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Current Affairs

This category contains 107 posts

Disappointed with Obama’s BIG SPEECH on economy

I am still going to vote for him but this speech left me disappointed.  He is way too smart to spend so much time on giving historical perspective as well as beating  favorite horse (credit crisis) to death. The way things are moving, by the time he comes to Oval office, credit crisis will [...]

Who knows why Google is worried about Microsoft/Yahoo transaction?

Big companies are complex beasts. Their business motivations are usually hidden. In the case of Microsoft’s hostile takeover bid for Yahoo, motivations are harder to understand. Microsoft and Google both have a history of not answering (and not listening) to stock market reactions. These two companies can plan long term. Microsoft move has to be [...]

Goldman Sachs analyst’s dire prediction for California housing

What James Fotheringham knows which other folks don’t know?
In a recent research note, analysts at Goldman Sachs said they believed these loans pushed California home prices to levels 35% to 40% higher than justified by other fundamentals. “We expect home prices to return to normalized levels,” wrote James Fotheringham and his colleagues at Goldman.
[...]

Google’s way of defining news, comment and editorial

I love Google news and I think it serves a great purpose by aggregating all the relevant news stories. Mainstream media can thank Google for building this tool as it helps them in many ways. Though the way it’s evolving is bit worrisome. Check this news:

Here is how Google explains the difference between a news [...]

Two cows and bunch of CDOs

We all know that in Wall street these days some very rich people are becoming somewhat less rich due to some technical corrections. I tried explaining to my wife how the whole process is unraveling but I failed when it came to details.
Thankfully we have smart folks like Roubini to convert all that CNBC-breathlessness [...]

Google News adds perspectives from news actors

When your neighbor’s marriage is in trouble. One thing you don’t do is to make a publishing career out of that episode.
Google News is exactly  doing that by allowing news actors to chime in with their comments NOT ON THEIR original news site but on Google website. Why not just give them blogspot account [...]

Jerry Yang: Yahoo will open up further

Jerry Yang, the geek CEO, is giving all the hints that Yahoo will open up to drive next generation of innovation. Will this will mean more APIs around their product line or more disruptive Facebook style live-in-my-house kind of open-ness? Next 100 days will tell as per Jerry:

While we’re one of the biggest services [...]

Google sicko with greed?

Looks like Lauren Turner succeeded in making Google do a good catch up with Microsoft. At least on the evil-scale. It doesn’t take a Google-Phd to analyze that the cost of advertising rebuttal is still a cost and companies will eventually pass this cost to end consumers.
If “advertising is a very democratic and effective [...]

So much breathlessness for Yahoo announcement

So Terry Semel stepped down and rightly so. Business of media is now a business of technology so it makes strong sense to have technology guru at the top.
Jerry Yang has stepped in to fill in Semel’s place. To me this is a great news as Yahoo will now have geek at the top and [...]

Zombie attack in San Francisco

Only in Kalifornia:

(pic courtesy laughing squid)
Something along the lines of Critical Mass. Sounds fun.