Word: downturns
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...home entertainment industry is also counting on the new Blu-Ray technology to help carry it through the downturn. With Blu-Ray players now available for less than $200, Adams expects consumers to adopt the high-def format as readily as they did VHS during the 1981 recession. "Household adoption of new technologies seems to shrug off recessions," Adams says - and as the Iron Man sales show, worrying economic news doesn't seem to be slowing consumers down...
...Slowing the downturn may have just got a bit more complicated, as well. The Organization of Petroleum Exporting Countries (OPEC) announced Friday that it is cutting output by 1.5 million barrels a day in an attempt to halt the slide in oil prices. The price of oil has dropped from $147 a barrel in July, to just $64 Friday. Lower oil prices have been one of the few positive changes in the financial and economic tempest...
...more people started using RealtyTrac data to understand the downturn, a backlash took hold, largely because of the company's method of counting the three steps of foreclosure separately; the numbers, critics said, were wildly inflated. One of the protests came from Kathi Williams, director of the Colorado Division of Housing, who in 2007 publicly called RealtyTrac's numbers--which put Colorado near the top of the list of states with foreclosure problems--"ridiculous and irresponsible." "It was devastating Colorado in terms of consumer confidence and mortgage lending into the state," she says. The Mortgage Bankers Association, which releases well...
...Hadaway explained she met with Pfoho Resident Dean Lisa M. Boes and two HUPD officers several weeks ago to address safety. Since the meeting, however, incidents have continued to occur, including multiple burglaries and a car theft. According to Hadaway, the HUPD officers told her that given the economic downturn, people hard-strapped for cash would attempt to steal more. The petition created by Hadaway, fellow co-chair Rafael A.P. Miranda ’09, and HoCo executive Krista E. Weiss ’09 follows an Undergraduate Council meeting two weeks ago that featured a discussion between students...
Recessions make their presence felt in myriad ways. Aside from the obvious fiscal consequences, the prospect of a global economic downturn also induces subtle, yet profound, psychological changes. Researchers have found that in hard times people prefer models who look mature—probably because evolutionary instincts compel them to search for a capable provider—while slow, contemplative tunes like “That’s What Friends Are For” are favored over more upbeat melodies...