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The recession of 1981-1982 was the worst recession, until now, since the Great Depression. Now, some are speculating that we are in a recession that will be worse than the one in the 80′s and that it will likely last at least through 2009.
The 81-82 …

Thanks to great 4th quarter sales due to its above-average holiday season, Amazon had a good day in trading today, up 13% in late trading.
Analysts have crowned Amazon the online winner of the holiday spending season, at a time when consumers dramatically cut back purchases. …

In October, Motorola announced that it would be cutting 3,000 jobs and now it has announced that 4,000 more jobs will be cut immediately.
From the AP:
The company said the move will save about $700 million a year starting in 2009, and total $1.5 billion in …

This holiday season has been abysmal for retail stores. Other than the surge of the “day after Thanksgiving” sales, shoppers just haven’t been going out and purchasing. So, what retailers are hoping for is that last minute price cuts on Christmas Eve can save them. …

The IMF warned today of another Great Depression. After looking back at the Great Depression I just can’t see it happening.
In the 1920′s and 30′s depression, the government didn’t intervene before it was too late. Now, our government has taken many steps to stave …