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Online Clothing Sales Surpass Computers for the First Time; To Hit $22.1B in 2007

Americans last year spent more online on clothing than they did on computers for the first time in history, according to the first part of The State of Retailing Online 2007 report by Shop.org and Forrester Research. The report found the apparel, accessories and footwear category reached $18.3 billion in 2006 and is expected to hit $22.1 billion in 2007. 

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Tourism to Bring $110 Billion to Asia Pacific by 2009

Tourism should bring the Asia Pacific region $110 billion in revenues over the next three years, with much of that coming from travelers in the region, according according to the report from the Pacific Asia Travel Association or PATA, reports AP.

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Gartner Says 80% of Active Internet Users Will Have A Second Life 

By the end of 2011, 80% of active Internet users (and Fortune 500 enterprises) will have a “second life”, but not necessarily in Second Life, according to Gartner, Inc.

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US Agency Revenue Up 8.8% to $28.2 Billion

U.S. agencies offering digital marketing services led the charge as overall agency revenue grew 8.8% to $28.2 billion in 2006, reports AdAge. Billings from traditional advertising and media were up just 4.2%, reaching $13.1 billion. Income from marketing offerings rose from 13.1% to hit $15.1 billion. 

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Ranks of Millionaire Households at Record 9.3 Million 

The ranks of households with a net worth of at least $1 million grew 5% to an all-time high of 9.3 million, according to a report released Monday by TNS. he report covers the year through mid-2006; the value of primary residences was not included.

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Consumer Spending Weakest in 8 Months Despite Solid Income Growth

Consumer spending grew at the weakest pace in 6 months in March, despite solid income growth and good news on a key inflation reading in the government's latest measure of the U.S. economy. The weak spending came even as the report showed individual incomes jumped 0.7% in March. 

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User-Generated Content No.1 Threat to Media and Entertainment Industry: Accenture Survey

Media and entertainment executives see the growing ability and eagerness of individuals to create their own content as one of the biggest threats to their business, according to a recent Accenture survey. 

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Click Fraud Rate Rises to 14.8% in First Quarter

The pay-per-click (PPC) industry average click fraud rate jumped to 14.8% for 1Q07 from 14.2% in 4Q06, according to Click Forensics. The average click fraud rate was 13.8% for 3Q06, 14.1% for 2Q06, and 13.7% from 1Q06.

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Overheating Worries: China Economy Sizzles with 11.1% Growth in Q1 07

China's economy surged 11.1% in the first quarter, causing the country's Cabinet to declare Thursday it will take steps to keep the economy from overheating, reports AP. It was the highest growth rate since Q2 2006's 11.5% growth, the fastest in a decade.

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Worldwide PC Shipments Hit 62.7 million in Q1 2007, Says Gartner

Worldwide PC shipments totaled 62.7 million units in the first quarter of 2007, a 8.9 percent increase from the same period last year, according to preliminary results by Gartner, Inc. The Asia/Pacific region surpassed the U.S. PC market to take the No. 2 position in terms of shipments for the first time.

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