DEPRESSION

European treasury needed to avoid Depression: Soros

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Billionaire investor George Soros has warned Europe's debt crisis risks triggering another Great Depression unless euro zone leaders adopt a series of radical policy measures, including the creation of a common treasury.
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Hurricane Katrina

Tropical Storm New Orleans: Flooding Is a Greater Threat Than Winds

Tropical Depression 13, which continued to move toward the Gulf Coast on Friday, has winds up to 35 miles per hour, but the region can't rest easy. The storm may not be packing hurricane-force winds when it hits New Orleans, but it could drench the city with up to 20 inches of rain and cause severe flooding.
A Chinese doctor stands by the doorway as he is surrounded by patients suffering psychiatric problem..

Depression Rates Higher in Wealthy Countries: Study

Depression rates are higher in countries with higher incomes, a study found. 121 million people worldwide suffer from depression and rates are disproportionately high in countries with higher incomes. Depression significantly decreases quality of life and inherently comes with distorted, irrational, and negative thinking patterns.
Focus of Discussion: Mental Health

Depression Rates Highest in Wealthy Countries

A new study incorporating interviews with more than 89,000 people in 18 nations revealed that 15 percent of people in high-income countries reported having been depressed, compared with 11 percent of those in low- or middle-income countries.
Focus of Discussion: Mental Health

Richest Nations are Also Most Depressed: Study

A new study incorporating interviews with more than 89,000 people in 18 nations revealed that 15 percent of people in high-income countries reported having been depressed, compared with 11 percent of those in low- or middle-income countries.
Focus of Discussion: Mental Health

Wealthiest Nations Are Unhappiest: Study

Depression rates are consistently higher in more affluent countries than in low income countries, according to researchers who correlated socioeconomic data with depression levels.
U.S. Public Works Projects: A Source of Jobs

U.S. Job Growth - Five Programs to Revive It

Cutting federal spending in 2011 could tip the U.S. economy back into a recession, just as it almost did in 1937. On the contrary, if the federal government spent more on infrastructure/public works projects it would create many jobs, and achieve great things, like the construction of the Empire State Building in the 1930s and 1 World Trade Center today.
Traders work on the floor of the New York Stock Exchange, June 7, 2011.

Depression? No. Depressed? Yes!

Yesterday, a highly valued client of ours posed this question to us: ”Do you think that we are headed towards a depression?” It is not clear to me what event triggered the question, but my answer was a resounding “No”.

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