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Recession Briefing 7.14
What you need to know today to survive and thrive in the recession.
In Japan, even robots are starting to feel the effects of the recession. (New York Times)
Is the recession bad for your health? A recent study from Yale University found that job losses can make the fat fatter and the drinkers drunkards. (Wall Street Journal)
U.S. Treasury Secretary Tim Geithner says that the American and world economies will be out of the recession in a matter of months. (Telegraph)
Mort Zuckerman: The economy is even worse than you think. (Wall Street Journal)
Eliot Spitzer gives his prescription for how to save reeling state governments. (Slate)
The Obama Administration is mulling new ways to delay foreclosure for jobless homeowners who are unable to keep up with monthly payments. (Reuters)
Recessions, like bullies, always pick on the weak, but few victims feel more beaten down these days than the millions of Americans with family businesses. (New York Times)
Scam Alert: How to watch out for job offers that are too good to be true. (CNN/Money)
From Indiana rental units to a Colorado energy company and workers’ paychecks everywhere, the stimulus is just beginning to make itself felt. (USA Today)
With Americans saving more, spending less and trimming debt, a poll says they are becoming less stressed about their economic futures. (Associated Press)
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2 comments for “Recession Briefing 7.14”
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I think Tim Geithner has rose tinted glasses on and is overly optimistic. From this side of the Atlantic, conflicting reports about when the recession will bottom out are appearing almost daily. I’ll believe it when my house’s resale value ups itself by 35%. Most beleivable prediction I hear for this to occur is 2nd half 2010.
But I fear the relief we the unemployed will feel and benefit by from an easing of the recession will take months to filter through.
Well, let’s just say I expect nothing to change for a long while. If it does, all well and good. If nothing changes all unwell and same ‘ol same ‘ol.
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