According to the New York Times Article… Features have proliferated on BlackBerrys as part of RIM’s move to the broader consumer market, and so have the number of models. Since 2007, RIM has introduced 37 models. The company, in a statement, said it did not know how many models were on the market. How can [...]
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Government Making Sense!
I never understood why AT&T would be allowed to withdraw their merger related application with the FCC while continuing on with the DOJ. It sounded like they were trying to play one against the other. They didn’t want the DOJ to know what was in their FCC app and they thought DOJ approval would then [...]
Question About Rogue Traders
It was recently reported that that UBS suffered a $2 billion trading loss due to a “rogue trader”. Mr. Adoboli, 31, has now been charged with one count of fraud and two counts of false accounting in connection with a $2 billion trading loss at his former employer, the Swiss banking giant UBS. This raises the question: Was [...]
Question: Robots Boost Jobs?
Aren’t robots usually used to increase productivity by doing things cheaper than a human can? Why is President Obama’s $70 million initiative to promote robotic development being promoted as: …a vehicle to transform American lives and revitalize the American economy I suppose unemployment will transform a life. Ok, I realize technology moves on and we [...]
Wahoo! I invested in General Motors
According to the Planet Money blog I just invested $192 in General Motors. Wonder if that employee/owner discount will cover the money I expect to lose on the investment.
Boiling Blood
I came across two stories in recent days that make my blood boil. One even used the term. The first was from the Planet Money blog and pointed me to Joe Nocera’s NY Times column. He talks about the AIG mess and how the company has to be kept alive: And yet — and this [...]
Citigroup Survives Management Failure
The New York Times is reporting that the government has approved a plan to “stabilize” Citigroup. MarketWatch also has some details. The plan includes a $20 billion cash injection via preferred stock with an 8% dividend. The government also gets to approve executive compensation, but I repeat, how do these folks deserve anything other than [...]
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