Posts Tagged ‘recession’

Washington state bank is shut; 44 failures in 2011 (AP)

AP – Regulators on Friday shut down a small bank in Washington state, pushing to 44 the number of U.S. bank failures this year in the wake of a severe recession and mounting troubled loans. View full post on All Stories

Pay gap widening to Victorian levels

High pay commission forecasts top earners’ slice of national income will rise from current 5% to 14% by 2030 Data blog: are the rich really getting richer? Wage disparity between the UK’s top earners and the rest of the working population will soon return to the levels of the Victorian era unless action is taken [...]

British think tank warns household incomes to drop to 2005 levels

Vittorio Hernandez – AHN News London, England, United Kingdom (AHN) – British households have lost about $750 (GBP 500) in the past 12 months, according to a study by the Institute for Fiscal Studies released on Friday. It is considered the largest drop in household income since 1981, and is equal to what households made [...]

Tenn. cities, counties considering new taxes

NASHVILLE – The struggle Tennessee cities and counties face to make ends meet amid severe budget cuts has given new ammunition to supporters of a tax revenue increase at the state level. Across the country, local governments are dealing with an unprecedented fiscal squeeze resulting from state governments tightening their own belts because of the [...]

Personal Debt Consolidation Loan Easy Way to Pay-Off Your Debt

Today due to hard economic recession a lot of people turn to credit cards. They are very easy to get and most people eve do not realize how they have got into credit trap. It is not very convenient to apply for loans with commercial banks today. They are not willing to provide loans and [...]

Debt Settlement and the Obama Administration

President Obama has promised our country a comprehensive plan to bail the economy out of recession. In so doing, he may have accidentally misled some people into believing that money will be directly earmarked to help rescue individuals from the personal debt crunches. Now that news in this area is progressing, more and more people [...]

Despite Recession, Finance Job Competition Stays Strong

Finding qualified candidates for financial services and accounting positions should prove easy with the U.S. unemployment rate near 10 percent. However, firms… View full post on All Stories

Double-dip recession a possible risk: IMF chief

The global economy faces a possible risk of double-dip recession as the recovery is uneven and fragile and most advanced economies are facing high unemployment rates, the International Monetary Fund (IMF) chief said here Thursday. View full post on All Stories

At smaller firms, jobs upturn seen

The nation’s recovery from the deepest recession since the Great Depression has been notably lacking in the creation of jobs. The U.S. unemployment rate stands at 9.6 percent, and Arkansas’ is 7.8 percent. View full post on All Stories

Middle class downsizes as its jobs vanish, move away

The good-paying, predominantly white-collar jobs that once sustained many American communities are disappearing at an alarming pace, keeping the unemployment rate stubbornly high despite the end of the Great Recession. View full post on All Stories

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