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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: economic crisis

economic crisis stories: 32 news summaries

21 - 32 of 32 Stories | << Prev 1 2

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Herd Mentality Moves Many to Needless Penny-Pinching

Psychology has everyone spending less, even those who don't need to

Apr 16, 09 10:09 AM CDT
(Newser) - Amid the economic distress, many people who can spend as freely as they could before aren’t, the Washington Post reports. Such consumers, economists say, take psychological cues from friends and the media and pinching pennies needlessly—which only helps deepen the downturn. Upper-income consumers cut spending from $185 in... More »

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recession • psychology • consumer spending • consumer psychology • financial crisis • economic crisis

 Chilly Reception 
 Awaits Obama 
 at Summit 

Odds are, summit will be full of awkward moments

Apr 15, 09 9:35 AM CDT
(Newser) - President Obama got a warm welcome on his recent Europe trip, but he shouldn't expect the same from Latin America, the Washington Post reports. At the upcoming Summit of the Americas in Trinidad and Tobago, the new president is likely to face some tough questions, and potentially awkward moments, as... More »

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Latin America • Luiz Inácio Lula da Silva • Evo Morales • Daniel Ortega • Hugo Chávez • Obama administration • financial crisis • President Obama • economic policies • economic crisis • Summit of the Americas

OPINION

Liberian Prez's Plea: Don't Let Global Crisis Kill African Gains

This mess is not of Africa's making

Apr 9, 09 10:44 AM CDT
(Newser) - Africa is in the midst of a great turnaround, with economies growing and democracy and human rights improving, Liberia’s president writes in the Washington Post. But progress is threatened by a global economic crisis it had no hand in creating. Some $50 billion in income could be lost as... More »

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Africa • recession • Liberia • aid programs • Ellen Johnson Sirleaf • economic crisis

(Newser) - The woes of international capitalism are fueling renewed interest in the ur-texts of Chinese Communism, MSNBC reports. Sales of Karl Marx’s Das Kapital and Mao’s “little red book” are skyrocketing in China, where the publisher of Kapital has seen a fivefold increase in sales since... More »

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China • capitalism • global economy • Communism • Karl Marx • Mao Zedong • economic crisis • Das Kapital • little red book

(Newser) - Frustrated Senate Democrats today urged their GOP counterparts to stop criticizing President Obama’s proposed budget and provide an alternative, the Hill reports. “If it were easy to write a budget, then the Republicans would be writing one,” Dick Durbin said. Republicans responded that as the minority, that... More »

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Congress • Harry Reid • Senate Democrats • Mitch McConnell • Senate Republicans • Dick Durbin • 2009 budget • President Obama • economic crisis

'09 Airline Losses Likely Worse Than Post-9/11

Companies to lose $4.7 billion in economic crisis

Mar 24, 09 11:50 AM CDT
(Newser) - World airlines will lose $4.7 billion this year, and revenues will plummet $62 billion—worse than after 9/11, a top industry association said. The grim estimate is almost twice what it was in December and reflects “the rapid deterioration of the global economic conditions,” said the International... More »

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airline industry • profits • global economy • revenue • 9/11 attacks • economic crisis

(Newser) - With unemployment rising, more women are moving on up by stripping down, the AP reports. The adult entertainment industry, is receiving a barrage of applications from women seeking good pay and job security in fields ranging from porno to exotic dancing. "You're seeing a lot more beautiful women who... More »

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women • pornography • recession • adult films • stripping • stripper • adult performer • adult magazines • strip clubs • economic crisis • Howard Stern Grid

Spitzer Returns to Blast AIG

Disgraced ex-guv admits his mistakes
on CNN, but slams insurer's payments

Mar 22, 09 5:18 PM CDT
(Newser) - A humbled Eliot Spitzer re-entered the limelight last week with an interview on CNN, admitting that he "failed in a very important way." But the former New York governor, ousted by a prostitution scandal last year, also took aim at AIG, calling it "at the center... More »

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Barack Obama • Eliot Spitzer • AIG • comeback • prostitution scandal • economic crisis

Stewart-Inspired Media Watchdog
Barks at CNBC

Liberal Media Matters urges network to get tough on Wall Street

Mar 16, 09 11:35 AM CDT
(AP) - Jon Stewart's attacks on CNBC have greased the wheels at Media Matters. The liberal watchdog group launched an online petition drive today urging the network to be tougher on Wall Street leaders. It's asking CNBC to hire economic voices with a track record of being right about the current crisis... More »

MORE ABOUT:
CNBC • Jon Stewart • Media Matters • economic crisis

 New 
 Strategy 
 for Obama: 
 Blame Bush 

Post-partisan pledges give way to new attack role

Mar 14, 09 10:19 AM CDT
(Newser) - President Obama is reminding Americans more and more lately that he's inherited much of this mess from George Bush, reports the Washington Post. It's a shift for Obama, who has long preached against the petty politics of old. The move comes as Republicans step up their own attacks against Obama... More »

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partisanship • George W. Bush • Obama administration • President Obama • blame • economic crisis

 'Hidden Homeless' 
 Turn to Motels 

Recession forces middle-income families into uncomfortable new quarters

Mar 11, 09 9:48 AM CDT
(Newser) - As the economy leaves people without the income they need to afford a mortgage or monthly rent, more and more families find themselves checking into motels for indefinite stays. While they may be a step above homeless shelters, motels bring with them a unique set of problems as long-term stopgaps,... More »

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middle class • foreclosure • homeless • Orange County, California • unemployment • financial crisis • recession depression • economic crisis • motel

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 »

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

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