Tuesday, September 28, 2010

All Hurt When Rich Spend Less

They say that when the rich cut back from spend money it hurts not only the economy, but the people who been serving from them for years. This article is by Anne D'Innocenzio and her interview with Dali Wiederhoft a 52 year old woman who has cut her spending on clothes to $500 per month from $3,000. While interviewed Anne asked why cut back when you have so much money to spend on lovely things you like to buy. Dali reason for cutting back on spending  was because she feel it's time to have cash, not to spend." So, I'm cutting where ever I can," she said. She even cancel the services of a cleaning woman and a lawn care company. Dali also plans to trade in her BMW for a Ford when her lease expires in about a month. Such reined in spending seems to b the end of a winning strike for luxury retailers that once appeared immune to the economic slowdown. Tiffany & CO. and Willams-Sononma Inc. both reduced their earnings outlook and may miss it's 2008 profit forecast.

Thursday, September 23, 2010

Autumn Equinox

   Autumn Equinox occurs twice a year, when the tilt of the earth axis is inclined neither away from nor towards the sun. The sun being vertically above a point on the equator. The term equinox can be said as equal days and equal nights. The Autumn equinox is a period of balance and transition of events that lead to loss and hardship for many. During the month of September is the worst time of month for the stock markets. They are afraid of the autumn equinox and it's power of reversal. During the autumn equinox many stock markets prices either go up or down. And they fear that during this event the stock market might crash and prices will get very low and they will loss money.  There are three things that happened to the stock market on that very day.

1) The stock markets became very vulnerable and they started to predict a major turning points in the financial and commodities markets.
2) The direction of stocks that day remained cautious for a crash.
3) Prices changes from and increase to an decrease.

Tuesday, September 14, 2010

New Apple iPod Touch

 The article is about the New iPod Touch and how its almost like the iPhone but without the carrier charges. On my first article from CNNMoney.com they have reviews of what people think about the new iPod touch and why they feel it's better then the iPhone or why people should buy the iPod. There were six reviews from people all over the world who brought the new iPod touch. They all had different interest in the iPod and they all used it for different reasons. Donald bell spoke on how the new iPod touch offers all the fun of the iPhone without a monthly bill. Joshua Topolsky spoke on the addition of HD video shooting. David Pogue spoke on the size of the new iPod touch and how you can use it as a letter opener. They all like the iPod for different reasons.

My personal response to the article is great. I feel that this is Apple's best creation, although it wouldn't make any sense for people who already have the iPhone to get the New iPod touch. It would be a waste of money only because both the iPod and the iPhone are every similar, but one it without the monthly bill. If  I had the money I would definitely buy the new iPod touch, so that me and my boyfriend can see each other without just talking threw the phone.