Tuesday, August 21, 2012

Is Fifty Shades of Grey the Only Hope Our Economy Has?

Aye Carumba!  Kevin Roose writes in New York Magazine: Once upon a time, American economic growth was a product of innovation, increased efficiency, and cutthroat competition.

This earnings season, our biggest market stimulant is an erotic trilogy that contains sentences like "My inner goddess is doing the merengue with some salsa moves."

In its second-quarter earnings report, Barnes & Noble — whose Nooks have been used to give more than a few suburban moms a glimpse of Christian Grey's red room of pain — attributed its strong same-store growth figures to "the liquidation of Borders’ bookstores in fiscal 2012 and strong sales of the Fifty Shades of Grey series." That followed a similar admission earlier this month by Church & Dwight, the company that owns the Trojan condom brand…

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