GOOD DAY FOR: Manicured five-finger discounts, after British supermarkets have started putting anti-shoplifiting devices on higher-end items like lobster, parmesan cheese, and prime cuts of steak, as the economic downturn hits the foodie set. (The Times of London)
BAD DAY FOR: AIG’s marketing team, after revelations that more than $45 billion of the $173 billion in U.S. bailout funds to the insurance giant went to Goldman Sachs and large European banks sparked a new round of strong criticism of AIG. In all, AIG paid out $93 billion of the bailout cash. Earlier in the weekend, AIG said there was nothing it could do to stop $165 million in bonuses from being paid to employees at its Financial Products unit, which caused most of the damage to AIG. (Reuters)
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