Word: ending
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...orders by manufacturers, just posted its first gain in seven months. Consumer confidence increased in May and is now at its highest level in eight months. According to a survey by the National Association for Business Economics, over 90% of economists are predicting that the recession will end by December. (See TIME's recession photo-essay "Stores That Are No More...
...takeaway from this data? First, some recession fatigue has set in. "People have done an awful lot of cutting back in the last 18 months," says Wendy Liebmann, CEO of WSL Strategic Retail. "There's not much more they can do. They've figured that it's not the end of the world here, and there are places where you can open up your wallets." She points to another stat: 1 in 4 of the shoppers WSL surveyed said they were "tired of watching every little penny and are ready to break out a little." The top categories they desire...
...Given all that, what do WSL's consumer psyche measures say about the fate of the recession? "We see it more as the end of the beginning," says Liebmann. "There's a very big cloud still over the consumer. We've been through the first phase, and we hope the worst has happened. Shoppers are feeling a little bit chipper, but there's still more to go." Sure, additional economic tumult may be coming. But at least we can enjoy a little calm...
Canadian Prime Minister Stephen Harper said on Monday that his government will invest $9 billion in General Motors of Canada Ltd. to keep it alive amid harsh criticism that the unpopular bailout will end up costing Canadian taxpayers millions of dollars for each assembly-line job saved...
...end, the Chancellor got her way. On Saturday, a beaming Angela Merkel held a news conference in Berlin to announce the breakthrough. There was no hiding her delight, and relief. "The deal is a real chance for Opel workers," Angela Merkel said. "The workers aren't responsible for this crisis. The mismanagement at GM in the U.S. was to blame," she said. (Read about Merkel in the TIME...