RECESSION NOTES: Cutting Back and Coping

All over the U.S., the pangs of recession and inflation are touching the lives of Americans in myriad ways, and people are trying to cope with a variety of devices. Examples:

> In Horse Shoe Bend, Idaho (pop. 700), Theodore Hoff Jr. closed his Hoff Lumber Co. mill last month because sales had fallen through the floor boards. In all, 325 workers were laid off, devastating the town's economy. Those workers—plus 80 more Hoff employees at a mill in Rexburg, Idaho—got together and figured out a plan to return to work. They...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!