Archive for the ‘recession’ Category

03 Aug, 2009

Can “less” be the new normal?

Posted by: Marian Salzman In: consumerism| modern life| recession

In 1965, Intel co-founder Gordon Moore laid out his prediction of a curve of progress for the tech industry that has become known as Moore’s Law: Simply put, that computers would double in power every two years. What a coincidence that the rest of life has not only followed that curve but raced ahead according [...]

29 Jul, 2009

Is it over yet?

Posted by: Marian Salzman In: reboot| recession

I was in New York through the horror of 9/11 and I well remember the sense of shock and “waiting for the other shoe to drop” in the days and weeks that followed. Although the whole nation and in fact most of the world reeled in sympathy, the gaping wound soon became a New York [...]

05 Mar, 2009

The saving lifestyle

Posted by: Marian Salzman In: credit crisis| millennials| recession

When a few influential people start doing something different, we have the makings of a trend. For example, when households started to forgo landlines and use only cell phones at home. Or when Millennials started watching “TV” on their laptops rather than their televisions. 
But when entire populations suddenly start doing something radically different, it’s a [...]

Laid-Off Foreigners Flee as Dubai Spirals Down –

What happens to commitments of love in a time of economic angst? Watch the classic film “Cabaret,” set in Depression-era 1930s Berlin, for a clue to the mind-set that can occur when romance takes a backseat to survival. The show’s view of love in the song “Money”: “Money makes the world go around … But [...]

One of the most shocking things about the economic bust is the frightening speed at which it has become mission critical. Sure, the subprime cracks started to show in 2007, but the whole thing was barely on the WEF radar last year in Davos. Last May, we raised a red flag about alarming economic problems [...]

“Reboot.” By the end of last year it had become a buzzword, and it’s time to admit that the rescue until now hasn’t produced much. We’ve got to bite the bullet, and try to reboot. Here is one columnist’s opinion, just published in the U.K. Telegraph. Food for thought on the dire circumstances before us [...]

18 Jan, 2009

A new menace to the economy: zombie debtors

Posted by: Marian Salzman In: recession

Feeding zombies is a deadly move, but how is government to know which debtors are tomorrow’s write-offs? On, Peter Coy writes, “When a big employer runs into trouble, it’s tempting to keep it going at any cost. Economists call this ‘lemon socialism’—the investment of public money in the worst companies rather than the best. [...]

13 Jan, 2009

Size matters: small cars

Posted by: Marian Salzman In: Europe| automotive| recession

It’s not the obvious time to be talking about what’s going right in the auto industry, what with a U.S. federal bailout in progress and record falls in sales for virtually all brands. But unless life as we know it gets stuck on Pause forever, sooner or later people will start buying again. And when [...]

Obama style and inauguration energy are everywhere, and as great as it feels, I’m starting to wonder if there will be morning-after disappointment when we wake up January 21 and our problems are still very much real, even with our first Cusper president. I’m not thinking in terms of politics, but in terms of managing [...]