Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Hot on Facebook
Man Tries to Order Priciest Starbucks Drink Ever Total cost: $23.60 »

NEWS ABOUT: recession

Stories 781 - 800 | << Prev   Next >>

Switch to grid view »

Amid Recession, Visitors Flock to National Parks

Every dollar spent on parks generates $4 in spending

(Newser) - Local economies enjoyed a federal bailout of sorts from National Parks visitors, who spent $11.8 billion in businesses surrounding parks and monuments last year. For every government dollar dispensed on upkeep and some 200,000 workers, $4 were generated in local spending, reports the Washington Times. Sales were up... More »

Amazon Has 'Best Ever' Holiday Season

Online retailer beat the market with HDTVs, iPods, and Wii

(Newser) - The Grinch apparently didn’t sour shoppers on Amazon this year: The company said today the 2008 holiday season was its “best ever,” MarketWatch reports. Amazon sold more than 6.3 million items worldwide on Dec. 15, its peak day, amounting to “a record-breaking 72.9 items... More »

Recession-Battered States Slash Medicaid

Governments lower payments, cut add-ons to health program

(Newser) - As states across the country struggle to cope with staggering budget shortfalls, 19 of them have cut back on Medicaid, reports the Washington Post. The states, along with DC, are lowering payments to hospitals and nursing homes, ending coverage for less common treatments, and booting some citizens out of the... More »

No Christmas Miracle for Retailers

Even luxury sector sales in free fall

(Newser) - It was a bleak Christmas and promises to be a less than prosperous New Year for retailers with consumers tightening their belts and spending less, reports the Wall Street Journal. Retail sales dropped 5.5% in November and 8% in December, compared with the same months last year. Luxury goods,... More »

US Students Flock North for Cheap Tuition

Canadian universities appeal to Americans in tough economy

(Newser) - Cash-strapped Americans with their sights set on college see Canada as an affordable alternative to domestic institutions, the Boston Globe reports. Low tuition fees and a stronger US dollar—it’s worth $1.21 in Canada right now—are luring more high school students in the northeast across the border,... More »

Strapped? Sell Your Gold—at the Mall

(Newser) - Up and down the East coast, cash-strapped shoppers are trading in gold and silver, not at pawn shops, but at the mall, the Boston Globe reports. Merchants at kiosks buy the precious metals for less than half of market value, but customers are still pouring in. “It's certainly something... More »

Chocolate Sales Are Bittersweet

Battle to elevate taste to expensive brands proves bittersweet as economy sours

(Newser) - Chocolate sales, reputed to be recession-proof, are taking a hit in this downturn as consumers’ taste for more expensive brands has soured, reports the Financial Times. Companies that jumped into premium candies have been hurt by the downturn, and analysts say the market has been “trading down” from premium... More »

Recession? Not for Botox Docs

For some, it's the cheaper alternative

(Newser) - Botox, apparently the poor man's plastic surgery, has not taken a hit in this recession, according to a recent survey. In fact, some doctors say demand for the pay-as-you-go treatment has increased as patients put off pricier surgeries, the Wall Street Journal reports. A lip plump or wrinkle-smoothing costs a... More »

Plunging Exports Roil Asia

Declining global demand sends shock across the continent.

(Newser) - Asia, the manufacturing powerhouse of the last few decades, is experiencing a plunge in exports unprecedented in modern history, the Washington Post reports. Japan, the world’s second-largest economy, reported yesterday that exports dipped 27% in November, while Thailand’s exports shed 19%, the most in 17 years. Taiwan’s... More »

Krugman: Obama Can't Take Crutches Away Too Soon

Government must remain involved for economy to gain new footing

(Newser) - The Obama administration must resist the temptation to leave the economy to its own devices too soon, Paul Krugman writes in the New York Times. “Getting to the point where our economy can thrive without fiscal support may be a difficult, drawn-out process,” he writes, with no bubble... More »

Firms Shave Costs Without Layoffs

Some workers willingly take wage cuts to save their jobs

(Newser) - Some companies are finding creative ways to cut labor, and keep it, too. Brandeis University, for example, convinced 30% of its instructors to forgo 1% of their pay. "It can save a few jobs," reasons an English prof who's hardly alone. Many workers have accepted reduced hours, unpaid... More »

Shoppers Turn to Funny, Useful Gifts

Boots, joke books, comfort clothes score big in recession

(Newser) - Christmas shoppers are thinking small this year, and the gifts they're buying reveal how Americans are coping with recession, USA Today reports. Here's a list of today's trends:
  • Practical: Nearly half of the most popular items searched for online were boots, according to one mall inventory service. Gifts that help
... More »

Jobless Whites, Blacks Push Out Immigrant Workers

Tough job market sends foreign-born workers home

(Newser) - Tens of thousands of Hispanic immigrants are leaving the US as out-of-work Americans compete with them for manual labor jobs, the Wall Street Journal reports. Even farms, which once struggled to fill positions, are turning people away because white and black Americans need work. "There is definitely a lot... More »

Bank of Japan Follows Fed, Cuts Rates to Near Zero

It drops key interest rate to 0.1%

(Newser) - The Bank of Japan cut interest rates from 0.3% to to 0.1%, within the historic zero- to quarter-percent range that the Fed chose earlier this week. Central bankers were responding to a deep recession as well as a soaring yen, which recently hit a 13-year high against the... More »

Fed Hangs Recovery Hopes on Nothing

Cutting benchmark rate to zero points up risks of plenty of nothing

(Newser) - Nada. Naught. Zip. Zero, as in the 0% interest the Federal Reserve is asking banks to pay—or, rather, not pay—for short-term loans. What does getting zero back for loaning money mean, wonders Paul Farhi of the Washington Post. "The strategy is to hose down America's sclerotic financial... More »

4 Financial Doomsday Scenarios

(Newser) - James Rickards is far more pessimistic about the economic crisis and its global implications than most of his analyst colleagues, Politico reports. But he’s also well respected by US intelligence and defense services. Here are four of his nightmare scenarios.
  • Terrorism: Al-Qaeda has long sought to disrupt the US 
... More »

OPEC Slashes a Record 2.2M Barrels

(Newser) - OPEC has approved a cut in output of 2.2 million barrels of crude a day, the largest reduction ever, MSNBC reports. The consortium believes that stabilizing prices now by decreasing supply will guard against a price spike when consumer confidence increases. OPEC’s monthly report predicts that demand will... More »

Pets Are Losing Homes, Too

Recession sparks rise in animal abandonment

(Newser) - Animal shelters are being filled with pets abandoned because of the recession and home foreclosures. In Massachusetts, a rescue league has seen a 45% jump in owners citing money or housing problems when they surrender a cat or dog. Others are just leaving their pets on the streets or in... More »

Fed Cuts Rate to 0%-0.25%

Target is record low as Reserve battles recession

(AP) - The Federal Reserve today cut its target for a key interest rate to the lowest level on record and pledged to use "all available tools" to combat a severe financial crisis and prolonged recession. The central bank says it reduced the federal funds rate, the interest that banks charge... More »

Recession Bites Into Apple

November sales down, stock falls

(Newser) - Even apparently recession-proof Apple is now beginning to show signs of strain, and some analysts are predicting a major slowdown for the computer giant next year, the Wall Street Journal reports. US sales of Macs last month declined 1% over a year ago, while PC sales rose 2%. One analyst... More »

Stories 781 - 800 | << Prev   Next >>
NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne