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Economy Still Humming For Some

Oct. 27 2008, Published 7:07 a.m. ET

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RECESSION-PROOF It's the closest image we could find for 'Marilyn Monroe' and 'lick.' So is it a recession or what? Even those wealthy wads who drop piles of cash on Picassos and the like are feeling the pinch: The Wall Street Journal sees trouble ahead in the art world: "Sotheby's accounts receivable—the money owed by buyers who purchased art at auction—more than doubled to $835 million in 2007, according to Sotheby's annual report. That is the largest total in Sotheby's history."

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Even CEOs are hurting! "Bold boards are killing practices long popular among big bosses, such as retention grants of restricted shares, generous exit rewards and "gross-ups" to cover the taxes that executives have to pay for certain benefits." Can you imagine? Also? A whole bunch of banks have lost, like, millions of dollars. Still, there's plenty of good news on the economic front:

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