The economy of comedy: does less money = more laughs?A stand-up comedy club entrepreneur in Chicago is using the American economic recession not to scale back his business but to expand it, writes Gary Strauss.
Us recession
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A market drop doesn’t mean a recession
Time for a bit of perspective on the US stock market, which recently saw ten days of a plunging Dow. The Economist offers a historical graph, showing that a significant market drop doesn’t necessarily equal a recession.
Krugman: Big Banks are still buggered
Don’t be fooled by their cash splashing bonuses and reported “record profits”, says Paul Krugman: the big banks are still in deep poo; they’re just really good at pretending they’re not.
US economy takes Pythonesque turn
Warren Buffett bailed out luxury geegaw flogger, Tiffany’s this week by buying $US250 million of the struggling jeweller’s debt, writes Glenn Dyer.
Economy wrap: Sharemarket run won’t last long
Commodity and sharemarkets are set for some temporary respite but the good news can’t last, writes Glenn Dyer.
US officially in recession, contagion to spread
It’s been another day of terrible economic news from around the globe and all signs are now pointing to a sustained global recession, writes Glenn Dyer.
Doom-laden US data wrap
The grim economic indicators keep emerging from the US, writes Glen Dyer, and there’s more bad news on the way.
The Bricklayer Index: US housing crisis worse than ever
America’s housing depression continues to deepen, and could worsen in 2009, according to a leading rating agency, writes Glenn Dyer.
Even General Electric can’t escape US doom and gloom
US industrial giant, General Electric, has shocked the markets by revealing a 12% drop in first quarter earnings and cut its forecast for 2008 so deeply that it expects little or no gain in profit this year, reports Glenn Dyer.
