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Effects of Recession

Posted by abie on 2:12 AM in
I hate watching the news lately. Every day I hear news about how bad our economy is getting brought about by the economic recession. They say that prices for real estate have dropped by almost 50% because of the decrease in demands and everyday they feature someone who has to give up their house or their condominium unit because they can no longer afford the monthly amortization. Everyday also, I see from the news the hundreds and thousands of employees getting laid off because of the downsizing of the different companies.

I have a friend who is currently affected by the economic recession. Since they live in the city where unemployment rate is higher, she now fears that anytime she can loose her job. But I am glad that instead of dwelling on that fearful fact, she instead tried to think positively. She started looking for cosmetology schools where she can take training on cosmetology so she will have a fall back if ever she got laid off. In fact, she already has a short list of the schools that she is eyeing. She was able to get information right away since she found a site where she can easily search of cosmetology schools by state or zip code.

I hope that the economy will get better soon as there are really a lot of people being affected by the US economic meltdown.

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