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  • "Wall Street is capitalism in its purest form, and capitalism is predicated on bad behavior," rants William Deresiewicz in the NYT. "Shafting your workers, hurting your customers...Leaving the public to pick up the tab. These aren’t anomalies; this is how the system works," Deresiewicz writes, adding that capitalist values are antithetical to democratic one.   [View news story]
    Thank You, Mr. Deresiewicz, for nailing it; you are spot-on correct. Your elegant expose of the system may help spur a much needed cathartic reaction to the perennial excesses of capitalism.
    May 14, 2012. 03:04 PM | Likes Like |Link to Comment
  • One of the best part-time jobs in America keeps getting better, as company directors can expect another big boost in pay. Fortune 500 directors could receive median pay of nearly $234,000 in 2011, a 10% jump from 2010, according to compensation consultant Towers Watson. A separate study found directors average 4.3 hours/week on board work.   [View news story]
    This news should help keep the crowds at Occupy Wall Street busy.....
    Oct 26, 2011. 05:20 PM | Likes Like |Link to Comment
  • The European Union is doomed to fail, observes former Fed Chairman Alan Greenspan, because the divide between the northern and southern countries is too great. "The effect of the divergent cultures in the eurozone has been grossly underestimated," Greenspan says. "The only way to have several currencies from divergent nations lumped together is if they are culturally close, such as Germany, the Netherlands and Austria. If they aren’t, it simply can’t continue to work." (video)   [View news story]
    I'm pleased that someone of Greenspan's stature is echoing what I, and other analysts, have been shouting for months. Much more than a eurozone is required to unify the disparate regional attitudes, appetites, and aspirations of Europeans. Economic and monetary union is insufficient without cultural union.
    Oct 26, 2011. 04:45 AM | 3 Likes Like |Link to Comment
  • Tommy Thornton points out Apple (APPL) accounts for nearly 100 of the 135 point gain in the Nasdaq 100 this year, four times greater than the next best contributor (take a guess ... AMZN). It's truly Apple's world and the rest of tech just lives in it.   [View news story]
    Isn't it marvelous the way petty amusements have such a hypnotic effect on consumer behavior!
    Oct 17, 2011. 11:30 AM | Likes Like |Link to Comment
  • In the wake of the financial crisis, "everyone should be engaged in serious soul-searching, asking how much of what he or she thought was true actually isn’t," Paul Krugman writes, but Republicans instead have adopted "an even cruder version [of their dogma]... hardened even as supposed evidence for government as a major villain in the crisis has been discredited."   [View news story]
    Thanks, Paul Krugman, for once again pointing out the threat to the Union posed by the Alice In Wonderland economics practiced by the Republicans.
    Oct 14, 2011. 07:47 PM | 1 Like Like |Link to Comment
  • You have to love this: Steve Wozniak (yes, that one) was the first person in line (tweet) to buy an iPhone 4S in the Los Gatos Apple store today. The co-founder of Apple (AAPL) queued up in line a mere 18 hours before the store opened. Just for the record, the #2 in line (tweet) was Firefox co-founder Joe Hewitt.   [View news story]
    I sure would have enjoyed listening in on the conversations in THAT line!
    Oct 14, 2011. 03:23 PM | Likes Like |Link to Comment
  • Paul Krugman believes holding China accountable as a currency manipulator would help bring down trade deficits and thus combat high unemployment. The risks of starting a trade war "need to be set against the fact - not the mere possibility - that high unemployment is inflicting tremendous cumulative damage."   [View news story]
    Once again - and as always - the great Paul Krugman is correct.
    Oct 3, 2011. 07:00 PM | Likes Like |Link to Comment
  • Anti-Wall Street protests pick up steam across the U.S. after ragtag offshoots of the Occupy Wall Street movement start to get loosely organized via social networking sites. The focus of the groups center on the "exorbitant" bonuses in the banking industry in light of unemployment and taxpayer bailouts. Lingering question: Is the extensive use of Facebook the wisest choice for the agitators with many of the targeted bankers set to get rich from a Facebook IPO in 2012?   [View news story]
    It's beginning to look like the genesis of a capitalism-socialism hybrid economic model. It's about time....
    Oct 3, 2011. 02:42 PM | 2 Likes Like |Link to Comment
  • Apple's (AAPL) patent lawyers never have a dull week. Today, Taiwan's Via Technologies announces it's suing Apple for allegedly infringing 3 patents involving microprocessors used in mobile devices. Apple's list of legal sparring partners also includes HTC, Samsung, Eastman Kodak (EK), Motorola (MMI), and Openwave (OPWV).   [View news story]
    Also today, tiny MacroSolve filed a patent infringement suit against AT&T, AT&T Mobility, Citigroup, Dell, Salesforce.com, Groupon, and LivingSocial. Perhaps they'll hit Apple next, as well.
    Sep 22, 2011. 10:49 AM | Likes Like |Link to Comment
  • Beer drinkers keep shifting their tastes to lighter beers, keeping brewers scrambling to stay relevant with new crafts while some classic "full-calorie" beers are left behind. Anheuser-Busch InBev (BUD +1.1%) has taken some of the hardest hits over the last 5 yrs, losing sales (measured by barrels) in some of its most well-known brands: Michelob -72%, Michelob Light -64%, Bud Select -60%, Budweiser -30%.   [View news story]
    I'm amazed that in this land of pizza and burgers, beer drinkers have been switching to inferior-tasting light beers because of.....calories?
    Sep 14, 2011. 02:45 PM | Likes Like |Link to Comment