The Third Depression
June 28, 2010 | Posted in Economics | No commentsRecessions are common; depressions are rare. As far as I can tell, there were only two eras in economic history that were widely described as “depressions” at the time: the years of deflation and instability that followed the Panic of 1873 and the years of mass unemployment that followed the financial crisis of 1929-31. Read more…
Collapse of Music Industry
June 11, 2010 | Posted in Music | No commentsRadiohead frontman Thom Yorke is warning the music industry is on the brink of collapse, insisting young musicians should resist signing record deals because the major labels will “completely fold” within months. Read more…