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...Dell does not do well what it is supposed to do well. It has become a second rate PC company. It proposes to partially offset that by entering a business which is controlled by Apple (AAPL) and RIM (RIMM), the maker of the Blackberry. Because smartphone margins are high, Nokia (NOK), the world largest cellphone company, Samsung, and Sony Ericsson are also rushing into the market. The traffic jam is going to be extraordinary...
...government reported that fourth quarter GDP contracted at an annual rate of 3.8%. That does not approach the 7.8% in the second quarter of 1980 or the 10.4% post-war record set in the first quarter of 1958. The consensus estimate among analysts was for a 5.4% drop...
...figures bear that out. The four biggest killers in Tehran today are road accidents, estimated to cost 28,000 lives every year; cardiovascular diseases tied to Tehran's polluted air and the high rate of smoking among men; depression; and drug addiction. "More than 70% of factors that affect health are social," says Dr. Mohammad Mehdi Golmakani, a municipality health adviser who is looking at the social determinants of disease...
...team of researchers pointed out last year in a study in the journal Psychological Science, sadness can stimulate something this economy badly needs: consumer spending. According to the Department of Commerce, just when the economy was tanking during the third quarter of last year, the personal-savings rate jumped to its highest level in nearly four years. In the long term, a higher savings rate will help prevent future credit meltdowns, but most economists agree that in the short term, we need to stop stuffing paychecks into mattresses. Being sad can help do this because, as the authors...
...This is not completely true. You can't literally steal, say, a vacation home from the year 2050 and plant it next to a beautiful lake in 2009. Nor can you beg, borrow or steal money in 2050 and spend it in 2009. But you can reduce your savings rate in 2009, spend the money instead and leave a less prosperous country in 2050. And if you borrow money from foreigners in 2009, as we have been doing more and more, they can indeed come knocking in 2050 and demand their money back. With interest...