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Recession Briefing 4.14

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

Six months after taking a $10 billion bailout from the government, Goldman Sachs has posted a profit and is hoping to return the money — not least in order to escape heightened government scrutiny. (New York Times)

White House economic adviser Christina Romer expects that there will be more job losses in the coming months. Still, officials are detecting “small little signs that maybe some parts of the economy are stabilizing.” (Associated Press)

With the recession digging deep into Americans’ pockets, there is likely to be a large upswing in the number of first-time delinquent taxpayers. (Reuters)

Prices paid to U.S. producers fell unexpectedly in March after two months of gains, indicating the recession is keeping inflation under control. (Bloomberg)

More than 20,000 securities industry workers in New York have lost their jobs in the recession, and 30,000 more could be laid off over the next two years. Fearing a brain drain, the city is planning to spend $45 million to turn former Wall Street bankers into entrepreneurs. (Crain’s New York Business)

So you’ve been unemployed for six months in an ever-contracting economy. Should you just take any job you’re offered? (Fortune)

Bankruptcy filings among businesses and individuals are rising rapidly, despite a law designed to help prevent them. Last month, 130,831 debtors sought bankruptcy protection — an increase of 46 percent over March 2008 and 81 percent over the same month in 2007. (Associated Press)

Unsurprisingly, business school students aren’t finding as many lucrative  job opportunities as usual waiting for them after graduation. (Breakingviews.com via CNN/Money)

An analysis of the TARP funds that have been distributed finds that the Obama Administration still has hundreds of billions of dollars worth of wiggle room for future bailouts. (Forbes)

Even though women are more than holding their own in terms of staying employed during the recession, their gains are not reflected in leadership positions, writes Rod Schrader (Huffington Post)

If you come across a good article or blog post about the recession pass it on.

Tags: bailout, bankruptcy, business, economy, Goldman Sachs, Recession Briefing, taxes, White House