Global Hit – AC/DC
It’s been another tough day on the stock market.
The U.S. government will start doling out $125 billion to nine major banks this week to get credit flowing again.
But today’s announcement offered cold comfort to investors as rising anxiety about a worldwide recession drove stocks down sharply around the globe.
Today in Britain, the pound dropped against the dollar to its lowest point in 5 years.
And last night came final and irrevocable proof that the country is entering tough economic times.
AC/DC have returned to the top of the album charts.
Alexis Petridis is a reporter for London’s Guardian newspaper.
He explains why the Australian rock band’s success is a sign of a recession.
The story you just read is available to read for free because thousands of listeners and readers like you generously support our nonprofit newsroom. Every day, the reporters and producers at The World are hard at work bringing you human-centered news from across the globe. But we can’t do it without you: We need your support to ensure we can continue this work for another year.
When you make a gift of $10 or more a month, we’ll invite you to a virtual behind-the-scenes tour of our newsroom to thank you for being with The World.