recession

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Backyard Chickens Ruffle Neighbors' Feathers

Low-cost organic egg dispenser, or messy nuisance?

(Newser) - Backyard chickens have polarized the city council of Salem, Ore., as residents argue over whether to legalize keeping the birds in home coops, the Wall Street Journal reports. It’s one of several such disputes around the US, with some extolling the virtues of a source of free eggs and...

Desperate in July, Sears Looks to Santa for Bailout

(Newser) - Sears is taking the “Christmas in July” trope to a whole new level. With June retail sales tumbling, the company is looking for a boost by selling actual Christmas products, Time reports. Soon, 372 Sears stores will roll out displays hawking tree ornaments, stocking stuffers, and other decidedly off-season...

In Recession, Vegas Eateries Can't Beat Odds

(Newser) - Just a year ago, 25% of the country's highest-grossing restaurants were in Las Vegas—where diners ran up $15,000 checks and tipped waiters with wads of C-notes. But now restaurants are closing, new construction languishes half-finished, and more than 5,000 food industry workers have lost their jobs. "...

Obama: Expect Jobless Rate to Rise Further

Hiring 'typically lags' after recovery begins

(Newser) - President Obama expects unemployment to continue to “tick up” for a few months, Reuters reports. “We have seen some stabilization in the financial markets, and that’s good, because that means that companies can borrow and banks are starting to lend again,” he said today. But “...

Colleges Hope to Cash In on Naming Rights for Classes

Hope corporate funds can save programs

(Newser) - With schools hit hard by the recession, some are considering new ways to pull in cash. One idea: corporate sponsorship for classes, Time reports. City College of San Francisco may sell naming rights to 800 classes that might otherwise disappear. College officials have mixed feelings, with some put off but...

Prepared Food Aisle Is the New Restaurant

Restaurants take hit as customers opt for cheaper grub

(Newser) - Cash-conscious consumers who’d rather not cook are increasingly ditching restaurant dinners in favor of grocery stores’ prepared meals, the San Diego Union-Tribune reports. At some stores, prepared-food sales have jumped 7% to 10%, says an industry consultant. For their part, supermarkets are hawking a bigger and better selection of...

Deficit Tops $1T for First Time
 Deficit Tops $1T for First Time 

Deficit Tops $1T for First Time

(Newser) - Nine months into the fiscal year, the federal deficit has topped $1 trillion for the first time. The imbalance is intensifying fears about higher interest rates and inflation; there's also concern about trying to reverse the deficit—by reducing government spending or raising taxes—in the midst of a harsh...

Recession's Silver Lining: We're Content With Less

(Newser) - Americans are embracing the no-frills attitude necessitated by the recession, USA Today reports. One-third say they are spending less and plan to keep up the practice as their “new, normal” way of living, according to a study. A whopping 47% of Americans say they have all they need, another...

Recession Puts Brakes on Divorces
Recession
Puts Brakes
on Divorces

Recession Puts Brakes on Divorces

Would-be exes stay under one roof to avoid real estate losses

(Newser) - A lot of unhappy couples are staying together—or at least staying under one roof—thanks to the recession, the Wall Street Journal reports. Many would-be exes are putting off breakups, unwilling to sell their houses in a down market or unable to afford new ones. Some even continue to...

Recession Cuts Into Prison Sentences

States opt for cheaper routes to justice

(Newser) - With the recession squeezing their finances, many states are opting to cut the high costs surrounding incarceration—meaning fewer criminals are heading to jail and prison, and more are getting out earlier, the Washington Post reports. Some states are sending drug offenders and drunk drivers to special courts that allow...

Chicago Paper's 'Profit' Model? Reader Donations

Independent Chicago paper is way ahead of its time

(Newser) - As media outlets struggle to find ways to become profitable again, “the Chi-Town Daily News is way ahead of its time,” writes Foster Kamer for Gawker. A recent article ended with a message asking for reader donations to recoup the $726 it cost to run. “Yes, they...

Paralyzed Dems Ignore Slow-Burn Crises: Krugman

(Newser) - When the economic crisis turned terrifying last winter, Washington finally got its act together and passed a massive stimulus package. But now, writes New York Times columnist Paul Krugman, the US faces a slower but more dangerous "jobless recovery" over the next few years and an "utterly terrifying"...

Obama: Time to Rebuild Stronger Than Ever

President confident that nation will emerge from recession better than before

(Newser) - Fresh off a whirlwind world tour, President Obama is turning his attention once again to his domestic agenda. In a Washington Post editorial, Obama says his administration’s “swift and aggression action has helped pull our financial system and our economy back from the brink.” But the president...

Obama: No 2nd Stimulus
 Obama: No 2nd Stimulus 

Obama: No 2nd Stimulus

(Newser) - President Obama dismissed the idea the nation needs a second stimulus to jolt the economy out of recession in his radio address today, and urged Americans to be patient with his recovery plan. Faced with rising unemployment numbers and criticism from Republicans who have already labeled the $787 billion injection...

Recession Delivers Double Whammy to Legal Aid Offices

(Newser) - The recession has crippled funding for legal aid even as it has bumped up the number of people requesting representation, McClatchy reports. Though the federal government ramped up spending this year—and plans an even bigger increase for 2010—state funding and private donations have cratered, forcing legal aid to...

Bruni to G8: Don't Let Recession Kill AIDS Funding

We've made progress—now don't let economy destroy it

(Newser) - Carla Bruni-Sarkozy gets in the op-ed game today, urging G8 leaders who are converging on L’Aquila, Italy, to continue the commitment their predecessors made 8 years ago to fighting HIV/AIDS in Africa. The earlier initiative helped the Global Fund to Fight Aids, Tuberculosis and Malaria save some 4 million...

While US Dallies, France Spends Its Stimulus

(Newser) - France has a reputation for stifling bureaucracy and long vacations, but when it comes to stimulus spending, the country is racing ahead of the US. This summer, workers are completing massive renovation projects not just for roads and rails, but to museums and cathedrals, and royal palaces. According to the...

Recession Sparks Dating Boom
 Recession Sparks Dating Boom 

Recession Sparks Dating Boom

(Newser) - Interest in online matchmaking and dating events is up as recession-plagued singles seek stability, the AP reports. OkCupid.com and eHarmony.com both report huge spikes in membership, and attendance at Chicago’s Nerds at Heart has doubled. "With such a tenuous climate right now, I think people are...

Hell's Kitchen Chef Sees Profits Fry

Ramsay pours millions into failing biz, admits 'ambition overtook me'

(Newser) - Burned by plunging profits after a year of dizzying expansion, Hell’s Kitchen star Gordon Ramsay admits he bit off more than he could chew. Profits at Gordon Ramsay Holdings, which the fiery chef co-owns with his father-in-law, have dropped 90%, forcing the pair to pour more than $8 million...

Top 5 States of Confusion
 Top 5 States of Confusion 
OPINION

Top 5 States of Confusion

(Newser) - It’s not easy being an elected official in a time of crisis, but a select few governors are having a particularly tough time. And some of them are even trying to get reelected. Politico looks at the 5 worst-off states:
  • California: No surprise here. The state's issuing of IOUs
...

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