Sentences with phrase «closed during the recession»

Nor are the small banks that closed during the recession likely to return.

But not a single Canadian bank closed during the recession, none needed bailouts and Canadian government's lone intervention in the industry — an offer to purchase $ 125 billion in insured mortgages — went half unused.

Not exact matches

He specifically referenced a recent Wall Street Journal story that said through April 6, physical store closures have been announced for 2,880 locations this year and the pace looks poised to exceed the closings that were notched during the Great Recession.

When closing a deal or finalizing a sale turns into a negotiation, small - business owners often end up on the losing side — particularly during a recession.

There are no sleeping beauties in the revised tale: if the factory in your community closed during the Great Recession, it is likely staying closed.

While base rates kept at or close to zero for almost seven years and three massive asset - buying programs by the Fed have undoubtedly helped stabilize the US (and world) economy during and after the recession that followed the global financial crisis, the continuation of expansionary monetary policies is now supporting a growing excess of global liquidity that has been distorting the market signals sent by stock and bond prices and thus contributing to the growing volatility seen in recent weeks.

If we compare operating spending by municipalities to GDP, which is a broad measure of ability to pay, it remains within historical averages of close to 3 % of GDP.  In 2012, operating spending by all municipalities in Canada amounted to just 3.1 % of GDP, the same that it was twenty years ago, and down from the 3.3 % reached in 2009 during the depths of the recession.  This ratio was higher during the recession because GDP had dropped and governments sensibly embarked on stimulus spending to prevent a depression. This was before their misguided adventures in austerity (which presumably the CFIB supports, but have caused devastation to small businesses in countries elsewhere).

It must also have been noted, if the earlier chapters have been perused with care, that during each major recession the preparation has been made for a fresh advance, and, as we hinted at the close of the last paragraph, this has been in quite unexpected quarters.

Stiglitz and Orszag conclude that the least damaging type of temporary gap closing action during a recession is a tax on the portions of income that are least likely to be spent.

Small businesses continue to be stifled by challenges that affected them during the recession, including late payments from other firms and a lack of finance from the banks, which forced many small firms to close.

Legislators said the money should be distributed through an «equitable formula» to help low - performing schools close the $ 6 billion gap created during the 2008 financial recession.

Mr Darling is expected to concentrate on his stewardship of the economy during the crisis which saw the official recession draw to a close in December.

Even during the recent recession, the «green» economy has grown in real terms and is expected to employ close to a million people in the next few years.

While the numbers are an improvement from steep drop in both categories during the recession, the upswing remains far below what is needed to close the teacher shortage plaguing many school districts.

Pay close attention to how it did during the recession.

With this in mind, as the economy (hopefully) transitions from recession to recovery over the next year, pet specialty retailers would be wise to take a close look at not only how their businesses fared during a tough 2009, but also how their neighbors have survived or failed in the face of adversity.

During the depths of the recession, many credit card issuers closed their doors on cardholders with blemished credit.

He had been a small business owner in Groveland for decades, but like many during the recession, was forced to close his doors.

The main metro area is still a ghost town, and you'll find dozens of boarded up commercial buildings that closed during the Great Recession.

According to Michael Wiener, CEO of Excess Space Retail Services, during the depth of the recession many publicly traded chains were hesitant to announce they were closing stores because they feared Wall Street's reaction.

This is an interesting development since during the recession, Starbucks was forced to close 600 stores because it over-expanded.