Yes, the tanking economy is hitting the mighty Google just as hard as every other company out there, and they’re having to cut costs as a result. Gone is the 20% time that allowed engineers to dedicate one day a week to pet projects. And hell, why pay those engineers at all? Users can come up with ideas just as well as they can, and they don’t even have to pay them.

That’s the idea behind the new Google Product Ideas blog, a place for people to submit and vote on ideas for new Google products. And what if you come up with a genius idea that makes Google millions of dollars? “If you post an idea or suggestion and we put it into action, we may give you a shout out on our Product Ideas blog, but we won’t be compensating users for their ideas.” Don’t be evil, indeed. [Google Product Ideas via Slashdot]

Consumer electronics are always hit harder than average in tight times, but massive drop confirms what my various visits at barely-busy big box retailers led me to suspect. But what else can we find in this data? And is it really as bad as it looks?

First of all, the category that fell by 27% is titled “Electronics/Appliances”, so it’s possible that things are OK in Gadgetland, and pure carnage in Whirlpoolville. But probably not. Second, the data shows a inverse correlation between a drop in sales and utility. This isn’t to say that gadgets are superfluous luxury items—you won’t hear that here—but rather that the other categories like, you know, shoes, contain products that probably take priority over USB humping dogs and Monster cables.

Oh well. Expect to hear plenty more about these numbers when Q4 earnings reports start trickling out, like tears of disappointment onto so many plimsolls. [WSJ]

The nav market is a tough one, and with the added economic difficulties, Dash feels it can do better work by focussing on their open-source OS, which they will then sell business-to-business. More important than the OS, which is fine but not fantastic, is the back end traffic mesh system. A Dash-powered mid-range Garmin nav sounds like a pretty appealing prospect, and will help bring a Dash-like system to more people for less dough. New CEO Rob Currie also notes that the Dash’s GPRS chip and 400MHz ARM processor are quickly being outpaced by even low-end mobiles, so a move toward adding Dash functionality to GPS-equipped smartphones sounds like a plan to me.

Dash is going to keep the Express back end running for existing owners, but no word on for how long; because these devices hold almost zero local data, once the service goes you will have yourself a nav that can’t do much more than direct address routing. Dash friends, care to let us know how long we have? [GigaOM]

The reason of the sudden swing was artificial, caused by a large chunk of computer-driven orders that pushed the values up, only to drop down again after these were processed. At least according to the Associated Press, which says that this early roller coaster was “likely caused” by these orders, which “kicked-in when prices had fallen far enough to make some stocks look like an attractive bet. But that buying reflected no lifting of the market’s deep despair, and selling continued.”

Oh noes. Maybe we should all cheer up and let computers run the whole thing for a while then. Or just send stocks to hell altogether. [AP -- Thanks OMGponies]