Just liked these sentences:
Interbank lending is the photosynthesis of finance. In its absence, the money dries up, and the viability of everything—institutions, assets, jobs, budgets, plans, dreams—wilts. Hoarding is panic’s quiet twin.
From a New Yorker article on the near collapse of the world’s financial system.
Your house is foreclosing, your stocks are tanking, why not go to a strip club or check out a movie:
Recently, many people have been up in arms about the purported economic crisis. The Dow Jones has fallen to record lows, credit markets have been failing and the banks are going down the tubes. Yet, none of these financial woes signifies the end of civilization as we know it. That fateful sign occurred this past weekend, when “Beverly Hills Chihuahua†made $29.7 million, topping the box office. For a country in crisis, where people will supposedly soon be losing their homes and their life savings, people sure seem willing to throw $9.25 at a movie starring Drew Barrymore as the voice of a whiny rat-dog named Chloe.
That’s a big pile of money in just the sports niche:
Yahoo won’t release data on its sports unit, but it’s angling for a bigger piece of an estimated $1.7 billion in revenues for U.S. sports sites this year. With its audience up 35% from mid-2007, Yahoo Sports’ growth has attracted a deal with Major League Baseball to show games and an exclusive linkup with Turner Broadcasting, which supplies Yahoo with NBA and Nascar content and sells ads on those pages.
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