May 09 Issue - Recession
Written by Staff
Thursday, 07 May 2009 17:26
 Now that we’ve been hearing about the ‘R” word daily, do you at times feel that your head is spinning? If so, here is a brief introduction to Recession 101!The most common definition of “recession” is a decrease of less than 10% in a country’s Gross Domestic Product (GDP) which lasts for more than three consecutive months. Although not everyone agrees on a specific definition for what an economic recession is, the National Bureau of Economic Research (NBER), the official judge of when recessions begin and end, has broadened its characterization to consider four indicators: industrial production, payroll employment, inflation-adjusted personal income, and the volume of sales of the manufacturing and trade sectors.
Written by Louisa Edobor
Thursday, 23 April 2009 17:26
 How To Survive The Recession As A Twenty Something Year OldMany college students in the New York Tri-state area have jobs on the side; whether it’s to feed our obsession with clothes, indulge our stomachs with food or to save for a nice trip to Aruba, money is the key to fulfilling our utmost desires. Now that our economy is in a dire situation, spending lavishly has come to an abrupt halt. Prices on everything has gone up, many stores are letting go of their employees, cutting back on hours, and with tuition on the rise, many students are putting themselves on a tight budget. This problem will get worst and many more young students will lose their jobs. It makes most students wonder if there is hope in turning this around. |
