Why are companies into wild spree of job cuts? The answer is obviously – “to reduce extra costs”. Isn’t there a strategy other than slashing jobs that helps organizations to reduce costs? The answer might be “yes!” Before recession, when the times were extremely good, employees and their organizations were into lavish expenditures. Most of… Read More »
Dick works as an emergency medical technician in some part of America. He actually hates to be called so. He wanted to be a biologist but he was compelled to take up the profession. And now it has become his career and he cannot do anything regarding that. Choosing a career may be very easy… Read More »
People didn’t want to be in such a situation. But they are forced to be so. With the lost jobs, plummeting businesses, how can they pay their loans? And this obviously increased the number of delinquencies in the nation to a record high. According to American Bankers Association, the number of late loan payers has… Read More »
President Bush in a meeting said that government’s drastic economic rescue efforts will eventually pay off and there is no need for Americans to get anxious about credit crisis but he didn’t give any quick revival. The economic crisis didn’t occur in one night and situation does not change in overnight. It is an ongoing… Read More »
In last two months, there is huge financial crisis in all most every country. People are concentrating more on savings then spending. Confidence of consumers is low because of ongoing financial crisis and economists believe that consumer’s spending power is dropped to half. Consumer spending dropped by largest amount in last four years in September,… Read More »
