Today’s question: Are we (ie the U.S of A) in a Recession or a Depression? From good ole Wikipedia…
“A recession may involve simultaneous declines in coincident measures of overall economic activity such as employment, investment, and corporate profits. Recessions may be associated with falling prices (deflation), or, alternatively, sharply rising prices (inflation) in a process known as stagflation. A severe or long recession is referred to as an economic depression. Although the distinction between a recession and a depression is not clearly defined, it is often said that a decline in GDP of more than 10% constitutes a depression. A devastating breakdown of an economy (essentially, a severe depression, or hyperinflation, depending on the circumstances) is called economic collapse.”
“In economics, a depression is a term commonly used for a sustained downturn in the economy. It is more severe than a recession (which is seen as a normal downturn in the business cycle). Considered a rare but extreme form of recession, the start of a depression is characterized by unusual increases in unemployment, restriction of credit, shrinking output and investment, price deflation or hyperinflation, numerous bankruptcies, reduced amounts of trade and commerce, as well as violent currency devaluations. Unlike a recession, there is no official definition for a depression, even though some have been proposed. Generally it is marked by a substantial and sustained shortfall of the ability to purchase goods relative to the amount that could be produced given current resources and technology (potential output). One could say that while a recession refers to the economy “falling down,” a depression is a matter of “not being able to get up.””
Dayum…Note to black parents: Monitor your children’s pages on Myspace, Bebo, etc. I saw this girls parents on the Today Show yesterday…and they did monitor her at home. However, we all know your children can access the web at school, at a friends home, the library, and on their cell phones. I think this is a dayum shame…just unheard of.
MISSOURI — 13-year-old Megan Meier of Dardenne Prairie hanged herself after a person she chatted with on MySpace abruptly ended their friendship and sent her mean messages.
But it turns out the 16-year-old boy Megan thought she was speaking with, was, in fact, the mother of a former friend who lived just down the street.
After the negative emails, Megan fell into a depression and killed herself.
Megan’s parents are speaking out to try and protect other vulnerable children from cyber-bullies . No charges have been filed against the former friend’s mother, but Megan’s parents hold her responsible for their daughter’s death.
“Drawing from data in the nation’s largest real-world study of treatment-resistant depression, a team led by researchers at Los Angeles Biomedical Research Institute at Harbor-UCLA Medical Center (LA BioMed) reported in November’s Medical Care journal that African-Americans and Latinos didn’t respond as well as whites to medication for their depression… The study suggests that the lower response rates may stem from differences in socioeconomic background – rather than race or ethnicity per se…‘We found that these two groups tended to be more disadvantaged socioeconomically, had more medical problems, less education and higher unemployment rates. As a result, they may need more treatment, including talk therapy, to overcome their depression.’ ” (Read whole article at physorg.com)
Get some counseling, go to church…do something. Let this be a lesson, Negroes. When doctors and scientists come up with these medicines and remedies they do not take into account racial and socioeconomic differences. Hell, sometimes they don’t take into account the differences between male and female anatomy. I’m always appalled when I see that commercial that says women shouldn’t even handle the drug (I can’t remember the name of the drug). If women shouldn’t handle it…why in the HELL would a man want to ingest it?? A pill can help, but usually it will not heal your mind, body and soul.