Recession Briefing 8.6

Recession Briefing 8.6

Recession Briefing 8.6

The XX Factor
What Women Really Think
Aug. 6 2009 10:23 AM

Recession Briefing 8.6

Are bars and restaurants hiring hotter servers as a result of the recession? Hugo Lindgren thinks so. ( New York )

As idle workers fill coffee-shop tables and as shop owners struggle to stay in business, a decade-old love affair between coffee shops and laptop-wielding customers is fading . ( Wall Street Journal )

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A government report says a middle-income family with a child born last year will spend about $221,000 raising that child through age 17 . ( Associated Press )

While construction workers have been hit hard by the recession, the people who make sure existing homes run smoothly - plumbers, electricians and the like - say they are still finding work, albeit not as much as in the good times. ( New York Times )

The percentage of U.S. homeowners who owe more than their house is worth will nearly double to 48 percent in 2011 from 26 percent at the end of March. ( Associated Press )

The rate of homeownership is forecast to keep tumbling in the next decade to lows not seen since the 1980s , a trend that could redefine a key element of the American dream even after the housing market recovers. ( USA Today )

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The government says the number of newly-laid off workers seeking unemployment insurance fell last week , even as the number of laid-off workers continuing to claim benefits rose. ( Associated Press )

While they’re still way out of range of the average joe, lavish apartments are selling at steep discounts for people with a few million - or more - to spare. ( ABC News )

The days of cataclysmic layoffs may be waning, but companies are still cutting every position they can spare . ( CNN/Money )

NYU professor Nouriel Roubini looks at whether there are bright spots to be found amid the global recession . ( Forbes )