Let’s assume for a minute that Australia has avoided a recession. What would be the tell-tale signs? asks Joshua Gans.
Global Financial Crisis
The problem with Russian productivity
Every employed Russian contributes only $16,100 to the country’s gross domestic product, compared with $38,100 in South Africa, $48,600 in Greece, $59,400 in France and $74,600 in the United States.
Our economy: so hot right now
It was supposed to be a recession, but compared to the likes of the US, Japan and Germany, we are positively ‘hot’ (in growth terms).
GFC killed the ETS and Wong won’t negotiate
Warren Truss can rest easy. Penny Wong isn’t serious about negotiating with the Greens and independents over the Government’s emissions trading scheme.
Are new cars old news in the US?
The New York Times is asking today: “Can American drivers live without that new-car smell?” The Big Money wraps the newspapers’ perspective.
Luxury yoga mats defy recession
At a time when consumers are in a serious saving mode, why are sales of $US100 yoga mats soaring? Time explores a GFC conundrum.
Keeping Russia’s luxury jets in the air
The economic crisis has severely dented the wealth of oil-rich Russia. That means turbulent times for luxury jet entrepreneurs.
Construction activity returns to earth
This morning’s construction work figures will get the gloomsters out ratting their worry beads today for next week’s first quarter economic growth figures.
Why recessions create new inventions
If the Great Depression led to Twinkie, Monopoly and the photocopier, what will the latest recession produce?
Woof! Pet economy on the up
As the US economy collapses, it seems pet owners still want to pamper their loved ones
Lessons in History: What we can learn from Great Depression hobos
One of the most effective ways to ease the burden during a financial crisis is to share – both resources and knowledge, writes Mike Stuchbery.
Penny-pinching, the media’s theme du jour
The media are herd animals and as befits these ‘hard’ times the Columbia Journalism Review has been tracking what it calls the ‘frugality beat’. Australian journos aren’t immune.
Japanese economy goes from freefall to plummet
Japanese Prime Minister Taro Aso’s Government is at least spending a record 15.4 trillion Yen ($US160 billion) stimulus package which seems to be working.
The thrift revival
There are excellent reasons to encourage a make do and mend revival. The slogans are great, and the typography, and those slender, sweetly smiling housewives… Jenny Turner reviews thrift books.
India shows the GFC having impact on global voting
It seems that the global financial crisis has not had the devastating effect on the world’s governments that many were expecting six months ago.
Empty shopfronts turned into billboards
As shops close and vacant shopfronts lie empty, advertisers are painting shops, installing digital billboards in the windows and using them as a cheap form of advertising.
New New York
New York City is feeling the squeeze of the GFC more painfully than most. An examination of how money affects this city and the social implications of the big bust.
Your Say: Daily Mail readers' feedback: A chocolatey clarification and more reader comments
Daniel Ellis, Corporate Communication Manager for Cadbury Australia, writes with some information about the 250gm block changes.
Axe-o-meter, like Crikey’s SackWatch but worse
Vanity Fair updates its New Establishment list with the numbers of jobs lost in recent months. The figures make Crikey’s SackWatch look like sunshine and rainbows.
The GFC: the latest bestseller
Retail sales of books about business and the economy are on the increase as the public attempts to educate themselves about the global financial crisis and possible ways out of it.
Green shoots and question marks about Budget 09
As the government puts the finishing touches to its budget, the biggest questions are how long the current recession will last and what form the recovery will take, writes John Quiggin.
Fine dining off the menu in New York
In New York, a certain elevated culinary ecosystem that has long characterised metropolitan life has begun to feel threatened. The chic Madison Avenue café scene has enjoyed better days.
US economy gives nothing to be cheerful about
It’s a measure of just how terrible the economy has become that a loss of more than a half-million jobs in just one month can be widely seen as a good sign, writes Bob Herbert.
Crikey Says: Rudd and Treasury vindicated as unemployment falls
Behind the rise in employment — revealed today — is a deliberate strategy taken by a Government that has consistently moved earlier than expected to deal with the impacts of the financial crisis.
Supermarket centre aisle back in fashion
Most of Big Food’s marketing focus has been on the outer aisles while the centre store — the middle aisles that hold everything from kidney beans to marshmallows — got little attention. That is, until the GFC.
