What Is U, V or W-shaped Recession?
Thursday July 23, 2009
Unemployed Senior
Economist Nouriel Roubini recently predicted a U or possibly W-shaped recession. What do these alphabet-soup descriptions of recession mean?
Most economists had hoped for a V-shaped recession, similar to the ones in 1990 and 2001. This is one that is very deep, but short-lived (less than 8 months) and bounces back strongly. It is too late for the current recession to be a V-shaped, since it has already lasted 18 months.
Instead, Roubini is forecasting a U-shaped recession, which has a longer decline before it bounces back. Roubini is forecasting that the recovery will be shallow. The economy will not grow more than 1% for the next several years..
There is also a risk of a W-shaped recovery. If the Fed raises interest rates, or the government raises taxes after a recovery starts in 2010, the economy could be pushed back into recession.
What It Means to You
Whether the economy is a U or a W, life will not be returning to "normal" for quite a while. A healthy economy requires 2-3% GDP growth and 150,000 new jobs per month. This probably won't happen until banks return to normal lending activity, no matter how much the government spends.
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* Unemployment worse Than 2001 Recession
* What Causes Recession?
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Common household items can be very successful cleaners if you know how to make the most of them. The basic natural cleaning kit contains items like cornstarch, castile soap, and even borax.
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The changing face of the Arctic
* Story Highlights
* New study on Arctic changing temperatures finds dramatic changes to region
* Conducted during Fourth International Polar Year that ended in 2008
* Some animals and plant life benefiting from rising temperatures
* Dramatic decline in sea ice threatening iconic species like polar bear
September 11, 2009 -- Updated 0301 GMT (1101 HKT)
* Next Article in Technology »
* Read
* PHOTOS
By Dean Irvine
CNN
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(CNN) -- The Arctic as we know it may soon be a thing of the past.
Musk ox in the Arctic check the spread of shrubs to the High Arctic, but promote grass growth.
Musk ox in the Arctic check the spread of shrubs to the High Arctic, but promote grass growth.
more photos »
That's the message from Eric Post, lead scientist of a new report into the effects of climate change on life in the Arctic.
Published in "Science" magazine, Post and his team of international scientist conducted the study during the fourth International Polar Year that ended in 2008.
"It seems no matter where you look -- on the ground, in the air, or in the water -- we're seeing signs of rapid change," said Post in a press statement.
The report found that flora and fauna of the Arctic are responding in various ways to the region's changes in climate over the last 150 years, and more recently the 20 to 30 years where seasonal minimal sea ice coverage has declined by 45,000 square kilometers per year.
With the decline in sea ice and snow, animals usually seen at lower latitudes are being found in more northerly regions, including red foxes that have been displacing native Arctic foxes. Photo View the gallery of Arctic life affected by climate change »
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The report found that some native Arctic species have also benefited from climate change, including wild reindeer on the Norwegian archipelago of Svalbard.
With less sno
減少暖化 台灣代表:蔬食
【聯合報╱記者李承宇/台北報導】
2009.09.27 03:09 am
昨天全世界共有五千位民眾同步發聲,提出對氣候變遷的意見,台灣一○八位代表建議,應將蔬食做為減少溫室氣體排放的途徑。
聯合國氣候變遷會議年底將在丹麥哥本哈根召開,丹麥政府為了納入更多公民參與,舉辦全球公民高峰會。
我國是這次卅八個合辦國之一,主辦單位台灣永續能源研究基金會選出代表台灣人口特性的一○八位代表,與全球共五千位代表同一時間進行討論。
【2009/09/27 聯合報】@ http://udn.com/
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From saving wild mountain rivers in China to measuring the Arctic's icy expanse, from protecting the lush forests of Africa to conducting a feisty online debate, our green heroes are informed by this simple notion: We can all make a difference
"We are vegetarians who promote vegetarianism, advocate animal welfare/rights and environmental conservation.
We oppose meat consumption and the use of animal products. We are against animal cruelty as well as acts that endanger the environment.
If you are like-minded, you are welcome to join our effort. For contact, please email us at: vegpeking('at')gmail.com.
A lot of articles published on our site are translated from English, the original url are usually provided at the bottom of the article.
Currently we have no English page for this website, please watch following video to understand what we are doing:
NASA Climate Report on Global Warming, including interview with Professor Gerald Dickens (associate Professor of Earth Sciences, Rice University, USA) on carbon dioxide being released from oceans. Highlights the latest findings that the Arctic ice could almost be all melted by 2012. Includes teleconference with Supreme Master Ching Hai.
As stated in The Copenhagen Declaration on Meat Consumption and Climate Change:
"A call from people concerned about the future of humanity and the planet for a major shift to plant-based diets, in order to avoid an impending global climate catastrophe."
It's time to remind ourselves what Albert Einstein said:
"Nothing will benefit human health and increase chances for survival of life on Earth as much as the evolution to a vegetarian diet."
International Vegetarian Club of Beijing (IVCB) "