Word: felling
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Americans relied less on borrowed money in April than they did in March-a sign that the pullback on debt-fueled spending continued into the spring. New data from the Federal Reserve shows that outstanding consumer credit which includes credit cards, auto loans and tuition financing, but not mortgages, fell by $15.7 billion to $2.52 trillion, an annualized drop of 7.4%. That marks the second-largest dollar drop on record, following March's $16.6 billion decline...
...more popular than ever. Last year, global netbook sales exceeded those of the iPhone; despite the recession, demand remains strong. Brian Chen, PC analyst for market research firm Display Search, predicts second quarter sales will exceed 9 million units, a 50% increase over the first quarter. (Global computer sales fell 7% in the first quarter compared with the same period in 2008.) "We've already increased our forecast [for netbook sales] to 30 million this year and they'll probably count for 24% of all notebook PCs sold," says Chen, who called the growth of the category "amazing...
...happened. At the end of May, just over 7% of the nation's workforce was employed in the financial-services business, unchanged from December 2007, when the downturn started. In all, the government said the economy lost 345,000 jobs in May - a significant improvement from April, when employment fell by just over 500,000. The banking and insurance businesses, though, accounted for only about 5% of May's losses, or 19,500 jobs...
...study involved 316 adolescents, ages 13 to 17, in four cities. All of the teenagers had a history of depression or current symptoms that just fell short of a clinical diagnosis. The teens also had at least one parent who had been diagnosed with depression...
Rice's historical prescription fell mostly on deaf ears. When Obama stands before his own crowd of Egyptian students, he is likely to avoid her mistakes, and instead emphasize the need for a respectful conversation...