Tuesday, October 30, 2012

A retired TWA Pilot Captain Russell Hazelton, from Pennsylvania is dead in Piper PA 28 Cherokee single-engine, with wife Suzanne Hazelton,




Russell Hazelton, 78, whose primary home was in Factoryville, Pa. but who had a secondary home in Town & Country, died early Thursday at SSM DePaul Health Center in Bridgeton, Major Bill Carson, deputy chief of the Maryland Heights Police Department, said.

His wife Suzanne Hazelton, 69, is in critical condition, Carson said.


A retired TWA pilot from Pennsylvania is dead and his wife in critical condition after their small plane crashed and flipped over in Creve Coeur Lake the night of Oct. 24.

Russell Hazelton, 78, whose primary home was in Factoryville, Pa. but who had a secondary home in Town & Country, died early Thursday at SSM DePaul Health Center in Bridgeton, Major Bill Carson, deputy chief of the Maryland Heights Police Department, said.

His wife Suzanne Hazelton, 69, is in critical condition, Carson said.

"The two had flown out of Pennsylvania, stopped in Ohio for fuel, and their destination was Creve Coeur Airport near the park," Carson said.

"The FAA is on scene and awaiting arrival of an National Transportation and Safety Board  investigator, and they will conduct a full investigation to determine the cause of the crash," Carson said.

A witness told police she saw the plane  overhead and heard the engine sputtering.

"We don't know if the plane was running out of fuel or having engine problems," Carson said.

"To the witness, it appeared as if the pilot was possibly trying to make an emergency landing on the beach and instead touched down on the water, but flipped over and started sinking."

Police officers were called out at 8:40 p.m. to the north side of the lake, near Sailboat Cove.

Police officers found the Piper PA 28 Cherokee single-engine, four-seater airplane upside down about 40 or 50 feet from shore, with most of the plane underwater, Carson said.

After officers were unable to get the door open, six of them were able to drag the plane closer to shore and lift it to get the cockpit out of the water.

They were aided by firefighters, including those from the Maryland Heights and Pattonville fire protection districts, he said.

"A firefighter used a tool to force the door open to get inside the cockpit, where a man and woman were strapped into their seats," Carson said.

Fire district paramedics began resuscitation, after which the pair was taken by ambulance to DePaul Health Center.

"While it was a valiant  effort by police and firefighters to get the people out, unfortunately, they likely had been underwater for several minutes," Carson said.




Shekhar Gupta
CEO
Capt. Shekhar Gupta [ Pilot, DIAM, M.Ae.S.I., MAOPA [USA] ]
shekhar@aerosoft.in 
Blog : http://shekharaerosoft.blogspot.in/ 

Pilot dies after plane crashes in Creve Coeur Lake
STLtoday.com
Loading… A retired TWA pilot from Pennsylvania is dead and his wife in critical condition after their small plane crashed and flipped over in Creve Coeur Lake the night of Oct. 24. Russell Hazelton, 78, whose primary home was in Factoryville, Pa. but ...
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Plane crash survivor's words live on in book
Calgary Herald
Archambault is, arguably, the heart of Into the Abyss: How a Deadly Plane Crash Changed the Lives of A Pilot, A Politician, A Criminal And a Cop (Random House Canada, 309 Pages, $29.95). He was the “criminal” of the title and was being taken to Grande ...
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'Key witness' in Polish presidential plane crash dies, suicide suspected
RT
A Polish parliamentary investigation into President's Lech Kaczynski plane crash in Smolensk in 2010 is considering witness protection: A flight engineer set to deliver critical testimony was found hanged in his house in Warsaw. The body of Remigiusz ...
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Virgin Australia Deals Spark Air-Travel Duopoly Concerns
Businessweek
A Tiger deal would combine Australia's second and third- biggest airlines as Virgin Chief Executive Officer John Borghetti pursues acquisitions and international tie-ups to lure passengers from QantasAirways Ltd. (QAN) The Brisbane-based carrier also ...
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Sandy's fury hits travellers around globe
The Australian
Major carriers such as American Airlines, United and Delta cancelled all flights into and out of three area airports in New York, the nation's busiest airspace. About one-quarter of all US flights travel to or from New York airports each day. ... In ...
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Virgin Australia at centre of web of airline deals
euronews
At the same time Virgin said it will buy 60 percent of struggling budget carrier Tiger Australia - which Singapore Airlines owns one third of - and more than triple the size of Tiger's fleet, from 11 to 35 planes by 2018. Virgin has also offered to buy ...
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Singapore Airline buy 10% stake in Virgin Australia
BBC News
Singapore Airlines has bought a 10% stake in Virgin Australia as it looks to counter the growing strength of competitors in the region. The A$105m ($108m; £68m) deal will also help Virgin Australia challenge Qantas, its main rival in the domestic market.
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BBC News
Passengers take Jetstar crew hostage after delay
Sydney Morning Herald
The experienced Australian pilot is being hailed as a hero for his calm actions after being confronted by the angry passengers as they disembarked at Shanghai's Pudong airport. Upset at the delay and fearful they would be abandoned and left to find ...
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Sydney Morning Herald
Crackdown on foreign crews flying domestic routes
Sydney Morning Herald
The changed visa arrangements would apply to international crew working on Australian and New Zealand airlines able to sell tickets to domestic-only passengers for the domestic legs of international flights. Independent senator Nick Xenophon welcomed ...
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Indian Overseas Bank (IOB), which has exposure of Rs 120 crore to cash-strapped Kingfisher Airlines Ltd, non-performing asset (NPA)






Chennai-based public sector lender Indian Overseas Bank (IOB), which has exposure of Rs 120 crore to cash-strapped Kingfisher Airlines, on Monday said the account might become a non-performing asset (NPA) for the bank this quarter. Most lenders to the airline have already classified the account as an NPA.


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A senior bank official said if the account turned into an NPA, the bank would have to provision 15-25 per cent of the amount (Rs 120 crore) this quarter. The bank’s exposure to Kingfisher is in the form of working capital finance. Currently, the lender considers the airline’s account a standard asset, though payments are due.


With exposure of Rs 1,500 crore, State Bank of India is the leader of the 17-bank consortium of lenders to Kingfisher Airlines.
As of September 30, IOB’s gross NPAs stood at Rs 5,930 crore, against Rs 3,898 crore a year earlier. Net NPAs stood at Rs 3,378 crore, compared with Rs 1,505 crore a year ago. Chairman and Managing Director M Narendra said the bank would now focus on recovery. He added in the quarter ended September, domestic fresh slippages stood at Rs 1,600 crore, while international ones stood at Rs 200 crore.

Two years earlier, loans to Kingfisher Airlines were restructured under industry dispensation. However, the airline began to default on payments and in the third and fourth quarters of the previous financial year, these loans turned into NPAs in the books of most of its lenders. As part of a restructuring package, part of the debt (about Rs 750 crore) was converted into equity. In March 2011, Kingfisher issued about 116 million shares (of Rs 10 each) at a price of about Rs 64 per equity share. These had a lock-in period of a year.













Recession showed no favorites; all suffered
Spartanburg Herald Journal
Now: “We mainly shop at Sam's Club and portion out our meals. We spend $4 to $5 a night on eating.” He and his wife use space heaters in their elegant house and leave parts of it cold. The Hummer is gone, and he drives a 2005 pickup. On Nov. 6, Kaufman ...
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AP survey: Economic ills may defy next president
Boston.com
Europe's recession will persist deep into the next presidential term, according to a majority of the 31 economists who responded to the survey. A weaker European economy would shrink demand for U.S. exports and cost U.S. jobs. Yet there's little the ...
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Recession Shakes Baby Boomer Retirement Confidence: AARP
Millionaire Corner
As baby boomers approach their retirement years, many find themselves, to quote the Bob Seger lyric, running against the wind. Post-recession financial insecurity is forcing many to rethink their retirement plans, according to a recent AARP report ...
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This Horrific Media Spend Data Says There WILL Be A Global Recession In 2013
Business Insider
The pattern is ominous: Revenue growth at Interpublic Group just went negative for the first time since the last recession. All the other companies are trending down. GDP growth is anemic — and that number isn't the government's final estimate. The ...
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Business Insider
Recession not over at Meadow Lane as Notts fail again
This is Nottingham
THE recession is not over. Not at Meadow Lane, at least. Notts County have now suffered a triple-dip and there is little sign of any green shoots of recovery out on the pitch, aside from the return of Alan Judge. There was hardly any shooting at all ...
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Ottawa, Allegan county unemployment numbers approach pre-recession levels
HollandSentinel.com
Jobless rates in Ottawa and Allegan counties in September dropped below the 6 percent mark — a threshold that they haven't crossed in years. The unemployment rate for Ottawa County in September was 5.8 percent, according to numbers released last ...
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Economists Say a 'Cliff' Recession Could be Devastating
The Fiscal Times (blog)
Back in August, the Congressional Budget Office predicted that if lawmakers failed to reach a deal that would avert massive spending cuts and tax hikes set to take place early next year, the economy would tumble into a shallow recession. Now ...
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Pimco, US recession avoidable if Congress acts
Live Trading News
Pimco, US recession avoidable if Congress acts. US lawmakers can steer the economy away from a recession next year by striking even a less-than-optimal agreement that averts the approaching Fiscal Cliff, but brinkmanship and bickering could spell ...
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New Census Bureau data shows Whatcom County weathered recession better ...
TheNewsTribune.com
"Before and after" snapshots of the recent recession show that Whatcom County and Washington fared better than the nation as a whole. There were few surprises but a few insights provided by the latest data from the U.S. Census Bureau, released Thursday ...
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Economists disagree on pace of recovery from Great Recession
Memphis Commercial Appeal
LOS ANGELES — Getting a handle on how long it'll take to recover from the Great Recession is more art than science, but a few economists think there are lessons from the past that might prove useful for those seeking a light at the end of the tunnel.
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Monday, October 29, 2012

Recession risk in US to be deeper than expected



The US runs the risk of a recession far deeper than many investors and policymakers may think if lawmakers fail to avert looming tax hikes and cuts to public spending.

Absent action by Congress, the country will face the so-called fiscal cliff at the start of next year, a combination of lower spending and higher taxes that is expected to extract about $600bn from the economy.

Many economists think every dollar of deficit reduction will subtract nearly the same amount from economic growth.

By that measure, the current course could cause the economy to contract by 0.5% in 2013, according to estimates by the Congressional Budget Office (CBO) that have been largely embraced by Wall Street and the US Federal Reserve.
But research by economists in academia and at the International Monetary Fund suggests a dollar of deficit reduction could drain as much as $1.70 from the economy, making the prospective belt tightening much more dangerous.

“You can take that 0.5% contraction and double it,” said Barry Eichengreen, an economist at the University of California, Berkeley.

These researchers suspect fiscal contractions take a bigger-than-normal bite from economies when interest rates are very low, as is the case at the moment in the US and in much of the developed world.

One explanation, Eichengreen said, is that when rates are higher, central banks can easily lower them to provide a counterweight to austerity. But when rates are near zero, as they are in the US, it’s harder to ease the pinch.

Historical data suggests higher taxes or lower government spending normally lead households to cut back on purchases only modestly. In the three decades through 2009, a dollar in government austerity would suck only half that from the economy, according to IMF research published this month which examined fiscal policy in 28 countries.

But economies around the world appear to be acting differently since the Great Recession. The IMF said it appeared that every dollar of recent fiscal consolidation has drained anywhere from $0.90 to $1.70 from economies.
The IMF said this suggested central banks have been having difficulty offsetting the impact from tighter budgets. That could well be the case in the US as well. The Fed pushed overnight rates to near zero in December 2008 and has resorted to the unconventional policy of purchasing government and housing-related bonds to revive the economy.

The central bank’s chairman, Ben Bernanke, has acknowledged he would not be able to fully offset the pain if the economy runs into the “fiscal cliff.”
With the US jobless rate at 7.8% and the recovery still shaky, the possibility of a greater-than-expected hit to activity might be food for thought for lawmakers, who will be looking to cut some sort of deal on the budget before year end.
There’s little room for error. Forecasters expect economic growth next year of just 2.1%, with the jobless rate edging down only slightly.
As it is, economists believe even the level of danger outlined by the nonpartisan CBO will be enough to propel lawmakers, who are deeply divided over taxes and spending, to reach an accord, although signs have yet to emerge that a deal is starting to gel.
“No political party wants to go down in history as the one that triggered the second half of the worst recession since the Great Depression,” said Paul Dales, an economist with Capital Economics in London.
Capital Economics expects Congress will allow just under $100bn in fiscal tightening, which it thinks would knock the same amount off gross domestic product (GDP).




Shekhar Gupta
CEO
Capt. Shekhar Gupta [ Pilot, DIAM, M.Ae.S.I., MAOPA [USA] ]
shekhar@aerosoft.in 
Blog : http://shekharaerosoft.blogspot.in/ 





(RPT) GLOBAL ECONOMY-Poll: Crucial pre-election US payroll report looks weak
Reuters
Spain stuck in recession, underscoring euro zone woes. By Alan Wheatley, Global Economics Correspondent. Oct 28 (Reuters) - The last employment report before the U.S. presidential election is likely to have something for everyone - for those bullish ...
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Pimco's Kashkari: Recession Avoidable if Congress Behaves
Moneynews
Lawmakers can steer the economy away from a recession next year even by striking even a less-than-optimal agreement that averts the fast-approaching fiscal cliff, but brinkmanship and bickering could mean otherwise, said Neel Kashkari, head of global ...
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Study shows recession hit pupils, teachers in metro Atlanta school districts ...
SaportaReport (blog)
And the trouble didn't start with the recession: State cuts in per pupil spending began in 2002 and, since then, spending has fallen by 17.6 percent in inflation-adjusted spending, GBPI reports. The report clarifies at least part of the challenge ...
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SaportaReport (blog)
Ups and downs of the recovery
Philadelphia Inquirer
Housing normally leads the economy out of recession. It is the part of the economy most sensitive to interest rates: Home sales, construction, and prices generally perk up quickly after the Federal Reserve begins to ease monetary policy and mortgage ...
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Recession risk in US to be deeper than expected
Gulf Times
The US runs the risk of a recession far deeper than many investors and policymakers may think if lawmakers fail to avert looming tax hikes and cuts to public spending. Absent action by Congress, the country will face the so-called fiscal cliff at the ...
See all stories on this topic »



UK recession over as economy grows 1 pct in Q3
Atlanta Journal Constitution
Workers walk across London Bridge on their way to the City of London, Thursday, Oct. 25, 2012. Britain's economy grew by a bigger than expected 1 per cent between July and September, ending a shallow nine-month recession.The figure announced ...
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Jiffy-tite back on right track after recessionary struggles
Buffalo News
Sales are expected to reach $45 million this year, and its workforce is back to its pre-recessionlevels, with plans in the works for a $10 million expansion and 80 new jobs over the next three to five years, although the company isn't ready to commit ...
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Indiana colleges see slow rebound in endowments
San Francisco Chronicle
INDIANAPOLIS (AP) — Indiana college endowments are making a long climb back from therecession, but the recovery has been slow and frustrating for schools facing budget cuts and pressure to limit tuition increases and provide more financial aid.
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Halftime report: Is fear of a weak 3Q overblown?
Huffington Post
That would have been the first decline by either measure since the third quarter of 2009, just after the Great Recession ended. But a funny thing happened on the way to the pity party: Some of the biggest and most important U.S. companies started ...
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Americans Still Struggling Despite Economic Improvement Since The Great ...
Huffington Post
CHARLOTTE, N.C. (AP) — Here was Chas Kaufmann's life before the Great Recession: $28,000 in restaurant tabs in a year, cruises, house parties with fireworks. His Mr. Gutter business was booming in the Pennsylvania Poconos. Now: "We mainly shop at ...
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Global Aviation Recession ahead :( An uneasy economy, and those living through it



 Here was Chas Kaufmann's life before the Great Recession: $28,000 in restaurant tabs in a year, cruises, house parties with fireworks. His Mr. Gutter business was booming in the Pennsylvania Poconos.

Now: "We mainly shop at Sam's Club and portion out our meals. We spend $4 to $5 a night on eating." He and his wife use space heaters in their elegant house and leave parts of it cold. The Hummer is gone, and he drives a 2005 pickup. On Nov. 6, Kaufman is voting for Mitt Romney.

Lower down the ladder, the recession put Simone Ludlow's life in a full circle. Laid off by an Atlanta hotel company in 2009, Ludlow, 32, bounced from job to job for two years, got by with a "very generous mother," still makes do by renting a room in a house owned by friends, and is back working for the company that had let her go. She's voting for President Barack Obama.

For four years, the bumpy economy cut an uneasy path. It raked small towns and big cities, knocked liberals and conservatives on their backs, plagued Republicans and Democrats alike.

It was the worst economic setback since the Depression, and it didn't take sides.

___

Across the country, Associated Press reporters asked people to talk about their livelihoods before and after the December 2007-June 2009 recession and how those experiences have shaped their politics in the presidential election just days away. Their answers help illuminate why the race is so close. In this time of great polarization, their stories bridge the partisan divide, showing that resilience and optimism are shared traits, too, and that no one seems to think either candidate can work miracles.

"Our potential doesn't rely on an election and one man or even a ballot," said Ben McCoy, 35, of Wilmington, N.C., creative director for 101 Mobility, a company that sells, installs and services handicapped access equipment. "I don't think either candidate for president has the conviction to go as far as we need to go to really get back to stability."

Economic well-being, for him, will come from personal decisions by his wife and himself, not Washington. "We will roll up our sleeves and cut the family budget down to the core if we have to, where we know we're going to eat and we know the lights are going to stay on, and that's it. We'll do it. We won't laugh and dance about it, but we'll do it."

In the Charlotte area, the recession played a cruel trick on Obama supporter Tamala Harris, wrecking the Charlotte housing market just after she quit a job to go into selling real estate. It drove Romney supporter Ray Arvin out of business selling industrial equipment from North Carolina and cleaned out his retirement savings with not that many years left to start from scratch. Both have more hope than you might think.

Harris, 38, is back in Charlotte after getting her master's in business from the University of Rochester in New York. During the worst of the calamity, she used loans and scholarships to advance her education, and looks back on it all as a time that made her dig deep.

"It made me realize what was important," she said. "It's just not the material things and having things to improve your status. I know that people are in such a rush to have things. They feel that is a validation - 'Oh I have this, I have that.' I was one of them. So, for me, I found it was a time to reflect on your character - and rebuild again. It was a wonderful time to realize when you don't have certain things - money is not coming, or houses are not selling - who's really in your corner. "

Arvin, 47, is starting over, too.

In 2001, he and his wife bought a small company that sold equipment to power utilities and the aviation industry. Business hummed until 2007, when five big customers filed for bankruptcy and the couple raided their retirement and savings accounts to keep the enterprise afloat. It sank in 2009. Now he travels five states in a 2005 Suburban as sales representative for a business supplying equipment to electric and gas companies, bringing home $50,000 to $60,000 after taxes and travel expenses.

"Am I doing better? Yes. But I've lost so much. I'm starting new. I'm confident in my ability to work hard and do well with what I do."

___

Polls consistently find that the economy is the top concern of voters, and Romney tends to get an edge over Obama when people are asked who might do better with it. Whether that truly drives how Americans vote is a crucial question for Election Day.

Other factors often came into play with the people who talked to AP. Republicans didn't buy the Romney campaign's portrayal of Obama as a one-man wrecking crew in economic affairs. Democrats didn't see him as a savior. They all realize life is more complicated than that.

Beth Ashby, 38, an artist and freelance photographer in North Hollywood, Calif., is a registered Democrat who thinks Obama is bad for her savings. If he's re-elected, she said, "I think I'm going to be less likely to set money aside in my investments. I might be safer just storing it in the shoe box under the bed."

Romney, she said, "seems to have a head for business." But he's turned her off on environmental issues, abortion and "some of his comments involving women." Obama or a third-party unknown will get her vote.

Dave Hinnaland, 51, a fourth-generation sheep and cattle rancher who co-owns the family's 17,000 working acres outside Circle, Mont., simply seems hard-wired to vote for a Republican president. As the national economy sank, the local economy shot ahead thanks to booming oil production in the Bakken oil fields to the east. The days of $300-a-month house rentals, when people's pickups were more expensive than their homes, are over.

"When this area was settled 100 or more years ago, there were people who took a chance and moved out here," he said. "They worked hard and were able to build something for themselves and their families."

So his message to all in Washington: "Let us have the means and options to chart our own path. Don't hamstring us with rules and regulations. And let people that are willing to go out to work take a chance, let them have the opportunity to do it. We don't need a big hand hovering over our head telling us what we can and cannot do."

If the recession spared oil and gas lands, Kaufmann, of Kunkletown, Pa., saw it coming in the gutter trade, specifically when he started noticing that nearly all of his customers' checks were drawn on home equity credit lines.

"How long do you think this is going to last?" he recalled asking his wife. "I said, 'I just did a homeowner, the wife lost her job, and without her job, he can't afford the mortgage.' That's when we started buckling down. I said, 'You know what? It's time.'

"What happened is, the banks overextended all these people. People were buying clothes, putting in in-ground pools, putting gutters up where they didn't need to be replaced. I was putting gutters up when people didn't need gutters. I would tell them. But they wanted to change the colors. You ride by those houses now and they either have three feet of grass or the windows are boarded up."

His gross income has been halved since 2006 and 2007. No cruises since he turned 60 five years ago.

Cruises aren't on the horizon for Cristian Eusebio, 20, either. He makes $10.50 an hour as a bank teller in Springdale, Ark. He lives at home with a father who works at a food-packaging plant that's been cutting staff and a mother who found work at a warehouse store. The family refinanced before their home mortgage ballooned, skipped a vacation to pay down a debt and pinched pennies.

"It could have gotten worse, but it got better because my mom got a job, my sister got a job and then later in high school, I got a job," he said. "It has gotten better, but I think it's just because more of us are working. Some of us pay one bill. The other one pays another."

___

In Atlanta, where she serves as event manager for her hotel, Ludlow puts no faith in Romney's ability to make the economy sound and offers less than ringing praise for the candidate she supports. "He may not personally be the smartest guy about the economy," she says of Obama, "but what I do appreciate is the fact that he knows when to listen to smarter people."

Her economic worries transcend politics of the moment. She ticks them off: "The long shift that we've had with the globalizing world, going from a manufacturing to a service economy. From a service economy to just a consumer economy, period, that buys more than it produces. And everybody having a job that can be done by a human being, but it's just more cost-effective to do it with a computer.

"All of those factors float around my head and keep me up some nights," she said. "The economy is (in) an incredible state of transition that we've never seen before. And nobody has any idea what it's going to look like. When the smoke clears, what are we going to be living in? And nobody seems to have an answer to that. Nobody knows. All you can do is put on a couple of Band-Aids here and try something there, and see what happens. And that makes me nervous."

If the recession played no favorites among the rich, the poor and those in between, the recovery did. Lost jobs and homes may not have come back but the stock market did, favoring those whose wealth resided in investments.

Carol Clemens, a 66-year-old retiree from Edmond, Okla., and member of the local chapter of an investing club, put money into Ford shares near the bottom of the market in 2009, sold some and has seen the value of the rest grow fivefold. That eased her rough patch. "In short, we're not better off than we were in 2007, but neither are we destitute, for which we give thanks," she said. She's leaning toward Romney.

But investments and politics ebb and flow. Of more concern is the nation's future. She's the mother of grown children who "are not as conscious of saving as we were at their ages," and of grandchildren who are entering higher education. She laments class divisions played up in the campaign - the stigmatization of the poor, the dissing of the rich - and thinks the country needs a deeper fix than any one leader can achieve.

"Americans have got to start taking full responsibility for our messes," she said. "We vote in ineffective politicians, we tolerate second-rate educational systems, we envy those who have worked to have more and resent those who burden our social services because they have great needs.

"I would hope that the next president would have the guts to call us on our blindness and narrow visions," said Clemens. "We have to regain our ability to stop, consider and give a damn if we are going to change things."





























This is the end of boom and bust: we need a new vocabulary
The Guardian
Politicians on both sides of the divide reached for the Bumper Book of Cliches last week as they reacted to the news that the double-dip recession was over. For George Osborne, it was evidence that his policies had put us "on the right track"; while Ed ...
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The Guardian
'Schism' among millennials: Recession sways some of the newest voters to ...
Washington Post
She says the recession had a particularly profound effect on the political attitudes of younger millennials, who've come of age as the adults who preceded them have lost homes, jobs and retirement funds. It has set a decidedly grimmer tone as their age ...
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Recession slows Grafton's downtown revitalization efforts
Milwaukee Journal Sentinel
That investment was paying off - until the recession struck. Since 2008, the total value of improved commercial properties within downtown Grafton's tax incremental financing district has dropped by nearly 20%. That means less from property taxes from ...
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Pound Rises Most Since July Versus Euro as U.K. Exits Recession
Bloomberg
By Emma Charlton - 2012-10-27T06:00:00Z. The pound strengthened the most in more than three months against the euro after data showed Britain's economy expanded at a faster pace than analysts forecast last quarter, pulling the nation out of a recession.
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US economy is recovering from recession
Allentown Morning Call
As we get close to the presidential election, the wrong question is being asked by the Republican Party. Most Americans realize that the USA was in a recession after the Bush administration due to banking greed and two wars. This recession was unlike ...
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`Schism' among millennials: Recession sways some of the newest voters to ...
Minneapolis Star Tribune
Caroline Winsett, a senior at DePaul University who is president of the school's Student Government Association, works in the SGA office on Tuesday, Oct. 23, 2012, in Chicago. Winsett, who is 22, is a Republican who considers herself fiscally ...
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Scotland may still be struggling to emerge from the economic recession
Scotsman
Delegates will attend the annual conference of the Institute of Directors (IoD) Scotland at Cameron House on Friday, a week after the UK's double dip recession was declared over. Ian McKay, chairman of IoD Scotland, believes they will be in a ...
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Scotsman
Do you feel you've emerged from the double dip recession?
WalesOnline
The economy has finally emerged from the double dip recession, the number of people in work is at its highest since records began and inflation is down but are people in Wales really better off? Claire Miller investigates. So what is the good news? The ...
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Recession over? Not around here, it isn't
Worcester News
THE recession may be over for now, but business owners in Worcestershire say they are praying for signs it has gone for good. Shopkeepers, independent traders, car garages, big companies – they all say they are still counting the pennies despite the ...
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East Lancashire businesses react to news of recession's end
Lancashire Telegraph
This week it was announced the UK had come out of recession after a one per cent rise in output in the three months from July to September. And there are some signs of recovery in East Lancashire according to businesses in the area. Mike Damms, chief ...
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