Opinion and analysis of the day's music news.

Economic Recovery Slow
-- On the economic front, U.S. CEOs say they are less willing to hire new workers out of fear that sales growth with lose steam, according to a Business Roundtable survey. “This is and will continue to be somewhat of a long and uneven recovery. We're not seeing a lot of major momentum develop here," said Ivan Seidenberg, CEO of Verizon and chairman of the Roundtable.

More bad news: Consumer confidence has fallen to its lowest mark since February. Unemployment sits at 9.6% and credit availability is still limited. Since consumer spending makes up the bulk of GDP, the consumer confidence index is an important barometer for the health of the economy.

If there is any good news, it is that inflation is not a problem and home prices were up 3.2% in July compared to the same period last year. (Reuters, FoxBusiness)


Nielsen: Holiday Sales To Be Flat
-- Related: Nielsen forecasts flat holiday sales in the U.S. “The Nielsen Company predicts consumer holiday spending to closely reflect 2009 spending with flat dollar sales at approximately $89 billion, and flat to declining unit sales, down 0.15 percent. This year’s holiday forecast follows two previous seasons where Nielsen’s predictions on unit and dollar sales fell within 1.5% of actual results.” (NielsenWire)


Mobile Roadie, Songkick Partner
-- App maker Mobile Roadie and Songkick have formed a partnership that will intergrate Songkick’s concert listings into Mobile Roadie’s content management system. So, when a Mobile Roadie customer is creating an app, that artist’s entire tour schedule can be imported into the app with a single click. (Mobile Roadie blog)


Best Buy To Push Connected Products During Holiday Season
-- Best Buy, the first retailer to carry Google TV, will push connected digital products this holiday season in its “connected world” campaign. According to the Wall Street Journal, the retailer will push not only its connected television (which will come pre-loaded with Napster and CinemaNow services) but mobile devices as well. From the article:
“One key link to that strategy will be so-called smartphones, which will be ‘the biggest thing for’ Best Buy this holiday season, said Mike Vitelli, Best Buy's president of Americas, citing a still small industry-wide penetration among U.S. households that gives the category plenty of room to grow. To help drive demand there, Best Buy plans to open about another 50 standalone Best Buy Mobile stores by the holiday season on top of the about 100 the company already has, Vitelli said.” (Wall Street Journal)


Assorted Links
-- See how Spotify works on Sonos. (YouTube)

-- Ne-Yo has entered into a joint venture agree­ment that will bring his Compound Entertainment to the Island Def Jam Music Group. The first artist signed to the Compound joint venture is Loren Allred, a pianist, singer and songwriter based in Salt Lake City, whose debut album will be released early next year. (Press release)