We Interrupt Our Regularly Scheduled Programming…

Breaking news from the nation’s capitol: A bipartisan group of U.S. House lawmakers defeated a $700 billion rescue plan for Wall Street on Monday, rejecting pleas from the Bush administration and congressional leaders from both parties. The 205-228 vote against the plan sent stocks plummeting, with the Dow Jones Industrial Average down around 500 points […]

The Oracle of Omaha’s Blessing (And Cash) Come In Handy

Today’s a good day to be Goldman Sachs. Warren Buffett, the wisest investor in Stock Market history, just gave the firm a vote of confidence like no other. Nothing talks like money, and Buffet’s firm, Berkshire Hathaway, just put $5 billion on the table. Buffett says Goldman Sachs is an exceptional institution. “It has an […]

How Dumb Some Ads Must Look To Cash Poor Households

Ed Cotton of Butler Shine and Stern says it’s a challenging, but exciting time to solve marketing problems. Brands needs to understand that the world has changed and the hopes and dreams they promised to consumers might ring rather hollow today. Brands need to get practical. They need to be smarter. They need to get […]

It Takes Money To Make Money. Sadly, There Seems To Be A Shortage of Liquid Assets.

Like John McCain, I don’t pretend to know much about economics; therefore, today’s news from Wall Street is somewhat mystifying to me. In one of the most dramatic days in Wall Street’s history, Merrill Lynch agreed to sell itself on Sunday to Bank of America for roughly $50 billion to avert a deepening financial crisis, […]

A Piece of the Trillion. That’s All I Ask.

USA Today points to this study from private equity firm, Veronis Suhler Stevenson, which forecasts media expenditures in the coming years. VSS projects that communications spending will increase 5.4% to $923.91 billion in 2008, as strong gains in the institutional and alternative media sectors (like gaming) offset the downward pressure of declining traditional advertising spending. […]

Displaycement

The economic downturn has to hurt the ad business at some point. According to the Los Angeles Times, certain sectors like online display advertising are already feeling the pain. In one ominous example, Lee Enterprises Inc., which owns 54 newspapers including the St. Louis Post-Dispatch, said in its most recent earnings report that its online […]

Car Parked. Vacation Cancelled.

Nielsen has been talking to shoppers in effort to determine how the economic slowdown is changing behavior. They found that nearly two-thirds (63 percent) of consumers are reducing their spending, up 18 points since June 2007. courtesy of Flickr user, Jim Forest “Consumers are altering their driving and spending habits at dramatic levels,” said Todd […]

For Whom The Belt Tightens

According to Ad Age, Coca-Cola is looking to save between $400 million and $500 million a year by the end of 2011. And it’s looking to find some of those savings in marketing. According to The Wall Street Journal, General Motors, the nation’s fourth largest advertiser—they spent $2.1 billion last year—will also be making deep […]

Bad News

I didn’t do well in economics and I don’t claim to know much about abstractions like “the economy,” but I do know how to read a newspaper. People have been trying to find the right words for what’s going in America today: slowdown, recession, depression. When people line up outside their bank, praying that they […]

Green Energy Firms Need Conscious Communicators

In the past few months, just about every major company in the semiconductor business has joined a rush into the solar industry, paving the way for what observers predict will be cheaper, better and more efficient equipment for both consumers and businesses. Mark Pinto of Applied Materials According to The Austin American-Statesman, worldwide installations of […]