| Business, Economy, Technology | 0 Comments |
I am going to paste this post from Umair Haque below. It’s just about full length, but it’s important to get the ideas out there:
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Today’s corporate picture looks darker and bleaker than ever. And especially among those of us in our 20s and 30s, the feeling that business as usual cannot go on is growing.
But [...]
| Business, Economy, Life Happens | 1 Comment |
Consider this:
The price of oil jumped from $117 to $120 within the last 24 hours or so.
Home values around San Francisco Bay area have dropped by over 10% in the last year. In other parts of the country even much much more than that.
Japan ran out of butter, among other things coming up.
Sam’s Club, the [...]
| Business, Economy, Life Happens | 1 Comment |
The Daily Mail has a great recap of some points in a piece titled Why China is the REAL master of the universe.
Take off those pink tainted sunglasses and breathe that info in. Some excerpts:
The truth is that we are masters of the world no more.
The global power shift from the West to the [...]
| Business, Economy, Web | 1 Comment |
The newspaper industry has experienced the worst drop in advertising revenue in more than 50 years. According to new data released by the Newspaper Association of America, total print advertising revenue in 2007 plunged 9.4% to $42 billion compared to 2006 — the most severe percent decline since the association started measuring advertising expenditures in [...]
| Business, Economy, Technology | 3 Comments |
Consider the following quote by Eric Hoffer:
When people are free to do as they please, they usually imitate each other.
I saw this quote on another blog and thought about it for a minute. If true, what does it mean for man’s progress, technology, entrepreneurship.
I think there’s definitely a negative aspect to this. When things are [...]
| Business, Economy, Life Happens | 1 Comment |
Some would say it’s already pouring in fact.
This via Umair, who never disappoints in puttings thoughts together concisely:
Guys, I’m going to write the Bear/macro situation in detail later. It’s really too depressing to dwell on at the moment.
Here’s the quick version. You will read a lot of complicated analyses today.
Some are very, very good. The real [...]
| Business, Economy, Streaming, Web | 0 Comments |
Via Wall Street Journal here:
Pushed to the brink of collapse by the mortgage crisis, Bear Stearns Cos. agreed — after prodding by the federal government — to be sold to J.P. Morgan Chase & Co. for the fire-sale price of $2 a share in stock, or about $236 million.
Bear Stearns had a stock-market value of [...]
| Business, Economy | 1 Comment |
As Wall St banks confront another string of write-downs, I thought this post from Umair was a good commentary. Here’s a snippet:
In Zimbabwe, it looks like this: a cadre of government thugs, eating what little fat is left on the bones of the country’s decaying agricultural and industrial asset base.
In the UK and US, it [...]
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