slice of koh

Slate posted an article claiming that high development costs and the search for the “next blockbuster hit” are drowning video game publishing giants like EA and Activision.   It is true that behemoth video game publishers such as EA and Activision are facing unprecedented development and overhead costs when producing their own games while managing other studios at the same time.  However, I believe there are structural changes taking place in the video game industry that are unique to this console generation than past console generations.

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It’s a pretty bad time to graduate from college or any form of school.  Unemployment is hovering at 7.6% and continues to climb.  More people are in line for their unemployment benefits.   Since I was curious, I walked into a  McDonalds one morning to ask for an employment application.  The employee apologized and said that they ran out of employment applications and too many people applied.  You know times are pretty bad when McDonalds start turning away people.  This is especially challenging for recent college graduates who are just starting out and learning to live on their own paychecks.  The majority of those recent college graduates will have some sort of debt from student loans (private and federal) and credit cards.  I just graduated from college in June 2007, and I am still fortunate to be employed and paid pretty damn well for just having a bachelors degree.  Nonetheless, I am still cautious with my personal finances and definitely had a few missteps of my own in the first 12 months.

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