News and Information On the Great Recession

Tough Times News

AP Interview: Roubini warns of tough times ahead - The Associated Press

2012-01-28
The Associated PressAP Interview: Roubini warns of tough times aheadThe Associated PressRoubini, widely acknowledged to have predicted the crash of 2008, sees tough times ahead for the global economy and is warning that without major policy changes things can still get much worse. Until Europe radically reforms itself and the US gets ...and more »

Tough Times for Kelly - Wall Street Journal

2012-01-26
Wall Street JournalTough Times for KellyWall Street JournalThe New York Times first reported that the female accuser reported to NYPD detectives that Mr. Kelly raped her on Oct. 8. Prosecutors and police didn't comment on the investigation Thursday. Mr. Kelly was apparently approached about the alleged assault ...With Rape Inquiry, District Attorney Again Finds Himself in a Tough SpotNew York TimesNYPD's Kelly Facing Heavy Criticism, Calls To ResignNew York's PIX11 / WPIX-TVall 1,377 news articles »

Hard Times in Hebron - by Jackie Spinner - Foreign Policy (blog)

2012-01-27
Foreign Policy (blog)Hard Times in Hebron - by Jackie SpinnerForeign Policy (blog)It raises tough questions as to just what are the tangible benefits for the US, or for lasting peace and security between Israel and the Palestinians, derived from decades of assistance provided by the United States taxpayers.and more »

Local Leaders Call For Charity In Tough Times - CBS Local

2012-01-27
CBS LocalLocal Leaders Call For Charity In Tough TimesCBS Local“The support that we have to help out with out food banks here is has been pretty difficult,” said Hackel. “There's been a lot of people who have been very supportive, either by giving us some food or working with some other organizations to help us ...and more »

Google's Schmidt: Internet Winning in Tough Times - CNBC.com

2012-01-26
CNBC.comGoogle's Schmidt: Internet Winning in Tough TimesCNBC.com"In a tough time like this you can use the Internet to substitute less expensive ways of reaching your customers. Advertising is less expensive, it's more effective. So the Internet does not seem to be as affected as other industries,” he added.and more »

Google’s Schmidt: Internet Winning in Tough Times

2012-01-27
“The Internet continues to win whether it’s a tough time or a booming time," Schmidt said. "In a tough time like this you can use the Internet to substitute less expensive ways of reaching your customers. Advertising is less expensive, it’s more effective.

AP Interview: Roubini warns of tough times ahead

2012-01-28
Economist Nouriel Roubini, nicknamed "Dr. Doom" for his gloomy predictions in the run-up to the financial meltdown four years ago, says the fallout from that crisis could last the rest of this decade.

Tough times in Sin City

2012-01-26
Las Vegas reliance on single industry magnifies recession's impact; State's largest casinos lost $4B in 2011

JFK predicted 'tough' times for Texas trip

2012-01-25
JFK predicted 'tough' times for Texas trip Associated Press Copyright 2012 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Updated 01:03 p.m., Tuesday, January 24, 2012 BOSTON (AP) — Final recordings President John F. Kennedy secretly made in the Oval Office include an eerie conversation about what would become the day of his ...

NFL on the ball during tough economic times

2012-01-22
It may be tough times for millions, but for the National Football League -- it couldn't be better. The league is seeing record-breaking television ratings and rising revenues, leaving other American sports leagues behind the ball.

Obama administration expands foreclosure prevention program

2012-01-27
The Obama administration is taking another swing at improving its main foreclosure prevention program.

Retirement saving: Don't shortchange the later years

2012-01-27
Many people think they can plan on spending less later in retirement since they'll become less active as they age. But if their health declines, they may actually shift spending rather than reduce it. Do you think it's risky to plan as if one's expenses will go down later in retirement? --Tim, U.K.

Mortgage probe unveiled as foreclosure talks loom

2012-01-27
President Obama's latest probe into the mortgage meltdown will have more power than past efforts, and federal officials say it won't derail a possible $20 billion settlement for underwater and foreclosed homeowners.

FDA blocks orange juice shipments from Canada

2012-01-27
The Food and Drug Administration said Friday that it had detained orange juice shipments from Canada after they tested positive for low levels of a banned fungicide previously found in Brazilian juice. The FDA announced earlier this month that it would begin testing foreign orange juice shipments for the presence of the fungicide carbendazim before allowing them to enter the country. On Friday, the agency said that among 80 shipments from around the world it tested so far, six from Canada and five from Brazil had tested positive. The samples that have tested positive so far had carbendazim levels of between 10 and 52 parts per billion. The Environmental Protection Agency says carbendazim levels under 80 parts per billion do not raise safety concerns.

Italy, Spain downgraded by Fitch

2012-01-27
Fitch downgraded the sovereign debt ratings Friday of five European countries, with Italy and Spain taking the biggest hit.