There is a little parable today on the blatant piracy taking place on Wall Street and the continued regulatory near-vacuum. Chris Pia of Moore Capital [$10B Hedge Fund]got caught in August 2008 “close banging” [ which is merely a trading artifice in which the closing price is manipulated by repeated barrages of buy or sell […]
Wall Street: Blatant Piracy Read More »
This is a Fake Apple Store in China There is a story circulating in the business press about a new case of blatant piracy in China – fake Apple Stores are cropping up all over China. For the past ten years since China was admitted into the WTO and obtained most favored nation status for
China: Blatant Piracy Read More »
Nowhere is the disruptive waves of change emanating from rapid developments in electronics more evident than in photography markets. 150 years of chemical films came to a close in the late 1990’s and early 2000’s with the rise of digital cameras[just ask Eastman Kodak]. Now separate video and still cameras are merging as both compact
Photography : The Futures Read More »
Yesterday, Fed Chairman Ben Bernanke suggested in testimony to Congress that QE3, a third round of quantitative easing, may be required if the economy falters. The US stock markets immediately rallied with a gain of 100 points on the DJIA being typical. Easy money would continue from the Fed with no strings attached. The flawed
QE3 – Trickling Down Nonsense Read More »
News Corp International is the name of Rupert Murdoch’s media empire that stretches from his native Australia [owning many of the largest Australian newspapers] thru Europe with many interests based in England [including Harpers Collin Book Publishing, Sky Italia and other Sky TV networks, several newpapers including the Sunday Times and the just now defunct
As Murdoch’s News Empire Crumbles: Rule of Law Implications Read More »
For the past ten years the Republican Party has been embracing dubious policies that are ever more weakening to the whole country. One notion is that the US tax burden is odious and one of the worst in the world. The second notion is that the public can be duped on hard to understand policy
Republican Irrationality: Embracing the Dubious Read More »
Declaring Google+ the Best Software of 2011 may appear a bit premature. Google Plus/Google+ has provoked a lot reactions on the Net. There has been a lot of positive reviews but also some notable nays. Nonetheless, there are at least 7 very compelling reasons why Google + is the best software introduction of 2011. However,
Google Plus Best Software of 2011 Read More »
Update as of July 16,2011: See the resignation of Les Hinton as WSJ CEO due to his role as head of Murchoch’s News of the World during its most scandalous period of phone hacking and police bribes which Les claims he was unaware of. Also see NYTimes Joe Nocera with his own mea culpa for
WSJ’s Sins of Omission and Commission on Budget Deficits Read More »
NYTimes has a good article about Mitch’s Daniel’s Indiana and some of the heart rending tradeoffs Daniels has had to make in the face of recessionary winds: “People think great business climate, Indiana comes to mind. People think infrastructure, we’re exactly who they think of.”Because recessionary winds have not toppled Indiana’s house, this state is
Mitch Daniel’s Indiana – Facing National Decline Read More »
China is starting to lose its low cost wage advantage. And it is not due to the revaluation of the yuan but rather, increasing inflation within the country. Here are three report that detail the situation: American Machinist – Survey says China is losing its manufacturing edge east2point6billion.com – Will China lose its cost advantage
China Losing Low Cost Wage Advantage Read More »
