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Recession Briefing 11.18: Downturn Brings Out the Werewolves

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

Why are werewolves so hot right now? Bob Powers and Ritch Duncan believe that the plight of the werewolf reflects the American economic mood at the current moment. (Huffington Post)

A Canadian real estate company was the winning bidder for Detroit’s Silverdome, snatching it up for just $583,000. The 80,000-seat Silverdome was the biggest stadium in the National Football League when it was built in 1975 for $55.7 million. (CNN/Assignment Detroit)

Will the shared experience (in some cases, shared indirectly — through family and close friends) of the recession move public opinions so dramatically that we see fundamental change in the economy or society as a result? (San Francisco Chronicle)

President Barack Obama gave his sternest warning yet about the need to contain rising U.S. deficits, saying on Wednesday that if government debt were to pile up too much, it could lead to a double-dip recession. (Reuters)

Even using the administration’s claims of one million jobs “created or saved,” the stimulus program passed in early February is millions of jobs short of what a cheaper payroll tax suspension would have delivered, writes Michael Boskin. (Wall Street Journal)

Teenage employment has fallen sharply since July. The most recent minimum wage hike may be an important factor, writes Casey Mulligan. (New York Times/Economix)

Unemployment has hit migrant communities in the United States so hard that a startling new phenomenon has been detected: some down-and-out Mexican families are scraping together what they can to support their unemployed loved ones in the United States. (New York Times)

A Louisville manufacturer finds itself in the painful gap between the recession’s end and bringing back workers. (Washington Post)

While last year’s compensation fell 9 percent for CEOs at for-profit companies, their cousins in the charity world were making out quite nicely. Their salaries increased on average by more than 6 percent. (CBS News)

The recession is downsizing everything — even South Carolina’s Statehouse Christmas tree. This year’s tree is only 30-feet tall, and cost about half as much as last year’s tree. (Associated Press)

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