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News Flash: Hollywood Vulnerable to Weak Economy


  • Traditional thinking has been that Hollywood is recession-proof because consumers will continue to go to the movies in lieu of more expensive entertainment. A recent study has caused some doubt about whether this remains true for today's economy — it found that going to the movies may actually be one of the first activities cut by cash-strapped consumers. — The Wall Street Journal
  • Bummer for bank employees: Compensation consultancy firm Johnson Associates has projected some bankers' bonuses will be about half of last year's payouts, and most can expect a 15 percent to 25 percent reduction. Other employees could see their bonuses go down as much as 30 percent. — CNN Money
  • Are you an ex-urban? You might know the answer by asking yourself if you spend half your housing expenses on gas. Ex-urbans, country-dwellers with city jobs, are being crushed more than most by relentless gas prices. — ABC News

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