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2008 is the year when economic recession in developed countries began. These highly industrialized nations plunged into financial crisis leading other countries in the brink of economic collapse. A chain reaction of economic decline was expected to happen which led to problems in unemployment, displaced corporations and businesses. Global economic recession triggered the increase in cases of . . . → Read More: Bankruptcy in 2008 The Republic Airways Holdings Inc. has just be announced as the winner in the auction to acquire Frontier Airlines, as part of the procedures under Frontier’s Chapter 11 bankruptcy cases. The selection process was said to be made in consultation the Creditor’s Committee assigned in the carrier’s bankruptcy case. A press release by the Frontier Airlines Holdings . . . → Read More: Frontier Airline Announces Winner of Auction Tourism helps the economy of many countries around the world. The growth of tourism in one country translates to flourishing local businesses, services and employment opportunities. The onset of the global economic recession has affected the tourism industry of almost all nations who thrive from it. Tourism problem has truly brought a major concern not only . . . → Read More: The Effects of Tourism on the Economy |
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