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23 May 2011 ~ Comments Off

Sony sees third year of red ink

Sony Corp. said Monday it expects to fall into the red in fiscal 2010 for the third straight year with a group net loss of ¥260 billion, due mainly to the effects of the March 11 disasters. The loss would be the company’s biggest since the ¥293.3 billion one it posted in the business year [...]

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03 April 2011 ~ Comments Off

UAE Sees Expat Population Reach 90% Even as Economy Slowed

The Media Line Staff Dubai, United Arab Emirates (TML) – Expatriates have increased their share of the United Arab Emirates (UAE) population to close to 90% in the past three years, even as the domestic population grew sharply and an economic downturn slowed the increase in foreigners to nearly nil, figures from the National Bureau [...]

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25 March 2011 ~ Comments Off

Revised estimate shows economy grew faster than thought during end of 2010

Linda Young – AHN News Writer Washington, D.C., United States (AHN) – Economic growth was slightly better toward the end of 2010 than officials had previously estimated, the U.S. Bureau of Economic Analysis announced Friday. In its third estimate of the nation’s gross domestic product for the fourth quarter of 2010, the BEA said the [...]

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21 March 2011 ~ Comments Off

Workers hit by downturn in cross-border trade with Libya

X IRIN – IRIN IRIN Staff RAS AJDIR, Tunisia (IRIN) – A few metres from the Libya-Tunisia border,’-year-old Firas, from Tunisia, sits in the shade. Until the recent chaos in Libya, he made a living carrying bags and suitcases across the border, but now spends most of his time leaning against a low concrete wall, [...]

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10 March 2011 ~ Comments Off

Moody’s warns on covenant-lite loans

Renewed acceptance of so-called covenant-lite loans “may be laying the groundwork for painful fallout from the next credit downturn,” Moody’s Investors Services warns View full post on All Stories

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16 February 2011 ~ Comments Off

Americans saving more, climbing out of debt

WASHINGTON – The recession that just rocked the U.S. economy happened in part because Americans were borrowing and spending more than they could afford. Now, three years after the downturn began, American families are moving faster than many analysts had expected to put their finances in order by paying down debts and boosting their savings. [...]

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15 December 2010 ~ Comments Off

Bipartisan Tax Compromise Benefits AAPI Community

President Obama’s proposed tax agreement has great benefits for Asian American Pacific Islander families, students and small businesses. Passage of this tax proposal will assist AAPI families who are already squeezed by the economic downturn and prevent them from having to pay higher taxes.This bipartisan compromise benefits our community by extending key provisions from the [...]

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31 October 2010 ~ Comments Off

Panic in Detroit: Michigan’s economic woes long time coming

The state of Michigan is often viewed as being at the vortex of the American economic recession; that is, all the woes inflicted by the downturn have been maximized here. The Wolverine State is indeed beset by high unemployment, soaring foreclosures, substantial poverty and thousands of abandoned houses and properties. View full post on All [...]

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20 April 2010 ~ Comments Off

About a Personal Bad Credit Loan

It has become the norm to have a bad credit record. This has been brought on by not paying your bills. Bad credit is not only recorded when you don’t pay but also if you pay late. The downturn in the economy has highlighted the fact that most of the population lives over and above their means.

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