recession – News Stories About recession - Page 37

Recession's Latest Victim:
Maternity Leave

Mar 11, 2009 9:11 AM CDT

Recession's Latest Victim: Maternity Leave

Struggling moms abandon plans for months, years off work with children

(Newser) - Stay-at-home moms are becoming the next casualty of the recession, the Wall Street Journal reports. Women who hoped to take several months or even years of maternity leave are now scrambling to find work or increase their hours as the family finances crumble. One mom-centric staffing agency has seen a...

Pelosi Says Another
Stimulus Is Possible

Mar 10, 2009 4:36 PM CDT

Pelosi Says Another Stimulus Is Possible

(Newser) - These days, $787 billion just doesn't go as far as it used to. A meeting of House Democratic leaders and their economic advisers today has raised the prospect of a second stimulus package, the Hill reports. “We have to keep the door open,” Nancy Pelosi said after the...

Think Repo Men
Like Recession?
Think Again

Mar 10, 2009 9:51 AM CDT

Think Repo Men Like Recession? Think Again

Victims 'hide' cars, 'fight over them'

(Newser) - Repossession agents must thrive on recession, right? Wrong, reports the Wall Street Journal. “People are doing everything they can now to hold onto what they’ve got,” says the owner of an auto-recovery business, whose revenue plunged 23% in 2008. “Do you think they’re going to...

Airlines Panic as Recession Grounds Passengers

Mar 10, 2009 7:04 AM CDT

Airlines Panic as Recession Grounds Passengers

Falling price of oil fails to make up for slump in demand

(Newser) - A steep slide in passengers has airline execs reaching for the panic button, reports the Wall Street Journal. Airlines had banked on the drastic drop in oil prices more than making up for falling demand caused by the recession, but the decline—especially in first and business class—has been...

Lost Your Job?
Turn to Those
You Kind of Know

OPINION

Mar 9, 2009 11:40 AM CDT

Lost Your Job? Turn to Those You Kind of Know

Acquaintances can be road to success in tough times

(Newser) - In the professional world, it’s all about who you sort of know, especially when times are hard, Gregory Rodriguez writes in the Los Angeles Times. Job losses may make people withdraw from their friends, but during a recession, acquaintances are the ones who count, often helping pave the way...

Bombed-Out
US Economy
Blasts Globe
Into Recession

Mar 9, 2009 4:05 AM CDT

Bombed-Out US Economy Blasts Globe Into Recession

Developing nations hit especially hard in first world recession since World War II

(Newser) - The world economy is plunging into its first global recession since World War II, and sending 46 million people in developing countries back into poverty, warns a World Bank report. The global lender is urging leading nations to pledge a portion of their stimulus packages to stem the mounting crisis...

Money Woes Boost
Sales of Sedatives,
Antidepressants

Mar 9, 2009 3:17 AM CDT

Money Woes Boost Sales of Sedatives, Antidepressants

Jump comes despite dive in marketing dollars

(Newser) - Here's a downer: The sale of antidepressants and sleeping pills have jumped amid the recession, and 31% of Americans asked about their sleeping habits say financial worries are keeping them up at night. The 7% jump in sleep aids comes despite hundreds of millions of fewer dollars spent on their...

'Recession Babies' Will
Be Boring But Sensible

ANALYSIS

Mar 8, 2009 1:00 PM CDT

'Recession Babies' Will Be Boring But Sensible

Economic upheavals rear careful, dull generations

(Newser) - If history tells us anything, it’s that our modern “recession babies” will grow up to be risk-averse bores. “Today’s youngest children are being raised in the same kind of protective bubble as the Depression babies,” Kate Zernike explains in the New York Times. “They...

American Dream
Dies in Our Wallet

GLOSSIES

Mar 8, 2009 7:26 AM CDT

American Dream Dies in Our Wallet

Lust for fame and fortune have hijacked the nation's true promise

(Newser) - To the dreary lexical suite that defines our times—greed, foreclosure, stimulus and debt—we must add humility, David Kamp writes in Vanity Fair. Our gluttonous pursuits and ridicule of middle-class life has landed us in the grip of a recession and twisted the shape of the American Dream, he...

Sexy Image Hurts Vegas
as Companies Back Off

Mar 7, 2009 6:00 PM CST

Sexy Image Hurts Vegas as Companies Back Off

Sin City bad match for chastened America

(Newser) - Las Vegas has spent years feasting on its naughty image, but Sin City is going hungry in hard times, BusinessWeek reports. Home prices are at half their 2006 peaks, and unemployment has hit a lofty 9.1%. Vegas is reminding businesses that it’s still an attractive convention destination, but...

We May Need a Bigger Stimulus, Say Analysts

OPINION

Mar 7, 2009 12:35 PM CST

We May Need a Bigger Stimulus, Say Analysts

(Newser) - The lousy unemployment numbers released this week—and they're bound to get worse before they get better—cast the effectiveness of the Obama administration’s fiscal plans into doubt, analysts say. The stimulus package intended to “save or create” 3.5 million jobs now has to keep up with...

Flower Shows
Wilt Under
Recession

Mar 7, 2009 6:30 AM CST

Flower Shows Wilt Under Recession

Hard times, changing tastes killing off lavish displays

(Newser) - The economic downturn and changing demographics are killing off flower shows across America, the New York Times reports. Sponsorship money is drooping and greenhouses are becoming costlier to heat. One of the most famous, the New England Flower Show, canceled this year’s event after 137 years of bringing an...

Recession to Unlock
Wave of Ex-Cons

glossies

Mar 7, 2009 4:54 AM CST

Recession to Unlock Wave of Ex-Cons

(Newser) - Thousands of prisoners around the country will have the recession to thank for setting them free, Ken Steir writes in Time. With California planning to release nearly 160,000 prisoners from under-funded, overcrowded prisons, and other states transferring drug convicts to rehab, the US is likely to see a wave...

Broader Jobless
Rate Near 15%

ANALYSIS

Mar 6, 2009 1:04 PM CST

Broader Jobless Rate Near 15%

Economy shedding jobs at fastest rate in 50 years

(Newser) - The February job numbers released today bring the country close to the employment nadir it reached in 1982, David Leonhardt writes for the New York Times. The 651,000 lost jobs, along with 161,000 added in revisions to previous months, still bring a depressing milestone: Since the start of...

Woes Won't
Sour Obama
Numbers ... Yet

ANALYSIS

Mar 5, 2009 3:05 PM CST

Woes Won't Sour Obama Numbers ... Yet

(Newser) - If Barack Obama is lucky, and the predictions of most economists indicate he will be, the US economy will emerge from recession long before the populace expects it to, Nate Silver writes on FiveThirtyEight. And “it will be quite some time yet before the public pins most of the...

Odds of a Depression? 1 in 5

ANALYSIS

Mar 4, 2009 7:15 AM CST

Odds of a Depression? 1 in 5

Economist crunches historic stock-market data to gauge the chances of depression

(Newser) - The bad news is that this recession is likely to be America's worst since WWII—but the good news is there's only a 20% chance it will become a depression, Robert Barro writes in the Wall Street Journal. The Harvard economist crunched numbers from 251 stock-market crashes in 34 countries...

Recession: Tastes Like Chicken

Mar 3, 2009 12:56 PM CST

Recession: Tastes Like Chicken

(Newser) - The recession has consumers foregoing pricey beef and pork for cheaper chicken, the chairman of grocery chain Safeway tells Bloomberg. “We’re seeing more shifts in the meat category to cheaper meats—ground beef and chicken—than we saw earlier in the year,” Steven Burd says, part of...

Budget Cuts
Threaten
Silverman
Show

Mar 2, 2009 9:59 AM CST

Budget Cuts Threaten Silverman Show

Exec producers, network in talks

(Newser) - Executive producers of Sarah Silverman’s Comedy Central series are threatening to can the third season due to budget cuts, according to the Hollywood Reporter. The network slashed the budget by more than 20%, and producers—including Silverman—aren’t sure the show’s integrity can be maintained at $850,...

Leaders Warn
of Economic
'Iron Curtain'

Mar 2, 2009 7:25 AM CST

Leaders Warn of Economic 'Iron Curtain'

Eastern Europe melts down, but Western leaders refuse bailout

(Newser) - EU leaders meeting in Brussels yesterday rejected a Hungarian-led effort to bail out the faltering economies of Eastern Europe, leading to apocalyptic warnings of an economic "Iron Curtain," with millions of unemployed workers heading west. Countries from the Baltic states to Poland and Romania have seen their once-booming...

Think You've
Got it Bad?
Try Being a Horse

Mar 1, 2009 12:50 PM CST

Think You've Got it Bad? Try Being a Horse

Economy woes spur owners to abandon their steeds

(Newser) - Humans aren't the only ones hurt by recession, as hundreds of thousands of horses could attest. While more owners are abandoning their steeds as the costs become a burden, fewer people are able to help fund horse rescue centers, reports the New York Times. The result has been some 100,...