Recession Briefing: Museums Benefit from Downturn (Sort Of)

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

Many museums across the country saw a spike in visitors during the economic slump last year, even as they experienced increasing financial stress, according to results of a study released Thursday. (Associated Press)

One thing employment-services firm Manpower has got better at during the recession is figuring out quickly which job-hunters can be helped, and which to send elsewhere rather than risk leading them on. (Economist)

It cost more than $500,000 in stimulus funds to create a single highway construction job, largely because of building materials, an analysis of stimulus reports shows. Education aid and research funding are among the cheapest ways of creating or saving jobs at less than $60,000 each, the analysis shows.( USA Today)…

Hedge Fund Husbands or Married to the Mob?

There has been some serious financial meshugas as of late, has there not? In short order, the bond rating agencies, banks, treasury, hedge funds, Federal Reserve and aggressively optimistic (and greedy) homeowners conspired to play Jenga with the house of cards that the American (world) economy was (is) perched upon. But it was really (says this guy) only a few Gordon Geckos that got us to this point. But what about their families?

When it comes time to pay the piper, Bernie Madoff’s family may not get off any easier than the Gottis got (though they may not land a spiky-haired reality TV gig). I read a good book once that said the sins of the father were visited on the son but made no mention of what the wife catches. Presumably, by hook or by crook, she visits whichever hell, heaven or purgatory that the husband earns.

Recession Briefing: 6.29

What you need to know today to survive and thrive in the recession.
Just as many children of the Great Depression learned to hoard money in their houses, today’s children will develop financial habits based on what they learn from parents coping with the recession. (Chicago Tribune)

With nearly one of 10 U.S. workers unable to land a job in the current economic conditions, some unemployed cubicle warriors with sudden free time are succumbing to wanderlust. (USA Today)

The recession is causing some unhappy couples to rethink their marital situation, since a costly divorce would only further deplete already-shrunken assets. (Wall Street Journal)