We've been throwing around the word recession in connection with the US economy for some time now — everything from recession-proof jobs to recession-proof beauty is common vocabulary. However, in a statement released just today, the National Bureau of Economic Research conceded that the economy has been in a recession since December 2007.
The last time the economy was in a recession was 2001, after the tech bubble burst.
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By now you've had time to review the discounted loot you brought home as Black Friday bounty and should have a good feel for how closely you're sticking to your holiday shopping budget. If you've already surpassed your limit for some people on your list, it may be time to readjust the rest of your holiday spending plan.
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It is a brave shopper who charges through Black Friday on a holiday shopping mission, and not everyone has the patience for tolerating pushy crowds. Hopefully, those determined shoppers are rewarded with heavy discounts that cause them to brush off any annoyances the day may bring. Are you hitting the sales today?
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Black Friday is the ultimate test of the time-is-money theory — after all, blowout bargains and crowds of shoppers typically characterize the biggest shopping day of the year. How long are you willing to wait for your turn at the register?
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Another week, another bank bailout. The most recent recipient of government aid is Citigroup, and the government's bailout package includes a $20 billion investment in the company and a $306 billion guarantee of risky assets.
Monday's market close was met with cheers as investor enthusiasm sent the market soaring, reflecting a general investor bet that the worst of the financial industry's problems may be over.
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Business has never been better for psychics. Men and women are turning to them for cosmic advice about what to do in this chaotic economy, hoping they will get answers to help make sense of the things out of their control. The New York Times interviewed a number of psychics who indicated their clients' questions have shifted along with the economy.
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San Francisco is a foodie city with more than enough restaurants to satisfy any craving. The last few times I've made reservations at places that usually require them, I've looked around thinking that I didn't need to bother calling ahead. The one exception was when I dined at the Italian restaurant that changed its pricing scheme to offer cheaper portions of the same quality dishes.
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How quickly we forget! We claim that this holiday season won't be as costly as the last, but how can we be sure? If last year's holidays are a blur of parties, cookies, and mistletoe, dig up your credit card or bank statements from the end of last year to get an idea of how much you spent last year on new party clothes, gifts, and the cost of hosting gatherings.
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A gift card isn't considered as thoughtful as something chosen especially for the recipient, but it's still a nice gesture and can make a great stocking stuffer. When companies go bankrupt they usually refuse to honor outstanding gift cards, and this uncertain economic climate has businesses using advertising to channel any bankruptcy concerns. For example, J.C.
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