World Economic Update by Alan Bologlu - 04/14/09 10:19 AM
What began six months ago with a massive de-leveraging in financial markets has turned into one of the sharpest global economic contractions in modern history. As investors repatriated overseas assets and credit conditions were tightened, firms around the world had to scale-back production and postpone capital spending plans. Faced with unprecedented loss of wealth and rapidly weakening labor markets, consumers reined-in spending, especially for durable goods. This update of the projections in the World Bank’s Global Economic Prospects report (GEP) of December 2008, reflects the rapid deterioration in financial and economic conditions—and the increasingly negative interaction between weakening economies and fragile … (0 comments)

Make sure your worry makes sense by Harvey Mackay - 04/09/09 09:02 AM
Harvey Mackay's Column This Week Make sure your worry makes sense There are plenty of things to worry about these days: your job, your 401(k), your kids' education, your mortgage. Does worrying really help with any of them?Worrying can be a productive way to stave off problems, but it also can make the original problem seem even worse. Here's an exercise recommended by Robert L. Leahy, director of The American Institute for Cognitive Therapy, which can help you understand the difference between productive and unproductive worry:Imagine that you are on trial and facing 20 years in prison. You've hired a lawyer, … (0 comments)

 
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Frank Drake

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