What is the difference between Recession and Depression?
Economists do remember an old joke that says: A recession is when your neighbor loses his job. And a depression is when you lose your job. What is the difference between the two terms: recession and depression? The distinction between them is not understood very well because there is no clear definition of both the terms and there is no universal agreement upon the scientists. FULL STORY
How economic crisis can be beneficial for climate damage repairing
The financial crunch that began in May 2007 is the world tragedy. When central banks, one by one, diminish interest rates towards zero, they put at a risk the world economy in which fiscal and monetary policies turn out to be insufficient and regulation are the main instruments for recovery. FULL STORY
Is it possible to cope with fiscal problems of the USA?
There were no fiscal problems in the USA for years. No one agued about the possibility of an ageing population and health-care inflation to break the budget, but the problem seemed to appear in many-many decades and procrastination was painless. Nevertheless, not now. The situation has changed a lot. FULL STORY
Debt crisis in America will be not acute but chronic
The financial crisis in
Obama says - We will see Double-Dip Recession
Not really news but Obama spoke with Major Garrett and discussed about a Double-Dip Recession, and how we are all going to soon enter into the second part of our US recession. FULL STORY
