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Business/Economy (General/Chat)

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  • What if Windows 8 flops?

    10/04/2012 11:01:13 AM PDT · by SeekAndFind · 42 replies
    Network World ^ | 10/04/2012 | Tim Greene
    Microsoft launches Windows 8 later this month after a year of gradually making the new operating system more and more available, hoping for a big hit that will drive sales this holiday season and beyond, and giving the company new hope of grabbing a bigger share of tablet sales. But what if Windows 8 flops? For businesses, the problem won't be that dire, says Paul DeGroot, principal consultant at Pica Communications. Businesses that are Microsoft shops already have an operating system, likely Windows 7, but if not, Windows XP with a plan to adopt Windows 7 soon before support for...
  • Power7+ chips debut in fat IBM midrange systems

    10/04/2012 9:26:39 AM PDT · by Ernest_at_the_Beach · 8 replies
    The Register ^ | 3rd October 2012 04:01 GMT | Timothy Prickett Morgan
    IBM has taken the wraps off the first of its Power Systems machinery to make use of its cache-heavy Power7+ processors, and as El Reg anticipated from the hints in the announcement invitation put out two weeks ago, Big Blue is starting near the top of the line as it upgrades systems that run AIX, IBM i (formerly known as OS/400), and Linux. As has been the case for the past several generations, the rollout for the Power7+ chips will be a gradual one. "The rest of the products will get the Power7+ next year, with the exception of the...
  • Obama Keeps Tanking On Intrade (Debate aftermath)

    10/04/2012 7:24:03 AM PDT · by SeekAndFind · 3 replies
    Business Insider ^ | 10/04/2012 | Joe Weisenthal
    Now down to 65%. He lost about 8 points during last night's debate, and has lost a couple more today. He was around 80% a couple of days ago.
  • Dow Futures Up 60....Correlation Or Coincidence?

    10/04/2012 12:12:39 AM PDT · by waus · 7 replies
    Barchart ^ | 10-4-12 | barchart
    Is this because of Romney's performance in the debate or coincidence?
  • Hyperinflation Has Arrived In Iran

    10/03/2012 5:27:40 PM PDT · by dynachrome · 13 replies
    cato-at-liberty.org ^ | 10-3-12 | Steve H. Hanke
    Since the U.S. and E.U. first enacted sanctions against Iran, in 2010, the value of the Iranian rial (IRR) has plummeted, imposing untold misery on the Iranian people. When a currency collapses, you can be certain that other economic metrics are moving in a negative direction, too. Indeed, using new data from Iran’s foreign-exchange black market, I estimate that Iran’s monthly inflation rate has reached 69.6%. With a monthly inflation rate this high (over 50%), Iran is undoubtedly experiencing hyperinflation. When President Obama signed the Comprehensive Iran Sanctions, Accountability, and Divestment Act, in July 2010, the official Iranian rial-U.S. dollar...
  • SNL Mocks Obama: 'Frankly, I Might Be Long Dead' Before

    10/03/2012 5:00:07 PM PDT · by traumer · 8 replies
    businessinsider ^ | Sep. 28, 2012
    Saturday Night Live had fun at President Barack Obama's expense last night in another special Thursday installment leading up to the election, mocking the president for a message that the economy will get better — sometime in the not-specific future. Jay Pharoah, cast as Obama this season, was at a town-hall-style rally in Ohio, where he found it difficult to find a supporter who was "better off" under his economy — or who had a job at all. "I understand your frustration," Pharoah said to one woman who said she had been unable to find a job since 2009. "I...
  • Gun dealer: A day in the life

    10/03/2012 2:09:11 PM PDT · by Daffynition · 2 replies
    The Chronicle Herald ^ | October 2, 2012 | By DAN ARSENAULT
    Kyle Cater’s teacher said he was respectful and honest, but if you needed a ‘thing’ to deal with a beef, he was the man to call Kyle Cater was in gym class at J.L. Ilsley High School when the police came to arrest him on Jan. 15, 2009. Officers had first gone tohis father’s house that morning — and other sites — as part of Operation Intrude, a major sweep that targeted a Spryfield drug-dealing operation. They found guns and ammunition in his father’s house and that allowed them to apprehend the Grade 12 student, later described as polite and...
  • Why College Isn't a Bubble

    10/03/2012 12:11:20 PM PDT · by SeekAndFind · 25 replies
    The Atlantic ^ | 10/03/2012 | Jordan Weissmann
    College skeptics are whipping out the B-word. Many students are bulking up on loans and coming up empty on the job market while schools keep hiking tuition. Pretty soon, critics say, the bubble has to burst. My former colleague Megan McArdle lays out a thoughtful version of that argument in the most recent issue of Newsweek. She's correct that there are lots of people now who aren't benefiting much from their education. But in spite of the country's growing load of education debt and the rough job market for recent grads, most students who make it through with a diploma...
  • Residential Capital Going Bankrupt (Vanity)

    10/03/2012 7:10:27 AM PDT · by MacMattico · 11 replies
    Me
    I just received a letter from Residential Capital, parent company of my mortgage company (GMACMortgage) that says for several months they have been persueing Chapter 11 bankruptcy. This letter said they were informing motgagees in case they "had a claim" and then just went on with a bunch of spin how everything is fine. Smart FRiends, is everything fine? I don't have any mortgage issues so I don't see how it can really effect me, maybe I'm just naive. Is this just old news I was unaware of? Yes, I know there's been a mortgage crisis but is Residential Capital...
  • Which College's Alumni Earn the Most?

    10/03/2012 5:18:39 AM PDT · by SeekAndFind · 13 replies
    Live Science ^ | 10/03/2012 | Chad Brooks
    Princeton University grads capitalize on their diploma more than any other school's alumni, a new study finds. Research from PayScale.com revealed that Princeton alumni have the highest mid-career salaries at $137,000, with starting salaries averaging close to $57,000 a year. As a whole, the top 10 highest earning schools' graduates make an average of $122,500 at mid-career, up nearly 5 percent over last year's top 10, the study found. "Given that the economy isn't roaring back and student debt continues to spiral out of control, it is imperative that future college students educate themselves on the earnings they can expect...
  • How our cities might explode

    10/02/2012 4:46:54 PM PDT · by Kartographer · 129 replies
    Tactical Patriot ^ | 10/1/12 | Matt Bracken:
    In response to recent articles in mainstream military journals discussing the use of the U.S. Army to quell insurrections on American soil, I offer an alternate vision of the future. Instead of a small town in the South as the flash point, picture instead a score of U.S. cities in the thrall of riots greater than those experienced in Los Angeles in 1965 (Watts), multiple cities in 1968 (MLK assassination), and Los Angeles again in 1992 (Rodney King). New Yorkers can imagine the 1977 blackout looting or the 1991 Crown Heights disturbance. In fact, the proximate spark of the next...
  • Dave Says Graduate with No Debt

    10/02/2012 3:06:32 PM PDT · by Kaslin · 9 replies
    Townhall.com ^ | October 2 | Dave Ramsey
    Dear Dave, I’m in college with a full scholarship. I work part time and should be able to graduate with no debt. What can I do now to best utilize the money I make?TylerDear Tyler,You’re in a fantastic position right now. First, I think your main goal is to study hard and be 100 percent certain you’re graduating on time with no money issues. The next thing is to make sure you have plenty of cash on hand to make the transition to the real world. In a case like this, transition can mean anything from moving to a new...
  • Freep a Poll! (should 15% long term capital gains tax be raised?)

    10/02/2012 2:25:43 PM PDT · by dynachrome · 15 replies
    www.kiplinger.com ^ | Kiplinger newsletter
    Some budgeteers argue that the 15% tax rate on long-term capital gains should be raised as part of efforts to cut the federal deficit. Do you agree? Yes. This is the primary reason that income inequality has grown in the U.S. No. A low capital gains rate is the key to encouraging investment in our economy. Not sure
  • Why The 'Law School Bubble' Is Worse Than The Mortgage Crisis

    10/02/2012 1:45:59 PM PDT · by SeekAndFind · 28 replies
    Business Insider ^ | 09/13/2012 | Erin Fuchs
    Paul Campos acknowledges a certain "tension" between his dual roles as law professor and author of the blog "Inside the Law School Scam." "Of course I feel conflicted," Campos told Business Insider. "I should emphasize that when I started as a law professor [in 1990] it cost literally $3,000 to go to law school." My, how things have changed. Tuition at University of Colorado where Campos teaches has climbed to $32,000 a year. Costs have risen even higher at elite universities, while the job outlook for most law school grads remains bleak. Campos – whose book "Don't Go To Law...
  • Libertarian Ideology Blinds Republicans on Prop. 31

    10/02/2012 11:48:24 AM PDT · by WayneLusvardi · 4 replies
    Calwatchdog.com ^ | October 2, 2012 | Wayne Lusvardi
    When I recently spoke before an Orange County crowd of Republicans at a ballot forum as the “No on Proposition 31” speaker, I was not surprised to find opposition. One person offered the observation that it was all those “country club Republicans” that stood to benefit from the corporate welfare of Prop. 31 who were in favor of it. To the contrary, it is libertarian ideology that has blinded Republicans to what Prop. 31 really is all about.
  • Replace Romney With Whom, The Ghost Of Reagan?

    10/02/2012 10:10:13 AM PDT · by not romney · 67 replies
    RWWN ^ | 10/2/12 | John Alan
    Ok it all started when I harmlessly pointed out that Obama was up by two points in Rasmussen and five points in the Fox News poll. Then I get this twitter reply:
  • Trying to fill 6,000 jobs, Microsoft pitches $10,000 H-1B visa

    10/02/2012 7:20:23 AM PDT · by knittnmom · 51 replies
    Network World ^ | September 28, 2012 08:55 AM ET | Patrick Thibodeau
    WASHINGTON -- With the recession hit in 2008, Congress put the idea of a "skills shortage" and a need for more H-1B visas in a closet. That didn't mean, though, that interest in raising the H-1B cap went away for everyone. New York City Mayor Bloomberg, for instance, last year called the limits on both temporary and permanent employment-based immigration a "form of national suicide." Microsoft has long advocated for more work visas. But the company's advocacy was quieted during the recession as well, as it announced in 2009 a layoff of 5,000 workers. Circumstances at Microsoft have since changed...
  • Will Science Someday Rule Out the Possibility of God?

    10/01/2012 11:16:12 PM PDT · by Olog-hai · 158 replies
    Yahoo News/LiveScience.com ^ | Tue, Sep 18, 2012 | Natalie Wolchover
    Over the past few centuries, science can be said to have gradually chipped away at the traditional grounds for believing in God. Much of what once seemed mysterious—the existence of humanity, the life-bearing perfection of Earth, the workings of the universe—can now be explained by biology, astronomy, physics and other domains of science. Although cosmic mysteries remain, Sean Carroll, a theoretical cosmologist at the California Institute of Technology, says there's good reason to think science will ultimately arrive at a complete understanding of the universe that leaves no grounds for God whatsoever. … Another role for God is as a...
  • Thieves make off with $2 million from gold museum

    10/01/2012 9:15:11 PM PDT · by Daffynition · 21 replies
    Goldismoney2.com ^ | 01 Oct 2012 | staff reporter
    But they were unsuccessful in getting away with the biggest prize of all - the nearly 14lb Fricot Nugget - a giant crystalline gold mass unearthed in the Gold Rush era. During their attempt to grab the rock, the robbers triggered an alarm that alerted authorities who swarmed the museum but were unable to apprehend the thieves. At least two robbers wearing hoods and armed with pickaxes threatened workers during the heist Friday at the California Mining and Minerals Museum in Mariposa, the California Highway Patrol said.. The site is home to more than 13,000 artifacts. No suspects have been...
  • Recovery in Nevada

    10/01/2012 7:43:58 PM PDT · by BooBoo1000 · 55 replies
    Self | 10-02-12 | Self
    Recovery is in full force today. Nevada which leads the Nation in unemployed, started the week of with a bang. Round Table Pizza announced today they were closing all of their restaurants effective today 200 people laid off Defense contractor in Fallon lost contract today laid off 100 people, Tahoe, casino announced it was closing all of it's restaurants, laid off 200. How is this recovery working for you????