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WEDNESDAY, NOVEMBER 25, 2009
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NEWS ABOUT: recession depression

recession depression stories: 150 news summaries

141 - 150 of 150 Stories | << Prev 1 ... 4 5 6 7 8

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Six Degrees of Kevin Bacon Lead to Madoff

Actor, wife Kyra Sedgwick lost money
in Ponzi scheme

Dec 30, 08 1:28 PM CST
(Newser) - It turns out Kevin Bacon didn’t put enough degrees between himself and Bernie Madoff. Bacon and wife Kyra Sedgwick join Steven Spielberg and Jeffrey Katzenberg on the list of Hollywood denizens duped by the Ponzi schemer, Bacon’s rep confirmed to New York magazine. Rumor has... More »

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fraud • Kevin Bacon • Ponzi scheme • six degrees of separation • Bernard Madoff • recession depression

 Recession Shutters 
 Famed Yale Club 

Mory's has closed until further notice

Dec 29, 08 4:59 PM CST
(AP) - Mory's, a legendary Yale University eating and drinking club that traces its roots to the Civil War—and whose membership includes two presidents named Bush—is the latest victim of the recession. A list of patrons that has included the likes of Al Pacino, Tom Hanks, and Jodie Foster hasn't... More »

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New Haven • restaurant • recession • club • meltdown • Yale • financial crisis • financial meltdown • Mory's • recession depression

 Madoff Investor Kills Himself 

Hedge fund head who lost $1.4B committed suicide

Dec 23, 08 1:44 PM CST
(Newser) - A hedge fund founder whose firm lost $1.4 billion in Bernie Madoff's Ponzi scheme was found dead in his Manhattan office today, an apparent suicide, reports the New York Times. Rene-Thierry Magon de la Villehuchet, 65, had been trying to recover money for European clients of Access International... More »

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Wall Street • suicide • UBS • hedge fund • Ponzi scheme • Bernard Madoff • recession depression

 Chrysler Idling US 
 Plants for 30 Days 

Supply to be slowed so it meets lowered demand, company says

Dec 17, 08 5:05 PM CST
(Newser) - Ominous news on the auto front: Chrysler will idle all its North American plants for at least 30 days beginning Friday, a move meant to realign the company's supply with plummeting demand, the Detroit News reports. Ford, meanwhile, will close 10 assembly plants for an extra week in January, the... More »

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Chrysler • Detroit • automaker • plant • US automakers • supply and demand • credit market chaos • financial crisis • recession depression

ANALYSIS

 4 Financial Doomsday Scenarios 


Dec 17, 08 11:20 AM CST
(Newser) - James Rickards is far more pessimistic about the economic crisis and its global implications than most of his analyst colleagues, Politico reports. But he’s also well respected by US intelligence and defense services. Here are four of his nightmare scenarios.
  • Terrorism: Al-Qaeda has long sought to disrupt the
... More »

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China • terrorism • depression • recession • national debt • euro • credit crisis • US dollar • financial crisis • economic downturn • recession depression

 Pets Are Losing Homes, Too 

Recession sparks rise in animal abandonment

Dec 16, 08 2:29 PM CST
(Newser) - Animal shelters are being filled with pets abandoned because of the recession and home foreclosures. In Massachusetts, a rescue league has seen a 45% jump in owners citing money or housing problems when they surrender a cat or dog. Others are just leaving their pets on the streets or in... More »

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pets • foreclosure • recession • horse • US economy • abandonment • animal shelters • financial crisis • recession depression

Jittery About Loss, Investors Stuff Cash In 0% T-Bills

Willing to take nothing for their money

Dec 10, 08 12:26 PM CST
(Newser) - The results of yesterday’s short-term bond auction were staggering. Investors snapped up $30 billion worth of Treasuries at a 0% yield—essentially lending the government money for free, the New York Times reports. Earlier, some investors even accepted a negative yield to park their cash in three-month Treasury bills.... More »

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investors • debt • national debt • bonds • bailout • Troubled Asset Relief Program • financial crisis • short term bonds • Treasury bills • recession depression

 Merrill Boss Seeks 
 $10M Bonus 

Directors unlikely to comply given public sentiment

Dec 8, 08 4:01 AM CST
(Newser) - Merrill Lynch narrowly escaped extinction this fall, and CEO John Thain is seeking an end-of-year bonus of as much as $10 million for keeping the company alive, reports the Wall Street Journal. Merrill's board of directors—acutely aware of public scrutiny—appear unlikely to fork over that kind of package... More »

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executive compensation • Bank of America • Merrill Lynch • Lehman Brothers • bonuses • John Thain • financial crisis • recession depression

It's Bad: NYC Cabbie With MBA Posts Résumé in Taxi

La Salle grad drives taxi while awaiting dream job

Dec 7, 08 10:23 AM CST
(Newser) - A recent MBA grad who can’t find a job does have a captive audience: his taxi passengers. After four months of job hunting, James Williamson got his taxi license and posted his résumé in his New York City cab. There aren’t any offers yet, but the 25-year-old... More »

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New York • taxi • unemployment • MBA • taxi driver • resume • recession depression

Bird Shelters Overrun as Foreclosures Take Toll

Exotic animals not always welcome, and require special care

Dec 5, 08 2:52 PM CST
(Newser) - The US foreclosure epidemic, hard on all kinds of pets, appears particularly devastating for exotic birds, Reuters reports. People forced to vacate their homes are finding that cockatiels, macaws, and the like won’t fly at their new digs. Shelters for cats and dogs aren’t equipped to handle the... More »

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pets • foreclosure • subprime crisis • animal shelters • financial crisis • exotic birds • cockatiel • macaw • cockatoo • sanctuary • recession depression

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