Daily VideoFebruary 23, 2009
Finding Positives in Bad Economy
While the economic news is definitely dismal, there are a few groups benefiting from the current recession.
In this report, economics correspondent Paul Solman talks to a software developer who lost his job and has found a second career, and more healthy lifestyle as a personal trainer.
In fact, economists say that when the economy goes south, people smoke less, and eat less, which is a good thing.
There are also young families who would not have been able to afford a house until the plunge in home prices.
The video includes a snippet of a subversive movie short that shows the cultural topsy-turviness of the current environment, suggesting that perhaps the economy will benefit from a little down time.
“Sometimes I think, yes, I feel bad for other people who aren’t as good off maybe right now as we are right now, but at the same time, you know, someone’s loss is someone’s gain.” – Anna Cordner, new homeowner
“So when times are bad, people live healthier in a variety of ways. They exercise more. They’re less likely to be obese. They appear to have a little bit healthier diets” – Chris Ruhm, Economics Professor at University of North Carolina
“We’re physically healthier; we’re not necessarily mentally healthier. One piece of evidence for that is that suicides go in the opposite direction. Particularly if you’re working very long hours, working really hard, jobs are also a source of stress, and so we might have these competing stresses.” – Chris Ruhm, Economics Professor at University of North Carolina
Warm Up Questions
1. What might be some good things to come out of this economic downturn?
2. What is foreclosure? Who benefits and who suffers?
1. Why do economic hard times tend to lead to healthier lifestyles? Do you see yourself getting healthier?
2. The reporter talked to some young women who were able to buy houses, who else might be benefiting from the downturn? Why?
3. Do you think the downturn is worth the pain if it brings prices back to affordable levels?
Tooltip of related stories
Tooltip of more video block
Submit Your Student Voice
In this NewsHour lesson plan, discuss the ways city, state and national leaders have responded to civil unrest. Continue reading
In this NewsHour lesson plan, discuss the protests surrounding the killing of Minneapolis resident George Floyd. Continue reading
In this NewsHour current events lesson, find out how convalescent plasma from previous COVID patients may help researchers with treatment options. Continue reading
In this NewsHour EXTRA lesson, learn about Twitter’s new initiative to fact check the tweets of influential figures such as President Trump and how it has stirred debate over the role of social media platforms as content moderators. Continue reading
In this NewsHour EXTRA lesson, learn how the coronavirus is impacting the economy and how it compares to the Great Depression. Continue reading