recession News

recession News From AOL News

In Hard Times, States Still Spend to Protect Farms

HAMDEN, Conn. -- Despite tough financial times following the worst recession in decades, some states continue to spend millions of dollars to preserve American farmland and stem its rapid loss to development and suburban sprawl. Advocates say the preservation efforts are needed to ensure food is available locally if...

Photographer Captures Upside of Recession

The recession was hard on a lot of people, but one Los Angeles photographer has found great personal satisfaction documenting the positive effects the recession has had on people. She's Remy Haynes, and the inspiration to show the good things that can happen during bad times came during a downtime in her career doing ads...

Secret Santa Pays Widow's Electric Bill

Just like good little girls and boys around the world, the employees of Socorro Electric Cooperative start looking for Santa come December. When she arrived this holiday season, she was even more generous than usual. A female customer who prefers anonymity drops by the New Mexico electric company every Christmastime and...

Why Aren't US Teens Having Babies So Much Anymore?

Is abstinence the new normal? The teen pregnancy rate hit a record low in 2009, according to new data just released by the National Center for Health Statistics. The birth rate last year fell to 39.1 births per 1,000 teens, a decrease of 6 percent from 2008. What's keeping America's teens childless? Surge Desk...

TARP Price Tag Down to $25 Billion, CBO Finds

(Nov. 29) -- Talk about bang for your buck! The Congressional Budget Office said today that the final price tag for the Troubled Asset Relief Program would total $25 billion when all is said and done. Considering that the U.S. government originally plunked down $700 billion to help rescue the nation's teetering financial...

Background on recession

In economics, a recession is a business cycle contraction, a general slowdown in economic activity. Macroeconomic indicators such as GDP, employment, investment spending, capacity utilization, household income, business profits, and inflation fall, while bankruptcies and the unemployment rate rise.

more at wikipedia »