By Business Insider on September 5th 2010
The latest view from Nouriel Roubini is that there’s a whopping 40% chance of the U.S. economy double-dipping into recession due to the fact that the government is now helpless to defend against any unexpected economic shock which may occur.
Telegraph:
“We have reached stall speed. Any shock at this point can tip you back into . . . → Read More: Roubini: The Economy Is So Weak Now That Any Shock Will Cause A Double-Dip
By Business Insider on September 5th 2010
Some have been warning that September is usually a horrible month for the market, since September tends to deliver bad performance historically.
This year however, plunging sentiment in August could mean that September can’t get much worse, says Michael Santoli at Barron’s:
Barron’s:
September is, back through the ages, the only month that has averaged a negative return. . . . → Read More: It Looks Like The Horrible Trading Month Of September Already Came In August This Year
By Business Insider on September 5th 2010
Unlike Apple CEO Steve Jobs, Facebook CEO Mark Zuckerberg has a public profile on Ping, the iTunes social network.
Zuckerberg likely wanted to see what the new social network on the block had to offer. The second person to leave a comment on Zuckerberg’s page told him all he needs to know: “nothing to worry about here… . . . → Read More: The Ping Problems: Is Apple To Blame, Or The Music Labels? (AAPL)
By Business Insider on September 5th 2010
Some cities in California are so bloated in debt and other problems they are considering dissolution. Mercury News asks is this The End of Half Moon Bay?
Between budget losses and lawsuit payments, Half Moon Bay’s financials have become so dire that if a local sales tax measure doesn’t pass this November, officials say . . . → Read More: The Latest Scheme In California: Dissolving Cities
By Business Insider on September 5th 2010
Even when times are tough, not everyone is exactly living up to the vigorous, enterprising stereotype of rugged American individualism.
Put more bluntly, some people are just lazy. They watch too much TV; they don’t exercise; they let themselves slip from being overweight to obese. Surely, that’s not going to help us get . . . → Read More: The 25 Laziest Cities In America
By Business Insider on September 5th 2010
Click here to see this week’s charts as a slideshow →
Or select individually:
Surprise! UberTwitter Is The Most Popular Twitter Client
The Death Of AOL Instant Messenger
The Rise And Fall Of Apple’s iPod
1 In 5 YouTube Users Uploads A Video Each Month
Watch Out Cable Companies! Live Streaming Popularity Up 600% For The Year
Click here to see this . . . → Read More: CHARTS OF THE WEEK: The Rise And Fall Of Apple’s iPod (AAPL)
By Business Insider on September 5th 2010
After 25 years of rescuing distressed companies, certified turnaround professional Renee Fellman has seen it all. Companies with no business plan. Owners buying fancy cars in spite of crumbling cash flows. CEOs so focused on the top line that they couldn’t see how badly runaway costs were hurting the bottom line.
Seeking to learn from the mistakes . . . → Read More: 5 Signs Your Company Is In Distress
By Business Insider on September 5th 2010
The latest mobile-web-browsing numbers from Quantcast show that Android continues to grab mobile share from the iPhone and RIM.
Importantly, these numbers don’t include the iPad, which may be helping Apple maintain more share than this chart suggests.
These numbers also don’t include app usage.
But the trend is clear: It’s a two horse race, and Android is rapidly . . . → Read More: Android Share Of Mobile Web Use Soaring, iPhone Falling
By Business Insider on September 5th 2010
As expected, the former CEO of HP, Mark Hurd, is now in talks with Oracle about joining the company, Ben Worthen and others at the Wall Street Journal report.
Mark was sacked from HP last month after HP party schmoozer Jodie Fisher sued him for sexual harassment.
Mark’s friend and tennis opponent Larry Ellison immediately rushed to his . . . → Read More: Ex-HP CEO Mark Hurd In Talks With Oracle, Where You Can Sleep With Whoever You Want
By Business Insider on September 4th 2010
Reports of potentially corrupt loans from Afghanistan’s largest bank to political insiders, undermining confidence in the banks strength, caused a bank run during the week.
Depositors withdrew $180 million on Wednesday and Thursday according to the Wall Street Journal, and even Saturday the run continued.
WSJ:
Afghans continued pulling money from their country’s largest bank Saturday, despite assurances . . . → Read More: Afghanistan’s Massive Bank Run Is Getting Worse
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