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Thursday, July 21, 2011

The Onion Daily Dispatch - July 21, 2011

The Onion

Nation's Optometrists Finally Starting To Recover After Raucous Optic Disc Expo 2011 07.21.11

ATLANTA—Following days of lengthy seminars, pharmaceutical presentations, and panels on topics ranging from retinal fluid to posterior microphthalmos, the lives of optometrists across America finally began returning to normal this week as yet anothe...

News in Brief »

Congress Continues Debate Over Whether Or Not Nation Should Be Economically Ruined

American Voices »

FBI Raids Homes In 'Anonymous' Sweep

"Does that mean it’s safe to use 'password' as my password again?"

opinion »

These Summer Movies Are Blockbusting My Wallet!

In a world… Where dollars have no meaning… And retirement funds are running out… One man and his bank account must fight to survive. This summer, it's Roger "The Rock-ger" Dudek in… The $10 Movie: 3-D(ollars for a ...

Radio News »

Necrophiliac's Release From Prison Seen As Threat To Area Corpses

featured section: »

Horoscope »

Aries Mar 21 - Apr 19

While innovative, your plans for a solar-panel-powered sex machine will fall victim to a wave of scorn and derision.

Most Popular »
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Today in Slate: Meet the Bachmann's 'Ex-Lesbian' Friend; Plus, Is Yogurt Good For You?

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Briefing News & Politics Arts Life Business & Tech Science Podcasts & Video Blogs
 
 

Today: July 21, 2011

Meet the Bachmanns' "Ex-Lesbian" Friend

Meet the Bachmanns' "Ex-Lesbian" Friend

Janet Boynes discusses her 14 "miserable" years as a lesbian and her ministry to those who want to "leave the homosexual lifestyle."

By Libby Copeland

READ FULL STORY | More Double X

The End of 140

The End of 140

Why Twitter should double its character limit.

By Farhad Manjoo

READ FULL STORY | More Business and Tech

Is Yogurt Good for You?

Is Yogurt Good for You?

The pros and cons of probiotics.

By Amanda Schaffer

READ FULL STORY | More Science

Shafer: Murdoch Thinks Everyone Is Out To Get Him. He's Right!

Shafer: Murdoch Thinks Everyone Is Out To Get Him. He's Right!

Should a Men's Soccer Team Hire Hope Solo To Be Its Goalie?

Should a Men's Soccer Team Hire Hope Solo To Be Its Goalie?

The Internet Didn't Kill Borders. Bad Strategy and Dumb Ideas Did.

The Internet Didn't Kill Borders. Bad Strategy and Dumb Ideas Did.

The TSA Is Ditching the Creepiest Thing About Naked Body Scanners

The TSA Is Ditching the Creepiest Thing About Naked Body Scanners

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Why Aren't Clients Fleeing Goldman Sachs?

Why Aren't Clients Fleeing Goldman Sachs?

How the Fastest Man in Fast Fashion Got So Speedy

How the Fastest Man in Fast Fashion Got So Speedy

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Science

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Moneybox: Readers Without Borders

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Readers Without Borders
What killed the big-box retailer? Hint: It wasn't the Internet.
By Annie Lowrey
Posted Wednesday, July 20, 2011, at 5:56 PM ET

Borders bookstoreOf course running a bookstore is a hard, hard business in the age of the Internet. Still, Borders' decision to liquidate, closing 399 stores and laying off 10,700 employees, seemed shocking. As George Mason economist Tyler Cowen observed poignantly: "Not one single investor, in the whole wide world, thought Borders had a real economic future."

The company itself gave three reasons for its demise in its corporate communication-cum-suicide note. "We were all working hard towards a different outcome," President Mike Edwards said. "[B]ut the headwinds we have been facing for quite some time, including the rapidly changing book industry, e-reader revolution and turbulent economy, have brought us to where we are now."

To continue reading, click here.

Annie Lowrey reports on economics and business for Slate. Previously, she worked as a staff writer for the Washington Independent and on the editorial staffs of Foreign Policy and The New Yorker. Her e-mail is annie.lowrey@slate.com.

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Also In Slate

Shafer: Murdoch Thinks Everyone Is Out To Get Him. He's Right!


Should a Men's Soccer Team Hire Hope Solo To Be Its Goalie?


The Internet Didn't Kill Borders. Bad Strategy and Dumb Ideas Did.

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Microsoft Burns Another $728 Million Online


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Thursday, July 21, 2011
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Microsoft Burns Another $728 Million Online

Microsoft just delivered earnings, and while the overall picture is pretty good, there's one particular section of the company that is not.

The online division produced another bad quarter with an operating loss of $728 million. For the twelve month period ending in June 30, 2011, Microsoft's online division has lost $2.6 billion. 

At some point Microsoft will get this turned around, right? Read »


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