Word: recessional
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For Australia's central bank, inflation and asset bubbles in an environment of easy money evidently now trump worries of a second-dip recession. Its October and November decisions, which raised interest rates from 3% to 3.5%, are meant to keep inflation between 2% to 3% in 2010. The country...
See 10 big recession surprises.
The economic recession may be ending but the independent film industry's shakeout continues to roll, as we were recently reminded by Disney's October decision to gut its Miramax division, cutting staff by more than 70%.
So is what's happening just a recession rut? Partly, yes, but the business is also changing in fundamental ways. Just look at the way indie filmmakers raise money today. In the past, they would "presell" their movie to foreign distributors, using not much more than a script and a...
In mapping the wide and varied repercussions of the crisis, the film inevitably wanders at times. One of the most far-fetched segments comes from the assertion that as a result of economic hard times, the spike in the number of abandoned or unclean backyard pools has led to the...