Posts Tagged ‘casinos’

What Are the Canaries In the Economic Coalmine to Watch?

Monday, January 19th, 2009

global trends: economy: non-traditional revenues

BREATHE DEEPLY

Our last post talked about the adult entertainment industry’s request for a government bailout as a canary in the economy’s coal mine – a harbinger of the thinning oxygen of cash flow.

But to see one canary doesn’t necessarily give us good direction. What are the other canaries to watch? There are so many. We’ll look at just a few.

This week we’ll focus on specific “non-traditional” revenues, forms of value added taxes, or goods and services taxes [Wikipedia] based on your travel, entertainment and gambling activities. In the coming weeks, we’ll observe others.

WHY SHOULD YOU CARE ABOUT NON-TRADITIONAL REVENUES?

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Porn Industry Seeks A Federal Bailout – A Canary in the Economic Coalmine

Monday, January 19th, 2009

Hustler’s Larry Flint

global trends: industry upheavals

CANARIES GALORE

We all know the story of the coal miners who would take a canary in a cage with them as they entered mine shafts. If the canary died, it indicated oxygen depletion and acted as a warning to the miners to move quickly to avoid their own deaths.

The livelihoods of real people and their families are at stake with every loss of a job, but if watch the big picture, we see interesting changes.

The adult sex industry has been the bulwark of Internet revenue and growth since nearly the beginning. Now CNN reports that the porn industry is asking for a handout.

“Hustler publisher Larry Flynt and Girls Gone Wild CEO Joe Francis said Wednesday they will request that Congress allocate $5 billion for a bailout of the adult entertainment industry.”

FORGET YOUR RELIGIOUS OR POLITICAL PERSUASIONS FOR A MOMENT…

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