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February 2009

Written By: Tian Huang on February 27, 2009 No Comment

Chinese Commerce Minister Chen Deming (L) with Swiss Economy Minister Doris Leuthard (R). Xinhua News Agency

BY TIAN HUANG - MEDILL NEWS SERVICE

With the global economy slowing down, China, currently the world’s king [...]

Written By: Tian Huang on February 27, 2009 No Comment
Enjoy Chicago, for free

Free February at the Art Institute. Tian Huang/Medill

BY TIAN HUANG - MEDILL NEWS SERVICE

February has been a particularly busy month for me, so it only was this week that I was able to take advantage of the Art Institute’s Free February. I’ve been to the Art [...]

Written By: hollistempleton on February 25, 2009 No Comment
NU’s recession strategy: Cut costs, raise tuition but keep the art

Photo courtesy of the Mary and Leigh Block Museum

BY HOLLIS TEMPLETON – MEDILL NEWS SERVICE

Universities across the country are feeling the effects of the recession and doing whatever it takes to cope with financial challenges.

At Brandeis University in Waltham, Mass., where the institution’s endowment

Written By: ihwang on February 24, 2009 No Comment
Chicago home prices drop 14.3 percent in 2008

Data from Standard & Poor's Case-Shiller Index shows home prices fell dramatically in 2008, even compared with the declines in 2007. (Inyoung Hwang/Medill)

 BY INYOUNG HWANG - MEDILL NEWS SERVICE

Chicago’s home prices plunged 14.3 percent through December 2008 compared with the year earlier, according to data by Standard & Poor’s Case-Shiller Home [...]

Written By: CTPou on February 23, 2009 One Comment
‘Recessionista’ talks about the success of recession-friendly blog

Mary Hall, the Recessionista

CLAUDIA-TERESA POU - MEDILL NEWS SERVICE

When life gives you lemons, make lemonade.  I’m sure many of you have heard of that saying, advising us to make the best of what we’re given.  Given our current economic situation, we should probably be changing our spending habits and do our best with a recessionary budget.  So, start [...]

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Written By: CTPou on February 22, 2009 No Comment

CLAUDIA-TERESA POU – MEDILL NEWS SERVICE

Bloomberg reported that the collapse of the U.S. newspaper industry is accelerating as a significant drop in advertising forces publishers to consider curtailing print editions or shutting down altogether.

The Seattle Post-Intelligencer will shut down or appear only on the Internet, unless its parent company can find [...]

Written By: hollistempleton on February 20, 2009 No Comment
Best Picture nominees drive box offices sales

Best Picture nominee Frost/Nixon has only grossed $16,561,626, but an extra $350,000 in ad spending may be responsible for the film's coveted nomination.

BY HOLLIS TEMPLETON – MEDILL NEWS SERVICE

Although it may be intuitive that an Oscar nomination for Best Picture increases the popularity of a film, [...]

Written By: CTPou on February 19, 2009 No Comment
Guilt alone doesn’t stop some graduate students from spending

BY CLAUDIA-TERESA POU – MEDILL NEWS SERVICE

The U.S. recession has been taking a toll on jobs, retail sales, the auto industry and almost every other sector, but has it been enough to get young adults to stop shopping?

Shopbop.com is Karen Leigh's website of choice. (Claudia-Teresa Pou/Medill)

I conducted my own [...]

Written By: ihwang on February 19, 2009 No Comment
Recession leads to increase in Social Security disability applications

 BY INYOUNG HWANG – MEDILL NEWS SERVICE

The effects of the recession, the housing meltdown and job cuts may be hitting individuals with disabilities in the U.S. disproportionately.

As the economy falters, those with disabilities are faced with fewer options for healthcare and often turn to Social Security Disability Insurance, which provides monthly benefits to individuals who [...]

Written By: Tian Huang on February 18, 2009 One Comment
Energy expert bearish on Obama’s clean energy plan

Phil Flynn talks to Advanced Econ Reporting students. Tian Huang/Medill

BY TIAN HUANG - MEDILL NEWS SERVICE

During our final trip to CME Group this quarter, we had the opportunity to speak to Phil Flynn, an energy analyst at Alaron Trading Corp. Phil was on the floor talking about oil inventories on Fox [...]

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