Annotated Bibliography
Handley Meg. "5 Reasons the Economy Will Be Better in 2012." US News. U.S.News & World Report, 21 Nov. 2011. Web. 2 Nov. 2012
“The past year has been full of ups and downs—mostly downs—with the nation bracing for the worst with each job report, each GDP release, while also yearning to see a glimmer of improvement in the flat-lining U.S. economy”. This article talks about how the economy will start turning around in 2012 and how everything will start becoming better for the average American. The unemployment rate has dropped since 2011 and that’s a good thing. They are saying that there is going to be moderate economic growth meaning the economy with expand and become bigger like it used to be and it has gotten better. Second thing is that there won’t be another recession and the economy is still in a bit of a recession it’s seeing little progress in coming out on top like it used to be. “Despite a relatively subdued outlook, the panel estimates that the odds of a second recession remain low”. Another issue is there would be more business spending meaning that businesses will be making more profits and stock prices would go up and would continue to rise. They predicted corporate profits would rise around or near 7% and continue through December of 2012. Many businesses have not invested in new technology and infrastructure because of the economy and their worries that it might not improve. They also thought employment would improve but we still need to try to fix that today. But it has dropped a lot since 2011.
“Unemployment – Consequences of Unemployment.” http://family.jrank.org/pages/1724. Web. 1 Nov 2012.
This article relates to the consequences found from unemployment and who it affects in the family but also in the work place. Unemployment is said to be the cause of the increase in crime rates around the United States. Unemployment is also related to increase in alcoholism, child abuse, family hardships, psychiatric...