The Economist claims that prostitution in the UK has been hard-hit by the down economy, with men treating sex-for-money as a luxury lacking precedence behind rent, petrol and energy bills. At the same time, more women are reportedly engaging in sex-work, looking for money in an economy with high unemployment and inflation and contracting welfare and benefits. This increases competition for sex-work, driving prices down further. Some sex workers are dropping their prices, and one independent escort in the south of England says that she believes that prostitution can no longer serve as full-time employment adequate to covering all bills and expenses .
The days of being able to make a full-time living out of prostitution are long gone, reckons Vivienne, at least in larger towns and cities. “It’s stupidly competitive right now,” she laments. More people are entering prostitution, agrees Cari Mitchell of the English Collective of Prostitutes. Some working women in Westminster say they have halved their prices because the market has become so saturated. In London, and increasingly elsewhere, immigrants provide strong competition. But Sophie, an expensive escort in Edinburgh, says she is seeing an influx of newbies including students and the recently laid-off, many of them offering more for less.
Sex doesn’t sell [The Economist]
The U.S. Securities and Exchange Commission is suing Breitling Energy Corporation of Dallas, Texas, and its CEO, “Frack Master” Chris Faulkner, for fraudulently spending $80 million dollars of investors’ money on fancy dining, luxury cars, strippers, sex workers, and all the other fixins of a jet-setting sociopath’s lifestyle.
Volkswagen AG’s settlement with half a million U.S. regulators and diesel vehicle owners over polluting vehicles is valued at more than $15 billion cash, a source briefed on the matter told Reuters Monday. A separate report from AP puts the figure around $14.7 billion. If that’s accurate, the settlement will be the largest ever automotive […]
Arriving in my inbox at a steady clip this morning: a series of phishing emails aimed at Bitcoiners, promising that the sender has found a bug in “the Bitcoin client” and promising “Pay 0.07 BTC today, get 10 BTC for 15 hours.”
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