Global Fears of a Recession Grow Stronger at izbrano

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Global Fears of a Recession Grow Stronger

NY Times - The vertiginous drop in stock markets on both sides of the Atlantic on Monday reflected not only those fears, experts said, but also a growing belief that the crisis could tip the world into a global recession.

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Germany, Industrialized World Enter Recession

Spiegel - Germany’s Federal Statistical Office has announced that the economy is now in recession, with third-quarter data even worse than expected. The figures aren’t much different elsewhere, with the OECD reporting the industrialized world is slipping into recession.

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Work with the world

Guardian, by Jeffrey Sachs - A mess has accumulated through years of household excesses, unregulated finance and woefully deficient government leadership. We need to turn this around, but can’t do so overnight. Let’s batten down for the recession, work with the world to keep it as limited as possible, and plan to emerge [...]

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The Atlantis stages most expensive launch party ever

Telegraph - The global recession may be biting, but try telling that to the Hollywood celebrities and billionaire business moguls who attended the opening of Dubai’s latest luxury resort, The Atlantis.

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