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NEWS ABOUT: recession

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Rise of the One-Day Biz Trip

Even long-distance travelers avoiding hotel stays

(Newser) - As businesses cut costs, more employees are traveling—even overseas—without staying overnight. “I'm not sure everybody has the stamina to get up at 4 AM for a 6 AM flight and get home at 9," said one traveler—who totaled 100,000 miles last year but only... More »

1 in 5 US Men Unemployed

Recession has been especially hard on traditionally male jobs

(Newser) - Male unemployment has hit an all-time high, with a whopping 1 of every 5 working-age American men jobless, according to the latest government figures. The economic downturn has been especially brutal on traditionally male-dominated fields like construction and manufacturing, the Huffington Post explains, leading some to label it a “... More »

Income=$0, and Some Food Stamps

States seeing double-, triple-digit growth among those with zero income

(Newser) - The recession has pushed millions from their homes and jobs, but there's a rising new class of economic victim—the American with zero monthly income surviving on food stamps alone. The New York Times examined states' data, and found that some 18% of food stamp recipients were in households with... More »

Charities Hope for Last-Minute Donation Surge

In recession, gifts are down, but need is higher than ever

(Newser) - Charities and nonprofits are hoping for a whirlwind of last-minute donations to make up for a dismal year that saw donations fall while the need for services rose. “This is basically the most critical giving season since the Great Depression,” a representative for the Center for Nonprofit Advancement... More »

Stocks Close In on Big 2009 Gains

Dow up 61% since the low point in March

(Newser) - Stocks have rebounded mightily since the dark days of March, though analysts warn the dazzling recovery could make for a lackluster 2010, or even auger a double-dip recession or '30s-style yo-yoing markets. The good news first: Barring a disastrous close today, the Dow will be up around 61% since March... More »

Culture Wars Took 2009 Off

Conservative protests were largely secular, writes EJ Dionne

(Newser) - America called a ceasefire in the culture wars this year as the economy and debate on the role of government pushed battles over religion and culture to the back burner, writes EJ Dionne. The change was most apparent on the right, where the loudest voices of protest came from the... More »

Florida, Nevada Shed People; Texas Gains

Magnet states in West, South lose residents; Texas gains the most

(Newser) - The recession has turned migration patterns on their heads in the last year. So-called magnet states in the West and South aren't so magnetic anymore, with Florida and Nevada starkly illustrating the trend. Earlier this decade, they both topped the growth charts, but now see more people on the way... More »

That Menu Is Playing With Your Mind, Wallet

Restaurants high and low use psychology to boost spending

(Newser) - In the recession, restaurants casual and white tablecloth alike are desperately updating one of their secret moneymakers: the menu. Numerous studies have concluded that customers spend more when items have sumptuous descriptions, a relative’s name is included, or, most importantly, the $ sign is banished entirely. Whether you can... More »

Crime Down, Despite Recession

Experts puzzled by drop in murder, property crime

(Newser) - Despite financial misery, unemployment, and foreclosures, America's crime rate actually dropped in 2009. Preliminary FBI figures show murder and manslaughter are down 10%, January to June, while property crimes overall dropped 6%, the AP reports. Car theft is down 19%. "That's a remarkable decline, given the economic conditions,"... More »

Temp Hiring Is on the Rise

Employers show confidence, but hedged with caution

(Newser) - With the economy on an upswing, employers are feeling a tad more confident—enough to bring on more temporary workers, who can easily be let go if things go south again. Temp hiring has risen for 4 months—longer than the aftermath of previous recessions, when employers started hiring permanent... More »

Americans Send Fewer Holiday Cards

Penny-pinchers skimp on mailbox cheer

(Newser) - Noticing a certain emptiness in your mailbox? Holiday cards are the latest victims of the weak economy—Americans sent 11% fewer pieces of mail than in 2008 during the first half of December, the US Postal Service reports. Hallmark estimates that 1.8 billion holiday cards will be sent this... More »

Economy Curbs Holiday Travel

Americans stay home or scale back vacation plans

(Newser) - The weak economy is taking a toll on Americans' plans for holiday travel, forcing cash-strapped would-be vacationers to alter trips or abandon them altogether. A recent poll found that, of those who planned to travel more than 100 miles for the holidays, a third said they had been forced to... More »

Bottled Water Sales Head Down the Drain

Environmentalists claim credit; industry blames economy

(Newser) - Bottled water sales are sinking, and environmentalists point triumphantly to their hard-fought campaign against the wasteful industry. Consumption is expected to drop 2% this year, following a 3.2% drop last year, MSNBC reports. But industry executives say it’s just a natural result of the economic downturn, noting that... More »

Real Housewives Feel Recession

Orange County reality show stars are downgrading, like the rest of us

(Newser) - The next time you have to clean your own house or resort to shopping at—gasp!—H&M instead of Prada, don’t feel bad: The stars of Real Housewives of Orange County are right there with you. As if those shocking belt-tighteners aren’t bad enough, one of... More »

Poll Lays Bare Jobless Toll on Families

Parents are panicked and ashamed, kids are anxious as savings go

(Newser) - Unemployment is taking an alarming toll on the mental health and family life of American workers, a New York Times / CBS poll finds. Some 86% say unemployment has caused a life crisis. Almost half say they've suffered from anxiety and depression, they've argued more with their family and friends... More »

Summers: Recession Is Over

No, it's not, says fellow White House adviser

(Newser) - Key White House economic advisers split today on whether the recession's over, reports Politico . "Everybody agrees that the recession is over, and the question is what the pace of the expansion is going to be," Larry Summers said on State of the Union. Christina Romer didn't get that... More »

Older, Cheaper Gadgets Make Great Gifts

Spend much less, get slightly less, but hey, it's a recession

(Newser) - A bunch of older gadgets—read: last year's models—"work fantastically well yet have been largely forgotten," Farhad Manjoo writes on Slate . What's more, they're relatively cheap, and perfect for the penny-pinching holiday shopper. A sampling:
  • Kindle 1: The design is a bit "off-putting," and the
... More »

Hipster Beer PBR Cruises in Recession

Downmarket brew's sales skyrocket as usual suspects flounder

(Newser) - Pabst Blue Ribbon has profited from a hipster following for years because of its unpretentious image and low-profile marketing, so it makes sense that even a recession hasn’t dimmed the brand’s power. Sales are up 30% for the year ending in October, trouncing beer’s overall 1.1%... More »

Small Plates, Big Bars Are the Future of Dining

Jose Andres' Bazaar in LA rakes it in while others falter

(Newser) - Chef José Andrés’ newish Los Angeles restaurant, Bazaar, is all the things fine dining didn’t used to be—in a hotel, bar-centric, and focused entirely on small plates. It's also one thing few and fewer restaurants are now: profitable. It's the future, Katy McLaughlin predicts, for several reasons.... More »

Hey, Regular Joes, You've Got Blackmail

In tough times, many turn to extorting non-celebs

(Newser) - Whether the perpetrators are spurred by the recession or inspired by the David Letterman and Cindy Crawford cases, the ranks of aspiring blackmailers are swelling—and an increasing number of their plots are targeting ordinary private citizens. The typical non-celebrity extortion victim has a high net worth and has engaged... More »

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