<![CDATA[io9: Economy]]> http://cache.gawker.com/assets/base/img/thumbs140x140/io9.com.png <![CDATA[io9: Economy]]> http://io9.com/tag/economy http://io9.com/tag/economy <![CDATA[ Will The Recession Make Hollywood Epics Even More Depressing? ]]> When the economy tanks, people demand feel-good musicals and comedies. But Hollywood has already green-lit a slate of dystopian downers, in the wake of The Dark Knight. Are these bummer-fests doomed at the box-office?

The New York Times took a close look at Hollywood's upcoming roster of depressing movies and how box office sales could shape up, due to the cold hard recession many theater-goers are experiencing. Will the massive lay-offs and pay cuts hinder us from tuning into movies about the end of the world — simply because we can watch the world collapse comfortably from our sofas on CNN? Will escapism be the next Dark Knight, sales-wise?

Already, less-than-cheery movies such as The Changeling, Australia and Body of Lies have failed quite miserably at the box office, while lighter fare High School Musical 3 and Four Christmases soared after the stock market took its plunge.

Twilight (the home of shiny/dreamy vampires) cost practically a nickel to make, and raked in the profits by touting love and chastity instead of gruesome vampiric blood sucking.

But as many producers are now noticing all of the depressing epic scifi movies they green-lit before the financial end of days are now competing with real life problems audience members are going through. Will there still be love for super depressing scifi movieThe Book Of Eli, a sad tale about a barren post-apocalyptic Earth?

Universal Pictures is preparing accordingly, scrapping a planned Bobby Fisher drama. Instead, Universal is moving forward with the movie adaptation of the graphic novel Scott Pilgrim vs. The World with beloved Michael Cera.

Even the highly anticipated movie adaptation of Cormack McCarthy's The Road was pushed back — rumor has it, because it was deemed "too depressing" by test audiences. If you're looking for a happy-go-lucky The Road, then you may have to rewrite the entire thing or just wait until this whole financial mess passes us over.

So will dystopian fare make way for zombie musicals and or "Oops, My Wedding Is On The Apocalypse" dramedies? Here's hoping, but just keep that Zac Efron kid out of my scifi, unless you turn him into a centaur or something. And let's all keep our fingers crossed that they don't try and lighten Eli as it already has an amazing cast of Gary Oldman and Denzel Washington who were put on this Earth to strike terror and sadness in the hearts of movie-goers.

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io9-5112752 Wed, 17 Dec 2008 14:16:01 PST Meredith Woerner http://io9.com/index.php?op=postcommentfeed&postId=5112752&view=rss&microfeed=true
<![CDATA[ Second Life Foresaw the US Banking Crisis ]]> Yet another financial casualty: Citigroup just became the latest institution to come crawling to the feds for a bailout. Where will it all end? As industry experts become desperate for any kind of divining rod, some observers pointed out that the failure of unregulated banking has already played out — in Second Life. The rise and fall of one of the virtual world’s unregulated banks has some financial researchers taking a closer look at the predictive benefit of virtual environments.

The economy in Second Life exists without external regulation, which enabled the creation of Ginko Financial, a bank set up inside the vitual world. The bank accepted Second Life’s virtual Linden dollars at a 40 percent interest rate, then charged extremely high interest rates for its loans. Thousands of investors poured their money into Ginko, but when people started pulling their accounts en masse, the bank was unable to pay its promised interest rate, and it folded. Because of the relationship between the ongoing US financial crisis and banking deregulation, some researchers have drawn an analogy between Ginko and the US banks.

"I don't view 'Second Life' as a game," said Robert Bloomfield, an accounting researcher at Cornell University in Ithaca, New York. "I view it as a market space."

"The 'Second Life' financial markets have pretty much been unregulated…There are accusations that people are doing everything from questionable behavior to outright fraud."

Because Ginko’s virtual collapse had real world implications for Second Life users who paid US dollars for their Linden bucks, Second Life creator Linden Labs no longer allows banks to pay interest on deposits. But financial researchers still have plenty of reasons to examine Second Life and other virtual environments to look at the ways that entrepreneurs and consumers operate in their virtual test tubes.

[MSNBC]

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io9-5097324 Mon, 24 Nov 2008 08:30:00 PST Lauren Davis http://io9.com/index.php?op=postcommentfeed&postId=5097324&view=rss&microfeed=true
<![CDATA[ The Economy Is To Blame For More Knight Rider ]]> The effects of the ongoing financial wormhole are more sweeping than you'd realized — not only is the Wall Street SNAFU destroying my 401(k), it's also bringing us more Knight Rider. According to the trades, the networks are keeping lesser-performing shows like Rider and Terminator: The Sarah Connor Chronicles on the air because there's no money to launch new shows.

While I'm happy the slump is saving the Sarah Connor Chronicles, I fear that the price is too high. What kind of world is this when a show about a talking car is remade and even the rehab-bound lead actor from the original who hosts a national talent show won't go near it? But apparently desperate times call for terrible television.

According to The Hollywood Reporter's sources, the financial crisis and the amount of money it costs to market a new show, plus the lack of new programming due to the writer's strike, formed an unholy trifecta that made it worth keeping underperforming shows on the air.

At the same time, even the more successful shows aren't doing that great. Golden Girls and Desperate Housewives producer Marc Cherry pointed this out at the New York TV Festival, telling the audience that the number of viewers for past shows were millions of eyes higher than the current ratings. I blame the computer.

Time to embrace the future that is TV on the laptop, Hollywood.

[THR]

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io9-5070053 Tue, 28 Oct 2008 13:41:00 PDT Meredith Woerner http://io9.com/index.php?op=postcommentfeed&postId=5070053&view=rss&microfeed=true
<![CDATA[ Wall Street Undead Feast On New Yorkers' Brains ]]> Zombies flooded Manhattan this weekend. Pulling their golden parachutes and crumbling portfolios, decaying bankers roamed the streets looking for brains and bailouts. This years NYC's annual Zombie Con brought all the decomposing masses out, to paint the town red with the blood of my 401K, while anointing the Wall Street bull statue with their zombie guts. Exclusive undead video recap.

The Undead Roam The Streets

A Little More On Zombie Con

The zombie romp started near Madison Square Garden. The undead dragged their broken limbs through the streets and into Macy's, Manhattan Mall, Victoria's Secret and all the way down to the Lower East Side. After stopping for a brief alcohol fused zombie dance party, they went in search for brains on the train all the way down to Wall Street. Stopping only to crawl all over the Charging Bull, run into windows, spill their undead blood on the streets and make small children uncomfortable.

Video by Chris Person.

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io9-5065757 Mon, 20 Oct 2008 11:00:00 PDT Meredith Woerner http://io9.com/index.php?op=postcommentfeed&postId=5065757&view=rss&microfeed=true
<![CDATA[ Darwinian Stock Market Tanks With The Real One ]]> A new method for evaluating which species are at risk of becoming endangered has put a target on the heads of one group you may be somewhat familiar with: mammals. Rapid-fire estimates have created volatility in the mammal futures market. What groups should you start withdrawing your natural selection dollars from?

The Barcelona-based international conservation agency publishes its Sampled Red List Index to give a quick representation of trends in the natural selection market (graphic from New Scientist). Only 2.5 percent of all known plants and animals have been documented, and while that number might be a bit misleading, the process for seeing exactly which species were in danger was a cumbersome one. IUCN uses random samplings of 1500 species to assess larger risk. While cruder, such estimates can give a quick idea of the threat level before it's too late.

As you can see, the danger is most pressing in the mammalian sector. Although humpback whales are swimming back from extinction, many precious mammalian species are at risk. Marine mammals are the usual target, specifically those in northern oceans, according to an article that appeared in Science.

Viewing animals like shares reveals vanishing species [New Scientist]

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io9-5063875 Wed, 15 Oct 2008 14:40:00 PDT Alex Carnevale http://io9.com/index.php?op=postcommentfeed&postId=5063875&view=rss&microfeed=true
<![CDATA[ Law And Torture In Battlestar Galactica ]]> BattleLaw.jpgRonald D. Moore and David Eick sat down and went over the different types and social systems and moralities they've created for the new Battlestar Galactica, including the need to the government (and not just the military) to bring down the heavy hand of torture from time to time, and how the legal system works in the BSG-verse. These audio interviews are the kind of geekery you usually only get when fans debate these facets of the show in a forum somewhere, but they wax poetic for over 30 minutes, and that's not even including their thoughts on the politics, economy, and the fight for Cylon rights in their show. Hit the above links for the audio files, and keep staring at the clock until new episodes air. [Concurring Opinions]

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io9-359679 Fri, 22 Feb 2008 15:00:34 PST Kevin Kelly http://io9.com/index.php?op=postcommentfeed&postId=359679&view=rss&microfeed=true