News Links: ECB’s Draghi Says Debt-Crisis Strategy Is Working
- Draghi Says Debt-Crisis Strategy Is Working as ECB Postpones ‘Armageddon’ – Bloomberg
The ECB’s massive injection of cash into the financial system last month is beginning to lubricate seized credit markets and there are "tentative signs" of economic stabilization in the euro area, Draghi said in Frankfurt yesterday. While "substantial downside risks" remain, he pointed to falling yields on Italian and Spanish debt this week.
- Talk of new bailout is not ludicrous – Analysis, Opinion – Independent.ie
The Government may be unwilling to admit it but such speculation is consistent with the facts, writes Colm McCarthy
- Google Just Made Bing the Best Search Engine – Gizmodo
Google changed the way search works this week. It deeply integrated Google+ into search results. It’s ostensibly meant to deliver more personalized results. But it pulls those personalized results largely from Google services-Google+, Picasa, YouTube. Search for a restaurant, and instead of its Yelp page, the top result might be someone you know discussing it on Google Plus. Over at SearchEngineland, Danny Sullivan has compiled a series of damning examples of the ways Google’s new interface promotes Plus over relevancy. Long story short: It’s a huge step backwards.
- Apple Loses Ruling in Motorola Patent Suit – WSJ.com
Motorola Mobility Holdings Inc. welcomed a ruling from the U.S. International Trade Commission that denied patent-infringement allegations raised by Apple Inc. Apple had asked the commission to block imports of Motorola phones such as the Droid and Droid X that run Google Inc.’s Android software, claiming they infringed on its patents.
- AppleInsider | Former Apple CEO John Sculley says he never fired co-founder Steve Jobs
Former Apple Chief Executive John Sculley has said in recent interviews that the late Steve Jobs was never fired from the company he helped found, an assertion that runs counter to Jobs’ own public claims on the matter.
- España cierra el año con la inflación por debajo de la media europea – CincoDías.com
La inflación española se colocó el pasado diciembre por debajo de la media europea por segundo mes consecutivo. En términos armonizados, el IPC cerró 2011 en el 2,4%, lo que supone un nivel de precios un 0,4% inferior al de la zona euro, según datos del Instituto Nacional de Estadística (INE).
- 2011 cerró con 5,4 millones de parados – CincoDías.com
El presidente del Gobierno Mariano Rajoy ha adelantado el dato en la convención que el PP andaluz celebra en Málaga. Califica la cifra de "astronómica" y supone un "gran reto" para su mandato.
- OK, MG, I Take It Back | TechCrunch
OS fragmentation is the single greatest problem Android faces, and it’s only going to get worse. Android’s massive success over the last year mean that there are now tens if not hundreds of millions of users whose handset manufacturers and carriers may or may not allow them to upgrade their OS someday; and the larger that number grows, the more loath app developers will become to turn their back on them.
- Facebook Finds Quieter Ways to Complain About Google’s Search+ – Liz Gannes – Social – AllThingsD
Facebook employees criticized Google’s moves in public status updates. Several prominent Facebookers shared and endorsed a Gizmodo article by Mat Honan about switching his default search engine to Bing after "Google broke itself."
- Obama Opposes Parts of 2 Antipiracy Bills – NYTimes.com
The Obama administration said Saturday that it strongly opposed central elements of two Congressional efforts to enforce copyrights on the Internet, all but killing the current versions of legislation that has divided both political parties and pitted Hollywood against Silicon Valley.
- Sarkozy Is In A Dead Heat With The ‘Let The Euro Die’ Candidate
Never before in history has a sitting French president polled so low 100 days before the first round of votes.
- CEOs urge court to throw out SEC-Citigroup ruling | Reuters
A group of chief executives at more than 200 large U.S. companies urged a federal appeals court to undo a judge’s controversial decision making it harder for companies to settle Securities and Exchange Commission fraud cases.
- Debt talks falter, Greeks warn of disaster | Reuters
Talks between Greece and its creditor banks to slash the country’s towering debt pile broke down on Friday, with the Greeks warning of "catastrophic" results if a deal to swap bonds is not reached soon.
- JPMorgan could lose $5 billion from PIIGS exposure: report | Reuters
JPMorgan Chase & Co (JPM.N) could lose up to $5 billion from its exposure to Portugal, Ireland, Italy, Greece and Spain, Chief Executive Jamie Dimon said in an interview with Class CNBC, carried in Italian newspaper Milano Finanza on Saturday.