Tag Archives: recession

Putin: ‘USA’s get-out attitude to Russia unacceptable’

Russian President Vladimir Putin started his large press conference at midday, December 20th. The conference brought together more than 1,200 Russian and foreign journalists.

The head of state started with statistics. According to him, the growth of GDP in January-October of this year made up 3.7 percent. According to Vladimir Putin, this is a good result. Recession in the world economy (and in particular in the euro area) became an obstacle for reaching better results, as well as a poor harvest in Russia. Last year, more than 90 million tons of grain were collected. This year, the harvest has dropped to 74 million tons. (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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10 Practical Steps That You Can Take To Insulate Yourself (At Least Somewhat) From The Coming Economic Collapse

Most Americans are still operating under the delusion that this “recession” will end and that the “good times” will return soon, but a growing minority of Americans are starting to realize that things are fundamentally changing and that they better start preparing for what is ahead. These “preppers” come from all over the political spectrum and from every age group.  More than at any other time in modern history, the American people lack faith in the U.S. economic system.  

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One in Four Missouri Families Worries about Food for their Children

COLUMBIA, Mo. ­— As the recession continues, economic casualties continue to mount. Daily, the media report that banks continue to foreclose on home loans and people are still losing their jobs.  

Missing from the headlines, however, is the growing number of people that are having more difficulty feeding themselves and their children. According to the 2010 Missouri Hunger Atlas, which was released by a University of Missouri research team, one in four Missouri families with children living at home worries about putting enough food on the table.

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