Voters' choices based on performance, not policy

Voters in U.S. presidential races make choices based on a candidate's performance rather than on his or her policy positions—even when those stances run counter to the voters' own, according to a new book by a University ...

Sony books $870mln quarterly profit

Japanese electronics and entertainment giant Sony Corp. Thursday announced a third-quarter net profit of 870 million dollars, a result it said "significantly exceeded expectations".

India's TCS announces 29 pct quarterly profit jump

India's biggest software services exporter, TCS, reported Friday that its quarterly net profit rose by 29 percent as the company sealed more deals in a better global business environment.

page 1 from 2

Recession

In economics, a recession is a general slowdown in economic activity over a sustained period of time, or a business cycle contraction. During recessions, many macroeconomic indicators vary in a similar way. Production as measured by Gross Domestic Product (GDP), employment, investment spending, capacity utilization, household incomes and business profits all fall during recessions.

Governments usually respond to recessions by adopting expansionary macroeconomic policies, such as increasing money supply, increasing government spending and decreasing taxation.

This text uses material from Wikipedia, licensed under CC BY-SA