SNL Spoof of Mark Zuckerberg of Facebook and Julian Assange of WikiLeaks
A funny look at Time's selection of Mark Zuckerberg for Person of the Year over Julian Assange
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S&P Upgrades China’s Sovereign Ratings
In the CNBC Asia video below, Tan Kim Eng, director of sovereign ratings at Standard & Poor's Ratings, says China won't be coming to international markets to sell its sovereign debt anytime soon because it can fulfil its needs…
The Looming State Budget Crisis
States and local governments cannot rely on the Federal Reserve to print money. As they face financial difficulties not seen since the 1930s, this is significant. We see the consequence of this difference on display daily in the sovereign…
Financial News Links: 2010-12-19
We have just a few stories today from around the web. Three come from Europe on Irish collateral at the ECB, Spainsh bank restructuring in Europe, and Spanish over-buildings effects on Spanish banks. The U.S. story is about Ron Paul and his…
Links: The Day in Financial News – December 18, 2010
Below is what happened in financial news yesterday as reported at Credit Writedowns and from other places across the web. Credit Writedowns Mervyn King: "Systemic Insolvency Is Now The Problem" I want to take you through…
Mervyn King: “Systemic Insolvency Is Now The Problem”
I want to take you through how we got from the financial system's "systemic insolvency" to bailouts to record profits and bonuses again in the span of two years. From the WikiLeaks cables as published in the Guardian today…
Germany is not the only one facing backlash for EU bailout
Due to its size and importance, Germany has taken all of the criticism for enforcing a hard line on the austerity quid pro quo which allowed the euro zone bailouts to proceed. However, policy makers from a number of other countries share…
Is Vietnam In a Downward Spiral?
Here's a run down of the recent woes in Vietnam. As you may recall, they are one of the few Asian emerging markets to be downgraded by the ratings agencies from Ba3 to B1 by Moody's - both junk ratings. Most of the other ratings in…
Android’s Rising Dominance
Here's a CNBC Asia video that tells the story of the rise of the smartphone as a phone and computing device. I have been on this story for sometime. My view is that, just as computers have become super cheap (they were expensive once. I…
On Yahoo’s Fall From Grace And Other Links
I am always interested in stories about Yahoo! since I worked there during its Internet hey day. Unfortunately, the place is falling apart. The latest I have heard is of a 5% staff cut, combined with employee buyouts and the sunsetting of…