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Archive for the ‘Economy’ Category

Wii- making it top of the sales

Recently, I was reading a article and what truly surprised me was that people are willing to pay anything for a wii. If you look on ebay, you can see that wii’s are actually being overpriced, so if you get one in stores for $250, you are in for some profit.

The company didn’t expect like this to happen, but apparently, the demand has exceeded the supply so they don’t mine selling more and more. Nintendo is pumping about 1.8 million wii’s a month worldwide, so they sure are going to have a happy x-mas. Oh wait, I think they already are!.

They are making mad money this holiday season not only from the system, but also the million accessories it has to offer. Well, nintendo is making big bux. Good to see some company alive int he market.

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Compusa Rumor- going out of business?

Well, it is shocking that Compusa is planning to leave the market.

Engadget.com covers it pretty well, so here is the article below

So we’ve heard enough banter about CompUSA being on its last legs and possibly shuttering completely after closing more than half the chain’s stores earlier this year. Well, chalk this up to rumor (in fact, rumor with prejudice if you must), but we’re privy to a high-level internal email competitor Best Buy recently circulated which claims to have it on authority (but not “verified”) that CompUSA’s holiday revenue is half what it was last year (which, as commenter Hans points out, might have to do with those store closures), store-restocking shipments are not being scheduled past February, and additional liquidators are being called in to help manage closure of the 103 remaining stores. Sure, it could be a sneaky misinformation campaign — or it could be the truth. We gave CompUSA a ring, and their PR team has yet to respond to the claim; but for what it’s worth, if we weren’t already hearing this kind of thing elsewhere (or didn’t believe it plausible) we wouldn’t waste your time.

Dang, is this really possible.

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China expanding

China is expanding so fast that it has become one of the fastest growing countries in the world. Well, that was obvious, since everything we use in our lives, is simply “Made in china”. However, many aren’t aware of China’s impact on the environment. The excess burning of coal, and the usage of power plant has caused severe damage in the environment. China has realized that in the long run it is very harmful, so I am glad they are finally getting cracking on the environmental rules, and the usage of which material to use.

You have to think in the long run. How will your business be in the long run. Attaining quick success in short term means nothing, a business that survives in the long run is what people look toward to. Remember, no matter how bad a business in the beginning, but if done honestly the economy itself will upbring the business. It’s like an automated process.

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Investment Banks get hit

Recently, the economy has been doing so “bad” that even banks are feeling the tumble. Companies which include Goldman Sachs (GS), Merrill Lynch (MER), Lehman Brothers (LEH) and Morgan Stanley (MS) are all expected to be hit in the upcoming months of Holidays. The Credit Crisis has hit all these companies due to the one underlying fact, and that is: the reduction in the economy, the falling dollar, and the loss of consumers in the market. The market has become so dead, that selling anything on the basis of a loan, such as houses, has become a dream.

These companies including Citigroup, will take the hit from the paralyzed mortgage market.

However,

The credit crisis has had wide effects, including a sharp slowdown in the previously booming mergers-and-acquisition craze.

On top of steep credit losses, fewer deals will hurt profits because the big firms had raked in huge returns from M&A activity

There is a rumor that there will be another cut in rates by the Fed on Dec.11.

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Sears buying restoration

Sears Holdings Corp. said it may make a binding tender offer to buy Restoration Hardware Inc. if the home furnishings retailer provides access to confidential information, according to a regulatory filing Monday.

Based on public information, Sears said it is prepared to offer $6.75 per share for Restoration.

Restoration Hardware told Sears that it is unwilling to sign the confidentiality agreement on Sunday, according to the Securities and Exchange Commission filing.

In a letter to Restoration Hardware’s special committee dated Friday, Sears said it has made “numerous requests” to receive confidential information to determine whether to submit a binding proposal for the company.

Sears’ offer for the company would compete with Restoration Hardware’s previous agreement, announced Nov. 8, to be acquired by private equity firm Catterton Partners for $267 million, or $6.70 per share.

In its letter, Sears said Restoration Hardware did not provide the company with guidance or information that would have enabled the company to submit a superior proposal in advance of the Catterton agreement.

On Nov. 19, Sears purchased a 13.7 percent stake in Restoration Hardware and said it is considering a takeover of the specialty home furnishings retailer.

Restoration Hardware shares dipped 8 cents to $6.98 in morning trading, after closing Friday at $7.06. Sears shares fell $2.49 to $110.09.

Sears is buying restoration. Restoration a hardware company already had sold 13.7 to sears, but now since sears wants to dohmeenate, it can’t bear the sharing of revenues.

Acquisitions are such a vital part of a business. Making a business grows first requires to look at your competitors. You can make it? why not buy it? Keep this concept in mind, and you shall atain anything.

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Is the dollar really getting weak?

Apparently, the U.S economy seems to be in a pre-recession, and getting any hopes on the increasing dollar is illogical. The dollar continues to weaken, as many other developing nations take in lead for business. Many companies are outsourcing, thus making the dollar weak because there is a decreasing demand for dollar.

How is the dollar getting weak?

The dollar is getting weak by losing its demand. If no products are made in the U.S, there is nothing left for other companies to buy from here, so there is no demand. No demand -= no increasing value of our currency. Investing in gold and precious metals is the best choice as far as investments go. Property has been iffy, and it can be risky to buy as an investment still.

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Fed chops key interest rate by another quarter point.

Fed are really expecting that sizzling Christmas gift because they chopped another quarter point. Fed sees the housing cycle decline faster than the toilet flush, so they decided that they would not handle this pressure, and pain in their knees. The move, was to reduce short-term rates by a quarter point to 4.5 percent, was aimed at preventing the meltdown in housing from crippling the rest of the economy.

Well, so what happened?

Oil prices surged nearly 4 percent and gold futures were up about 1 percent. The dollar modestly weakened against other major currencies.

The worst is yet to come.

Fed officials and private economists alike have predicted that the housing market has yet to hit bottom. Housing starts in September were down 31 percent from the year before. Sales of existing homes have dropped 30 percent since their peak in 2005, and the supply of unsold homes last month reached its highest level in more than 19 years.

The housing market is going to go more down than ever. If you got the cash. Buy your house now with all the incentives :D

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Childhood comes back, now with accessories too!

Ever wondered where those days have gone by? Those days where your primary focus of life was to beat your little friends in manhunt? But how was the main question. You tried walkie talkies, bikes, and even put banana peel traps across the domain for your optimal success…and you still lost! But now the tables have turned, this time, you will win. How you ask? Via Airguns!

No longer will you face the infamy, the shame that has been scarred through your veins and dirty blood impulsed through each and every moment of your living. Airgun Depot offers the finest toy-guns out there from replica guns to BB guns, you will no longer feel insecure on your yearning conquest for that desperate attempt you have been seeking for so long, so many years. Think about the endless possibilities, we are speaking of intense fun, with pellet guns, air rifles, air pistols, bb guns and bb gun accessories, as well as a great selection of airsoft guns, blank guns, and paintball. With such a diverse variety to choose from, you will regain your childhood back, one more TIME!

Red Ryder

The best part is, these guns are top quality and are perfect for target practice, plinking, hunting and games. So come on, get your friends over and show them whose REALLY the boss!

This is a sponsored post.

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Economics - We have 3 Americans take the nobel prize

Yep, we finally have 3 American men who have taken the Nobel Prize for Economics. They had a stroke of genius.

Here are the pictures:

These guys were awarded the nobel prize for creating and developing a sophisticated explanation of the interaction among individuals, markets and institutions.

They had developed

mechanism design theory, has influenced thinking on a wide range of problems in economics and political science, from the design of government bond auctions to patent systems to voting procedures.

The names of people from right to left : “Leonid Hurwicz, Eric S. Maskin and Roger B. Myerson” . Hurwicz is the eldest. 90 years old.

The winners have won a total sum of $1.56 million.

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Wall of WIND! New Hurricane tactic!?

We humans of Earth, especially among the east coast of the United States have always cherished the fact that we have nice beawtiful swunshwine, but for the most part, we defy the contemplation that we are vulnerable to dangers many men have not yet faced till now.

But as we can see, the tables have CLEARLY turned. We now face devastating winds and rains and other hazardous materials in which one may resent his/her opinion and ultimately claim the situation as “unacceptable”. So now the battle stands, in which the little clever monkeys that we are, to effectively protect ourselves from the mother nature.

So basically, FIU had an epiphany earlier this lifetime and decided to raise the level of tolerance and act now before we unbearably witness our own doom in our own hands. They made the WALL OF WIND, which is just 6 BIG fans that literally throws over a 120 mph winds towards any given property.

Wall of Wind

What’s special is that it tests how strong the roof of the house is. Their purpose is to make a house survive AT LEAST category 3 hurricane winds. So they put this iron mat or something below the roof’s tiles and it sticks out about 6 inches above or so. The point is it hold the roof tiles in place. Many companies have already planned to invest in their new idea and it seems appealing to the general mind. So thats it, get your house tested, and see if YOUR hood can survive zeh winds!

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