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...This is not to say that Pixar movies are inevitably superior to the DreamWorks stuff - though Oscar voters seem to think so. Eight years ago, when the Academy of Motion Picture Arts and Sciences established an award for Best Animated Feature, DreamWorks got the first one, for Shrek. Since then, Katzenberg's homegrown product has been shut out (the studio distributed Nick Park's veddy English Wallace & Gromit: The Curse of the Were-Rabbit), while Pixar has won four: Finding Nemo, The Incredibles, Ratatouille and WALL-E. "Each year I do one DreamWorks project," actor Jack Black told the crowd...
Another issue is that while there are signs that housing and consumer spending in the U.S. are no longer in the free fall of a few months ago, other parts of the economy are still in sharp decline. To quote Shepherdson again: "The epicenter of the recession has shifted from the consumer to the corporate sector." And it's possible that corporate cutbacks could lead to a relapse among consumers. "The main downside risk probably lies in sharper-than-expected multiplier effects via the dramatic deterioration in the labor market," warned Goldman Sachs economist Jan Hatzius on Monday after predicting...
...couple of month ago, India's chief finance minister may have made calls to the heads of IBM and several other large U.S. tech companies to tell them that the huge developing nation was hemorrhaging high-end tech jobs. Whether the call happened or not, looking at statistics from India it would be easy to see that the costs of outsourcing technology work to firms based there is dropping as unemployment in the country rises...
...news is troubling because labor costs in the U.S., even among highly educated adults, are falling. American workers should be available for employment at salaries much lower than they were two years ago. But, it appears that IBM has elected to move jobs offshore rather than keep them in the U.S. despite the trend of more tech workers losing their jobs here...
...hearing about stresses and strains between the U.S. and Europe. The big issue here is that we have a globalization that has brought 4 billion people into the world economy, where 10 or 15 years ago there used to be only about a billion. So you have this enormous change that has taken place in the world economy, but we have a global financial system without an effective form of supervision. We've got huge climate-change and energy problems that can only be addressed at a global level. And we've got problems of poverty that need some international...