The Recession hit hard, but unevenly, taking out some industries almost completely, while some prospered. Here's a chart looking at the impact of the Recession on 255 different industries — and how well they recovered, if at all.
Much of the world has been hammered hard by the recession, but a specific two-year period of economic downturn in the UK may be to blame for 1,000 extra suicides. In 2008, the UK had its lowest suicide rate in 20 years, but in 2008 it spiked by 8% for men and 7% for women — and rose again the next year.
When the global financial markets began to collapse in 2007, everybody turned on the banks and bankers — and they haven't stopped since. But one of the culprits was a humble piece of mathematics: the Black-Scholes equation.
The recession has hit everyone hard, but more men than woman are finding themselves without a steady income, and new studies show these men are reevaluating what being a breadwinner means.
Japanese workers are so desperate for work that many are traveling to devastated areas of the country to find employment in the risky field of radiation cleanup.
In its simplest terms, European prehistory can be divided into three parts: the Stone Age, the Bronze Age, and the Iron Age. But there's a mysterious 300 year gap in prehistoric Britain, created by one of humanity's first economic bubbles.
Monster Cable, purveyors of grossly overpriced products, feel your pain during these tough financial times. That's why they are reducing their ridiculous prices to slightly less ridiculous prices during the recession.
A Pew survey back in 2006 showed what Americans felt were their necessary luxuries (car, TV, air conditioner, computer). That survey was recently re-done, and tech showed surprising strength despite the economy.
Apple's financials looked pretty spectacular this quarter, with a total profit in excess of $1.2 billion despite the gruesome economy. They also exceeded expectations for iPod and iPhone sales, laptop sales, and layoffs. Wait, what?
Microsoft watcher Ina Fried reports that the company won't be taking back severance "overpayments", even though it confirmed it did ask for them initially. The truth is, despite numbers reported in the thousands, only 25 people were overpaid, somewhere between $4000 and $5000, according to Microsoft HR head Lisa…
What's the best way to create an HR firestorm in three easy steps? If you're Microsoft, layoff 1,400 employees, give them severance on the way out, and then ask for part of it back.
In a time when we're hearing bad news coming from basically every company out there, Sony's 4th quarter numbers are a notch below the rest: a 95% drop in profits.
Remember when Howard Stringer said that he "wasn't recession proof" at this CES keynote? Yeah, he wasn't joking. Sony is about to post its first loss in 14 years, and it's a doozy.
Google has figured out that it can save money by getting product ideas from users rather than engineers. After all, you can't pay engineers in "shout outs" on their blogs like they're offering for users.
Analysts knew it would be bad, but not this bad. Retail sales this year are down 5.5% in November and 8% in December overall, but electronics specifically fell by an astounding 27%.
When the economy tanks, people demand feel-good musicals and comedies. But Hollywood has already green-lit a slate of dystopian downers, in the wake of The Dark Knight. Are these bummer-fests doomed at the box-office?
Some companies, like Dell, are encouraging employees to take a day or two off—unpaid, natch—to help the company save money. Then there's Sprint. Oh, Sprint. Bleeding cash and customers way before the new great depression took root, its most recent quarter was spectacularly disastrous, so we're not surprised to hear…
We've always been fans of the Dash Express, with its real-time web-delivered traffic monitoring and its constantly evolving app platform. Somewhat sad news today is that Dash Navigation will be pulling out of the consumer hardware business entirely and cutting 50 jobs (two-thirds of its work force)-enabling them to…