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Posts Tagged ‘economic recession’

Higher Storage Product Quality Cramping Worldwide Sales, Reports Say

Overall sales were down slightly year over year; key factors were the world economic recession and, ironically, the continuing overall improvement in the quality of new-generation storage hardware and software.
– Researchers IDC and Gartner both came out with their quarterly data
storage markets reports March 5, and they each show a slight decline in
worldwide sales over the last year.

Key factors in the downturn turn out to be not only the world economic
recession but, ironically, also the continui…


Global Yellow Pages posts net profit falls by half to $9.4m for 9M09

Global Yellow Pages, the publisher of telephone directories and provider of classified directory advertising reported group revenue for the nine months ended Dec 31 2009 (9MFY2010) of $31.2 million, a decrease of $25.2 million compared to the corresponding period last year due to the revised publication dates for the Singapore Phone Directories Consumer and Chinese editions and also the impact of the economic recession.

Read more…

Yankee Predictions for 2010 Include Chrome OS, Netbooks

Among its predictions for 2010, Yankee expects more Americans to cancel their landlines, netbooks to fall from grace, Googles Chrome OS to enjoy success and for Huawei to lead U.S. LTE rollouts. In all, the researcher says opportunities are waiting in the new year.
– Yankee Group has released its annual report on predictions for the new year. Offering a positive outlook for 2010, the firm reports that while the economic recession has changed attitudes in the communications sector, these changes are creating opportunities for businesses smart enough to recognize,…


Microsoft`s Windows 7 Tried to Vanquish Vista Memories in 2009

Microsoft’s 2009 was largely dominated by the ramp-up to the release of Windows 7, its desktop operating system and its biggest launch of the year. In this first part of a three-part series, eWEEK traces Windows 7 from the announcement of the beta release at CES 2009 to its Oct. 22 launch and aftermath. With a lot riding on the operating system’s acceptance by both consumers and the enterprise, Microsoft engaged in an aggressive marketing and outreach campaign that seemed to pay off with rapid early sales and adoption, although the ultimate success of Windows 7 is indeterminate until 2010 and beyond.
– Microsoft’s
2009 was a pivotal year for the company, to say the least.
The economic recession that gripped much of the tech industry did not spare Redmond,
which was forced to report a 17 percent decline in year-over-year revenue for
the fourth quarter of fiscal 2009. Earnings came in at $13.10…


Amazon Was Most-Visited Retail Site On Cyber Monday

Amazon.com was the most-visited retail site on Cyber Monday, according to statistics firm Experian Hitwise, which suggested the online retailer received 15.53 percent of U.S. visits to the top 500 retail sites. A separate report by research firm comScore suggested that Cyber Mondays online sales totaled $887 million, a 5 percent increase from Cyber Monday 2008. Overall, financial analysts are concerned that consumers still stung by the economic recession will be reluctant to open their wallets this holiday season.
– Amazon.com topped Experian Hitwises list of the top-visited
retail sites on Cyber Monday, the Monday after Thanksgiving that represents the
traditional start of the holiday online shopping season. The statistics firm
said Amazon.com received 15.53 percent of U.S. visits to the top 500 retail
Web…


Wireline Data Spending Declines in Recession, Report Finds

The economic recession is taking its toll on wireline data spending among U.S. businesses, but is expected to rebound in the coming years, a report by In-Stat finds.
– A report from market research firm In-Stat found spending on wireline data
services by U.S.
businesses this year is falling across nearly every category, with the
exception of IP VPN and Ethernet services. Overall, In-Stat expects a nearly 2
percent decline in U.S. business spending on wireline …


Microsoft Cuts 800 More Jobs Worldwide, Exceeding Original 5,000

Microsoft confirms plans to cut another 800 employees from its worldwide payroll, as part of its longer-term plan to eliminate 5,000 positions. With its revenues hammered by the recent economic recession, Microsoft eliminated the employees as part of a larger program to streamline its operations. Added to the total number of layoffs occurring throughout 2009, the new job cuts likely exceed the originally predicted 5,000-employee job-cut total.
– Microsoft
confirmed on Nov. 4 that it will cut an additional 800 employees from its
payroll, from multiple locations around the world. These newest eliminations
are part of a larger 5,000-employee cut announced at the beginning of 2009.
This latest round of cuts, however, may have slightly exce…


Vestas is too vital to lose

The government must now put our money where its mouth was in the energy white paper and support the renewables industry

The chorus of red-green dissent over the proposed closure of Britain’s sole major wind turbine manufacturing plant perfectly indicates just how spectacularly this Labour government has failed both workers and the environment. In microcosm, the situation in the Isle of Wight demonstrates the extent to which ministers have ignored calls to promote the renewables industry – squandering opportunity after opportunity to create or protect jobs in fledgling green industries, as well as to meet the UK’s greenhouse gas reduction targets.

But it also illustrates the creative way in which the unions and the green movement are recognising that they share a common agenda based on an understanding that green politics can deliver both jobs and social justice.

After the NHS and the council, Vestas is the largest employer on the Isle of Wight. The loss of 600 jobs during a time of economic recession will have a devastating effect on the community. But it is clear to all involved that the decision to close the factory has a wider significance beyond the island’s economy, and those workers currently occupying the plant in a valiant attempt to preserve their futures.

The decision to close the plant goes to the very heart of the critical challenge of our time: the need to address the economic and energy crises in a way which also tackles climate change head-on. It brings us right back to the Green New Deal, an innovative plan to restructure the economy through a billion-pound package for investing in green jobs – in renewables and energy efficiency – to dramatically reduce carbon emissions and cut householders’ fuel bills.

In the wake of its white paper on energy, expectations were high that the government might be offering companies like Vestas a real reason to maintain UK operations and thus protect UK jobs, through a more favourable policy environment and long-term investment plans, combined with any necessary loans or guarantees. But the rhetoric on renewable energy has yet to be matched with swift and tangible policy changes to ensure, for example, that the wind turbines we will need to build for a greener and more sustainable future make use of parts created in UK factories – not by workers thousands of miles away.

We are undoubtedly entering a period of public spending cuts. And by all means, let us cut the mindless spending of the previous decade of turbo-consumerism, as well as gratuitous spending on the military, renewal of the Trident weapons system, unnecessary ID card schemes or endless road-building. But we must replace this with targeted investment in the energy efficiency and renewable energy infrastructure we so urgently need to enable us to make a swift transition to a steady-state, zero carbon economy.

Thanks to years of government neglect, the wind energy industry suffers from a significant lack of demand in the UK and Europe. In the face of weighty pressure from the powerful “dirty” energy lobby – coal, gas and nuclear – the government has lacked the courage to give clear signals to encourage sustainable and profitable investment in the fledgling green industries.

The renewable industry has also suffered the consequences of an unwieldy and inconsistent planning system. Only an urgent reform of the UK’s planning system that would put environmental sustainability at its heart can ensure that renewable energy developments can prosper. Where there are pressures for conflicting environmental benefits, such as the need to exploit renewable energy opportunities while also seeking to protect the UK’s rural landscapes, we need improved dialogue and firmer planning regulations to ensure that green spaces, green belts and biodiverse brownfield sites are protected – while at the same time providing space for the renewable energy industry to grow.

The proposed Isle of Wight closure isn’t just a huge blow for the 600 skilled British workers set to lose their jobs. It threatens any attempt the UK makes to position itself at the forefront of global technological efforts to create a greener and more sustainable future. The renewables sector – and the public at large – need something more substantial than intentions laid out in white papers. Ministers could make a positive start by proving to Vestas, and other renewable energy players, that it is seriously committed to providing security for future investment, to a major overhaul in policy and planning, and to the crucial fight against climate change.

guardian.co.uk © Guardian News & Media Limited 2009 | Use of this content is subject to our Terms & Conditions | More Feeds


Vestas is too vital to lose

The government must now put our money where its mouth was in the energy white paper and support the renewables industry

The chorus of red-green dissent over the proposed closure of Britain’s sole major wind turbine manufacturing plant perfectly indicates just how spectacularly this Labour government has failed both workers and the environment. In microcosm, the situation in the Isle of Wight demonstrates the extent to which ministers have ignored calls to promote the renewables industry – squandering opportunity after opportunity to create or protect jobs in fledgling green industries, as well as to meet the UK’s greenhouse gas reduction targets.

But it also illustrates the creative way in which the unions and the green movement are recognising that they share a common agenda based on an understanding that green politics can deliver both jobs and social justice.

After the NHS and the council, Vestas is the largest employer on the Isle of Wight. The loss of 600 jobs during a time of economic recession will have a devastating effect on the community. But it is clear to all involved that the decision to close the factory has a wider significance beyond the island’s economy, and those workers currently occupying the plant in a valiant attempt to preserve their futures.

The decision to close the plant goes to the very heart of the critical challenge of our time: the need to address the economic and energy crises in a way which also tackles climate change head-on. It brings us right back to the Green New Deal, an innovative plan to restructure the economy through a billion-pound package for investing in green jobs – in renewables and energy efficiency – to dramatically reduce carbon emissions and cut householders’ fuel bills.

In the wake of its white paper on energy, expectations were high that the government might be offering companies like Vestas a real reason to maintain UK operations and thus protect UK jobs, through a more favourable policy environment and long-term investment plans, combined with any necessary loans or guarantees. But the rhetoric on renewable energy has yet to be matched with swift and tangible policy changes to ensure, for example, that the wind turbines we will need to build for a greener and more sustainable future make use of parts created in UK factories – not by workers thousands of miles away.

We are undoubtedly entering a period of public spending cuts. And by all means, let us cut the mindless spending of the previous decade of turbo-consumerism, as well as gratuitous spending on the military, renewal of the Trident weapons system, unnecessary ID card schemes or endless road-building. But we must replace this with targeted investment in the energy efficiency and renewable energy infrastructure we so urgently need to enable us to make a swift transition to a steady-state, zero carbon economy.

Thanks to years of government neglect, the wind energy industry suffers from a significant lack of demand in the UK and Europe. In the face of weighty pressure from the powerful “dirty” energy lobby – coal, gas and nuclear – the government has lacked the courage to give clear signals to encourage sustainable and profitable investment in the fledgling green industries.

The renewable industry has also suffered the consequences of an unwieldy and inconsistent planning system. Only an urgent reform of the UK’s planning system that would put environmental sustainability at its heart can ensure that renewable energy developments can prosper. Where there are pressures for conflicting environmental benefits, such as the need to exploit renewable energy opportunities while also seeking to protect the UK’s rural landscapes, we need improved dialogue and firmer planning regulations to ensure that green spaces, green belts and biodiverse brownfield sites are protected – while at the same time providing space for the renewable energy industry to grow.

The proposed Isle of Wight closure isn’t just a huge blow for the 600 skilled British workers set to lose their jobs. It threatens any attempt the UK makes to position itself at the forefront of global technological efforts to create a greener and more sustainable future. The renewables sector – and the public at large – need something more substantial than intentions laid out in white papers. Ministers could make a positive start by proving to Vestas, and other renewable energy players, that it is seriously committed to providing security for future investment, to a major overhaul in policy and planning, and to the crucial fight against climate change.

guardian.co.uk © Guardian News & Media Limited 2009 | Use of this content is subject to our Terms & Conditions | More Feeds


Deane Waldman: “Anything” is NOT necessarily better than the healthcare we have now.

Healthcare is considered so sick in the USA that many believe anything is better than what we have now, so let’s pass ObamaCare. At…

Video Game Sales Post Steep Decline in June, Report Says

According to a report from the NPD Group, video game software and hardware sales plunged 31 percent in June, compared with the same period last year, the worst year-over-year monthly decline since September 2000.
– Long touted as one of the most recession-proof markets, the video game industry is finally beginning to feel the full effects of a worldwide economic recession. Research firm NPD Group announced video game software and hardware sales in the United States plunged $1.17 billion, or 31 percent, in June…


Beyonce Detroit Free Concert Ticket Giveaway

Beyonce has a special treat in store for the cash-strapped citizens of Detroit, Michigan – the R&B sensation is handing out thousands of tickets to her upcoming concert in the city free of charge.
Thousands of residents while receive free tickets to Bey’s I Am… Tour at the Palace of Auburn Hills on Saturday, July 18.
The [...]

Microsoft CEO Ballmer Sees Tech Refresh Happening Despite Economy

Microsoft CEO Steve Ballmer suggested that even the worst economy in decades won’t prevent IT administrators and the enterprise from executing a tech refresh, in comments seemingly aimed at those reluctant to embrace Microsoft’s upcoming operating system, Windows 7. Despite the recession, Microsoft plans to invest more than $9.5 billion in R D in the coming year.
– Microsoft
CEO Steve Ballmer suggested during a July 14
speech in New Orleans that the
economic recession wont necessarily remain an impediment to enterprises
refreshing their IT infrastructure.
quot;This is not an economic prediction, just a thought exercise, quot;
Ballmer told a large audie…