Recession Briefing 4.13

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

GM has been told by the Treasury Department to lay the groundwork for a possible bankruptcy filing, despite the company’s claims that it can reorganize outside of court. (New York Times)

$80k for a year of not working? New York law firm Skadden, Arps, Slate, Meagher & Flom is offering some employees the possibility of taking a year off for one-third of their salary. (New York Times)

James Surowiecki looks at the strategies companies employ during a recession, and which are most likely to pay off. “Although deep pockets help in a downturn, recessions nonetheless create more opportunity for challengers, not less,” he writes. (The New Yorker)…

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