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Recession Briefing 3.18

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

Treasury Secretary Timothy Geithner is vowing to recoup the hundreds of millions of dollars in bonuses awarded to AIG employees after the company took government assistance. (Bloomberg)

Consumer prices were up last month for the biggest monthly gain since July — led by higher prices for gasoline and apparel — calming fears of deflation. (New York Times)

The International Monetary Fund says that the recession is likely to last the longest in the U.K., with negative growth lasting through 2010. (Evening Standard)

Andrew Sullivan points to the fact that sales of romance novels are up as a recession indicator. (The Atlantic)

Some indicators are giving hope that the rate of the recession is slowing and that the economy has finally nearing a bottom. (Christian Science Monitor)

An unemployed person in this recession will remain jobless for, on average, about five months, and competition for the few available jobs is rough. That’s why networking — not job boards — may be the key to finding new employment. (Slate)

The recently enacted economic-stimulus law contains an unusually attractive new tax break for many homebuyers — if they can only figure out how it works.  (Wall Street Journal)

With houses inside the city selling for an average of $7,000, investors are finding real estate gold in Detroit. (CNN/Money)

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