The move was delayed for a variety of reasons that included the Great Recession, a subsequent decline in yacht orders, temporary suspension of operations in 2014 and the eventual sale of the yard in 2015.
Since the great depression after First World War, the US economy along with other economies of the developed world had been experiencing this economic cycle after every eight to ten years.
And when this house of cards collapsed in this Great Recession we saw millions of innocent Americans lose their jobs, lose their homes, lose their savings.
Kuroda Industries Group chairman, Kuroda(Abe Yuji) who has gained enough power to supersede the government weakened by a major recession, is expanding the human trafficking business and human experimentations for a specific goal.
His son said,“Father, haven't you been listening to the radio? Haven't you been reading the newspapers? There's a big depression. The European situation is terrible.
The investors who lost money during the Great Recession were the ones who cashed out during the market panic, not the ones who held on to their investments and trusted in a future market recovery.
The recovery from the Great Recession of 2007- 2009 has returned to the pattern of past cycles in which labor's share of national income begins to rise.
大不況は、バブル崩壊のためではなく、労働生産性の低下が見られないことから構造的なものでもない。
The Great Stagnation was not caused by the burst of the bubble, nor is it a structural issue since a drop in labor productivity cannot be observed.
The Great Recession ended when American GDP resumed its kind of slow, steady march upward, and some other economic indicators also started to rebound, and they got kind of healthy kind of quickly.
In other words, the price tag of a Green New Deal that would make a difference would have to be much higher than what governments like the U.S. and South Korea actually spent during the Great Recession.
In the U.S. economy, household debt has dramatically worsened, automobile loans are far exceeding their 2008 peaks, and unpaid credit card balances are just as high as the period preceding the Great Recession.
In other words, the price tag of a Green New Deal that would make a difference would have to be much higher than what governments such as the U.S. and Korea actually spent during the Great Recession.
Many workers lost their jobs during the major economic depression of 1837, and there was a strong feeling that what the unemployed needed was not the workhouse but short-term relief to tide them over.
The unusual feature of the Great Recession was not just its size, but that for the first time since the 1930s governments started reducing spending in what should have been the recovery period.
Despite evidence that the U.S. economy has come back from the Great Recession, many voters viewed progress as too slow and their own future financial prospects as too uncertain.
Now they have grown quite pessimistic: At this point, GS is predicting an unemployment rate of 8 3/4 percent at the end of 2012- five years after the Great Recession began.
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