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Sunday, December 02, 2007

US is in a Recession (according to the India Press)

According to the IndiaDaily, the U. S. is now in a recession, with massive layoffs in the financial service industry, with companies cutting back on expenditures, and a a 16-month high in American unemployment. The actual headline of the article reads 'Massive unemployment in financial services sector throws US into recession.'
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1 comment:

  1. Binu Paul11:45 PM

    What do you mean by "India Press" ?

    More on "IndiaDaily" here :

    http://www.salon.com/tech/htww/2007/02/02/indiadaily/index.html

    See also this "news"
    http://www.indiadaily.com/editorial/1753.asp
    from "IndiaDaily"

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