World News Insights
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LyrArc brings in selected articles from many of the world's top publications.

Articles are selected by experts and you can see the gist of the important articles.

Money Trickles North as Mexicans Help Relatives

1 Groups   
New York Times - 11.16.2009 Original article ›
Marc Lacey, Marc, Lacey
LyrArc Article Gist
Unheard of things are happening, but that is what this recession is doing to immigrants from Mexico to the United States. Families from poor states like Chiapas and Oaxaca in Mexico, are sending money north to the USA to support a son or a family member, who is unemployed in the US and unable to return home. One father says he sends money just so his son can eat. And a family in rural Oaxaca sold a cow to send $1000 to a family member in the USA.
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Britain may already be in recession, says new report

  
- 07.22.2019 Original article ›
Gurpreet Narwan, Economics Correspondent

Recession Finally Hits Down on the Farm

  
Wall Street Journal - 08.28.2009 Original article ›
Scott Kilman, Scott, Kilman, Lauren Etter, Lauren, Etter

Beauty Products Lose Some Appeal During Recession

  
New York Times - 09.20.2009 Original article ›
Phyllis Korkki, Phyllis, Korkki

Ritz Carlton Bows to Recession, Adds Rewards

  
Wall Street Journal - 09.14.2010 Original article ›
Alexandra Berzon, Alexandra, Berzon

Modest Growth in Jobs Tempers Recession Fears

2 Groups   
New York Times - 10.07.2011 Original article ›
Motoko Rich, Motoko, Rich

Britain: Adviser Resigns After Remarks on Recession

4 Groups   
New York Times - 11.19.2010 Original article ›
John F. Burns, John, F., Burns

In Recession, Strategy Shifts for Big Chains

  
New York Times - 06.20.2009 Original article ›
Stephanie Rosenbloom, Stephanie, Rosenbloom

Harvard, Hit By Recession, Lays Off 275

  
Wall Street Journal - 06.24.2009 Original article ›
Robert Tomsho, Robert, Tomsho

Despite Recession, High Demand for Skilled Labor

  
New York Times - 06.24.2009 Original article ›
Louis Uchitelle, Louis, Uchitelle

Recession Spells End for Many Family Businesses

7 Groups   
Wall Street Journal - 10.06.2009 Original article ›
Dana Mattioli, Dana, Mattioli

Stimulus and Exports Help Ease Japan’s Recession

  
New York Times - 11.16.2009 Original article ›
Hiroko Tabuchi, Hiroko, Tabuchi

Recession Helps Empty the Region's Office Space

1 Groups   
Wall Street Journal - 12.24.2009 Original article ›
Jim Carlton, Jim, Carlton

Recession Can Change a Way of Life

  
New York Times - 02.01.2009 Original article ›
Tyler Cowen, Tyler, Cowen

British Bank Chief Sees a ‘Deep Recession’

1 Groups   
New York Times - 02.12.2009 Original article ›
Landon Thomas Jr., Landon, Thomas, Jr.

Recession Takes Its Emotional Toll on Cities

  
BusinessWeek - 02.26.2009 Original article ›
Prashant Gopal, Prashant, Gopal

Kia Is Ready to Score During Recession

1 Groups   
BusinessWeek - 02.02.2009 Original article ›
Moon Ihlwan, Moon, Ihlwan

Jobs Data Suggest U.S. Is in Recession

  
Wall Street Journal - 03.08.2008 Original article ›
Sudeep Reddy, Sudeep, Reddy

Japan Enters Recession as Firms Cut Spending

1 Groups   
Wall Street Journal - 11.17.2008 Original article ›
Hiroko Tabuchi, Hiroko, Tabuchi

The Recession: What Top CEOs Are Thinking

  
BusinessWeek - 12.03.2008 Original article ›

Business Investment as a Key to Recovery

  
New York Times - 09.10.2011 Original article ›
N. Gregory Mankiw, N., Gregory, Mankiw
LyrArc Article Gist
Business investment has been extremely weak since the global financial crisis of 2008-2009. This covers spending on investment goods - on equipment, software, inventory accumulation, residential and nonresidential construction. Compared to the 1982 recession non residential fixed investment has staged a weak recovery. In the 2 years after the 1982 recession nonresidential fixed investment went up by 27%, whereas in the last 2 years it is up only 12%. Spending on business equipment and software declined twice as much in this recession as in the recession of 1982, according to Mankiw. The comparison with 1982 is because the U.S. experienced 10% unemployment during that downturn.
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Even a Soft Landing Would Be Hard on Stocks

  
WSJ - 12.28.2022 Original article ›
Justin Lahart
LyrArc Article Gist
US public companies, manufacturers and retailers that make up more than half of the S&P 500 index, came out with strong sales per share of 24% increase in 2022 over 2019. This means slower growth is expected ahead in 2023, says Justin Lahart in the WSJ.  The shift to consuming more services such as dentist visits and tourism from buying washing machines and appliances will mean slower sales for these large companies that are manufacturers and retailers. Fed chairman Jay Powell's higher interest rates will also limit growth in sales in 2023. Overall the US economy may barely skirt a recession, and this depends on which forecaster one talks to.

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U.S. Economy Grows as Fourth-Quarter GDP Shows Strongest Year in Decades

  
WSJ - 01.27.2022 Original article ›
Josh Mitchell
LyrArc Article Gist
US economic growth for the fourth quarter 2021 was at the annual rate of 6.9%. Economic growth rate for full year 2021 was 5.5%. This is the fastest growth since 1984 when  growth followed a double dip recession and high inflation. Most of the surge in growth in 4th quarter 2021 was from companies restocking merchandise and shelves and not from people buying more stuff. Without these inventory effects growth in fourth quarter 2021 would be 1.9%, according to the Commerce Department. Sales of durable goods, of cars refrigerators, actually fell in December.

For the current quarter, the first quarter of 2022, forecasts show growth will slow to 2%.

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Original article 5 minutes, gist 1 minute

White House Considers Fed Vice Chair for Role as Biden’s Top Economic Adviser

  
WSJ - 01.25.2023 Original article ›
Andrew Restuccia, Ken Thomas, Nick Timiraos
LyrArc Article Gist
Fed vice chair Lael Brainard is president Biden's choice to replace Brian Deese as director National Economic Council. She would help Biden at a crucial period for the US economy with recession fears and inflation, and aggressive interest policy of the Fed's Jay Powell to slow inflation. Brainard is a daughter of a US diplomat who became interested in economics after living in Poland and Germany, and seeing how countries so close to each other divided by the Iron Curtain followed very different economic policies.

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Companies Willing to Take Risks in a Recession

  
BusinessWeek - 06.11.2009 Original article ›
Joseph Weber, Joseph, Weber

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