Tag Archives: economic crisis

UCLA-led study shows intoxication played bigger role in suicide deaths during economic downturn

People who committed suicide during the Great Recession of 2008 and 2009 were more likely to have been legally intoxicated at the time than those who committed suicide during other recent years, according to research led by UCLA professor Mark Kaplan.

Although one-third of all people who commit suicide are intoxicated at the time of their deaths, extensive research has shown that individuals who are unemployed or at risk of unemployment in a down economy are at increased risk for suicide. At the same time, people overall tend to consume less alcohol during economic recessions. (more…)

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UMD Study: Fiscal Cliff Could Trigger Deep Recession, Fear of Cliff Has Cut GDP Already

COLLEGE PARK, Md. – The so-called “fiscal cliff” has already begun dampening the U.S. economy – even before it officially kicks in – and by year’s end will have cut 2012 GDP an estimated six-tenths of one percent, says a new study conducted by researchers at the University of Maryland’s Interindustry Forecasting Project (Inforum).

The study, called Fiscal Shock: America’s Economic Crisis, is one of the first to look beyond the first year effects of the combined federal spending cuts and tax increases. It projects an escalating impact into 2014 and beyond, as “multiplier” effects of fiscal contraction kick in. (more…)

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The Tales Top Bosses Tell To Keep Ahead of The Game

Top bosses are expert storytellers who tell versions of the same four stories to keep ahead of the game, experts have found. Researchers from Exeter, Newcastle and Strathclyde universities have discovered four powerful messages are built into the often subtle and sometimes self-deprecating stories leaders tell about themselves.

The messages are about defying the odds, staying the course, succeeding through talent and giving back to society. The overall effect of this image-enhancing cocktail is to legitimise their positions as captains of industry.

Storytelling has long been recognised as a way leaders such as Winston Churchill or Steve Jobs maintained legitimacy. However, this research goes further, revealing how and why these stories are such a potent way of keeping stellar careers on track. (more…)

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