As the economic slowdown sweeps across the country, the number of Americans on food stamps will rise to 28 million in the next fiscal year, an all-time high.
The New York Times
Noted
Re: Noted
Zimbabwe's currency is melting down so quickly that the government has introduced a 10 million Zimbabwe dollar bill. As of last week,10 million Zimbabwe dollars could buy two rolls of toilet paper.
Newsweek
Newsweek
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The already crazed competition to get into the nation's top colleges was even more intense this year, with many schools logging record low acceptance rates. Harvard (7.1 percent of applicants ), Yale (8.3 percent), and Stanford (9.5 percent) were among a growing number of schools that rejected more than nine in 10 applicants.
USA Today
USA Today
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taxpayers this year spent an average of $207 on tax preparation, the IRS said,up from $185 three years earlier. The self-employed taxpayer paid an average $444 to put his taxes together.
Associated Press
Associated Press
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The downturn in the economy is not affecting the super-rich. Wealthy buyers have already bought 71 Manhattan apartments costing more than $10 million this year, compared to 17 in that price range in all of 2007.
The New York Times
The New York Times
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More than 1,000 Irish pubs in small villages outside Dublin have closed over the past three years. As Ireland has become one of the most affluent countries in the world, some Irish no longer have time for or interet in socializing at their local pub.
The Washington Post
The Washington Post
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Consumer confidence hit a five-year low in April, the Conference Board said. The board's index stands at 62.3, the lowest reading since the 61.3 measure in 2003, just before the U.S. invaded Iraq.
BBCnews
BBCnews
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Nasa is offering test volunteers $17,000 each to spend 90 days in bed,lying with their feet slightly elevated above their heads. The space agency is studying how the human body responds to a lack of gravity over long periods of time.
Wired
Wired
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What Recession Last week Sotheby's celebrated the rickest art auction in its history, with sales totaling $362 million. The highlight was a 1976 triptych by Francis Bacon, which fetched $86 million.
CNNmoney
CNNmoney
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Only about one-third of 16 to 19-year-olds will hold summer jobs this year. Many of the low-paying retailing and service jobs that teens used to hold are unavailable because of the slumping economy, and most affluent college students simply refuse to spend the summer at Dairy Queen or doing clerical work.
The New York Times
The New York Times
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BubbleGumTiger
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Venice has banned the feeding of the flocks of pigeons that swam over St. Mark's Square and other parts of the city. City offocials say the 60,000 pigeons are destroying statues and architecture with their droppings and are attacking tourists carry food.
Los Angeles Times
Los Angeles Times
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Smashing all previous records' the presidential contenders collectively spent nearly $201 million on TV commercials during the just-completed primary season, industry researchers reported. In 2000, the last time both parties had contested races, primary candidates spent just $37 million on TV ads.
USA Today
USA Today
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The out-of-wedlock birthrate in the U.S. is 38 percent. Twenty-eight percent of white children are born to a single mother, with the figure rising to 50 percent among Hispanics and 71 percent for blacks.
The Wall Street Journal
The Wall Street Journal
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As digital video recorders allow more television viewers to skip commercials, advertisers are turning to product placement in TV shows and films. Advertisers spent a record $2.9 billion on product placement in 2007. a 33.7 percent increase over the previous years.
Los Angeles Times
Los Angeles Times
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Five American troops died in Iraq in July, by far the lowest monthly U.S. death toll of the five-year-old war. For much of last year, Americans were dying at a rate of more than 100 a month.
The Washington Post
The Washington Post