2 Unusual Things Affected by the Financial Crisis

 It’s hard to find something not impacted by our current financial crisis. Here are 12 examples of what the recession means for specific things, from Spam to sex addiction¹.

1. Spam

It looks like meat, it tastes like meat, but it’s a far cheaper substitute for meat. It’s Spam! And it’s booming. Though Hormel’s share price has fallen with the overall market, Spam sales are soaring as the economic crisis leaves consumers strapped² for cash. Interestingly enough, Spam, the “crazy tasty” mix of ham, pork, sugar, salt, potato starch³ and a sodium⁴ nitrite, was invented during the Great Depression and became a staple⁵ for Allied⁶ troops overseas in the 1940s.

2. Marriage and Divorce

Breaking up is hard to do, especially in this economy. While it may be too early to know the impact of the crisis on divorce rates, it appears divorces may have slowed down since the financial crisis began. That’s because despite most arguments being over financial issues, it may just be too expensive to pay the legal fees of a divorce and support two households. In fact, during the Great Depression, divorce rates dropped sharply, though they picked back up immediately thereafter.

3. Recycling

The plunge⁷ in commodity prices has taken a toll⁸ on recyclers. In fact, the whole movement may come to a halt as oil and metal prices fall. Used newspaper, used cardboard, and scrap⁹ metal prices have also seen a drop, partially¹⁰ due to dwindling¹¹ home construction and slower automobile¹² production. Some recyclers are closing their doors, and in the UK entire city councils are abandoning their recycling efforts, as they are no longer economically feasible.

4. Psychics¹⁴

“There is no rhyme or reason to the way the market is trading,” says a personal trader. “When conditions are this volatile¹⁵, consulting a psychic¹³ can be as good a strategy as any other.” Psychics, astrologers, palm readers and “professional advice-givers” say business is booming as clients come to them seeking financial guidance. Clients will typically pay $75 to $1000 for an hour’s worth of insight!

5. Holiday Parties

Just as you suspected, companies are cutting back on their holiday galas. ABC News announced the cancellation¹⁶ of its annual celebration. American Express did the same and then some – announcing the cancellation of 2009’s celebration as well.

But what about the caterers? 56% of party planners say that their corporate¹⁷ holiday party numbers will be off more than 10% this year compared to last. They’re scrambling¹⁸ to come up with innovative¹⁹, more somber²⁰ types of gatherings²¹ like luncheons²², pot-lucks, and receptions rather than galas, caviar, and glam.

6. Used Car Sales

The used car business is flourishing! Specifically, used car companies that offer buy-here/pay-here financing for lower credit individuals who have been locked out of traditional lending.

But if used isn’t your thing, it may still be a decent time to buy new. That’s because even steady growth car makers²³ like Honda and Toyota have seen 24% and 32% declines, respectively. Car dealers²⁴ are desperate to get rid of inventory²⁵ and are offering invoice²⁶ and below invoice prices. Look for dealers that have a lot of inventory, because they’ll likely offer the best deals.

7. Iceland Tourism

Looking for a good holiday or spring trip? Look to Iceland!

Once an economic success story, this small country is now, well, bankrupt. If you were attune²⁷ to Fannie and Freddie and the big Wall Street break-up, you may have missed Iceland’s fall. Its three largest banks were oversized and highly leveraged²⁸, and seemed ready for collapse²⁹ in early October. Iceland’s currency, the krona, is essentially³⁰ valueless, and foreign trade has come to a halt. Luckily, the IMF and its Nordic neighbors have stepped in, lending $2.1 billion and $2.5 billion respectively to help the country recover.

But tourism appears to be on the rise. Airfare search engines report a 400% increase in Iceland flight searches. A recent search of round-trip flights from New York found tickets at a record low of $471.

8. College Endowments

Ivy³¹ League schools aren’t immune to the financial crisis. Since many college endowments are invested in alternative asset classes, which have lost value, they’re seeing unprecedented³² losses. Many college and university endowments are projected to have decreased by 30% this fiscal³³ year. For Harvard, that may mean an $11 billion drop.

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That may mean a decrease in financial aid – especially because lenders can no longer sell their securitized loans in the secondary market to get new money to offer new student loans. Despite Congress’ Ensuring Continued Access to Student Loans Act of 2008, which authorizes³⁴ the Education Department to buy federal student loans from education lenders for the 2008-09 and 2009-10 school years, there’s a chance financial aid may fall short.

9. Lipstick³⁵ & Hosiery Sales

The Lipstick Indicator³⁶ is an economic theory proposed by Leonard Lauder, the chairman of Estée Lauder Companies. The theory states that a direct relation exists between rising sales in tubes of lipstick and a falling financial market – the worse the economy, the more women indulge in small purchases, like $10 tubes of lipstick. There are conflicting reports as to whether Lauder’s theory is holding up this downturn. Perhaps hosiery sales will supplant³⁷ lipstick as the indicator of choice. Overall hosiery sales rose 2.3% this year, with Spanx seeing a 77% increase in sales compared to last year.

10. NASCAR

Very few sports have been hit harder by the economic crisis than NASCAR. From ticket sales to souvenir sales to team sponsorship from large companies, racing³⁸ is reeling. That’s because an average NASCAR team relies on corporate sponsors for 80% of its budget. That’s four times the percentage of an NFL franchise’s budget. And many of those corporate sponsors, including the Big Three – GM spent $578M in sports advertising³⁹ in 2007, including NASCAR – are facing high-profile hard times of their own. As a result, some NASCAR teams, including Chip Ganassi Racing and Dale Earnhardt Inc., have merged⁴⁰ in an attempt to attract corporate sponsors.

11. Personal Maintenance

According to the International Health, Racquet and Sportsclub Association, gym memberships have been on the decline since 2007. There’s no sign that these former gymrats are instead opting⁴¹ for cosmetic⁴² surgery – 53% of plastic surgeons of the American Society for Aesthetic⁴³ Plastic Surgery say business has slowed.

12. Sex & Sex Addiction

Will the financial crisis spark a baby boom? It just might. According to the Telegraph, sales of sex toys, pregnancy⁴⁴ tests, maternity⁴⁵ clothes, and baby equipment are soaring. But that’s not the only place sex may have increased. Jonathan Alpert, a Manhattan psychotherapist, has seen a big jump in the number of Wall Street workers who seek help for the sex addictions⁴⁶. Apparently⁴⁷, the economic crisis has sparked “maladaptive coping mechanisms” among bankers, according to Jodi Conway, a sex addiction therapist in New Jersey⁴⁸.

1 addiction   

n.上瘾入迷，嗜好

参考例句：

• He stole money from his parents to feed his addiction.他从父母那儿偷钱以满足自己的嗜好。
• Areas of drug dealing are hellholes of addiction,poverty and murder.贩卖毒品的地区往往是吸毒上瘾、贫困和发生谋杀的地方。

2 strapped   

adj.用皮带捆住的，用皮带装饰的；身无分文的；缺钱；手头紧v.用皮带捆扎(strap的过去式和过去分词)；用皮带抽打；包扎；给…打绷带

参考例句：

• Make sure that the child is strapped tightly into the buggy. 一定要把孩子牢牢地拴在婴儿车上。 来自《简明英汉词典》
• The soldiers' great coats were strapped on their packs. 战士们的厚大衣扎捆在背包上。 来自《简明英汉词典》

3 starch   

n.淀粉；vt.给...上浆

参考例句：

• Corn starch is used as a thickener in stews.玉米淀粉在炖煮菜肴中被用作增稠剂。
• I think there's too much starch in their diet.我看是他们的饮食里淀粉太多了。

4 sodium   

n.（化）钠

参考例句：

• Out over the town the sodium lights were lit.在外面，全城的钠光灯都亮了。
• Common salt is a compound of sodium and chlorine.食盐是钠和氯的复合物。

5 staple   

n.主要产物，常用品，主要要素，原料，订书钉，钩环；adj.主要的，重要的；vt.分类

参考例句：

• Tea is the staple crop here.本地产品以茶叶为大宗。
• Potatoes are the staple of their diet.土豆是他们的主要食品。

6 allied   

adj.协约国的；同盟国的

参考例句：

• Britain was allied with the United States many times in history.历史上英国曾多次与美国结盟。
• Allied forces sustained heavy losses in the first few weeks of the campaign.同盟国在最初几周内遭受了巨大的损失。

7 plunge   

v.跳入，(使)投入，(使)陷入；猛冲

参考例句：

• Test pool's water temperature before you plunge in.在你跳入之前你应该测试水温。
• That would plunge them in the broil of the two countries.那将会使他们陷入这两国的争斗之中。

8 toll   

n.过路(桥)费；损失，伤亡人数；v.敲(钟)

参考例句：

• The hailstone took a heavy toll of the crops in our village last night.昨晚那场冰雹损坏了我们村的庄稼。
• The war took a heavy toll of human life.这次战争夺去了许多人的生命。

9 scrap   

n.碎片；废料；v.废弃，报废

参考例句：

• A man comes round regularly collecting scrap.有个男人定时来收废品。
• Sell that car for scrap.把那辆汽车当残品卖了吧。

10 partially   

adv.部分地，从某些方面讲

参考例句：

• The door was partially concealed by the drapes.门有一部分被门帘遮住了。
• The police managed to restore calm and the curfew was partially lifted.警方设法恢复了平静，宵禁部分解除。

11 dwindling   

adj.逐渐减少的v.逐渐变少或变小( dwindle的现在分词 )

参考例句：

• The number of wild animals on the earth is dwindling. 地球上野生动物的数量正日渐减少。 来自《简明英汉词典》
• He is struggling to come to terms with his dwindling authority. 他正努力适应自己权力被削弱这一局面。 来自辞典例句

12 automobile   

n.汽车，机动车

参考例句：

• He is repairing the brake lever of an automobile.他正在修理汽车的刹车杆。
• The automobile slowed down to go around the curves in the road.汽车在路上转弯时放慢了速度。

13 psychic   

n.对超自然力敏感的人；adj.有超自然力的

参考例句：

• Some people are said to have psychic powers.据说有些人有通灵的能力。
• She claims to be psychic and to be able to foretell the future.她自称有特异功能，能预知未来。

14 psychics   

心理学，心灵学； （自称）通灵的或有特异功能的人，巫师( psychic的名词复数 )

参考例句：

• One week later, I got cops and psychics on my front door. 一礼拜后，警察跟通灵人站到了我家大门口。
• Even now Directorate Psychics and powerful drugs are keeping the creature pacified. 即使是现在，联邦部队的精神力和威力强大的药剂还在让这个生物活在沉睡之中。

15 volatile   

adj.反复无常的，挥发性的，稍纵即逝的，脾气火爆的；n.挥发性物质

参考例句：

• With the markets being so volatile,investments are at great risk.由于市场那么变化不定，投资冒着很大的风险。
• His character was weak and volatile.他这个人意志薄弱，喜怒无常。

16 cancellation   

n.删除，取消

参考例句：

• Heavy seas can cause cancellation of ferry services.海上风浪太大，可能须要取消渡轮服务。
• Her cancellation of her trip to Paris upset our plan.她取消了巴黎之行打乱了我们的计划。

17 corporate   

adj.共同的，全体的；公司的，企业的

参考例句：

• This is our corporate responsibility.这是我们共同的责任。
• His corporate's life will be as short as a rabbit's tail.他的公司的寿命是兔子尾巴长不了。

18 scrambling   

v.快速爬行( scramble的现在分词 )；攀登；争夺；（军事飞机）紧急起飞

参考例句：

• Scrambling up her hair, she darted out of the house. 她匆忙扎起头发，冲出房去。 来自《现代英汉综合大词典》
• She is scrambling eggs. 她正在炒蛋。 来自《简明英汉词典》

19 innovative   

adj.革新的，新颖的，富有革新精神的

参考例句：

• Discover an innovative way of marketing.发现一个创新的营销方式。
• He was one of the most creative and innovative engineers of his generation.他是他那代人当中最富创造性与革新精神的工程师之一。

20 somber   

adj.昏暗的，阴天的，阴森的，忧郁的

参考例句：

• He had a somber expression on his face.他面容忧郁。
• His coat was a somber brown.他的衣服是暗棕色的。

21 gatherings   

聚集( gathering的名词复数 )； 收集； 采集； 搜集

参考例句：

• His conduct at social gatherings created a lot of comment. 他在社交聚会上的表现引起许多闲话。
• During one of these gatherings a pupil caught stealing. 有一次，其中一名弟子偷窃被抓住。

22 luncheons   

n.午餐，午宴( luncheon的名词复数 )

参考例句：

• Edith Helm was not invited to these intimate luncheons. 伊迪丝·赫尔姆没有被邀请出度反映亲密关系的午餐会。
• The weekly luncheons became a regular institution. 这每周一次午餐变成了一种经常的制度。

23 makers   

n.制造者，制造商（maker的复数形式）

参考例句：

• The makers of the product assured us that there had been no sacrifice of quality. 这一产品的制造商向我们保证说他们没有牺牲质量。
• The makers are about to launch out a new product. 制造商们马上要生产一种新产品。 来自《简明英汉词典》

24 dealers   

n.商人( dealer的名词复数 )；贩毒者；毒品贩子；发牌者

参考例句：

• There was fast bidding between private collectors and dealers. 私人收藏家和交易商急速竞相喊价。
• The police were corrupt and were operating in collusion with the drug dealers. 警察腐败，与那伙毒品贩子内外勾结。

25 inventory   

n.详细目录，存货清单

参考例句：

• Some stores inventory their stock once a week.有些商店每周清点存货一次。
• We will need to call on our supplier to get more inventory.我们必须请供应商送来更多存货。

26 invoice   

vt.开发票；n.发票，装货清单

参考例句：

• The seller has to issue a tax invoice.销售者必须开具税务发票。
• We will then send you an invoice for the total course fees.然后我们会把全部课程费用的发票寄给你。

27 attune   

v.使调和

参考例句：

• His ear is still attune to the sound of the London suburb.他的耳朵对伦敦郊区的语音仍然一听就能辨别。
• Our ears are becoming attuned to the noise of the new factory nearby.我们的耳朵逐渐适应了附近新工厂的噪声。

28 leveraged   

促使…改变( leverage的过去式和过去分词 )； [美国英语]杠杆式投机，（使）举债经营，（使）利用贷款进行投机

参考例句：

• Chrysler has traditionally been a highly leveraged company. 克莱斯勒一向是一家周转十分灵活的公司。
• Leveraged recaps have become popular for a number of reasons. 杠杆资本重组的大行其道有好几个原因。

29 collapse   

vi.累倒；昏倒；倒塌；塌陷

参考例句：

• The country's economy is on the verge of collapse.国家的经济已到了崩溃的边缘。
• The engineer made a complete diagnosis of the bridge's collapse.工程师对桥的倒塌做了一次彻底的调查分析。

30 essentially   

adv.本质上，实质上，基本上

参考例句：

• Really great men are essentially modest.真正的伟人大都很谦虚。
• She is an essentially selfish person.她本质上是个自私自利的人。

31 ivy   

n.常青藤，常春藤

参考例句：

• Her wedding bouquet consisted of roses and ivy.她的婚礼花篮包括玫瑰和长春藤。
• The wall is covered all over with ivy.墙上爬满了常春藤。

32 unprecedented   

adj.无前例的，新奇的

参考例句：

• The air crash caused an unprecedented number of deaths.这次空难的死亡人数是空前的。
• A flood of this sort is really unprecedented.这样大的洪水真是十年九不遇。

33 fiscal   

adj.财政的，会计的，国库的，国库岁入的

参考例句：

• The increase of taxation is an important fiscal policy.增税是一项重要的财政政策。
• The government has two basic strategies of fiscal policy available.政府有两个可行的财政政策基本战略。

34 authorizes   

授权，批准，委托( authorize的名词复数 )

参考例句：

• The dictionary authorizes the two spellings 'traveler' and 'traveller'. 字典裁定traveler和traveller两种拼法都对。
• The dictionary authorizes the two spellings "honor" and "honour.". 字典裁定 honor 及 honour 两种拼法均可。

35 lipstick   

n.口红，唇膏

参考例句：

• Taking out her lipstick,she began to paint her lips.她拿出口红，开始往嘴唇上抹。
• Lipstick and hair conditioner are cosmetics.口红和护发素都是化妆品。

36 indicator   

n.指标；指示物，指示者；指示器

参考例句：

• Gold prices are often seen as an indicator of inflation.黃金价格常常被看作是通货膨胀的指标。
• His left-hand indicator is flashing.他左手边的转向灯正在闪亮。

37 supplant   

vt.排挤；取代

参考例句：

• Electric cars may one day supplant petrol-driven ones.也许有一天电动车会取代汽油驱动的车。
• The law of momentum conservation could supplant Newton's third law.动量守恒定律可以取代牛顿第三定律。

38 racing   

n.竞赛，赛马；adj.竞赛用的，赛马用的

参考例句：

• I was watching the racing on television last night.昨晚我在电视上看赛马。
• The two racing drivers fenced for a chance to gain the lead.两个赛车手伺机竞相领先。

39 advertising   

n.广告业；广告活动 a.广告的；广告业务的

参考例句：

• Can you give me any advice on getting into advertising? 你能指点我如何涉足广告业吗?
• The advertising campaign is aimed primarily at young people. 这个广告宣传运动主要是针对年轻人的。

40 merged   

（使）混合( merge的过去式和过去分词 )； 相融； 融入； 渐渐消失在某物中

参考例句：

• Turf wars are inevitable when two departments are merged. 两个部门合并时总免不了争争权限。
• The small shops were merged into a large market. 那些小商店合并成为一个大商场。

41 opting   

v.选择，挑选( opt的现在分词 )

参考例句：

• What courses are most students opting for? 多数学生选什么课程？ 来自《简明英汉词典》
• Wells doesn't rule out opting out and then re-signing with Houston. 威尔斯没有排除跳出合同再与火箭重签的可能。 来自互联网

42 cosmetic   

n.化妆品；adj.化妆用的；装门面的；装饰性的

参考例句：

• These changes are purely cosmetic.这些改变纯粹是装饰门面。
• Laughter is the best cosmetic,so grin and wear it!微笑是最好的化妆品，所以请尽情微笑吧！

43 aesthetic   

adj.美学的，审美的，有美感

参考例句：

• My aesthetic standards are quite different from his.我的审美标准与他的大不相同。
• The professor advanced a new aesthetic theory.那位教授提出了新的美学理论。

44 pregnancy   

n.怀孕，怀孕期

参考例句：

• Early pregnancy is often accompanied by nausea.怀孕早期常有恶心的现象。
• Smoking during pregnancy increases the risk of miscarriage.怀孕期吸烟会增加流产的危险。

45 maternity   

n.母性，母道，妇产科病房；adj.孕妇的，母性的

参考例句：

• Women workers are entitled to maternity leave with full pay.女工产假期间工资照发。
• Trainee nurses have to work for some weeks in maternity.受训的护士必须在产科病房工作数周。

46 addictions   

瘾( addiction的名词复数 )； 吸毒成瘾； 沉溺； 癖好

参考例句：

• He has removed the stigma of drug addictions. 他已经洗去吸毒的污点了。
• Intelligent people are good at using reason to control excessive addictions. 智慧的人善于用理性来控制过度的嗜欲。

47 apparently   

adv.显然地；表面上，似乎

参考例句：

• An apparently blind alley leads suddenly into an open space.山穷水尽，豁然开朗。
• He was apparently much surprised at the news.他对那个消息显然感到十分惊异。

48 jersey   

n.运动衫

参考例句：

• He wears a cotton jersey when he plays football.他穿运动衫踢足球。
• They were dressed alike in blue jersey and knickers.他们穿着一致，都是蓝色的运动衫和灯笼短裤。