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.
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