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"Guitar Hero" strikes right chord
(Reuters)
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 Reuters - It sure helps to have the "Guitar Hero" franchise. On Wednesday, two big video game companies reported quarterly earnings, with Activision Blizzard impressing investors while THQ depressed them.
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Yes, Virginia, There Is a Recession
(BusinessWeek Online)
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BusinessWeek Online - For a glimpse of shopping trends this holiday season, consider Deborah Niemann-Boehle. The Joliet (Ill.) teacher says she "used to be one of those parents who spent $1,000 at Christmas and had presents sticking out from under the tree for a couple of feet in every direction." This year, instead of getting Xboxes (NasdaqGS:MSFT - News) or iPods (NasdaqGS:AAPL - News), her three teens will receive clothes from Kohl's or J.C.Penney . She's crocheting hats and mittens and making goat milk soap for everyone else.
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Trends & Innovations - Thursday
(Investor's Business Daily)
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Investor's Business Daily - China's gov't has begun to levy taxes on virtual assets. Gamers who get magic items, gold or other assets in virtual worlds are being taxed at a 20% rate. Thanks in large part to the popularity of multiplayer online games, China's virtual goods market has grown into a $1.45 bil industry. Some firms hire young Chinese to play games, and then they sell their players' winnings online. The tax in part takes aim at this practice, which is called "gold farming."
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Music-themed videogames on high note
(AFP)
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 AFP - Much as music-themed reality shows have swept television, music-themed videogames are multiplying so quickly editors are being forced to come up with games that sing to new audiences.
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AP - When Les Paul's grandchildren are jamming on the video game "Guitar Hero," it's not lost on him that he made it all possible.
AFP - Japan's Shigeru Miyamoto, creator of Donkey Kong and global best-seller Super Mario Bros, releases his Wii Music in Europe next week, his latest work in 30 years of inventive videogame design for Nintendo.
Reuters - Amid the flood of third-party instrument peripherals emerging for the new "Guitar Hero" and "Rock Band" music simulation games, God forbid if Gene Simmons would miss an opportunity to get his brand on.