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The Financial Crisis

News about the crashing stock market, recession, layoffs, salary cuts and the uncertain financial situation is certainly a cause of great stress to most people. For those who, until recently, were very comfortably off, worries about how to handle day-to-day living as well as long-term financial commitments could become overwhelming upon hearing such news. In the current economic situation the fear of unemployment is also very real. With so much emphasis on the financial crisis it is difficult to avoid feelings of anxiety and distress. This article gives you a low-down on coping in such situations...

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Financial Crisis: Overcoming fear and stress

News of the crashing stock-market, recession, layoffs, salary cuts, and the uncertain financial situation is certainly a cause of great stress to most people. In the current economic situation the fear of unemployment is also very real. Experts recommend a number of steps that could be helpful, and warn against others that are actually counter-productive. Here is a look at some of these.

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Downsizing

Previously, the norm was that you had a job for life. Today we are in the transitory phase with global transformations and economic fluctuations requiring speedy adjustments. Most businesses today must continually make changes to remain competitive. Downsizings are almost routine and being laid off does not have to reduce your employability -- unless you let it.

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