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THURSDAY, NOVEMBER 26, 2009
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NEWS ABOUT: recession

recession stories: 853 news summaries

41 - 60 of 853 Stories | << Prev 1 2 3 4 5 6 7 ... 43 Next >>

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 Condé Nast Axing Gourmet, 
 3 Other Titles 

Magazine publisher could lose $200 million this year, industry sources say

Oct 5, 09 10:45 AM CDT
(Newser) - Condé Nast will shut down iconic foodie magazine Gourmet as well as newer title Cookie and Brides offshoots Modern Bride and Elegant Bride, CEO Charles Townsend announced today. Hundreds of jobs will be lost in the company’s biggest single day of closings, the More »

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magazine • recession • Conde Nast • magazine industry • magazine publishing • Gourmet

(Newser) - A rough milestone on the jobless front: The average length of time it takes to find a job—26.2 weeks—now exceeds the standard length of unemployment benefits—26 weeks. That's first time it's happened since the Labor Department began keeping stats 60 years ago, reports Bloomberg. The bit... More »

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recession • unemployment • jobless claims • unemployment benefits • jobless • unemployment rate

 Unemployment Hits 9.8% 

Employers cut 263,000 jobs, more than expected

Oct 2, 09 7:51 AM CDT
(Newser) - More evidence that jobs are bringing up the rear in the economic turnaround: Employers shed 263,000 jobs in September, more than August and far more than expected, raising the unemployment rate to 9.8%. Most of the job losses came in fields such as retail, construction, and manufacturing, notes... More »

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recession • jobless claims • economy • employees • unemployment rate

OPINION

 Recession's Over, 
Need for More Stimulus Isn't

Job market needs big improvements now to avoid a troubled future

Oct 2, 09 6:49 AM CDT
(Newser) - The recession may technically be over but that's no reason for policymakers to start hanging up "Mission Accomplished" banners, writes Paul Krugman. Getting complacent about the state of the economy will result in a vast amount of human misery, he says, because the job market is still terrible and... More »

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recession • US economy • Paul Krugman • economic stimulus package

 IMF: Global Recession Is Over 

World economy is growing, but recovery will be slow

Oct 1, 09 5:37 AM CDT
(Newser) - The global recession is over, the International Monetary Fund said today, revising its economic forecasts in response to Asian growth and more than $2 trillion in stimulus packages worldwide. The IMF now says the world economy is growing and will expand by 3.1% in 2010, with China growing at... More »

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International Monetary Fund • growth • recession • IMF • global economy • Dominique Strauss Kahn • financial crisis • economic recovery

'Billionaire Bloodbath' Costs America's Super-Rich $300B

Mere multi-millionaires make it into Forbes 400 as slowdown shrinks fortunes

Oct 1, 09 3:24 AM CDT
(Newser) - America's 400 richest people became a whole lot poorer over the last 12 months, according to the latest Forbes list. Their total wealth fell by a whopping $300 billion to a total $1.27 trillion, with 314 of the 400 experiencing a fall in fortunes. A Forbes editor described the... More »

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wealth • Forbes 400 • recession • billionaire • Forbes

FORECLOSURE FRONTLINES

 Don't Hate Me: 
 I'm Just Here 
 to Clean Up 

Clearing the detritus of owners' dreams from bank-owned homes

Sep 30, 09 12:07 PM CDT
(Newser) - Cindy Reid doesn’t want you to think she and her boss—and boyfriend—are the “bad guys.” But it is difficult when her man is the one “you never want to see pull up to your house. He has eyes that go flat when you offer ... More »

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trash • foreclosure • recession • bank • homeownership • cleaning • vacant homes • repossessions • repo men

 US Poverty Rate 
 Hits 11-Year High 

First figures since recession reveal decline in incomes

Sep 30, 09 5:23 AM CDT
(Newser) - The share of Americans living in poverty soared to 13.2% last year, its highest level since 1997, according to new census data. Median household income also fell, to $50,303 from $52,163 the previous year. Latinos have suffered the most from the recession. Their median income dropped by... More »

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recession • poverty • Latinos • poverty rate • Census data • median income

pop culture

 'Cupcakists' Find 
 Happiness in 
 a Simple Pastry 

Cultural movement extols the virtues of butter and frosting

Sep 28, 09 4:57 PM CDT
(Newser) - Johnny Cupcakes operates stores that sell cupcake-themed merchandise—shirts and stickers bearing a skull-and-crossbones logo with a cupcake instead of a skull—but not cupcakes. Johnny Cupcakes sells the idea of cupcakes, a symbol of an uncomplicated, untouchable childhood pleasure, safe from the stresses of adult life, writes Jennie Yabroff.... More »

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America • culture • recession • cupcakes • Johnny Cupcakes

NEW POLL

Most Americans Favor 'Soak
the Rich' Tax

Populism is in, and half think Wal-Mart best symbolizes America

Sep 28, 09 5:47 AM CDT
(Newser) - As if tea parties weren't screamingly pointing to its existence, there lurks a deep vein of populism in recessionary America, and a wide-ranging Vanity Fair/60 Minutes poll ran into it. Some 48% of respondents chose Wal-Mart, though the mag notes an element of cynicism, as the firm that 'best symbolizes... More »

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health care • Michelle Obama • Vanity Fair • poll • recession • 60 Minutes • George Clooney • Wal-Mart

In Tough
Times, Families Reselling
Burial Plots

Cemeteries report
brisk sales of late

Sep 24, 09 1:50 PM CDT
(Newser) - People struggling with bills and other earthly concerns are unloading burial plots at a fast clip. One Florida cemetery made as many “buybacks” in the first half of this year as in all of 2008, another in Ohio reports a similar spike, and ads are plentiful on funeral property... More »

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cremation • recession • death • economy • cemetery • economic downturn • burial plot • family plot

 CityCenter: Las Vegas' 
 $8.5B Stimulus Bet 

Hotel-casino-condo-shopping behemoth brings 12K jobs, optimism to battered state

Sep 23, 09 6:54 PM CDT
(Newser) - A gigantic addition to the Las Vegas Strip is a one-stop stimulus package for a city and state walloped by the recession and an $8.5 billion bet that happy days are near again. With 12,000 jobs, the CityCenter project—a kaleidoscope of condominiums, boutique hotels, shopping, and, of... More »

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Las Vegas • debt • recession • casino • CityCenter • hotel • credit crisis • condominium • Las Vegas Strip • financial crisis

(AP) - The Federal Reserve today decided as expected to hold a key bank lending rate at a record low near zero and pledged to keep rates there "for an extended period." The Fed also declared that "economic activity has picked up following its severe downturn" and said it... More »

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Ben Bernanke • Federal Reserve • recession • economy • interest rates



 Business Is Booming 
 on Appalachian Trail 

In echoes of Depression-era hobos, hikers subsist on bartered farm labor

Sep 21, 09 1:00 PM CDT
(Newser) - The Appalachian Trail has been packed this year, as the unemployed wait out the bad economy by hiking almost 2,200 miles between Maine and Georgia—and often pay for the journey by working as they go, the Wall Street Journal reports. The trail offers a subsistence lifestyle—hikers budget... More »

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hiking • recession • unemployment • Appalachian Trail

 Cost-Cutting Companies 
 Target No. 2  Execs 

Corporations eliminate second-in-command roles to save on costs

Sep 21, 09 8:27 AM CDT
(Newser) - Cost-cutting at American's largest corporations is hitting the executive suite, with CEOs rolling up their sleeves to take on more day-to-day responsibilities and laying off their No. 2s. In the 18 months leading up to June 2009, 40 major companies eliminated COOs or presidents, the Wall Street Journal notes, while... More »

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AOL • executive compensation • CEO • recession • corporations • corporate governance • Chief Executive • management • COO • financial crisis

 Japan Loses Its 
 Taste for Luxury 

From food to handbags, high-cost items are suffering

Sep 21, 09 7:31 AM CDT
(Newser) - Hundred-dollar melons and pricey designer handbags used to sell so well in Japan that companies considered luxury goods a mass-market sector. But while the Japanese kept on shopping through previous recessions, this one has produced a sea change. The luxury industry has been hard hit, and the change may be... More »

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Louis Vuitton • shopping • Japan • recession • Tokyo • luxury • Japanese economy

analysis

 Don't Let the 
 Recession 
 Rule Out 
 Retirement 

Save more, use 'catch-up' tax law provisions to turn things around

Sep 20, 09 4:48 PM CDT
(Newser) - Retirement savers have been facing grim truths, like the fact that a 50% portfolio loss requires 100% in earnings to recover. But middle-of-the-road investors could recover in as little as 2 years if they make contributions, receive a company match, and see fair long-term portfolio returns, writes Linda Stern in... More »

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retirement • recession • savings • investor • 401(k) plans

New Recession Villain:
Warren Buffett's Cell Phone

Oracle of Omaha missed message that may have saved Lehman Brothers

Sep 18, 09 8:24 AM CDT
(Newser) - If Warren Buffett knew how to use his cell phone, the financial world might be in better shape, blogs Karen Tumulty of Time. Just before Lehman Brothers collapsed last year, a Barclays executive attempting to rescue the firm with an assist from Buffett left a message on the Oracle of... More »

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technology • cell phones • Barclays • Warren Buffett • mergers and acquisitions • recession • Lehman Brothers • financial crisis

 NYC Unemployment Hits 10.3% 

City given grant to help laid-off Wall Street workers retrain

Sep 18, 09 7:10 AM CDT
(Newser) - The Big Apple's unemployment rate hit double digits last month for the first time since 1993, the New York Times reports. At 10.3%, the rate is now higher than the national rate of 9.7%. State officials say continuing layoffs on Wall Street are to blame for the rise,... More »

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Wall Street • New York City • recession • unemployment • financial sector • job training


 Supermarkets Slash Prices 
 

Deflation stalks the aisles; Safeway cuts below profit point

Sep 17, 09 7:32 AM CDT
(Newser) - Americans are getting a big break on the price of food, as the recession drives down the cost of wheat, milk, and other staples, and supermarkets fight feverishly for sales. After a year of dramatic increases, commodities are way down—the price of corn, for instance, is down 56% since... More »

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recession • consumer spending • supermarket • deflation • food prices • commodities • retailers

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