CNET News

With the calendar winding down, the hours get hardest when Andy Erickson and his wife, Andrea, are forced to take out their checkbook and do the math.

“We see the finish line in December before we have to… Read the rest

Joel Guinto
INQUIRER.net

MANILA, Philippines — President Gloria Macapagal-Arroyo has unveiled a “payback package” for overseas Filipino workers (OFW) who have been retrenched as a result of the global financial crisis, even as she belittled the layoffs… Read the rest

Christine Avendaño
Philippine Daily Inquirer

MANILA, Philippines—Saying 2009 could be a “perilous” year, Senator Edgardo Angara said on Wednesday that close to 60,000 Filipinos could lose their jobs abroad, mostly from the United States, due to the global recession.… Read the rest

Erica Ogg
cnet News

Analysts are readjusting their expectations for the PC industry next year, and it’s not looking good.

On Wednesday, IDC released an updated forecast for the number of PCs expected to be shipped next year. In… Read the rest

Alexander Villafania
INQUIRER.net

MANDALUYONG CITY, Philippines – Philippine-based outsourcing giants are now feeling effects of the US recession with some companies seeing a slowdown in demand for services, particularly on medical transcription and animation, industry executives said.

But some… Read the rest

William French
Agence France-Presse

GENEVA, Switzerland — Illegal immigration is likely to rise as the economic crisis continues and governments must do more to effectively manage the flow of labor, the International Organization for Migration (IOM) said… Read the rest

Rob Lever
Agence France-Presse

WASHINGTON, United States — The United States officially joined the ranks of the recession-hit economies, but debate is still raging on how long and how deep the downturn will be.

The Business Cycle Dating Committee… Read the rest

Aurelio O. Angeles
Philippine Daily Inquirer

(Conclusion)

WHAT DOES it mean to the people of the United States when their economy’s current account has been on deficit not just for a year, but for 31 years?

Here are thoughts… Read the rest

Cielito Habito
Philippine Daily Inquirer

THE THIRD QUARTER GDP growth figures are out, and the numbers are as everyone expected. The economy has slowed down in the face of the shocks from abroad, and what kept it from slowing… Read the rest