Daily Archives: July 11, 2009

Economic Indicator: Lingerie And Sex Toy Sales Flop

sad_clownBy Patricia Yarberry Allen, MD

The loss of sexual interest among menopausal women has clearly become no longer newsworthy in this time of falling stock prices and rising unemployment. Otherwise, why wasn’t it big news when the uptown vibrator store had to close down because of the recession?

Myla, a British lingerie, swimwear and sex-toy line, opened its shop doors just off Madison Avenue at 16 E. 69th St. in September 2004. This was very expensive real estate, and the shop was quite nicely done up. The New York Times did a big piece for the opening. Curious middle-aged women, after lunch at one of their favorite bistros in the neighborhood, came to air shop — to oooh and twitter — and then sneaked back later to buy the goods. A little sexual novelty was good for her and good for him. Read More »

Posted on: July 11, 2009 – 9:48 am in Economy

Healthcare: Another Scheme To Tax The “Rich”

uncle samHaving money is not what it used to be. According to several media reports, the billionaire mayor of New York City, Michael Bloomberg, lost millions of dollars in the market downturn. He has apparently had to lay off some of his private staff and rent out his vacation home in Wellington, Florida.

Now that the well-to-do have lost hundreds of billions of dollars in the stock and real estate markets, the Congress appears ready to call on them to fund the new health care reform package. Read More »

Posted on: July 11, 2009 – 7:26 am in Economy, Healthcare, Medical, Pharmaceuticals

Short Sellers Target Big Financial Names (BAC)(AIG)(WFC)(FRE)

bearShort sellers upped their investments in stocks of the most prominent financial firms. Short interest in Bank of America (BAC), AIG (AIG), Wells Fargo (WFC), and Freddie Mac (FRE) all rose for the period ending June 30.

Short sellers also increased position in several regional  banks. Short interest in KeyCorp (KEY) rose 31% to 38.1 million. Shares sold short in Regions Financial (RF) were up 13% to 65.9 million. Shares short in Bank of NY Mellon (BK) rose 31% to 14.2 million, and the short interest in Huntington Bancshares (HBAN) rose 75% to 58.8 million. Read More »

Posted on: July 11, 2009 – 5:24 am in Short Interest, , , , , , , , , , , ,