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Britain climbing out of recession as economic growth returns The recession is probably over leading experts have declared as evidence showed that key parts of the economy were growing again. TelegraphPoor language skills `hamper UK` Campaigners say the UK needs more language graduates to help it emerge from the economic downturn. BBCConsumers slash borrowing by record amount Consumers slashed their borrowing in July by the largest amount on record as job losses and uncertainty about the economic recovery prompted Americans to rein in their debt. MsnBorrowing slashed by record amount Consumers slashed their borrowing in July by the largest amount on record as job losses and uncertainty about the economic recovery prompted Americans to rein in their debt. MsnRecession officially over, says thinktank Figures from National Institute for Economic and social Research show strong rise in manufacturing output, up 0.9% in AugustEconomists declared the recession over today as official data showed mothballed factories springing back to life and rising optimism in the City stoked a new merger spree.The FTSE 100 index of blue-chip stocks pushed close to the 5,000 mark for the first time since the aftermath of Lehman Brothers's collapse 12 months ago, prompting the second multibillion pound deal of the week.Meanwhile, government figures showed that Britain's hard-pressed manufacturers had cranked up production for a second successive month in August after running down stocks dramatically in the early months of the year.The National Institute for Economic and Social Research thinktank (NIESR) calculated that the recession is likely to have ended in May. As consumers are buoyed by stabilising house prices and return to the shops, many analysts agree the economy should now record positive growth GuardianConsumers won`t bail out economy Don't look to consumers to spend their way to an economic recovery. CNNUS consumer debt in record fall US consumers slash their borrowing by a record amount as uncertainty about an economic recovery hits home. BBCQuestions, answers on requiring health insurance BOSTON (AP) -- Should the federal government require virtually all Americans to be insured or face thousands of dollars in fines? Proponents say this requirement is crucial to extending coverage and reining in costs as Massachusetts has done. Critics say it would impose an unfair burden on individuals and families already struggling in harsh economic times.... The Arizona RepublicWhite House eyes new personal finance initiatives The Obama Administration is taking steps to encourage Americans to focus more on personal finance, especially as it pertains to retirement savings. In his latest weekly radio address, the president highlighted recent economic gains such as an improving stock market and stronger manufacturing... NASDAQIT Gives Back Jobs Gains Between August and July Looking closer at monthly numbers released by the Department of Labor, one IT careers analyst firm believes things are headed in the right direction. Even with some up and down movement in technology jobs' numbers, Foote Partners sees a better fourth quarter for IT jobs than the general jobs data suggests. - IT jobs were up in July by a big number, but are down again in August. What's at play? The constant churn between hiring in specific segments, and the economic realities that are forcing some firms to layoff workers--even in IT. In the recent Foote Parnters release known as the quot;August '0... eWEEK1 2 3 |
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