It’s all about profit, and I understand where the silence is coming from, but they are missing the long-term picture. [Chinese leaders’] end game is to extract as much technology out of American companies as they can, transfer that to their own companies and, when they feel those companies have reached a level of technical maturity, show the American companies the door.
—Dan Slane, chairman of the U.S.-China Economic and Security Review Commission,speaking to Bloomberg about Google’s plan to offer uncensored search data in China and why the information giant stands alone.
Evidently, AT&T thought it best not to mention the iconic super-smartphone too much lest its executives be driven offstage by a mob of iPhone users complaining of dropped calls, lousy service, delayed text and voice messages and testudine download speeds.
—John Paczkowski on AT&T’s Consumer Electronics Show event earlier today.
If you went down to our cafeteria, [this bagel] costs like $1.25. That’s what people pay for stuff like this, so you mean to tell me I can’t get them to pay that for online access to all the incredible stuff in The Inquirer and Daily News online? People who say that all this content wants to be free aren’t paying talented people to create it.
We have low share, by the way, in the investor audience. I can see the Apple logos versus the PC logos. So we have more work to do, more work to do. Our share is lower in this audience than the average audience. But don’t hide it. I’ve already counted them. I have been doing that since we started talking.
It has been 513 calendar days since the stock market peaked on Oct. 9, 2007. Since then, the S.&P. 500 is down 56 percent and the Dow is off 53 percent. On Jan. 29, 1931—the identical number of days after the 1929 market peak—the S.&P. 500 was down 49 percent and the Dow was down 56 percent. The 1929 crash got off to a much faster start, but we have now more or less caught up.
Floyd Norris, The New York Times
Do you have a story of the econolypse that you’d like told? Please e-mail Joe Wilcox: joe at oddlytogether dot com.
The essential problem with the newspaper business today is that it is suffering from a huge imbalance between supply and demand. What the Internet has done is broken the geographical constraints on news distribution and flooded the market with stories, with product. Supply so far exceeds demand that the price of the news has dropped to zero…
