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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: recession

recession stories: 853 news summaries

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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 »

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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 »

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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 »

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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 »

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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 »

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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 »

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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 »

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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 »

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

School Volunteering
Stresses Parents Out

Pressure to help out a source of anxiety for moms and dads

Oct 15, 09 7:00 PM CDT
(Newser) - With school budgets slashed because of the weak economy, parents are feeling more pressure than ever to volunteer. About 64% of parents surveyed by Harris Interactive say they believe it's more important than ever to pitch in, with 53%—far more than last year— saying they planned to do just... More »

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high school • parents • recession • volunteer • elementary school • teacher

Obama's Stealth Stimulus: $250 Checks to Seniors

With social security stagnant, Obama proposes payment to elderly

Oct 15, 09 8:12 AM CDT
(Newser) - Seniors won’t be getting a boost in their Social Security benefits this January, but President Obama tried to head off that announcement yesterday by encouraging Congress to give them all a one-time $250 check. The administration sees these payments, which would cost the government about $13 billion, as another... More »

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Barack Obama • inflation • recession • recovery • Social Security • economic stimulus package • senior citizens

analysts' reactions

Dow at 10,000?
'Hold the Cheering'

It's decent news, but let's not get carried away

Oct 14, 09 1:58 PM CDT
(Newser) - The Dow hit 10,000 today, but most analysts aren't exactly falling off their chairs in excitement:
  • Mark Hulbert, MarketWatch: "It would be entirely in investors' rights to feel pretty good about it. But they're not, on the whole. That's surprising, and suggests to contrarian analysts" that
... More »

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stock market • Wall Street • investors • Dow Jones • recession

 Pay Cuts: America's New Norm 

Nine straight months of declining pay sets new record

Oct 14, 09 7:49 AM CDT
(Newser) - In previous recessions, layoffs were the principal way for employers to cut costs—pay cuts were seen as demoralizing and a sure-fire way to lose workers to other jobs. But now pay cuts, sometimes in the form of demotions or shortened workweeks, are more common than at any time since... More »

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wages • recession • unemployment • pilot • furlough • pay cut

Soaring Price of Wings Begets Boneless Substitutes

Perplexed eateries switch breast strips for once-cheaper wings

Oct 13, 09 10:36 AM CDT
(Newser) - In a sign of a poultry market apocalypse, chicken wings are now more expensive than skinless, boneless chicken breast, because chicken wings are cheaper. Wait, what? Strange but true: thanks to the recession, restaurants are ordering less chicken breast, the New York Times explains, while consumers buy more of... More »

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recession • food prices • chicken • chicken wings

 Hollywood Heads Roll 
 as DVD Sales Plunge 

New studio heads place bets on 'branded entertainment'

Oct 8, 09 8:44 AM CDT
(Newser) - In previous downturns, the corporate owners of America's movie studios would cut Hollywood some slack. Not anymore: these days, the corporate suites of LA look like the aftermath of a slasher flick, with old hands kicked out at Disney, Universal, MGM, and Paramount. With DVD sales down 25% and... More »

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entertainment • Hollywood • Disney • recession • Universal Pictures • Paramount • MGM • movie industry • firing

ANALYSIS

 Recession Finds 
 Place in Rap's 
 Latest Hits 

Jay-Z, Young Jeezy, Lil Wayne among those referencing sour economy

Oct 7, 09 9:38 PM CDT
(Newser) - The ugly economy is making more than a cameo in today’s hottest rap music, with Young Jeezy taking the cake by naming his latest album The Recession. Rap’s often been a barometer of such huge swings, Sara Libby writes, noting the impact last year of Barack Obama’s... More »

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entertainment • music industry • recession • rap music • Lil Wayne • Jay-Z • financial crisis • Jay-ZTV • Jay Sean • Young Jeezy • Lil Wayne jail • Lil Wayne pleads guilty • Lil Wayne going to jail

OPINION

 Put New 
 Stimulus 
 to Work for 
 Unemployed 

Painful 'new normal' isn't good enough

Oct 7, 09 2:08 AM CDT
(Newser) - Economists are buzzing about a "new normal" of higher unemployment and wage stagnation post-recession, but Americans shouldn't resign themselves to a mediocre economy, writes Harold Meyerson. Downturns triggered by banking crises usually cause higher rates of unemployment for longer periods than normal downturns, but the cycle can be broken... More »

MORE ABOUT:
recession • unemployment • US economy • New Deal • economic stimulus package • job creation

 Recession Trims 
 Carbon Emissions 3% 

There's less industrial activity, and more countries look to alternative fuels

Oct 6, 09 6:20 PM CDT
(Newser) - The recession will help the world achieve something this year few laws have been able to: cut the output of greenhouse gases. Emissions will be down 3% mainly due to lower industrial activity, the International Energy Agency said today, with countries also helping by switching to alternative energy sources. More »

MORE ABOUT:
greenhouse gases • alternative energy • recession • carbon emissions • International Energy Agency • financial crisis • Copenhagen climate change conference

 Obama Mulls 
 Tax Cuts, 
 Spending to 
 Goose Economy 

Grim jobs outlook spurs talks on new stimulus measures

Oct 6, 09 5:52 AM CDT
(Newser) - The Obama administration is examining new ways to boost the economy amid troubling unemployment statistics. The White House and Democratic leaders in Congress are considering strategies that include new transportation spending and an extension of tax credits for first-time homebuyers and small businesses struggling with operating losses. A proposal to... More »

MORE ABOUT:
employment • recession • unemployment • US economy • economic stimulus package • Obama administration

ANALYSIS

 Many Jobs Are Gone Forever 

Employment picture likely to remain grim for years, and predicting winning industries is a challenge

Oct 5, 09 2:28 PM CDT
(Newser) - The job market is likely to be grim for years to come—economists expect that even if job creation returned to the brisk pace of the ‘90s, unemployment wouldn’t return to 5% until 2017. And for many of the unemployed, the numbers belie the real problem: The positions... More »

MORE ABOUT:
health care • employment • recession • unemployment • job • job creation • green jobs • recession depression

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