Circuit City
photo by Ed Yourdon on Flickr
Note: this photo was published in a Feb 5, 2009 blog article entitled "After-Effects of Circuit City Bankruptcy." It was also published in a Feb 12, 2009 blog entitled "Surviving an economic recession - Survival tips," as well as a blog on the same date titled "Employment outlook for North Carolina." And it was published in a Feb 27, 2009 blog entitled "3 Ways A Small Business Can Survive An Economic Recession." It was also published in a March 2, 2009 Salon blog entitled "The plug is pulled on Circuit City," and a March 9, 2009 blog entitled "The Best Email I Got Today [Sad]." And it was published in a Mar 11, 2009 Brazilian blog article entitled "O melhor e-mail que recebi hoje ."
Good grief, this is getting ridiculous: the photo was also published in a June 4, 2009 blog titled "What Happens When a Small Business Declares Bankruptcy?" And it was published in a Feb 22, 2009 blog titled "Employment outlook for North Carolina." And it was published in a Jun 23, 2009 blog titled " Why Electronics Stores 'Suck'." And it was published in a Jul 25, 2009 blog titled "Hanging Tough." I've recently discovered that it was also published in a Mar 13, 2009 PBS blog titled " Why Are So Many Companies Collapsing So Suddenly?"
The fun just doesn't seem to stop: the photo was published again in an Aug 14, 2009 blog titled "Circuit City (what’s left of it) sells your name to the highest bidder." And on the same day, it was published in a blog titled "Three Steps to Keep a Job in Tough Economic Times," the URL for which I can't seem to get Flickr to accept. Well, you'll just have to take my word for it, or do your own Google search for a blog posting with that title... Meanwhile, it was also published in an Oct 10, 2009 blog titled "Declaring Yourself Bankrupt."
I also discovered it in a Mar 10, 2009 issue of the Brazilian edition of Gizmodo, in a blog posting titled "O melhor e-mail que recebi hoje," but someone had pasted in an announcement that said "CompUSA.com Retail Stores: the Grand Reopening" -- which definitely was not in my original photo.
***************
These are photos that I began taking in mid-December of 2008, after the government helpfully informed us that the recession (a word they had dared not use before, just as they refuse to use the word "depression" now) has actually been in effect since December 2007.
Having lived through roughly half a dozen previous recessions, with nothing but vague memories to mark their existence, I thought it would be useful to start gathering some photographic memories of the current one. It may or may not turn out to be as severe as the Great Depression of the 1930's, and it may or may not produce the kind of grim photographs that we have of that era ... but we won't really know until it's over, and our 20-20 hindsight might be better informed with some pictures.
Thus far, I have only a few pictures of signs showing steep discounts; these are interesting, but it's the "human story" that I think will tell the more important story. But I've also noticed an increase in the number of homeless people on the street, asking for money, food, and handouts; but I have no direct evidence that it's associated with the recession itself. In any case, I'm reluctant to take advantage of such people by taking casual photos of them; I'm sure more appropriate opportunities will present themselves, and I'll add them to the album as I find them...
The late-2000s recession, sometimes referred to as the Great Recession, the Lesser Depression, or the Long Recession, is a marked global economic decline that began in December 2007 and took a particularly sharp downward turn in September 2008. The Great Recession has affected the entire world economy, with higher detriment in some countries than others. It is a major global recession characterized by various systemic imbalances and was sparked by the outbreak of the late-2000s financial crisis.
There are two senses of the word "recession": a less precise sense, referring broadly to "a period of reduced economic activity", and the academic sense used most often in economics, which is defined operationally, referring specifically to the contraction phase of a business cycle, with two or more consecutive quarters of negative GDP growth. By the economics-academic definition of the word "recession", the Great Recession ended in the U.S. in June or July 2009. However, in the broader, layperson sense of the word, many people use the term to refer to the ongoing hardship (in the same way that the term "Great Depression" is also popularly used). In the U.S., for example, persistent high unemployment remains, along with low consumer confidence, the continuing decline in home values and increase in foreclosures and personal bankruptcies, an escalating federal debt crisis, inflation, and rising gas and food prices. In fact, a 2011 poll found that more than half of all Americans think the U.S. is still in recession or even depression, despite official data that shows a historically modest recovery.
| Album | Page | |
|---|---|---|
| Late-2000s recession |
|
|
Terms of Service · Privacy

