Modernomics* – Daily Writings on Technology
a site by Erik T. Kaiser, Design Technologist
It should be noted that unemployment “stabilized” in November and if the trend continues, we should see the rebound starting to take place. Lawrence H. Summers, President Obama’s top economic advisor, predicted on Sunday that by the spring the ranks of working Americans will start to grow once again. via Summers Predicts Job Growth by [...]
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Really interesting article from Deloitte’s Lang Davison about the “problem” with traditional business metrics. Relates back to the Shift Index I spoke about earlier. During a steep recession, managers obsess over short-term performance goals such as cost cutting, sales, and market share growth. Meanwhile, economists chart data like GDP growth, unemployment levels, and balance-of-trade shifts [...]
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photo credit: photomequickbooth IBM has brought Cisco Systems and a host of the world’s biggest energy services companies into partnership with its flagship energy efficiency and carbon reduction consulting service, Greentech Media reports. Last year, IBM launched a consulting practice, called “Green Sigma,” based on taking sensor data and analysis software and applying them toward [...]
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Opening Day: The iPhone 3G S – Hollywood has its red-carpet premieres. The NFL has the opening kickoff celebration. For technology fans, Apple’s rollout of its latest devices are as good as it gets. Tech Recruiting Clashes With Immigration Rules – Half of the engineers working in Silicon Valley were born overseas. Tech Payoff for [...]
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A cautious forecast from FedEx Corp. and a downgrade of 18 banks from a credit rating agency are giving investors new reasons to worry about the economy. Stocks fluctuated Wednesday after FedEx issued a weak profit forecast and downbeat comments about the economy. Analysts look to shipping companies’ business as a gauge of the economy’s [...]
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Worry About Rebound Lowers Stocks Investors continued to sell off stocks on Tuesday, as commodity prices fell and new economic data dashed hopes for an imminent rebound. New figures showing a 1.1 percent decline in industrial production reinforced that view, and blunted the impact of other, more positive economic numbers. “You have a one-two punch [...]
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Wall Street opened modestly higher on Tuesday after investors took in a couple of better-than-expected economic reports. The Dow Jones industrial average was about 17 points higher in early trading, with the broader Standard & Poor’s and the technology heavy Nasdaq up only a few points. On Monday, the Standard & Poor’s 500-stock index fell [...]
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THE human side of the recession, in the new media genre that’s been called “recession porn,” is the story of an incremental descent from excess to frugality, from ease to austerity. The super-rich give up their personal jets; the upper middle class cut back on private Pilates classes; the merely middle class forgo vacations and [...]
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“Clients’ needs are clear: save money, preserve capital and reduce costs,” Chief Executive Officer Sam Palmisano said in a speech to the company’s business partners. “With your partnership, we help them do that … You are critical to IBM’s success.” [Via Reuters]
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