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Recession Briefing: 7.8
What you need to know today to survive and thrive in the recession.
Many of America’s high-end wineries are reeling from the economic downturn, as even wealthy drinkers slash spending on fine wines. (Wall Street Journal)
The recession is increasing the number of deaths from suicide, murder and heart attacks — but cutting the number of people killed in road accidents. (Financial Times)
The weak economy and a limp housing market have meant that many more people in this ordinarily footloose nation are staying put, unable to sell their homes, find a job, or just too uncertain about what the future may hold. (MSNBC)
Stimulus struggling: Five months after Congress approved a massive package of spending and tax cuts, the jobless rate is still climbing and the White House is scrambling to reassure an anxious public. (Washington Post)
Drivers are spending less time stuck in rush-hour traffic as high gas prices and the economic downturn force many Americans to change how they commute. (Associated Press)
The Treasury Department has assembled a team to examine what could yet bring the economy down and has identified several trouble spots in the lending industry. (Washington Post)
U.S. mortgage fraud reports jumped 36 percent last year, according to the FBI. (Reuters)
Officials with the National Council of La Raza and the NAACP say the recession is impacting African-American and Hispanic workers at a disproportionate rate. (Denver Business Journal)
Consumers aren’t buying — and as a result, they’re not buying the magazine Consumer Reports either. At least not as much as in previous years. (PaidContent)
A growing list of hard-hit communities across the country are lowering or suspending impact fees in the hope of spurring development. (Associated Press)
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