News

Recession Briefing 7.28

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

As he deals with the economic crisis and the woes of other homeowners, Treasury Secretary Tim Geithner is also having trouble selling his own house. (ABC News)

Many Americans are being forced by economic necessity to open up their homes and share living space. (Boston Globe)

Many middle-class people are asking themselves unfamiliar questions about welfare and food stamps for the first time, after being abruptly laid off, losing their health insurance and struggling to pay their bills. (New York Times/City Room)

What makes the current recession so bad? Other downturns have been more painful by some measures, but none since World War II has delivered so many severe blows to the economy at the same time. (Wall Street Journal)

The environment won a temporary reprieve in the recession as Americans slammed the brakes on one of their favorite pastimes: consuming stuff. (Reuters)

The number of suicides in Japan increased by 4.2 percent during the first half of this year from the same period a year earlier. Economic woes historically herald an increase in people killing themselves in Japan. (Bloomberg)

Cash-strapped older Americans are racking up credit card debt faster than other consumers amid dwindling retirement portfolios and rising medical costs. (USA Today)

The newest faces of the economic crisis are those of the increasing number of children born homeless. (Chicago Tribune)

Recent figures in the U.K. suggest the public’s appetite for giving to charities has not diminished during the downturn. (BBC)

More people in Michigan are fishing in order to put food on their tables. (Michigan Messenger)

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

Tags: debt, economy, News, philanthropy, real estate, Tim Geithner