Economy Curbs Holiday Travel

Paid online dating sites see customers flooding to free upstarts

(NEWSER) - Traffic on free online dating sites has spiked, a trend fueled by the recession and by daters’ realization that finding love for free beats paying, reports BusinessWeek. “If it’s free, why would I go to Match?” asks a Florida woman who met her fiancé on PlentyofFish.com, which has outpaced Match.com in recent months. More»

Analysts don't expect recovery in 2009

(NEWSER) - The global economy is in a faster decline than economists predicted only weeks ago, as the bursting of the biggest-ever real-estate bubble hits real economies in Europe and Asia, killing millions of jobs and shutting businesses, the Washington Post reports. Britain just posted its biggest quarterly slump since 1980, while Germany, China, and South Korea all reported surprisingly steep declines. The numbers call for more government aid and suggest we may not see a recovery before 2010. More»

(NEWSER) - Pawn shops are turning from the shady realm of the lower class to a place for rich people to get loans, the Wall Street Journal reports. The typical household income of a pawn shop customer is $29,000, but new middle- and upper-class clients are surging. One such client pawned a $9,000 fur coat to buy private-school uniforms. Some pawn shop owners are reporting 30%-40% increases in transactions. More»

Average worker skipped 2 days of time off

(NEWSER) - America, you’re working too hard. The average worker earned 14 vacation days this year, but only used 12 of them, according to a survey from Expedia. That works out to about 226 million unused days in total and, based on the national average salary of $39,416 per year for full-time workers, $34.3 billion worth of forfeited time, CNN reports. Only two nations in the study ( PDF here ) took less time off: Japan and South Korea. More»

No, although a couple were charged and some were embarrassed

(NEWSER) - The government could soon prosecute a few Wall Streeters who allegedly played a role in the financial crisis, and the commission that uncovered those at fault was modeled on a similar probe after the Great Depression. So did anyone who precipitated that collapse ever go to jail? Nope, writes Brian Palmer in Slate ’s Explainer column: “The rampant speculation and eventual crash of 1929 weren't caused by fraud or illegality, but by unreasonable optimism and loose financial regulation.” More»