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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: recession depression

recession depression stories: 150 news summaries

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 GDP Drop Worst in 26 Years 

Worse than anticipated

Feb 27, 09 8:09 AM CST
(AP) - The US economy contracted at a staggering 6.2% pace at the end of 2008, the worst showing in more than a quarter-century, as consumers and businesses ratcheted back spending, plunging the country deeper into recession. That's drastically worse than the 3.8% the government originally estimated, and the 5.... More »

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economic indicators • recession • consumer spending • GDP • Department of Commerce • economy • recession depression

Recession Drives Workers
to Trucking

Surging unemployment solves industry's chronic struggle to haul in drivers

Feb 27, 09 2:07 AM CST
(Newser) - Hard times have reversed the trucking industry's trouble finding recruits, the Wall Street Journal reports. Applications have surged as workers who once shunned the industry's demanding conditions can no longer afford to be choosy. At the same time the number of trucks on the road has dropped. Firms that once... More »

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employment • recession • truckers • trucks • job • trucking • recession depression

(Newser) - The Rocky Mountain News, the oldest paper in Colorado and perhaps the longest-running business in Denver, will print its last edition tomorrow, the Denver Post reports. The news comes after its owner spent months fruitlessly searching for a buyer. “The operating conditions have become increasingly difficult,” the CEO... More »

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Denver • business • Colorado • newspaper industry • recession depression • Rocky Mountain News • Denver Post • failure

(Newser) - More bleak news from the world of newspapers: Hearst is threatening to shut down the San Francisco Chronicle—the nation's 12th largest daily—unless it makes massive cuts. Otherwise, Hearst will seek a buyer for the 144-year-old paper, which lost $50 million last year and is doing worse in 2009,... More »

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California • newspaper • San Francisco • newspaper industry • recession depression

 Post Drops Liz Smith Column 


Feb 24, 09 6:50 PM CST
(Newser) - Liz Smith will dish no more at the New York Post. The paper is dropping her gossip column this week to save money, Editor & Publisher reports. It will be the first time in 33 years that Smith, 86, won't have a spot in one of New York City's... More »

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newspaper • New York Post • gossip • columnists • Liz Smith • recession depression

Boxcars Idled by Recession Become Residential Blight

Residents who have gained a new town wall aren't pleased

Feb 23, 09 1:50 PM CST
(Newser) - Miles of boxcars that used to rumble through rural US communities now sit idle—and though quieter, towns are finding them much more obtrusive, reports the Wall Street Journal. With shipping down across the world, 30% of America’s boxcars have nothing to transport, and rail yards just can’t... More »

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Midwest • recession • train • railroad • economy • financial crisis • freight • recession depression • boxcar

(Newser) - The recession is hitting elderly workers much harder than in the past, thanks to an increase in the number of older workers—especially those over 75—and a severe shortage of jobs, the Wall Street Journal reports. In past recessions, these workers just retired; now, they're scrambling to find... More »

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elderly • recession • unemployment • older men • older women • financial crisis • recession depression • job training

Cutbacks Hit Faith-Based Charities as Need Rises

Slashed state budgets leave programs with reduced funding

Feb 20, 09 2:55 PM CST
(Newser) - The recession has hit faith-based charities hard, threatening to cut off vital services for the sick, poor, and elderly, the Washington Post reports. With state and local budgets strapped for cash, contracts and grants for the groups—including the Salvation Army and Catholic Charities—have been slashed or delayed across... More »

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social services • charity • nonprofit • Catholic • faith based initiatives • Salvation Army • recession depression


 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

 Fla. Gun Requests 
 Spike in Recession 

Jump attributed to burglary fears

Feb 18, 09 3:55 PM CST
(Newser) - Floridians are arming themselves, literally, against the recession and fears of being burgled. There's been a 42% jump in concealed weapons permit requests in the past 45 days, and the state office that issues them is buried under a 95,000-application backlog. It's seeking a $4 million budget transfer to... More »

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Florida • recession • guns • gun rights • state budgets • recession depression

 As Milk Prices Sour, 
 Cows Head 
 to Slaughter 

Farmers can't afford to keep them

Feb 16, 09 9:17 AM CST
(AP) - Hundreds of thousands of America's dairy cows are being turned into hamburgers because milk prices have dropped so low that farmers can no longer afford to feed the animals. Dairy farmers say they face a perfect storm of destructive economic forces: At home, feed prices are rising and consumers... More »

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milk • beef • cows • consumer prices • farmers • recession depression

 Recession Depression Setting In 

One suicide hotline reports a 77% jump in calls

Feb 15, 09 6:11 AM CST
(Newser) - Some people can take losing a job in stride, but Silvia Martinez isn’t one of them. When she lost her $52,000-a-year human resources job, the Virginia woman was too ashamed to tell anyone and sank into a deep depression. “I apply for jobs and apply for jobs... More »

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suicide • depression • psychology • unemployment • recession depression

(Newser) - The airwaves are getting a lot more mature. On Sunday, 15 cities saw an Absolut Vodka ad during the Grammy Awards, the first time in years that a liquor commercial has run in prime time on a network-owned station. Other ads not suitable for innocent ears (K-Y Jelly, anyone?) are... More »

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television • advertising • recession • liquor • financial crisis • recession depression

Binge Now: Chocolate
Prices May Spike

Soaring cocoa prices slim down candy makers' profit margins

Feb 13, 09 10:52 AM CST
(Newser) - Soaring cocoa prices have left chocolate makers wondering how far they can hike prices without souring business, the Wall Street Journal reports. Crop woes in Africa have kept cocoa pricey despite the global commodities slump. Chocolate companies are mostly holding prices steady for now but many are expected to fatten... More »

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Hershey • chocolate • candy • Valentine's Day • cocoa • commodity prices • recession depression

ANALYSIS

Celeb Books Only Safe Bet These Days


Feb 12, 09 4:08 PM CST
(Newser) - Britney Spears is shopping a book to top publishers, and editors are lining up to meet her—a further sign of the strapped book industry's new mantra: "Only the sure-fire, big ticket, lowest-common-denominator bestsellers will survive," writes Sara Nelson in the Wrap. Spears’ book, no doubt with a... More »

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Britney Spears • Tina Fey • recession • Sarah Silverman • Diane Keaton • publishing industry • recession depression • book deal

 Farmers Plucked by 
 Chicken Slump 

Foreclosures loom as chicken company cuts contracts

Feb 12, 09 11:29 AM CST
(Newser) - Hundreds of poultry farmers face foreclosures on their pricey chicken houses after poultry giant Pilgrim's Pride dropped their contracts. Some are suing in return, claiming the company encouraged them to take on hefty mortgages and vowed to keep their grandkids in business, the Wall Street Journal reports. Most farmers own... More »

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foreclosure • recession • farmer • poultry • chicken • financial crisis • Pilgrim's Pride • recession depression

Recession Adds Drama
to Paying for Lunch

Power diners shy
away from picking up big tabs

Feb 11, 09 4:21 PM CST
(Newser) - Power lunches once ended with diners diving for the bill, corporate cards held high. These days, the checks tend to sit there uncomfortably, everyone hoping the other guy will pay, writes Laura Holson in the New York Times. The recession has turned picking the tab into a virtual earnings... More »

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dining • etiquette • lunch • financial crisis • recession depression

 Stimulus to Bulk Up 
 Food Stamps 

Caseloads up dramatically; bill to offer $16B to $20B in support

Feb 10, 09 8:05 AM CST
(Newser) - The stimulus package set to pass Congress contains a measure to boost food stamp benefits by billions of dollars, reports NPR. The $16 billion to $20 billion increase—which would mean up to $79 more a month for a family of four—is a response to a drastic rise in... More »

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Tom Vilsack • welfare • economic stimulus package • food stamps • financial crisis • recession depression

Downturn 'Worst for 100 Years': UK Minister

Brown ally says current crisis surpasses
Great Depression

Feb 10, 09 5:53 AM CST
(Newser) - The current economic crisis will be the worst in a century, surpassing even the Great Depression, according to Gordon Brown's closest political ally. Ed Balls, a minister sometimes tipped as a future British leader, said that the downturn would be "more extreme and more serious than that of the... More »

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depression • United Kingdom • Gordon Brown • Labour • recession • Britain • recession depression • Ed Balls

 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

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