Friday, December 19, 2008

Cambridge landmark store struggles


Very soon, I'll be posting the final projects from this semester - our "This Economic Life" series.   They were very well reported, and interesting glimpses of how the economic downturn is affecting all walks of life.  

A perfect example of this type of reporting today on Morning Edition from Boston reporter Tovia Smith.  Bowl & Board is a Cambridge institution, and I've done my share of shopping there.  Smith's story tells of the downward cycle of fewer customers meaning less revenue, leading to late payments to vendors, resulting in less stock on the shelves, concluding with unsatisfied customers.  

A very real portrait of what a recession does to small businessmen.