No financial chaos in virtual world of Second Life

by Staff Writers
Paris (AFP) Oct 15, 2008
In contrast with the turmoil rattling gobal financial markets, it's all smooth sailing in the virtual economy of Second Life, the California-based creators of the Internet-based universe said Wednesday.

"Despite the chaos in the world's economies, lead indicators for the Second Life economy remain strong" said John Zdanowski, financial director of Linden Lab, which set up Second Life in 2003.

"Second Life as a whole has been so far unaffected by the recent turmoil in real world markets," he added in a written response to AFP.

The exchange rate of the Linden dollar to the US dollar had remained stable, he said, as had trading on the LindeX exchange.

The commercial online world, in which people are represented by animated avatars and can do everything from social activities to shopping, has attracted more than 10 million subscribers, though only five percent are considered active users.

Community
Email This Article
Comment On This Article

Share This Article With Planet Earth

del.icio.us Digg Reddit

YahooMyWeb Google Facebook

Related Links
The Economy

POLITICAL ECONOMY

Recession stalks US, EU, but China offers hope: economists

London (AFP) Oct 15, 2008
The United States and Europe are heading for a "nasty recession" despite efforts to shore up the banking system, but Chinese growth could limit the damage to the world economy, economists said Wednesday.

DISASTER MANAGEMENT Six dead in China landslide: state media Mexico prepares shelters ahead of Hurricane Norbert Portable Imaging System Will Help Disaster Response Disasters kill more in 2008 than in tsunami: UN	CLIMATE SCIENCE EU chief urges leaders not to ditch climate goals Financial crisis must not slow talks on CO2 emissions: UN Financial crisis won't delay Australian carbon trade: PM On climate change, US contenders share the wavelength
EARTH OBSERVATION GeoEye Releases First Image Collected By GeoEye-1 Maps Shed Light On CO2's Global Nature 2008 Ozone Hole Larger Than Last Year Smog Blog For Central America And Caribbean Debuts	ENERGY TECH Analysis: Bank lending dirty or green? Analysis: Venezuelan oil output way down Analysis: Iraq welcomes oil firm bids 2008 Report On Wind Power Generation In United States
EPIDEMICS Waterborne Disease Risk Upped In Great Lakes Analysis: Flu pandemic would overwhelm AIDS virus leapt the species barrier early last century: study Two people die of rare form of plague in Tibet: report	FLORA AND FAUNA Chimpanzees Endangered In Their Last Stronghold Beavers: Dam Good For Songbirds Bold Traveler's Journey Toward The Center Of The Earth Global warming sending tropical species uphill: study
FROTH AND BUBBLE Polluting factories in central China sicken farmers: state press Defence lawyers threaten to stop Ivory Coast pollution trial Defendant in Ivorian toxic waste trial blames Trafigura affiliate Pollution trial opens in Ivory Coast	ABOUT US First-Ever Global Sustainable Tourism Criteria Eight of China's 10 oldest people are ethnic minorities: report Egalitarian Revolution In The Pleistocene New Formula Predicts How People Will Migrate In Coming Decades

The content herein, unless otherwise known to be public domain, are Copyright 1995-2007 - SpaceDaily.AFP and UPI Wire Stories are copyright Agence France-Presse and United Press International. ESA Portal Reports are copyright European Space Agency. All NASA sourced material is public domain. Additional copyrights may apply in whole or part to other bona fide parties. Advertising does not imply endorsement,agreement or approval of any opinions, statements or information provided by SpaceDaily on any Web page published or hosted by SpaceDaily. Privacy Statement