My News Today » Recession

Scenes from the recession.

Kyle — Wed, 18 Mar 2009 22:15:02 +0000

Boston.com – The state of our global economy: foreclosures, evictions, bankruptcies, layoffs, abandoned projects, and the people and industries caught in the middle. It can be difficult to capture financial pressures in photographs, but here a few recent glimpses into some of the places and lives affected by what some are calling the “Great Recession”. (click link for more photos)

Source

Economy not just hurting Banks but Solid Snake, Master Chief, and Mario. Luckily my lvl 77 dwarf is just fine. (I know I’m not 80 yet…STFU)

Kyle — Thu, 05 Feb 2009 21:03:16 +0000

Cnet.com – The video game industry is being hit hard by the economy, just like every other industry. And although I believe it’s potentially recession-proof, it won’t be easy for gaming to stay that way.

Things are looking bleak for game creators. In a statement Tuesday, Electronic Arts, the world’s largest video game developer, announced that it was forced to lay off about 1,100 employees and close 12 facilities worldwide to streamline its business operation and cut operating expenses by $500 million to prepare for uncertain economic times.

How Low Can You Go?!?!

Steve — Thu, 20 Nov 2008 23:24:12 +0000

The Dow fell 444.99 points today, closing at 7,552.29. Ouch.

The S&P 500 fell 54.14 points today, closing at 752.44. Ouch.

The Dow is now at its lowest point since March 2003.

The S&P 500 is now at its lowest point since April 1997.

Check out CNN’s financial crisis coverage of the market’s collapse today.

How low can you go???

We suggest putting your money under your mattress during the next 6 to 12 months…