The consumer spending slump and tightening credit markets are unleashing a widening wave of bankruptcies in American retailing, prompting thousands of store closings that are expected to remake suburban malls and downtown shopping districts across the country. Full Story »
Posted by Kaizar Campwala
A straight-forward piece of journalism about another trend of the worsening economic crisis. The author could have descended into hysterical prognoses and gone for the sensational punch. But given the fact that no oneexpert or neophytehas slightest cognition about what the world is really facing, nor how serious the crisis can become, nor how long it will last, forecasting is worse than ineffectual.
