Economy Jul 31

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U.S. Economy Shrinks Less Than Expected

The U.S. economy sank at a pace of just 1 percent in the second quarter of the year, the Commerce Department reported Friday, in a better-than-expected showing that the recession could be winding down.

Economy May 14

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Chrysler Looks to Slim Down Dealership Network

Embattled automaker Chrysler wants to shutter about 25 percent of its 3,200 U.S. dealerships by next month, stating in a bankruptcy court filing Thursday that the network is antiquated and has too many stores competing with each other.

Economy May 08

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Jobs Reports Shows Layoff Pace Slowed in April

The pace of layoffs slowed in April as employers cut 539,000 jobs, the fewest in six months, according to a Labor Department report released Friday. But the unemployment rate climbed to 8.9 percent, the highest since late 1983.

Question/Comment: The Independent mentions that the United Kingdom might move to a three day work week. While some companies have resorted to this kind of solution, most have not. Would this kind of measure be of any help if…

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