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- Experts say that the United States banking industry is essentially insolvent: Banks say that if that is true, where did we get all of the money for executive bonuses?
- Newsweek is reinventing itself for a smaller wealthier readership
- So in a recession, how big is the market for the $7000 suit? I don’t know about you but I am cutting back the amount of $7000 suits I am wearing these days.
- Why are young Japanese women, who as recently as a decade ago were sometimes turning to prostitution to finance their Louis Vuitton habits, losing their lust for foreign luxury brands? :: Luxury brands are concerned, to put it mildly, about what’s happening in Japan. Japanese shoppers, at home and abroad, account for about half of the global luxury-goods market. But according to a study released last fall by Bain & Company, the luxury market here was expected to shrink by 7 percent in 2008, after falling by 2 percent the previous year.
- Richard Florida speculates on how the downturn will reshape America :: No place in the United States is likely to escape a long and deep recession. Nonetheless, as the crisis continues to spread outward from New York, through industrial centers like Detroit, and into the Sun Belt, it will undoubtedly settle much more heavily on some places than on others. Some cities and regions will eventually spring back stronger than before. Others may never come back at all. As the crisis deepens, it will permanently and profoundly alter the country’s economic landscape. I believe it marks the end of a chapter in American economic history, and indeed, the end of a whole way of life.
- With other nations air forces flying planes as good or better than the F-15, what should the U.S. Air Force do?
- Has the downturn changed how Americans look at risk?
- Will the MLS and David Beckham’s relationship recover? There were always whispers of discontent in a poorly assembled Galaxy locker room anyway. After all, this is the ultimate league of "haves" and "have nots," one fellow with a $32.5 million deal, other fellows barely taking in $32.50 a day.
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> Newsweek is reinventing itself …
> … it will be plying turf already worked by The Economist, The New Yorker, The Atlantic and others.
I think they could do well to hire a Simon Winchester type, and have good technical explanations of current events. Lots of graphs and charts. Find a middle ground between those three, plus Forbes, Scientific American, and some of the lifestyle mamagement stuff (as in health, career, non-date relationships) found in men’s magazines.