The good times are coming back, sort of. Although employment remains far
below its late 90s peak in Silicon Valley, and through the miracle of
modern-day offshore outsourcing appears not to be fully recovering soon, the
technology industry as a whole is doing much better than it did during the
catastrophic first years of the new millenium. Interest rates remain low,
providing relatively easy cash for those brave enough to borrow it.
The vast amounts of technology developed adn deployed in the late 90s, in
preperation for a Y2K crisis that didn't come (either because it was never a
threat or because everyone prepared for it very well), is now at or past the
end of its normal replacement/update cycle. And innovation marches on, with
things such as web services, wireless techniques, open-source development,
and the dawn of the age of ubiquitous computing continuing to th... (more)
According to a summary report by Doug Anderson, SVP, Research & Development,
The Nielsen Company, growth will be hard to come by in the coming decade and
there are "Five Key Trends Other Than Aging" at work which will make growth
extremely difficult. DBJ Associates provides questions wealth advisors may
want to ask of themselves in order to benefit from these trends, along with
the answer to: "What'd they miss?"
Growth is found in less-developed world.
By 2030, world population will have grown by around 20%. Only 3.2% of this
growth will come from the more developed world.
In th... (more)
Google recently launched Google Finance Beta for users to search for and
find financial information about public and private companies, as well as
mutual funds. It is poised to take on Yahoo! Finance, and other financial
The Google Finance experience is enhanced via AJAX, and some of the
• Interactive Charts – Google Finance takes financial charts one
step further by mapping market data with corresponding news stories in one
interactive chart, so users can track news to stock performance. Rich charts.
Drag and drop, move around, external li... (more)
Reports are flying around the Internet about people using their VISA debit
cards and seeing errors on their billing statements for charges of
$23,148,855,308,184,500. That’s 23 QUADRILLION dollars. For
68,690,965 Airbus A380s 3,858,142 Large Hadron Colliders 13,616,973 Space
Shuttles 154,325 Space Shuttle Programs 1,622 times the United States 2008
Of course, the additional $15 overdraft fee looks puny in comparison.
That’s a pretty serious software bug and one that will cost VISA a lot of
time and credibility to fix. They’ve already indicated that the... (more)
I am not sure the origination of this quote, but it certainly is timely:
"Hard work: All hard work brings profit; but mere talk leads only to poverty.
Earnings: Never depend on a single source of income.
Spending: If you buy things you don’t need, you’ll soon sell things you
Savings: Don’t save what is left after spending; Spend what is left after
Borrowings: The borrower becomes the lender’s slave.
Accounting: It’s no use carrying an umbrella, if your shoes are leaking.
Auditing: Beware of little expenses; a small leak can sink a large ship.
Risk-taking: Never test the dept... (more)
New Media on Ulitzer
Topic A at the recent Securities Industry and Financial Markets Association
Annual Meeting (SIFMA) was what to do about the fastest-growing
communications phenomenon since the invention of the Internet: the explosion
in social networking.
Whenever compliance and communications come together there is sure to be a
tussle and this meeting was no different. Chairman and CEO Rick Ketchum cited
the current policy as “currently constructed, these sites would not permit
you to easily supervise these communications. For that reason, most firms
prohibit their employe... (more)