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Stories Tagged With Recession

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WTF

10 Pikks

Kid out of college passes on a $40,000 job

Rather than waste early years in dead-end work, he reasoned, he would hold out for a corporate position that would draw on his college training and put him, as he sees it, on the bottom rungs of a career ladder. “The conversation I’m going to have with my parents now that I’ve turned down this job is more of a concern to me than turning down the job,” he said.
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7 Pikks

Krugman: Not extending unemployment is heartless and clueless

The answer is that we’re facing a coalition of the heartless, the clueless and the confused. Nothing can be done about the first group, and probably not much about the second. But maybe it’s possible to clear up some of the confusion.
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1 comment (last by kapauldo)
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SAD

7 Pikks

The Return of the Multi-Generational Family Household

The multi-generational American family household is staging a comeback -- driven in part by the job losses and home foreclosures of recent years but more so by demographic changes that have been gathering steam for decades.
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MAD

SAD

4 Pikks

Lehman Hastened Its Own Bankruptcy, caused Great Recession

rather than working to prevent the collapse, senior Lehman executives, auditor Ernst & Young and other investment banks may actually have hastened it, according to a report in The Wall Street Journal.
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YES

NO

4 Pikks

Manufacturing, housing growth up - worst of the recession over?

Economic growth continued in January as manufacturing and housing activity ramped up, according to data released Wednesday, but top Federal Reserve officials projected at their meeting last month that high unemployment will persist.
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4 Pikks

Toyota Woes: Corporate Culture's Role in Epic Breakdown - TIME

How did the culture of openness - let's get it right! - transform into a culture of defending the brand against all defects? Or is the answer right there? Nobody's as good as they'd like to be perceived. When does honor become its opposite? Big moment in history, maybe . . . ?
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10 Pikks

Study says job satisfaction hits record low

Americans who are lucky enough to have work are becoming more unhappy with their jobs, according to a new survey.
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SAD

5 Pikks

Out of work America is getting fatter

"Eating healthy has been one of the big casualties of this economic downturn," said Harry Balzer, chief industry analyst at the NPD Group and author of the research company's annual Eating Patterns in America report. "Last year, consumers cut back on eating better-for-you and organic foods." The culprit is cost. About 70 percent of respondents to a recent Technomic Inc. survey said healthier foods are increasingly difficult to afford.
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5 Pikks

Judge erases Long Island couple's $525,000 debt

The judge blasted the bank for refusing to work with the couple and for apparently misleading him about the dollar amounts at stake in the case. He also lambasted the bank's treatment of the couple over months of hearings. Spinner said the bank "must be appropriately sanctioned so as to deter it from imposing further mortifying abuse."
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1 comment (last by bowlofsoup)
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8 Pikks

Why Dubai's Debt Matters

Without quick help from Abu Dhabi, creditors are likely to seek legal redress against defaulting Dubai government.
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7 Pikks

Housing crisis broadening

NEW YORK -- A new wave of foreclosures stands to hurt people who may have never taken out a mortgage: renters. In cities such as New York, Chicago and Los Angeles, where many investors are carrying upside-down mortgages on large rental buildings, some tenants are watching their homes fall apart along with the financing.
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5 Pikks

Why Is Mary Kay Thriving in China?

But plenty of U.S. brands have found China to be fertile ground, especially down-market brands that are able to position themselves as aspirational, premium (but not too premium), somewhat affordable products for China's vast and growing middle class. In America, interest in direct-selling tends to decline among higher-income consumers. But the experience of Mary Kay, the iconic, middle-American direct-sales cosmetics firm, proves that an American direct-sales firm with Chinese characteristics can do quite nicely.
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1 comment (last by pbgross1)
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