Word: lowes
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...worried about losing their houses are going to buy three-figure concert tickets." Music agents and managers are cautioning their clients to think small in 2009, at least when it comes to prices, Bongiovanni says. Some venues, like the DTE Energy Center outside Detroit, are dropping ticket prices as low as $10 to lure crowds. It's not as cheap as staying home and playing Rock Band, but it's still a pretty good deal...
...Tokyo, where the Nikkei was down 7% to its lowest level in more than five years, electronics giant Sony slashed its 2008 profit forecast by half. In South Korea, where officials said GDP growth is at a two-year low, Samsung reported a 44% earnings drop. That helped drag down the Kospi index by 9%, bringing the total loss for the week to 17%, the South Korea market's worst showing since 1997. "It seems that in the last two weeks, it has dawned on investors in Asia that no one is immune from the slowdown that is to come...
...Currencies have been moving just as wildly. The U.S. dollar continued its surge against the euro by pushing below $1.27 against the European currency Friday - a dramatic rebound from its record low of $1.60 in April. As investors sell out of stocks in other parts of the world they are rushing back into dollar assets, a traditional safe haven. That would ordinarily be good news for Asian and European exporters, whose products have suddenly become more competitive. But with American consumers cutting back spending, there may not be anyone to sell...
...there's a global recession. That could be more welcome news for drivers next year. "That's where you could see people use that disposable income to do things like go on vacation," says Medlock. That's assuming they have a job to get away from. But one thing low oil prices can't do is get the U.S. out of its credit crisis...
...light sensitivity of a detector like black silicon could allow patients to be subjected to less radiation during medical imaging, allowing physicians to produce better images with less damage to the patient’s health. Similarly, digital cameras with more sensitive lenses could capture better quality images in low-light situations, and the technology might enable the development of a cheap and effective night-vision device...