The euro was generally stronger on Friday, as US stocks rebounded following comments from Federal Reserve Chairman Ben Bernanke.
While the nation’s top central banker provided no specifics, he said the Federal Reserve stands ready to provide further stimulus if the economic situation deteriorates rapidly.
The US economic recovery has petered out in the last few quarters amid lingering problems in the jobs market.
The government downwardly revised its estimate for second quarter GDP growth to 1.6% from an initial reading of 2.4%. Still, the downward revision was less severe than feared, giving stocks a shot in the arm.
The euro rose to a weekly high $1.2778 versus the dollar, staying well away from June’s 4-year low of $1.1805.
Against the resurgent yen, the euro rallied away from a recent 9-year low, touching a weekly high of Y108.72.
Japan’s Prime Minister Naoto Kan said on Friday that officials will take bold steps when necessary to address excessive volatility in the currency market. He also put pressure on the Bank of Japan to step up new measures to address deflation.
Meanwhile in the US, Bernanke acknowledged that economic activity has been “somewhat less vigorous” than policymakers were expecting.
“The task of economic recovery and repair remains far from complete…. growth during the past year has been too slow and joblessness remains too high,” Bernanke told an annual gathering of fellow central bankers and noted economists in Jackson Hole, Wyoming.
The Zune concentrates on being a Portable Media Player. Not a web browser. Not a game machine. Maybe in the future it’ll do even better in those areas, but for now it’s a fantastic way to organize and listen to your music and videos, and is without peer in that regard. The iPod’s strengths are its web browsing and apps. If those sound more compelling, perhaps it is your best choice.
Zune and iPod: Most people compare the Zune to the Touch, but after seeing how slim and surprisingly small and light it is, I consider it to be a rather unique hybrid that combines qualities of both the Touch and the Nano. It’s very colorful and lovely OLED screen is slightly smaller than the touch screen, but the player itself feels quite a bit smaller and lighter. It weighs about 2/3 as much, and is noticeably smaller in width and height, while being just a hair thicker.
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This is getting a bit more subjective, but I much prefer the Zune Marketplace. The interface is colorful, has more flair, and some cool features like ‘Mixview’ that let you quickly see related albums, songs, or other users related to what you’re listening to. Clicking on one of those will center on that item, and another set of “neighbors” will come into view, allowing you to navigate around exploring by similar artists, songs, or users. Speaking of users, the Zune “Social” is also great fun, letting you find others with shared tastes and becoming friends with them. You then can listen to a playlist created based on an amalgamation of what all your friends are listening to, which is also enjoyable. Those concerned with privacy will be relieved to know you can prevent the public from seeing your personal listening habits if you so choose.
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Hands down, Apple’s app store wins by a mile. It’s a huge selection of all sorts of apps vs a rather sad selection of a handful for Zune. Microsoft has plans, especially in the realm of games, but I’m not sure I’d want to bet on the future if this aspect is important to you. The iPod is a much better choice in that case.
The new Zune browser is surprisingly good, but not as good as the iPod’s. It works well, but isn’t as fast as Safari, and has a clunkier interface. If you occasionally plan on using the web browser that’s not an issue, but if you’re planning to browse the web alot from your PMP then the iPod’s larger screen and better browser may be important.
This is getting a bit more subjective, but I much prefer the Zune Marketplace. The interface is colorful, has more flair, and some cool features like ‘Mixview’ that let you quickly see related albums, songs, or other users related to what you’re listening to. Clicking on one of those will center on that item, and another set of “neighbors” will come into view, allowing you to navigate around exploring by similar artists, songs, or users. Speaking of users, the Zune “Social” is also great fun, letting you find others with shared tastes and becoming friends with them. You then can listen to a playlist created based on an amalgamation of what all your friends are listening to, which is also enjoyable. Those concerned with privacy will be relieved to know you can prevent the public from seeing your personal listening habits if you so choose.
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