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...thinks GM should show less regret and more grit. "Americans love the fallen hero who has struggled but is now doing it tough and spending extra time in the batting cage," he says. In the new GM ad, the felled goalie stays felled. (See the best and worst Super Bowl commercials...
...prosthetic leg, a hockey player felled in the agony of defeat. Finally the spot urges viewers to just get past it - essentially calling a massive corporate mulligan - and exits with ousted-reality-TV-contestant-style defiance: "The only chapter we're focused on is Chapter 1." (See the 50 worst cars of all time...
...theory, top-flight European soccer, with its loyal fan base and long-term contracts, should be shielded from the worst of the recession. Indeed, attendance across the big five European leagues - England, France, Germany, Italy and Spain - rose 2% in the season just finished. And German and English clubs will all enjoy new and improved broadcast deals in the coming two seasons. But that's not to say the downturn doesn't throw up stiff opposition. "Beyond that very affluent, élite core," says Chadwick, "the mood of austerity is still very, very strong...
...sunny seaside resorts. In the heart of Acapulco, soldiers fought a blazing battle against drug-cartel thugs who sprayed bullets from Kalashnikov rifles and hurled more than 50 grenades. After hours of the warlike scenario, 13 gunmen, two bystanders and two soldiers lay dead on the concrete. Worst of all, the shoot-out happened in the middle of a sweltering Saturday night less than 100 yards from Los Flamingos Hotel, which in its heyday saw Hollywood stars such as John Wayne and Johnny "Tarzan" Weissmuller party until dawn...
Still, it is likely to be a while before we hit that new normal. Rosenberg points out that during the Great Depression, the worst of GDP contraction and stock-market losses had hit by the early 1930s. And yet the malaise carried on for the rest of the decade. Unemployment hung above 15%, and people didn't spend money. "Even people who had the means didn't go on buying sprees. That's not how they lived," says Rosenberg. We may now be in for some of the same...