Recession Briefing 11.10: Home Invaders Curbed

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

One of the few bright spots of the recession: The number of home burglaries is falling in some cities and towns. “With a lot more unemployed people, a lot more people are staying home, and they see more in their neighborhood,” said St. Louis County Sgt. Thomas Lasater. (Associated Press)

One bright spot of Friday’s gloomy jobs report was the surge in temporary hires. Companies are hiring more temps with plans to convert them into full-time workers if economic conditions improve. (Wall Street Journal)

The Dow gained more than 53 percent from its March trough while the S&P is up over 61 percent from its springtime low. That’s just not normal; it’s too much, too soon. (The Big Money)…

Recession Lexicon: Silver Crime

/n. Aggressive and potentially criminal backlash from the over-65 crowd angry about getting screwed by the economy. First used by a British newspaper to describe a group of German pensioners who ganged up on their financial adviser and picked up by the New York Times‘ Ben Schott. Of course, the seniors in question here lost some $3 million. State-side, there are conflicting reports on whether seniors are more vulnerable to layoffs or in fact less, since they are experienced, reliable workers.

Ex. No, Grandpa isn’t coming to Christmas this year—he was arrested for a silver crime, shaking down his broker…

Recovery Applies to AIG Stock, Too

The top executives of embattled insurance giant AIG are getting grilled this morning in Washington. And apparently, the market thinks that’s a good thing. U.S. stocks opened down this morning—at last check the Dow had declined 1.3 percent. But at last check (11:45) AIG’s stock had bounced up nearly 44 percent.

What gives? We know Barney Frank is planning to ask for the names of employees who received $165 million in bonuses…