Dick Cheney's Been Preparing for An Economic Collapse March 27, 2008
"Wouldn’t you like to know where Dick Cheney puts his money? Then you’d know whether his “deficits don’t matter” claim is just baloney or not. Well, as it turns out, Kiplinger Magazine ran an article based on Cheney’s financial disclosure statement and, sure enough, found out that the VP is lying to the American people."
Curtains for the Dollar in Argentina/Brazil Trade March 26, 2008
"Argentina and Brazil are to scrap bilateral commercial transactions in U.S. dollars and start using their own currencies from August, an official in charge of currency settlement at the Argentine Central Bank."The free ride for the US is soon to be over. Americans will have to get its fiscal policy in order soon, or they will suffer greatly.
Is too much innovation a bad thing? March 26, 2008
Innovation expert Scott Anthony in the excellent post Innovation Gone Overboard. His point: Companies often try to freshen their existing products with too much innovation; the 37th button on the remote. But their mistake is your opportunity. Automakers, for example, are...
Are Your Kid s Internet Postings Landing You in Hot Water March 25, 2008
Wayne Watts, a vp at AT&T, was defending the company’s practices to industry regulators who were examining the company’s takeover bid for BellSouth. His son Jared, meanwhile, from his job at Cingular Wireless (then an AT&T subsidiary blogged that mergers inconvenience customers, and called the company’s policies “abusive to the customer,”
Google's New Ad Tool: What Exactly Does It Mean For Industry March 25, 2008
Online advertising is the fastest-growing segment of the ad industry. Standard offerings like TV commercial and print ads are all trying to keep advertisers interested, but it's online ads that are measurable, offering complete accountability.
Are these widgets worth half a billion? March 25, 2008
A lot of eyebrows were raised on Wall Street in January when two giant investment firms, Fidelity and T. Rowe Price, paid $50 million for a 9.1% stake in Slide, a San Francisco- based company best known as the purveyor of entertainments like SuperPoke, which lets Facebook users "ninja kick" or "bodyslam" or "throw a pillow at" their friends.
The Rise of The New Nomadics March 25, 2008
If your ‘job’ entails loitering in coffee shops, armed with only a laptop and mobile, then you’re part of a brave new world..Ditching the office is the most modern way to operate these days, it seems. Punchin culture is out – a surgical attachment to a laptop and a mobile phone, and a willingness to travel, are in.
JP Morgan decides not to Steal Bear Stearns, Quintuples bid March 25, 2008
In a move to assure the deal gets done, J.P. Morgan Chase has decided to quintuple the price they're paying for Bear Stearns from $2 per share to $10. I guess you can afford to do that when the US Federal Reserve is financing the deal and taking on all the risk.
Why We Borrow Until It Hurts March 24, 2008
If the subprime mortgage mess has taught us anything, it is that we are leverage addicts. Nearly all of us are — from Northern Virginia, where we bought big houses with no money down, to Wall Street, where traders borrowed cash to make bigger bets on the housing market.
Partying Like It's 1929 March 24, 2008
Economist Paul Krugman weighs in on the current financial crisis: "... what we should be asking is: How did we get here?"
Qwest To Workers: Pee In A Urinal Bag [Classy] March 23, 2008
Union representatives are pissed that Qwest ordered field workers to pee in urinal bags so they wouldn't waste time trying to find public bathrooms. The disposable urinal bags were distributed by a manager to 25 male field techs in Colorado.
Starbucks must pay $100m in tips March 21, 2008
A US judge has ordered Starbucks to repay its California coffee-makers more than $100m in tips that were paid to shift supervisors.
Foreign Investors Systematically Dumping US Treasuries March 21, 2008
As feared, foreign bond holders have begun to exercise a collective vote of no confidence in the devaluation policies of the US government. The Federal Reserve faces a potential veto of its rescue measures. Asian, Mid East and European investors stood aside at last week’s auction of 10-year US Treasury notes. “It was a disaster,” said Ray
Starbucks Customers Demand More Wi-Fi On New Site March 21, 2008
Starbucks has launched a social network called "My Starbucks Idea" where customers can post suggestions or complaints, and others can vote if they agree. Like foam in a cappuccino, the most popular entries rise to the top. One of the biggest complaints: Not enough free Wi-Fi.
A Couple of My Rules for Startups March 20, 2008
My "rules" below aren't just for those founding the companies, but for those who are considering going to work for them as well.
The Hidden Epidemic March 20, 2008
An article on how the majority of med students are going into dermatology and plastic surgery instead of general medicine...... "Dermatologists say they enjoy the variety of a specialty that encompasses serious illnesses like skin cancer and psoriasis as well as conditions like uncombable hair syndrome."
Efforts to Block Junk Mail Slowed by U.S. Postal Service March 20, 2008
Barred by law from lobbying, the Postal Service is nonetheless trying to make its case before a growing number of state legislatures that are weighing bills to create Do Not Mail registries, which are similar to the popular National Do Not Call Registry.
What makes a tightwad March 20, 2008
"Study finds that people who are stingy report feeling emotional pain when spending money"
'Dollar Worth Maybe Zero' In Amsterdam March 20, 2008
The U.S. dollar's value is dropping so fast against the euro that small currency outlets in Amsterdam are turning away tourists seeking to sell their dollars for local money while on vacation in the Netherlands.
Summit Ent. acquires Ben Mezrich's Wallstreet Novel 'Rigged' March 20, 2008
Based on the true story of John D'Agostino, "Rigged: The True Story of an Ivy League Kid Who Changed the World of Oil, From Wall Street to Dubai" is about an Italian kid from Brooklyn who matriculates at Harvard and lands on the Merc Exchange. After establishing himself, the protagonist hooks up with another young trader and a mysterious...
59% of Americans say Depression Likely - 79% Worry About One March 19, 2008
"Asked if the US could slip into a depression lasting several years, 59 percent said it was likely and 79 percent said they were worried about it, the paper said.The poll of 1,025 adults was completed on Sunday and has a margin of error of plus or minus 3 percentage points.The poll results reflect a slide in confidence ..."
