Recession Resources

By Lee F. RSS Wed, January 13, 2010

Recession Tools? What’s that about?

We all know that times are tough. In fact, the unemployment rate is in the double-digits, one out of eight Americans is now receiving food stamps, and mortgage foreclosures are at record highs. That’s why the Free Library has posted a web topic under the heading Recession Tools.

In the green Explore box on our home page, patrons can access a list of recession resources. For example, if you need to apply for food stamps or are looking for help to avoid foreclosure, you can find direct links to websites of organizations that provide grassroots consumer assistance and help.

The page is broken down by category, including:

Plus, the page features help for special groups:

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A credit crunch (also known as a credit squeeze or credit crisis) is a reduction in the general availability of loans (or credit) or a sudden tightening of the conditions required to obtain a loan from the banks. A credit crunch generally involves a reduction in the availability of credit independent of a rise in official interest rates. In such situations, the relationship between credit availability and interest rates has implicitly changed, such that either credit becomes less available at any given official interest rate, or there ceases to be a clear relationship between interest rates and credit availability (i.e. credit rationing occurs). Many times, a credit crunch is accompanied by a flight to quality by lenders and investors, as they seek less risky investments (often at the expense of small to medium size enterprises)
Daniel - London
Saturday, January 23, 2010

There are many ways to get out of this global financial difficulties. Keep cool while looking for new ways to gain freedom and also kept the focus on new ways of creative and innovative.
Tony - Singapore
Sunday, February 7, 2010