Recession Briefing 6.01

What Women Really Think
June 1 2009 10:08 AM

Recession Briefing 6.01

General Motors filed for Chapter 11 bankruptcy protection today as part of the Obama administration’s plan to shrink the automaker to a sustainable size. ( Associated Press )

Paul Krugman is blaming the recession on the economic policies begun in the early 1980s during the Reagan Administration. ( New York Times )


Hugo Lindgren talks to a wide variety of economic forecasters to try and determine whether the "downturnaround: is real. They didn’t agree on much.( New York Magazine )

Daniel Gross is relieved that the vacation home market has cratered . ( Slate )

Unemployment in the U.S. likely passed 9% in May , which is the most it has been in more than 25 years. ( Bloomberg )

Mortgage delinquencies have increased again , with the number of borrowers at least two months behind on their payments hitting 5.22%. ( Wall Street Journal )

It’s likely that the recession will change Americans’ credit card habits , as spooked consumers cut back on borrowing. ( San Francisco Chronicle )

The recession is taking a toll on Americans’ mental health. Even people in relatively secure positions are feeling stress about their losing their homes and jobs. ( San Francisco Chronicle )

The recession has struck museums and performing-arts groups with a vengeance. Endowments have shrunk everywhere, and sizable budget cuts have been the rule at museums across the country. ( Time )

Flea markets and swap meets in California have been drawing increasingly larger crowds during the recession as consumers try tighten their belts and hunt for bargains. ( Los Angeles Times )


Medical Examiner

The Most Terrifying Thing About Ebola 

The disease threatens humanity by preying on humanity.

I Bought the Huge iPhone. I’m Already Thinking of Returning It.

Scotland Is Just the Beginning. Expect More Political Earthquakes in Europe.

Students Aren’t Going to College Football Games as Much Anymore

And schools are getting worried.

Two Damn Good, Very Different Movies About Soldiers Returning From War

The XX Factor

Lifetime Didn’t Think the Steubenville Rape Case Was Dramatic Enough

So they added a little self-immolation.


Blacks Don’t Have a Corporal Punishment Problem

Americans do. But when blacks exhibit the same behaviors as others, it becomes part of a greater black pathology. 

Why a Sketch of Chelsea Manning Is Stirring Up Controversy

How Worried Should Poland, the Baltic States, and Georgia Be About a Russian Invasion?

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