The pawn-shop index, recession-proof stuff and the iPhone 3G

Friday, July 11, 2008

Is there such a thing as recession-proof stuff? If we’re all being tight with our wallets, then why, in this time of economic turmoil, are certain industries thriving? The Takeaway turns to Columbia business professor Cheryl Einhorn then goes to Stockton, Calif., (dubbed “the foreclosure capital” by 60 Minutes), where sometimes a bad turn can mean good business — for pawn shops.
Guests: Cheryl Einhorn, Adjunct Professor of Business, Economics, and Financial Journalism at Columbia University, and Annette Hoag, founder and co-owner of Annette’s North Stockton Jewelry and Loan. Hoag’s clients include former homeowners and realtors, and the shop has seen an increase in telltale items such as Rolex watches, bought at the height of the national housing bubble. Takeaway Culture Critic Mary Elizabeth Williams reports from an Apple Store in New York City.

Contributors:

Kent DePinto and Corey Takahashi

Leave a Comment

Register for your own account so you can vote on comments, save your favorites, and more. Learn more.
Please stay on topic, be civil, and be brief.
Email addresses are never displayed, but they are required to confirm your comments. Names are displayed with all comments. We reserve the right to edit any comments posted on this site. Please read the Comment Guidelines before posting. By leaving a comment, you agree to New York Public Radio's Privacy Policy and Terms Of Use.