Monday, December 14, 2009
Video Games are very popular in today’s society. Just in the month of November alone there was an estimated 2.7 billion dollars spent on video games.
In October, there was an estimated 19 percent decrease in software accessories sold from the same month last year. Anita Frazier believes that this month will help video games sales a lot. Her reasoning behind this is because of the holiday. November and December are always the two biggest months for video games sales. The recession cut into flexible spending and there were fewer hit game launched than in 2008. Call of Duty Modern Warfare 2 brought in an estimated 550 million dollars over 5 days. This was a record in sales for any video game every made. The most popular video game system right now is surprisingly the Nintendo. With the Nintendo Wii and the Nintendo DS this company has had overall good success. Software sales are down 3% from last year and sales of accessories re down 6%.
Video games are very popular amongst college and adolescents today. I play about 30 minutes of video games a day. The most beneficial part of the article has to do with how much video game industries are struggling with sales and coming out with a profit. I think most companies are having problems today with staying positive and making a profit. This sudden decrease in sales won’t stop video game companies from coming out with new games, and new equipment to better their numbers. That should be the work ethic of all companies. One day I will like to own my own business and I know if my company is ever struggling I will have to do whatever it takes to get it back on track.
Monday, December 7, 2009
Facebook Must Woo Investors Before Any IPO
Google has become one of the most preferred tech stocks this decade, but sometimes it wasn’t always considered to be a sure bet. Facebook is a very popular Internet system that is used by an estimated 350 million users across the country. Some shareholders are not convinced that Facebook is a stock that they want to own. I think that Facebook stock is a good idea and also a good investment. Facebook is by far the most popular social network of all time, but will it be a bust like myspace and friendster?
In September, the company announced it was cash flow positive. All the money that Facebook generates from various advertisements and other revenue sources exceeds the cost of services and other capital expenditures. Marc Andreessen believes that the company will generate about 500 million dollars in 2009. The biggest concern is that Facebook lacks a business model. Google relies on Internet advertising for its sales, most people don’t use Facebook to shop or research products. Today Facebooks biggest competitor is Twitter. In my opinion more college students use Facebook than Twitter. I think Facebook will last for along time as well. It is very popular among adolescents today and it’s a great way to keep in touch with friends that are at different schools.
Facebook has a lot riding on their shoulders. Most social networks that have come out in this decade have been a failure, or something better came out that grabbed the attention of people. Facebook is by far the most popular social network of all time but can they continue to that status for years to come. I think the answer to that is yes. Every month it seems that they change something on the site, or make something that is new and fun. In my opinion, Facebook will be around for along time and I don’t see any new social networks coming out that can match the success of Facebook. Facebook has been very successful already and it will only get better. Investing in Facebook would be a risky investment, but I think in the long run you will see a lot of production.Monday, November 30, 2009
In Shanghai there is going to be a Disney Land built and the estimated cost will be 24.4 billion yuan. That is 3.6 billion American dollars. To this date, out of three overseas Disneyland’s in the World, only the Tokyo Park has seen any type of profit. Reports have said that this Disney in Shanghai will be the mother of all Disney Lands. In Hong Kong Disney Land is growing. They have reported to have agreed on extending the park by wanting to add three new lands onto the existing four that are already there. Hong Kong Disneyland today has denied that there are plans for even more expansion, but for now that’s not necessary. After many years of worrying about competition, Hong Kong’s Disney Land has been one of the most productive out of all Disney Land’s.
This article has given me the idea that even though something can be a risk, you have to understand the risk and look beyond it. Shanghai will be taking a big risk when they come out with their new theme park, but that is something that they are willing to face and hopefully they will be successful in doing so. Someone that doesn’t take risk in my opinion will never be as successful as they could be. I am a person that is willing to take a risk and I know I will do whatever it takes to be successful in whatever I do.
Monday, November 16, 2009
At General Motors, Loss Reduction Is a Good Start
Power From Pond Scum
Buddy, Can You E-Mail Me 100 Bucks?
The article starts off by saying what if you could send money to a friend that you owed money to through a phone rather than going to an ATM or mailing a check. Having something like this would be awesome but to me it sounds a little unrealistic. People in Japan and Europe can already do this. U.S. consumers have embraced online shopping and e banking. Americans will soon be ready to move to person-to-person mobile payments.
To me it still seems that payments done on a mobile phone will be hard to do. “A recent poll by Mercatus, a financial consulting firm, showed that the proportion of people ages 26 to 34 who had used a cell phone to buy goods or pay for a product or service had doubled, to 14%, in the past year.” This could be a reason why banks and different financial companies are trying to add this person-to-person payments on mobile devices. People are on their phones everyday and having a feature like this could be very effective. Companies like PNC Financial, Bank of the West, and the Boeing Employees Credit Union are teaming up to make this happen and this will hopefully be launched in 2010. The one question is how is this going to work? It works by signing up for a service through your bank or another provider. Enter an e-mail address or phone number to send money to anyone you know. Your bank's person-to-person payment system will be included with your regular online banking, and the funds will be debited from your account. At the other end, the recipient may get the cash deposited directly into an account or have it posted to an existing credit card or a prepaid card.
This just shows how lazy people are these days. People are lazy as it is, and having something like this on your phone will allow people to sit around more and not have to make there payments in person. The idea of this is cool though, it just shows how technology is changing the world today.
Sunday, November 15, 2009
Last weeks Essay: Dangerous Days for Video Games
Video Games have become a way of life for most teenagers today. When people don’t know what to do with there free time video games is always something they can do to keep them busy. I probably play on average 4-5 hours of video games a week and I would say that is low for most college students. Even with this being said, video games are not being sold as much as they used to and a lot of video game companies like Xbox and Playstation are struggling right now.
Call of Duty Modern Warfare came out last week and this was one of the most anticipated releases for a video game in a long time. Even with this being said, companies like Wal-Mart and Amazon are handing out $20 discount coupons to lure in buyers. “As of October, according to the research firm NPD group, sales were off 12% in the U.S.” Anita Frazier believes this is coming from the economy. Call of Duty coasted the company about 200 million to launch the game and about 40 million to develop says Michael Pachter, a Wedbush Morgan Securities analyst. Predictions say the Call of Duty will still be down money unless Christmas bring a surplus.
Video games are very popular but the companies are still struggling. I think maybe it is because on how expensive it costs to buy them. Most video cost 60 dollars when they are popular and for most college kids that is very expensive. When I am working there will be obstacles that will come my way. If what I am doing isn’t working I will need to try something else to be successful and do whatever it takes to get done what needs to get done. In the case of these video game companies they need to find a way to get sales back to what they were. Decreasing price is a possibility but they are spending a lot to make the game so that may not be the answer.
Sunday, November 1, 2009
Lance Armstrong, from cycling to real estate
One of the greatest athletes in this decade is Lance Armstrong. He won the Tour de France a record breaking seven years in a row. He was diagnosed with cancer once in his life and that didn’t stop him from coming back and wining more bicycle races. Lance Armstrong is the type of person that will work as hard as he can to be successful. I am confident that Lance Armstrong will be just as good in Real Estate as he was when he dominated the bicycling field.
After he retired from riding bikes, he now wants to get involved in real estate. He joined agent Bill Stapleton and business manager Bart Knaggs to from CSE realty partners. This company is a privately held real estate investment company that is based in Austin, Texas. Bill Stapleton and Bart Knaggs have been directing more than 20 successful enterprises since 1995 and have recruited a man by the name of Lance Sallis to lead CSE realty with them. This company will also include a former NFL wide receiver Patrick Jeffers of the Denver Broncos. Lance Armstrong is a very smart person and entrepreneur. He was the co founder of the live strong company.
Lance Armstrong is someone that I can look up to. His drive to get over cancer and to get back on the bike to continue to do something that he loves was an awesome thing to see and most people would of given up. He is a leader and a competitor and I would consider my self to be a leader as well. He wants to get involved in real estate so he gets three partners that are smart and that understand what the business world is and what they have to do to be successful. If people in the business world have the mindset that Lance Armstrong has then they will be very successful.
MBA's Confront a Savage Job Market
A student from New York University was smart, had a lot of good internships on his resume, and was president of two clubs at his school. None of this mattered he said when it was time to find a job after school. MBA students today have found themselves facing the worst hiring season of all time. The average number of students without job offers three months after graduation at the top 10 programs was 15%. That number is just 3% points higher than the rest of the top 30. Mark Brostoff thinks that students need to recognize the value of other career paths instead of holding on to their different hopes of working on Wall Street. Recruiters will show up on campus early in the fall to do interviews and hand out sweet deals with bonuses to the candidates they believe deserve to work for them. When the September market collapse happened the campus hiring took a plunge. Last year at UCLA only 7% of students in the top 30 received an offer in the three months following graduation. This year the number was close to 12%. Patricia Baione was a graduate from Columbia Business School and she turned down a great job offer. What she didn’t know when she did this was a year later she will still be looking for a job. Early signs so far this year don’t show that a recovery will happen in incoming jobs. Mark Brostoff believes that the upcoming months will be even worse.
Are Investors Ready for Higher Interest Rates?
Are investors ready for higher interest rates? The U.S. domestic product report that was released on October 29 showed that the economy grew by 3.5% last quarter. Treasury process fell after the release of the GDP figure. The Fed’s open market committee said in a statement “economic conditions are likely to warrant exceptionally low levels of the federal funds rate for an extended period.” Jeff Kleintop believes that the Fed could start raising the rates in 2010. His reasoning comes from the fed and how they have pumped trillion of dollars into the financial system. A recovery will push the money into the economy and this he believes will spike inflation. The direction of interest rates can have a big effect on investors. Low rates have benefited the financial sector and this has helped banks to begin recovering from the huge losses during the recession. Interest rate outlook depends on where the economy is headed.
Monday, October 26, 2009
Other Paragraphs for Why Amazon Rules Retail
Why Amazon Rules Retail
Sunday, October 25, 2009
Fed & Treasury Pitch Pay Rules, But Will They Work?
The Fed and Treasury had a huge impact by unveiling a sweeping compensation rules that apply to executives at banks and other financial companies. The treasury has rules that apply to seven companies that have gotten an extraordinary taxpayer aid. These companies include AIG, Bank of America, GM and Chrysler to name a few. The Fed takes their proposals and they consider formalizing them after a 30-day comment period. This will tell the bank holding companies just how the agency intends to assess their pay practices. Kenneth Feinberg has a policy to pay only for the top five executives and the 20 highest paid employees at each of the firms. This will result in various government bailouts. The main focus is on swapping big chunks of cash in salary for stock and replacing annual bonuses with restricted stock. In Feinbergs words “salarized” shares belong to executives immediately but they can only cash it out over the course of three years. In the article they say the better approach would have been to fine tune each executives pay package to his duties mainly for the ones responsible for specific business unites instead of the firm as a whole.
The Economy: Beware the Bottlenecks
The article starts off by saying there is a nice thing about a recession and that is everything is on sale. James B. Bullard is the president of the Federal Reserve Bank in St Louis and he brings up the idea of the recession of 1774-1775. He says that the Fed overestimated the amount of unused productive capacity in the system. In result of this, the Fed kept a monetary policy that was to easy and wound up with high inflation. Economist, business executives, and supply-chain experts believe that shortages are short-term problems that wont harm the economy as a whole. They think the big risk will come from deflation. The auto industry is most vulnerable to supply disruptions even with the massive decline in sales. Automakers have decreased their capacity and this has help sustain prices. Cash for clunkers has produced shortages for Ford vehicles like Escape and Chevy Cobalt. To end the article it says that the central bank needs to be prepared to fight a war on two fronts. The fronts that he is referring to are inflation and deflation.
Monday, October 19, 2009
Wal-Mart
Wal-Mart is a big global market and it rates among the top give global retailers. Wal-Mart had a strategy called big box low price model. This was an effective strategy in the United States but in some other international countries like Germany and Korea it wasn’t such a success. Four countries like Japan, India, Russia, and Chile are trying to seek new sources of global wealth and they are struggling doing so. Wal-Mart has had many different types of issues while in Japan. Some were managers resisting its initiatives to tendency among Japanese shoppers to compare prices with other products. Edward Kolodzieski is the CEO of Wal-Mart in Japan. He has 20 stores and cut 29% of corporate staff since he has been appointed CEO. India and Russia are the two worlds fastest crowing retail markets and the two most frustrating for foreign retailers. Best Price employs 25 people to go around the region and check prices at other competitive stores and make sure that Wal-Mart has the best value. It says in the article that 10 to 15% of Best Price products currently go right from the field to the shelves. They want the number to increase to 40% by next year. Wal-Marts in Russia are not doing well and it said the 35% of the companies stake was sold to TPG a private equity arm. Wal-Mart has increased D&S’s expansion budget from 150 million to 250 million and that money will go towards 70 stores next year.
Industrial stocks are up 27% in the last three months. Some of the big industrial companies that are making more and more money now are General Electric, Technologies, Caterpillar, and Honeywell. Since the economic disarray that started in 2008, companies have been liquidating their inventories at a rapid rate. In the article it says that the U.S. needs to export more and import less. A weaker dollar is said to benefit this idea. Gary Wolfer a chief economist for Univest Wealth Management believes that the world and the U.S. economy will bounce back strongly. He backs that up because the stock market is getting better and energy prices are better. The U.S. economy needs industrial firms like Caterpillar and UPS to do well because other parts of the U.S. economy aren’t doing so well like home construction.
Monday, October 12, 2009
Sunday, October 11, 2009
new web site
Apple is a big company that has a good website. Having a company like that it is essential to have a website especially in today’s society were people spend a lot of there time on the internet. To start off, they have everything labeled in bold so it’s easy to see what were looking for. They have pictures of there products on there home page as well as different downloads and supports for there products. They also have videos that you can watch on some of their products so you can get a visual understanding of what the different products are. They have all of there big products on the site and everything is very accessible and easy to understand makes and that makes a good site. www.apple.com
Bad web site
This website is awful. I don’t know what its about but they have random items on their page that have absolutely nothing to do with what the company is. The company is a Cherokee Rose Border Collies and there is a skeleton on the home page with a rat on it. There is also a glob with hearts rotating around it and music in the background that is annoying. There is a castle that looks like it is from the movie a nightmare before Christmas. There is also a bunch of random icons on the page including the playboy bunny and I am sure that has nothing to do with the company. The worst part of the site is the bottom has 7 presidents that are dancing. Just really annoying to look at and doesn’t catch my attention like other good websites.
Gary Vaynerchuk's startup advice
Gary Vaynerchuk is building an obsession with wine, internet, and business. He has a book called Crush it and it is about technology and passion. He thinks building a business is about picking a specialty you love, build up your reputation, and make money by selling advertising. Vaynerchuk turned a family’s small liquor company into a wine company that makes 60 million a year. There was a study that said passion and self-efficacy is the measure of confidence and how a company is successful or not. Paula Davis has been making soap by hand as a hobby for 4 years. At one point she wanted to return to her old job as a legal assistant, but she didn’t want to put her kids in day care during the day. She sold her company to Canyon Creek and Soap on Amarillo Texas she just wanted it to be something small until her children got older. Five years in, she is still continuing to make soap selling wholesale to private label products in stores. She is said to of maid 65,000 in revenue. Vaynerchuk wants people to rethink their priorities in there business aspect and what they do in life.
Washington Revives the Mortgage Cramdown
Many hope that a renewed push to allow cramdown and this would let bankruptcy judges adjust the terms of home loans to give borrowers relief. Cramdown is hated by the banking industry some democrats think that the effort to fix the housing mess is not going as well as it hoped. Ecconomy.com says that 3.8 million homes will enter foreclosure this year that is a 41% increase from 2008. Lenders want to avoid the loss they take from lowering what homeowners pay. Institutions are largely innocent of the worst excesses of the crisis and tend to be viewed favorably on Capitol Hill. President Barrack Obama supports this during his campaign and soon after his election. There are people that say the administration did little to push for passage of the bill. It is said that Obama was unwilling to place further stress on already fragile banks. Durbin is said to attract senators to embrace the bill of these foreclosures continue to surge.
Wednesday, October 7, 2009
Kindle goes international
401(k) article
Smart grids
Monday, September 28, 2009
Obama going to Denmark
Online Libraries
Book publishers love the Internet and web. There are big name publishers such as Amazon and Sony that have electronic readers already. Revenue rose from 1.8% to 3.71 billion in the first of 2009 already. In the first half of 2009 E-Book sales were at an all time high of 61.2 million that was a 24.6 million increase from the year before. Hochheiser who is the vice president of Cengag says that e books are the fasting growing business out there today. It is said that this is a key tool for companies that are training budgets because it makes it easier and more efficient to do there work. Online book rentals are also at an all time high. McGraw hill will rent their textbooks at a 40 to 70% cheaper value than a new book. Why would anyone not want to take advantage of that. Google is going to pay publishers to make digital books available at a reduced price to consumers. This makes it easier to access books for students so that they don’t need to use there libraries and college students will be looking for anything to cut there costs on books.