Economic Glance
The aspirations that have defined the American experience — that those who work hard and play by the rules can get ahead, and that the next generation will have a better life than this one — have been battered by a devastating recession that shows few signs of having hit bottom.
"Maybe we were dreaming the American dream, you know what I mean?"
TVNL Comment: It is called the American "dream" because that is what it is to the masses. It has never been a reality except for a very few. Far more people have lived an American nightmare.
The chief economist of Moody's Economy.com sat down Thursday with a small group of reporters and offered a sobering view of what he sees ahead for the U.S. and global economies.
The economic crisis could increase the number of unemployed women by up to 22 million this year, the International Labour Organization (ILO) says.
