3 days ago, the NY Times announced that the financial crisis had hit Main Street, with corporate America, including many firms in the Fortune 500 retrenching in the last 2 weeks. With names like Merck, Yahoo, GE, Coca-Cola retrenching, one can’t help but feel worried about the ripple effects of the financial crisis.
Even models aren’t spared. Elite Models have apparently let go of 60 models whom they feel can’t bring in the dough.
Of course, the hit on Wall Street, Main Street and now, 5th Avenue have taken a toll on the world’s oldest profession – escort services. They have even written in to renowned economist, Tim Hardford for advice.
Resolution for 2009: Think cheap-chic recessionista, not fashionista! Then again, who’s going to save the economy without consumption?