Another sign of the times.
Standard & Poor's on Friday cut its rating on British Airways to junk status and said it may cut the rating again, citing a deteriorating outlook for airlines as the global recession drags on.
This crisis feels very different than all the others I have experienced in the last 22 years.
First recession of the internet age where bad news travels to a vast audience instantaneously dragging confidence down with it. It *IS* going to be worse because we are
1) Better informed on one level and
2) Collectively ****ting ourselves as a result
I don't recall three million unemployed and the decimation of the manufacturing base being a fun time either but this time round we're all dumber and richer and obsessed with the notional resale value of the roof over our heads.