Economy
Front Page: US Unemployment Jumps to New High
- The US unemployment rate rose to 9.5 percent last month. That's the highest rate since August 1983. — New York Times
- Matt Lauer took a tour of the Neverland Ranch this morning on the Today Show.
Front Page: Bernie Madoff Sentenced to 150 Years in Prison
- A federal judge has given Bernie Madoff the maximum prison sentence of 150 years for his Ponzi scheme, following his apology and victims' requests for a life sentence. — CNN
- Grim information from Michael Jackson's autopsy report has leaked. — The Sun
- However, TMZ is reporting that the leaked report may actually be a fake.
Front Page: Economy, Marketing Spark Military Interest
- Major US military academies, such as West Point, have seen a significant rise in applications thanks to aggressive marketing, declining casualties in Iraq, and the recession. — New York Times
- Former President George W. Bush has broken his silence, criticizing Obama's policy on Guantanamo Bay and the economy.
What Do You Know About Strip Clubs and the Recession?
Strip clubs have seen a hit to profits thanks to the recession. Men still want to see naked women dance for them, but they have less money to spend on high-end perks like steak dinners and pricey cigars. The Wall Street Journal wrote a piece this week all about how the economy has impacted the live adult entertainment industry.
Word du Jour: Trustafarian
A trustafarian is someone who wants street cred by living in artsy, pre-gentrified (or recently gentrified) neighborhoods and who pretends to be struggling while secretly living off a trust fund.
It seems that the recession is taking a toll even on the trustafarians hipsters at Ground Zero for hipsterdom, the Williamsburg section of Brooklyn, NY.
The New York Times reports today that parents hit with hard times are starting to pull the plug on the trust-funders.
Would You Ever Pay For Sex?
Nevada brothel owner Bobbi Davis has been hit by the recession. Luckily, she has plans to double her market — she's going to hire male prostitutes.
See, some women do pay for sex.
Front Page: US Unemployment Rate Jumps to 9.4%
- US unemployment has jumped to 9.4 percent, after 345,000 jobs were lost in May. Sorry, the recession's not over yet. — New York Times
- President Obama is in Germany, where he visited a Nazi concentration camp in Buchenwald.
Front Page: GM Goes Bankrupt Owing $172 Billion
- General Motors has filed for bankruptcy today. The company says it owes $172 billion.— New York Times
- An Air France flight traveling from Rio de Janeiro to Paris with 228 people on board vanished over the Atlantic. — Huffington Post
- Twilight dominated the MTV Movie Awards last night.
What Makes You Nervous These Days?
Americans are smiling less and worrying more than they were a year ago. Depression, cigarette sales, and sleepless nights are on the rise. But you probably didn't need this new survey from Gallup to tell you that.
Recession Depression: Men Have It Worse Than Women
According to a new survey conducted by a British nonprofit, traditional gender roles may cause men to suffer recession blues more than women. Men, for example, are told they need to be both solvent and stoic: they're traditionally the bread winners, and if they're blue, they'd better not seek mental health help — it's a sign of weakness. To make matters worse, in general, psychologists say that men feel more shame when they lose a job or a home.
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