Mattonomy

Finance, Technology and everything in between

Flower

Archive for the ‘Uncategorized’ Category

EU saves the day?


Warning: Illegal string offset 'wordbooker_like_button_post' in /home/cybermat/public_html/blog/wp-content/plugins/wordbooker/wordbooker.php on line 2211

Warning: Illegal string offset 'wordbooker_like_button_page' in /home/cybermat/public_html/blog/wp-content/plugins/wordbooker/wordbooker.php on line 2212

Warning: Illegal string offset 'wordbooker_like_button_post' in /home/cybermat/public_html/blog/wp-content/plugins/wordbooker/wordbooker.php on line 2138

Warning: Illegal string offset 'wordbooker_like_button_page' in /home/cybermat/public_html/blog/wp-content/plugins/wordbooker/wordbooker.php on line 2139

European Union and IMF will inject approximately $1 Trillion into the system to protect the integrity of EURO and to prevent the debt crisis from spreading. Yes, it’s $1 Triiiiillllllliiiioooon……. According to  National Post, if you place a trillion one-dollar bills end-to-end, the bills could stretch from  Earth to the Sun.  That’s an extraordinary amount of money which begs the question where on Earth are they  going to find that kind of money?  Oh yeah, stupid me, they can just keep printing money and exchanging IOWEU between countries. Beside, $1  trillion is only 8% of US national debt which is chump change in the grand  scheme of things. This whole thing about printing money to solve debt issues around the world is just mind boggling, but apparently no body gives a shit.

What’s more mind boggling is the action in the stock market in the past week or so.  It’s like a roller coaster ride.  The fat finger that triggered the selloff on Thursday probably pushed the buy button today to save face. Did you guys also know that GS have zero trading loss days in the last quarter?  That’s 63 trading days of no losses.  That’s unbelievable performance.  Either they got very lucky or they are controlling the market.  We  are definitely living in strange times my friend.

The case of the lost iPhone


Warning: Illegal string offset 'wordbooker_like_button_post' in /home/cybermat/public_html/blog/wp-content/plugins/wordbooker/wordbooker.php on line 2211

Warning: Illegal string offset 'wordbooker_like_button_page' in /home/cybermat/public_html/blog/wp-content/plugins/wordbooker/wordbooker.php on line 2212

Warning: Illegal string offset 'wordbooker_like_button_post' in /home/cybermat/public_html/blog/wp-content/plugins/wordbooker/wordbooker.php on line 2138

Warning: Illegal string offset 'wordbooker_like_button_page' in /home/cybermat/public_html/blog/wp-content/plugins/wordbooker/wordbooker.php on line 2139

Gizmodo has generated a lot of press the last few days for getting their hands on an unreleased iPhone, which Gizmodo paid a fair amount for. Apparently the iPhone was left behind by an Apple engineer at a bar and was found by another customer. Gizmodo has an exclusive article and pictures of the phone on their website. You can read all about it there.

What I really want to talk about is not the phone, but the follow up article that Gizmodo wrote about the Apple employee who lost the phone. It’s one thing to post pictures and specifications of the phone. It’s another thing to disclose the name, the photo and the FB status of the engineer who actually lost the phone. I think they have gone too far. Secrecy has always been Apple’s corporate culture and the company is known for setting up employees with fake prototypes or telling them false information so that the company can trace leakers within the organization if the information ever gets out in the wild. The poor engineer is probably under a lot of scrutiny already. He does not need the additional stress from the media. I think Gizmodo have gone too far this time. They are trying to milk as much as possible from their investment. I strongly condemn their action.

Rumours are already circulating on the Internet whether this is a publicity stunt by Apple since the customer who found the phone, did try to contact Apple to return the phone, but Apple did not seem too concern. Apple did however managed to remote wipe the phone to disable any new functionalities that have not been shown in the iPhone OS 4.0 keynote. It would be interesting to see how Steve Jobs would reveal the new iPhone if this is indeed the final prototype of the next generation iPhone.

You are currently browsing the archives for the Uncategorized category.