The American economy contracted at a surprisingly sharp 6.1 percent rate in the first quarter as exports and business inventories plummeted. Former U.S. Federal Reserve Chairman Alan Greenspan said the current global recession will "surely be the longest and deepest" since the 1930s.The global recession has resulted in more than one million job losses in the
An American personal trainer Alex Light has created free boot camp classes for retrenched professionals. The concept aims to help unemployed people get fit and boost morale during the hard times. Light himself a victim of the recession states “the training is held 3 times-a-week, we aim to get fit and meet new people. With hard work and dedication together we will find the solutions to our individual problems.”
Light now hopes to spread the concept across the globe, pursuing sponsorships in order to keep the classes free and become self employed. Light hopes that when the recession ends the people will get employment and continue training as paying customers.