recession

Food Truck Entrepreneurs

If you live in New York or another major city, chances are you’ve encountered food trucks–those mobile eateries that serve everything from plain bagels and coffee to tacos to Chinese dumplings. According to Inc.com, these restaurants on wheels have been experiencing a resurgence lately, which has given rise to even more gourmet and exotic offerings. [...]

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Lehman Brothers–a Retrospective

In honor of the one-year anniversary of the collapse of Lehman Brothers, the former vice chairman of the firm, Barbara Byrne, recounted the experience of living through the final days of the 164-year-old firm in a recent interview with Fortune. Commenting on the consequences of the Lehman bankruptcy, Byrne said: I think that allowing the [...]

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Retailers Need Converts Not New Customers

During this downturn, Wal-mart and other bargain-hunter satisfying retailers have profited while others have struggled. While high-end retailers are seeing their numbers plummet, Wal-mart is experiencing significant growth. The question is whether this growth is sustainable. When the bad times are over will Wal-mart and other retailers like them be able to keep the new [...]

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Don’t Save So Hard, You’ll Hurt Yourself!

I’ve noticed that there’s a strange inverse relationship between the size of my apartment and the price of my new television. My charming husband won my consent for the decadent purchase with the reasoning that a cheaper TV would take up too much space in our small living room. We actually had to spend more [...]

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Wanted: Talented People

In the wake of the current recession, many businesses have rushed  to cut employees as a way to quickly and drastically cut costs. But, as George Anders notes in The New York Times, certain savvy companies in the entertainment, venture capital, and medical research fields are actually using these tough times as an opportunity to [...]

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Layoffs, layoffs, and more layoffs

This was another lovely headline to wake up to:  ADP index shows private-sector jobs fell by 697,000 in Feb. I hope America’s senior managers will read Geoff Colvin’s forthcoming book, THE UPSIDE OF THE DOWNTURN, and learn the danger of rushing into mass layoffs as a first resort. There are smarter ways to cut costs [...]

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