News

Recession Briefing 7.15

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

More than half of executive-level job seekers think the recession has been good for their children, as a lesson that opportunity will not be handed to them. (Reuters)

Buoyed by some positive forecasts, Daniel Gross is ready to call an end to this whole recession thing. (Slate)

Marion Maneker wonders whether our culture of narcissism unleashed the boom — and thus the recession. (The Big Money)

A new survey from Zagat finds that New Yorkers are cooking at home more as a result of the recession. A similar survey in the U.K. found the amount that Brits spent eating out had dropped for the first time in 40 years. (New York Daily News, Times of London)

Love at all costs?: Japan’s so-called “love hotels” are proving relatively immune to the recession. (BBC)

The recession is keeping some older workers on the job beyond the time they intended to retire. (Philadelphia Inquirer)

President Obama made clear yesterday he expects unemployment to keep worsening for a while as hiring lags behind other signs of economic recovery. (Associated Press)

To take advantage of the shift in consumer behaviors and thrive in the new, post-recession economy, Kimberley Palmer suggests you consider making these 10 changes. (U.S. News & World Report)

Many homeowners with higher-price loans don’t qualify for mortgage modifications under the Obama plan, and can’t refinance to get lower rates even if the owner is struggling. (USA Today)

The 5,000 auto-parts suppliers across the country are struggling to survive in the aftermath of the massive downturn. 600 suppliers could go under over the next two years. (Washington Post)

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