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01 Nov 2009 10:43

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Biz, Tech: Nintendo needs to do a lot to save its hide quickly

  • We sensed that the market mood was cooling off in the spring. But frankly, we hadn’t expected to get as bad as it did by summer.
  • Nintendo President Satoru Iwata • Describing the quick decline in sales of the Nintendo Wii this year. Despite the company’s cut in price on the Wii, it kind of made things worse this quarter: Profits dipped 52%, while sales slid 28%. Nintendo’s working hard to make some changes to help improve profits – new Mario and Zelda games are coming soon, and the company could make changes to the platform to enable (on the Wii’s end) Blu-Ray discs and (on the DS’ end) 3G and social networking. Oh, how the mighty have fallen. • source
Posted by Ernie Smith • 2 Comments • Permalink

30 Oct 2009 09:12

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Biz, U.S.: Consumer spending doesn’t keep up with clunker sales

  • +1.4% the increase in consumer spending in August, largely thanks to cash for clunkers
  • -0.5% the comedown after the high in September, which isn’t promising for the holidays source
Posted by Ernie Smith • 0 Comments • Permalink

26 Oct 2009 13:29

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Biz: Verizon gets hit – hard – by lowered corporate spending

  • 30% decline in The Network’s 3Q profits; ouch source
Posted by Ernie Smith • 0 Comments • Permalink

29 Sep 2009 10:20

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Biz: Consumers lose a bunch of confidence in September

  • 53.1 consumer confidence this month; that’s way down source
Posted by Ernie Smith • 0 Comments • Permalink

12 Sep 2009 11:43

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Culture: The porn industry is no longer recession-proof, guys

  • 30-50% estimated decline in revenues for the porn industry during the recession; stars are getting paid less, too
  • 2,000 fewer porn films are being made now than in previous years; free porn on the Internet is (in part) to blame source
Posted by Ernie Smith • 0 Comments • Permalink

27 Aug 2009 10:16

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U.S.: Obama’s honeymoon with independent voters is over

  • 66% Obama’s approval rating in May from independent voters
  • 49% his indie approval rating in August; wonder what happened source
Posted by Ernie Smith • 0 Comments • Permalink

26 Aug 2009 10:00

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U.S.: The national SAT results sure aren’t making anyone look smarter

  • 501 The average SAT reading score, down a point from a year ago.
  • 493 The average SAT writing score, also down a point from last year.
  • 515 The average SAT math score, steady but still down from 2005. source
Posted by Ernie Smith • 0 Comments • Permalink
 

07 Aug 2009 09:59

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Biz, U.S.: Here’s some Friday optimism: The unemployment rate’s down!

  • 9.4% the rate in July; break out the two-buck Chuck source
Posted by Ernie Smith • 0 Comments • Permalink

23 Jun 2009 21:14

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Biz, U.S.: Ah, housing numbers. Per usual, they don’t make anyone happy.

  • +2.4% increase in sales of previously-owned homes in May, a number the National Association of Realtors say might be deceptive
  • -6.8% decline in value of housing, year-over-year in April. Sound depressing? Well, that’s what Wall Street thought source
Posted by Ernie Smith • 0 Comments • Permalink

14 Apr 2009 10:27

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Biz, U.S.: Regarding that whole good economic news thing: Hold your horses

  • -0.3% fall in retail sales in March after a good February source
Posted by Ernie Smith • 0 Comments • Permalink
 
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