Recession Briefing: Is This Really Better than the 70s?

Is the great recession really less miserable than ‘70s were? According to the "Misery Index," we’re not faring as badly, but metrics like this are always fishy. (Christian Science Monitor)

It is the Wall Street equivalent of a coroner’s report — a 2,200-page document that lays out, in new and startling detail, how Lehman Brothers used accounting sleight of hand to conceal the bad investments that led to its undoing. (New York Times)

U.S. traffic fatalities last year reached the lowest level in 55 years, dropping nearly 9 percent from the previous year and demonstrating that the continuing recession has at least one upside. (Baltimore Sun) …

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-- Posted by David Hirschman, RecessionWire.com

Screwed: 800 in the London Underground
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