All Entries Tagged With: "Economy"

Every time you buy an HDTV an angel gets its wings

How were the crowds at your local Best Buy, Circuit City and PC Richards yesterday?

Good? Great? Grim? (My local Best Buy was pretty crowded yesterday, to say nothing of the mall itself; parking space was at a premium.) To be sure, if there’s one item these retailers hope to sell this holiday season it’s HDTVs. [...]

Despite economic hard times, people are still addicted to cable TV

Americans, it seems, are addicted to cable TV. Like every other addiction, we need our hit so bad that we’ll ignore the realities of our financial situation—we’re all going broke, fast—in order to watch Entourage and Down and Dirty with Jim Norton.

Fall in LIBOR Bodes Well For Global Economy

After central bankers and policy-makers took unprecedented steps to shore up global financial markets, the economic support for the world’s banks — estimated at roughly $3.3 trillion — is starting to pay off. On Oct. 20, the London Interbank Offered Rate (LIBOR), the rate banks charge each other to borrow money, fell the most in [...]