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They're hanging the black crepe today at The New York Times, the Associated Press, CNN, ABC, NBC, CBS and other mainstream media outlets. Why? Because the recession the media has been pining for months now has once again escaped their clutches. This after the U.S. Commerce Department reported this...
Read More | 15 Days Ago
There's a lot of pressure on CEO's to keep costs down in a struggling economy. One way they can do that is by outsourcing their IT services to overseas firms, especially to India. Now, this isn't exactly breaking news, but the rate that company's are turning to lower cost outsourcing programs is...
Read More | 21 Days Ago | Comments: 2 | Last Comment: 20 Days Ago
With the semiconductor market on the ropes, Intel is doing all it can to stay relevant - financially and globally. To that end, today's news that Intel has "doubled down" on China by rolling out its second venture fund in the burgeoning Far East Tiger. The fund, to be called the Intel Capital...
Read More | Apr 8th, 2008
Ughhh . . . The markets continue to resemble a guy who swallowed too many red hot chili peppers, only with no Tums or ice water in sight. The problem this week is last Friday's jobs report. Down 63,000 jobs and with the outlook unsteady for new hirings, economists buzzed about a new high in...
Read More | Mar 10th, 2008
Ugh. The tech meltdown turn toward the telecom sector this week, fixing its dark gaze on companies like AT&T, Verizon, and Sprint Nextel, among others. On Thursday, shares of telecommunications companies fell badly from the ongoing fallout amid credit concerns. The carnage was grim and deep. U.S....
Read More | Mar 7th, 2008
Your elected representatives have done it again. As if bogus bailouts, super-sized spending, and valuable time spent wondering if Roger Clemens should be banned from baseball over steroids or used as a float in the next Macy's Day parade weren't enough, Congress has planted the seeds of higher...
Read More | Mar 6th, 2008
Anybody reading this blog knows that the media has been adamant about the U.S. economy tanking into recession, with reporters putting their notebooks and tape recorders down and waving pom-pom's in support of economic strife for millions of Americans. Why? Once again, who knows? Probably because...
Read More | Feb 21st, 2008
Even as U.S. Treasury Secretary Henry Paulson reassured us on Friday that the economy "would not go into recession" in 2008", some people, especially consumers, aren't buying it. This is exactly what I'm talking about when I vent over the power of perception and the media's glee in talking down...
Read More | Feb 9th, 2008 | Comments: 1 | Last Comment: Feb 10th, 2008
It was supposed to be Christmas in May, with technology company executives harboring visions of wallet-waving consumers dancing in their heads. The reason? The proposed tax rebates coming from Washington that would put up to $1,500 in many Americans back pocket, and hopefully send them out to buy...
Read More | Feb 6th, 2008
Lots to talk about today. You've probably already have read about Microsoft's $45 billion buyout of Yahoo. Obviously, Microsoft is giving up on its MSN web portal and throwing it's weight and capital behind Yahoo. For Yahoo, which has seen its stock slide precipitously in the last year, the deep...
Read More | Feb 1st, 2008 | Comments: 1 | Last Comment: Feb 2nd, 2008
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