Jim Flaherty said today that he would spend to defend Canada from another recession. Under questioning from opposition MPs, Flaherty said for the first time that the Conservative government would move in with another round of stimulus spending if the world economy suffers a double-dip recession. “We would obviously do what is needed” if there [...]
recession
Is the Recession Finally Over?
According to Newsweek The long-leading index—which goes back to the 1920s and doesn’t include stock prices but does include measures related to credit, housing, productivity, and profits—hits bottom and starts to climb about six months before a recession ends. The weekly leading index calls directional shifts about three to four months in advance. And the [...]
Are you prepared?
Tom Sine of Mustard Seed Associates sent along this link to an excellent article he wrote for Christianity Today about churches preparing for the recession. He describes the situation pretty well. Shelters all over the U.S. that provide food and housing for the homeless report that demand is soaring and resources are shrinking. States and [...]
The rich become poor, the poor disappear
Barbara Ehrenreich has a great post on why the bailout needs to include more than the bankers If that sounds politically unfeasible, consider this: When Clinton was cutting welfare and food stamps in the 90s, the poor were still an easily marginalized group, subjected to the nastiest sorts of racial and gender stereotyping. They were [...]
What’s at Stake?
Several people sent me this link about what is at stake with the United States running $1 trillion deficits. The non-partisan Congressional Budget Office has also said the U.S. budget deficit will swell to a record $1.186 trillion in fiscal-year 2009 and come in at $703 billion in the 2010 fiscal year, which begins October [...]
Don’t Check Up
As a NASCAR fan, you lose perspective over how many job losses hit the sport this year but there has been 700 highly educated mechanic, fabricators, and engineers who have been laid off. Don’t Check Up is a job search website just for NASCAR employees who have been let go during the recession. The back [...]
Stimulus Packages From Around the World
Since all our countries (sans Germany) are offering stimulus packages these days, I thought I would see how they stack up against each other. The American one is by far the biggesest while Iceland’s economy took the hardest hit. Many economists believe a lot of the figures being announced involved a mixture of truly new [...]
