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	<title>Citizen Economists &#187; technology companies</title>
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	<description>Citizen Economists is an online economics magazine written by citizen journalists. These ordinary citizens provide reports and commentary on the current events affecting the economics of the fields they work in.</description>
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		<title>Gas Prices: Print Media&#8217;s #1 Enemy</title>
		<link>http://www.citizeneconomists.com/blogs/2008/07/06/gas-prices-print-medias-number-one-enemy/</link>
		<comments>http://www.citizeneconomists.com/blogs/2008/07/06/gas-prices-print-medias-number-one-enemy/#comments</comments>
		<pubDate>Sun, 06 Jul 2008 23:34:16 +0000</pubDate>
		<dc:creator>Mark Mahorney</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Personal Finance]]></category>
		<category><![CDATA[U.S. Economics]]></category>
		<category><![CDATA[advertisers]]></category>
		<category><![CDATA[gas prices]]></category>
		<category><![CDATA[media]]></category>
		<category><![CDATA[technology companies]]></category>

		<guid isPermaLink="false">http://www.amateureconomists.com/blogs/?p=55</guid>
		<description><![CDATA[<p>At over $4 a gallon, gas is definitely putting the pinch on consumers. Wired writes, &#8220;No Mocha For Me, Thanks. I&#8217;ve Gotta Buy Gas.&#8221; We aren&#8217;t sweating the little things; we&#8217;re simply cutting them out.</p> <p>The media is self-centered. It loves to write about itself without regard for whether its audience is interested or <span style="color:#777"> . . . &#8594; Read More: <a href="http://www.citizeneconomists.com/blogs/2008/07/06/gas-prices-print-medias-number-one-enemy/">Gas Prices: Print Media&#8217;s #1 Enemy</a></span>]]></description>
			<content:encoded><![CDATA[<p>At over $4 a gallon, gas is definitely putting the pinch on consumers. Wired  writes, &#8220;<a href="http://blog.wired.com/cars/2008/06/no-mocha-for-me.html" target="_blank">No  Mocha For Me, Thanks. I&#8217;ve Gotta Buy Gas</a>.&#8221; We aren&#8217;t sweating the little  things; we&#8217;re simply cutting them out.</p>
<p>The media is self-centered. It loves to write about itself without regard for  whether its audience is interested or not. Lately, everywhere I turn I see &#8220;the  death of print&#8221; articles sniveling over the struggling newspaper and magazine  industry. They put the blame squarely on the Internet.</p>
<p>I squarely disagree with this assessment. No doubt some advertising dollars  have shifted to the Internet and some readers have shifted their viewing to the  Internet. So it&#8217;s a contributing factor.</p>
<p>But at the heart of it is gas prices. Consumers are having to divert a few  hundred dollars a month to gas. Where does that money come from? It comes out of  discretionary income, the money we have left over after paying our bills. It&#8217;s  the money we spend on mochas, newspapers, magazines, and going out to eat.</p>
<p>One of the first things consumers are going to cut back on is newspapers and  magazines. They&#8217;re still reading, but instead of paying for paper, they&#8217;re  turning to the Internet and cutting out the cost of delivery. So the media is  out the markup.</p>
<p>But more importantly, advertisers go where the readers are. It&#8217;s not that  advertisers are preferring to advertise via the Internet necessarily, but rather  advertisers are ticks and leaches. They go wherever consumers go. And gasoline  prices have driven consumers to the Net.</p>
<p>Will they go back to print when times are better? That depends on how long it  takes for the economy to recover. In part, they will become used to getting more  of their info via the Net. Technology companies are finally seriously committed  to coming out with products that make getting information from the Net easier  and more portable. We&#8217;re seeing more UMPCs and Netbooks offerings, larger  screens on cell phones, and better batteries. And the media is making their  content easier to access via feeds.</p>
<p>Eventually, the economy will improve as it always does, but by the time that  happens we may have already moved on and left print behind.</p>
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		<title>Amazon’s Kindle: Super Useful or Super Flop?</title>
		<link>http://www.citizeneconomists.com/blogs/2008/07/06/amazon-kindle-super-useful-or-super-flop/</link>
		<comments>http://www.citizeneconomists.com/blogs/2008/07/06/amazon-kindle-super-useful-or-super-flop/#comments</comments>
		<pubDate>Sun, 06 Jul 2008 22:52:06 +0000</pubDate>
		<dc:creator>Joanne Yao</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Financial Markets]]></category>
		<category><![CDATA[ebooks]]></category>
		<category><![CDATA[media]]></category>
		<category><![CDATA[technology companies]]></category>

		<guid isPermaLink="false">http://www.amateureconomists.com/blogs/?p=22</guid>
		<description><![CDATA[<p class="MsoNormal" style="0.5in;">Instead of sitting down to read the New York Times or the Wall Street Journal, imagine unplugging a paperback-sized Kindle reader from your nightstand and scrolling down to your favorite columnist. No, you can’t flip the pages.</p> <p class="MsoNormal"> Since Amazon CEO Jeff Bezos&#8217; pet project hit the market, publishers and writers <span style="color:#777"> . . . &#8594; Read More: <a href="http://www.citizeneconomists.com/blogs/2008/07/06/amazon-kindle-super-useful-or-super-flop/">Amazon’s Kindle: Super Useful or Super Flop?</a></span>]]></description>
			<content:encoded><![CDATA[<p class="MsoNormal" style="0.5in;">Instead of sitting down to read the <em>New York Times</em> or the <em>Wall Street Journal</em>, imagine unplugging a paperback-sized Kindle reader from your nightstand and scrolling down to your favorite columnist. No, you can’t flip the pages.</p>
<p class="MsoNormal"><span> </span>Since Amazon CEO Jeff Bezos&#8217; pet project hit the market, publishers and writers alike have been holding their breath to see how Kindle would morph the book industry. But more than a year later, the actual numbers of units sold remain shrouded in secrecy. The Kindle device is not ranked on Amazon.com like all other products but retains constant #1 status on its own virtual store.</p>
<p class="MsoNormal" style="0.5in;">In lieu of Amazon keeping its mouth shut, Citi analyst Mark Mahaney estimates that Kindle has sold about 190,000 units to date  &#8211; less than the first year sales of the PalmPilot in 1997 and about half of the Apple iPod in 2001. Publisher Simon &amp; Schuster Inc. saw a 40% growth in e-book sales in 2007, while other companies continue to scoff at the idea of enjoying <em>Jane Austen</em> on a machine, albeit a lightweight one that will play you with English ballroom tunes as you read.</p>
<p class="MsoNormal" style="0.5in;">Kindle’s success could bring electronic publications such as blogs, short stories, and newspapers into the bedroom &#8211; traditionally book territory &#8211; without a backwards look.</p>
<p class="MsoNormal" style="0.5in;">Do you think Kindle’s perpetually out of stock status and #1 rank are examples of slick reverse engineering or just another sign of the device’s future promise?</p>
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