Another Time at Bat
This past week Treasury Secretary Hank Paulson admitted that the plan he backed so vociferously just a short time ago, to buy toxic mortgage assets, was not going to work. With the recession deepening around the globe, world leaders continue to seek ways to turn around the global financial markets. (More)
Transitions of Another Kind
In April of this year, in a blog entry titled, Transitions, I focused on the analog to digital transition that media companies were faced with, and how difficult this would prove in a challenged economy. In many ways, I did not envision the challenges that September and October would present us. This is clearly the most difficult advertising environment that we have experienced since the fourth quarter of ‘01, after the tragic events of 9/11. (More)
A Family's & an Industry's Conundrum
As I indicated in California Dreaming, this recession is going to be deeper than we anticipated just a few short months ago. For the media industry, the advertising slowdown will not spare any categories, as marketers move quickly to cut their variable expenses. (More)
California Dreaming
With all the market volatility and less than three weeks left until the '08 Presidential Election, I have decided to move up my Thanksgiving wine column. I considered writing a column on Joe the Plumber, but his 15 minutes of fame will pass quickly. I sense that we all need some diversion from the wild swings in the global markets. (More)
Lessons Learned & a Prediction
The volatility in world markets remains, one week after the historic votes in the Senate and the House that authorized the rescue plan. It clearly will take time for the global markets to return to normal and it will also take some time for the Federal Reserve and the Treasury to use all the new tools at their disposal. (More)
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