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TUESDAY, NOVEMBER 24, 2009
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NEWS ABOUT: recession depression

recession depression stories: 150 news summaries

21 - 40 of 150 Stories | << Prev 1 2 3 4 5 6 ... 8 Next >>

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Goldman Analyst Bullish
on Stocks' Recovery

Cohen predicts S&P to gain 10% by Jan 2010

Aug 6, 09 5:22 PM CDT
(Newser) - A top Goldman Sachs forecaster predicts the recovery in stocks that began in March should hold, Reuters reports. The S&P 500 could rise as much as 10% from its current level to top 1,050-1,100, says Abby Joseph Cohen, the chief of Goldman’s investment policy committee. "... More »

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Goldman Sachs • recession • recovery • S&P 500 • investment banks • analyst • recession depression • forecaster

 Clock Runs Out on 
 Arena Football League 

Owners can't reach agreement on new financial model

Aug 4, 09 1:12 PM CDT
(Newser) - The Arena Football League, which canceled its 2009 season to work on its financial model, won’t be back, barring a big surprise. A team official says the league voted to indefinitely suspend operations, and a formal announcement should come soon, the Columbus Dispatch reports. Owners couldn’t agree on... More »

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football • recession • sports owner • financial crisis • Arena Football League • recession depression • Columbus Destroyers

 Unemployed Grad 
 Sues College 
 for Tuition 

Unable to find work, New Yorker wants her $70K back

Aug 3, 09 3:10 AM CDT
(Newser) - After months of looking for work, fed up New Yorker Trina Thompson is suing her college for the $70,000 she spent on tuition. Monroe College's Office of Career Advancement hasn't done enough to help her find employment, the 27-year-old spring graduate claims in a suit filed in Bronx Supreme... More »

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college • recession • lawsuit • unemployment • Bronx • student • recession depression

Older White Men Take Big Hit From Recession

Middle-aged workers hurt as unemployment hits 70-year high

Jul 30, 09 9:40 AM CDT
(Newser) - Typically it’s the young who lose their jobs in a recession, but not in the current slowdown. Aging white workers at the theoretical peak of their earning power are losing their jobs this time around—and they can’t find new ones, USA Today reports. The jobless rate... More »

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race • recession • unemployment • white men • financial crisis • recession depression

ANALYSIS

 Things We Want, 
 and Don't, in Odd Recession 

Hard-times staples fall by the wayside

Jul 22, 09 11:04 AM CDT
(Newser) - The current economic crisis is breaking the recessionary mold, Time reports, with American purchases running counter to expectations. A few surprises:
  • Soup isn’t selling. Typically, the cheap, decent food is a recession staple, but health concerns and rising prices may be driving us away from it.
  • Organic
... More »

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film • organic food • sex • recession • soup • economy • recession depression • what recession?

(Newser) - Millions of Americans had lost their homes long before subprime crisis plunged the nation into economic peril. Recognizing the plight of the homeless, The Nation offers 10 tips for street survival:
  • Try to relieve passersby of their misconceptions without internalizing their cruel remarks. "Let go of your pride—
... More »

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homeless • soup kitchen • homeless shelter • recession depression

 Parents Save, 
 Send Kids to 
 'Camp Granny' 

In recession, grandparents replace summer camp for many

Jul 15, 09 1:45 PM CDT
(AP) - The lingering recession is forcing cash-strapped parents to cancel camp for the kids—instead, they're being packed off to their grandparents'. The arrangement shifts the child-care burden to grandparents, many of whom enjoy the extra time with their grandchildren. Mom and dad save money and get some time to themselves,... More »

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parenting • recession • grandparents • frugality • recession depression • summer camp

Looking for Work? Better Have a Job Already

Another hurdle for job-seekers as unemployment nears 10%

Jun 30, 09 2:30 PM CDT
(Newser) - Finding a job when unemployment is at 9.4% is hard enough. But the recently laid-off have another hurdle to contend with: Many employers are most interested in attracting candidates who are still working, the Wall Street Journal reports. “If they’re employed in today’s economy, they have... More »

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layoffs • employment • recession • unemployment • job search • recruiting • job application • recession depression • jobless

 Celtic Tiger Hangover 
 Pounds Dublin Bars 

Busted Celtic Tiger forces dozens of restaurants, nightclubs out of business

Jun 24, 09 7:50 AM CDT
(Newser) - Once the poor man of Europe, Ireland rode a breathtaking economic boom that transformed Dublin into one of the region's swankiest capitals. But now that the Celtic Tiger has gone bust, the ambitious restaurants and exclusive lounges of the new Dublin are closing their doors. Cash and credit have dried... More »

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recession • Ireland • Dublin • pubs • boom economy • Celtic Tiger • recession depression

 Many Toil Through 
 Forced Leave 

Workers on furloughs aren't granted—or won't allow themselves—time off

Jun 15, 09 7:34 AM CDT
(Newser) - Sure, required time off beats a layoff—but that can be tough to remember as many continue working through their furloughs, the New York Times reports. Some worry their jobs are at stake if they don’t keep working; others just can’t get their employers to schedule days off.... More »

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layoffs • employment • workers • recession depression • furlough

ANALYSIS

 Uncertainty, Not 
 Poverty, Behind 
 Recession Blues 

It's not the lack of funds, it's the lack of knowing that brings us down

May 21, 09 8:32 AM CDT
(Newser) - Americans are worrying more than they were last year, and happiness is down while sadness is up, writes Daniel Gilbert in the New York Times. But it’s not the lightness of our pocketbooks that’s weighing on us; it’s the uncertainty of the times. While most of us... More »

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depression • recession • psychology • happiness • Great Depression • financial crisis • recession depression

 German Economy Dives 3.8% 

Quarterly fall in GDP is worst in over 40 years

May 15, 09 7:28 AM CDT
(Newser) - The German economy has suffered its worst decline in more than 40 years, with GDP shrinking by 3.8% in the first quarter of 2009. The fall is the most severe on record and worse than economists had predicted, reports the Guardian. News of the contraction in Europe's largest nation... More »

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Germany • Europe • global economy • GDP • euro • recession depression

Chrysler Execs Dodge Bailout Pay Caps

As automaker cuts 3500, top employees will draw pay from Fiat

May 13, 09 5:52 AM CDT
(Newser) - Bankruptcy documents filed by Chrysler show that the chief executives of the bailed-out automaker will avoid executive pay restrictions—by declaring themselves employees of Fiat. Despite new Treasury rules that cap pay at $500,000 for execs whose firms received "extraordinary assistance," but Chrysler's top officers will be... More »

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Chrysler • executive compensation • auto industry • Fiat • recession depression

UPDATED

Pressure on Freddie
Exec Was 'Relentless'

Colleagues say Kellermann lost weight, barely went home

Apr 23, 09 5:53 AM CDT
(Newser) - The acting chief financial officer at Freddie Mac, who hanged himself yesterday, was working nonstop and had recently asked the company for a security detail, colleagues tell the New York Times. David Kellermann was struggling to balance the contradictory demands of investors, regulators, and lawmakers, and coworkers say he had... More »

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suicide • Freddie Mac • mortgage lender • GSE • recession depression • David Kellermann

 Md. Man Who Killed Family 
 Was $460K in Debt 

Father detailed mortgage, credit card woes in notes

Apr 22, 09 2:48 PM CDT
(Newser) - The Maryland man who murdered his family before shooting and killing himself complained of his financial troubles in notes left at the scene, the Washington Post reports. Christopher Wood’s family was at least $460,000 in debt from two mortgages and credit card charges. The family owned a Florida... More »

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suicide • murder • foreclosure • family • father • financial crisis • recession depression • filicide

(Newser) - Acting Freddie Mac CFO David Kellerman was found dead this morning in what appears to have been a suicide, the Washington Post reports. Kellerman, 41, joined Freddie Mac as an analyst in 1992. He was promoted to CFO when the government took over Freddie last fall, but the company,... More »

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suicide • CFO • Freddie Mac • executives • recession depression

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

(Newser) - Police discovered five bodies in a Maryland house today after a man apparently butchered his family and killed himself, the Frederick News Post reports. Few details are known, but police in Middletown, Md., say Christopher Alan Wood, 34, died of a self-inflicted gunshot wound, the AP reports. His wife, two... More »

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Maryland • police • murder-suicide • bodies • fatalities • recession depression • filicide

Etiquette for 2009: Don't Mention Your Job

Unemployment straining friendships

Apr 10, 09 11:40 AM CDT
(Newser) - The onetime small-talk staple “So, how's the job going?” is liable to get you into trouble these days, reports Newsweek. Rising unemployment is straining friendships as the haves learn to interact with the have-nots. Among 30- and 40-somethings, discussing luxurious vacation plans is not a good idea, and... More »

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unemployment • office • shrinking workforce • etiquette • financial crisis • recession depression

 American Psyche Shows 
 Recession Stress Fractures 

70% fear family income loss

Apr 9, 09 9:21 AM CDT
(Newser) - Depression is up as the US economy proceeds downward, but many of those complaining are not actually facing financial problems—they simply fear they could. “Even if you do everything right, something bad can happen to you,” says a woman whose doctor prescribed therapy. Polls find the economy... More »

MORE ABOUT:
mental health • middle class • Americans • therapy • anxiety • economy • recession depression

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