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ECONOMICS OF THE NORTH POLE:SANTA CLAUS AND THE PLAYSTATION 3

Yes, Santa Claus is coming to town soon, but for all the good little boys and girls, is he upping the ante with the new advances in technology? Has he figured out how to combat the escalating production costs? Has he worked out a deal with the elves’ union and adjusted to the shift from a blue-collar to no-collar workforce? Normally, I would just check the annual report of a company for answers, but, as we all know, the North Pole is not exactly traded on NASDAQ.

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