Sunday, 2 December 2012

Jobless Rate Spikes in Euro Bloc, Returning Recession

Did the recession begin in July? If so, expect an ugly 2013!
Fabius Maximus (blog)
Summary: Many US economic indicators have fallen off their peaks, some entering typical pre-recessionary levels. That's bad, since the fiscal deficit and unemployment are already atrecessionary levels. That's a ugly place to start the downturn. And ...
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Metro economies show recovery from recession
Norman Transcript
NORMAN — The Oklahoma City and Tulsa metro areas ranked No. 6 and No. 14 in the nation for economic performance from 2011 to 2012 and No. 71 and No. 106 in the world, respectively. The rankings from the Brookings Institution highlight the two areas' ...
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Personal income grows by fastest pace since recession
Scranton Times-Tribune
Personal income for those in the Scranton/Wilkes-Barre metro area grew in 2011 by the fastest pace since before the recession. Income from all sources for the region increased by 3.94 percent to $36,889 per year, according to data released Monday by ...
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Prosperity across the South is hiding a recession in much of Britain
Telegraph.co.uk
Even during the very depths of the 2009 recession – the sharpest, deepest and longest-lasting in living memory – the eastern half of inner London didn't see its nominal economic output contract at all. Regional disparities of this sort aren't unusual ...
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Telegraph.co.uk
BCCI oblivious about the word 'recession', its surplus never went below Rs 50 ...
India Today
The Board of Control for Cricket in India (BCCI) is among the few fortunate entities for which the word 'recession' does not exist. Even when the recession was at its peak a few years ago, the Board's net surplus never went below Rs 50 crore. This is ...
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India Today
The 12 biggest companies paying workers the least
USA TODAY
During the recession, layoffs and benefits cuts were widespread. More than three years after therecession ended, pay hikes or improved benefits have not materialized at most of the 12 companies. Yet, nine of the 12 companies have been profitable the ...
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Poland's economy slows in third quarter
The News International
WARSAW: Poland's economy slowed faster than expected in the third quarter, owing primarily to doldrums in Germany with some analysts predicting a deeper slump in 2013, but no recession. The third quarter saw adjusted growth on a 12-month basis slide ...
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'Triple-dip' recession fears grow but more quantitative easing unlikely
Scotsman
SIR Mervyn King, the departing governor of the Bank of England, is unlikely to deliver an early Christmas present to the UK economy this week despite the growing threat of a “triple-dip” recession. The bank's nine-strong monetary policy committee (MPC ...
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Scotsman
Jobless Rate Spikes in Euro Bloc, Returning Recession
Arutz Sheva
The dismal news reflects a return to recession – defined as two consecutive quarters of negative growth. “The level of unemployment in Europe remains unacceptably high,” said Jonathan Todd, a spokesman for the European Commission. Almost 19 million ...
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Arutz Sheva
100% Recession Risks – A Follow On
Forex Pros
Professor Piger updated his recession probability model that caused so much attention early November (See “Debunking 100% probability of recession“). As we forecast last month, the probability index undertook a “revision” of epic proportions as ...
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