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Trump puts true US unemployment rate at 20 percent

Edit Press TV 29 May 2016
Just a third say they'd be very confident of finding another job if they were laid-off -- a sign of vulnerability even though the Great Recession officially ended nearly seven years ago ... Nothing has ignited the robust economic growth that Americans remember enjoying until the Great Recession struck in late 2007. Some view the slow growth as a sign that the economy has never escaped the threat of another recession. ....

John and Michele Truchard give away ‘Butter Balls’ at BottleRock

Edit San Francisco Chronicle 29 May 2016
[...] around 2010, in the wake of the recession, they realized there was a need for inexpensive red wines; hence JaM Cabernet, Butter and Toast, all in the $15 to $20 range ... > ....

Miracle in Athens as Greek tourism numbers keep growing

Edit The Observer 29 May 2016
It’s been a busy winter in downtown Athens, where scaffolding, tarpaulins and dust have been symbols of hope. a mini construction boom heralding a tourist renaissance ... For an economy stuck in depression-era recession, dependent on emergency bails and seemingly locked in a perpetual fiscal vice, tourism is vital ... ....

America’s ‘recovery’ is baloney — we’re actually broke

Edit New York Post 29 May 2016
The Federal Reserve last week confirmed what most Americans already know. We’re broke!. In its latest report on the state of the US economy, the central bank said 46 percent of Americans would “struggle to meet emergency expenses of $400.” ... And that light is a flashing red beacon of warning ... In this recovery from the Great Recession, almost half of America is living hand to mouth ... ....

More Young Adults Live With Parents Than Not—for the First Time in 130 Years

Edit Alternet 29 May 2016
Millennials have come of age amid the bursting of the housing bubble, perpetual war and the Great Recession ... For the first time in 130 years, more Americans between ages 18-34 are living with their parents than in any other living situation. That is according to an analysis by the Pew Research Center published May 24 ... are living. Yep ... It is a coming of age story that takes place during worst recession on record since the Great Depression....

Venezuela Government, Opposition Exploring Talks to End Crisis

Edit Bloomberg 29 May 2016
Venezuela’s warring political factions have restarted efforts to end a bitter political standoff as the country’s economy continues to spiral into deep recession. Foreign Minister Delcy Rodriguez said Saturday on Twitter that government officials and opposition politicians had held their first meetings toward opening a dialogue in the polarized nation ... Still, opposition leaders were skeptical of potential talks ... ....

Back to the Costas: terror fear sees travel industry return to its roots

Edit The Observer 29 May 2016
The string of terror attacks in Europe and further afield since last summer has sent reverberations through the travel industry, but Thomas Cook, arguably Britain’s best known tour operator, has felt the effects more than most ... Britons’ commitment to their annual break survived the Great Recession and it appears to remain a top priority. Early bookings for winter and next summer are up 22% and 18% respectively. ....

There’s nothing a Brexiter loves more than a good conspiracy

Edit The Observer 29 May 2016
In the immortal words of Clint Eastwood, “You’ve gotta ask yourself one question. ‘Do I feel lucky’?” If the British feel lucky we will trust Boris Johnson and Nigel Farage. We will agree with them that the economists warning of recession, the trade unionists warning of an attack on workers’ rights, and the Nato allies warning of threats to the unity of the west are wrong. All wrong ... They are not just wrong. Wrong is too weak a word....

How do you respond to a recession? These Columbia brothers started a now-thriving heating and ...

Edit The State 28 May 2016
Cassell Brothers Heating and Cooling was born out of recession. Since late 2008, the company has grown from three employees to 57. James and Sam Cassell attended Lower Richland High School ... ....

India the fastest growing economy during global recession: Jaitley

Edit Deccan Chronicle 28 May 2016
New Delhi. Highlighting the achievements of the Prime Minister Narendra Modi-led NDA Government at the Centre, Finance Minister Arun Jaitley on Saturday said that India is the fastest growing economy during the global recession, adding that it can grow at the rate of 8-9 percent in the years to come ... During global recession, India is the fastest growing economy ... ....

Recession worries? Get over it–stocks are climbing 10%, this bull says

Edit CNBC 28 May 2016
Ed Yardeni, a top economic forecasters, says stocks will be 10 percent higher by next year ... ....

Low sales even in healthy economy signal 'complete shift in shopping'

Edit The Guardian 28 May 2016
Retail stocks for Macy’s, Nordstrom and Gap have all fallen sharply this year, with some reporting their worst comparable sales results since the Great Recession ... The apparent contradiction between a healthy economy and unpredictable consumer spending leads some market analysts to the conclusion that consumption as an activity was fundamentally altered by the 2008 recession....

Parks, streets still hurting in tight Salt Lake City budget

Edit The Salt Lake Tribune 28 May 2016
The recession may be over, but times remain tough at City Hall. Salt Lake City is in a budget bind that will continue to force the municipality to defer maintenance on streets, parks and facilities. A lack of new revenue has hampered the City Council’s attempts to massage Mayor Jackie Biskupski’s $259 million General Fund budget ... ....
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