News Links: “Little Startups Are Ridiculously OverFunded”

It’s gotten so bad that, says Parker, "Now institutionally-backed venture funds are backing other venture funds in order to stay close to the dealflow." (Hmm, sounds familiar). "And it will end very badly," pipes in VC Jim Breyer, who is also onstage with Parker.

China’s economy has a reputation for being strong and prosperous, but according to a well-known Chinese television personality the country’s Gross Domestic Product is going in reverse.

However, in all this there is a far more sinister problem than just having a lot of versions out there in the field. Android is a mix of stuff that is open, and stuff that Google retains ownership of in order to keep some control over the platform. When Amazon recently announced the Kindle Fire it didn’t mention Google or Android. That’s because this isn’t an "Android compatible" device. Importantly it’s missing a link back into the Google-managed Android back-end services infrastructure, which Android device makers achieve by licensing the Google Android Market app. (This FAQ has more information on this.) You will be able to download apps for Fire from Amazon’s own Amazon Appstore for Android, but because this Amazon Appstore will not link into Google’s back-end services, this will limit the features available to the developer and this is the real fragmentation issue.

The cost to insure eurozone debt against default soared to record highs for most of the leading economies amid growing fears over the single currency. The jump in credit default swap prices on Tuesday came as the extra cost to swap euros for dollars jumped to highs last seen in December 2008 when many markets had seized up in the wake of the collapse of Lehman Brothers.

Net als in de VS zijn er in Nederland veel hypotheken verstrekt aan mensen die dat eigenlijk niet konden dragen. Dat gaat voor grote problemen zorgen. Dat zegt Tonko Gast, directeur van DynamicCredit na zijn verhoord voor de Commissie de Wit tegen Het Financieele Dagblad. Volgens hem dreigen de komende jaren honderdduizenden gezinen in problemen te rakeen als hun huidige, gunstige, hypotheekrente afloopt en ze daarbij te maken krijgen met de gevolgen van allerlei bezuinigingen.

El tipo de cambio con el euro fijado para el dracma impulsó la demanda – La economía griega perdió competitividad desde que entró en la moneda única

Spätestens seit der Panne von S&P bei der Herabstufung Frankreichs will Brüssel die Ratingagenturen scharf regulieren. Durch Konkurrenz und Transparenz.

Debt crisis intensifies as the Netherlands and France come under pressure from rising cost of borrowing

I just received this. Seems money managers with fiduciary responsibility are holding off on buying any euro member securities since the 50% Greek haircuts were announced.

Republican presidential candidate Newt Gingrich said during a Nov. 9 debate that he earned a $300,000 fee to advise Freddie Mac as a "historian" who warned that the mortgage company’s business model was "insane." Former Freddie Mac officials familiar with the consulting work Gingrich was hired to perform for the company in 2006 tell a different story.