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Matters Financial |
22 September 2003
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IMF Overly Optimistic
The IMF has put out its forecast for the world's economy in 2004, and while there are few surprises, the report merits attention because it establishes what the consensus is. Then, in the coming months when this consensus is proved by the facts to have been misguided, everyone will be at the same starting point. Click here to read more.
Women's Soccer League Folds
Businesses go bust all the time; it's the corrective measure in capitalism. Usually its because the product was weak, or the public felt the price was too high, or the profit margins were better somewhere else. Rarely though has a strong product been as spectacularly under-marketed as the WUSA, the now defunct women's professional soccer league in the US. For the want of a few million dollars, a viable sports franchise is dead. Click here to read more.
Time Warner Drops AOL from Name
AOL-Time Warner is about to become just Time Warner. The board of directors has decided that the AOL needs to go because ever since the merger, things have been going all wrong. In rearranging the deck furniture on this damaged cruise ship, the board hopes to refocus business on its old-economy income streams. The time it took to make this decision might better have been spent dealing with the accounting troubles and AOL's declining subscriber base. Click here for our view.