Economy Blog

$$$ Seth Tobias Death Involved No Crime, Prosecutors Say [Bloomberg]

$$$ HOMG [WSJ]

$$$ HIV [WallStrip]

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(February 11, 2008 03:43 PM, by Bryan Caplan) If you haven’t read The Nurture Assumption by Judith Harris, you simply must. Years later, this paragraph is still with……
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Government announces new shared equity scheme to address affordability issues.…
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While government announces new shared equity scheme to address affordability issues.…
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Emptying my burgeoning browser tabs: Trimtabs says Goldman Sachs makes minority investment in co. (MarketWatch) Planalytics’ year-end 2007 weather & business review (Planalytics) W…
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Late last week, Gaiam Inc (GAIA), the everything "green" retailer announced plans to spinoff its Real Goods Solar unit (to trade under RSOL on the Nasdaq) which installs residential solar energy systems in California, which claims 2/3 or the residential solar market.  If you're a big believer in the green movement like I am [...]
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addslashes(Top 10 Most Searched Stocks on TheStreet.com, February 11

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Vahan Janjigian wonders about the new inclusions in the Dow industrials. “Bank of America’s inclusion increases the Dow’s weighting in financials,” he writes. “The Dow also includes JPMorgan Chase, Citigroup, American International Group, and American Express. Is this the committee’s way of signaling a bottom in this beaten up sector?”
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When GM (NYSE: GM) posts earnings it will be the first look at what the company’s expense run rate will be as it moves into 2008. There may be one-time charges for employee buyouts and other restructuring charges, but the firm will at least show how it is scaled for operating expenses over the next four quarters. The estimates from First Call for the US auto giant are -$0.55 EPS on $44.38 billion in revenues. Next quarter estimates are -$0.27 EPS on $41.99 billion in revenues. Estimates for fiscal 2008 are $1.26 EPS on $177.65 billion in revenues. Management will…
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Casting another cloud over the economic outlook Down Under.…
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Meanwhile, onshore and offshore trading of the baht continues to converge.…
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Casting another cloud over the economic outlook Down Under.…
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Meanwhile, onshore and offshore trading of the baht continues to converge.…
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Tomio Geron reports:
Entrepreneurs might learn a lot from watching “American Idol.”
At an Elevator Pitch Roundtable put on by VC Taskforce recently in Palo Alto, about a dozen entrepreneurs got 90 seconds to pitch their idea to a panel of top Silicon Valley venture capitalists. They were asked to perform much like they would on the Fox television show: Get to the point, show stage presence, and know your material cold. And please, don’t ham it up or try to score brownie points.
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Research-in-Motion (NASDAQ: RIMM) is reporting a critical outage for its Blackberry users this afternoon. Some outages in the past have affected some users, while others were system-wide. This outage is system-wide for enterprise clients (large companies, government agencies, and the like) and for all network users in the Americas. RIMM shares closed up over 5% at $94.47 today, although shares are down almost 1.5% at $93.17 in after-hours trading. It sure looks like Steve Jobs just got a new opportunity to talk about the benefits of the iPhone, although we would caution that outages in the past have not created…
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addslashes(The Real Story Wrap, February 11

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Microsoft isn’t the sort of company that takes "no" lying down (or yes for that matter — or even lies down, come to think of it). And so it should be zero surprise that the company is back, as I predicted earlier today, with a news release explaining to Yahoo the error of its non-offer-accepting ways. It is unfortunate that Yahoo! has not embraced our full and fair proposal to combine our companies. Based on conversations with stakeholders of both companies, we are confident that moving forward promptly to consummate a transaction is in the best interests of all parties. …
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What does Yahoo’s Jerry Yang have against capitalization? His email letter to fellow Yahoo employees reads like it was written by e.e. cummings on a blackberry. as you’ll see from the news release we issued today, our board of directors has reviewed microsoft’s unsolicited proposal with yahoo!’s management, financial and legal advisors. after a careful evaluation, the board has unanimously concluded that the proposal is not in the best interests of yahoo! and our stockholders. of course, the board of directors is continuously evaluating all of its strategic options in the context of the rapidly evolving industry environment and we remain committed to pursuing initiatives that maximize value for stockholders …
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Chavez’s Oil Threat a Big Barrel of Nothing

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Today we thought we’d give you something extra special to start the week—namely a new job. We usually do this at the end of the week but why not deliver a bonus job offering as a way of getting over those Monday blues. So we spent part of the afternoon combing through our Career Center in search of the most interesting jobs. There are dozens to choose from, all categorized according to specialization. But one special one has been selected as our Job of The Week….
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