News

Recession Briefing 7.10

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

The number of people setting up their own households has fallen to some of the lowest levels in a generation, a trend that threatens to prolong the recession. (Washington Post)

A “mancession” is a recession that hurts men much more than women — and we are allegedly in the worst mancession in recent history. (The Atlantic)

Families and business owners all over the country are collecting money to keep open public pools that their cities can’t afford. (Associated Press)

Across Mexico, desperation is increasing among the millions of families who depend on money sent home by relatives in the United States. Those money transfers dropper 20% in May compared to the previous year, (USA Today)

God and the Recession: The housing-crisis fallout is full of victims who ought to be a clarion call for Prosperity Gospel’s out-of-touch-ness, writes Clint Rainey. (Slate)

According to economists polled in a new survey, the U.S. economy will expand faster than previously forecast in the second half of this year and in 2010. (Bloomberg)

Thanks to the financial crisis many people will have to reconsider the inheritance they’ll leave behind. (Wall Street Journal)

The number of Americans filing initial unemployment claims fell sharply last week, while those filing ongoing claims rose to another all-time high. (CNN/Money)

Dante Chinni considers how the recession will remake the fabric of American communities. (Christian Science Monitor)

The art of snapping up foreclosed homes on the cheap. (Boston Herald)

If you come across a good article or blog post about the recession pass it on. To receive Recession Briefing in your inbox, subscribe to our daily email.

Tags: community, The Unemployed Life