Recession Briefing 6.29

What Women Really Think
June 29 2009 10:12 AM

Recession Briefing 6.29

Just as many children of the Great Depression learned to hoard money in their houses, today’s children will develop financial habits based on what they learn from parents coping with the recession . ( Chicago Tribune )

With nearly one of 10 U.S. workers unable to land a job in the current economic conditions, some unemployed cubicle warriors with sudden free time are succumbing to wanderlust. ( USA Today )


The recession is causing some unhappy couples to rethink their marital situation, since a costly divorce would only further deplete already-shrunken assets. ( Wall Street Journal )

Five U.S. banks with total assets of about $1.04 billion were seized by regulators Friday, pushing this year’s tally of failures to 45 as a recession drives up unemployment and home foreclosures. ( Bloomberg )

We’re not undergoing one uniform recession nationwide . The effects on our 100 largest metropolitan areas have ranged from glancing blow to body slam. ( Los Angeles Times ) That’s why you may not be feeling the recession–or the recovery. ( Recessionwire )

The total number of rich people is back down to levels not seen since 2005. But  a coming boom in emerging market billionaires, led not surprisingly by the Chinese, is expected to kick those numbers up again quickly.  ( Newsweek )

Bernie Madoff, the man behind the biggest Ponzi scheme ever, will find out this morning how many years he will spend behind bars. ( MSN Money )

General Electric, the world’s largest industrial company, has quietly become the biggest beneficiary of one of the government’s key rescue programs for banks. ( Washington Post )

The administration portrays its mortgage program as a crucial piece of its broader effort to restore vigor to the economy. Yet in the four months since the Treasury Department announced the program, millions of new homeowners have slipped into delinquency and foreclosure. ( New York Times )

More struggling cities are canceling plans for fireworks on the 4th of July. ( Los Angeles Times )


Medical Examiner

Here’s Where We Stand With Ebola

Even experienced international disaster responders are shocked at how bad it’s gotten.

Why Are Lighter-Skinned Latinos and Asians More Likely to Vote Republican?

A Woman Who Escaped the Extreme Babymaking Christian Fundamentalism of Quiverfull

The XX Factor
Sept. 22 2014 12:29 PM A Woman Who Escaped the Extreme Babymaking Christian Fundamentalism of Quiverfull

Subprime Loans Are Back

And believe it or not, that’s a good thing.

It Is Very Stupid to Compare Hope Solo to Ray Rice

Building a Better Workplace

In Defense of HR

Startups and small businesses shouldn’t skip over a human resources department.

How Ted Cruz and Scott Brown Misunderstand What It Means to Be an American Citizen

Divestment Is Fine but Mostly Symbolic. There’s a Better Way for Universities to Fight Climate Change.

  News & Politics
Over There
Sept. 22 2014 1:29 PM “That’s Called Jim Crow” Philip Gourevitch on America’s hypocritical interventions in Africa.
Sept. 22 2014 5:38 PM Apple Won't Shut Down Beats Music After All (But Will Probably Rename It)
Dear Prudence
Sept. 22 2014 3:33 PM Killing With Kindness My in-laws want to throw me a get-well-from-cancer bash. There’s no way I can go.
  Double X
The XX Factor
Sept. 22 2014 7:43 PM Emma Watson Threatened With Nude Photo Leak for Speaking Out About Women's Equality
  Slate Plus
Slate Plus
Sept. 22 2014 1:52 PM Tell Us What You Think About Slate Plus Help us improve our new membership program.
Brow Beat
Sept. 22 2014 9:17 PM Trent Reznor’s Gone Girl Soundtrack Sounds Like an Eerie, Innovative Success
Future Tense
Sept. 22 2014 6:27 PM Should We All Be Learning How to Type in Virtual Reality?
  Health & Science
Sept. 22 2014 12:15 PM The Changing Face of Climate Change Will the leaders of the People’s Climate March now lead the movement?
Sports Nut
Sept. 18 2014 11:42 AM Grandmaster Clash One of the most amazing feats in chess history just happened, and no one noticed.