Recession

Two (2) Foolproof Things You Must Do To Make Money In This Recession! This article profiles two (2) foolproof home business strategies that generate significant monthly income online. This is a comprehensive guide that includes, in my opinion, the biggest stock trading secret [...]

In October 1929, the world rocked with a financial crash that led to severe depression and the naming of Black Friday. They say history repeats itself and never has it proved to be truer then when The Great Wall Street Crash was reenacted nearly 80 years later. But, the good news is that, despite the rough market situation, and the rumors that things haven’t been this bad since 1929, ITians need

Today was indeed a violent day for United States financial markets. Dow Jones Industrial Average (DJIA) fell by 679.95 points (-7.70%) after official announcement that United States confirmed in recession. NASDAQ fell by 137.50 points (-8.95%) while S&P 500 plunged…

As if we needed the reminder that things suck, the official word is out–we’re in a recession. It makes me laugh that we’re finally admitting how badly things are.  I mean, when you consider the crap that we’ve been through over the past couple of years, you’d think that admitting we’re in a recession should be [...]

It's official: The economy is in a recession The National Bureau of Economic Research said today the U.S. has been in a recession since December 2007, CNNMoney reports, making official what most Americans already believe about the economy. The NBER is a private group of leading economists charged with dating the start and end of economic downturns. How come it took NBER so long to admit what cons

Ahhh nothing is more tasteless and classless than New Money. The nouveau riche of China are fiddling as their country burns tons of cash to keep their economy afloat. Check out the watch made from rusty Titanic steel - if I ever met the guy who bought that I would break a beer bottle over his head!

In one of its recent articles CIO Magazine listed the major reasons why technology industry will survive the economic recession. It looks quite comforting that despite all of the forecasts and instability, most IT industry experts are predicting that sales of software and services will be growing at a healthy clip again within the next 18 months. IDC forecasts that the market will grow 2.6 percent

Definition of Recession As the financial crisis continues we’re told the world is heading into recession, but what exactly does this mean? Technically a recession is defined as two consecutive quarters of negative growth. Under normal circumstances economic output increases, so that the economy as a whole produces more than it did in the past. But sometimes [...]

By Pan Pylas, AP Business WriterOECD says developed world could face worst recession since early 1980s; warns of deflationLONDON (AP) -- The financial crisis will likely push the world's developed countries into their worst recession since the early 1980s, the Organization for Economic Cooperation and Development (OECD) said Tuesday.In its half-yearly economic outlook, the Paris-based organization

The recession the economy and the future So what does all the recent money situtaion really mean? Whilst its good news at first in VAT is to be cut, but only for 13 months. Mr Darling believes that "the recovery will be underway" by the time it goes back up to 17.5%. However with the current [...]

Marketing professionals across the globe are collectively scratching their heads wondering what today’s economic challenges have done to the strategies and practices of yesterday -... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

That's what Apec world leaders and experts are saying after their big meeting. We will just have to wait and see but whatever they do will it be a good solution or just a quick fix? Afterall, these bastards are the ones that were making money hand over fist before the bottom fell out. Even if they do 'FIX IT' by 2010, who is to say we won't be facing another meltdown by 2013?

By Mike Tekula (c) 2008These are tough times, no doubt. The pinch is on every business to cut unnecessary costs and improve efficiency. Those businesses that were squeaking by to begin with are now in danger of closing their doors. Advertising is usually one of the first items on the chopping block (though it shouldn't be). You've got to cut costs, and you certainly don't want to la

90% of my questions lately have been related to the recession, banks failing, and all the other bad news this year. And while it is traumatic to find yourself suddenly unemployed, it's also worthwhile to take a step back and find some humor in the bigger picture. Humor? Whenever layoffs begin, everyone gets nervous about their own job security - and that can lead to some great stories. Sometime

There is no getting away bad times are upon us and the recession is a reality and so in these times check out this interesting presentation highlighting on how moving to digital medium can help survive this recessionMore:World's best presentationsBasic mistakes made in a ppt

While most businesses tighten their budget on marketing, The UniversityDodge.com has another idea. Small business owners often make this mistake in cost-cutting regime - they cut their marketing budget above anything else. So wrong. Marketing is very important to bring in many prospects, that more often than not will increase your small business exposure and revenue. While many marketing [...]

By Mike Tekula (c) 2008 These are tough times, no doubt. The pinch is on every business to cut unnecessary costs and improve efficiency. Those businesses that were squeaking by to begin with are now in danger of closing their doors. Advertising is usually one of the first items on the chopping block (though it shouldn't be). You've got to cut costs, and you certainly don't want to lay off

I love it when folks who are in charge of the eonomy claim that they didn't see the recession coming, or they didn't expect it or they are shocked by it. There is little doubt this week's developments signalled a change in the economic conditions affecting the province -- and in the messages coming from the Stelmach government, said political scientist Peter McCormick of the University of Lethbrid

Stocks slumped worldwide, one day after the FED said the country's gross domestic product could be flat or grow only marginally this year, and might shrink in 2009. According to FED report the positive economic growth is only likely to return in 2010 and predicted further interest rate cuts might be necessary. This news triggered a series of falls in all markets, with European and Asian markets be

The International Monetary Fund has approved a £1.4bn loan for Iceland. Council finance chiefs across Britain have also been meeting with creditors in Iceland to secure money invested in the country's failed banks.Meanwhile, markets around the world have fallen sharply. The FTSE is below 4000.Sir Alan Sugar has some advice for businesses on how to deal with the recession in this video for the Yor

What’s a recession ? The term recession entails widespread decline in the GDP and employment and trade lasting from six months to a year. And as the cliche goes, whenever the US sneezes, the world catches a cold. This is evident from the way the Indian markets crashed taking a cue from a probable recession in [...]

I saw something tonight that I didn’t think I ever would see again. Gas under $2/gallon. This summer when we were paying $4/gallon, it was just understood that high gas prices were here to stay.  With rising demands from China & India we needed to get used to paying these kind of prices.  People traded in their [...]

It seems to me that all we hear lately is recession, recession, recession. The economy is in downturn, the interest rates are being slashed, the unemployment is on the rise, jobs are at stake and people are panicking. This has to stop. No related posts.

Remember my post After the global financial crisis comes the global humanitarian crisis?Well today both the optimists and the pessimists hit the news. Or maybe they are both pessimists.On one hand the International Federation of Red Cross and Red Crescent Societies (said to be the largest humanitarian organisation in the world) is considering cutting staff and shelving projects as it braces for re

The Federal Reserve now expects the recession to last as long as one year with the risk that the slowdown may last even longer. Federal governors warned that the economy is expected to contract throughout the rest of this year and the first half of 2009. A year long recession would make this the longest recession since the 16-month recession in 1981.

A lot of people think that an economic recession is bad. While that is partly true, there are certain benefits.  Start your own internet business blog to beat the recession. When the economy is in recession, it won't be long that you will get a check from the Internal Revenue Service or IRS. This may [...]

I’m kinda sick and tired these few days. Can say that I’m not in the right mood. Perhaps due to being over concerned about the negative effects of recession or some other matters? Argh… Whatever my concerns are, let me share them with you. Concern 1 I’ve been to several job interviews for the past 2 weeks. However, the [...]

The ABA Journal is surveying lawyers about the job market and the current state of the economy. I am letting readers know about the Journal's survey with a mention on my blog. Here is the link. Survey results will be published in the January ABA Journal.

SYDNEY, Nov 19 - The outlook for Australia’s economy is its weakest in 20 years, raising the risk of a recession in 2009, according to an index of economic trends. The annualised growth rate of the leading index, compiled by Westpac Banking Corp. and the Melbourne Institute, fell to 1.1 per cent in September from 3.5 per cent in August. The monthly index measures the likely pace of growth three

Online businesses are likely to weather the recession better than most traditional businesses. However you can’t be complacent. Here are 21 things you can do to help your business weather the storm.

With me, it’s not that I’ve lost a job, or have huge health care bills or even have to take care of children.  I’m trying to live on a scholarship that gets hacked down to only 80% of its size just because it crosses the border.  Imagine having to pay a 20% tax on your [...]

Stock Market - Recession November InvestingI have been asked why I did not foresee the pattern of events that led to this sizable collapse in the financial markets. I’ve asked myself the same question. Although the troubles started with subprime debt, a relatively small part of the debt market, they snowballed; producing losses in global equity markets about thirty times the total amount of subp

Stock Market - Recession November InvestingI have been asked why I did not foresee the pattern of events that led to this sizable collapse in the financial markets. I’ve asked myself the same question. Although the troubles started with subprime debt, a relatively small part of the debt market, they snowballed; producing losses in global equity markets about thirty times the total amount of subp

The first paragraph of Wachovia’s Report is a tough one, but I think a first real honest look at where we are in today’s market…. A Serious Recession Has Set In While the NBER will not likely get around to declaring when a recession began until late January or early February, there is little doubt a serious [...]

Jan BlencoweAbout This Painting: Palette knife, lots of texture and colorTitle: Landscape Echoes 13Media: acrylicSize: 16 in X 8 in (40.6 cm X 20.3 cm)Price: $135 + $5 shipping in the USAPay safely and easily w/ credit card through Paypal.How to Purchase:send me an emailI just love pushing paint around with a palette knife. It's such a different experience than using a brush. Colors blend on the c

LAHORE: The loan pledged by IMF would inflate poverty and recession in economy while states production ratio would also slide, said President Pakistan Business Forum in a meeting at Lahore Chamber of Commerce.He demanded the Ministry for Trade Development to reveal all the conceal conditions of IMF which based for IMF to lend this bailout package to Pakistan.Another official Irfan Shaikh said that

The economy of Japan, the second largest in the world, behind the U.S, unexpectedly contracted in the third quarter. According to the Japanese Institute of Statistics, the country's economy contracted to an annualized rate of 0.4% in the third quarter, surprising economists that pointed to a slight growth of 0.1% in same period. The prospects for future are not good. The contraction may even widen

Federal Reserve Releases Economic Survey The Federal Reserve Bank of Philadelphia completed and released its quarterly economic survey and found that private-sector economists said they believe the U.S. economy did in fact fall into an economic recession last spring.  The economists surveyed said that they also expected a sever contraction during the fourth quarter 2008. Job Losses to Co

According to a survey conducted by the Federal Reserve Bank of Philadelphia, private-sector economists indicated that they believe the United States economy fell into recession last spring.  The economists also  expect a sharp contraction during the fourth quarter 2008.  The Federal Reserve Bank of Philadelphia's quarterly Survey of Professional Forecasters also

LONDON/TOKYO (Reuters) - Japan became the latest major economy to fall into recession on Monday with France close behind, and the IMF said it needed at least $100 billion to fight the billowing economic crisis enveloping the world.

Stocks opened on a flat note with a positive bias on Monday tracking Asian peers. National Stock Exchange’s benchmark Nifty rose 13.15 points or 0.38% to 2823. Bombay Stock Exchange’s 30-share Sensex climbed 34.70 points to 9420 from Friday’s close. Japan contracted at an annual pace of 0.4% in the July-September period after a declining an annualized 3.7% in the second quarter. Falling b

WASHINGTON (Reuters) - The U.S. economy is in recession and will contract at a faster pace in the fourth quarter, extending the decline into early 2009 as high unemployment crimps consumer spending, a survey showed.

Poppy Pleasure, 8x16, acrylicJan BlencowePrice: $135 + $5 shipping in the USA to purchase send me an e-mailjan.blencowe@comcast.netPay safely w/a credit card through paypalSomething warm, colorful and reminiscent of the south of France to brighten a dull November day. I'm lovin' this 8x16 in. size. It's not really BIG, but because it's twice as long as it is wide it gives a very expansive feel to

Forum discussion extracted from the Singapore Property Forum:"Just read in today Straits Times "Surge in layoffs expected" and numbers likely to jump beyond the peak suffered during the 1998 Asian financial crisis. About 30,000 jobs were lost then... This spells doom for Singapore private property market, most people will go for HDB be it for newly weds or down grading, it's a safer choice." "Sing

World leaders on Saturday backed a rapid action plan for the global economic crisis, agreeing on the need for measures to spur growth, better financial market rules and more say for emerging countries. "We are determined to enhance our cooperation and work together to restore global growth and achieve needed reforms in the world's financial systems," the leaders of more than 20 industrialize

The Issue: Peter Schiff, the President of Euro Pacific Capital, predicted the economic crisis currently occurring in the United States back in 2006.  The following video shows Schiff providing commentary on various network news programs.  A believer in Austrian Economics, he was obviously in the minority opinion..until now. Peter Schiff is the President of Euro Pacific [...]

Would you be interested in learning some practical steps that you can take right now to grow your business -- regardless of the state of the economy? OneCoach CEO John Assaraf hosted a webinar on that topic Tuesday.

With news of Europe’s biggest economy, Germany, entering recession after shrinking for the second successive quarter, it is no surprise that a new study reports concern about the future development of Germany’s car market. Earlier this year authors of the report predicted that sales were going to remain lower by almost 5% in 2008. They say [...]

I recently prepared a powerpoint presentation about the US Recession and its impact on India. Here I am sharing it with you. It will help you gain insight about what is happening and how it is affecting us. US Recession and Its Impact on India - Upload a Document to ScribdClick here for the full view of this presentation. And here is the document page - US Rece

Oil fell $1, nearing $57 on Friday taking back some of the four percent gains of the previous session when an equity market bounce helped pulled prices higher. U.S. crude futures for December shed $1.03 to $57.21 a barrel at 0956 GMT after closing $2.08 higher on Thursday. London Brent crude for January, the new front-month, lost $1.30 to $54.94. Expectations that OPEC would cut output again late

Government data show that the Italian economy is officially in recession. Europe's fourth-largest economy recorded negative growth for the second consecutive quarter in the third quarter. The ISTAT statistics office said Friday that gross domestic product in the July-September period contracted by 0.5 percent compared with the previous quarter and by 0.9 percent compared with the same quarter in 2

In news which should surprise no one, all of Europe has moved into a recession. According to The Wall Street Journal, "The European Union said the 15-country... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

Honestly speaking, I've seen many ups and downs of restaurants alike - From little ones to market leaders. And these restaurants are so bundled up in a bubble where it could burst anytime when recession is around, or when a group of people spoil the market. Usually, those who thrive will continue thriving, those who suffered, unfortunately, will suffer even worse or maybe die off.All these years o

Treasuries have risen over the past week as risk aversion has picked up. The rebound in investor fear would seem counter-intuitive considering some of the events that have dominated the headlines.    US Treasuries • Treasury Secretary Henry Paulson Focuses Efforts Of Bailout Package • Will The G20 Offer More Than Threats To A Struggling Market? Treasury Demand Rise

German economy is now officially in recession. The Europe’s largest economy, contracted more than economists expected in the third quarter. The Gross domestic product dropped a seasonally adjusted 0.5% from the second quarter, when it fell a revised 0.4 percent, the Federal Statistics Office in Wiesbaden said today. The last time that the German economy has contracted for two consecutive quarter

So we are all watching the stock market run up and down a few hundred points each day. Sometimes down 500. Sometimes 700. Rarely up much. Volatility is high and confidence is low. Pretty much everyone has experienced a paper loss in one way or another, whether its through a retirement plan, a stock portfolio or even a drop in the value of their homes. Even food prices have spiked. Consumers are ti

Recession, recession, everywhere we turn, we are faced with this dreaded word. For those who are still shy to utter recession, let's not kid ourselves anymore. The earlier we face up to the truth, the faster we are on the road to economic recovery.

Both Labour and Tories have yet to confront the realities of the downturn - least of the full horror of the return of mass unemployment. Martin Bright reports Anyone who has ever experienced the misery of unemployment will have felt a chill on hearing this week's labour market statistics. It is a truth universally acknowledged that rates of alcoholism, drug abuse and depression rocket in times of

Unemployment in the UK and US is rising very sharply.US unemployment has reached a 14 year high of 6.5%Yesterday, 4,000 jobs were lost in the UK alone; many fear unemployment could rise to 2 million by the end of the year, with further rises in 2009. [UK Unemployment]What Kind of Jobs are Safe in a Recession?Economists - There is always a demand for economists to explain why we got into this mess

Recession Paintings Priced Right for Today's EconomyJan BlencoweAbout This Painting: Palette knife, lots of texture, bold color, museum quality panelTitle: Landscape Echoes 10Larger paintings smaller price so you can keep collecting no matter what the economy does.Media: acrylicSize: 16 in X 8 in (40.6 cm X 20.3 cm)Price: $135, + $5 shipping in the USAHow to Purchase:send me an emailIn better time

There has been a tremendous response to the first article on what to sell during a recession and it has sparked a number of interesting conversations. One of these conversations revolved around the topic of how people who have filled their lives with luxuries like expensive cars, clothes, club memberships, etc. satisfy their urge for luxury when they lose the means to support the habit.The answer

The financial news is pretty clear these days: The United States economy is in a deep recession and the world economy is coming along for the ride. To many, it seems like a bad time to try and sell products online - but they couldn’t be more wrong.An interesting thing happened on ‘Black Monday.’ As the bottom fell out of the stock market and trillions of dollars in investor wealth vanished i

Jan Blencowe About This Painting:Semi Abstract LandscapeTitle: Landscape Echoes 9Media: acrylicSize: 20 in X 16 in (50.8 cm X 40.6 cm)Price: $480, includes shipping and insurance in the USAPay safely and easily with a credit card through Paypal.How to Purchase:send me an emailI hear it from so many artists. Sales have been slowing to a halt. The economic hardships are mounting for buyers and arti

The current global financial crisis, which is getting worse every passing day, has already been termed as a "financial tsunami" by many experts. 'Recession' and 'inflation', these days, are quite hot topics in the media. This post does not intend to discuss the global economic crisis in general; however, I am going to share the story of a country which has been facing an unprecedented level of in

Stock Market - November Recession OutlookWell, it is pretty clear that we are now in the thick of a recession. The November 7 U.S. employment report for October showed a rise in the unemployment rate from 6.1% to 6.5% and a 240,000 decline in payroll employment in October. Also, there was a big downward revision of the September figure to a 284,000 decline. Previous to September, the employment de

Will China see a real GDP contraction?They are beginning to kitchen sink (sort of… $586 billion stimulus package) their economy at a 9% growth rate yet who says they can’t go negative?What are the global ramifications of China’s economy actually contracting?

Published by Niall Devitt, Btb Business Training This post is the result a conversation I had with one of my clients who is very nervous in terms of what the future holds for her business. Siobhan, this is for you. Firstly, Lets get real here, this is by no means the first, worst or last recession. In [...]

If you’ve been reading the headlines these days, you’d know the world is balancing on the biggest global recession, perhaps the worst in all of history. Are our leaders are scrambling for solutions? First problem: increasing cost of electricity and the damaging effects of electricity over-usage I do not know which parts of our oceans are high in [...]

THE world could easily slide into a global recession, the Asian Development Bank warned on Friday, adding that growth in Asian economies will slow further next year amid weaker demand for their exports.Recent dismal trade, employment and manufacturing data all point to a shrinking international economy and falling consumer demand for products made in Asia, said ADB Managing Director General Rajat

Unless you live in the wilderness, you know the news on the economy is not good. Employers have been cutting workers from their payrolls for six months straight, according to the Labor Department, and economists don't expect the job market to improve any time soon. With all this talk about a recession, it's hard to feel any kind of job security lately. However, starting an online business can be a

"broke" (film) ( (my blogger links feature is also broke)interesting article of the day! the JC report had this insightful article on "What Sells During An Economic Downturn." excerpts below: Last week alone, Women's Wear Daily reported that US retailers are cutting orders by an average of 10-15% due to the economic climate, while it was announced that consumer confidence reached an all-time lo

Jimmie Johnson's spotter, Stevie Reeves, was told he would not return to the No. 48 Chevrolet team next season, Reeves confirmed Tuesday night.Reeves and the Hendrick organization part on good terms. Reeves has already been contacted by other teams and is weighing his options."They wanted to give me plenty of time to find something before Homestead and not leave me hanging high and dry," said Reev

The Government has voiced its concern over the alleged introduction of a New type of drinks dispenser in offices of some of the biggest names in the city. Mr Brown has asked for the city to remain calm as the recession hits the country.Miss D Point, Chief Executive of one of the worst hit Hedge Fund firms confirmed, "Well I cannot see what the problem is. The atmosphere has certainly lightened sin

Finally the economic down turn is on. Most of the economies facing sharp decline due to great changes happening in the macro-economic level. All of us required to take some necessary actions to protect our self from any possible problems and to be in safe side. Here are some important strategies for us to protect against economic recession. Read further…There are three major areas you would focu

Dr Rahul Pandey writes: I do not remember witnessing this kind of global panic in my lifetime. Probably the twin towers crash generated a reaction of similar magnitude as the recent financial meltdown and recession. Among others, a lot of well off people are going to be directly affected by the current financial crisis, hence these [...]

What can the government and monetary authorities do in a Recession?1. Monetary PolicyLower interest rates usually increase consumer spending and investment.Lower interest rates:reduce cost of borrowing encouraging investmentReduce cost of mortgage payments increasing disposable income of homeownersReduce incentive to save.It is hoped that if MPC cut rates a serious recession might be avoided. US i

The Comics Reporter writes several points about why the economic recession does not bode well for the future of comics (via The Beat): 1. Comics clearly aren't recession proof. I would argue they never were. Some of comics' darkest days came during recessionary periods in the '50, '70s and '80s. 2. There are a number of reasons to believe that comics are currently more susceptible than ever

In recent months, there’s been much speculation that the United States is in a recession. Even though the numbers don’t reflect a recession, consumers still feel like something is wrong with the economy. How do you know if the country is really in a recession? According to the National Bureau of Economic Research, a recession is [...]

Thirty US states were mired in recession in September, and 19 others are at risk of falling into recession in the coming months, a survey by ratings agency Moody's Investors Service said on Tuesday. Moody's defined recession for the study as a decline in a state's gross domestic product (GDP) on average over a six-month period, compared with the prior six-month period.According to the March-Septem

Champagne lovers won’t be popping Lil Wayne’s bottles anytime soon. XXLMag.com has learned that Weezy has put an indefinite hold on introducing his Halo Champagne. Sources told XXL Wayne didn’t think it safe to release Halo due to the country’s struggling economy. As previously reported, Wayne partnered with Milestone Brands and Voirin-Jumeh to create Halo Champagne [...]

The recession has hit and I've seen a slew of articles about fashion on a budget.  But have you cut back on the amount of money you spend on shopping?  If you're already a consumer of designer goods, have you paused purchasing luxury items?  If search habits are any indicator, if you were into high-end goods before, odds are, you're still seeking out your beloved Burberry and going after the l

Spain could enter into recession, after other European countries have entered into contraction, said today the Minister of Finance of the country, David Vegara. The Spanish government estimates a growth of 1.6% this year and 1% in 2009 and a recession is not part of the official forecasts. Spain grew more than the euro zone for more than ten years, before the crisis dampened the boom in the constr

WASHINGTON - Evidence of a recession piled ever higher Friday, with new figures showing Americans are spending less and gloomy about the economy, while the government signaled it won't buy stock in... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]

While we are seeing the worst recession of recent times with slow economic growth. A slower growth means some companies my consider downsizing. The recession in USA is closely linked to recession in other economies as the links now are very tight. Considering the global nature of problem - we may see job cuts not only in USA but across the world. To ensure that you keep your job if times get tough

The first instinct of many businesses in the face of recession is to go into the crouch position and start cutting costs immediately. Cutting costs is certainly one strategy to help maintain a healthy bottom line, but shouldn’t you and every other business owner consider an additional second option: trying to maintain or even increase sales? While it can be difficult and expensive to invent

Every day I watch the stock market fluctuate and my heart races when it dips. Our economy is screwed and my hard-earned retirement savings are now half of what it had been just months ago. Obviously, I’m not alone and…

I work for a service organization in NYC that works with over 330 non-profit theatres throughout the City. This morning, we held a (arts and theatre) community-wide forum on the economy. The timing couldn't have been better, for not long after I got back to my desk, I came upon the following on imdb.com during my lunch break.The movie business may not be as recession proof as some industry executi

Good news for Pune real estate! Eyeing the estimated localisation contracts worth Rs 40,000 cr from global defence equipments manufacturers over next five years, Pune-based DEMA Manufacturers' Association has proposed a 100-acre "defence cluster" near Pune on public-private partnership basis.The proposal submitted to the ministry of defence looks at setting up 50-70 manufacturing units along with

The economic climate as of late has become demonstrably unstable and, as a result, many businesses are battening down the hatches and making preparations for the upcoming fiscal year. This means cutting down on operating costs, eliminating projects that don’t have an immediate impact on the bottom line, and implementing other cost-cutting initiatives. Over the next few weeks, we’re go

Global recession has begun to hit Bangalore hard, especially in the city’s famous information technology (IT) industry. This has been brought to light by the recent industry monitor survey conducted by the Confederation of Indian Industry (CII) – Southern Region.The CII’s bi-annual report, published on Tuesday, says Karnataka's IT industry has witnessed a fall of about 5 per cent in manpower

In times of economic crisis, far too many business owners revert to “safe mode” as panic spreads. A "responsible" course of action typically includes one (or more) of the following: Tightening purse strings Laying off key employees Putting growth plans on the backburner Doing anything different may be seen as “risky”. But this conventional wisdom couldn't be more wrong