Modernomics* – Daily Writings on Technology
a site by Erik T. Kaiser, Design Technologist
Dow turns positive for ’09 – Wall Street ends a mixed week little changed, but investors manage to push the blue-chip average into the plus column for the year. [Via CNN Money] Europe Lags as U.S. Economy Shows Signs of Recovery — There was more evidence Thursday that the United States economy might be stabilizing, [...]
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“The Storm Is Not Over, Not By A Long Shot” An oped this week in The New York Times, talks about the economic situation, and asks a couple of really intriguing questions. The writers, one a broker, the other a retired Wall Street banker, question the simplified PR campaign of the current Administration that hinges [...]
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In today’s recession-racked economy, penny-pinching is a national pastime. But people are still opening their wallets for smartphones. Sales of BlackBerrys, iPhones and other smartphone models are rising smartly and are projected to increase 25 percent this year, according to Gartner, a research business. Widely anticipated new models like the Palm Pre, which went on [...]
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“We experienced in the last three months one of the nicest rallies in Wall Street history, and now we’re seeing the reasons why,” said Robert Lutts, president of Cabot Money Management in Salem, Massachusetts. “Texas Instruments and others are bumping up guidance nicely, and many companies that reported very negative consumer reactions are pulling that [...]
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