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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: thrift

thrift stories: 11 news summaries

(Newser) - A long history of sparse employment and hardships of all stripes has built a culture of frugality that leaves Maine perfectly suited to the current recession, the Boston Globe reports. “Everybody now is into shopping thrift shops, but in most of Maine, people never stopped,” a banker says.... More »

MORE ABOUT:
consumer • foreclosure • New England • recession • Maine • economic downturn • thrift • frugality

Experts Fret as Americans Squirrel Away Income

Savings rate jumps over job, portfolio fears

May 9, 09 2:46 PM CDT
(Newser) - Even after the economy rebounds, the US will likely remain a nation of penny pinchers—and that has economists worried, the New York Times reports. Consumer spending accounts for 70% of the country’s GDP, but Americans, fretting over job security and losses in the housing and stock sectors, are... More »

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consumer • recession • consumer spending • GDP • savings • economy • thrift

 Recession Strikes 
 Noses as Thrifty 
 Delay Laundry 

Recession prompts thrift at the laundromat

May 7, 09 12:01 PM CDT
(Newser) - The recession may be making the US a little smellier, the Pittsburgh Post-Gazette reports. Americans are scrimping on laundry by buying cheaper detergent, dry cleaning less often and—in the case of 60% of shoppers, according to one poll—wearing clothes multiple times between washings. More »

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recession • clothes • thrift • laundry

(Newser) - Indian automaker Tata has 203,000 domestic orders for the Nano—the world’s cheapest car—which will start delivery in July, Bloomberg reports. The first editions of the $2,500 vehicle will go out to just 100,000 eager buyers, who will be chosen by lottery and must put... More »

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India • automaker • auto industry • Tata Nano • cars • thrift

 More Americans Brew at Home 

Recession spurs Americans to make their own beer

Apr 21, 09 1:44 PM CDT
(Newser) - Home brewing has grown in popularity as Americans with increasingly sophisticated taste in beer look to cut costs, Time reports. Despite layoffs and bankruptcies nationwide, a couple in Connecticut just opened Maltose Express, a beer-brewing supply shop, and are already doing brisk business. Home brewers also gather there to share... More »

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alcohol • beer • recession • microbrewing • home brewing • thrift

OPINION

 Spend, Baby, Spend 
 —or We're Sunk 


Mar 15, 09 6:38 PM CDT
(Newser) - Our massive economy will remain stuck until hoarders open their wallets and "roll the dice" once again, Daniel Gross writes in Newsweek. Investors and consumers alike must regain their "penchant for gain and risk... some of the essence of what makes us American." Until that caffeinated, delirious... More »

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recession • investment • savings • incentives • economy • American • Rockefeller family • risk-taking • thrift

 Cat Takes a Ride in Used Couch 

Spokane woman gets a little something extra with her furniture

Mar 13, 09 4:08 PM CDT
(Newser) - A Washington woman received an added bonus when she bought a used couch from a thrift store: a calico cat, the Spokesman Review reports. Callie lived in Vickie Mendenhall’s house for a few days, during which Mendenhall and her family would occasionally hear faint meowing. It turned out the... More »

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cat • thrift

Russia Touts 'Crisis Diet' for Cash-Strapped Citizens

Government urges return to traditional foods, for thrift and nutrition

Mar 11, 09 12:30 PM CDT
(Newser) - Russia enjoyed the recent boom as much as any other country, as high gas prices funded quick economic expansion and citizens took a liking to Western foods such as burgers, pizza, and potato chips, Time reports. But with commodities cheap, credit crunched, and unemployment rising, Moscow is recommending a new... More »

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food • Russia • diet • credit crisis • financial crisis • thrift • recession depression

OPINION

 Hey Big 
 Spender, 
 Flaunt Your 
 Scrimping 

Greed is good, as long as it's in the name of frugality

Feb 21, 09 3:42 PM CST
(Newser) - Recessions would be great for the rich—whose wealth insulates them from mercurial fluctuations in the economy—if it weren’t for the guilt they feel over rising poverty. But Chris Ayres has a solution for the loaded that may also revive the economy: “Flaunt your parsimony,” he... More »

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recession • rich • thrift

OPINION

Crisis Paradox: How to Spend When You Need to Save

How to stimulate the economy without draining your account

Feb 11, 09 12:11 PM CST
(Newser) - While leaders encourage Americans to stimulate the economy by spending, those who have lost jobs or investments are a lot more inclined to hoard their remaining assets. But there's a way to avoid this "paradox of thrift," in which the frugal behavior that's best for an individual... More »

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spending • savings • economic stimulus package • economy • banks • financial crisis • thrift

(Newser) - Staring down a recession, Americans are turning tail and running to their nearest shoe repair shop, reports the Christian Science Monitor, in a look at the reversal of the United States' "throwaway" society. Thrift stores and repair shops are doing brisk business while their retail counterparts languish, or... More »

MORE ABOUT:
recession • financial crisis • economic downturn • used electronics • thrift • secondhand store • repair shop • frugality

11 Stories


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