The economic downturn in Brazil is worse than expected, as rising unemployment and high levels of inflation have absolutely destroyed domestic demand in the country. Goldman Sachs has called the situation “an outright depression”. The […]
Recession
More Than 2 Million Greeks Unable To Pay Pricey Bills Could Soon Be Without Electricity
According to recent reports, the amount of unpaid bills by customers of the Greek Public Power Company has reached a staggering $2.7 billion. The company is so fed-up that is has threatened to cut the […]
Some Parts Of The Country Are Still Stuck In A Recession
While much of the real estate market has recovered from the 2008 financial crisis, some parts of the country are continuing to have very disappointing housing markets. According to a recent report, 7 million homeowners […]
Citizens Of Detroit Have Fixed Over 10,000 Problems With Aid Of New App
A new mobile phone app is allowing citizens of Detroit to inform city officials about problems affecting their city. The app is called “Improve Detroit” and citizens are using it to better their community. The […]
Russia’s Economy Is So Bad That Major Airlines Are Pulling Out Of The Country
As Russia’s economy continues to shrink and the ruble’s value drops precipitously, several international airlines are reducing their service to Russia as the number of people traveling plummets. Most recently, Finnair said last week that, […]