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kmi

kmi
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  • Google (GOOG) has "given up" on social networking, Piper Jaffray's Gene Munster says, which inevitably will result in a shift of ad dollars to Facebook. The hard reality for Google is that it "can’t recreate the social graph" won by Facebook, Jaffray says. "What Facebook has showed is that finding information is more social-based, and less machine-based." (video)  [View news story]
    I expect Google to attack "sideways", by creating something that will erode the walled garden. One Facebook leaks like a sieve Google will suck it dry.

    It's a very Google thing to do. If you can buy it, create something that makes it leak into you hah.

    Look at how dominant Android has become, Google has yet to monetize it for all its worth, but there is a plan there, and its got a long tail.
    Jan 5, 2011. 07:18 PM | 2 Likes Like |Link to Comment
  • Despite chatter about being cut off from supplies, there was no reduction in Japan's imports of rare earths from China in 2010. Chinese trading firms confirm that while the metals are harder to get a hold of,  they are still doing business with Japan,  [View news story]
    Isn't Toyota already planning on doing that with where the Yen is? (Prius hybrid powertrain uses rare earths)
    Jan 5, 2011. 07:13 PM | Likes Like |Link to Comment
  • Despite chatter about being cut off from supplies, there was no reduction in Japan's imports of rare earths from China in 2010. Chinese trading firms confirm that while the metals are harder to get a hold of,  they are still doing business with Japan,  [View news story]
    Additionally, it may have been partly smoke and mirrors to drive up the value of the product and an opportunity for China to test its clout.
    Jan 5, 2011. 05:11 PM | Likes Like |Link to Comment
  • The SEC is under tremendous pressure to scrutinize the controversial investment deal between Goldman Sachs (GS) and Facebook, Fox's Charlie Gasparino reports, and Wall Street sources tell him there's a "50/50 chance" the deal could get nixed.  [View news story]
    Honestly?

    If the that's the kind of market - where Facebooks "share" sellers came out and said no one has any idea of what revenues are, and GS's "client" buyers - who may be getting completely screwed as no independant auditing of Facebook's books has been done or allowed - that the "wealthy clients" of GS want in to, I say, go for it.

    Just don't come crying when you lose your money, and don't expect middle america to bail you out.

    The fact that they are breaking the law, is a problem, but as to the specifics and to the notion that GS may set itself up with its own private "stock market" dealing with large companies that don't want the scrutiny associated with going public, I could care less.
    Jan 5, 2011. 05:09 PM | 1 Like Like |Link to Comment
  • Strip malls continue to cope with oversupply, lower rents and a high vacancy rate, according to real estate research firm Reis. Vacancies at U.S. strip malls were flat in Q4 at 10.9%, and effective rent fell to levels last seen five years ago. The numbers were brighter at larger regional malls, where the vacancy rate fell for the second straight quarter.  [View news story]
    i.e. payroll tax breaks, etc. Ignoring the reality of government intervention in the form of for example tax breaks for small business just to take the opportunity to pound home the idea that 'government bad, me good' is just politics and shortsighted.

    I'm a small business, and I can guarantee you that the new 1099 law is onerous and cumbersome. And it's legislation. If it was removed, i would be better off. This is "measures taken to rekindle" etc. Let me know if you need more help understanding my comment.
    Jan 5, 2011. 04:38 PM | 2 Likes Like |Link to Comment
  • Strip malls continue to cope with oversupply, lower rents and a high vacancy rate, according to real estate research firm Reis. Vacancies at U.S. strip malls were flat in Q4 at 10.9%, and effective rent fell to levels last seen five years ago. The numbers were brighter at larger regional malls, where the vacancy rate fell for the second straight quarter.  [View news story]
    Overbuilt by builders who expected national retailers who were expanding would fill them.

    They need to be filled by neighborhood and small business now if anything will fill them.

    And that segment of the economy is not doing quite as well as the big corps.

    It remains to be seen whether the right legislation and measures will be taken to rekindle the engine of growth in the real economy.
    Jan 5, 2011. 03:13 PM | 1 Like Like |Link to Comment
  • John Boehner takes the gavel from Nancy Pelosi as Speaker of the House, but now it's time to govern, and Republicans are already forced to scale back plans for deep spending cuts. When House leaders said highway and mass-transit programs shouldn't be shielded from cuts, they immediately drew fire from states, the construction industry and the Chamber of Commerce.  [View news story]
    What is also true is that regardless of what they can or cannot do, they successfully manipulated the public into believing that they would do big things and it took a NY minute for them to say 'well hold on a minute..."

    What a disgrace.

    If they didn't know they couldn't make the cuts, then they are so incompetent as to be unworthy of office. If they did know they couldn't make the cuts, they are liars and crooks and also unworthy of office.
    Jan 5, 2011. 03:11 PM | 9 Likes Like |Link to Comment
  • China Lights, Global Floods, Australian Coal [View article]
    I should point out that even though US energy consumption has been going down, it is also due in part to the export of manufacturing to the very emerging markets growing their consumption.

    the point being, let's not break our arms patting ourselves on our collective backs for our reductions when we may just have shifted our consumption.
    Jan 5, 2011. 03:07 PM | 9 Likes Like |Link to Comment
  • Something has to give. Jeff Rubin argues the speedier economies Western governments are relying on to make good on their enormous debts will propel oil higher. He questions the sustainability of faster growth in a world with oil prices well above $100/barrel.  [View news story]
    I should probably avoid getting into a discussion with someone who has a clear political agenda but I'd also suggest that Exxon isn't going to sell the US oil cheaper just cause the we gave em a license, US company or no. Oil gets priced on the global market.

    It continues to make more sense to produce domestic renewable energy consumed domestically by domestic labor than to hope that a few more wells in the GOM will save our butts from the terrorists.
    Jan 5, 2011. 02:46 PM | 1 Like Like |Link to Comment
  • Dec. ADP Jobs Report: +297K vs. +100K expected and +92K prior (revised from +93K). The pace of job growth was "well above what is usually associated with a declining unemployment rate... After a mid-year pause, employment seems to have accelerated."  [View news story]
    I was mostly responding to berated's comment of "I suspect your comment is directed at perma-bears".

    Additionally, even though I concede your point, I'd still suggest avoidance of perma-anything.
    Jan 5, 2011. 02:36 PM | 1 Like Like |Link to Comment
  • The U.N. says its index tracking prices in 55 food commodities hit a new record in December, breaking a June 2008 high, amid rising costs for meat, dairy and sugar. Meanwhile, one grocer is prepared for continued commodity spikes: The U.K.'s Tesco sets up a gold exchange.  [View news story]
    Food > Gold

    heh
    Jan 5, 2011. 01:31 PM | Likes Like |Link to Comment
  • China Lights, Global Floods, Australian Coal [View article]
    China is also the country in the world growing its renewable energy generation capacity faster than anyone else.

    They even delve into relatively exotic methods like "combustible ice"
    news.discovery.com/tec...

    There is definitely reason to be concerned about Chinese coal consumption but let's not be alarmist either. China's energy policies seem to be effective and they can always reduce/discontinue fuel subsidies if they want to decrease consumption.
    Jan 5, 2011. 01:30 PM | 4 Likes Like |Link to Comment
  • Ahead of key contract negotiations with (still?) Big Three automakers GM, Ford (F) and Chrysler (FIATY.PK), auto workers union chief Bob King says union members' sacrifices ($7K-30K in concessions each since 2005) were central to the industry's turnaround, and they deserve to share in its success.  [View news story]
    They key here is for the automakers to take a hard look at what exactly was unsustainable about the old model and negotiate it off the table.

    Smart negotiations will keep the employees happy and the shareholders profitable. Piss poor management like what got GM/Chrysler into trouble and excessive concessions to unions will result in another failure.
    Jan 5, 2011. 01:24 PM | 2 Likes Like |Link to Comment
  • Ahead of key contract negotiations with (still?) Big Three automakers GM, Ford (F) and Chrysler (FIATY.PK), auto workers union chief Bob King says union members' sacrifices ($7K-30K in concessions each since 2005) were central to the industry's turnaround, and they deserve to share in its success.  [View news story]
    Automakers can't really offshore all their manufacturing due to certain regulations. Lengthy to explain, but don't expect it to happen.

    Of course, who knows what our pols will do to change the regs but again, I don't expect it.
    Jan 5, 2011. 01:21 PM | 1 Like Like |Link to Comment
  • Something has to give. Jeff Rubin argues the speedier economies Western governments are relying on to make good on their enormous debts will propel oil higher. He questions the sustainability of faster growth in a world with oil prices well above $100/barrel.  [View news story]
    I don't buy the "well above $100" argument at all, nor do I buy that emerging economies will continue to grow oil consumption at current rates.

    Short term there's a little momentum in oil since coal is getting crushed the generators in China will have to run on diesel, but long term meh.
    Jan 5, 2011. 01:17 PM | Likes Like |Link to Comment
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