Death of a Car Salesman

By John Newlin on
In a word: Grim. In one of the most ominous visual representations of the state of the economy, we must collectively shudder. Thousands of cars, seen here woefully unsold, sit collecting dust in what is the largest sign of the times we've seen since the last photo shoot at another field of unsold cars. Good news is, if you're in the market for a new car and are willing to apply some simple negotiating tactics to the sales process, you'll get a screamin' deal. Here's a quick tutorial on this...Read Full Story

Consumer Confidence Slides To Lowest Level In Over 50 Years

By John Newlin on
A Costco customer looks at a display of televisions as she shops at a Costco store October 28, 2008 in San Francisco, California. As the economy continues to falter, business research firm The Conference Board reported today that its consumer confidence index fell to an all-time low of 38, down from 64.1 in September. (Photo by Justin Sullivan/Getty Images North America) Need more evidence that we're in a recession? Watch and weep:More lack of consumer confidence photos:Photos by GettyRead Full Story

Whoops.

By John Newlin on
A bull toy is fixed at a computer display during a trading session on the trading floor of Frankfurt stock exchange October 8, 2008 in Frankfurt, Germany. Due to the weakness of the world economy the German stock market remains volatile. (Photo by Ralph Orlowski/Getty Images Europe)   The above photo is from the trading floor of the Frankfurt stock exchange, but the message is universal: We’re screwed. Like, globally. Here are some cheery quotes:“The fat lady sings.”-JPMorgan Chase in a...Read Full Story