Posted on 08/01/2008 8:04:41 AM PDT by Rufus2007
Looking for new and innovative ways to spread the doom-and-gloom news associated with the economic downturn, BusinessWeek magazine launched a recession blog on its Web site back in May to give a personalized glimpse into "recession" hardships.
"This blog is one of the places we'll tell these stories," BusinessWeek.com reporter Tim Catts wrote on the blog's first post on May 2. "Here, we'll jump into the conversation about where the economy is and where it's going. Yes, sometimes we'll look at the latest data. Sometimes we'll share observations from the road. The goal is to give readers real stories about how the downturn is affecting individuals, businesses, and communities."
However, activity on the blog has been scarce of late. Nearly three months later, there are just 22 posts. Meanwhile, the nation's Gross Domestic Product grew at a 1.9 percent pace for the second quarter of 2008, according to government estimates announced July 31.
(Excerpt) Read more at newsbusters.org ...
Hedge and Willie have been busy.
When BusinessWeek first announced this project, I scratched my head. I wonder whose idea it was.
and McCain's numbers have been rising
LOL!
Good news. Thanks for posting it. I hope that more of the “sky-is-falling,” doom-and-gloomers are proven wrong.
"
Maybe not.
Last Thursday when the 1.9% number was announced, there was something from the NYTimes saying the last qtr of 2007 was revised to -0.2%, so that meant a recession was started. Funny how that 0.5% drop in 2000Q3 was the ongoing Clinton economic miracle, but the much smaller drop in 2007Q4 started the second Bush recession.
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