Opinion-Corner.net » Economy

Fighting the bad Economy 2009

Sean — Mon, 02 Mar 2009 12:14:23 +0000

This is the peak time for us to prepare ourselves from fighting bad economy, so that you don’t have to struggle for an entire year that is going to arrive very soon. You don’t have to be gladiators or mighty Knights to fight it. Just know the basics, stick to wise decisions, don’t go for over risks, and be prepared for any bad situations. That’s it; you are done. Nobody can win over this thing called recession but at least you can get yourself out of it without getting much harmed. There are some good practices which a person should stick to, while going through a recession.

John is a close friend of mine. He says he expected this situation two years back when every one was enjoying the economy hikes. He was prepared well in advance and I see him in a good position now compared to any of my other friends who were employees of big financial companies.

US economy is growing slow

Sean — Wed, 10 Sep 2008 14:18:00 +0000

President Bush is influencing the urging lawmakers to pass the cooperation to financial system bailout bill, which is fashioned in marathon weekend bargaining. It is needed for maintaining stable growth in US economy and in stopping the crisis of financial industry from spreading across the economy.

Bush made the statement at the White House, assuring the Americans for approving the administration’s $700 billion rescue plan, which is the right thing to do right now. Bush spoke amid continued nervousness in financial markets at home and overseas and discussed about the extra ordinary deal for this package.

The president argued that nervous U.S. taxpayers, which they will get, benefited from a number of safeguards from lawmakers, including checks and balances on the operation of the program.
But the Connecticut senator, chairman of the Banking Committee, also said the bill is not a solution for all the problems that have bedeviled the U.S. financial markets and though there are failed to stop the act in spread the contagion of frozen credit markets even further.

Mass Layoffs Increase Jobless Beneficiaries

Sean — Sun, 07 Sep 2008 08:41:49 +0000

The claims of unemployment benefits are reported to reach record numbers. The increase in mass layoffs and the decreased hiring in firms all over the country has peaked the number of people turning to the federal offices asserting the unemployment benefits.

According to the Labor Department, the claims of unemployment insurance have reached the 4.78 million mark by Jan 17th. This number has far exceeded the analysts’ expectation of 4.65 million claims and is also reported to be the highest number since 1967.

Also, other 1.7 million people are receiving extended unemployment compensation benefits. Thus, the number of unemployment recipients is around 6.5 million people.

Meanwhile, the companies have not yet stopped their layoff spree. More and more companies are coming up with lay off announcements, which is likely to increase the unemployment to more bigger number.

Apart from this, the US Department of Labor has come up with the Emergency Unemployment Compensation Act to help the unemployed who already bushed up their regular and extended unemployment insurance benefits.

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What bad economy brings to small businesses?

Sean — Tue, 19 Aug 2008 08:44:00 +0000

When the government saw the list of filed bankruptcies, these were the major companies which had branches all round the world. With the fall of so big companies, we must have understood that big has nothing to do with the recession or losses. In contrast, when big companies fail the amount of losses will be very big compared to that of small companies.

Yes there are many small companies that shut their businesses down but as you see, none of them made the news. But it is a good time for the small businesses which see themselves in safer position or least affected from recession.

They are experiencing some kind of importance in the market, which when used wisely will give them many more opportunities of expansion.

Another major phenomenon is that they are able to acquire more talented and more qualified employees compared to previous times. People are not running for bigger jobs these days, as the major layoffs are from this sector.

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