Recession inflicted a brutal cull on businesses, but those still standing are more efficient and productive than ever.
But the great recession inflicted much damage to many of those offerings — defined as anything from real estate deals to hedge funds.
For many families across the country, the greatest damage inflicted by this recession has not necessarily been financial, but emotional and psychological.
ECONOMIST African Americans Lag in Entrepreneurship | After the recession inflicted losses of wealth and jobs on the black middle class, some business leaders say the creation of new businesses is crucial for a recovery, Bloomberg Businessweek writes.
"For the first time in modern history, we will have a self-inflicted recession in the U.S".
Governor-elect Fortuño, who spent the last four years as the island's nonvoting representative in Congress, described the problem as "a local self-inflicted recession".
Can we likewise say that Obama won a small victory in raising top rates and avoiding the "cliff" of severe spending cuts that would have caused a self-inflicted recession?
We are in for a very tough year, but we can ease the pain of this self-inflicted recession by reviving some other basic American concepts, such as the idea that government can serve a useful role in mediating a heartless economy.
"However, the damage from any fresh crisis outside Asia would be much smaller than that inflicted by the 2008-2009 recession".
This year marks the 10th anniversary of the last recession, which inflicted significant damage on agencies as advertising spending fell for the first time in 30 years.
This is uncharted territory, thanks to the proliferation of opaque mortgage-backed securities, the decline of corporate accountability, the damage inflicted by the Great Recession (though not to Goldman Sachs) and the existence of embarrassingly candid e-mail.
