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...accurate, total spending on advertising fell for the second consecutive year. Another decline is predicted for 2009. That would mark the first consecutive three-year decline in advertising spending since the Great Depression." And thanks to such desperate circumstances, news organizations are becoming less adversarial by joining forces to save one another and themselves. Take the Philadelphia Inquirer and the Philadelphia Daily News, or CBS Radio's venture with AOL and Yahoo. As the New York Times suggests, such collusion might be the only way, though, as the authors of this report make clear, there is no magic bullet...
China's premier made some pointed remarks about the U.S. economy and its appetite for increasing the national deficit in order to save the American way of life. The fallout from his observations is a new concern in the public's mind about whether the Treasury can make the payments on its bonds...
...messy affairs where most of what is planned does not work and one of the unintended consequences is that the process of salvaging large institutions is rarely fair. A lot of people, who should in a utopia, get nothing as the taxpayers dump money into the financial system to save it are paid very well. Others, who seem to be innocent bystanders in the process that has ruined financial firms and put tens of thousands of people out of jobs, are simply given the shaft...
...Beginning with a clip of an Obama speech calling for “a new spirit of patriotism and responsibility,” the video has the idea that we should all make a pledge to do what we can to save our ailing country. Not just any pledge, though—only a “Presidential Pledge” will do. What that means, I’m not quite sure—Moore, for instance, pledged to smile more; Eva Longoria said she’d laugh more; and, best of all, Eva Mendes promised...
Paradise Found. The Bahamas' Nassau/Paradise Island is offering a $200 air credit to visitors who book at least three nights at one of 17 participating hotels. Save more money by taking advantage of hotel packages: at the Wyndham Nassau Resort, for instance, guests who book two nights get an additional two nights free, plus $100 in food or drink credits; nightly rates start at $309. Check the Nassau/Paradise Island website for participating properties and specials, and download the form you need to get your rebate check. Book airfare and hotel stays by April 6 for travel through...