GOOD DAY FOR: Magazine weight loss, as Condé Nast’s January 2009 issues are considerably slimmer than they were a year ago, due to cuts in advertisements. Worst hit is Wired, which has 47 percent fewer ad pages this year than last. Three other Condé Nast publications are also on the industry’s 10 worst-hit list: Architectural Digest (46 percent drop), Vogue, and Lucky (both down about 44 percent). (The New York Times)
BAD DAY FOR: The power of sin and vice, as normally recession-proof market sectors—alcohol, tobacco, adult entertainment, and casinos—have failed to show their usual resilience in this recession. In every downturn between 1970 and the current one, according to Merrill Lynch, vice industries have gained 11 percent on average, compared with an average 1.5 percent drop in the S&P 500. In 2008, vice stocks have generally done worse than the S&P 500’s 39 percent plummet. Casinos have been faring particularly poorly. (BusinessWeek.com)
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- After Ferguson: Stop deferring to the cops
- The hilarious hypocrisy of Republicans complaining about the imperial presidency
- 43 TV shows to watch in 2014
- Ferguson riots were terrible — but this racist reaction was worse
- Is it now OK to have sex with animals?
- Don't argue about politics this Thanksgiving. Just don't.
- How to survive a spaceship disaster
- In Ferguson, Michael Brown lost his life — and America's police lost the benefit of the doubt
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Head to head: Wild vs. supermarket turkeys
Subscribe to the Week