economic

Google CEO Eric Schmidt is a busy man as you can imagine, and has probably been even busier than usual recently, now that he has been named to the transitional economic advisory board of President-Elect Barack Obama at a time when the economy needs all the help it can get.

Google's stock first hit $430 per share in December of 2005.  It moved upward past the number in October 2006 and March of this year, as well.  Now the stock's right around $430 again, and although the situation's sure to frustrate investors, Google's leaders believe their company is in good shape.

More money spent on gas and groceries means less for luxuries. In the past that meant more people going to the movies and picking up used musical instruments. Now, Microsoft wants to be an entertainment outlet, serving games, videos, and oh yes, advertising.

Tell that to Bear Sterns.Mahalo CEO Jason Calacanis, formerly in charge of Netscape, former owner of Weblogs, Inc. who sold to AOL for a reported $25 million, has the answer for startups worried about getting through economic hard times: lots and lots of money.He's a Fordham alum, so you know where to send your contributions.Not known for his silver tongue, the Brooklyn-native reportedly replied to a small, perhaps slightly inebriated group of SES New York karaoke goers' concerns about the economic disaster the US is headed for with some sage-like advice.

Google says it will be able to survive any global economic slow down because of its broad base of advertisers.

In this month’s Target Marketing Magazine, a TopRank authored article on how small businesses can gain a competitive marketing advantage by leveraging content promotion, blogs, social media and universal search was featured.

After a 0.6% drop in March, and no change in April, the Composite Index of Leading Economic Indicators fell 0.5% last month according to a report from the Conference Board.

Washington has revised its outlook for economic growth in the United States this year. In December, economic growth for 2005 was predicted to be 3.5%, but now they are expecting 3.4%.