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Recession Briefing 10.06: Family Businesses Close, Sadly

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

After months of slow sales, many family businesses are being forced to close, ending legacies and leaving behind a wake of sad customers and loyal employees. (Wall Street Journal)

As the recession grinds on, more students are choosing to attend community colleges. Sky-rocketing university tuition, along with more reluctance to take on huge loans has spurred students to reconsider an alternative they once dismissed. (Boston Herald)

The adult entertainment industry certainly hasn’t been in freefall like the auto manufacturers, but it has felt the pinch of consumers with shallower pockets than they once had. Many agree the multibillion dollar industry is finding it harder to sell s_x. (CNN)

How to rebuild an investment portfolio after the recession’s hit. (USA Today)

Does President Obama understand the gravity of the employment crisis facing the country? “The signals coming out of the White House have not been encouraging,” writes Bob Herbert. (New York Times)

One year after the global economy went into a tailspin, many economists are wondering whether Chinese consumers, once a thrifty lot, will lead the world out of the recession. (Washington Post)

For people in their 20s and 30s who have a good job and feel it’s secure, this is the best of times. They’re positioned to invest at prices no one would have believed during the boom years. (Associated Press)

The recession has moms shying away from discretionary purchases. To win their holiday business this year, merchants must convince women with children that any potential holiday gifts are necessary to their lives. (Boston Globe)

Law firm and law school leaders say that the recession and events leading up to it have permanently changed the way business is done in the legal industry. (American Lawyer)

After months of complaints by European dairy farmers angry over low prices, protesters in Brussels on Monday poured milk onto the streets, hurled eggs and other missiles, and started fires that filled the air with black smoke. (New York Times)

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