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Megan McArdle

Megan McArdle - Megan McArdle is a senior editor for The Atlantic who writes about business and economics. She has worked at three start-ups, a consulting firm, an investment bank, a disaster recovery firm at Ground Zero, and The Economist. More

Megan was born and raised on the Upper West Side of Manhattan, and yes, she does enjoy her lattes, as well as the occasional extra-dry skim-milk cappuccino. Her checkered work history includes three start-ups, four years as a technology project manager for a boutique consulting firm, a summer as an associate at an investment bank, and a year spent as sort of an executive copy girl for one of the disaster-recovery firms at Ground Zero … all before the age of 30.

While working at Ground Zero, Megan started Live From the WTC, a blog focused on economics, business, and cooking. She may or may not have been the first major economics blogger, depending on whether we are allowed to throw outlying variables such as Brad Delong out of the set. From there it was but a few steps down the slippery slope to freelance journalism. She has worked in various capacities for The Economist, where she wrote about economics and oversaw the founding of Free Exchange, the magazine's economics blog. She has also maintained her own blog, Asymmetrical Information, which moved to The Atlantic, along with its owner, in August 2007.

Megan holds a bachelor's degree in English literature from the University of Pennsylvania and an M.B.A. from the University of Chicago. After a lifetime as a New Yorker, she now resides in northwest Washington, D.C., where she is still trying to figure out what one does with an apartment larger than 400 square feet.

They say the lights are always bright on Broadway . . .

By Megan McArdle
Jan 6 2009, 8:37 AM ET Comment

One of the staple film tropes of the 1930s was the difficulty of being a kid in the theater with all the shows closing. 




Stage Door is possibly the most famous, but the same idea entertained audiences from the start of the Great Depression to the finish.

Even in good times, shows close, of course.  But in hard times, they close a lot faster:

Yet the prospect of darkness and days off came with a different meaning this past Sunday night, as nine Broadway productions -- including "Hairspray," "Young Frankenstein," "Boeing-Boeing," "13" and "Grease" -- closed for good, some as scheduled, and some as a result of declining audiences in grim economic times.

And so after the shows there were parties, of course, with a good deal of laughter and tears here and there, and a lot of white wine and hard-to-identify canapés. But there was also a sense of heavy reckoning -- over the high price of Broadway tickets, over the future directions of theater actors' careers, and over the real sadness that can accompany a production marquee dimming for a final time.

"For me, it feels like putting a pet to sleep, but not because it's sick -- because you can't afford dog food," Marc Shaiman, who was the composer of the music and the co-author of the lyrics for "Hairspray," said during its closing-night party at the club Arena. "So I can't make peace with it -- if I had seen it sick and dying, I could make more peace with it."

Anyone selling an expensive luxury is going to find themselves putting a lot more of their pets to sleep in the next few months.


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