Greece's recession deepens amid austerity

Euro zone seen sinking into recession as Germany struggles
Reuters
Economists expect 0.2 pct contraction in third quarter. * French economy seen stagnating; Germany to grow just 0.2 pct. By Robin Emmott. BRUSSELS, Nov 15 (Reuters) - The euro zone likely slipped into its second recession since 2009 in the July ...
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Hungary Recession Probably Extended Last Quarter
Businessweek
Hungary is in its second recession in four years as trade and banking links with the slumping euro area drag down growth. Foreign lenders forced to pay Europe's largest bank levy are withdrawing capital and funding, restricting credit. Measures to cut ...
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Obama: GOP resistance may trigger second recession
Washington Times
As he prepares to meet Friday with congressional leaders on finding a way to avert the looming “fiscal cliff,” President Obama warned that the U.S. will plunge into a secondrecession if the GOP refuses to go along with his proposal to raise taxes only ...
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Washington Times
Fading coffee high? Recession hurts espresso maker Bialetti
Reuters
MILAN Nov 14 (Reuters) - Bialetti Industrie, whose eponymous moka espresso machine embodies Italy's passion for coffee, is feeling the strain of a yearlong recession in its core domestic market. The group, based in the northern Omegna valley home of ...
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Sector Snap: Analyst sees recession in restaurants
CBS News
He expects this measure will fall again in the coming months and that kind of slowdown matches what happened in 2007 that later proved to be a harbinger of the U.S. recession. "We reiterate our view that the U.S. economy is likely already in a ...
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America's Poorest Neighborhoods Lost 91 Percent Of Their Wealth During The ...
Huffington Post
Much of the overall wealth lost during the Great Recession came as a result of plummeting home values, but in high-poverty neighborhoods, home ownership rates are low, according to Elliott. This raises questions about the security of the types of ...
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Reducing Waste: Recession helps further 'Green Economy
San Jose Mercury News
What do you think of when you hear the words "green economy?" I think of solar panels, electric cars, and recycling. Part of the Green Economy takes into account the entire cost of a product, including its environmental impacts. But we could also ...
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Greece's recession deepens amid austerity
Financial Times
Gross domestic product dropped 7.2 per cent compared with a year earlier, according to a flash estimate announced on Wednesday by Elstat, the independent statistical agency, highlighting the risks of Greece falling deeper into a recessionary spiral.
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Investor Warren Buffett doesn't expect recession if Congress can't deal with ...
Washington Post
Investor Warren Buffett says there won't be a recession if Congress can't resolve the so-called fiscal cliff before the automatic tax increases and spending cuts take effect in January. Buffett told CNN on Wednesday that the U.S. economy is very ...
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CSO conductor warns of recession's impact
Chicago Daily Herald
ROME — Riccardo Muti, the master conductor of the Chicago Symphony Orchestra, is sounding an ominous note, and it isn't rising from the orchestra pit. The former longtime maestro at Milan's La Scala opera house is worried that the stubborn financial ...
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