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...Black Ice sold 1.92 million copies to rank as the fifth best-selling album of 2008. Paul McCartney also saw some of the best sales of his solo career when he struck a less exclusive deal with Starbucks and its record arm, Hear Music. (See the best and worst Grammy performances...
...Where is the global economy heading from here? My concern right now is that this U-shaped recession we are in could turn into something much uglier, meaning a Japanese-style L-shaped recession. We're in the worst global synchronized recession in the last 60 years. Unless we take the right policy actions, we'll end up in a near depression. I did not want to use that term six months ago. At that time, I said the chances of a near depression were only 10%. But today those chances are 33% or so. (Read "25 People to Blame...
...their debt and can afford to make a modest investment based on very attractive interest rates helped by capital put into the banks by the government. Low fuel prices will help that, and Federal Government tax cuts will give consumers a few extra dollars a month. (See the 50 worst cars of all time...
...reasons that the drop in economic activity has accelerated is that there is no mechanism in place to cope with a failure of this magnitude. The world in which The Great Depression played itself out predated the globalization of credit and economic interdependence. Even the worst of the large post-war recessions rarely lasted more than a year. Even at their most inventive, government policy systems are incapable of operating in an environment where the pace of negative change quickens by the week...
...best and worst moms of all time...