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Entries in Economy (12)

Saturday
Jan282012

Rolls-Royce Exploring Chinese Market

Rolls-Royce says they've sold more vehicles than ever before, thanks in large part to China. Because of this spike in sales, the automaker intends to develop more of a relationship with the wealthier buyer interested in a $300,000 vehicle.

Monday
Oct242011

Scooter Sales Rising with Gas Prices

via latimes

It's said a rising tide lifts all boats... if the same can be applied to gas prices and Vespa sales, the scooter company's ship has come in.

Vespa and other scooter brands find they are selling more scooters as the price of gas increases.

Read more...

 

Saturday
Oct082011

Right Here All Over Again:Occupy Wall Street (Short Film)

via boingboing

Directed by Alex Mallis.

If you aren't from the New York City area or haven't had the chance to venture downtown to City Hall, this short film should give you an idea of what's taking place.

The movement is spreading across the country and drawing attention to banking community.

 

Friday
Sep302011

Hallmark Cards to Give to the Unemployed

Now, instead of having to say, "Hey man, I heard they cut your job at the plant" or "My sister told me you got laid-off", you can simply go to the nearest card section, find one of Hallmark's newest cards for the newly laid-off or unemployed and let Hallmark do the rest.

Read more...

via latimes

Thursday
Jun092011

Alcohol Sales Up With Employment Down

People may not be saying it, but they are buying and consuming more wine and liquor than they were when the economy was flowing with money.

With unemployment up and the markets trying to adjust themselves many are turning to pour a glass of their favorite libation.

Find out why...

via cnnmoney

 

Wednesday
Feb092011

Beverly Hills Gives Good Will Ambassador The Boot

via kabc

Amy Powell reports times are so hard that Beverly Hills has had to let one of their own go.

After a decade of greeting tourists and shoppers along Rodeo Drive, Gregg Donovan was given his walking papers because there is no money in Beverly Hills... for him.

He was also told, by the Beverly Hills Conference and Visitors Bureau, to surrender his rights as the "Ambassador of Beverly Hills".

Donovan is famous for his greeting, "Welcome to Beverly Hills, you have arrived!".

Perhaps he'll go to Hollywood, Venice Beach, Burbank or Watts. 

Read more...

Saturday
Jan222011

NFL Players Lobbying On Capitol Hill for Collective Bargaining Agreement

Pete Kendall (l) and Jeff Saturday(r) on Capitol Hill this week. Photo: Alex Brandonvia usatoday & kcstar

NFL players were in Washington D.C. lobbying congress to get involved in their talks with the NFL to get a new collective bargaining agreement with ownership.

NFL owners decided not to renew the existing agreement in 2008, which expires March 3, 2011, this sets the stage for a possible lockout if the player reps and management can't come to an agreement about key points :

  • owners want to lower player salaries by close to 18 percent
  • owners also want more revenue - as it stands players get 60 percent of total league revenue
  • players want do not want more games added to scheduled season
  • players want to see the owners books(although ownership says they are open)
  • the players union is seeking to file an antitrust lawsuit against ownership
  • there is also a dispute concerning whether owners should collect TV revenue for unpaid games

To gain support in this fight, the NFL Players Association is turning to politics and old fashioned lobbying to get a deal on the table before pre-season.

Pay attention to this is you're a football fan, because you might not be able to see any football in 2011 if a deal is not reached... an it doesn't look like one is coming any time soon.

Read more about the Washington, D.C. visit...

Read more about the issues surrounding the potential lockout...

Wednesday
Jan192011

Nigeria's Growing Middle-Class Requires Status Symbol

A used car being prepared for sale. Photo: George OsodiCustomers looking at cars in Lagos, Nigeria. Photo: George Osodivia wsj

In Lagos, Nigeria there is an emerging middle-class.

With their rise in social strata comes the need to make others aware - here is where the ownership of a car comes into the picture.

While they do have enough disposable income to buy a car, they don't have enough to buy a new one, thus they buy used or "new used" cars.

See the slide show and read about the used car as status symbol and navigator of raggedy roads in Lagos, Nigeria.

Read more... 

Monday
Sep132010

Used Car Prices Rising During Recession

via driveon


Plan on buying a used car soon? Better watch the price, it could be getting higher.

Due to the recession people are buying fewer cars, while others hold onto their older cars - even car rental companies.

This means one thing... an increase in the price of used cars.

As the supply of trade-ins decreases, the price increases.

Friday
Mar192010

Rich Farmers in India Creating New Social Class

An Indian farmer arriving at his wedding. Photo Kuni Takahash

via nytimes

Recently, a large amount of land development in India has some farmers rolling in the dough(literally)

These same farmers who were once poor want to flaunt their wealth.

See why even limos aren't good enough for these newly rich farmers...they travel by helicopter... and if you are wondering whether that is money around his neck in the above picture.

Thursday
Jul022009

G.M. Detroit And The Fall Of The Black Middle Class

The New York Times does an insightful story about the relationship between these three parties.


As the fortunes of GM rise, so do those of Detroit and its Black Middle Class, but as they fall its every man for himself.

We're introduced to Marvin Powell, an assembly line worker and his family.

We also get a chance to understand the 3 way-relationship that exists in Detroit and many urban centers within the U.S..

Read more... (cookies may need to be enabled)

Tuesday
May262009

Rappers and Rap Culture Moving Away From Bling


The recession has finally made an impact on the expensive tastes of hip hop. Rappers are buying less gold and wearing more imitations jewelry.

Look for this to have a negative effect on a variety of businesses(gold, liquor,clothing).  The fact that the Wall Street Journal is talking about it says it matters.

I guess this is the end of most of that "street/urban marketing we've been hearing about.  Cats are buying less of the "stuff" being marketed to them.  

Is this a message to corporations to slow down on advertising to the "rap crowd"