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Analysis: US faces prospect of recession
This is striking, because economists say it is almost impossible to forecast recessions and, in the last quarter of a century, there have been only two brief and shallow periods of negative US growth. “We have had an awful lot of bad news," says Mr Feldstein. “It is not a sure thing we are going to have a recession, but nor do I have great confidence that we are going to escape." Bill Gross, chief executive of Pimco, the world's largest bond fund manager, goes as far as to say he – like many ordinary Americans – thinks a recession has already started, in December. Ominously, the credit markets have started to price for recession, with risk spreads rising on securities that have no direct connection with the troubled housing or financial sectors. Yet the Fed and most economists still say the single most likely outcome is that the US will make it through a rough patch and regain strength by the second half of 2008.
Category: Enterprise 2.0
Between the Lines Latest Post | Last 10 Posts | Archives Amazon.com: Will you recognize it in 10 years? Posted in: General Software Infrastructure Web Technology Utility computing Amazon Enterprise 2.0 Amazon's fourth quarter results had a little bit of everything for its various observers: Sales were impressive and the outlook wasn't bad, but worries about profit margins are worrisome. But amid all the talk about consumer demand, growth abroad and adding third party sellers to Amazon's platform the "other" line on the company's breakdown of revenue is far more interesting. Why focus on "other" revenue when the fourth quarter tally was a mere $111 million, up from $81 million a year ago? That other line, which includes Amazon's Web services, is the future of Amazon.
T-Mobile adds nearly 1M U.S. subs in 4Q
T-Mobile USA added nearly a million cell-phone subscribers in the fourth quarter, but full-year results fell short of its parent company's target. T-Mobile USA said Monday it added 951,000 subscribers in October to December, giving it 28.7 million by the end of 2007. That's up 14.6 percent from a year earlier. Shareholders last year called for Deutsche Telekom AG, the parent of T-Mobile, to sell off the U.S. unit. Chief Executive Rene Obermann parried those suggestions in June, in part by saying the unit aimed to add 5 million subscribers by the end of the year. T-Mobile USA added 3.6 million subscribers in all of 2007. However, T-Mobile USA's growth outpaced the 9 percent growth in Deutsche Telekom's European cell-phone operations from 2006 to 2007, including additions from last year's acquisition of the carrier Orange in the Netherlands.
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