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25% of Businesses Worldwide Plan 2009 Pay Freezes
Despite signs of the global economy warming, businesses around the world are curbing salary increases – with more than a quarter of them planning to freeze salaries in response to the global financial crisis, according to a global survey.
Salary increases are expected to clock in at 4.7% this year, down from the 6.2% they rose last year. About 40% of U.S. businesses plan pay freezes, and about half of Japan’s businesses will do the same, according to ECA International, an HR research firm that conducted the 53-country survey.
Japan joins Asian neighbors Taiwan, Hong Kong and Singapore as some…
7Apr2009 | Money Morning | 0 comments | ContinuedWeak Exports and Domestic Spending Declines Push Eurozone to the Recessionary Brink
The Eurozone economy recorded its first decline in more than a decade as slowdowns in the European Union’s largest economies dragged on gross domestic product (GDP).
The Eurozone economy, which covers the 15 nations that share the euro currency, contracted 0.2% in the second quarter, as a 0.5% decline in Germany and a 0.3% decline in France offset gains in the smaller economies of Austria, Portugal and Spain, Eurostat, the European Union’s official statistics office, announced yesterday (Thursday).
The decline marks the Eurozone’s first contraction since 1996, when the euro was introduced and Eurostat began tracking the data.
While declining to speculate on…
15Aug2008 | Money Morning | Comments Off | ContinuedInvest in Eggs During a Recession
Turning Eggs into Dollars
Somebody asked this question on TickerHound a few months ago (just as the market began to take a dive):
What are some good sectors to invest in during an economic downturn?
It’s a question I’ve thought a lot about, and have written extensively on, for the last few months.
For me, it all comes down to consumer spending patterns. Where are people going to cut back? Where will they continue to spend?
As this economy continues to slide and the more I begin to realize we’re far from being out of the woods, I find myself starting to cut back on…
24Jul2008 | The Penny Sleuth | Comments Off | ContinuedInvest in Eggs During a Recession
Turning Eggs into Dollars
Somebody asked this question on TickerHound a few months ago (just as the market began to take a dive):
What are some good sectors to invest in during an economic downturn?
It’s a question I’ve thought a lot about, and have written extensively on, for the last few months.
For me, it all comes down to consumer spending patterns. Where are people going to cut back? Where will they continue to spend?
As this economy continues to slide and the more I begin to realize we’re far from being out of the woods, I find myself starting to cut back on…
24Jul2008 | The Penny Sleuth | Comments Off | ContinuedDon’t Fear “The Ides Of March” … Just Follow These Simple Anti-Recession Tips
Smart Profits Report – “Beware the Ides of March.”
So said a wise soothsayer to Julius Caesar in the famous Shakespeare play, warning him of impending doom. Caesar scoffed at him – and of course lived to regret it when he paid the ultimate price.
Fortunately, March 15 (the Ides day itself) falls on Saturday this year, so there’s no chance of any market madness on that specific day. But there are still plenty of modern-day financial soothsayers warning investors about all kinds of perils. One prime example: The constant chatter about whether or not the U.S. economy has slipped into a recession.
So…
8May2008 | Smart Profits Report | Comments Off | Continued
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