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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: weakening economy

weakening economy stories: 31 news summaries

1 - 20 of 31 Stories | 1 2 Next >>

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NYC Firm Pays Lawyers for Not Going to Work

Cost-cutting measure gives employees $80K for taking a year off

Apr 13, 09 8:34 AM CDT
(Newser) - Amid nationwide layoffs and salary freezes, how could a New York law firm justify paying some of its employees $80,000 to stay away from the office? It makes more sense when you know that the lawyers usually make three times that: The partners have found a way to cut... More »

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layoffs • salary • lawyer • weakening economy • corporate jobs • law firm • furlough • Skadden, Arps, Slate, Meagher & Flom

Recession, Free Dating Sites Are Match Made in Heaven

Paid online dating sites see customers flooding to free upstarts

Feb 6, 09 3:53 PM CST
(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... More »

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love • recession • online dating • eHarmony • Match.com • weakening economy • financial crisis • PlentyofFish.com • OKCupid.com

 Cobblers in Stitches 
 Thanks to Recession 

Dwindling trade gets boost as Americans pinch pennies

Feb 2, 09 9:01 AM CST
(Newser) - If this recession reaches Great Depression levels, there may not be enough cobblers to go around. There are only 7,000 of them left in the US—down from 120,000 in the 1920s—and their business is piling up faster than they can manage as strapped Americans repair shoes... More »

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consumer • shoes • recession • consumption • weakening economy • cobbler • shoe repair • what recession?

OPINION

 Female Perspective 
 Sorely Lacking at Davos 

Gender equality slow to scale the Alps forum—and everyone's the worse for it

Jan 28, 09 3:45 PM CST
(Newser) - Women may be the ticket out of the global recession, but World Economic Forum leaders wouldn’t know it. The predominantly male organizers have invited few women—5% of announced attendees—to the exclusive Davos forum, a misstep for a meeting billed “Shaping the Post-Crisis World,” Morice Mendoza... More »

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women • Switzerland • world economy • gender gap • World Economic Forum • Davos • weakening economy • financial crisis

 Worldwide Downturn 
 Speeds Up Alarmingly 

Analysts don't expect recovery in 2009

Jan 24, 09 7:46 AM CST
(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... More »

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China • South Korea • Germany • Europe • world economy • recession • Britain • weakening economy • downturn • financial crisis

79% Support Obama Stimulus Plan, Poll Says

And public places
more confidence in him than in Congress

Jan 8, 09 9:18 AM CST
(Newser) - Most Americans favor Barack Obama's pricey antidotes for the economy, and they like him better than his pals in the legislative branch, Politico reports. A recent poll says 79% back Obama's fiscal plans, which include a $775 billion injection into infrastructure and alternative energy. The president-elect's favorable rating sits high... More »

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Barack Obama • Congress • poll • economic stimulus package • weakening economy • economy • opinion polls • President Obama

Cubans Mark
50 Years of Fidel

Celebrations sobered after tough year for Cuba

Dec 31, 08 5:44 PM CST
(Newser) - New Year's Day marks a sober occasion for Cuban-Americans: Fidel Castro's takeover 50 years ago and the exile and family separations that ensued. Many Cubans once hoped the dictator would bring them prosperity. Today, with their beloved island in decay and many lives lost in attempts to flee, few of... More »

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communism • Cuba • dictatorship • hurricane • anniversary • Cuban Revolution • Cuban exiles • weakening economy • Cuban Americans • New Year

(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... More »

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loans • recession • credit crisis • jewelry • weakening economy • economy • financial crisis • pawn shop

 Consumer Confidence 
 Hits All-Time Low 

Economists expected a rise this month after dreary November

Dec 30, 08 10:53 AM CST
(AP) - US consumer confidence hit an all-time low this month, dropping unexpectedly in the face of layoffs and deteriorating investment markets. The Consumer Confidence Index, expected to rise incrementally to 45, fell to 38 in December from a revised 44.7 last month. The Present Situation index, which measures how respondents... More »

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United States • consumer confidence • recession • unemployment • weakening economy

 Youths Flee Struggling Iceland 

Ailing economy forcing mass exodus

Dec 2, 08 3:49 PM CST
(Newser) - Iceland faces its largest exodus in a century as job seekers flee the ailing nation, which is steeped in its worst financial crisis since independence. One survey estimates about half of Icelanders between 18 and 24 plan are thinking about leaving the country for Norway and other relatively strong economies.... More »

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inflation • world economy • unemployment • Iceland • banking • weakening economy • financial crisis

 Brits Turn to Sex 
 for Cheap Thrills 

Hard times encourage people to find inexpensive activities, poll finds

Dec 1, 08 3:41 AM CST
(Newser) - For those who can't afford to shop during the holidays, the British offer a suggestion: have sex instead. Love-making topped a list of increasingly popular cost-free activities, followed by window shopping and gossiping—which beat out sex among women—in a survey of 2,000 Brits. The findings coincide with... More »

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women • men • Scotland • England • sex • money • British • weakening economy • economy

opinion



 Strapped Budgets 
 Make for Better Gifts 

Use a signature gift to cut costs, give meaningfully

Nov 29, 08 4:10 PM CST
(Newser) - Tight budgets are forcing Americans to skirt the season's traditional buying frenzy and make gifts that put "emphasis on people, not stuff," Melissa Magsaysay writes in the Los Angeles Times. She's creating "a creative signature gift" of Ugandan beads that she's turning into bracelets: The... More »

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crafts • holiday shopping • gift • weakening economy • economy • holiday season

OPINION

Unprepared Next Gen Faces 'Stone-Cold Scarcity'

Can young people used to prosperity handle scarcity?

Nov 4, 08 11:14 AM CST
(Newser) - Today marks a national sea change, the “end of an economic era, a political era, and a generational era,” writes David Brooks in the New York Times. “The baby boomers have been a politically undistinguished generation,” he writes, and now, “change is demanded." If... More »

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Barack Obama • baby boomer • transition • weakening economy • David Brooks • Election 2008 • financial crisis

British PM Adds Obama Clip in Bid to Boost Popularity

Brown faces revolt from within his ruling Labour party

Sep 23, 08 1:00 PM CDT
(Newser) - Gordon Brown sought to capture some of Barack Obama’s political celebrity today, the AP reports, with the embattled British prime minister showing a gathering of his Labour Party old footage of the Illinois senator praising him. Brown faces a slumping economy, and elements within Labour would like to see... More »

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Barack Obama • Gordon Brown • England • world economy • Britain • weakening economy

Wall Street Meltdown Turns McCain Pro-Regulation

Republican backs off earlier enthusiasm for deregulation

Sep 17, 08 12:00 PM CDT
(Newser) - With Wall Street in extremis, John McCain is backing away from a long history as an opponent of financial regulation, reports the Washington Post. The paper cites McCain's record in backing banking deregulation, including the 1999 legislation, sponsored by then-Sen. Phil Gramm, a McCain campaign adviser, that removed the Depression-era... More »

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Barack Obama • John McCain • AIG • weakening economy • deregulation • financial crisis

ANALYSIS

 Recession Makes Us Healthier 

Strapped budgets can help people improve habits

Aug 25, 08 4:35 PM CDT
(Newser) - A slow economy might mean more people are stressed, but research shows that tough times are actually good for us, the Los Angeles Times reports. Rates of illnesses—particularly those related to lifestyle changes, like heart disease—decrease, as do accident and death rates. And while some may drown their... More »

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pollution • heart disease • public health • heart attack • weakening economy

European Unity Threatened by Economic Slowdown

Slowdown in Spain is representative of the EU's growing economic ills

Aug 12, 08 11:50 AM CDT
(Newser) - Europe seems to be catching the economic malaise that has already affected the US, and the downturn is putting a damper on member nations' enthusiasm for the 15-year-old Economic Union, the Washington Post reports. Revised projections show European economies slowing down as much, if not more, than the US over... More »

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Spain • European Union • world economy • credit crisis • housing bubble • weakening economy

In Tough Times, McDonald's Revives a Jingle

'Two all-beef patties' Big Mac slogan seeks new tune on MySpace

Jul 17, 08 8:47 AM CDT
(Newser) - In 1974, with an unpopular war raging and inflation on the rise, McDonald's launched a jingle—"Two all beef patties, special sauce..."—to promote its signature product, the Big Mac. Decades later, in similar circumstances, the fast food giant is reintroducing the mantra-like list of ingredients via... More »

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MySpace • advertising • McDonald's • advertising campaign • weakening economy • Big Mac

 Paramount Loses
 $450M Funding Deal 

The failure is part of a larger trend as liquidity dries up

Jul 15, 08 1:39 PM CDT
(Newser) - A $450-million deal with Deutsche Bank that would have financed up to 30 films for Paramount is off the table, the Financial Times  reports. Perhaps an unlikely casualty of the credit crunch, Paramount walked after a lack of enthusiasm in the market led to terms that were unattractive, persons familiar... More »

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Deutsche Bank • Transformers • Paramount Pictures • liquidity • Star Trek • movie financing • weakening economy • movie industry • investment banks

Consumers
Are Quickly Trading Down

Switch to cheaper goods is broadest
since early '80s

Jul 11, 08 12:26 PM CDT
(Newser) - As fuel prices and home foreclosures steadily rise, Americans are trading down in everything from automobiles to their lunch options. That's not unusual in an economic downturn, but the speed with which it's happening is, the Wall Street Journal reports. And the flight to the affordable and generic is affecting... More »

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consumer goods • gas prices • consumer prices • retail stores • discounts • weak dollar • subprime crisis • weakening economy • Wal-Mart

1 - 20 of 31 Stories | 1 2 Next >>


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