According to George W. Bush, the United States is NOT headed into a recession. His word should, of course, be enough to assuage any lingering fears, economic indicators be damned.

Bush made this proclamation today at a press conference, where he seemed a bit startled to learn that gas prices had gotten so darn high. Inspiring confidence and giving off an air of presidential fortitude, just like always.

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In a move that could all but ensure the death of HD-DVD, Toshiba is poised to announce that it will stop producing HD-DVD players, in favor of the Blu-Ray format, using technology pioneered by Sony. Frankly, I'm not sure what the actual qualitative difference between the two are, but the market tends to demand a single format. Hey, at least Sony seems to have learned from its expensive BetaMistake in the mid-70s.

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