economics

  • Too big to fail: Using MMOs to study economics

    We all know that real world officials have used games like World of Warcraft to monitor the spread of infectious diseases, like trout flu. But what’s new to my eyes, broken pieces of junk that they are (I wouldn’t be able see Jupiter even if I were five feet away from it), is that researchers are using them to study economics. It’s simultaneously a bad and good idea. Read More

  • Sony posts $1.03 billion dollar annual loss, first in 14 years

    We kind of knew this was coming, but sure enough, Sony just reported a $1 billion dollar annual loss. This is the first down year in over 14 years. Thankfully the loss was slightly less at $1.03 billion than the forecasted $1.1 billion, but that’s still a lot of missing cake. The loss was caused by a 17% decline in electronic sales, 18% in the gaming segment, and the appreciation of the Yen. Read More

  • Blu-ray going like gangbusters

    A report by NPD Group founds that Blu-ray players sold over 400,000 units, an increase of 72 percent over 2008 while sales increased 14 percent. Also, folks are more likely to get a Blu-ray player sooner than later. Read More

  • Pay cuts, not layoffs, coming to HP

    Hewlett Packard isn’t doing so well like ever other consumer electronic company. Profit and sales are down, blah, blah, blah. You know the drill. Anyway, instead of laying off the 20,000 people like the financials indicate, the company is issuing company wide pay cuts starting at the top. Read More

  • What does the downturn mean for gadget freaks?


    With news of doom and gloom coming at us from every side I would like to take a moment to look at the market as it stands and assess what a slow-down/recession will mean for us, the tech obsessed. To recap, we are in this mess because of what amounts to a credit freeze. Companies that once could request “cash” to cover overnight expenses – we’re talking millions… Read More

  • Biofuel producers catching heat amid rise in food price


    There’s been riots over the rise in food prices. You may heave heard about, or even seen first-hand, rising food costs. (As have I—milk is how much?) Just be grateful you’re not a biofuel producer, since those guys are feeling some heat, namely for “crimes against humanity.” That’s a hard accusation to shake, methinks. Certain individuals are blaming… Read More

  • A tired attempt to scare you away from freeconomics

    [photopress:freestinks.jpg,full,center] Aren’t we supposed to take a hands-off approach to the market? Like, whatever happens, happens? That’s what I thought. ReadWriteWeb today has a counter argument to Chris Anderson’s everything will be free thesis, only it’s among the weakest counter arguments I’ve ever read. The gist—free does not equal good. Good can… Read More