downturn

We were talking Monday about the unexpected effects of the foreclosure crisis, like skateboarders in California taking advantage of empty swimming pools behind vacant homes to practice their craft. Here’s another: Gambling is falling in popularity as more people choose instead to pay their bills, Bloomberg reports. That means tough times for Atlantic City, where [...]

Here’s a headline that’s a sign of the times: “More Workers Needed for NJ Unemployment Claims.”
The Associated Press story, which ran yesterday, goes on to reveal that the state is hiring 130 additional workers to tackle the baglog of claims created by the economic downturn. (New Jersey’s unemployment rate has jumped from 4.2 percent to [...]