article thumbnail

Is Your Company Ready for a Downturn in the Economy?

Credit Research Foundation

It’s been 16 years since the last major economic downturn – the banking crisis that started in 2007 and was in full impact mode from 2008 through 2010. During that period, the U.S. economy shed over 8.7 million jobs, and the unemployment rate peaked at 10% in October 2009.

article thumbnail

When Life Gives You an Economic Crisis – Make the Best out of It with SAP

SAP Credit Management

“Baiba, you have a good brain – go and study something else”, was what her grandpa told her once the economic crisis hit hard in 2008. But when everything collapsed in 2008, there were not many jobs for newbies like me.” After all, Latvia had just joined the European Union”, she explains.

166
166
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Virtually test driving an SAP Community platform, usably?

SAP Credit Management

SDN (SAP Community) blog post stats 2007 – 2008 The above chart is from a once-online worksheet site that I fortunately kept a local copy of, and shows a time period from august 2007 through February 2008 (excel date mangling affected 3 of 4 chart copies).

168
168
article thumbnail

The Big Easy, A Few Clue Trains, and TechEd 2023

SAP Credit Management

To Berlin on Deutsch Bahn When TechEd Was There We rode in 2008 and in 2009. We have tickets on the Amtrak from DC to New Orleans, and will be hanging around there through Halloween, then while TechEd 2023 happens, and staying through until the ASUG conference by the Big Muddy.

165
165
article thumbnail

Remembering Larry Vasbinder: A Visionary in the Receivables Management Industry

RMAi Blog

In 2008, Larry founded Second Round, recognizing a unique opportunity to bridge the gap between portfolio acquisitions and the burgeoning debt settlement industry. “His contributions to his family, friends, the Second Round Team and the ARM Industry were immeasurable, and his legacy will live on in the selfless work he has done.

147
147
article thumbnail

Difference Between Recession and Depression

Due

If you lived through the 2008 recession, you know how painful recessions can be. As shown in the table below, unemployment rates during the Great Depression reached over 20%, whereas unemployment rates during the 2008 recession peaked at 10%. The effects of that recession lasted long after the period was declared over.

125
125
article thumbnail

CASE SUMMARY: AIG Inc. Subsidiary AIG Financial Products Corp. Files Chapter 11 After 14-Year Wind-Down Process Stemming From 2008-2009 Financial Crisis

Reorg Blog

Files Chapter 11 After 14-Year Wind-Down Process Stemming From 2008-2009 Financial Crisis appeared first on Reorg. The post CASE SUMMARY: AIG Inc. Subsidiary AIG Financial Products Corp.