Articles
Eurozone Recession Is Now Longest in Currency Bloc
(PARIS) — The eurozone is now in its longest ever recession — a stubborn slump that has surpassed even the calamity that hit the region in the financial crisis...
Eurozone Recession Extends into 6th Quarter
PARIS (AP) — The recession across the economy of the 17 European Union countries that use the euro extended into its sixth quarter — longer than the calamitous...
Amid Recession and Crisis, Greece’s Shipping Industry Steams Ahead
On December 5 last year, the Ob River, an 288-metre LNG (Liquefied Natural Gas) tanker with a capacity of 84,682 deadweight tonnes chartered by Russian energy...
Why This Housing Upturn Looks Like the Real Thing
The previous upturn in housing prices faltered after a year, but all the signs suggest that the current home price recovery will be sustainable.
The New Retirement: Forget Being Rich, All We Want Is Peace of Mind
Four years after the recession ended we are still getting signals that our values have changed--at least partly of necessity.
Casino Revenues Are Up in 2012 – Thanks in Part to Gambling in Kansas
We're gambling almost as much as we were before the recession, and the biggest growth comes from an unlikely state. In 2012, U.S. casinos earned $37.3 billion...
EU Predicts Eurozone Recession to Continue in 2013
BRUSSELS — Europe will take longer to recover from its economic crisis as it tackles a worse-than-expected recession in the eurozone and unemployment at record...
The Splurge Surge: Luxury Spending on the Rise
Wealthy Americans don't really think that good times are here again for the economy. But they're going on shopping sprees anyway, with increasing sales seen for...
Britain Dodges Recession after Growing in Q1
(LONDON) -- Britain dodged recession after official figures showed the economy grew in the first quarter. The Office for National Statistics said the economy...
Is the Price of Gold Signaling an Economic Slowdown?
Gold and other commodities seem to be signaling that the U.S. economy is sluggish and will get weaker still.
U.K. in Dark Mood as New Recession may be Confirmed
(LONDON) -- Recession may just be a word. But in Britain it may become a habit -- and a dangerous one at that. It's possible that official figures on first...
Scared to Prepared: How The Great Recession Changed Our Spending Habits
The sting of the financial crisis can still be felt five years on. But individuals have moved beyond finger pointing.
Can Housing Power the Economic Recovery?
Economic recoveries usually begin at home. Even though the housing construction has historically only accounted for roughly 5% of America's economic activity,...
Home Price Gains Continue Increasing Nationwide
Citing "steady employment and low borrowing rates" as well as inventories that have fallen "to their lowest post-recession levels," the S&P Dow Jones Indices...
U.K. Official to Deliver Another Austere Budget
(LONDON) — Britain is on the verge of slipping back into recession, Moody's Investor Service has slashed the country's Triple A credit rating, and the opposition...
Europe Eases the Austerity Whip – a Little
(FRANKFURT, Germany) — Three and a half years into its government-debt crisis, there are signs that Europe is adopting a gentler approach toward austerity. ...
Dow Hits Record, Erasing Great Recession Losses
(NEW YORK) — The stock market is back. Five and a half years after the start of a frightening drop that erased $11 trillion from stock portfolios and made...
Why Many Americans Feel Like They’re Getting Poorer
Since the recession ended, the economy has never grown fast enough to make up for lost ground – and that's helping to keep household income depressed for as much...
Gin & Tonic: Spain’s Obsession, Despite the Recession
The first time I drank a gin and tonic, a real gin and tonic, it was three in the morning in an old converted castle in the tiny town of La Alberca, outside...
Eurozone Recession Deepens as Germany Falters
BERLIN — It was only a matter of time. With many of its debt-ridden euro partners in recession, Germany could only swim against the tide for so long. Figures...
