Word: slump
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...economic slowdown has been feeding time for GE Capital, which is busy scooping up distressed assets, but it's a decidedly different experience for the $6.8 billion-in-sales NBC network. Like all other media, the network is suffering through a painful advertising slump. The current woes, however, haven't convinced Immelt, who's being counseled on the vagaries of the broadcasting business by NBC boss Robert Wright, that he has to marry NBC to a wider media portfolio, whether a Hollywood studio or a cable company. He says he has no plans to sell NBC, though he'd like...
OUTLOOK: The Bank of Japan will probably pump money into the economy to stimulate demand, and let the yen slump to boost exports. That threatens to destabilize other Asian currencies...
...Yale school of management, a small spark can start a huge conflagration. In 1930 it looked as if the consequences of the 1929 market crash might be contained; it was the collapse in 1931 of the Austrian bank Creditanstalt that turned a market correction into a worldwide slump. Similarly, the global financial crisis of 1997-98 started with the devaluation of the Thai baht--though Thailand's whole economy is about the size of Kentucky...
...Standard's demise underscores the challenges confronting the last few mainstream New Economy journals: Red Herring, Fast Company (bought last year by Gruner & Jahr), Wired and Business 2.0. Their ad slump is not as severe as the Standard's, but is still daunting (20%, 31%, 32% and 44% drops from January through July, respectively). But Fast Company and the Herring are older, more established magazines with lower costs, and Conde Nast's Wired and AOL Time Warner's Business 2.0 have potential subscription draws and advertising leverage from the many properties of their parents...
Maybe all the Republicans needed during those endlessly frustrating Clinton budget fights was a good economic slump. The slowdown is not only "real," as George W. Bush needlessly pointed out in a campaign-style stump speech from Harry Truman?s hometown Tuesday, it?s given the White House the perfect vehicle to sell Americans on the articles of the Republican fiscal faith...