Broadway ignores economic downturn
Wall Street be in a slump as the global economic downturn grinds on, but 6.4 km north in midtown Manhattan, Broadway theatres continue to lure crowds as they have for decades during times of recession.
Some people might find it hard to believe that Broadway has proven so resilient in the face of rising unemployment and record losses at some of the biggest US corporations.
Six months back, predictions for Broadway were dire. The gloomier newspaper headlines included “Broadway braces for recession fallout” and “Recession to finally kill Broadway.” So far there are no signs that Broadway — which survived the post-September 11 economic slump and a lengthy strike by stagehands in 2007 — is dead.
To read the full article, click here..
To read the ePaper, visit: http://epaper.asianage.com
Some people might find it hard to believe that Broadway has proven so resilient in the face of rising unemployment and record losses at some of the biggest US corporations.
Six months back, predictions for Broadway were dire. The gloomier newspaper headlines included “Broadway braces for recession fallout” and “Recession to finally kill Broadway.” So far there are no signs that Broadway — which survived the post-September 11 economic slump and a lengthy strike by stagehands in 2007 — is dead.
To read the full article, click here..
To read the ePaper, visit: http://epaper.asianage.com
Labels: audiences, award winning stars, biggest usa corporations, broadway league, broadway theatres, global economic downturn, manhattan, recession, Wall Street
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