Not a week goes by where someone doesn't approach me with the same smug, "Oh, my '92 Civic hatch gets better fuel economy than the current Civic," or "LOLZ! My Geo Metro XFi getz teh 50mpg!!! PWND!!" This is usually followed by some ill-researched rant about how the gasoline engine hasn't advanced in 40 years or how automakers and oil barons are conspiring to keep gasoline expensive. In reality, compared with their modern analogs, your late-'80s vintage econobox is crap. I'm sorry to say it, because I love older compact cars, but … Read more
A Google Earth interactive Web site called North Korea Economy Watch not only sheds light on that country's economic, military, and cultural infrastructure, but also maps some of its darkest secrets.
The site is intended as a resource for business, policy makers, academics, journalists and others interested in the North Korean economy, according to founding editor Curtis Melvin. Academic in nature, it shies away from editorializing on hot potatoes issues like the manufacturing of nuclear weapons, and starving peasants.
But it's all there for viewers to form their own conclusions. Palatial mansions and vast compounds for Kim Jong … Read more
Updated at 1:55 p.m. PDT with information from the earnings call. Also corrected decline in operating expenses.
The quarter that ended on May 1 was a rough one for Dell.
The PC maker announced Thursday it recorded a net income of $290 million for the first quarter of fiscal year 2010, and earnings of 24 cents per share, or 15 cents per share when accounting for write downs from severance pay and factory closings during the quarter. That's down 63 percent from the $784 million, and 38 cents per share recorded a year ago. Revenues were also … Read more
It's no surprise that Jeff, Wilson, and Justin don't know jack about the economic financial crisis, so we invite CBS MoneyWatch.com's Editor-at-Large Jill Schlesinger on the show to break it all down. She preps us with tips on what young people can do to secure a stable future and she gives us three very important ways to keep the money we earn.
First of all, be sure to have six months of living expenses in the bank. If you don't have a steady, stable job like a tenured teaching position, a three-month rainy day fund in the bank will do you some good, if, God-forbid, something happened. Second, pay off your debt. Sounds obvious, but most Americans haven't saved a dime since the '90s.
Last thing she says is to take advantage of your company's 401k. Yes, your parents retirement and pension funds might be gone, but if you're like us, in our 20s and barely employed, you should throw money into your 401k. If you want, Wilson will manage your 404k--if you want a negative return on your investment.
Unfortunately, we didn't have time to show off all of your submissions for our logo contest, but let's face it: some things are more important than logos. But rest assured that we're going to go over ALL of them on tomorrow's show, not to mention a huge "Calls from the Public" to make up for today. Keep sending in your submissions to the404 [at] cnet [dot] com--they've all been amazing. We've gotten so many that we're EXTENDING the contest to next week! Don't forget: all submissions should include a JPG/PNG as well as a high-res file. Thanks all!EPISODE 351 Download today's podcast Subscribe in iTunes audio | Suscribe to iTunes (video) | Subscribe in RSS Audio | Subscribe in RSS Video… Read more
This post was updated at 3:45 p.m PT with information from the earnings call.
TiVo on Wednesday reported a loss of $4.1 million, or 4 cents per share, for the first quarter of fiscal year 2010.
It's a letdown for TiVo, which a year ago recorded a $3.6 million profit. The Alviso, Calif.-based maker of digital video recorders had been anticipating a $6 million to $8 million loss for the quarter ended April 30.
The company's technology and service revenue was $48.5 million, down just more than 12 percent from last year'… Read more
The rough seas of the consumer electronics business has caused yet another smaller boat to capsize. Soyo, the maker of Honeywell TVs, has filed for Chapter 7 bankruptcy protection.
The news was first reported by the HDGuru.com blog. An SEC filing from earlier this week states that the company shut down operations on May 5, and filed for Chapter 7. Chapter 7 means the company is planning on liquidating its remaining assets, with no plans to reorganize under a new repayment plant to creditors, as a Chapter 11 filing would allow. The company could not be reached for comment. … Read more
GM announced its development of a new, more efficient internal combustion engine that will eventually be used to power its lineup of hybrid and extended-range plug-in vehicles.
In the homogenous charge compression ignition engine (HCCI), the air and fuel mixture is compressed to ignite rather than using a spark. When combined with other advanced technologies, the HCCI engine provides up to 15 percent better fuel economy, according to GM. … Read more
After the economic meltdown over this past year, many Americans are looking for ways to cut back their monthly expenses. And prepaid wireless plans offer a great alternative to expensive contract plans.
Traditional prepaid services or pay as you go services allow people to buy their own phone at full retail price and then put a certain amount of money in an account that is deducted based on usage. Some plans offer buckets of minutes for a set price, and some allow people to just put however much money they want in their prepaid phone accounts. These plans allow people to know exactly how much they are spending each month, and if they run out of minutes or money in their accounts, they simply add more online, over the phone, or at a retail location.
These plans differ from post-paid plans, which offer buckets of minutes for a set price, and then bill customers at the end of each month, sometimes resulting in surprisingly high phone bills or excess charges for services that were never used.
Prepaid services have long been popular in Europe and other parts of the world, but in the U.S. these services have traditionally served only niche markets. But now prepaid is gaining steam in the U.S. And consumers of all stripes looking for good deals with no service contracts are considering canceling their post-paid services and going to prepaid.
Ideal candidates for prepaid services include people who use their phones rarely to call friends or family when they are out and about or who only own a cell phone because they think they may need it for an emergency. My 66-year-old, retired father falls into this category. Teenagers are also prime candidates for prepaid services, especially for plans specific to text messaging, such as Virgin Mobile's Texter's Delight or T-Mobile's Sidekick plan. These plans offer loads of free texting and cheap per-minute voice charges.
And now a new category of prepaid services has emerged that will likely appeal to traditional post-paid customers, who talk, text, and access the mobile Web a fair amount each month. Several carriers including Virgin Mobile, Boost Mobile, MetroPCS, and Leap Wireless' Cricket offer low-cost unlimited plans that include voice calling, messaging, and unlimited Web surfing. And the beauty of these all-you-can-eat plans is that customers aren't required to agree to a pesky one-year or two-year contract and risk paying expensive early termination fees.… Read more
I'm still processing the many great insights from the next09 conference in Hamburg, Germany, one of Europe's leading digital-creative-marketing forums. This year's theme was "Share Economy," and the 1,300 attendees consisted of European VCs and angel investors, Web 2.0 entrepreneurs, media, creative agencies, and executives from German corporations (from BMW and Deutsche Bank to Deutsche Telekom).
Jeff Jarvis: "The Great Restructuring"
Verizon Wireless is expected to launch its long-awaited Netbook from Hewlett-Packard on May 17, according to a report from the blog Boy Genius Report.
The blog said the company will be offering the 115NR Netbook from HP with wireless broadband capability for $199 after a mail-in rebate. The subsidized device will come with a two-year service contract that will likely set users back $40 to $60 a month, the site said.
Verizon declined to comment on these most recent rumors. But the company confirmed earlier this year that it is planning to launch a Netbook on its network.
The big question now is whether consumers will actually buy the device and agree to a hefty service contract. Pricing details for the 3G wireless service aren't known yet. But Verizon currently charges $40 a month for a laptop data plan that offers 50 megabytes worth of data each month. And its $60-a-month plan offers 5 gigabytes of data downloads every month.… Read more