Small businesses dig in heels as recession bites »
Posted By engineer 7 months, 3 weeks ago in NewsThe deep and protracted recession, prompted by the worst global financial crisis since the Great Depression, has chilled activity in most U.S. industries and slashed Americans' discretionary spending. Owners of small business, especially in the hard-hit retail and home construction sectors, are marshaling all of their resources to survive.
Since the start of the downturn in December 2007, over 5 million jobs have vanished, and analysts say unemployment is set to continue rising well into 2010 -- even after the economy ceases contracting. The jobless rate hit a 25-year high in March of 8.5 percent, and is expect to go higher when the rate for April is reported May 8.
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engineer
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My background is Biomedical engineering with an MBA As you know from all my comments where I almost stand politically. I have loads of ...
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Endoscopy7 months, 3 weeks ago
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Part of the problem is the Democrats saying that this is the worst since the great depression. It has yet been as bad as Carters stagflation. Obama says to talk positive and the Democrats then talk how positively bad it is.
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