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SATURDAY, NOVEMBER 7, 2009
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NEWS ABOUT: recession

recession stories: 844 news summaries

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analysis

Fast-Food Star of
Recession: $5 Footlong

Subway is rewarded for listening to franchisee

50 minutes ago
(Newser) - BusinessWeek has found what it calls the "fast-food success story of the recession"—the $5 footlong sandwich from Subway. The simple idea began with a franchisee who noticed slow sales on weekends and decided to knock down prices to bring in customers. After sales went through the... More »

MORE ABOUT:
fast food • recession • fast food industry • sales • Subway

megan mcardle

Expect Unemployment
to Keep Rising

Companies still aren't sold on a long-term recovery

Nov 6, 09 11:33 AM CST
(Newser) - Anyone hoping that today's worse-than-expected news of 10.2% unemployment means we've hit rock bottom is going to be disappointed, writes Megan McArdle . "This figure is likely to get worse before it gets better." Companies need more proof of a long-term recovery before committing to new hires. In... More »

MORE ABOUT:
recession • unemployment • economy • recession depression • jobless • unemployment rate

TIPS FOR THE MANSIONLESS


 What Broke 
 Celebs Can 
 Teach Us 

Don't make the same mistakes as Nicolas Cage and Annie Leibovitz

Nov 6, 09 9:38 AM CST
(Newser) - Celebrities really are just like us: During these financially stressful times, they’re suffering, too. On Huffington Post, Manisha Thakor points out the takeaway from four high-profile meltdowns.
  • NBA Player Antoine Walker: Squandered away his $110 million fortune by age 33. The lesson? If you have a variable
... More »

MORE ABOUT:
entertainment • debt • celebrity • recession • Antoine Walker • credit crisis • Annie Leibovitz • Nicolas Cage • Nicolas Cage broke

 Unemployment Jumps to 10.2% 

Companies cut 190,000 jobs last month

Nov 6, 09 7:50 AM CST
(Newser) - Unemployment cracked the 10% barrier last month, as 190,000 workers lost their jobs, according to Labor Department figures released today. The bigger-than-expected losses bring the rate to 10.2%, a 26-year high. And the underemployment rate, which includes would-be full-timers working part time and those who've given up looking... More »

MORE ABOUT:
recession • unemployment • Department of Labor • payrolls • economy • underemployment • unemployment rate

 NFL Scores Ratings Touchdown 

Recession keeps people on couch on Sunday

Nov 6, 09 7:41 AM CST
(Newser) - NFL ratings are through the roof this year, as the recession keeps fans on the couch on Sunday afternoons...and Sunday nights and Monday nights. Ratings are at a 20-year high, with an average 17.2 million watching each game. “The NFL and television are actually getting the so-called... More »

MORE ABOUT:
NFL • football • recession • TV ratings • Robert Kraft

PAUL KRUGMAN

Dems Will Regret Not Being Bolder on Economy

Voter backlash is about failure to lower unemployment

Nov 6, 09 6:48 AM CST
(Newser) - Paul Krugman doesn't buy the GOP conclusion that voters Tuesday rejected the Obama agenda. The election just showed that American voters are worried about their jobs, he writes, and this time next year, with unemployment still high, Democrats will likely regret not having been bolder on the economy when... More »

MORE ABOUT:
recession • unemployment • US economy • Paul Krugman • economic stimulus package • Obama administration • President Obama • election day November 2009

PEGGY NOONAN

 Voters Punished Obama, 
 Dems for Going Deaf 

Election should be a wake-up call for out-of-touch White House

Nov 6, 09 5:19 AM CST
(Newser) - The Democratic Party should view its walloping in Tuesday's election as an opportunity to start listening before it's too late, writes Peggy Noonan . The Democrats have been focusing on the wrong issues since they gained power last year and that explains the huge swing to the Republicans in Virginia and... More »

MORE ABOUT:
Jon Corzine • recession • Republican Party • health care reform • Peggy Noonan • Democratic candidates • Obama administration • President Obama • election day November 2009

PETER BEINART

 Economic Fury 
 Is the New 
 Culture War 



Deficits were the rallying cry for yesterday's winners

Nov 4, 09 11:19 AM CST
(Newser) - "Conservatives have supposedly gotten their groove back," Peter Beinart writes about the results of yesterday's state races, "but it's not the same old groove." The candidates who won—or almost won—downplayed social issues and focused on the economy, which Beinart calls the “new culture... More »

MORE ABOUT:
recession • Republican Party • economy • conservatives • culture wars • elections • Christopher Christie • Bob McDonnell • Doug Hoffman • Election 09 • deficit spending

Half of US Kids Will Get Food Stamps at Some Point

Figure hits 90% for black children, study finds

Nov 2, 09 9:29 PM CST
(AP) - Nearly half of all US children and 90% of black youngsters will be on food stamps at some point during childhood, and fallout from the current recession could push those numbers even higher, researchers say. The estimate comes from an analysis of 30 years of national data, and bolsters other... More »

MORE ABOUT:
African Americans • children • recession • poverty • children's health care • food stamps • financial crisis • women's issues

 Credit Stimulus for 
 650K Jobs: White House 

Directly or indirectly, $150B spent has had great effect, report says

Oct 30, 09 11:18 AM CDT
(Newser) - The economic stimulus package has already created or saved at least 650,000 jobs, the White House said today, even though just $150 billion of the $787 billion has been spent. And the number of jobs is closer to 1 million if it includes positions added indirectly, according to the... More »

MORE ABOUT:
White House • recession • economic stimulus package • job creation • Obama administration • President Obama • economic downturn • federal funding

ANALYSIS

US GDP Jump Hollow if Unemployment Keeps Rising

... and it's still rising faster than before recession

Oct 29, 09 8:07 PM CDT
(Newser) - News that the US gross domestic product jumped 3.5% in the third quarter cheered investors and others, but the cheers will ring hollow if unemployment keeps rising, John Authers writes. Consumer spending rose even as disposable income fell—“ not a pattern that can be sustained for long, and... More »

MORE ABOUT:
recession • unemployment • consumer spending • economic stimulus package • consumer confidence index • US gross domestic product • financial crisis • Cash for Clunkers • disposable income

Economy Grows in Q3, Signals End of Recession

Tenuous 3.5% growth is best showing in two years

Oct 29, 09 7:55 AM CDT
(AP) - The economy grew at a 3.5% pace in the third quarter, the best showing in two years, fueled by government-supported spending on cars and homes. The Commerce Department's report today delivered the strongest signal yet that the economy entered a new, though fragile, phase of recovery and that the... More »

MORE ABOUT:
economic growth • economic indicators • recession • economy • financial crisis

Poll

 US Glum on Economy 
 —and GOP, Too 

Republican Party lacks opposition bump usually accompanying hard times

Oct 28, 09 11:47 AM CDT
(Newser) - Americans are bummed about the economy, but that hasn’t given Republicans the usual opposition party boost in Washington . “The mood in America may be blue, but attitudes toward Washington are just jet black,” a pollster tells the Wall Street Journal . Some... More »

MORE ABOUT:
GOP • recession • Republican Party • economy • opinion polls • Obama administration • President Obama • economic downturn • pessimism

 Bartering Turns Into 
 $10B Recession-Buster 

More businesses signing on to trend of exchanging services

Oct 27, 09 1:19 PM CDT
(Newser) - The global recession has made bartering hot, but don’t go thinking it’s all a backrub for a plumbing fix. Big money—though no cash—is changing hands through the world’s largest barter service, Bartercard. The worldwide service’s transactions are valued at $2 billion this year, up... More »

MORE ABOUT:
Iraq • England • business • recession • trading • global economy • barter • bartering

Recession Leads to
Uptick in Teen Runaways

Increase in fleeing juveniles strains social services

Oct 26, 09 9:07 AM CDT
(Newser) - More and more young Americans, including many under 13, have left home or been kicked out as foreclosures, unemployment, and the rising cost of living make conditions in lower-income homes even tougher than usual. Experts and government studies estimate that 1.6 million juveniles leave home each year, though there... More »

MORE ABOUT:
recession • homeless • runaway • poverty • youth • juvenile • recession depression

 Gator Biz Caught in Jaws 
 of Recession 

Egg collection shrinks

Oct 22, 09 2:18 PM CDT
(Newser) - No industry is safe from the recession, no matter how many teeth it has. The demand for alligator-skin accessories like handbags, watches, and belts has plummeted this year, leaving even top US gator farmers in danger of going out of business, USA Today reports. “This is, by far,... More »

MORE ABOUT:
fashion • Louisiana • recession • alligator

OPINION

Bailout
Is Bad News
for Savers

Banks get trillions, fixed-income investors get screwed: Sloan

Oct 20, 09 12:17 PM CDT
(Newser) - Not fed up enough with just putting your taxpayer dollars directly on the line to bail out the nation’s banks? Allan Sloan has latched on to some insidious “collateral damage” from the government’s rescue plan, those trillions spent “to keep interest rates down to support the... More »

MORE ABOUT:
Federal Reserve • investments • recession • Treasury Department • interest rate • Allan Sloan • rescue package • Wall Street bailout • TARP

the imperial mayor

 In New York, No One 
 Matters But Bloomberg 

Political foes gone, power elite diminished, moneyed mayor calls all the shots

Oct 19, 09 11:14 AM CDT
(Newser) - Say what you will about Michael Bloomberg—the perfect mayor for New York in a financial crisis or arrogant billionaire who's pretty much bought an unprecedented third term—above all, Chris Smith writes, he is “a one-man Establishment.” A perfect storm of his personal fortune, the vagaries of... More »

MORE ABOUT:
New York City • Michael Bloomberg • finance • recession • mayor • term limits • financial crisis • power elite • Establishment

PAUL KRUGMAN

 In Switch, 
 'Real Economy' 
 Hits Big Banks 

Slumping profits are 'payback' from Main Street whipped by bad practices

Oct 19, 09 9:49 AM CDT
(Newser) - Those concerned about the nation’s banks should forget about the “softly, softly policy” of the Obama administration that has allowed Goldman Sachs to go back to business as usual in spectacular fashion. The real problem, Paul Krugman writes, is banks like Citi and Bank of America that are... More »

MORE ABOUT:
Bank of America • Goldman Sachs • recession • Citibank • credit crisis • Paul Krugman • lending practices • Larry Summers • Obama administration • financial crisis • economic downturn

 How Australia Dodged 
 the Recession

How one country ducked the economic downturn

Oct 16, 09 5:42 PM CDT
(Newser) - Australia has weathered the financial crisis better than any other developed country. Last week its central bank raised interest rates, indicating its primary concern is now inflation, not growth. What were the keys? Phil Dobbie of BNET explains:
  • Befriending China: Australia used to export much of what it made
... More »

MORE ABOUT:
China • international trade • real estate • Australia • globalization • United Kingdom • United States • trade • housing • recession • global economy • banking • bilateral trade • economy • what recession? • population growth

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