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Articles about economy

Slap Wall Street execs in Trillion Dollar Bailout

by Danielle Riendeau on Mar 11, 2009 at 03:56 PM

Anyone who says that games have no potential to comment on serious social/cultural/financial issues has clearly never had the pleasure of playing Trillion Dollar Bailout, one of the new (and one of the most hilarious/interesting) free games available at Addicting Games. The title, which blatantly rips on the current economy-in-the-toilet… Continue Reading »

Another Bummer: G’Bye to GameCyte the game site

by PJ Hruschak on Mar 9, 2009 at 04:18 PM

Another fellow video game site has fallen prey to the fangs of this global economic, recession, er, downturn. The latest is GameCyte, a site similar to ours in that it also wrote about the wonderment of video games and gaming culture. It’s certainly sad to see another game site go.… Continue Reading »

THQ clarifies its layoffs, status of Volition

by PJ Hruschak on Mar 4, 2009 at 10:14 PM

THQ’s PR department sent an email earlier today to various media outlets regarding recent layoffs. It was a reaction to “some inaccurate reporting out there” and indicates that 236 full-time staffers will remain while 39 full-timers will be laid off and 47 temporary staffers will “not be having their service… Continue Reading »

Recession-O-Rama Deals for March 3, 2009

by NEWS on Mar 3, 2009 at 10:06 AM

FROM GADGETELL - We’ve partnered up with LogicBuy.com to bring you today’s Recession-O-Rama deals.  What do we have for you today?  You can grab a HP Pavilion laptop (lots of different versions), an Xbox 360 bundle, a PS3, a PSP, or even a 52-inch Toshiba HDTV.  The economy may be depressed, but you… MORE »

Recession rough on gamers, good for pawn shops

by Jason Townsend-Rogers on Feb 26, 2009 at 09:05 AM

While most businesses are currently feeling the economic pinch, there is at least one sector that is currently witnessing an economic boost: Pawn shops. And who do pawn shops credit for this business upswing? The answer is, quite simply, the video game community. According to a story in the Chicago… Continue Reading »

EA’s CEO thinks the recession is a blessing

by Jason Townsend-Rogers on Feb 23, 2009 at 01:33 PM

Considering the news of so many game companies closing or downsizing, any individual who confidently held the opinion that the game industry is recession-proof has to eat considerable amounts of crow as his or her theory continue to be proven erroneous. However, there is one individual who continues to believe… Continue Reading »

Rare restructuring its “current approach,” might involve layoffs

by Christopher Buckner on Feb 19, 2009 at 10:24 AM

With the current world economic issues affecting the game industry, Microsoft has now begun to clean its own house by trimming some of the supposed fat from its developer portfolio. Microsoft has already shut down several of its first-party studios including FASA, ACES and Ensemble and now it appears Rare… Continue Reading »

Recession-O-Rama Deals for the Weekend 2.15.09

by NEWS on Feb 15, 2009 at 03:45 PM

FROM GADGETELL - Hopefully all our readers had a good Valentine’s Day and are ready for some more Weekend deals.  Today, I found some deals ranging from earbuds, to a netbook, to printer, and a free computer program.  Let’s get started. Philips Earbud Multimedia Headset Buy.com has a pack of two Philips SHM3100/37… MORE »

Study suggests game industry lowering prices to account for bad economy

by Brian Allen on Feb 10, 2009 at 09:34 PM

With folks having fewer dollars in their pockets to spend overall, a report from Electronic Entertainment Design and Research (EEDAR) indicates there are more games coming out at lower prices. The research group suggests publishers may have to continue that trend, at least in the short term, as the economy… Continue Reading »

Recession-O-Rama Deals for the Weekend 2.8.09

by NEWS on Feb 8, 2009 at 04:01 PM

FROM GADGETELL - Yep, the economy still is in shambles.  How can you help?  By pumping money into stores of course!  But you don’t have to go broke buying things.  Continuing with our weekend deals, here’s what we have for you today: a digital camera, an Xbox 360 Elite console with a $50… MORE »

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