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"We are confident that Bob was not in possession of any price-sensitive information at the time the sale was approved."
Really? You expect anybody to believe that? Isn't an executives job to manage the performance of his/her organisation.
In a retail organisation you would think, that is pretty well driven by profit/revenue - if you don't know those figures that would probably make you a bad executive?
In other news: REVEALED: HOW TESCO’S DIRTY TRICKS CON THE SHOPPER INTO PAYING MORE
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French pension liabilities 303.81% of GDP, German pension liabilities 281% of GDP vs UKs 90.92%. French + German liabilities total nearly half of all pension liabilities across the 19 EU states.
And the Euro is going to stick around for the rest of the year, I think not. Its debt on-top of debt on-top of debt - it might as well be swiss cheese. Infact futures in cheeseare probably a safer bet than Euro futures.
From the horses mouth.
‘By contrast, State-funded pension obligations in France and Germany are three times the gdp of those two countries. Together they total 13.9 trillion euros, VERY NEARLY HALF of the pension bills of the 19 nation States studied by Freiburg’s authors, Christoph Mueller, Bernd Raffelhueschen and Olaf Weddige. - http://www.vwl.uni-freiburg.de/fakultaet/fiwiI/publikationen/229.pdf
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The Motion Picture Association of America doesn't like us. According to the MPAA blog on Tuesday, "Arts Technica" is a "tech blog with a long history of challenging efforts to curb content theft."
via MPAA attacks Ars for "challenging efforts to curb content theft".
They couldn't even get the name right.
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News Corp.’s The Daily, a tablet-only daily newspaper app launched on the iPad a year ago, is on its way to Android. But it’s not coming to all Android tablets right away.
via 'iPad-Only' Newspaper The Daily Will Soon Deliver to Android | Epicenter | Wired.com.
I can't believe there are enough people paying to make it a viable business. The app was as poor as the content last time I could access it for free.
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When Verizon balked at upgrading the NYSE’s telecom network sufficiently, the exchange resolved to create its own. After Labor Day 2002, the Securities Industry Automation Corporation announced it would provide a new telecom network for NYSE members called the Secure Financial Transaction Infrastructure - - a fiber-optic cable ringing Manhattan that NYSE members would hook into directly, eliminating their dependence on Verizon.
via Dead Phones Sent Wall Street Message (Part 2): Bratton and Tumin - Bloomberg.
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If you were in any doubt as to how bad the Euro 'thing' is, this article from Bloomberg should hopefully make it a little clearer.
I would wager that this game of Hedge funds buying CDO's in Greece will replay in Italy, Spain and France.
If you have a system that works why change it.
Some hedge funds won’t accept a plan to cut Greek debt as they are betting that the country will default, Handelsblatt reported, without saying where it got the information.Hedge funds have bought Greek bonds as well as bad-debt insurance in the form of credit default swaps and therefore have no interest in the country’s rescue, the German newspaper said.
via Hedge Funds Are Betting on Greek Default, Handelsblatt Reports - Bloomberg.
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“The only useful airport security measures since 9/11,” he says, “were locking and reinforcing the cockpit doors, so terrorists can’t break in, positive baggage matching”—ensuring that people can’t put luggage on planes, and then not board them —“and teaching the passengers to fight back. The rest is security theater.”
via Does Airport Security Really Make Us Safer? | Culture | Vanity Fair.
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On the other hand, watch this video. Even in Mozilla’s own demo — which presumably puts Firefox for Android in its best light —doesn’t the whole thing look a bit herky-jerky, in terms of touch responsiveness and scrolling smoothness?
via Daring Fireball Linked List: New Release of Firefox for Android, Optimized for Tablets.
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Indebted governments have been pressuring banks to buy more debt, not less. As banks have been increasing capital, they have loaded up even more on “risk-free” sovereign debt, which they can use as collateral for ECB loans. The big ECB “liquidity operation” that took place yesterday will give banks hundreds of billions of euros to increase their sovereign bets. Bank depositors and creditors have figured this out, and are running for the exits.By stuffing the banks with sovereign debt, European politicians and regulators are making the inevitable default much more financially dangerous. So much for the faith that regulation will keep banks safe.
via How Bad Ideas Worsen Europe’s Debt Meltdown: John H. Cochrane - Bloomberg.
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"Some men see things as they are and say why - I dream things that never were and say why not."
George Bernard Shaw
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I’m not quite sure if anyone else is keeping a running score on all this, but by my calculation, what was going to be a leveraged 440bn euro EFSF turning into 1.3 trillion via Spiv investments, plus an additional 2o0 billion from the IMF (a grand total of 1.5trillion euros) now looks more like 600 billion….falling short by a mere 60%. Or, as a French credit manager put it this afternoon, “Nowhere near enough”.
So in brief, the heads-up is this: thanks to half-bankrupting itself to buy junk bonds, the ECB doesn’t have enough for proper bank bailouts; all the banks that most need buffers have the smallest ones; and the EU itself has just two euros out of each five required to stop multiple defaults.
via EU CRISIS: The simple problem is, there’s nowhere near enough money. | The Slog.
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That said, retailers are asking customers to boycott Amazon as the new price-check app threatens their holiday sales.
via Brick-And-Mortar Retailers Want You To Boycott Amazon | TechCrunch.
Missing the point, if you can't sell something when you have a person in your store, Your doing it wrong - focus on customer service. Or make bundles that aren't available on Amazon, enhance your USP.
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The solution, as posted by Stack Overflow user Heike, makes a mockery of our poorly-outfitted visual cortex. Using Mathematica, a mathematics-oriented programming environment developed by Wolfram of Wolfram Alpha fame, Heike uses five lines of code to: 1 Filter out all non-red pixels, 2 Search what’s left for a striped pattern, and finally 3 Draw a circle around pixels that have a sufficiently high correlation. Voila, There’s Waldo.
via Computer scientists answer the ultimate question: Where’s Waldo? | ExtremeTech.