Sara Clemence

Recession Dictionary Entry 150/v. This word popped up on the Recessionwire-inspired contest that vocabularist Ben Schott held at the New York Times website last weekend. The “official” definition, offered by a reader who goes by Hotfrostins: Extreme networking driven by the fear of potential job loss…

jessica-porter-raandesk-gallery-200Provenance be damned. These days the most important thing for gallery owners to master is the art of survival.

The art market—like everything else—has been in contraction for more than a year. Galleries are closing, and many are struggling.

But Jessica L. Porter, owner of a small gallery in New York City, started her business in a recession-friendly fashion. And in the downturn, she has figured out a way to keep people buying art…

men women restroom sign 200A few weeks ago we wrote about the reasons we shouldn’t be crowing about the “mancession”—among them, single moms are hurting and women have less choice about their jobs.

A new survey by Decitica offers new evidence that women are worse off than men in the downturn. Sort of. The market strategy and research firm says that their poll of more than 1,000 people showed that “more women than men are depressed, scared, worried and stressed.”…

schotts vocab 200There have been some very smart and funny responses to the competition word maven Ben Schott has been holding this weekend at his New York Times blog. Inspired by Recessionwire’s Recession Lexicon, he asked readers to submit new, downturn-related words and phrases. Some of the early standouts are below. Thanks to Ben and his many fans!

grayoff: firing older workers to hire younger, cheaper labor in their place

cabeer: when one turns to alcohol to deal with a job loss they are starting a new cabeer…

Recession Dictionary Entry 150n./ Staycations are so 2008. This year, the trendy way to travel is vicariously, through other people’s adventures. Whether you’re unemployed and running out of savings or are working so hard to keep your job that you can’t take time off, it’s an easy way to save on airfare!

We heard this one from our friend…

mouse-and-money-150Every week, we post a handful of online deals hand-picked for Recessionwire readers by the nice people over at Savings.com. Feel free to pass them along to your friends. And if there’s something you’d like to see, let us know!

Hit Charlotte Russe for cute back-to-school (or inexpensive back-to-work) clothes, and get 15 percent off sitewide with a coupon. (Expires 9/2/09) One of our Recession Obsessions, Forever 21, is another great source of cheap chic…

cash4gold onion video 150The geniuses who brought us the $2 trillion bailout have a new plan for raising cash. Check out the video after the jump.

mark wagner petty cash 200What is art for? In the boom years, many people, if answering honestly, would have said art was status symbol, investment, an excuse for socializing (and social climbing) at art fairs and gallery openings from New York to Miami to Switzerland. During the boom, artists prospered instead of starving and even students got high prices for their work. Eight of the 10 most expensive paintings ever were sold between 2004 and 2008.

The art market has crashed along with everything else. We’re all thinking more about money–and we’re also thinking differently about it. Which may be shifting the spotlight to artists who have a more skeptical take on money, markets and capitalism than, say, Damien Hirst, the darling of the boom years who created a $100 million, diamond-encrusted skull. We’ve seen some impressive examples out there:

Hedge Fund is an eerie work by Gianni Monteleone, one of 12 artists that Robert Jain, head of Credit Suisse global proprietary trading, commissioned to create works inspired by Wall Street terminology…

Screwed: 500 at Boeing

by Sara Clemence on August 24, 2009 in News,Work

screws 150A daily roundup of the employment fallout around the country and the world.

Today’s total: 1,576

Boeing gave layoff notices to 500 workers Friday…Pennsylvania’s Department of Agriculture will cut 255 jobsNews Corp. is expected to let go 200 people from Star TV Asia in Hong Kong…UPS is laying off 200 workers in Ireland…Dutch semiconductor maker ASM is slashing 106 jobs by closing its Phoenix facility…Bashas’ grocery chain in Arizona is closing two stories and eliminating 102 positions….Greenheck in Wisconsin is giving 91 recalled employees a double-whammy, laying them off again

diamond-cut-big-200Turns out, diamonds aren’t quite forever. Tiffany has been hit hard by the recession, national chain Christian Bernard Jewelers shut down, and mining giant De Beers has slashed its workforce by 23 percent to cut costs.

A perfect time, thinks one company, to start expanding…