AP - An administration official says President Barack Obama will ask Congress to give shareholders a nonbinding voice in how much corporate executives are paid. It’s an effort to link compensation to long-term performance rather than short-term gains.
This could also be called “Recession Entreé,” I guess. But that wouldn’t allow kids to share in the economic grief as readily. View Image ›
The perfect accessory to your tears, this hanky illustrates exactly why you might be crying. View Image ›
The similarities are striking. How could you not trust a man that looks like old Gee Dubs? Just powder up Bernie’s pale cheeks and we might as well slap him on the $50 billion dollar bill. View Image ›
Lex Luthor (or Don Draper in a bald cap) would really like your help in the fight against Good. Recessions affect evil people, too. Read More ›
Those smug bastards over at Time magazine have drawn up a list of the ten major newspapers most likely to go under or go digital very soon. Topping the list is the Philadelphia Daily News, which nobody reads anyway (I’m from Philly), but some non-second-rate papers included on the list are the Chicago Sun-Times and the Boston Globe, which is reportedly losing $1 million each week.
Celebrate the financial crisis and the fat-cats who are getting away with it with a shiny new “kleptocracy” T-shirt. If you can afford it. View Image ›
Recession Beards are the newest and most fashionable way to express yourself after a recent round of lay-offs. Mustaches, meanwhile, are becoming the employed population’s way of saying “we support you, brothers.” Shave your face, and you might as well have crossed the picket lines, comrade. Read More ›
“Overeducated & underemployed,” The Recessionist is a blog that tells the stories of the recently graduated who, despite going to some of the best colleges in the country, are struggling to find employment. If anything, it’ll make you happy you didn’t go to an Ivy League school.
We may not be in a Great Depression, but who says recession cuisine has to be just boxed mac & cheese? 93-year old Clara Cannucciari (who knows a thing or two about the Great Depression) recounts her childhood while she prepares meals from the era. Watch Video ›
An interesting look at the relationship between the consumption of beer and our GDP. Until now, beer sales haven’t really been impacted by the state of the economy. But in 2007 things went south…big time.
Curious how bad it really is? As the “green line of doom” shows us, pretty freakin’ bad. View Image ›
Microsoft Songsmith can turn anything into music genius, including the downward spiral of the global economy. This is clever, but then it gets kind of depressing. Cheer yourself up with a selection of classic songs Songsmith-ified. Watch Video ›
A new Twitter feed is tracking the multitudes of media layoffs in one big, happy place. It’s run by ten or so pr pros looking to pitch better and update lists, and as of right now it’s got 4,527 followers. Oh, and articles in the New York Times, AFP, and a write-up in Gawker. Watch your back! Read More ›
Because everything is recession-themed nowadays, Empire magazine offers Hollywood some cheaper alternatives to expensive movie stars. In some cases, the alternative is actually an improvement, like when they suggest replacing Jim Carrey with Will Arnett. If only we could accomplish that forever, in real life, I think we’d all be much happier.
Yay recession. In these trying times, use this coupon to get a free regular roast beef sandwich from Arby’s with any purchase. You can use it as many times as you want until December 14th. Roast beef…it’s what’s for dinner. And lunch. And breakfast.
America has some new symbols for our financial crisis: About 200 laid-off factory workers in Chicago are now in their second day of a sit-in at the plant that fired them. They’re members of the United Electrical Workers union, and they’re refusing to leave until they’re convinced they will get their severance pay. They’re meeting today with representatives of their union and the bank that canceled their plant’s financing. President-elect Barack Obama has come out in support of the workers, saying that “they’re absolutely right” to insist on getting the money they’ve earned.
Christmas cards will be a little toned down this year to fit the nation’s somber, recession-y mood. You’ll see “traditional” colors, lots of people holding hands (a totally free activity!), and not so many big piles of gifts. Hallmark has also designed its first-ever line of holiday cards for clients to send to their financial advisers, because at this special time of year, we all want to remember the really important people in our lives.
A bleak picture of the economic outlook by state. Sarah Palin’s native state is the only state with an expanding economy—thanks to its oil reserves. I guess that explains her aversion to spreading the wealth. View Image ›
AP - Chrysler LLC, whose owner has been in talks to sell the automaker to General Motors Corp., said Friday it will cut 25 percent of its salaried work force starting next month and warned that it will make more restructuring announcements soon.
Wall Street tumbled again Wednesday as investors shifted their focus from improving credit markets to worrisome corporate profit forecasts that are raising fears of a deep economic slowdown. And the roller coaster continues…
The Harvard Business Review puts the current economic crisis in the perspective of the last 60 years. It’d be nicer, though, if this went all the way back to 1929, just for a good point of comparison. Click through to get the interactive data. View Image ›
The U.S. and global markets are reacting to the triple news of Lehman’s bankruptcy, Merrill Lynch’s sale to Bank of America and AIG’s request of a $40 billion bailout from the government. Someone’s got a bad case of the Mondays. Read More ›
Broadway musicals are dropping like flies due to tough economic times. Godspell, Brigadoon, and For Colored Girls Who Have Considered Suicide When the Rainbow Is Enuf have been scrapped before opening, and others are threatening the same. We say, what gives? Why is it that when pennies must be pinched, tap shoes and glitter are always the first things to go? Sigh. Read More ›
Online coupon sites thrive as the economy declines. Companies like to offer coupons in slow economic times because consumers are looking for bargains and are less “brand loyal”. I don’t know about you, but I am shocked and offended that anyone would question my brand loyalty - even in the toughest economic times I insist on only smoking Newports. Read More ›
The Wall Street Journal coins a phrase to describe how restaurants are dealing with rising food costs. Hamburger as steak tartare, pasta instead of steak, and McDonald’s Dollar Menu items that cost - gulp - more than a dollar. Now’s the time to start scaling back your expectations. Read More ›
