The U.S., Japanese and Chinese economies have regained their momentum and are leading the world in growth, according to the latest report Tuesday from a global monitoring group.
Tanzanian entrepreneur, Nadir Lalani has grown his chain of discount stores in difficult economic times in the UK.
Nadir Lalani, arrived in the United Kingdom in the recession-hit 1970s from Tanzania and started a small corner shop. Since then, he has expanded his successful budget retail business '99p Stores', throughout the country.
A record 44.7 million people -- or 1 in 7 Americans -- were on food stamps last year. But does that make Barack Obama the "food stamp president?"
More than one in five Americans saw at least a quarter of their available household income vanish each year during the Great Recession, and they lacked a sufficient financial cushion, according to a report released Monday.
Food giant Nestle, which has clocked up better than expected growth despite the economic downturn, is now extending micro credit to its suppliers to get them through the tough times.
Nestle S.A. CEO, Paul Bulcke talks to CNN's Marketplace Europe about maintaining growth in the current economic climate.
Former Sen. Byron Dorgan, a Democrat from North Dakota, served in Congress for 30 years. Former Sen. Judd Gregg, a Republican from New Hampshire, served in Congress for more than 20 years and was his state's governor for two terms. Both retired earlier this year.
It's a terrible time to be unemployed. Millions of people are out of work and finding a new job can take months, if not longer.
We may not immediately equate the activities of archaeologists to trash sifting. Or imagine that the glass-encased artifacts in museums might be one-time refuse. But quite often, this is exactly the case.
Right before the recession hit, the U.S. was undergoing a mini baby boom. Now, birth rates are declining fast.
History shows that the suicide rate tends to rise as the economy falls, but due to a lack of solid data, researchers haven't been able to confirm whether that pattern has held during the most recent economic crisis, the worst since the Great Depression.
Those optimistic about the nation's economic future (and count me as one) look to a litany of American characteristics that presage its revival: our comfort with risk and reinvention, a national confidence buoyed by short-term memory, even individual greed and bit of wishful thinking.
A devastating earthquake strikes Japan. A massive tsunami kills thousands. Fears of a nuclear meltdown run rampant. Bloodshed and violence escalate in Libya.
Businesses may still be suffering from the effects of widespread economic downturn, but the world's leading football clubs are earning more than ever according to a new report.
The Great Depression. Wall Street in 1987. Japan in 1997. Points of economic collapse are generally crystal clear in the rear-view mirror. Professional politicians in Japan have been telling stories for 20 years as to why they can prevent economic stagnation. In the US, the storytelling started in 2007. All the while, stock market and real-estate prices have repeatedly rallied to lower-highs, then collapsed again, to lower-lows.
Before the economic recession hit in 2007, Lana Melnik was a college counselor at Northeastern University in Massachusetts guiding hundreds of students towards employment.
Economists generally aren't worried about the U.S. or global economy falling into another recession. Looking at the bond market, many investors don't agree.
Toyota returned to profit for the fiscal year ending in March, despite the continuing economic downturn and a series of recalls that rattled consumer confidence in the United States, the Japanese automaker said Tuesday.
Embattled automaker Toyota sees its credit rating downgraded by ratings agency Moody's. CNN's Kyung Lah explains.
Toyota returned to profits for the fiscal year ending in March, despite the continuing economic downturn and a series of recalls that rattled consumer confidence in the United States, the Japanese automaker said Tuesday.
President Obama took his renewable energy push to the heartland Tuesday, trumpeting the merits of wind power during a visit to the state that launched him on the road to the White House a little over two years ago.
The number of unauthorized immigrants in the United States decreased by 800,000 from 2008 to 2009, the Department of Homeland Security said in a report released Wednesday.
Sajid was one of thousands of workers from India that traveled to Dubai for dreams of a better job and more money.
In Russia, where the government has designated alcoholism a "national disaster," men have an average life expectancy of just 60 years -- one of the lowest in Europe.
Vital Signs travels to Russia where in some parts of the country alcohol is killing half the population.
If you work at Walt Disney, you are not just an employee, you are a "castmember"-- and Thursday, the company boldly swapped the roles of two of its most senior executives.
A court sentenced a Chinese crime boss known as the "godmother of the underworld" to 18 years in prison Tuesday, state-run media reported.
CNN's John Vause reports on the trial of the crime bosses and triads rounded up and on trial.
Kelley Mulfinger thought she would be making a six-figure salary in marketing by her second year out of school. Instead, the University of Virginia alum is teaching a classroom of first-graders how to spell words like "care."
Americans appear to actually thrive on adversity, according to a study published this week that reached the conclusion after researching the nation's biggest economic downturn.
Interest in business training programs is at record levels, as the economic downturn sends students flocking back to school.
Mexican immigration to the United States has dropped sharply since 2005, but the flow of migrants returning to Mexico remains steady, according to a study released Wednesday by the Pew Hispanic Center.
MIAMI (AP) -- The Miami Heat have laid off employees as the national economic downturn has hit the AmericanAirlines Arena.
The worst troughs of the global economic downturn could be over, although there remain risks ahead, according to the man who spearheaded perhaps the most complete study yet of the genesis of the current financial crisis.
Microsoft said Tuesday that it is moving forward with a second wave of mass layoffs, getting the company closer to its target of 5,000 job cuts by mid 2010, according to an e-mail Chief Executive Steve Ballmer sent employees.
Jeff Yeager says the economic downturn is an opportunity for people to simplify their lives and be content with less.
"The Ultimate Cheapskate" Jeff Yeager offers tips on five ways to save $20,000 a year.
A British court Wednesday told a business financier he would still have to pay a $13.6 million divorce settlement despite losing a fortune in the credit crunch.
While automakers lay off staff and shut down plants in response to the economic downturn, one automaker announced Thursday that it will open a manufacturing plant in the United States, potentially creating hundreds of jobs in the area eventually chosen.
President Obama's National Economic Council head Lawrence Summers noted in his speech March 13 that the economic crisis has led to an "excess of fear" that must be reversed.
The House of Representatives passed a $410 billion spending bill Wednesday to keep the federal government operating for the remainder of fiscal year 2009, which ends September 30.
An all-American team is set to enter Formula One in 2010 -- bucking the global economic downturn which has forced motorsport's elite category to introduce a series of cost-cutting measures.
CNN's Larry King talked with former President Bill Clinton on Tuesday night at the William Jefferson Clinton Center in Little Rock, Arkansas.
Larry talks with former President Bill Clinton about a number of topics, including the stimulus bill and President Barack Obama.
CNN's Eunice Yoon reports on the ailing Asian toy market.
Toymakers struggling to survive the global economic downturn are turning to emerging markets and niche products in an effort to make up for lost revenue, industry experts and manufacturers said during the Hong Kong Toys and Game Fair.
If you haven't second-guessed yourself yet, maybe you just aren't paying attention.
SI.com has learned that Petty Enterprises two-car team will not return in 2009. The sole remaining organization from NASCAR's inaugural Cup season in 1949 will instead merge with fellow Dodge owner George Gillett. The No. 43 car once driven by "King" Richard in all but three of his 200 Sprint Cup victories will be added to the Gillett stable as a fourth car, while the No. 45 car once driven by second- and third-generation drivers Kyle and Adam Petty will cease to exist. Official word of the move is pending and could come as early as this evening.
A Congressional panel grilled five of the world's richest and most powerful hedge fund managers Thursday as lawmakers sought to understand how much blame they could assign the little-understood hedge fund industry for the global economic collapse.
Daughtry performs the Foreigner classic "Feels Like the First Time" for the League of First Time Voters.
BOULDER, Colorado: 'Fearful to go into our future'
The sense of recession deepens as jobless numbers rise. Expect them to climb toward the record, seen more than a quarter-century ago
With markets whipsawing day to day, and former blue chip companies in tatters, what investors want is a safe haven for their money. Ironically, climate change, that global environmental trend that could bring about the end of not just the stock market but civilization as we know it, may be that haven, suggests a just-released report by Deutsche Asset Management, the asset management arm of Deutsche Bank.
Soccer America spoke with U.S. Soccer Federation President Sunil Gulati -- who also teaches economics at Columbia University -- about how the global economic crisis may affect the soccer world.
Apple, Inc. said Tuesday its fiscal fourth-quarter profit beat the street, but revenue missed expectations. The electronics and computer maker also issued an outlook that fell short of Wall Street's forecast.
Fast-casual eateries will be the soup kitchens of this economic downturn, as the table-service restaurant industry takes a hit
Some rural Zimbabweans facing one of the hungriest years they could remember have been forced to live on a meal a day and in some cases only on wild fruits, the U.N. food aid agency said Thursday
As the economic downturn continues to hit consumers' wallets, market analysis firm J.D. Power is predicting even bigger drops in U.S. and global auto sales than it had previously thought.
Employers trimmed jobs from their payrolls in June for the sixth straight month, as the government's closely watched report Thursday showed continued weakness in the labor market.
Your paycheck is shrinking, gas costs $4 a gallon, and your house is losing value. Here's what can be done
The economic downturn is hitting middle-aged and older American workers hard, forcing more than one in four to postpone retirement, according to a survey released Tuesday by the AARP.
President Bush addressed Americans' anxiety about the effects that the U.S. economic downturn has taken on their wallets Tuesday, calling on Congress to pass legislation that will help reduce energy and food costs, keep people in their homes, and make student loans more available.
Poor and middle-class families are entering the recession in a precarious situation due in part to declining or stagnant income growth, a study released Wednesday has found.
Some economists say the United States is not in a recession, but don't tell that to the majority of American consumers.
History shows us that people still go to the movies when the economy is weak. Indiana Jones and Batman are hoping the trend holds this time around
China's fashion
updated: Mon Nov 26 2007 10:09:00
CNN's Monita Rajpal is at the Great Wall in China for a fashion show to remember.
This month Art of Life goes East.
Australian Prime Minister John Howard sets a federal election date. He will run against labor party leader Kevin Rudd.
The auction of a rare 1939 German race car, which had been expected to command the highest price ever paid for any automobile at auction, has been postponed, the Christie's auction house said Friday.
A rare 1939 German race car, expected to command the highest price ever paid for any automobile at auction, will hit the block in Paris in February.
Quick, can you identify the object pictured below to the right?
Chinese President Hu Jintao meets with President Bush in the nation's capital Thursday after a cross-country trip for Hu that follows his state dinner with billionaire Bill Gates.
As North Korea threatens to bolster its nuclear arsenal, millions of its undernourished citizens are barely subsisting because of severe food shortages, according to the U.N. food agency.
Real estate: If it is a bubble, and it bursts, how at risk are you?
Does Money Really Buy Happiness? Not In Japan, Apparently. Even the United States, the alleged capital of materialism, is not nearly as happy as its per capita income suggests it should be. Colombi...
Imagine, for a moment, that it all happened in reverse. Starting in 1996, a savage bear market began wiping out your stocks. You lost money year after year; you were the laughingstock of the world....
The U.S. economy has ground to a halt. That's certainly not news to anyone at this point. What you and the rest of the world are dying to know is just when America--that powerful, high-tech, and us...
Paul Deninger is chairman and CEO of Broadview Holdings, a technology investment bank and private-equity investor. He was interviewed by FORTUNE's Julie Creswell.
This month the U.S. entered the longest economic expansion in history--a record that has stood since the groovy boom of the 1960s. It should be time to celebrate; instead, the specter of history pr...
Long the pet of free-market theorists, the idea of using vouchers to make schools compete has gone mainstream. In New York City, Mayor Rudolph Giuliani is advocating the use of public funds for vou...
Economists rule the world. This is not a new phenomenon. "The ideas of economists and political philosophers, both when they are right and when they are wrong, are more powerful than is commonly un...
The great books about the current economic crisis have yet to be written, but FORTUNE asked a group of well-known market analysts and economists to recommend some titles that would help readers get...
Why does Fidelity--the supposed bastion of fundamental stock research--maintain a state-of-the-art chart room staffed by 10 technical analysts? "One knock you always hear against Fidelity is that w...
For decades, the only thing anybody had to know about forest fires was that they were bad--and that Smokey the Bear wanted us to prevent them. Then naturalists began pointing out that the success o...
Ever get a sneaking suspicion that the only difference between you and an economic pundit is that the pundit has all the facts and figures, and you don't? Like maybe the world economy could be your...
Ask Jack Smith if there are any GM CEOs he identifies with, and he replies, "We're focused in on Sloan. He came in when the place was upside down and got it straightened out." That's an understatem...
Of course not. But after reading Lost Prophets (Harvard Business School Press, $27.95), you could be forgiven for thinking they're a pretty accident-prone bunch, theoretically speaking. In the intr...
Thanks so much for October's investigation of the lavish lifestyle of governors, "Stately Splendor: How Our Governors Live It Up." Why should a governor have access to two cars, two planes and hund...
JUST WHEN EVERYONE from car dealers to home sellers to your neighborhood ( clothier is trying to get you to spend, spend, spend for the sake of economic recovery, why should anyone worry that Ameri...
IS THERE an economic phenomenon more frustrating than the federal budget deficit? For a decade it has mocked us, defying all efforts to eliminate it -- from the Gramm-Rudman-Hollings Act of 1985, w...
Fortune: GRADING GREENSPANupdated: Mon Sep 09 1991 00:01:00
In The Politics of Money: The Fed Under Alan Greenspan (Simon & Schuster, $24.95), David M. Jones critiques the performance of the chairman of the Federal Reserve system -- recently reappointed to ...
There's a whiff of recession in the air. Those with a pessimistic outlook, such as Irwin Kellner, chief economist at Manufacturers Hanover, believe it may be here already. Less dour seers, such as ...
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