Tuesday, August 30, 2011

Steve Jobs and the Eureka Myth - Adrian Slywotzky - Harvard Business Review

Steve Jobs and the Eureka Myth - Adrian Slywotzky - Harvard Business Review

Sunday, August 28, 2011

Apple Will Continue To Make Big Bets Under Tim Cook, And They'll Pay Off

How Steve Jobs Changed My Life

"I’ve violated every rule of investing in the past two-and-a-half years and am all the richer — literally! — for it. (I’m richer at least on paper, not rich. Please note the difference!)

In any case, what’s the key to my success? One word: Apple. I made a conscious decision in March 2009 to start investing in the Cupertino, California-based company. Apple then was trading at about $78 a share; it’s now trading at around $370 a share.

My only regret is that I didn’t shift more of my investments into Apple when the company was at its nadir. Instead, I’ve periodically and regularly shifted an increasing share of my portfolio into this amazing American success story.

The result, not surprisingly: a stunning and dramatic increase in my financial wealth (at least on paper)!

Yeah, I know: It’s risky to put most of your financial eggs into one investment basket. What happens if Apple falls, which it might? What if a competitor firm comes out with better and less expensive products?

Believe me, I’m well aware of the risks involved. But I’m also well aware of the potential financial upside. More to the point, I simply believe in Apple because I’ve come to love their products and their customer service."

Continue reading article by John Guardiano

ing Christie’s Courageous Climate Stance Christie’s Courageous Climate Stance

"When it comes to climate change, New Jersey Governor Chris Christie annoys people on both extremes of the political spectrum. One more reason to see a bright future for this guy.

On the far left, the Daily Kos types fulminate that Christie is a stooge of fossil fuel interests. Over on the far right, the vein throbbing set obsesses that Christie has joined the church of Al Gore.

This is a positive development. In defying ideologues and their litmus tests, Christie is blazing a trail that could lead the U.S. out of its polarized rut on energy and climate policy.

What did Christie do that resulted in such diverse outbursts of ideological bloviation?

On August 19, he vetoed a bill that would have returned New Jersey to the Northeast’s regional cap-and-trade program for power plants. It’s called the Regional Greenhouse Gas Initiative, or RGGI for short."

Continue reading article by Jim DiPeso

Friday, August 12, 2011

Why Social Security Is A Ponzi Scheme

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Monday, August 8, 2011

Supercomputers: The New Face of Wall Street (For Better or Worse)

Joris Maltha, co-founder of Catalogtree, uses data visualization to show the impact that supercomputer error had on the New York Stock Exchange during the most recent crash. "There are no humans involved, its just mathematical algorithms trading amongst themselves," explains Maltha.

See another video at Wall Street: The Speed Traders

Friday, August 5, 2011

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More Evidence Apple Is Readying An Inexpensive Pre-Paid iPhone


The Doomsday Scenario Has Basically Happened: Here's What Banks Said They Would Do


Here's What Happened When This 25-Year-Old White American Appeared On A Chinese Game Show

The Weird Story Of The British Millionaire Using Twitter To Take On Russian Kidnappers

Russian market battered as global markets wilt

"Russian markets have been caught up in the global selloff which has seen the Dow Jones close 4.3% lower overnight with the FTSE 100 in London down 3.4%. In Moscow, the MICEX was 3% lower at 11.00 AM after opening 4% down.

Friday trade has seen Asian markets continue to slide with Australia down more than 4%, Hong Kong down 4.7% and Tokyo down 3.6% with concerns over the global economy ranging from Eurozone sovereign debt fears, to weak U.S. growth figures, to inflation in China dogging investors who have seen sentiment reverse since spring.

In Moscow the MICEX has opened 4% down after taking a 2.1% hit on Thursday.Brent Crude is holding at around $107/bbl, with the WTI price in the saturated U.S. market falling further to $85.56/bbl at the close of U.S. trade – its lowest in 5 weeks.Most industrial metals are lower with gold trading at $1660/oz and beyond as far vas an all time high of $1684.90/oz.

The nerves weighing on investors globally after the U.S. debt ceiling negotiations of last weekend, were frayed further with ECB President Jean Claude Trichet revising his outlook for the Eurozone economy at the same time as European Commission President Jose Manuel Barroso called for a deepening of the Eurozone bailout mechanism, adding he had ‘deep concerns’ about Italy and Spain.The comments reverberated through Euro markets in Thursday trade and set the scene for heavy falls in the U.S. overnight."

Continue reading article on Russia Today

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THE TRUTH ABOUT CHINA: Horrible Smog, Rising Labor Costs, iPhones Everywhere

A Deep Dive Into Today's "Good" Jobs Report

Email In OS X Lion Is Crippled Until You Enable This Feature

India Is Giving $2 Billion To Help Bail Out Europe

Most Europeans Think The EU Did A Better Job On The Economy Than The US

Eurozone Leaders To Hold Emergency Discussions On Crisis Today

Here's The Problem With This Market Crash...

Today's Huge Lesson: The Stimulus Worked, But Keynesianism Failed