Tag Archives: economy

In-Box Entrails

The email in-box is a great guide to the state of the world.

A quick glance through the subject lines of the morning mail is proving to be an accurate gauge to the psyche of the nation, or at least accurate enough to rival the augurs of the ancient Romans.

On one hand, the Christmas gift idea flood has begun, with new ideas on how to spend money arriving almost hourly.

These cheery greetings come from companies I’ve bought from in the past, and dozens I haven’t.

They’re seductive and appealing, providing countless reasons to buy buy buy, and spend spend spend; all on things I don’t really need.

Isn’t it great ?

It’s like an in-box on Alprazolam.

But along with those cheery missives come the not so cheery missiles.

Stark reality.

Barging its way into my plastic subsidized world

From one of my local news stations:

CKNW Breaking News…

Another dark day on the markets; TSX down 766 points, Dow Jones down 445.
Sent 1:32pm

And from Canaccord Capital, a reminder that:

It seems there are lots of stores that are closing due to the “recession” and the fact that people are not shopping. If you have any “gift cards” from these stores, make sure you use them, or you will lose them

The above, followed by a depressing list of major retailers going broke or closing outlets.

Of course, there’s more trouble for big media, now admitting, finally, tough times ahead…

CTV Inc. will lay off some employees, freeze hiring and cut spending to cope with “sharp decreases” in advertising as the television industry braces for a deep slump.

And this from Ipsos (the polling folks)

Year Over Year Online Spending Drops 13% in Q3 2008
Past Three Months Spending Also Down 15%

Dudes, don’t you realize all this reality is bumming us out ?

I mean, I can only take so much reality – what about you ?

In the word’s of Detective John Kimble in Kindergarden CopSCHTOP IT!

Thankfully, at least in my in-box, reality is losing out to Happy Thoughts.

Things like: free shipping, 0% down, and gift cards (while they last) from friendly retailers (while they last).

To which I say: “Keep ’em coming boys, and hey mailbox – pass the bottle would ya?”

The Only Bright Spot in the Economic Crisis

Worried about the global economy ?

Trying to find your way through the uncertainty ?

I have a hot tip for you on where the real growth is, during this, the worst economic crisis in 100 years.

When the sh*t hits the fan, you can do like the late Warren Zevon says and ‘send lawyers, guns, and money’.


You can do what every right thinking bureaucrat does:

B o o k a M e e t i n g.

Talk about an industry that’s taking off – there’s a veritable orgy of meetings planned. This weekend, there’s the world economic forum meeting in Dubai:

During the three-day Summit, the 700 participants of this interdisciplinary event will engage in interactive workshops and sessions to set priorities for the most compelling ideas for improving the state of the world, from groundbreaking areas of research to new and exciting developments and cross-cutting solutions to address the world’s challenges

Since fall is swiftly moving to winter, any good meeting planner knows the best thing is to have your meeting somewhere warm. Dubai may be hot, but Sao Paulo’s hotter

Officials from the rich and the emerging countries of the G20 will gather in Sao Paulo this weekend to discuss the global financial crisis, but by the time they sit down, a much smaller meeting that has attracted far less attention may already have set the agenda.

Of course, any good meeting worth its salt is really just a precursor to another meeting. This weekend’s meeting in Dubai ? It’s really just a warm up for the other world economic forum meeting in January:

Against a background of economic uncertainty and global crisis, the World Economic Forum has announced record engagement from business, government and other leaders for the World Economic Forum Annual Meeting 2009 in January. More than 20 heads of state/government, including G8 countries, and close to 1,000 business leaders have already confirmed their participation, demonstrating the need for governments and business to sit together and focus on an agenda to restore sustained economic growth.

Of course, here in North America, we’re looking forward to the big meeting on November 15th called by George Bush (I dare say when you get a request in Outlook for a meeting featuring BUSH you’re sure to respond).

The beauty of this meeting business is that for every great meeting, there’s also a pre-meeting

US President George W. Bush announced Thursday that he and president-elect Barack Obama would discuss matters like global economic turmoil and the war in Iraq “early next week.”….The meeting will come just days before world leaders converge on Washington for a November 15 summit to address the causes of and remedies to the international economic meltdown, likely the first in a series.

And of course, by the time the meeting is actually held, we’ve already been told what the attendees are going to say when they get there.

In the entertainment business, we call this ‘phoning it in’. In other words, you don’t really need to be there.

Prime Minister Stephen Harper says he will urge world leaders meeting later this month to make “selective” improvements to financial regulation, to avoid protectionism and use “sensible” fiscal policies to navigate the uncertain global economic waters.

All these meetings make me absolutely giddy with economic spin-off possibilities.

Imagine all the travel, hotel rooms, cabs, room service, printing, lounge singers and hookers who’ll benefit – and that’s just the tip of the iceberg.

I once worked at a place where we instituted the BlackJack Meeting Rule – no meeting could last more than 21 minutes. It’s one way of keeping meetings to the point and getting to the good stuff, and you can do it on a conference call.

Of course, that would suck for the world economy.

So leaders of the world – keep sending those meeting requests, and let’s see if we can’t juice up the world economy the good old fashioned way – with rubber chicken dinners and endless PowerPoint presentations.