Recession Briefing: Outlook Bleak for Long-Term Unemployed

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

Economists fear that the nascent recovery will leave more people behind than in past recessions, failing to create jobs in sufficient numbers to absorb the record-setting ranks of the long-term unemployed. (New York Times)

Bernard Madoff’s top lieutenant may get “extraordinary” leniency from prosecutors for his help in unraveling the largest Ponzi scheme on record. In a letter released on Friday, federal prosecutors in New York praised the efforts of Madoff associate Frank DiPascali in providing “substantial assistance to the government in its investigation and prosecution of others.” (Reuters)

Both domestic mobility and immigration were sharply down in 2007 to 2009 from the levels recorded during most of the decade. (The American)…

Recession Briefing: Relationship Rockiness

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

Money doesn’t buy love and it doesn’t buy happiness, as we should all know by now. But money woes can certainly cause problems for couples, especially during the economic downturn. The bottom line: It’s complicated. (New York Times/City Room)

The Great Recession may be over, but this era of high joblessness is probably just beginning. Ultimately, it is likely to warp our politics, our culture, and the character of our society for years to come. (The Atlantic)

Finding a job got much tougher last year, as the number of available openings fell by nearly one quarter. At the same time, the unemployed population soared by more than one-third, leaving more laid-off workers competing for fewer jobs. (Associated Press)…

Recession Obsession: Economy Bites

We’re enjoying a new web show, Economy Bites, that just hit our radar screen. Created just last year in the heart of the recession, it’s dedicated to making cooking cheap and easy — perfect for those of us who have less money without out jobs or less time because we’re working so hard to stay employed.

Hosted by Texas native Allie Schwartz, the show’s motto is, “Cook on Sunday, eat til Thursday.” It’s not exactly gourmand fare. If the Food Network is steamy, glistening food porn, then Economy Bites is amateur food porn…

Recession Briefing: Did Wall Street Really Cause the Crisis?

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

Satisfying as it can be to stick it to the Wall Street, and especially the traders on Wall Street who are the most avid consumers of $500 bottles of champagne, as a response to the financial crisis, they aren’t really the ones who caused it, writes Mark Gimein. (The Big Money)

Unemployment rates rose in 43 states last month, the government said Friday, painting a bleak picture of the job market and illustrating nationwide data released two weeks ago. (Associated Press)

If the revival of Depression-era drinks has begun to hit a little too close to home — not to mention the wallet — take heart. High-end cocktail bars, ones that ordinarily serve 1930s favorites like Ramos Gin Fizzes and Singapore Slings for as much as $18, are offering drink deals that speak to contemporary economic concerns. (Liquor.com)…

Nine Secrets for Economical Eating in Europe

With airlines offering downturn flight deals, it’s hard to resist the temptation to splurge on that European vacation—especially if you received a nice severance package to go along with your layoff.

But for the food lover, eating your way through Europe can cost a pretty penny and a half. (Start thinking about exchange rates now.) Fortunately, the recession traveler can enjoy fine cuisine on a dime by learning the European secrets of economical eating.

1. Discover the Axis of Pastry

While some other regions of the world are home to less tasty elements, Europe has the glorious Axis of Pastry: France, Italy and Austria. Sweets are not only cheap, they are downright divine. In cities where the cafés are as ornate as neighboring Baroque churches, enjoy the confections while admiring the Murano chandeliers. Skip the expensive coffee at…

Unemployment-Friendly Gifts: The Host/Hostess

Just because you’ve been laid off doesn’t mean you feel good laying off on giving. We’ve come up with a list of thoughtful, unique and inexpensive gifts for every friend and family member.

Hostess: Homemade Fudge
Hopefully you’ve got plenty of holiday parties that will take your mind off of the job situation for an hour or two. Instead of buying a bottle of wine for each, consider whipping up a few batches of fudge, using the easy Baker’s Chocolate recipe available here…

Recession Briefing 12.11: McDonald’s Gets More Wallet-Friendly

McDonald’s is adding more dollar items to its breakfast menu, in an effort to jump-start sales that have been hit by the high jobless rate. (Reuters)

The Obama administration is proposing creating a new TARP program that gives banks access to government money without restrictions—as long as they use it to make loans to small businesses. (Washington Post)

Some businesses have been forced to close in Lake Oswego, Ore., but there has also been a small boom in new businesses thanks to the downturn. (The Oregonian)…

Recession Briefing 12.4: Even Restaurants Are Swapping Services

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

As they struggle to keep customers and pay the monthly bills, some restaurants are swapping food for services like oven-hood cleaning and pest control. (Wall Street Journal)

The United States economy shed 11,000 jobs in November, and the unemployment rate fell to 10 percent, down from 10.2 percent in October, the Labor Department said Friday. (New York Times)

Laid-off workers seeking unemployment benefits today are almost twice as likely as their counterparts during the recession of the 1980s to be accused of misconduct by their former employers. (Huffington Post)…

Recession Briefing 12.3: Families Going Rural

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

The recession is inspiring more young families and singles to head back to the country. Sometimes dubbed “ruralpolitans,” these city and town dwellers are looking at land as their new safe investment. (Wall Street Journal)

Some companies are banding together to save money by having group holiday parties. (New York Times)

Some 60 million adult Americans live without a bank account or use pawn shops and other non-bank operations to handle their finances, according to an FDIC report that called for an expansion of basic services to the “underbanked”. (Financial Times)

Recession Briefing 12.2: Downturn Breeds Vegetarians

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

More than half of Americans have cut back on meat, many becoming “recession-bred flexitarians,” says Gourmet magazine—people who use meat as a condiment not as a meal anchor. And even Martha Stewart broadcast a vegetarian Thanksgiving show last week. (AlterNet)

Climbing interest rates, lower spending limits and canceled accounts are prompting more holiday shoppers to leave their credit cards at home this year. (Wall Street Journal)

The wobbly economy is contributing to a rush by millions of online shoppers to a decidedly low-tech business: coupons. (USA Today)…