Recession affects a lot of families worldwide

Last year, a big news explosion regarding global recession affects every individual families. In my own observation, this all started when the biggest insurance company named Lehmans fall down. Most of the business that were tied up had a domino effect. Banks, multinational companies, auto industries, were just a few of the large companies that were very much affected. I have read about the news regarding the recession made by the auto industry specifically to the BMW cars. There were 500 workers laid off due to cost cutting. Most of the places that were very much affected are Dakota, South Carolina. I am hoping that the economy can cope up all this matters and all will go back to normal.