Archive for the 'Economy' Category
Disclosure: I Bought June Puts on SPDR Dow Jones Industrial Average (DIA)
May 27th, 2013Warning: This is not a recommendation to buy, sell or hold any financial instrument. Update: TW Asks: “What the hell does this post mean?” It means that I will make money if the Dow Jones Industrial Average crashes over about the next month. I’m letting everyone know that I have a financial interest in the […]
Protesters Around the World March Against Monsanto
May 26th, 2013Via: USA Today: Protesters rallied in dozens of cities Saturday as part of a global protest against seed giant Monsanto and the genetically modified food it produces, organizers said. Organizers said “March Against Monsanto” protests were held in 52 countries and 436 cities, including Los Angeles where demonstrators waved signs that read “Real Food 4 […]
Recovery: 44% of Homeowners With a Mortgage Can’t Sell
May 24th, 2013Via: The Street: About 44% of homeowners with mortgages cannot afford to sell their homes, according to a recent blog post from real estate company Zillow. Despite a recovery in prices, over a quarter of homeowners with mortgage loans still owe more than their homes are worth. “But another 18.2 percent of homeowners with mortgages, […]
Is Google Going To Make Internet Access Available To Everyone?
May 24th, 2013Via: Bloomberg: Google (GOOG) Chairman Eric Schmidt’s April 13 tweet was bold, ambitious, and a bit inexplicable. “For every person online, there are two that are not,” wrote the co-author of the book The New Digital Age. “By the end of the decade, everyone on Earth will be connected.” Commenters were flummoxed by Schmidt’s prediction. […]
Sears Turning Shuttered Stores Into Data Centers
May 23rd, 2013Via: Data Center Knowledge: Will blinking blue lights of servers soon fill the aisles that previously offered the Blue Light Special? Sears Holdings has formed a new unit to market space from former Sears and Kmart retail stores as a home for data centers, disaster recovery space and wireless towers. With the creation of Ubiquity […]
NIKKEI 225 DOWN 7.32%
May 23rd, 2013Via: Los Angeles Times: Wall Street followed Europe in a broad sell-off following a 7.3% overnight plunge in Japan’s stock market. … Weak Chinese manufacturing data helped send Japan’s Nikkei down 1,143.28 points, or 7.3%, to 14,483.98. The drop was reportedly the worst percentage loss since the country’s March 2011 earthquake and ensuing tsunami. Related: […]
The Robot-Driven Data Center of Tomorrow
May 23rd, 2013Via: Data Center Knowledge: There is an evolution happening within the modern data center. Huge data center operators like Google and Amazon are quietly redefining the future of the data center. This includes the integration of robotics to create a lights-out, fully automated data center environment.
Feds Consider RICO Charges Against Hedge Fund
May 22nd, 2013It’s too bad that the Feds gave billions of dollars to AIG, the Squid et al, instead of prosecuting them as criminal enterprises. Lehman? Fuggetaboutit. Via: Wall Street Journal: Federal prosecutors are considering charging hedge fund SAC Capital Advisors LP as a criminal enterprise through a powerful legal tool used against the Mafia and drug […]
Bill Oddie’s BankWatch
May 22nd, 2013“He’s a Banker, of course he’s gonna charge.” *chortle* Via: Global Witness: Research Credit: BJ
More Poor People Are Now Living in Suburbs Than Cities
May 21st, 2013Via: Daily Ticker: If you think of the typical American suburb as a refuge from the bustling city next door, you may want to think again. According to a new book from the Brookings Institution, the suburbs are changing and are becoming home to a larger number of poor people. The result: more poor people […]
