Word: demanding
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...game Enigmo. Formerly a desktop game developed by Pangea Software of Austin, Texas, it was ported over to the iPhone in May around the time the iTunes App Store launched. Pangea started out selling it for $9.99. "The iPhone App Store has been a textbook example of supply and demand because at first there was a huge demand for the new apps, but there was a very small supply of them - only a few dozen games," founder Brian Greenstone told me. "So we could charge $9.99 easily for them...
Before long, there were thousands of games on the market, and demand hit a natural high. Pangea dropped the price to $0.99, an enormous discount that initially pained Greenstone - until sales took off. "The incredible sales volume has more than made up for the drop in price," he said. "I initially thought we might sell 20,000 copies of Enigmo over its lifetime on the iPhone, but we've already done almost 500,000 just in five months." That's $1.8 million in sales, according to Greenstone. Cro-Mag Rally, another Top 10 title from Pangea, has sold nearly...
...economy, for delayed harvests in the Richmond, Chicago and Minneapolis Districts, all of which experienced unusually wet weather. Corn farmers in the Midwest are still feeling the aftershock of a Nov. 1 bankruptcy in South Dakota (one of the nation's largest ethanol producrs). A global drop in cotton demand hurt the region's cotton farmers, who saw both a decline in prices and one of the smallest harvests in 25 years. Homebuilders in the Sixth District, which includes Alabama, Florida and Georgia, noted historically high inventory numbers, despite Florida's modest gains in real-estate sales last month...
...Detroit to assume a world in which gas prices would remain below $2 a gal. was asinine. In Europe, gas had long sold for more than $5 a gal., and tax policy ensured that it would stay there; the growing BRIC countries - Brazil, Russia, India, China - were driving up demand. Detroit's response was to lobby furiously against increasing fuel-economy standards instead of building more-efficient SUVs...
...Susan knows the global challenges we face demand global institutions that work. She shares my belief that the U.N. is an indispensable and imperfect forum." - Barack Obama, on Rice's appointment, Washington Post...