Word: recessional
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If export-led China doesn't get a kick from the American consumer, a relapse for China-dependent Asia is a distinct possibility next year. Don't be fooled by catchphrases such as "green shoots" and the "Asia century." In the aftermath of the modern world's worst financial crisis...
As a moment of social and cultural pageantry, the visit was a hit. But it carried an anxious subtext. The Great Recession has struck museums and performing-arts groups with a vengeance. No one expects the Federal Government to bail them out. But the people who run these organizations--and...
The problem is that these groups have been hit in all three of their main revenue streams. For many of them, audiences are down sharply, because in a recession a theater ticket or concert seat can seem like an indulgence. Meanwhile, with corporate profits tanking and charitable endowments badly deflated...
Stand-up paddle surfing may sound like a scene from a screwball comedy, but no one's laughing in a sports and fitness industry that has hit the recession skids as hard as any other business.
Three weeks ago, for instance, while regular surf shops around the country were struggling to stay afloat, Brewer's store sold 16 boards - which start at about $1,500 - in one day. "If I had opened a surf shop eight months ago, we would have been out of business right...