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.'

1 comment:

Binu Paul said...

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"