After almost 100 years as a fixture on the British High Street, Woolworth's is no more. In trouble already, the recession has swept it away like flotsam on a tidal wave that has taken many companies and will take many more before it is over.
In the short term it is bad for those of us who have lost our jobs, but in the long term, new companies will rise to replace the old, new jobs will be created and the renewal of the economy will occur...and then there'll be another recession!
The cycle of boom and bust will continue, until someone comes up with a better way of structuring the world economy.
Enough of the 'doom and gloom', here are some teasers to take your mind off it: -
- Which sport is played by Natalie Gulbis (pictured, right) who was born today in 1983 in Sacramento?
- Nick Clegg, MP for Sheffield Hallam, was born today in 1967 and is leader of which political party?
- Who first observed three of the four moons around Jupiter today in 1610?
Yesterday's Answers: 1. Arctic Monkeys; 2. Nancy Kerrigan; 3. John Delorean
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