Accepting Recession As A Part Of Life

A recession as part of our lives could perhaps be compared to how a wheel operates - it has its "ups" and as it turns around, its "downs" will follow. This current recession hitting us means that we are now in the "down" portion of that wheel, and so there is no use worrying further because soon, if not much later, we will be going "up" again.

The wheel turns at regular intervals because its rotation is ruled by its radius; this may not be the case with a recession, because it is more complicated than the wheel - there could be many factors that may affect how soon or how late will the next turnaround be.

A recession is a part of the economic world that many will not easily or readily agree is happening, or beginning to happen. It is as complex as the economy, so those in the business world will first wait out on factors like consumer spending, the unemployment rate, industrial production, real income and wholesale trade, before (grudgingly perhaps) admitting that indeed a recession is happening

The people in the field of finance usually think that lowering the interest rate on the use of money will solve the problem of recession. Maybe this will help but this will depend also on other factors in the economy.

Other businessmen will cut jobs so they can continue on with their business operations although on a downsized scale perhaps. But putting some people out of employment with this move may just make the situation worse. People out of jobs will no longer have money to buy the products of business enterprises, so they will not be of any significant help in reviving the economy out of the recessionary situation.

So, a more viable remedy perhaps will be to cut a business enterprise's expenses elsewhere, instead of laying off its workers. The business could realign its other expenditures or totally get rid of them if possible, as long as it does not fire some employees, something that will just aggravate the unemployment situation.

We have been through previous recessions, some of short duration and some longer, that took our business and government leaders a longer time to resolve. There is no telling yet how soon this one we are having now will find resolution. Unlike the wheel with a known radius of turnaround, this recession will be understood much better later as we gain some knowledge and experience by the day, for how long, no one knows yet. Hopefully, with the advanced technologies that we have, getting hold of a viable solution to our present recession will be much faster.

Canadian Employee Loyalty Heightens During Economic Recession, Kelly Workforce ... - MarketWatch (press release)

Canadian Employee Loyalty Heightens During Economic Recession, Kelly Workforce ... MarketWatch (press release) TORONTO, Mar 08, 2010 (MARKETWIRE via COMTEX) -- The economic recession in Canada has generated a powerful sense of engagement between workers and bosses, ... Recession improves job loyalty for about 30 per cent: survey.Canada.com Economic Recession Raising Loyalty Among US Employees, Kelly Workforce Survey ...CNNMoney.com (press release) Recession spurs employee loyalty, Kelly Services survey findsCrain's Detroit Business Moneycontrol.com -Trading Markets (press release) all 45 news articles »

Pushing Greece into recession - The Guardian

CBC.ca

Pushing Greece into recession The Guardian This lethal mix is pushing Greece back into economic recession, reducing tax revenues, increasing the real value of its debt and requiring yet more savage ... Salvaging European economic governance from Greek ruinsIrish Times Timeline: Greece's economic crisisReuters all 2,834 news articles »

Tropicana Entertainment Casino Company Emerges From Bankruptcy - Casino Gambling Web

Tropicana Entertainment Casino Company Emerges From Bankruptcy Casino Gambling Web ... synonymous with casino success throughout the US, but the company ran into financial problems after the credit crisis and subsequent economic recession. ... and more »

The Source of Obama's Trouble - New York Times

Reuters

The Source of Obama's Trouble New York Times But once you realize that it will take 11 million or more new jobs to get us back to where we were when the recession began, you begin to understand that ... I Wouldn't Underestimate President Barack ObamaHuffington Post (blog) Obama's Quest for the New Deal in the Land of the Best DealCBS News all 3,251 news articles »

Some American Jews sit out recession in Israel - Reuters

Reuters

Some American Jews sit out recession in Israel Reuters "Before the economic crisis, there wasn't that impetus to look beyond the traditional career path," said Goldberg, Masa's director of recruitment. ... Goebbels Rising: What Will You Do Now That The Newspapers Are Targeting ...David Horowitz's NewsReal Blog (blog) all 32 news articles »