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Recession Briefing 10.9: Rappers Not Recession-Proof!

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

The recession is even affecting rappers like Slim Thug, their hangers-on, and those that make their bling. “I haven’t sold a single diamond-encrusted glock in about two years.” (Daily Show)

As Harvard cuts back as a result of the recession, students no longer have hot breakfasts in their dorms and varsity athletes are no longer guarantees free sweat suits. (New York Times)

Airline delays at South Florida airports have eased during the recession because fewer people are traveling and fewer planes are flying. (Miami Herald)

The number of newly laid-off workers filing first-time claims for jobless benefits fell to the lowest level since early January, as layoffs ease a bit amid a fledgling economic recovery. (Los Angeles Times)

Unemployed Americans are four times more likely than those with jobs to report symptoms of severe mental illness, such as major depression, according to a new national survey. (U.S. News & World Report)

Senate Democrats said Thursday they have reached a deal to extend unemployment insurance benefits to the nearly 2 million jobless workers across the country who are in danger of running out of assistance by the end of the year. (Associated Press)

The recession has left a scorched landscape that will weigh on the labor market and the broader economy for years to come, according to economist. (Wall Street Journal)

New proposals to extend tax credits for first-time home buyers, and create a new credit for companies that add jobs look a lot like another economic stimulus package — though congressional leaders don’t want to call it that. (Associated Press)

For months, troubled homeowners seeking to lower their mortgage payments under a federal plan have complained about bureaucratic bungling, ceaseless frustration and confusion. On Thursday, the Obama administration declared that the $75 billion program is finally providing broad relief. (New York Times)

The Obama administration is facing rising pressure from some congressional Democrats to move more aggressively to jump-start the moribund job market and try to spur a housing recovery. (Washington Post)

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