depression 2.0

say it ain’t dough(nut)

February 11, 2009 // 1 Comment

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U.S. News and World Reports lists 15 major brands that might not survive 2009. Brace yourself. Krispy Kreme. (KKD; about 4,000 employees; stock down 50%). The donuts might be good, but Krispy Kreme overestimated Americans’ appetite – and [...]

following up

February 9, 2009 // 0 Comments

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Obama said the stimulus bill will¬†create or save¬†4 million jobs. Perhaps he misspoke, but the distinction = 4 million jobs. The bill may lack earmarks, as Obama repeatedly boasted, but that doesn’t mean it’s pork-free. There are no [...]

the valley deepens

October 16, 2008 // 0 Comments

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This should brighten your day: ASIA MARKETS TUMBLE… Nikkei sinks 11.4 pct — worst loss since ’87 crash… Seoul shares drop 9.4 pct — biggest loss in 7 yrs… Pretty soon we’ll all be blue collar [...]