economic recovery

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  • Google shocker: American web company says web boosted American economy by $500 billion

    by 
    Jon Fingas
    Jon Fingas
    07.02.2012

    Who knew that a company which makes a lot of money on the web would be keen to pitch the web as important to the US economy? Google thinks it's as natural as breathing, as it just took significant credit for fueling real-world shopping. About 97 percent of Americans reportedly searched online for a local business -- it's safe to say Google was involved in a lot of those hunts -- and spent an average of nearly $2,000 per person at brick-and-mortar stores last year. The search giant extrapolates to argue that the web pumped about $500 billion into the US economy, even while excluding internet-only sales. That's certainly a staggering number that shows how much of a cornerstone the internet has become for American business, although it comes across as slightly insecure: a company that's reportedly under tight scrutiny from regulators might be eager to show just how much good it's doing for the public in tough economic times.

  • Lost Pages of Taborea: Fixing the economy

    by 
    Jeremy Stratton
    Jeremy Stratton
    10.03.2011

    I've got one more article concerning the current state of Runes of Magic's economy. To round out my trilogy, I'm taking a look at actual fixes to what could be seen as a broken mechanic. If the current inflation is indeed seen as something that is broken and could quickly damage the playability in RoM, then the fixes would likely be band-aids. It would take too long to rework an entire system filled with thousands of items, each affecting the other. The fix would also need to be implemented quickly. That puts some limitations on our speculations. What does the fix need to concentrate on? The problem seems boil down to the excess amounts of gold that can be hoarded -- hundreds and hundreds of millions can be saved up. It's also possible for high-level, well-geared players to accumulate gold rather quickly. In this week's Lost Pages of Taborea, I want to take a look at gold sinks (including one Frogster is testing), gold-caps, and some other ways to tame the economy.

  • Acer lowers forecast for tablet, notebook shipments, blames limping European economy

    by 
    Amar Toor
    Amar Toor
    06.15.2011

    Acer had high hopes for 2011, but it looks like its expectations may have been a bit too optimistic. Today, the company issued revised forecasts for shipments of its tablet PCs, predicting to move between 2.5 and three million units by year's end -- down from the five to seven million it projected earlier. Acer chairman J.T. Wang expects current quarter notebook shipments to dip by ten percent from their Q1 levels, before stabilizing or slightly increasing during Q3. According to the new-look firm, these downward revisions are largely due to lagging economic growth in Europe, though its Asian and US markets "remain healthy." European inventories are expected to decrease to normal levels by the end of this month, which should allow the company's market share to rebound during the second half of this year. It's certainly not a dire outlook, but it's probably not the start new Corporate President Jim Wong was looking to get off to, either.