http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/ Engadget Comments for http://www.engadget.com/media/feedlogo.gif http://www.engadget.com en-us Copyright 2012 Weblogs, Inc. The contents of this feed are available for non-commercial use only. Blogsmith http://www.blogsmith.com/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:35PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:37PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 4:09PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/
The best thing government could do is stop trying to fix the economy and let the economy heal itself. It will, but it's going to take a couple of years at least. Anything they do might create short term relief, but in the end will prolong the problem and make recovery harder, after all the 700B bailout was a raging success, right?
]]>Jan 22nd 2009 4:40PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/
anyways, i follow news on a daily if not hourly basis. and all this news about many economist thinking we might lose more jobs tthis year than in 08 doesn't make me feel any better. I've been desperately trying to find work steady work (looking for PT work since i'm going to college FT doesn't make it any easier) for about a year now...and this doesn't make my outlook any rosier. ]]>Jan 23rd 2009 1:21AMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/
1. Sell your products cheaper.
2. Gimmie a 1.8 and 1.6 vaio P]]>Jan 23rd 2009 2:06PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:36PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:40PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:51PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:54PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Feb 5th 2009 12:33PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:37PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/21/apple-records-another-record-quarter-1-61b-profit/ ]]>Jan 22nd 2009 3:39PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:40PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:59PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/
Yeah, it was pretty great.]]>Jan 22nd 2009 4:37PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 4:41PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:40PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:43PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:45PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:43PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:49PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:45PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:48PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/
But these figures are insane. And if all the unemployed united together with all the combined talent and job experience I can imagine a sweet ass company from all the jobless from microsoft sony seagate etc...... Maybe a mega company could form that would overthrow all others.]]>Jan 22nd 2009 3:52PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/
You could also end up with less total sales than the year before, yet make more profit than the previous year.]]>Jan 22nd 2009 7:54PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:53PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:55PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:54PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 4:01PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 4:32PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/
Onward and upward. ]]>Jan 22nd 2009 3:54PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:58PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 4:30PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 4:39PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/
The U.S. is a capitalist system with government regulations. Also, if you have ever learned ANYTHING about history, you would know that capitalism goes through cycles of boom and bust. It has happened ever since the start of the U.S. There was the Panic of 1907, Panic of 1876..... the list goes on. It happens about every 20 years or so. Mostly, these things are caused by some sort of speculation failing. In this case, it's real estate and the end of the dot-com boom. There may also be falling interest from the Iraq war. The dot-com bubble popped a while ago, but we haven't really felt the problems until now. Overall, the problem can really be summed up with speculation, aka. credit.

Anyhoooo, the only reason I mention this is because of what happened in 1907. J.P. Morgan, one of the wealthiest men in America at the time, used his vast amount of personal wealth to re-invigorate the banks by investing his money in them. 1907's panic would have been much worse if he didn't do this, and by 1910, America was pretty much back to normal. I wonder: we have enough people with large amounts of personal wealth.....who wants to step up and help America and the world out a bit.

This is hardly the death of Capitalism. Go on back to your socialist country. America will weather the tough times. You can really make an allegory to natural selection and population growth and bust in nature.]]>Jan 22nd 2009 4:57PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/
Without capitalism, you have no freedom.]]>Jan 22nd 2009 5:14PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/an economic system in which investment in and ownership of the means of production, distribution, and exchange of wealth is made and maintained chiefly by private individuals or corporations, esp. as contrasted to cooperatively or state-owned means of wealth.

Sounds like capitalism to me, no?

Which bubble is gonna save capitalism the next go around?]]>Jan 22nd 2009 5:04PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/
It will always be something. Humans are too creative to not come up with anything new or revolutionary. Also, yes, it is capitalism, but not PURE capitalism. Pure capitalism was what we had before the 1920s or 10s. Then the government started taking more interest in the practices of businesses. You think that this recession is bad. The percentage loss is around the same. We are just that much richer (and inflated) to make it seem worse than it really is.

Last time was the dot-com. Next will be perhaps some sort of space frontier. Everyone will do it, and then when some of them have built residences on the moon, and others will apply for credit to do the same, but there will be shady business practices, people won't pay for their credit, and it will all come crashing down again.

It's a cycle, people. Just like everything in this world, in this Universe. Just hang on.]]>Jan 22nd 2009 5:23PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 3:54PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/
My Name is Caboose]]>Jan 22nd 2009 4:01PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/
The current market scares me though, was interested in buying a condo. Am starting to think now's not the time...]]>Jan 22nd 2009 4:02PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 4:44PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/
So the banks have won. They put out a doom and gloom message, you stop or hold back on buying a new house, car, computer, gadget, etc, and next thing you know, more lay offs. The cycle goes on.]]>Jan 22nd 2009 7:06PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 4:06PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/
Yes, good plan there sport. Good thing we've got you advising us. We almost screwed things up for a minute.]]>Jan 22nd 2009 4:25PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 6:20PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 7:23PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 4:07PMhttp://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/http://www.engadget.com/2009/01/22/recession-roundup-sony-warns-of-1-7b-loss-other-companies-not/Jan 22nd 2009 4:25PM