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Media Navel Gaze: October, 31, 2011

Mark Kollar  Follow

The Week Unpeeled

The headlines remained spooked (but markets rallied anyway) by Euro debt issues with attention turned now to Italy after plans were made to recapitalize banks and reduce Greece’s debt burden. Even so, the Dow ended the week above 12,000, advancing 3.6 percent to close at 12,231.  (The Dow is now up 12 percent for October, what may be its largest monthly percentage gain since 1987.  Doesn’t really feel like it, right? Treats amid tricks.) Elsewhere:

  • Girl Power: H-P’s Meg Whitman decided not to sell its PC division, valued at approximately $40 billion, citing costs issues;
  • Breaking the Glass Ceiling: And IBM named Virginia Rometty, its chief of sales, as its president and CEO, the first woman in the role;
  • Loss of Power: Rajat Gupta, a director of Goldman Sachs and P&G, was indicted on six criminal counts of insider trading;
  • Original TV Goes Online: Google is planning one hundred “channels” on YouTube;
  • New Power Media Setbacks: Netflix continued to lose customers and its stock more red than its envelopes as investors questioned how the company would be for its expansion plans;
  • Amazon Slips: And customers who sold Netflix also sold Amazon apparently as the online retailer saw profits plunge 73 percent in its third quarter amid way-big spending;
  • Power On: Gym, Laundry, Tan. . . and Laps: Formula One is coming to New Jersey;
  • Sweet Victory: The St. Louis Cardinals win the World Series in seven games; and
  • Resilient Economy: The US economy grew 2.5 percent in the third quarter, signaling no boom but at least no near-term recession fears.

Occupy Earth

Today, by inexact but scientific measures, the earth will welcome its 7 billionth inhabitant (ish), a moment that has been marked across all media channels for the past two months. So a few interesting facts also to mark the occasion:

  • The fastest population growth is in sub-Saharan Africa;
  • Africa and Asia will add about each add 1 billion people in the next 40 years, an incredible growth rate from our current base;
  • Life expectancy on average is 70 years but at its lowest in Afghanistan at 44 years and highest in Japan at 83 years. CJP

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