Topic: economy
Since becoming increasingly commercial and globally successful, London-based street artist Banksy has decided to sell one of his sought after pieces for pennies – or rather, literally a penny. With the help of sponsors Brahma beer and Artichoke Ltd, Banksy is allowing art buyers and enthusiasts to bag a bargain in the recession. The initiative [...]
As you may have noticed from our recent post about beverage rebranding, companies have a hard time selling new images to consumers. One notable exception from that article was the Throwback edition of Pepsi and Mountain Dew. Apparently, it is easier to get consumers to like things that they are familiar with as opposed to [...]
I like Bruce Nussbaum’s list of what he’d like to see in The Stimulus Bill recently featured in BusinessWeek. The premise of his piece is that INNOVATION got a bit left out in the discussion and writing of the bill i.e., the process to get us to a healthy economy. Nussbaum does believe Obama has [...]
Anthropologist and author Grant McCracken looks at the state of our economy and asks the question “What will the current downturn mean to consumers?” He then offers up various models to explain the possible lasting impacts this trip through the recession looking glass might have on our spending habits. While the prevailing theory seems to be [...]
We saw this advertisement for a job posted on the doorway to a shop while walking through Soho on Friday and thought it appropriately summed up the current state of the economy. After all, in times like these who can be worried about a little thing like commitment from either interested party?
David Scarfenberg at The Boston Globe has written a thought provoking article that ponders the idea that “maybe the slackers had it right after all.” He exalts the often vilified subset of society who have chosen to lead scaled back, simpler lives and sees an unexpected benefit to their slacking, in the fact that [...]
We found this visualization of the current credit crisis remarkably informative. The ten minute long video does a really great job breaking down all the different players and provides a general overview of how investment banking works. By the end of it, terms like sub-prime mortgages, collateralized debt obligations, frozen credit markers, and credit default [...]
We reported earlier this year about the increase in sex toy sales as the economy took a dive. And we’re finding that in Nashville, Tennessee, the same goes for live libidinous entertainment: Jason Helson, manager of popular strip club Déjà Vu, says business has actually improved with the economic downturn. The venue, which advertises “hundreds [...]
For many, Google epitomizes the successful modern company, but like nearly every sector in the economy, they are being forced to slim down under the rippling effects of the recession. The first step was to reduce the recruiting organization by 100 positions and slowly ratchet down new hires. The next step was to close down [...]
Recent studies conducted by researchers at Stanford University and Carnegie Mellon might go a long way in explaining our spending habits or in the case of the current economic downturn, our penny-pinching ways. Apparently, during every purchase we make there is an emotional tug of war taking place in two distinct parts of our brain [...]
As the economy continues to spiral downward, a US Congresswoman from Ohio, Marcy Kaptur, is encouraging her constituents to squat in their foreclosed homes. She is advocating that homeowners should simply stay put until the bank “produces the note” that proves it owns the home.
Because mortgages have been divvied up so much, the [...]
As the economy goes, so too does our trash and as people tighten their belts and spend fewer dollars, they’re also reusing more and throwing out less. The LA Times reports on some telling statistics in cities across California:
Over the last six months, operators at Puente Hills Landfill [in Los Angeles], among the nation’s largest, [...]
As we reported back in September, there’s suddenly a whole new world out there to fashion designers who may not have the cash or the desire to stage an expensive runway show. The pervasiveness of the web and accessibility of high quality multimedia equipment/tools have made it possible for designers to reach a much wider [...]
Eric Wilson writes an interesting piece in last week’s New York Times, “Change? It Wasn’t in Fashion” pointing out how in 2008, compared to the topsy turvy year in the American political arena, the fashion industry was decidedly more cautious (or in his words, stubborn). Marc Jacobs revived designs from earlier collaborations with Murakami and [...]
Concluding our series of Good Idea Salons, last night’s panel spoke about good ideas for the future. A daunting topic, the conversation covered everything from whether or not business fundamentally has the ability to find a balance between being ‘good’ and turning a profit to greenwashing and the environment to the possibility that the current [...]
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