News

Recession Briefing 2.20

What you need to know today to survive and thrive in the recession.

Spring Training: Economic Boom or Bust? (Business Week)
Florida and Arizona, hard-hit by housing woes, need the money spring training brings, but this year corporate and tourist dollars are scarce.

5 Emerging Trends from the Recession (Brazen Careerist)
Among them: cost-consciousness, hating boomers and more sex.

Who’s Hit Worse, Rich or Poor? (Portfolio.com)
Felix Salmon: I’ve been wondering whether this is one of those unusual recessions where the rich get hit worse than the poor.

Wanted: Lousy Job, Low Pay (CNN Money)
Desperate for a job and willing to take almost anything with a paycheck? Take a number.

Some states to use stimulus to forestall layoffs (MSNBC)
The recession and its ruinous impact on state finances will be the premier topic of discussion as the nations’ governors gather in Washington this weekend for their annual winter meeting.

Slump hits Chines multinationals (BBC)
Nearly 70% of multinational companies in China plan to cut recruitment this year, and more than a quarter have laid off staff already, a survey suggests.

Anglo American to cut 9,000 jobs (BBC)
Mining companies have seen a dramatic turnaround in their fortunes as the downturn hits home.

Charities Now Seek Bankruptcy Protection (NY Times)
But in the last six months, nonprofit groups that include cultural institutions and social service agencies have filed to reorganize or liquidate themselves under the bankruptcy code.

How the Stimulus Money Will Flow (Business Week)
Obama’s plan relies heavily on states to dole out the dollars. That could slow and complicate some of the spending.

Opening Up About Being Unemployed (WSJ)
Once I was laid off, I knew it would be important to tell as many people as possible about my situation, not just my professional contacts. I needed to hit the ground running and bring as many people as possible into the fold.

Tags: economy, News