Recession Briefing 9.21

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What Women Really Think
Sept. 21 2009 11:49 AM

Recession Briefing 9.21

Why drug dealers are the perfect gurus in a recession. ( Financial Times )

The recession has resulted in a "significant" fall in greenhouse gas emissions as manufacturing falls , according to a study by the International Energy Agency. ( Telegraph )

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The incomes of the young and middle-aged - especially men - have fallen off a cliff since 2000, leaving many age groups poorer than they were even in the 1970s , an analysis of new Census data found. ( USA Today )

Throughout the history of American commercial life, one cultural trait has tended to dominate: Americans are optimists. Will the recession cause them to reassess their hopeful worldview? ( New York Times )

Why haven’t any Wall Street tycoons been forced to swap their multi-million dollar jobs and custom-made suits for dishwashing and prison stripes, asks Kevin Hall. ( McClatchyDC )

With banks tightening their lending standards and credit card companies raising interest rates, borrowers are increasingly turning to an unusual source of money: other people. ( Washington Post )

Unable to find steady work, some Americans are ditching the straight life to hike the length of the Appalachian Trail. ( Wall Street Journal )

Forty-two states lost jobs last month, up from 29 in July , with the biggest net payroll cuts coming in Texas, Michigan, Georgia and Ohio ( USA Today )

If we can’t re-regulate more strongly to better protect public funds, the next crisis could be worse than the last one , write Peter Boone and Simon Johnson. ( New York Times )

Despite predictions the Great Recession is running out of steam, the House is taking up emergency legislation this week to help the millions of Americans who see no immediate end to their economic miseries . ( Associated Press )

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