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The Recession of 2008 (also called the Recession of the late 2000s or the Great Recession) was a major worldwide economic downturn that began in 2008 and continued into 2010 and beyond.
Concerning the United States economy, some proponents of free market capitalism declare that Federal Reserve Chairman Ben Bernanke and the United States Congress should not have bailed out failing firms and instead should have allowed free market capitalism to recover as it did in the depression of 1920, which recovered without government intervention (free market capitalists assert that government intervention can drag out recessions and depressions). the economy has stabilized but showed little signs of recovery during President Obama's first term, apart from the stock market going up.
A 2005 study found that government corporate bailouts are often done for mere political considerations and the economic resources allocated exhibit significantly worse economic performance than resources allocated using purely business considerations. Serious weaknesses continued in housing, commercial real estate, banking, automobiles, and retail trade.
The term "parental leave" generally includes maternity, paternity, and adoption leave.
A distinction between "maternity leave" and "parental leave" is sometimes made- maternity leave as the mother's leave time directly before and after childbirth and parental leave being the time given to care for newborns or young children.
Sick leave (or paid sick days or sick pay) is time off from work that workers can use to stay home to address their health and safety needs without losing pay.
Paid sick leave is a statutory requirement in many nations.
The economy of the EU (Europe) shrank by 4% in 2009, with unemployment reaching 10%.
Ireland, Iceland and parts of Eastern Europe are hardest hit.
The worldwide recession hit bottom in December 2009; however after five years there were few signs that the American economy started moving upward again.Tags: Adult Dating, affair dating, sex dating