Posh Salvation Army Centers Sputter in Downturn

Depressing: That one-day hiring binge kept us in the black

(NEWSER) - Just how lousy were today's unemployment numbers ? Employers created a meager 54,000 jobs, way under expectations. Alex Goldmark at Good points out that if not for McDonald's one-day hiring binge of 62,000 jobs, the nation would have had a net loss. "That's what makes today's numbers all the more depressing," he writes. "If it weren't for the country's largest restaurant chain going on a burger flipper binge, the reports wouldn't say 'sharp slowdown' they'd say 'reversal' or 'devastating.'" More»

(NEWSER) - Now that the recession’s supposed to be just about over, it’s time to survey the battlefield and pick out winners, and nobody was a bigger winner than the Golden Arches, writes Daniel Gross for Slate. McDonald’s sales grew more in 2008 than in 2006 or 2007, and it opened 600 more stores even as its competitors were closing theirs down. So far, it’s had same-store sales boosts in every month of 2009. How’d Ronald do it? More»

Chinese revert to cheaper, healthier options amid recession

(NEWSER) - The dollar menu thrives when times are tough in the US, but in China—where Western fast food is no bargain—the American chains are facing tough competition. Price is the main sticking point, but not the only one. "It's fast food," one diner in Shanghai told the LA Times; "it's not good for you" More»

Who doesn't associate world-class athletes with the McDonald's lifestyle?

(NEWSER) - Nothing symbolizes physical fitness better than ... McDonald's, right? The fast-food chain is a major London Olympics sponsor, and it has some pretty big plans—literally. The world's largest McDonald's will open this summer in Olympic Park. The AP describes it as a "cathedral-like restaurant" whose two stories house room for 1,500 diners. If spectators can't find a seat there, they'll have three other locations from which to choose in Olympic Park, and a fifth location will be set up in the athletes' village. More»

Figures reveal first 'double-dip' recession since '70s

(NEWSER) - More bad news for Britain's beleaguered government: The country slid back into recession in the first quarter of this year, according to figures released today. The economy shrank for the second straight quarter, marking the first "double-dip" recession, in which GDP falls before output lost in the previous recession is recovered, since the mid-70s, Bloomberg reports. The British economy shrank 7.1% in the 2008-2009 recession and recovery since has been weak and fitful. More»