Modernomics* – Daily Writings on Technology
a site by Erik T. Kaiser, Design Technologist
Nakheel PJSC’s possible non-payment of its Islamic bond due tomorrow will trigger defaults on two other securities, bringing the total of affected securities to $5.25 billion, bond documents show. [Bloomberg] U.S. Commerce Secretary Touts Climate Change Policies – Commerce Secretary Gary Locke tells delegates at the United Nations Climate Change Conference in Copenhagen that nations must [...]
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Nakheel PJSC’s possible non-payment of its Islamic bond due tomorrow will trigger defaults on two other securities, bringing the total of affected securities to $5.25 billion, bond documents show. [Bloomberg] U.S. Commerce Secretary Touts Climate Change Policies – Commerce Secretary Gary Locke tells delegates at the United Nations Climate Change Conference in Copenhagen that nations must [...]
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Job Drought in U.S. May Be Near End as Temporary Help, Working Hours Surge — The worst U.S. employment slump in the post-World War II era may be about to end as companies hasten to hire temporary workers and boost hours, according to economists such as John Ryding and Zach Pandl. [Bloomberg] G.E. Makes It [...]
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I.B.M. Joins Pursuit of $1,000 Personal Genome: One of the oldest names in computing is joining the race to sequence the genome for $1,000. On Tuesday, I.B.M. plans to give technical details of its effort to reach and surpass that goal, ultimately bringing the cost to as low as $100, making a personal genome cheaper [...]
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It’s not just family and friends that Americans are turning to for advice and support to cope with the prolonged recession; many have found a counselor in the Internet. More than two-thirds of American adults — or 88 percent of U.S. Internet users — went online for help with recession-induced personal economic issues and to [...]
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A California company alleged that an Internet-filtering program being pushed by the Chinese government contains stolen portions of the company’s software. The company, Solid Oak Software Inc., said it will try to stop PC makers from shipping computers with the software. Solid Oak said Friday that it found pieces of its CyberSitter filtering software in [...]
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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 recession has led to steep job losses across the U.S. work force, but less-educated people have been hit particularly hard. The unemployment rate for workers over 25 years old who haven’t gone beyond high school rose to 10% in May, nearly doubling from 5.2% a year earlier, the government said Friday. Among workers who [...]
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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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