May 03, 2008.
US, department of labor announced approx. 20K layoff in April 2008, this 20K was better figure because past 3 months figures were around 80K. Whats happening inside United States was no major innovation was taking place, though he is the leader in all persective but couldn't stop himself heading towards recession.
I feel recession in US because of no major innovations is happening, innovation creates more job opportunity and why innovation is not happening, because US has no competition or threat like erst while USSR.
For ex: NASA, brain of the earth still using space shuttle its almost 20 years old for space travel.
Earlier USSR was major boost for US to innovation. Its human nature in fear or threat we will be alert and try to develop new techniques to protect ourself.
During cold war both US and Russia achieved tremendous progress in science and technologys in turn it leads to IT\Computer revolutions. IT revolution was one of the main reason why US prospored during President Bill Clinton period.
I know recession happens no matter what its cycle but innovation helps directly or indirectly avoid the suffer for some extent.
US, department of labor announced approx. 20K layoff in April 2008, this 20K was better figure because past 3 months figures were around 80K. Whats happening inside United States was no major innovation was taking place, though he is the leader in all persective but couldn't stop himself heading towards recession.
I feel recession in US because of no major innovations is happening, innovation creates more job opportunity and why innovation is not happening, because US has no competition or threat like erst while USSR.
For ex: NASA, brain of the earth still using space shuttle its almost 20 years old for space travel.
Earlier USSR was major boost for US to innovation. Its human nature in fear or threat we will be alert and try to develop new techniques to protect ourself.
During cold war both US and Russia achieved tremendous progress in science and technologys in turn it leads to IT\Computer revolutions. IT revolution was one of the main reason why US prospored during President Bill Clinton period.
I know recession happens no matter what its cycle but innovation helps directly or indirectly avoid the suffer for some extent.
