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Netflix’s latest Blockbuster is a mix of nostalgia and reality

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Blockbuster once had over 9,000 stores, but streaming services like Netflix led to a rapid decline in business

Do you remember the smell of a video store? The fully-stocked shelves boasting the week’s newest releases, which were a haven for film and TV buffs.

Blockbuster was a stalwart in the video-retail space. However, the chain went from a corporation of 9,024 stores in 2004 to one remaining store.

The last Blockbuster store is located in Oregon, and has become a novelty for passers-by and locals.

Today, the store has become the subject of Netflix’s latest series, Blockbuster.

The show is an office-humour sitcom, which gives viewers a glimpse into the last remaining Blockbuster.

It follows a hardworking manager, who is fighting to keep his video store open and staff happy.

But the store and its employees are facing competition and complicated feelings towards their job.

Melissa Fumero and Randall Park star in Netflix’s new series.

The shows’ executive producer, Vanessa Ramos said she liked the concept of using the Blockbuster example but also wanted to “build our own little world”.

“There was a Blockbuster by my house and on Fridays, once my dad got home from work, we would go as a family and we would pick three movies,” she said.

Ramos has worked on other successful Netflix series, including Brooklyn Nine-Nine and Superstore.

Does Blockbuster still exist?

There is one remaining Blockbuster store, which is located in Oregon.

The store was opened in 1992 before it rebranded to Blockbuster in 2000. Today, loyal customers and passers-by can rent their favourite movies, shows and video games.

“Before we became the last one, it definitely was more just loyal local customers,” said Sandi Harding, who is the last remaining Blockbuster manager.

“In July, when we became the one store left, everyone started coming here and visiting from all over the world and there was more nostalgia to it,” she told the U.S. Today Show.

The store has also become a popular tourist attraction. Avid film enthusiasts can even use the store as an Airbnb.

The store was decked out with a bed, free snacks and, of course, a large TV.

“It was a challenge to find that chunky TV,” Harding told CNN.

The world’s last Blockbuster Is now listed on Airbnb.

The staycation was a popular choice for people when Covid-19 gripped the U.S. in 2020.

“It’s only $4 for the night, a penny more than what you would spend for a new release.”

“They can just enjoy their evening, enjoy pizza and popcorn and just have a blast,” Harding said.

Costa is a news producer at ticker NEWS. He has previously worked as a regional journalist at the Southern Highlands Express newspaper. He also has several years' experience in the fire and emergency services sector, where he has worked with researchers, policymakers and local communities. He has also worked at the Seven Network during their Olympic Games coverage and in the ABC Melbourne newsroom. He also holds a Bachelor of Arts (Professional), with expertise in journalism, politics and international relations. His other interests include colonial legacies in the Pacific, counter-terrorism, aviation and travel.

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Federal Reserve lowers rates amid eased job market

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The Federal Reserve has cut interest rates by a quarter-point, bringing the benchmark rate to a range of 4.5% to 4.75%, as economic growth continues but job gains slow.

The Fed noted that labour market conditions have “generally eased,” even with low unemployment, signalling a more cautious approach amid a stable economic expansion.

The statement marks a shift in Fed language, now saying inflation has “made progress” toward the 2% goal instead of the prior “further progress.”

With inflation holding steady around 2.6%, policymakers aim to keep economic risks balanced, despite pressures from slower job growth.

This rate cut reflects a strategic move to sustain economic momentum while cautiously watching inflation’s gradual trend toward the Fed’s target.

The decision was unanimous, aligning Fed priorities with a balanced approach to support both employment and price stability.

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Money

Trump victory sparks market surge as Wall Street soars

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Donald Trump’s election victory has sparked a massive rally in the stock market.

Banks and industrial companies led the surge as investors bet that Trump’s plans for deregulation and tax cuts will boost economic growth.

Shares of big banks, like JPMorgan and Goldman Sachs, soared as investors predicted fewer regulatory restrictions.

Meanwhile, industrial giants such as Caterpillar and steelmakers like Nucor also hit record highs, reflecting optimism about U.S. manufacturing.

In contrast, clean-energy stocks took a hit, as Trump’s policies are expected to favour traditional energy sectors.

This surge comes amid rising Treasury yields and falling gold prices as investors gain confidence in the transition to a Trump administration.

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Money

Australian Treasurer and RBA chief clash over economy

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A rare dispute has emerged between Australia’s Treasurer Jim Chalmers and Reserve Bank Governor Michele Bullock over the nation’s economic trajectory.

Governor Bullock argues the economy remains overheated, even as growth data shows recent slowdowns.

Treasurer Chalmers, however, warns that sustained high interest rates are “smashing the economy.”

This debate is critical for Australians, as it will influence the future of interest rates and inflation.

Data shows a mixed economic picture: while inflation is down, it’s still above target, and the jobs market remains historically strong.

Ultimately, deciding who’s right may come down to theory and perspective on economic health.

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