Moreover, President Obama hasn’t even completed one year in office. Complex issues can?...