April 20, 2014

Video: Ben Bernanke on 60 Minutes – Quantitative Easing & Economic Outlook

Video: Ben Bernanke Interview on 60 Minutes – Depression Averted, Recovery Soon

Bernanke on 60 Minutes Part 1:

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Bernanke on 60 Minutes Part 2:

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Add Condom Sales to Recession-Proof Business List

From the Columbus Dispatch on Saturday:

Nationwide, sales of male contraceptives in food, drug and mass-merchandise stores increased 6.4 percent in the last 13 weeks of 2008 compared with 2007, according to the Nielsen Co., which tracks products.

Nielsen also counts how many condoms are sold, and that number went up 2.4percent in the same period.

The trend continued in January, with sales up 5.3 percent compared with the previous year and per-unit sales up 1.6 percent, Nielsen found.

Condom sales are pretty much recession-proof, said Carol Carrozza, vice president of marketing at Ansell Healthcare in Red Bank, N.J. Ansell is one of the largest manufacturers of condoms in the world.

“In this time of fear, people tend to be coupling more,” Carrozza said. “There’s a nesting effect, and people are staying home.”

Reluctance to have children in uncertain times also adds to the condom boom, she said.

The piece also dealt with Hilliard, Ohio condom entrepreneur Brian Frank.  His business, Undercover Condoms, has had a “rise” in sales even though the economy is “flagging.”

If you want to wrap your rascal, or your mate’s, go visit Undercover Condoms.  Buy Ohio!

The Daily Graphic: Interactive Graphic from NYT – How the Gov Dealt With Past 7 Recessions

You’ll need to experience this on your whole screen.  Click the image below to go to the NYT website.  Each recession or pair of recessions includes and audio clip from an economist explaining more about the particular circumstances of that downturn.


Click Image to Go to Original Page

Full Text: Larry Summers Speech, Brookings Institution, The Obama Program and the Current Economic Crisis

(Source: White House Press Office)

I am glad to be here. This morning I want to describe our understanding of the root of our current economic crisis, talk about the rationale for the Administration’s recovery strategy, and connect our longer-term economic strategy to the central objective of sustained and healthy expansion.

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