Recession Briefing 7.13

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

Nearly a quarter of the homes listed for sale in the U.S. have had at least one price reduction, with an average discount of 10% off the original asking price. (TIME)

“I don’t think the worst is over,” said Larry Summers, director of the National Economic Council. “It’s very likely that more jobs will be lost. It would not be surprising if GDP has not yet reached its low.” (Financial Times)

Katty Kay and Claire Shipman cite new research that says a healthy dose of estrogen may be the key not only to our fiscal recovery, but also to economic strength worldwide. (Washington Post)

The economic recession, with its associated decline in global commodity prices, has created an unexpected byproduct: Demand for recyclables has all but dried up. (The Daily Beast)