Entertaining the Recession
Entertaining the Recession
The current global recession has affected everyone from Wall Street to the Eiffel Tower. As unemployment rises, countless businesses are finding it more difficult to cope and survive in today's market. Among the many industries under financial stress are those that entertain and relax us. However, as President Barack Obama recently stated there are "glimmers of hope." To chase the dark clouds, certain industries are catering to our escapist fantasies, luring us with offerings that help to relieve the stress. Here's a look at some areas where our favorite pastimes have been affected and how consumers have taken advantage of the recession.
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Entertaining the Recession
Entertaining the Recession
The current global recession has affected everyone from Wall Street to the Eiffel Tower. As unemployment rises, countless businesses are finding it more difficult to cope and survive in today's market. Among the many industries under financial stress are those that entertain and relax us. However, as President Barack Obama recently stated there are "glimmers of hope." To chase the dark clouds, certain industries are catering to our escapist fantasies, luring us with offerings that help to relieve the stress. Here's a look at some areas where our favorite pastimes have been affected and how consumers have taken advantage of the recession.
Entertaining the Recession
Dark Cloud: Las Vegas Tourism Down
Once considered a recession-proof vacation destination, Sin City has finally proven that its glitzy desert terrain is no match for the economic crisis. With thousands of vacant rooms to fill, various five-star hotels such as the Four Seasons are offering rooms for less than $300 a night. "The challenge for Vegas is how to keep the momentum going at a peak performance," said Gary Sain, president and chief executive of the Orlando/Orange County Convention and Visitors Bureau. "You've got so many rooms to fill, especially with more than 130,000 rooms and another 40,000 or so rooms coming."
Entertaining the Recession
Dark Cloud: Retail Chains Are Closing
After being in business for over 60 years, electronic retail giant Circuit City filed for Chapter 11 bankruptcy in November 2008. The unfortunate decision led to the Jan. 16 announcement that the store would be closing all of its locations on March 8, 2009.
Entertaining the Recession
Dark Cloud: Magazines Are Folding
Wall Street's sudden downfall has even affected magazines. With the print industry suffering and transitioning to a more cost-efficient digital format, many popular editorials such as Blender and King went under.
Entertaining the Recession
Dark Cloud: Book Publishing Divisions Are Shuttering
Similar to magazines, big-name publishing companies such as HarperCollins are closing down divisions and integrating their operations within other business in the general books group. "Given the continued uncertainty in the market and soft revenues for the company, we need to take further action to align our cost basis with expected revenues," HarperCollins CEO Brain Murray said in a statement. "Unfortunately, in some divisions, implementing these plans will result in a reduction in workforce."
Entertaining the Recession
Dark Cloud: Tough Times in Tinseltown
As if 2007 wasn't bad enough for Hollywood (Writers Guild of America strike), studio spending has also had a major affect on Tinseltown's movie production. Film studios such as Paramount Pictures are cutting back their releases from 25 movies a year to 20. Financial veteran Ben Waisbren told Variety that more studios are looking to align themselves with "passive investors" to survive the recession.
Entertaining the Recession
Dark Cloud: Extra Baggage Fees for Air Travel
Do you have plans to bring your entire closet on board for an upcoming vacation? Well, think again. Airlines are now making travelers more savvy when it comes to packing. Air carriers such as Delta are charging $15 for the first checked bag and $25 for a second. In addition to the amount of luggage you have, certain weight limits may involve a check fee ranging from $90 to $300 per bag. Hopefully, fries and a shake are included with that.
Entertaining the Recession
Glimmer of Hope: Cheaper Airfare
As previously mentioned, fewer people are traveling, which has caused everything from resorts to airlines to slash fares on expensive flights. In addition to the cheaper flights, some travel companies are also throwing in complimentary perks such as resort credits, free or discounted meals, spa treatments, rebates upon check out to apply to airfare, free nights and free upgrades.
Entertaining the Recession
Glimmer of Hope: Video Game Industry Booming
Even though money is tight, families are still finding more cost-efficient ways to stay entertained through video games. Now more than ever, families are finding it more convenient to cancel annual ski trips and ski virtually through Nintendo's Wii. Time magazine reports that the sale of video games are on a growth trajectory of 20 percent or more.
Entertaining the Recession
Glimmer of Hope: Broadway Shows Are Shining Bright
Although billboards and marquees appeared to be a bit dim earlier this year with record number closings, Manhattan's theater district is staying afloat the nation's economic crisis. According to The Hollywood Reporter, Broadway shows such as 'West Side Story' are profiting $1 million a week in addition to several debut shows being sold out.
Entertaining the Recession
Comments: (68)
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By: G REDD on 3/16/2010 2:03AM
GET A GRIP!!! TO SAY THAT THIS MAY HAVE BEEN THE CASE THROUGH THE YEARS IS ONE THING.TO EQUATE THE PRICE OF WHITE DOLLS AS OPPOSED TO BLACK DOLLS ,IN THIS CASE,SOUNDS LIKE REVERSE DISCRIMINATION OR PLAIN OLD EVERYDAY RACE BATING. THE WORLD ECONOMY IS IN THE TANK AND CONSIDERING THE FACT THAT BLACK PEOPLE,WHO THE DOLL IS NO DOUBT MEANT TO SELL TO, ARE STRUGGLING TO MAKE ENDS MEET THEIR TOP PRIORITY MAY NOT BE A BLACK, WHITE OR POLKA DOT BARBIE DOLL. IF THE PRICE OF THE BLACK DOLL WAS MORE THAN THE PRICE OF THE WHITE DOLL THEN YOU WOULD PROBABLY SAY THAT BLACK PEOPLE ARE BEING GOUGED.MY MOTHER ALWAYS GAVE THE GIRLS IN OUR FAMILY BLACK DOLLS EVERY SINCE THE FIFTIES ANDSHE WOULD ALWAYS HAVE TO PAY MORE FOR THEM BECAUSE UNLIKE BETSY WEYSY, CHATTY CATHEY, AND OF COURSE BARBIE AND CO.THEY WERE HARD TO FIND.NOW BLACK DOLLS ARE MASS PRODUCED,PROBABLY IN CHINA,AND SOLD ALL OVER THE WORLD. GIVEN THE FACT THERE ARE TWO BEAUTIFUL BLACK GIRLS IN THEWHITE HOUSE IT MIGHT JUST BE POSSIBLE THAT THE COMPANY MADE TOO MANY BLACK BARBIES ,FIGURING THEY WOULD SELL LIKE HOTCAKES, AND ARE OVERSTOCKED.
LET'S STOP CRYING WOLF AT EVERY IMAGINED SLIGHT AND KEEP THIS THINGS ABOUT REAL COMMON EVERYDAY ISSUES LIKE INSTITUTIONALIZED RACISM,
DISCRIMINATORY HIRING,PREDATORY LENDING,AND INEQUALITY IN OUR EDUCATIONAL SYSTEM. STOP MAXIMIZING THIS BARBIES CRAP,BECAUSE IT GREATLY MINIMIZES THE REAL ISSUES. BE WELL!!!!
" G"
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By: G REDD on 3/16/2010 2:21AM
GET A GRIP!!! TO SAY THAT THIS MAY HAVE BEEN THE CASE THROUGH THE YEARS IS ONE THING.TO EQUATE THE PRICE OF WHITE DOLLS AS OPPOSED TO BLACK DOLLS ,IN THIS CASE,SOUNDS LIKE REVERSE DISCRIMINATION OR PLAIN OLD EVERYDAY RACE BATING. THE WORLD ECONOMY IS IN THE TANK AND CONSIDERING THE FACT THAT BLACK PEOPLE,WHO THE DOLL IS NO DOUBT MEANT TO SELL TO, ARE STRUGGLING TO MAKE ENDS MEET THEIR TOP PRIORITY MAY NOT BE A BLACK, WHITE OR POLKA DOT BARBIE DOLL. IF THE PRICE OF THE BLACK DOLL WAS MORE THAN THE PRICE OF THE WHITE DOLL THEN YOU WOULD PROBABLY SAY THAT BLACK PEOPLE ARE BEING GOUGED.MY MOTHER ALWAYS GAVE THE GIRLS IN OUR FAMILY BLACK DOLLS EVERY SINCE THE FIFTIES AND SHE WOULD ALWAYS HAVE TO PAY MORE FOR THEM BECAUSE UNLIKE BETSY WEYSY, CHATTY CATHEY, AND OF COURSE BARBIE AND CO.THEY WERE HARD TO FIND.NOW BLACK DOLLS ARE MASS PRODUCED,PROBABLY IN CHINA,AND SOLD ALL OVER THE WORLD. GIVEN THE FACT THERE ARE TWO BEAUTIFUL BLACK GIRLS IN THE WHITE HOUSE IT MIGHT JUST BE POSSIBLE THAT THE COMPANY MADE TOO MANY BLACK BARBIES ,FIGURING THEY WOULD SELL LIKE HOTCAKES, AND ARE OVERSTOCKED.
LET'S STOP CRYING WOLF AT EVERY IMAGINED SLIGHT AND KEEP THIS THING ABOUT REAL COMMON EVERYDAY ISSUES LIKE INSTITUTIONALIZED RACISM,
DISCRIMINATORY HIRING,PREDATORY LENDING,AND INEQUALITY IN OUR EDUCATIONAL SYSTEM. STOP MAXIMIZING THIS BARBIES CRAP,BECAUSE IT GREATLY MINIMIZES THE REAL ISSUES. BE WELL!!!!
" G"
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By: Jessica on 3/16/2010 4:14AM
The media will always be here to try and manipulate peoples thought processes. It's really sad that everyday I must see something negative within the media that excited hate!! It I had seen the dolls before reading this artical I would have thought nothing of it but maybe oh wow thats s o nice the black ones are cheaper...Give me a break this crap is getting soooooooo old!!!!!
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By: Jessica on 3/16/2010 4:25AM
Why is it hat its always white vs black? isn't there others races besides the two?
It's not only black children who prefer the white dolls but if you looked at a recent oprah show where she sent reporter Lisa ling to china and interviewed the little girls who were buying the white barbie she asked them wouldnt they prefer a chinese doll and all of them said NO NO ONE WANTS A CHINESE DOLL.The media needs to stop the race baiting...Oh, and what about the white girls who are anarexic(check for spelling)? and who get there lips injected, and who get their buttts injected, and who are on all types of medication? dont they too have low self esteem??/ give me a break!!!
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By: NELL on 3/16/2010 9:47AM
LOL THIS SO FUNNY! BLACK BARBIE SOLD FOR HALF THE PRICE!? I'LL TAKE IT, IF FACT GIVE ME 5. I'VE GOT BROWN LITTLE GIRLS AT HOME WHO WOULD GLADLY PLAY WITH THEM!
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By: charnie on 3/16/2010 2:42PM
Many retail stores do this with various items to make room for new merchandise. To purchase any toys cheaply in this economy is a blessing. Barbie is and always be my favorite doll. I think people near this store should buy up as many of these dolls as they can while they are on sale and give them out to little girls who are less fortunate who would appreciate it. Let's not be too quick to complain about what could be a blessing in disguise for some little girl. To BV from an AA woman: please do better with choosing relevant articles. This was really a stretch in the wrong direction. Peace y'all and stay prayed up.
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By: RONALD on 3/16/2010 10:00PM
SO DO THE MARKETERS FEEL LIKE THEY WAS SELLING A BLACK SLAVE HALF PRICE. THIS IS BECAUSE YOU ENTERED RACE INTO BUY AND SLAVE, VADE THE BLACK
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By: LancasterWENDY29 on 5/25/2010 5:32PM
I had a desire to make my organization, nevertheless I didn't have got enough of money to do it. Thank heaven my close fellow recommended to utilize the mortgage loans. Therefore I took the short term loan and made real my old dream.
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