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If he worked in the United States, where newspaper circulation is in a long decline and ad revenue is collapsing (hello Tribune Co., New York Times, etc)., this story would follow a predictable pattern: Economy shifts, beloved storekeeper shutters business, neighbors lament.
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If the current slump follows the typical modern pattern, the economy will stay depressed well into 2010, if not beyond — plenty of time for the public to start blaming the new incumbent, and punish him in the midterm elections.
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Further investigations may reveal intriguing patterns about economy and communication structure.
In the South Caucasus roughly the territory of today's Armenia, Georgia, and Azerbaijan the transition from the Middle Bronze Age (MBA) to the Late Bronze Age (LBA) is equated with fundamental shifts in settlement patterns, subsistence economy, and political strategies.
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"If we are lucky, were are back to a V" pattern for the economy, he said.
The pattern for the economy over the last two years has been for some slowing to occur in the second quarter, and that is expected again this year.
"It fits the classic pattern of an economy that is starting to gather momentum," said Richard Berner, the chief domestic economist at Morgan Stanley Dean Witter.
The chart also details how the employment pattern mirrored the economy in both recessions.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com