Word: media
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...blood out of a stone. Many economists have been concerned that the collapse of print, television, and internet display advertising is a strong indicator of how the broad economy is performing. Marketers in these media range from large drug firms spending tens of millions of dollars to small mechanic shops putting classified ads in the local newspaper. If all of these forms of adverting are down 25% to 35% it means that many, many businesses cannot even afford to invest in acquiring new customers. That, as much as any other sign, shows the depth of the recession's effect...
...foot dragging on Chrysler is affecting GM, too. In a Friday conference call with the media, GM chairman Fritz Henderson lamented that GM's own union negotiations are being slowed because the UAW won't move forward until the Chrysler/Fiat negotiations are resolved. That makes sense: Whatever terms Chrysler gets will be a precedent for GM, too. GM faces a June 1 deadline from the U.S. government to produce sufficient cuts to ensure viability...
...action as a prerequisite for obtaining good faith negotiations that big unions in the U.K. and Germany are granted out of hand, out of management's respect of their power," Groux says. "Meanwhile, unions and protestors turning to radical action here wind up competing with each other for the media coverage that creates - since big press is what creates pressure on bosses and the government to concede. The result is, there's constant obligation to up the ante to ensure protests don't wind up ignored...
...Germany," says Neuber, "but this is unusual because Ms Benaissa is such a celebrity." If found guilty, the singer faces a sentence of up to ten years in prison. Many of her fans say they were shocked to hear the news and according to reports in the German media, they say they're standing by their girl. "Stay strong Nadja," one fan wrote on a website...
...April 15, Benaissa's legal team successfully filed an injunction in the Berlin State against the Springer publishing group, owners of newspapers Bild and Welt, banning publication of the inquiry and circumstances of the detention of Nadja Benaissa. Many German media outlets continue to report the case however and Springer is appealing the decision...