Recession Briefing 6.11

What Women Really Think
June 11 2009 12:19 PM

Recession Briefing 6.11

Many strip clubs are shedding their upscale trappings and catering to a thriftier clientele by offering less expensive drinks and waiving cover charges. ( Wall Street Journal )

A Florida man has turned a 77-square-foot closet into his home, thus reducing his rent to $150 per month. ( WPTV )

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The Undies Indicator: During a recession, men’s underwear is among the first things that people stop buying. When underwear sales increase, it should signal an uptick in consumer demand. ( CNBC )

Upscale jeweler Tiffany is finding more jewelry buyers trying to bargain in its stores , even though it has a firm policy that it will not cut prices. ( Reuters )

Intern Nation: American workers are better educated than ever - yet increasing numbers are accepting nonwage work. ( The Big Money )

The ongoing economic downturn is proving to be a boom for fraudsters who offer financial services, collect upfront payments for them and then don’t deliver. ( Forbes )

New data indicates that the recession is likely to end in September , with a mild recovery starting in October. See more recession-end predictions on Recessionwire . ( USA Today )

HSBC Insurance said a tenth of all people have stopped paying into their pension accounts as a result of the global financial downturn. ( Reuters )

Many House lawmakers lost money last year and several held large investments in financial-services firms and auto makers that turned to the federal government for financial help . ( Wall Street Journal )

Foreclosure filings fell 6% in May compared with the previous month , but they were still up 18% year-over-year. ( Washington Post )

TODAY IN SLATE

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.

Global Marches Demand Action on Climate Change

Politics

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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