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...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...
General Motors is 100 years old this year, but its chances of reaching 101 as an independent company seem to be diminishing. GM is running out of cash and ideas and pursuing merger talks with Chrysler, which is also talking to Nissan. Ford Motor Co. this year celebrated the 100th anniversary of the Model T, an invention that significantly altered almost every aspect of American life from shopping to sex. But Americans are doing demonstrably less of the former when it comes to cars. Sales are braking quickly, and this month are expected to be at their lowest level...
...doesn't really seem fair, does it? And it isn't fair. But it's what happens when your country's economy is the world's biggest and - more important - your currency is the world's currency. "Imagine how any other country would receive the news that it had been granted the right to discharge its international obligations, as the United States does, in its very own currency, which only it can lawfully print," James Grant writes in the new issue of Foreign Affairs. "There would be dancing in the streets...
...here to stay. Nigeria and Iran have both set their national budgets according to prices of about $80 a barrel, and Qatar's expectation has been $90 a barrel. "Producers very quickly got used to $100-plus prices," says Lee. "They thought of it as normal and justified. They seem to have very short memories...
...such a jungle / Maybe you wouldn’t feel so all alone / If your heart wasn’t such an ocean / I wouldn’t sink like a stone.” The second half of the album is generally better than the first, which would seem like emotional growth if “Who Do You Think You Are” weren’t two tracks from the end. Still, the last song, “Ain’t Gonna Lose You,” has a mellow humility that goes a long...