Global Hit – AC/DC

It’s been another tough day on the stock market.

The U.S. government will start doling out $125 billion to nine major banks this week to get credit flowing again.

But today’s announcement offered cold comfort to investors as rising anxiety about a worldwide recession drove stocks down sharply around the globe.

Today in Britain, the pound dropped against the dollar to its lowest point in 5 years.

And last night came final and irrevocable proof that the country is entering tough economic times.

AC/DC have returned to the top of the album charts.

Alexis Petridis is a reporter for London’s Guardian newspaper.

He explains why the Australian rock band’s success is a sign of a recession.