"We risk becoming the best informed society that has ever died of ignorance"
- Rubén Blades
"You can't make up anything anymore. The world itself is a satire. All you're doing is recording it"
- Art Buchwald
"It's getting exciting now, two and one-half. Think of everything we've accomplished, man. Out these windows, we will view the collapse of financial history. One step closer to economic equilibrium"
- Tyler Durden
"It is your corrupt we claim. It is your evil that will be sought by us. With every breath, we shall hunt them down."
- Boondock Saints
Saturday, August 20, 2011
Friday, August 19, 2011
Thursday, August 18, 2011
The Out-of-Control Explosion of Equity Quote Rates Peak One-Second Equity Quote Rates for each minute from 2007 through Aug 16, 2011
Wednesday, August 17, 2011
Tuesday, August 16, 2011
Monday, August 15, 2011
In today's most underreported news of the day, which could potentially have the biggest impact on the future of America, none other than America's CEOs, or at least one of them: Starbucks' Howard Schultz, has mass blasted an email to fellow CEOs asking for a consensual boycott on donating to political campaigns in order to encourage the nation's muppets, elsewhere idiotically called "leaders", to solve America's budget and debt impasse. Bloomberg quotes from the CEO's e-mail to business leaders:"I am asking that all of us forego political contributions until the Congress and the President return to Washington and deliver a fiscally disciplined long-term debt and deficit plan to the American people." Cue panic, terror, homicidal and suicidal screeching, and overall sheer existential angst in D.C., whose critters suddenly face the nightmare scenario of having no corporate bribes, period, until they get to do their job.
So Apple is America's most valuable company. They are, like everyone else, betting the company on the cloud. You may be familiar with the cloud, as it's where all your valuable stuff is. The stuff that you may lose access to at any moment. The most valuable companies have your valuable data in the cloud. We may think the cloud is decentralized, but it's not. It's totally centralized. All the valuable data is now in one place with one password that's connected to your one bank account. We've centralized and simplified fraud and the public pays for it.
The impending retirement of the baby-boom cohort represents the first time in the history of the US that such a large and well-educated group of workers will exit the labour force. Despite the gloomy outlook of recent research, this column suggests there is little likelihood of large-scale skill shortages emerging by the end of this decade.
Ageing workforces pose challenges to governments around the world. While fiscal issues surrounding pension and social security have been very much in the news, a less well-known issue concerns skills.