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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: fiscal crisis

fiscal crisis stories: 16 news summaries

(Newser) - Some 50 US cities are so strapped for money that they're ditching their July 4th fireworks displays, reports the Los Angeles Times. "It came down to this: Did we want to spend $150,000 on something that would be over in a few hours?" asked the mayor of a... More »

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Ohio • Massachusetts • debt • fireworks • cities • Fourth of July • fiscal crisis • government debt

 Bargain Brewskies 
 Buoy Breweries 

Cheap beer sales are rising faster than pricier options

May 7, 09 5:43 AM CDT
(Newser) - Cheap brews are giving breweries just the boost they need during tough times, reports the Wall Street Journal. Economy suds such as Busch, Miller High Life, and Pabst Blue Ribbon are rising faster than the nation's overall beer sales and helping companies weather the economic storm. A short time ago,... More »

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beer • brewery • Busch beer • Anheuser-Busch • economy • drinkers • fiscal crisis • Pabst Blue Ribbon • Miller High Life • Miller-Coors

 Brokers Bail on Wall Street 

Commissions shrinking as investors turn away from stocks

May 6, 09 2:46 AM CDT
(Newser) - A rising number of stock brokers are abandoning the industry as markets fall and commissions dry up, the Wall Street Journal reports. More brokers have already departed this year than in any of the last 15 years, and experts expect the exodus to continue as investors shift assets out of... More »

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stock market • Wall Street • financial services • financial sector • trader • brokers • financial crisis • fiscal crisis

MARKETS

 Asian Stocks Hit 7-Month High 

Taipei leads region's markets on another bullish day

May 4, 09 3:34 AM CDT
(Newser) - Asian stocks hit a 7-month high today as investors put aside swine flu fears and and seized on good news from China. In Taiwan the main index soared 5.6%, its second straight major gain, while in Hong Kong the Hang Seng index closed up 5.5%. European markets started... More »

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Taipei • markets • Hang Seng • Asian markets • European markets • fiscal crisis

Pulitzer Winner Was Laid Off

But he started Arizona news site with axed editor who supervised heralded series

Apr 21, 09 3:39 AM CDT
(Newser) - Pulitzer, Schmulitzer: being a terrific journalist is no insurance against unemployment. East Valley Trib reporter Paul Giblin was laid off from the Arizona paper last year even though he co-authored its series on immigration crackdowns that won a Pulitzer Prize for Local Reporting yesterday. The supervising metro editor was also... More »

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Arizona • layoffs • Pulitzer Prize • journalism • fiscal crisis • recession depression • East Valley Tribune • Paul Giblin

 Hoe-town: 
 10K-Acre Farm 
 Eyed for Detroit 

Michigan investors seek to turn deserted streets into cropland

Apr 7, 09 5:40 AM CDT
(Newser) - Motor City could turn into Maize City if a Michigan investment group has its way and turns 10,000 acres of largely deserted streets into farm plots, reports BusinessGreen. Hanz Group hopes eventually to acquire almost 10% of Detroit's 143 square miles for development into cropland, Christmas tree and lumber... More »

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investors • Detroit • Michigan • crops • farm • cash crops • economy • fiscal crisis • Motor City

(Newser) - Private colleges across the nation are boosting the number of students they're accepting and the length of their waiting lists in case applicants can't write the tuition check when the time comes, reports the Washington Post. Applications are at a record high 3 million, but universities fear students planning on... More »

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college admissions • UC Berkeley • college • UCLA • Johns Hopkins University • economy • college applications • fiscal crisis

OPINION

 Hey Paul Krugman, 
 Your Country Needs You 

Why aren't you in the administration?

Mar 24, 09 3:11 AM CDT
(Newser) - The latest video to shake up YouTube is a song plea that critical columnist Paul Krugman join the Obama administration and fix the economy. "Hey Paul Krugman, where the hell are you, man? Why aren't you in the administration?" sings songwriter Jonathan Mann. "When I listen to you... More »

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Barack Obama • YouTube • New York Times • Treasury Department • Paul Krugman • economy • Treasury secretary • Timothy Geithner • fiscal crisis • toxic assets

'AIG Buck 
Stops 
With Me' 

'I'll take responsibility,' he tells Californians

Mar 19, 09 4:56 AM CDT
(Newser) - President Obama began a two-day swing through California yesterday, again accepting blame for the AIG mess and urging Washington to stop its finger-pointing, the Wall Street Journal reports. “Washington is in a tizzy and everybody is pointing fingers at each other and saying it's their fault, the Democrats' fault,... More »

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Barack Obama • California • Orange County • AIG • economy • fiscal crisis

Bank of America Must
Name Bonus Execs

Court demands firm spills

Mar 19, 09 4:30 AM CDT
(Newser) - This doesn’t bode well for AIG: A judge ruled yesterday that Bank of America must identify the Merrill Lynch executives who received $3.6 billion in bonuses ahead of the banks’ merger, reports the Wall Street Journal. New York Attorney General Andrew Cuomo sought disclosure as part of his... More »

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Bank of America • Merrill Lynch • court • Andrew Cuomo • bonuses • court order • fiscal crisis • Ken Lewis

 Dodd: 'I Saved 
 AIG Bonuses at 
 White House 
 Request' 

He was follwoing White House orders, sayd Senate Banking Committee chair

Mar 19, 09 2:32 AM CDT
(Newser) - The bonus loophole mystery has been solved. Banking Committee Chairman Sen. Chris Dodd added language to the stimulus bill that allowed the AIG bonuses to stand—at the request of the White House, he told CNN. The Connecticut Democrat said he did so reluctantly at the insistence of unnamed Obama... More »

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Chris Dodd • AIG • bonuses • Senate Banking Committee • bailout • fiscal crisis

Playgrounds of Rich and Famous Hit the Skids

What would Jay Gatsby say?

Mar 17, 09 9:20 AM CDT
(Newser) - Even crème de la crème communities are curdling in the current crisis, reports the Telegraph. Take the Hamptons, where nearly as many homes were being foreclosed last week as the number of places sold. Residents in the super-affluent towns on Long Island's east end are struggling to meet... More »

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real estate • New York real estate • New York • foreclosure • mortgage • Long Island • Hamptons • fiscal crisis

Boob Jobs Latest Aids
in Boom, Bust Cycle

Breast jobs balloon as workers try to catch employer's eye

Mar 17, 09 5:17 AM CDT
(Newser) - When the going gets tough, the tough get boob jobs. That's the theory from some British experts who point out that breast augmentation surgery has ballooned 30%. Laid-off female employees have time for recuperation—and apparently hope to capitalize on the boost bigger breasts appear to give women workers when... More »

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plastic surgery • work • recession • breast implants • breasts • job • fiscal crisis • Howard Stern Grid

OPINION

Stewart's Right: Screeching CNBC Is Whacked

Shouting heads are
so very far off base

Mar 11, 09 7:16 AM CDT
(Newser) - It should come as no surprise to fans of Jon Stewart, but CNBC is as hysterical as he says—and worse, Gabriel Winant writes in Salon. After 12 hours watching the network "I was huddled in the corner of my couch, wondering why the angry faces were yelling at... More »

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Barack Obama • CNBC • Jon Stewart • Jim Cramer • network television • fiscal crisis • economic crisis • Bill Maher Grid

Squeezed Parents Dump Daycare 

Kids often home alone, but cost 'ludicrous' if 'you can't afford rent'

Dec 21, 08 2:43 PM CST
(Newser) - As the tanking economy squeezes parents with skyrocketing unemployment and foreclosures, experts are noticing that it's the little children who suffer—in the form of fast-emptying daycare centers. As the Washington Post reports, strapped families desperate to cut costs are pulling their kids out of programs that can cost hundreds... More »

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child care • unemployment • daycare • co-pays • economy • financial crisis • fiscal crisis

GM Boss Hopes Senate Gets a Charge From His Hybrid

This time, GM's Wagoner drives Volt to hearings

Dec 4, 08 3:05 AM CST
(Newser) - Last time they went before Congress rattling tin cups, the chief executives of the Big Three automakers made the mistake of flying to Washington in luxuriously tricked-out corporate jets. Today GM chief Rick Wagoner is driving a fuel-efficient hybrid Chevy Volt prototype to Senate hearings on the proposed bailout for... More »

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Senate • General Motors • auto industry • hybrid car • Rick Wagoner • Chevrolet Volt • bailout • fiscal crisis

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