Browsing: america

What is happening this Christmas?The weather this year is extreme (perhaps partially due to global warming), but not in a good way. The storm front that is running across the United States brings in snowstorms, icy roads, blizzards and a whole bunch of cold. And this is not only bad for your health, but also for your house. How does a blizzard impact my home insurance? Although less common, blizzards are like floods to homeowners’ insurers. The extreme cold can cause pipes to freeze, roofs to break or even walls to get moldy.Not to mention the fact that in the…

What is a recession?A recession is a period of economic decline that is characterized by a decrease in gross domestic product (GDP) for two or more consecutive quarters (six months or more). During a recession, economic activity slows down and businesses may struggle to sell their products and services, leading to job losses and rising unemployment. The effects of a recession can be felt across an economy, as businesses struggle to remain profitable, and consumers may cut back on spending in order to save money. Governments may respond to a recession by implementing fiscal policies, such as increasing spending or…