Modernomics* – Daily Writings on Technology
a site by Erik T. Kaiser, Design Technologist
Citigroup has reported its first quarterly net profit in nearly two years, the latest US bank to see an improvement in its performance. It made a profit of $1.6bn (£1.1bn) compared with a loss of $5.1bn a year earlier. Revenues rose 99% to $24.8bn. However, once dividend payments to preferred shareholders were taken into account, [...]
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“Clients’ needs are clear: save money, preserve capital and reduce costs,” Chief Executive Officer Sam Palmisano said in a speech to the company’s business partners. “With your partnership, we help them do that … You are critical to IBM’s success.” [Via Reuters]
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Talking tough but stepping gently, the Obama administration rejected direct intervention in corporate pay decisions Wednesday even as officials argued that excessive compensation in the private sector contributed to the nation’s financial crisis. [Via NPR]
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Talking tough but stepping gently, the Obama administration rejected direct intervention in corporate pay decisions Wednesday even as officials argued that excessive compensation in the private sector contributed to the nation’s financial crisis. [Via NPR]
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“Proper diversification leads to the removal of unsystematic risk from a portfolio of securities. Only systematic (market) risk matters to a firm with a diversified portfolio.” Professor Steve Buell, Summer Lecture on Risk and Uncertainty Lehigh University
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BEIJING — China has issued a sweeping directive requiring all personal computers sold in the country to include sophisticated software that can filter out pornography and other “unhealthy information” from the Internet. Called “Green Dam” — green being a foil to the yellow smut of pornography — the software is designed to filter out sexually [...]
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