Wednesday, February 11, 2009

Welcome to hard times, Part 2

Banks, brokerages and just about every other kind of business seem to be gagging on mega-helpings of financial woe. Now comes the disturbing news that elevator music may be also be taking a hit. The New York Times Wednesday reported that Musak Holdings has filed for bankruptcy protection. Musak's creditors evidently include music companies that license songs for use on elevators and also in stores. According to the Times -- which ran an Associated Press story on the Muzak matter -- the company plans to continue operations. But next time, you're on an elevator or in a store, don't take that background music for granted. Like everything else, it's not immune from economic difficulty. For reasons that have yet to be clarified, Treasury Secretary Timothy F. Geithner hasn't offered a comment on elevator music, even though the operative words for the economy might be, "Going down."

"Welcome to hard times" is an occasional feature of this blog.

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