Millions of Americans rely on public pensions for retirement, but the funding status of many plans took a big hit during the recession. Some observers worry that public pensions will prove to be a major economic problem, while others say the issue will largely resolve itself as the economy recovers.
Fiscal problems in a number of European countries have raised concerns about long-term economic performance and the future of the eurozone, as well as the implications for the American economy.
Furniture sales began to pick up in the first half of 2010 after slumping during the recession. Custom upholstery and mattress manufacturing represent two bright spots in the domestic furniture industry.
The financial crisis shed light on the so-called “shadow” banking sector, the not clearly understood area in which much of the turmoil took place. Understanding the functions, purpose, and instabilities of the system will be key to successful reform.
Digital downloads and illegal file sharing signal a need for the music industry to adopt a new business strategy. But the jury is still out on how artists and labels can profit in a world where consumer preferences have fundamentally changed.
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|Upfront||Regional News at a Glance|
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