Less than a day after Spain disclosed that its unemployment rate reached 24.6% in the second quarter, and just weaks after its neighbors agreed to bailout of its troubled banks, the IMF issued an extremely a pessimistic report on the sourthern European nation. The report said nothing that the international capital markets have not already expressed as they exit Spain’s sovereign debt at a pace which has cause the country to pay interest rates above 7% on two-year notes.
The IMF report included this obvervation:
The government seeks to strike a balance between the need to cut back the deficit and boost economic growth in three ways.
First, by making sure the measures to reduce the fiscal deficit are as growth-friendly as possible. One example of such measures would be increasing the revenue derived from the value-added tax, rather than cutting productive spending. Raising the value-added tax has a less negative effect…
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It has been one of the most hectic weeks. We had earnings news from tech stalwarts, we saw the release of the new version of Apple’s(s AAPL) OS X. And Google(s GOOG) launched Google Fiber. I am actually surprised that I got any reading done this week. Here is my recommended list.
- The Death of the ringtone: To say that Nokia(s NOK) is in throes of pain is a gross understatement. However, nothing embodies its agony as does the slow muting of the Nokia ringtone that was once as ubiquitous as Coke around the planet.
- The best and the worst of London 2012 Olympic marketing round-up. It is a fun post and even funnier Pinterest board.
- Self-driving cars coming to a highway near you. That’s all.
- McSweeney’s ultimate guide to writing better than you normally do. Big takeaway: write every day. OK, I will.
- 10 timeframes…
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The New York Times has published a “rumor” that Apple (NASDAQ: AAPL) may make a strategic investment in Twitter. How that would help Apple, which has seen an erosion in the market share of its flagship iPhone is hard to see. Twitter’s membership is estimated at over two hundred millions. The short burst blog operation has had a problem similar to Faceboook’s (NASDAQ: FB), but even more severe. It has not been able to find a way to drive large sums of revenue from its user base.
The Times reports,
While Apple has been hugely successful in selling phones and tablets, it has little traction in social networking, which has become a major engine of activity on the Web and on mobile devices. Social media are increasingly influencing how people spend their time and money — an important consideration for Apple, which also sells applications, games, music…
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By LIZETTE ALVAREZ
Published: July 26, 2012
TAMPA, Fla. — Over at the back door of the 2001 Odyssey, a limo-size tent with flaps — especially designed for discretion and camera-shy guests — is ready to go up. Déjà Vu is welcoming extra “talent” from around the country in its V.I.P. rooms.
Photos By Brian Blanco / The New York Times
The 2001 Odyssey in Tampa. Strip club owners expect revenues to soar way past Super Bowl week levels when the Republicans are in town next month.
The Tampa Bay Times has reported there are 20 strip clubs in Tampa and 50 in the Tampa Bay area.
And Thee DollHouse is all Americana: women plan to slip out of red, white and blue corsets and offer red, white and blue vodka. The headliner that week is expected to bear an uncanny resemblance to a certain ex-governor from a wilderness state, known for her strong jaw and devotion to guns and God.
“She’s a dead ringer for her,” said Warren Colazzo, co-owner of Thee DollHouse. “It’s just a really good gimmick to get publicity.”
As Tampa gears up for the Republican National Convention, the biggest party it has ever held, the city and its businesses are primping and polishing for the August arrival of tens of thousands of visitors. Like it or not — mostly not, for city officials — Tampa’s well-known strip clubs have joined the welcome wagon.
Club owners here say they have schmoozed with their counterparts in former host cities, like Denver, and have been told that revenue pours in during conventions, sometimes quadrupling earnings from a Super Bowl week. As for party affiliation, this is one place where the country’s caustic partisan differences fall away, owners say. Continue reading
It’s been a stormy week. In New York a literal (and well-documented, by the looks of Instagram) thunderstorm rocked Manhattan, and nationwide, disruptions in the cloud temporarily took out Twitter, Gchat and Microsoft Azure. But our jobs board weathers on: We have some great picks this week from media companies across the country, including:
- CBS Interactive:Senior Product Manager (Los Angeles)
- Scholastic Media:Digital Publishing Technical Lead (New York)
- National Geographic Channel:Executive Producer, Creative Promotions/Marketing (Washington, D.C.)
- Foreign Affairs:Senior Product Manager (New York)
- GM:Senior Mobile User Interface Designer (Detroit)
We also have more listings from companies like Media Storm, Akamai Technologies, Viacom Media Networks and more. Click here to see what else is on our jobs board.