ESA: Games directly contributed $40.9 billion to U.S. economy and employed 143,045 people in 2019

The Entertainment Software Association (ESA) has released a new economic impact report today for the U.S. video game industry that says gaming directly generated economic output of $40.9 billion in 2019 and provided direct employment to 143,045 people.

Total income generated across the game economy totals $35.28 billion, including $17.37 billion in direct compensation to video game industry workers (equivalent to $121,459 in compensation per worker). The figures the game industry indirectly supports are even more impressive at $90.3 billion, and it makes sense that number should only rise in 2020, given the growth of gaming as a lifesaver during the pandemic. According to the ESA, this report includes as much of the game industry as it could measure — triple-A, double-A, indie, mobile, and so on.

The ESA is the game industry’s lobbying group. Some people might view any economic impact report as propaganda, but as propaganda goes, this

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Baidu Mobile Ecosystem Rides the Wave of the Fast-Emerging Intelligent Economy, Says Dou Shen at Web Summit 2020

BEIJING, Dec. 3, 2020 /PRNewswire/ — Dou Shen, Executive Vice President of Baidu, Inc. (NASDAQ: BIDU), today analyzed the rise of the intelligent economy and the resultant strategy of Baidu’s Mobile Ecosystem Group (MEG) during a keynote speech at Web Summit 2020. Shen explained how Baidu’s mobile ecosystem has been adapting to and driving the intelligent transformation of the mobile internet industry, leveraging Baidu’s self-developed AI technologies to provide users with more robust digital services.

“The rise of the intelligent economy is an inevitable trend brought on by AI technology, and also the biggest priority for companies that value technology investments,” Shen said at Web Summit, one of the largest technology conferences in the world that brings together executives from leading technology companies. With its leading AI technologies and commitment to innovation, Baidu’s mobile ecosystem is well-positioned to thrive in the era of the intelligent economy.


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WSGF Engages Analyst Research Coverage In Conjunction With New Sharing Economy Tech Business Serving Airbnb, VRBO and Market

DALLAS, Dec. 1, 2020 /PRNewswire/ — World Series of Golf, Inc. (USOTC: WSGF) (“WSGF”), in conjunction with its new sharing economy technology business focus serving the short-term rental market through its subsidiary, Vaycaychella, has engaged Goldman Small Cap Research to conduct ongoing analyst coverage. Goldman expects to issue an initial research report next week, on Tuesday, December 8th, 2020.

Over the last three years, Vaycaychella has built a business serving short-term vacation rental operators with financing to acquire and renovate real-estate properties as vacation destinations.  Vaycaychella’s current customer base currently spans Caribbean vacation destination clients from Mexico to Puerto Rico. Vaycaychella has provided over $1 million in acquisition and renovation financing secured by 10 premium beachfront houses with a combined estimated value of approximately $10 million. Vaycaychella last week announced adding a boutique hotel to its portfolio of vacation properties. 

Now Vaycaychella is scaling its business

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Cyber Monday: Supply Chain Management Tech in the Flipped Retail Economy

For retailers making the move to e-commerce, this creates a key challenge: multichannel management. From experienced users familiar with online purchasing and social media interactions to brick-and-mortar customers who prefer the more human touch of call center connections, brands must now deliver a seamless experience that ensures consistent pricing, accurate inventory reporting and reliable delivery frameworks.

Supply Chain Management Is Vital to Retailers’ Brands

To address the multichannel challenge, spending and process priorities must shift. Part of the processes involves greater call center and social media investment — companies must be available for customers wherever and whenever they need assistance.

However, this isn’t enough in isolation. Even the best call center teams and social media managers can’t capture consumer interest if products purchased are suddenly out of stock or if delivery times are wildly unpredictable. Consumers’ impressions of retail businesses are inexorably tied to their most recent experiences — and

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People Make The Digital Economy Go Round

To succeed as a society in the emerging digital economy, it isn’t just machines and software that will move us forward — we need people to be well-educated, well=-trained, and well-motivated to take part in its growth.

Where is the best preparation for the digital economy taking place? The United States and China come to mind, but neither nation is leading the way with the momentum needed to bring workers into the digital economy. Rather, it’s Saudi Arabia, France, and Indonesia are showing the most momentum. These are the findings of a recent study published by the European Center for Digital Competitiveness, which looked at nations’ ability to cope with digital transformation.

France, Saudi Arabia and Indonesia “may not be the first examples that come to mind when it comes to digital, but their underlying policies implemented in the last three years

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China Economy Revving Up As Western World Prepares For Crises

China’s economy is revving up as the entirety of the Western World — from Australia to the United States — is either bracing for a ‘dark winter’ or dealing with small business closures by the thousands.

Earlier this month, Dr. Anthony Fauci said SARS 2 death rates could easily surpass 400,000 by March.

According to Yelp, an online review forum for businesses, some 60% of the 163,735 businesses that are on Yelp have closed since March. Nearly 97,9oo of them said they were going out of business, according to a Yelp report in September.

Other data points about the pandemic’s impact on American businesses are more sanguine.

A study by researchers at the University of

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India Credit Downgrades Abate on Signs Economy Bouncing Back

(Bloomberg) — The pace of credit-rating cuts for Indian companies has slowed to the lowest since before the pandemic amid signs the local economy is coming out of its worst-ever contraction.

There have been about three downgrades for every upgrade of rupee debt since Oct. 1, the lowest since the last three months of 2019, according to data from India’s four biggest rating firms compiled by Bloomberg. That compares with a ratio of more than four to one in favor of cuts for the previous quarter, and a record 11 to one in the April-to-June period.


© via Bloomberg

Economic data suggests that Asia’s third-biggest economy is recovering, albeit unevenly, after it shrank a record 24% in the three months to June 30. A slower pace of downgrades may open the door to funding for weaker borrowers in India.

That’s as a record 1.38 trillion rupees ($19 billion) of bond

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China’s Danke Apartment is creating new internet economy victims

a person standing in front of a store: Chinese millennial

© Provided by Quartz
Chinese millennial

Online platform Danke Apartments was once a rising star in China’s fast-growing flat rental market. Now financial difficulties and a spate of evictions have prompted protests from its tenants and landlords.

Danke, whose Chinese name means eggshells, rents flats from landlords on long-term leases. It then slices up and furnishes the units before subletting them. The company, which listed on the New York Stock Exchange in January, gained investor interest by positioning itself not simply as a property management firm, but as a tech company that uses big data and apps to offer a seamless user experience.

Danke serves a class of tenants riding high on China’s booming internet economy. Fresh graduates and young professionals shut out by the country’s sky-high housing prices have flocked to the platform since its founding in 2015. By March this year, the company reported that it was managing

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As our movement and social activity is once again restricted nationally in an effort to curtail the spread of the COVID-19 virus, we at Vodafone remain steadfast in our commitment to help keep families, friends, colleagues and businesses connected at this time.

The last eight months have shown us just how valuable network infrastructure is to our economy and society and we must not lose sight of the need to invest in the next generation of network capability. And so, while our teams continue to manage the ongoing increased demand on our network and help our customers, we are also focused on the future – and on 5G.

At Vodafone, we believe in enabling technology that has a positive impact on our citizens and communities and that which supports the build of our digital society.

Through significant investment and innovation, we have paved the way in developing and deploying 5G

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Celebrate Bitcoin Black Friday, Propel The Bitcoin Circular Economy

Bitcoin Black Friday was started by Jon Holmquist in 2012 as a way to co-opt a mainstream celebration of consumerism and help Bitcoiners promote their favorite technology. By encouraging merchants to offer discounts on their goods and services when shoppers paid with BTC, the holiday became a showcase for Bitcoin as a payments system, a tool to encourage more businesses to adopt it and a way for HODLers to propel the Bitcoin circular economy.

The team behind Bitcoin Magazine relaunched Bitcoin Black Friday this year with a refreshed website featuring dozens of discounts on things as diverse as hardware wallets and VPNs to apparel and gambling services. 

Bitcoin has come a long way as a payments technology since 2012. There are a variety of bitcoin-backed debit and credit cards, high-quality bitcoin payment processors and, of course, the Lightning Network, which has made bitcoin payments vastly more efficient. To showcase

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