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FRIDAY, NOVEMBER 27, 2009
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NEWS ABOUT: economic downturn

economic downturn stories: 113 news summaries

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(Newser) - Be careful, President Obama. Your poll numbers are high, but political danger lurks, writes Fred Barnes in the Weekly Standard. The moderate candidate has shifted left as president, just as Bill Clinton did to his own detriment, and an "embryonic" centrist-right opposition is stirring. “Obama may be fostering... More »

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Newt Gingrich • GOP • Bill Clinton • centrist • economic stimulus package • Obama administration • backlash • President Obama • economic downturn

Economy Worsens, No Relief 'til Late '09: Beige Book

Fed sees no turnaround until late '09, early '10

Mar 4, 09 3:01 PM CST
(Newser) - The Fed predicted more pain for the US economy in today's “Beige Book” report, with a turnaround not expected until late 2009 or early 2010, the Wall Street Journal reports. “National economic conditions deteriorated further,” across January and February, the Fed said. In a distressing turn, the... More »

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housing market • Federal Reserve • Beige Book • service sector • financial crisis • economic downturn • recession depression




 Silverman 
 Show Gets 
 a Reprieve 

Comedy Central to share show with GLBT focused network

Mar 4, 09 12:02 PM CST
(Newser) - The nailbiting can end: The fate of the Sarah Silverman Program is settled for another year, after Comedy Central struck a deal to finance the comedy. The producers had refused to work with a slashed budget, and negotiations stalled until an exec thought to ask sister network Logo to share... More »

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funding • Comedy Central • Sarah Silverman • economic downturn • Logo Network

(Newser) - The “collapse of the American dream” is complete, says a Russian scholar, and President Obama will declare martial law and the US will splinter into six regions by the end of 2010, the AP reports. Igor Panarin, the dean of Russia's Foreign Ministry school, cited school shootings, the prison... More »

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Russia • United States • global economy • collapse • predictions • economic downturn • Russian foreign ministry

 1 in 5 Homeowners Underwater 


Mar 4, 09 10:17 AM CST
(Newser) - More than 20% of Americans with home mortgages owe more to their lenders than their homes are worth, a 2% rise since September, the Washington Post reports. The hardest-hit state was Nevada, where 55% of homeowners with mortgages have negative equity. These 8.3 million homeowners nationwide are much... More »

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foreclosure • mortgage • homeowners • negative equity • payments • economic downturn

 As Jobs Dry Up, Wannabe 
 Lifeguards Head to Surf City 

California's unemployed turn to jobs once held by teens

Mar 2, 09 10:33 AM CST
(Newser) - Huntington Beach, Calif., might be more famous for hosting surfing competitions, but the crowds lined up on the sand yesterday were there looking for work, reports the Los Angeles Times. The economic downturn has buoyed interest in $16-per-hour lifeguard positions, summer jobs once dominated by bronzed teenagers and college students. More »

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California • beach • unemployment • economic downturn • lifeguard • Huntington Beach

Only One Fund Manager Made Money in 2008

But repeating the feat this year could prove tricky for Forester

Feb 27, 09 10:24 AM CST
(Newser) - Of the 8,200 stock mutual funds in the United States, only one—Forester Value—managed to turn a profit in 2008. With a gain of just 0.4%, Thomas Forester has become a minor celebrity in the financial world, and brokers are suddenly eager to sell his tiny fund... More »

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investing • Wall Street • mutual funds • economic downturn

Economic
Woes Threaten
Iraq's Stability

Declining oil prices
and aid cancel urgently needed rebuilding

Feb 26, 09 7:56 AM CST
(Newser) - Countries around the world are suffering budget shortfalls and declining exports, but few nations have seen as calamitous a fall in revenues as Iraq. As oil prices have plummeted and American financial support has dried up, Iraq is canceling projects and struggling to pay government employees. As the New York ... More »

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Iraq • oil • Iraqi Parliament • recession • Iraq reconstruction • economic downturn

 It's Carnival! 
 (But Crisis 
 Hangover 
 Looms) 

Money dries up, but Brazil keeps on partying

Feb 23, 09 8:21 AM CST
(Newser) - Wednesday is the start of Lent, but until then millions are sambaing in the streets of Brazil in the days-long bacchanal known as Carnival. While the celebrations in Rio de Janiero are as big as ever, the economic crisis is taking its toll on the massive party. Corporate sponsorship for... More »

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Brazil • Rio de Janeiro • Luiz Inácio Lula da Silva • samba • Carnival • economic downturn

(Newser) - Blood and other bodily fluids are hot sellers these days as donors line up to pocket quick cash in a plunging economy, ABC News reports. Seeing an increase in traffic, blood banks are campaigning to boost it higher, one at Stanford University even offering resumé and job interview advice to... More »

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recession • sperm donors • egg donors • economic downturn • blood bank • blood donor • career counseling

 World Economy Cuts 
 Mexican Migration by 50% 

Fewer citizens are immigrating, but emigrants aren't returning

Feb 20, 09 11:31 AM CST
(Newser) - Who needs a border fence when you have a shaky economy? That seems to be the message of Mexico's latest migration numbers, which show net emigration down by more than half for the year that ended in August 2008, compared with the previous 12 months. And the cause isn't more... More »

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immigration • Mexico • migration • emigration • job • economic downturn


 Recession Hits 
 the Oscars— 
 Sort Of 

Revenue is down, parties are scaling back

Feb 20, 09 10:57 AM CST
(Newser) - Even the Oscars are feeling the economic strain, People reports. Sure, there are still dozens of parties planned on the big day, but organizers are pumping up the “greenness” of the soirées and downplaying the extravagance—Vanity Fair is using decorations from past events. Even those not scaling... More »

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Hollywood • Academy Awards • recession • advertising rates • economy • TV advertising • economic downturn • Oscars • recession depression

(Newser) - Economists say the prospects of a recovery in the second half of the year are looking less and less likely, the Wall Street Journal reports. Most economists surveyed predict the nation's GDP will grow in the third quarter by a measly 0.7%, less than half the rate predicted 6... More »

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recession • recovery • GDP • economy • economic downturn

(Newser) - Baristas may turn up their noses, but Starbucks is going to start selling instant coffee, reports Advertising Age. Starbucks Via will be available in some cafes next month. The move comes on the heels of value meals and store closings by Starbucks as it adapts to tough times. Via will... More »

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Starbucks • coffee • economic downturn

 Will the Recession 
 Drive Up Suicides? 

We're better prepared now, but rates are still tied to cultural trends

Feb 9, 09 1:31 PM CST
(Newser) - America is reeling from the financial crisis, and the psychological strain has analysts carefully watching national suicide rates, Time reports. Though three high-profile European businessmen took their own lives recently, suicide rates have held steady at 11 per 100,000 people; during the Great Depression, they spiked at 17 per... More »

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suicide • recession • suicide rate • Great Depression • downturn • financial crisis • economic downturn • recession depression

(Newser) - You can’t miss President Obama these days, as he undertakes a media blitz that has watchers nodding and shaking their heads in equal proportion, Linton Weeks writes for NPR. “The president who promised to be transparent is actually omniparent—appearing all over tarnation.” Some see the saturation... More »

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television • press conference • media coverage • Obama administration • television interview • financial crisis • President Obama • economic downturn

Toyota's Losses Will Triple  

First loss in seven decades multiplies as market deteriorates

Feb 6, 09 8:29 AM CST
(Newser) - Toyota now expects its full-year operating loss to be three times larger than the $1.6 billion it forecast in December, the New York Times reports. The company expects to lose $5 billion for the fiscal year through March 31 as world automobile demand deteriorates. Toyota, which last year overtook... More »

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Lexus • Toyota • Toyota Prius • auto industry • hybrid car • Japanese auto industry • financial crisis • economic downturn

 News Corp. Posts $6.4B Loss 


Feb 5, 09 5:23 PM CST
(AP) - News Corp., the global media giant controlled by Rupert Murdoch, said today it lost $6.4 billion in its most recent quarter because of a massive write-down in the value of its assets. The company, which owns the Wall Street Journal and Fox, also forecast a 30% drop in operating... More »

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Rupert Murdoch • Wall Street Journal • earnings reports • recession • Fox News • News Corp • economic downturn

(Newser) - America’s self-proclaimed language cops are turning up the heat on spelling and grammar offenders, MSNBC reports, hitting the streets with Sharpies and venting their frustrations online. One psychologist says the flare-up could represent a need for control during hard times. “When people are under stress, they have less... More »

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stress • spelling • grammar • economic downturn • English language • proper usage • control

ANALYSIS

Japan, Help Us Wrestle
the World's Problems


Jan 31, 09 7:20 PM CST
(Newser) - Japan's economic collapse in the 1990s and its decades of US dependence have left the nation rather timid, Christian Caryl writes in Newsweek. But its strong economy, bold environmental moves, and likely change of government this year will leave it poised to help the world. “The only trick... More »

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environment • Japan • currency exchange • Asian markets • bond market • humanitarian aid • economic downturn

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