Tag: recession
Fiscal Cliff Approaches as Republicans Reject Obama’s Plan
AFRICANGLOBE - So much for those post-election hopes that the parties would reach a deal to avoid the looming fiscal cliff. Leading Republicans have...
Tavis Smiley: Poverty is the New Slavery
According to a new report out this past week, poverty in America has reached its highest level since 1965. That so many Americans remain...
Africa’s Investment Benefits From Global Recession Set To Bypass South Africa
With Africa’s economic recovery in full swing in spite of the global recession, the continent is set to become the investment destination for many companies,...
Trickle Down Economics: An Epic Failure
We are in the midst of an economic crisis that trickle-down economics can’t fix. We had what is known as a both a recession and a financial crisis, which take much longer to overcome when combined than individually. This has caused dramatic unemployment, underemployment, loss of homes, and financial calamity for many Americans.
Despite Bad Economy, Black Hair Businesses Booming
In a time where it seems most businesses are on the decline, hair salons are on the rise. The Census Bureau recently noted their jump in an otherwise glum report about mom-and-pop businesses, stating that the number of hairdressers and barbers and the shops that employ them grew by about 8 percent from 2008 to 2009.
