TOP STORIES: Economy – April 30, 2012

Spain in recession as austerity bites deep Homeownership falls to lowest rate in 15 years  *Hiring in a hurry picks up *Beijing’s secret: It’s not really loosening *The Politics of Student Loans (More)

Spain in recession as austerity bites deep - Paul Day, Reuters
News that Spain’s economy entered another recession renewed worries about the fragility of Europe’s finances Monday and nudged stocks lower. The market ended its first losing month this year.

Homeownership falls to lowest rate in 15 years - Les Christie, CNN Money
Homeownership in the U.S. fell to its lowest rate in 15 years during the first quarter as more delinquent borrowers lost their homes to foreclosure, forcing many to rent.

Hiring in a hurry picks up - Vickie Elmer, Fortune
As competition for talented workers heats up, some companies are giving their hiring process a boost and reducing their interview-to-offer times.

Stay-at-home dads: More men choosing kids over career - Jessica Dickler, CNNMoney
With wages at a standstill and child care costs skyrocketing, Somerfeld is just one of a growing number of dads who are staying home with the kids.

Earlier Today

Tax Me, for F@%&’s Sake! - Stephen King, The Daily Beast
Stephen King scolds the superrich (including himself—and Mitt Romney) for not giving back…

Beijing’s secret: It’s not really loosening – Craig Stephen, Marketwatch
Investors betting on a loosening of policy in China rescuing the economy and stock market might need to think again.

Consumer Income and Spending Rise - Jason Lange, Reuters
The U.S. economy appeared to downshift as it entered the second quarter…

The Economy Downshifts - Editorial, New York Times
The slow start for the economy in 2012 — is evidence that the recovery is too too fragile to withstand the budget cuts Republicans are proposing.

What College Students Really Need - Editorial, Washington Post
…The best way is Pell Grants, which go only to the poorest students and which are more in need of funding.

The Politics of Student Loans - Editorial, Los Angeles Times
The student loan debate shows once again that Washington lawmakers don’t know how to play well with others.