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...twice the price of conventional digital cameras. The picture frame will cost several hundred dollars, too; Fuji isn't sure yet how much to charge for 3-D prints. "We know that if it's over 500 yen [$5] per photo, it probably won't sell," says Takeshi Higuchi, general manager of Fujifilm's Electronic Imaging Division...
Call it Generation Disappointment. As the recession tightens across Europe, the young are hurting disproportionately. Nowhere is that more obvious than in Spain where unemployment in the general population runs to more than 17% and one in three people younger than 25 is out of work. Many have no frame of reference for what is happening; they grew up with two decades of strong economic growth and the optimistic assumption that they would be better off than their parents, just as their parents did better than the generation before them. The realization that Nikes, Wiis and cell phones...
...three. The great majority of those "trash contracts," as they're called by locals, go to the young, making them the easiest (read: least expensive) workers to fire. None of this is new. Young people have complained of being mileuristas since Europe adopted the common currency and the general precariousness of many jobs has long forced a kind of prolonged adolescence, with adult children living in their parents' homes well beyond graduation. But the recession is scaling back even the limited opportunities casual positions offer. Not only are there fewer jobs available - Spain lost 620,000 positions...
...pictures of General Motors factory-scapes...
While youth unemployment across the E.U. is significantly higher (17% for those 25 and under) than in the general population (7.6%), some countries are more vulnerable than others. German companies tend to hire workers at an early age; French and Spanish firms prefer temporary contracts to get around sometimes draconian labor laws. "The social crisis is more pronounced [in France and Spain] because their citizens believe policy should create more employment. But in a downturn, it leads to a rapid increase in just the opposite," says Askenazy...