If you bailout the manufacturers, you better open up the credit markets so cars can be bought.
December 17, 2008
Democrats Claim Agreement On Auto Rescue Deal | online.wsj.com
The following is the text of a letter I penned and sent to Washington this past monday in my capacity as President of the American Car Rental Industry
Shrinking is good, but is it enough?
December 8, 2008
Pursuing U.S. Aid G.M. Accepts Need For Drastic Cuts | www.nytimes.com
Fixing the manufacturing process is simply not enough Clearing the pipeline to allow for product distribution upon completion is critical
What will happen to the gaming industry as travel to Las Vegas declines?
December 5, 2008
Travel Numbers see steep decline [in Las Vegas] | www.klas-tv.com
Las Vegas has always enjoyed occupancy rates higher than the national average, but in the last few months, the economic situation plaguing the country has hit them hard. Occupancy is down to 84%, which rivals post September 11th levels. In the month of October, Las Vegas had a drop of 13% year over year, or nearly a half a million visitors. Historically there has been a direct correlation between occupancy and gaming revenues. That correlation weakened somewhat in the 90s when Las Vegas attempted to become a family destination. Now that the city is squarely back in the "Sin City" role, the tie between hotel occupancy and gaming is very strong again. Factors to watch: - Air capacity and frequency declines - Visitor statistics - Occupancy rates - Proportional gaming revenue declines
Financial markets react to the historic election of Obama - what of the travel industry?
November 6, 2008
Asia cheers Obama win, but Europe down | robots.cnnfn.com
With the economy as a clear priority of the new administration, the world markets reacted to the election of Barack Obama, with investors voting with their wallets. In Asia, the Nikkei, the major index for the Tokyo Stock Exchange, closed up 4.5%. South Korea's Kospi composite index finished with a 2.4% advance, according to Dow Jones. The Hang Seng index in Hong Kong ended up 3.7%. The Australian All Ordinaries index was up almost 3% at its close and the markets in Taiwan and the Philippines ended lower. European stocks and U.S. futures fell after Democrat Barack Obama was projected to have been elected President of the United States. London's FT-100 and Paris' CAC-40 eeach fell more than 2%, while Germany's Dax was about 1.5% lower. It remains to be seen how the markets will close today in Europe and how the US markets will react. But it is the longer term results that will matter.
Is the reported "airline recovery" just the upside of the jetfuel roller coaster?
November 4, 2008
US airlines pull out of a tailspin | us.ft.com
Airlines are enjoying much lower fuel costs than they did in the summer of 2008. Perhaps the use of the word "enjoy" and the notion that recovery is around the corner is a bit like a weatherman in the middle of a hurricane talking about tomorrow's sunshine. At least that was the observation of a writer in Airline Weekly this week. When the prices were high, the airlines kicked into high gear, cutting costs, trimming schedules, parking aircraft in the desert and finding ways to charge passengers for various services, previously offered gratis. Now that the prices are low (remembering that everything is relative), will they hand off a slice of those profits to consumer? Not likely! And what will be the impact on the other sectors of the industry? The GDS companies depend on airline ticket sales for 90% of their revenues. And the hospitality industry also caters to the air traveler as their primary market. What will become of them?
Is the reported "recovery" just the upside of the jetfuel roller coaster?
November 4, 2008
US airlines pull out of a tailspin | us.ft.com
Airlines are enjoying much lower fuel costs than they did in the summer of 2008. Perhaps the use of the word "enjoy" and the notion that recovery is around the corner is a bit like a weatherman in the middle of a hurricane talking about tomorrow's sunshine. At least that was the observation of a writer in Airline Weekly this week. When the prices were high, the airlines kicked into high gear, cutting costs, trimming schedules, parking aircraft in the desert and finding ways to charge passengers for various services, previously offered gratis. Now that the prices are low (remembering that everything is relative), will they hand off a slice of those profits to consumer? Not likely! And what will be the impact on the other sectors of the industry? The GDS companies depend on airline ticket sales for 90% of their revenues. And the hospitality industry also caters to the air traveler as their primary market. What will become of them?
September 23, 2008
Google's Office Intrigue | www.forbes.com
I agree with Paul's analysis and associated conclusions. I would also add that when Google reaches the level of reliability attained by other SaaS like suppliers (SalesForce.com, etc.) then their gmail offering will become acceptable to the enterprise businesses.
September 22, 2008
First Google Android phone to cost $199: report | news.yahoo.com
China Mobile is keen on the Android phones. In addition to HTC, China Mobile has formed a joint venture with a local startup to build Android phones.
September 22, 2008
'Android' Cellphone to Showcase Google Brand | online.wsj.com
The HTC Android phone will be closely compared with the 3G iPhone. Most likely the look and feel won't be as sleek as the iPhone. However, Android phones will have the processing speed that is hard to beat. In addition, the open handset model features may not initially be impressive. But as time goes on, when the application development community catches on, there will be some impressive apps coming out...
September 18, 2008
Microsoft Virtualization Products Due In Thirty Days | www.informationweek.com
Microsoft's recent announcements in the virtualization arena prove that they are serious about their role in competing with VMware & Citrix: 1) Their new management tool for migrating Virtual Apps from one physical device to another (like VMware's VMotion) show that they continue to make progress but that they are still a long way from catching VMware in the technology arena. 2) Microsoft's strategy remains focused upon offering just enough virtualization services at a much lower cost for those that believe they don't require the functionality that's available from both the VMware and Ctirix's Xen products.
Three steps to make social media sell
February 10, 2012
SOPA and the wisdom of Yogi Berra
January 19, 2012
Larger wafers present a growth opportunity for LEDs
January 6, 2012
Smartphones threaten digital camera industry
December 1, 2011
Google music launches: The end of the end for the music industry
November 22, 2011