Thursday, March 19, 2009

Scenes from the recession

The state of our global economy: foreclosures, evictions, bankruptcies, layoffs, abandoned projects, and the people and industries caught in the middle. It can be difficult to capture financial pressures in photographs, but here a few recent glimpses into some of the places and lives affected by what some are calling the "Great Recession". (35 photos total)
 
Unused newspaper racks clutter a storage yard in San Francisco, California on Friday, March 13, 2009. (AP Photo/Noah Berger)
 
Thousands of job-seekers flock to a job fair in Hefei, Anhui province, China on March 1, 2009. At least 20 million of China's 130 million migrant workers have become jobless after tens of thousands of labor-intensive export-oriented factories closed due to the global financial crisis, and job training schemes for migrant workers are springing up around China, Xinhua News Agency reported. (REUTERS/Jianan Yu)
 
The Magen Abraham Synagogue sits at center of this photograph taken on Wednesday, Nov. 12, 2008, surrounded by the gleaming new skyscrapers in Wadi Abou Jmil, Lebanon - formerly Beirut's main Jewish neighborhood. One of Lebanon's sole remaining synagogues, this building was set for a restoration that has the rare blessing of all the factions in this divided country - but the global financial crisis has scuttled the effort for now, leaving the Magen Abraham chained, padlocked, badly damaged and overgrown with weeds. (AP Photo/Grace Kassab)
 
A home construction site stands idle where construction has been halted, on February 24, 2009 near Riverside, California. U.S. single family homes prices continued to plummet for the second year, falling 8 percent in the fourth quarter of 2008 compared to the year before. It was the biggest decline in the 21-year history of the Standard & Poors/Case-Shiller US national home price index. (David McNew/Getty Images)
 
A homeless resident of a tent city in Sacramento, California wears an American flag jacket on March 10, 2009. This tent city of the homeless is seeing an increase in population as the economy worsens, as more people join the ranks of the unemployed and as homes slip into foreclosure. (Justin Sullivan/Getty Images)
 

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