Crash Survival Zone

Surviving the Economic Crisis

Archive for April, 2009

27 Apr

CNN Money’s 7 Best Ways to Save - Are They Really the Best?

Everyone wants to save money these days. The economy is struggling, energy costs are still high, retirement accounts have been decimated, so finding ways to stretch your dollar have become more popular than ever. But what are the best ways to save money?

I stumbled across this article by CNN Money that lists the 7 best [...]

27 Apr

Home Vacancies Rise in U.S. to Record Amid Recession

A record 19.1 million homes stood unoccupied in the first quarter and the U.S. homeownership rate fell as the recession sapped demand for real estate.

The number of vacant homes, including foreclosures, properties for sale and vacation properties, jumped from 18.6 million a year earlier, the U.S. Census Bureau said in a report today. Households that [...]

27 Apr

High-Flying Women Shift Gears in the Recession

…The fact is this recession has made high echelon jobs in the financial sector less desirable for women. Once venerable brand-name organizations are losing their luster amid sagging revenue, mass layoffs, bailouts, cost cuts, bad PR and low morale. The psychological and emotional perks that once helped balance the time commitments of high pressure “extreme” [...]

27 Apr

Dollar Wins Heads-or-Tails Toss on Growth or Weakness

Former Federal Reserve Chairman Alan Greenspan said five years ago that predicting currencies is no better than tossing a coin. A growing number of traders are betting that heads or tails, the dollar wins.

Investors bullish on the U.S. economy say the dollar will strengthen as America recovers first from the global economic recession. Those who [...]

27 Apr

Greening This Old House

When we think of green buildings, we tend to think of new ones–the kind of high-tech, solar-paneled masterpieces that make the covers of architecture magazines. But the U.S. has more than 100 million existing homes, and it would be incredibly wasteful (not to mention totally unrealistic) to tear them all down and replace them with [...]

27 Apr

‘I Am Not Dr. Doom’

Interview with Nouriel Roubini
The consensus among economists is that they see the economy that was contracting for the last two quarters at 6 percent going into positive economic growth by the second half of this year. . . . I believe that the rate of economic contraction is going to slow from negative 6 percent [...]

27 Apr

China: One bright spot in U.S. companies’ results

U.S. companies are slashing costs, eliminating staff and reporting some of their gloomiest earnings in years, but there is one salve to all the pain — China.

While consumers and businesses in much of the world are throttling back on spending, there are signs that the Chinese economy is pulling out of a short dip in [...]

27 Apr

Graduating U.S. college seniors entering grim market

A college diploma has long been the ticket to a good job, but the deepest economic slump in decades has dampened the dreams of many U.S. college seniors.

They face a hard reality upon graduation this spring: stiff competition from the growing ranks of the unemployed, from those forced out of retirement or delaying it because [...]

27 Apr

Poll: Financial crisis to last another year or more

The global recession has yet to reach its nadir and stocks narrowly remain in a bear market, a Reuters poll indicated on Monday, predicting the financial crisis will wear on for another year and possibly more.

The survey of analysts across Europe and the U.S. taken April 21-27 found a slim majority saying the bottom had [...]

27 Apr

World Bank: Economic crisis turning into calamity

The global financial crisis could become “a human and development calamity” for many poor countries, the World Bank said, urging donor nations to speed delivery of money they have pledged and consider giving more.

Developing countries, its main constituency, face “especially serious consequences with the crisis driving more than 50 million people into extreme poverty, particularly [...]

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