Skip to: Content
Skip to: Site Navigation
Skip to: Search
FRIDAY, NOVEMBER 20, 2009
| Subscribe to Newser's RSS feeds RSS | Follow Newser on Twitter Twitter

NEWS ABOUT: recession

recession stories: 848 news summaries

1 - 20 of 848 Stories | 1 2 3 4 5 ... 43 Next >>

Switch to grid view »

Millions Must Repay Part
of Stimulus Tax Credit

Withholding errors mean 15.4M will get smaller refund or owe money

Nov 17, 09 12:49 PM CST
(Newser) - An IRS tax credit designed to lighten the load on recession-addled taxpayers won't work out as well as hoped for about 15.4 million Americans. Because certain minutiae of the new Making Work Pay credit weren’t factored in to withholding tables, more than 10% of taxpayers who file individual... More »

MORE ABOUT:
IRS • recession • Treasury Department • Internal Revenue Service • tax refunds • economic stimulus package • tax credit • tax liability • Making Work Pay

paul krugman

 It's About the Jobs, Stupid 

The US needs to create work for Americans

Nov 13, 09 8:20 AM CST
(Newser) - The US has to shake up conventional thinking and create jobs for out-of-work Americans, writes Paul Krugman . Our current misguided thinking—as evidenced by unemployment north of 10%—isn't so much a jobs policy as GDP policy. "If you grow it, they will come," goes the philosophy. Get... More »

MORE ABOUT:
recession • unemployment • economy • unemployment rate

 Buffett: 
 'Financial 
 Panic Is 
 Behind Us' 

He sounds optimistic note at Columbia University forum

Nov 12, 09 9:14 PM CST
(Newser) - Warren Buffett says the worst is over. "The financial panic is behind us," he declared at Columbia University. The Berkshire Hathaway chief acknowledged that the US economy "still is sputtering some," but he sounded a bullish note on investment opportunities around the globe. While he gave... More »

MORE ABOUT:
Warren Buffett • recession • Berkshire Hathaway • panic • financial crisis

9 Other States Have Calif.-Sized Fiscal Messes

Ariz., Fla., Ill., Mich., and NJ among others facing crises

Nov 11, 09 8:14 PM CST
(Newser) - California has by no means cornered the market on enormous financial problems at the state level, with a report out today saying Arizona, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island, and Wisconsin are also at tremendous risk. The Pew Center sees widespread unemployment, huge budget deficits, and the... More »

MORE ABOUT:
Florida • California • Wisconsin • Arizona • New Jersey • Michigan • foreclosure • recession • Oregon • unemployment • Illinois • Nevada • Rhode Island • budget deficit • financial crisis

analysis

Fast-Food Star of
Recession: $5 Footlong

Subway is rewarded for listening to franchisee

Nov 7, 09 11:34 AM CST
(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

1 - 20 of 848 Stories | 1 2 3 4 5 ... 43 Next >>


from our news partners