...Changing Our Approach in Handling the Current Financial Crisis Will Be Key to Turning Economy Around
Despite Optimism, Employment Rates, Oil Prices and Market Drops Indicat Quick Economic Turnaround is Not Likely.

NEW YORK, June 8 /PRNewswire/ -- Hopes for a quick economic turnaround were essentially dashed on Friday when the Labor Department reported that ... American employers axed 49,000 jobs in May,
...the fifth straight month of job losses, an event that signals a recession
...and inspired a 394-point decline in the Dow Jones Industrial Average.
...In the June 16 Newsweek cover package "A New Kind of Recession" (on newsstands Monday, June 9) Senior Editor Dan
Gross writes that despite the grim news of a looming recession,
hope springs eternal that the second half of 2008 will be better than the first.
....That is, if we take a different approach than in the past.