Tent Cities Highlight new Realities as Recession wears on

Irish economy in sharp contraction

Ireland, the first eurozone country to fall into an official recession, has released more gloomy financial data, with official statistics revealing that its gross domestic product shrank by 7.5 per cent in the three months to December, compared with the fourth quarter of 2007.

//english.aljazeera.net/news/europe/2009/03/200932611544390293.html



UK recession: 'It's even worse than we thought,' says ONS

It is the worst performance since the second quarter of 1980 and confirms Britain is in the middle of a deep downturn following a contraction of 0.7% in the third quarter of last year and zero growth in the second.

//www.guardian.co.uk/business/2009/mar/27/recession-gdp-bank-of-england



SC unemployment reaches 11 percent for February

South Carolina's jobless rate surged to 11 percent in February, edging closer to the 14 percent peak a state advisory board expects as the recession throttles the state with the nation's second-highest unemployment rate.

//www.forbes.com/feeds/ap/2009/03/27/ap6223527.html



Jobless Rate Exceeds 10% in Three More U.S. States

The number of U.S. states with a jobless rate exceeding 10 percent almost doubled in February as the worst employment slump in the postwar era spread.

//www.bloomberg.com/apps/news?pid=20601087&sid=aBTa0e1ODD5k&refer=home



US tent cities highlight new realities as recession wears on

Tent cities reminiscent of the "Hoovervilles" of the Great Depression have been springing up in cities across the United States - from Reno in Nevada to Tampa in Florida - as foreclosures and redundancies force middle-class families from their homes.

//www.guardian.co.uk/world/2009/mar/26/tent-city-california-recession-economy


From Information Clearing House

--------

Thousands Prepare to March for 'Jobs, Justice, and Climate'
//www.commondreams.org/headline/2009/03/27-6

Number of Chronically Hungry Tops 1 Billion
//www.commondreams.org/headline/2009/03/27-2



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//freepage.twoday.net/search?q=unemployment
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//freepage.twoday.net/search?q=foreclosure
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