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Topic: Recession
It’s official: We are in a recession. Is anyone surprised?
December 2, 2008 | 
The National Bureau of Economic Research announced today what Americans have known, or at least suspected, for the past year: the United States is in a recession. It’s official.The recession, according to the NBES, began in 2007, again, no earth-shattering news to many Americans.
The statement came even as the stock market, which had a rebound last week, tanked on the news, dropping 400 points by noon Monday and closing the day down by 680. With a public still reeling from months of soaring gas prices and the fallout of higher food and other retail items (due in part to exploding transportation costs), the reality of recession with or without documentation from a national bureau. «Read the rest of this article»
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Economic slowdown touching Clarksville?
March 30, 2008 |
Photograph By: Bill Larson
This is Del Del Jekins. I took time to speak with him as I made my way down Madison Avenue the other day. Mr. Jenkins works in the construction industry, pouring concrete. With the slowing economy, he came to Clarksville looking for work in our local construction industry, but as he told me, “So far things are not looking too good.” Clarksville has yet to feel the pinch of the national recession as intensely as other areas of our country, but have no doubt that it eventually will. Historically, Clarksville is generally slow entering a recession and even slower getting out of one. This fact does not bode well for the potential success of the redevelopment plans that Clarksville’s city government is dead set on undertaking.
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