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Recession reshapes America
in Sox First, on July 14, 2009
I have often talked about how the recession will reshape America's geography where cities like Detroit will turn into ghost towns. Without saying as much, demographer Richard Florida seems to be saying that in his latest book, an extract of which is republished here . Florida argues that ...
An X-shaped recession
in Sox First, on July 14, 2009
Last month, I did a blog entry explaining why the real unemployment figures are worse than what the official statistics tell us. Now The Wall Street Journal takes it one step further and gives us 10 reasons why the US economy is worse than we think . More companies are asking people to take ...
Goldman Sachs riding high
in Sox First, on July 13, 2009
At the beginning of this month, I did a blog entry asking whether Goldman Sachs had engineered every market manipulation since the Great Depression. Now the New York Times reports that Goldman Sachs is about to report a strong profit of more than $2 billion in the March-June period. Accordi...
Mistresses of the universe: can women save the world?
in Sox First, on July 13, 2009
Back in February, New York Times columnist Nicholas Kristof speculated that things could have been very different if Lehman Brothers had been Lehman Sisters. Less macho and testosterone driven. Now the Washington Post reports there is a growing view that global economic recovery will need a...
Larry Summers: the worst is yet to come
in Sox First, on July 12, 2009
Alarming revelations by Larry Summers, director of the US president's National Economic Council in the Financial Times . Summers says the recession has a long way to go and the worst is still ahead. Summers says: "I don't think the worst is over ... It's very likely that more ...
The new carbon bubble
in Sox First, on July 11, 2009
Despite global recession, reports show the carbon market is booming, up 124% in volume terms and 22% in terms of value. And unfortunately, we might be looking at another bubble. A Friends of the Earth report , cap and trade is just another derivatives market. "Currently, most carbon is ...
Carbon market bonanza for accountants
in Sox First, on July 10, 2009
First it was Sarbanes-Oxley. Now it looks like accountants will find that carbon trading a license to print money. Earlier this week, we had reports that the Big Four accounting firms are beefing their expertise and setting up climate desks for their clients which include high polluting oil an...
Jackson's funeral: taxpayers foot the bill
in Sox First, on July 9, 2009
The California economy is in meltdown. So why do taxpayers have to pay for Michael Jackson's funeral? An expensive live event for a dead superstar. The Los Angeles Times reports that inquiries are under way into how the city ended up paying $1.4 million for the funeral. That includes 3500...
Can dope save California?
in Sox First, on July 8, 2009
California's economy is in deep trouble and threatens to drag the rest of America down with it. So it was hard to go past Advertising Age running this brief commercial from the Marijuana Policy Project:
It's actually a stupid commercial as California's problems have absolute...
Can YouTube survive?
in Sox First, on July 7, 2009
How much money is YouTube losing? How much is it costing Google? That's been one of the fascinating questions doing the rounds for some time. And it's anyone's guess. Rhodri Marsden at The Independent suggests YouTube's future is not looking that flash. "YouTube's la...
Palin shoots the media
in Sox First, on July 7, 2009
The Sarah Palin sideshow continues to amaze the world. Last week, I did a blog entry looking at bloggers speculating whether her resignation was about averting an investigation into whether she embezzled funds. Now, Palin has hit back on Twitter : "Critics are spinning, so hang in ther...
What the jobless figures tell us
in Sox First, on July 3, 2009
The latest US unemployment figures, as reported here , are a real worry. The jobless rate has climbed to 9.5% and shows no sign of slipping back. What that's telling us is the situation is getting worse. It's nowhere near as promising as the optimists claim. As the Economic Policy Inst...
World Bank finally catches up with Siemens
in Sox First, on July 3, 2009
Seems like regulators are finally dealing with bribers and cheaters. But they're taking their time. Two years after Siemens executives were convicted of paying bribes to get business, the World Bank has announced it will impose a $100 million penalty on the German conglomerate and bar it ...
The Goldman Sachs-Rolling Stone slugfest
in Sox First, on July 3, 2009
Hard to go past Matt Taibbi's piece in Rolling Stone where he accuses it of engineering every market manipulation since the Great Depression. Taibbi doesn't pull any punches either. He calls it the "Wall Street bubble mafia". He writes: "If America is circling the drain...
Will California drag down the United States?
in Sox First, on July 2, 2009
California has entered the new financial year in crisis with a budget deficit of $26.3 billion, up from $24.3 billion, because of the ineptitude of the legislature in missing a deadline and political incompetence of Governor Arnold Schwarzenegger. The state has an unemployment rate of 11.5%, hig...
Jackson downloads soar
in Sox First, on July 1, 2009
Just days following his death, Michael Jackson's albums sold at 100,000 apiece, according to news reports . And according to preliminary sales numbers from Nielsen SoundScan, as reported here , there were 2.6 million downloads of his work in just one week. The week before, only 48,000 Mich...
Why CEOs don't blog or Twitter
in Sox First, on June 30, 2009
Social networking might be booming but bosses don't twitter or blog. For good reason too. A new survey, published here , reveals that only two out of the top 100 chief executive officers in the United States have Twitter accounts, only 13 have LinkedIn profiles, 81% don't have a person...
Madoff gets the max! What now?
in Sox First, on June 30, 2009
So as expected, Bernard Madoff got the max : 150 years in the slammer for perpetrating his vile Ponzi Scheme. For his part, Madoff delivered a big apology to the victims. But interesting questions remain. Was there money laundering involved? And if so, wouldn't that make some of his vict...
Beware the China bubble
in Sox First, on June 29, 2009
Worrying signs are emerging from China with reports that we are seeing the creation of an asset price bubble in that market. There was 4.57 trillion yuan (or about $US670 billion) of new lending pouring into the market but most of that was on speculative assets, not the real economy. Fitch Ra...
Climate change: the lawyers' picnic
in Sox First, on June 27, 2009
By the narrowest of margins, Congress has passed the "cap and trade" energy bill which will bring in tough new greenhouse gas emissions standards for US companies. Given that it passed by the narrowest of margins and business opposition, we can expect to see it open up a spate of lit...
Five new webkinz for August
in WebKinzBlog, on June 27, 2009
Five new webkinz will be released in including the Silversoft Cat, Mocha Pup, Iguana and the Lionfish. All full sized, no lil'kinz are scheduled. The eyes on the Iguana crack me up, totally bug-eyed.
Just remember the Grey Arabian is the webkinz pet of the month for August too.
Madoff's jail survival guide
in Sox First, on June 26, 2009
Bernard Madoff, 71, gets sentenced on Monday and the tips are coming in on how he could best survive jail. Whether it's 12 years, as his lawyers have asked, or longer. Lawyers have told CNN he is unlikely to leave prison alive. Madoff is likely to be sent to a medium security jail. And ...
Pensioners kidnap and torture their investment adviser
in Sox First, on June 25, 2009
Working as an investment adviser these days is dangerous. You risk incurring the wrath of financial crisis victims. And it doesn't matter how old they are either. Here's an extraordinary story about a financial adviser who was kidnapped and tortured by angry pensioners after he had lo...
Dick Cheney's memoirs
in Sox First, on June 24, 2009
Can't wait to read it!! Associated Press reports that former puppet master and vice president Dick Cheney is writing his memoirs. According to that report, Cheney will be paid a cool $2 million for the book. Reading his spin on how he dragged the US into a destructive war will be fascinat...
Does Apple need Steve Jobs?
in Sox First, on June 20, 2009
The Wall Street Journal tells us this morning that Apple chief Steve Jobs had a liver transplant and is expected back at work this month as scheduled. What's fascinating though is the way Apple shares have been performing in his absence, up 78% since reaching a two year low in January aft...
CIA recruits bankers
in Sox First, on June 19, 2009
If you've been retrenched as a banker or hedge fund manager, don't worry. There's plenty of work out there, if you want to become a spook. The CIA is now running a recruitment ad for bankers to come on board and "assess foreign economic policies and foreign financial issues&qu...
Mafia cashes in on crisis
in Sox First, on June 19, 2009
Fascinating story in the Financial Times about how the Mafia has been cashing in on the financial crisis with two apparently "Japanese" men bringing $134 billion worth of fake Treasury bills into Switzerland. The men were questioned by Italian police who subsequently let them go. Sur...
How MySpace fell behind
in Sox First, on June 17, 2009
When Rupert Murdoch acquired MySpace four years ago for $580 million, there were questions whether the septuagenarian media baron would kill the Internet site's phenomenal popularity. Now, the latest figures suggest that might have happened. The latest figures, reported here , showing ComS...
The slow recovery
in Sox First, on June 16, 2009
So the International Monetary Fund has given the US economy, and by implication the Obama administration, a big tick of sorts in its latest report . The IMF projects that the economy will contract 2.5% in 2009 but grow by a modest 0.75% in 2010. It's not huge but at least it's headed in...
Throwing the book at Madoff
in Sox First, on June 16, 2009
Bernard Madoff, who has pleaded guilty to 11 charges of fraud, money laudnering, perjury and theft, faces up to 150 years in jail. And his victims want exactly that! The New York Times reports that Madoff's victims, many of them widows and war veterans had sent 100 emails and letters to t...
Disney and toxic waste allegations
in Sox First, on June 15, 2009
The Walt Disney Company earlier this year unveiled , amidst much fanfare, its new environmental initiatives which included zero greenhouse gas emissions and zero waste. But is this Fantasyland stuff? We now have reports that the Environmental Protection Agency is looking carefully at allegat...
Drug pushing Eli Lilly
in Sox First, on June 13, 2009
With drug companies around the world set to make millions selling vaccines to stop swine flu, it's worth looking at how they are pushing drugs. Bloomberg reports that drug giant Eli Lilly pushed drugs for dementia, specifically Zyprexa, on to elderly patients even though it knew the stuff...
Recession and marriage
in Sox First, on June 12, 2009
It seems the recession is saving marriages. Or it might be prolonging the agony. In Britain, The Independent reports that accountants Grant Thornton have found that fewer couples are divorcing. Plummeting property prices means it's just not worth it, even if it means prolonging a bad marr...
Banks to face more stress tests
in Sox First, on June 9, 2009
Last month, I did a blog entry questioning the bank stress tests, pointing out that the bar had been set too low. At the time, I raised the question of whether the tests had been put in place to stop the panic, not to fix the banks. More a political ploy than anything else. Now, the Congressi...
PCAOB chairman Mark Olson quits. What now for Sarbanes-Oxley?
in Sox First, on June 9, 2009
The big news around now is the Public Company Accounting Oversight Board announcement that its chairman Mark Olson is resigning "to establish new priorities". Whatever that may mean. The interesting part about this announcement is that it comes a few weeks after the US Supreme Court...
Planes, trains & automobiles & climate change
in Sox First, on June 8, 2009
Much has been said about using public transport to solve climate change. Basically, the argument goes that taking a train or bus produces fewer greenhouse gases than driving. But now a new study, reported here , suggests that not be the case. According to scientists, there are hidden emissions...
Banks fight to keep accounting tricks
in Sox First, on June 6, 2009
US accounting standard setters might be tightening the rules for banks, forcing them to take off balance sheet toxic vehicles on to their books but don't expect the banks to take that lying down. Up until now, the banks had kept assets and liabilities including mortgages and credit-card re...
Dorfman Sterling Jewelry
in The Jewelry Weblog, on June 5, 2009
Sterling Silver Jewelry
The Dorfman Sterling Collection offers fine sterling silver gifts and jewelry for every occasion. Designed in studios in Italy and the United States , Dorfman Sterling Silver celebrates life for men, women, and babies. An unforgettable new collection of contemporary class...
Reality TV, French style
in Sox First, on June 5, 2009
Mon Dieu, it could only happen in France. French contestants in a French reality TV show, L'Ile de la Tentation (Temptation Island), have won a court case to get the same entitlements as employees with overtime payments and other benefits. As the BBC reports, that the court felt that the ...
Victoria Cunningham Jewelry
in The Jewelry Weblog, on June 4, 2009
Designer Gold Jewelry
Victoria Cunningham has been creating exquisite fine jewelry for over a decade. Her designs range from simple diamond pendants to dramatic one-of-a-kind pieces. Set with diamonds, sapphires, or rubies, all pieces are handcrafted in 14K yellow or white gold . Semiprecious ...
What next for GM?
in Sox First, on June 4, 2009
The big question now is how General Motors will emerge out of this bankruptcy? And what lies ahead for what was once the world's biggest car manufacturer? As Dennis Berman at The Wall Street Journal points out, the $65 billion in taxpayers' money is all part of the subterfuge. Instead...
Health care and the US economy
in Sox First, on June 4, 2009
More evidence that the most powerful nation on the planet has a completely dysfunctional health system. And another illustration of how second rate health care is hurting the US economy. It makes a mockery of its excellent doctors and medical technology. First we have reports that bankruptcy ...
Climate change and business costs
in Sox First, on June 3, 2009
How will an emissions trading scheme affect business? Company earnings could fall from less than 1% to 117% under a cap and trade, according to some new research released by not-for-profit Investor Responsibility Research Center Institute and Trucost, which analyzes environmental data, looks a...
Eve Sperling Jewelry 2009
in The Jewelry Weblog, on June 3, 2009
Fine Gold Jewelry
Eve Abraham Sperling is a designer who grew up in the jewelry industry and considers the New York jewelry district her second home. At the age of 15, she began working in the family owned gem company, Precious Gem Resources , alongside her father, Jack Abraham, who is one of ...
Kevia Jeffrey-West Jewelry
in The Jewelry Weblog, on June 2, 2009
Designer Fashion Jewelry
Kevia Jeffrey-West's exposure to the world of fashion began at five years of age, while spending hours looking over her mother's clothing sketches and playing with fabric swatches. Soon they began making doll-sized versions of her mother's line. She had the be...
SEC probe uncovers problems
in Sox First, on June 2, 2009
All is not well at the Securities and Exchange Commission. Read through the report of the SEC Inspector General and weep. Shake your head in disgust because the report makes it clear that the there are problems all over the place at the SEC. In relation to Bernard Madoff, the office of the in...
Parade Design Jewelry
in The Jewelry Weblog, on June 1, 2009
Designer Fine Jewelry
When second-generation jewelers , brothers Allen and William Pung, established Parade Designs in 1999, those traditional values remained at the core of the family business. Over the last ten years, the brothers have created a collection that is not just worn, but coveted. T...
Blame the recession on Reagan: Paul Krugman
in Sox First, on June 1, 2009
Some fascinating comments from Nobel Prize winning economist Paul Krugman blaming America's economic woes on Ronald Reagan. Basically, Krugman says deregulation, the piling up of debt and the scrapping of financially prudent rules like for example limiting the ability of families to buy h...
Jewelry Sale at ARingThing.com
in The Jewelry Weblog, on May 31, 2009
Gold and Gemstone Rings
A Ring Thing is a jewelry design and goldsmithing company located in California. They have been in business since 1975, creating and making all kinds of unique jewelry in 14k and 18k white and yellow gold, and platinum . They focus on making high quality rings set wit...
Faberge Jewelry
in The Jewelry Weblog, on May 29, 2009
Gold and Enamel Jewelry
Jewelry Creations by Fabergé are made in 18 karat yellow and white gold , platinum and precious gems. Fabergé only uses the highest caliber of diamonds and the most outstanding enamel for these precious creations. In 1872, Peter Carl Faberge took over his father's j...
Is sacking people unethical?
in Sox First, on May 28, 2009
With all the layoffs going on, it's worth asking whether managers ever ponder the ethical implications of what they're doing. As the self-styled "ethics guy" Bruce Weinstein says , sacking people is an ethical issue because it impinges on the rights of others. ""No ...
ACDSee Pro nun auch für den Mac
in Pimp your Mac, on May 28, 2009
...• ZIP-Archivierung
Die Software erkennt zudem alle gängigen Dateiformate wie JPEG, PNG, GIF und TIFF und kann auch eine große Anzahl an RAW-Formaten lesen und verarbeiten. Ein lohnenswertes Program...
Vera Wang Jewelry
in The Jewelry Weblog, on May 27, 2009
Fashion Designer Jewelry
Vera Wang was a senior fashion editor for Vogue for sixteen years. In 1985, she left Vogue after being turned down for the editor-in-chief position currently filled by Anna Wintour, and joined Ralph Lauren as a design director for two years. In 1990, Wang opened her own...
Rebecca Summer 2009 Jewelry
in The Jewelry Weblog, on May 26, 2009
Italian Fashion Jewelry
Italian jewelry brand Rebecca, which has been popular in Italy for years is now making major forays into the United States with distribution details in department stores such as Bloomingdale's, Nordstrom, and a Beverly Hills boutique. The brand is a subsidiary of the...
Krugman, Soros and Roubini: how to fix the crisis
in Sox First, on May 26, 2009
Hard to go past this piece from the New York Review of Books where they run a symposium on the financial bloodbath with comments from a team that includes financier George Soros and economists Paul Krugman and Nouriel Roubini. Krugman says he is concerned about the long run solvency of the US...
Your gold ring to control button spy camera
in The RFID Weblog, on May 25, 2009
...00 x 1600 pixel
# Video Resolution: 608 x 488 pixel
# FPS: 15 frame per second
# Image file format: JPEG
# Video file format: 3GP
# Color Video and Audio
# Built-in 4GB Memory
# Rechargeable Li-ion ba...
Tuleste Market Jewelry
in The Jewelry Weblog, on May 25, 2009
Designer Vintage Jewelry
Sisters Satu and Celeste Greenberg were born in San Francisco and raised in a rural northern California town, Seiad Valley, CA (population 350), which inspired them to create their own clothing and accessories. They eventually made their way to New York City, where they...
Jewelry Sale at Bloomingdales.com
in The Jewelry Weblog, on May 24, 2009
Designer Fashion Jewelry
Bloomingdale's is committed to leading the way with exclusive merchandise, customized services, and alternative shopping venues. Carrying on the Bloomingdale's brothers' dream, they're always finding ways to set their stores apart. That's both the lega...
Alex and Ani Jewelry
in The Jewelry Weblog, on May 22, 2009
Designer Fashion Jewelry
Carolyn Rafaelian , creator and designer of Alex and Ani, was born into a family of jewelers . Growing up in Rhode Island, she spent many hours in her father's factory. Utilizing the family's massive archives of vintage stones, Swarovski crystals, and unique...
Mauri Pioppo Jewelry
in The Jewelry Weblog, on May 21, 2009
Designer Fine Jewelry
Mauri Pioppo is on a path of creative success. Her first career was as a professional dancer, which led her to tour with such legends as Twyla Tharp, Nina Wiener and Lar Lubovitch. To keep up with the physical demands of dancing, Mauri sought the restorative help of yoga a...
Jolie B. Ray Jewelry
in The Jewelry Weblog, on May 20, 2009
Gold and Gemstone Jewelry
Tanya Tochner and Marjorie Troob have found a calling and a true connection, designing jewelry. After having careers in the corporate world and raising young children, these two women decided they needed a creative outlet. Realizing they both had a passion for fine je...
Dmitriy Pavlov Jewelry
in The Jewelry Weblog, on May 19, 2009
Handcrafted Precious Metal Jewelry
Originally from St. Petersburg, Russia, Dmitriy Pavlov currently lives and works in Madison, Wisconsin. His successful exhibitions in Finland and Russia, including the Hermitage Museum in St. Petersburg, have earned him an international recognition and art a...
Open-Source-Tools für das Büro
in Das Open Source Weblog, on May 18, 2009
...nn. Neben PDFs können folgende weitere Formate mit dem PDFCreator erstellt werden: PNG, JPEG, BMP, PCX, TIFF, PS und EPS.
Filezilla
Dieses Open-Source-Programm ist ein sehr leicht zu bedienender ...
Amali Jewelry
in The Jewelry Weblog, on May 18, 2009
Handcrafted Fine Jewelry
Amali designer Sara Freedenfeld discovered her passion for making jewelry while backpacking through South America. Sara launched her company, Amali, in the spring of 2006, and has quickly become a favorite among celebrities . Most recently, Amali Jewelry adorned Tyra B...
Jewelry Sale at Netaya.com
in The Jewelry Weblog, on May 17, 2009
Designer Gemstone Jewelry
Each and every piece of Netaya Jewelry is created by highly trained craftsmen , using the latest manufacturing technologies to ensure your unconditionally guaranteed satisfaction. Their number one goal is making your shopping experience a memorable one. Netaya's m...
Antica Murrina Italian Jewelry
in The Jewelry Weblog, on May 15, 2009
Murano Glass Jewelry
The new antica Murrina Spring/Summer 2009 jewelry collection is quite amazing for the wonderful color combinations and refined details, a precious mix of creativity and modern design. Fascinating transparencies capture the light. Glass is shaped in form and color. Ant...
Monica Vinader Jewelry
in The Jewelry Weblog, on May 14, 2009
Handcrafted Gemstone Jewelry
Monica Vinader's unique gemstone jewelry collection features fabulous pieces in gold vermeil and sterling silver vermeil . Monica Vinader was born in Spain and now designs and makes beautiful contemporary jewelry from her 16th Century barn in Norfolk, England. ...
Stephanie Albertson Jewelry
in The Jewelry Weblog, on May 13, 2009
Designer Fine Jewelry
New York jewelry artist Stephanie Albertson loves the whimsical, magical, and expressive powers of jewelry. Stephanie handcrafts each piece in pure 24K gold that is alloyed to her signature 22K Gold formula . The gold is then made into sheet or wire, from which each piece...
JJ Singh Jewelry
in The Jewelry Weblog, on May 12, 2009
Metalsmith and Jewelry Designer
In recent years, the surge of independent designers has seen an all-time high. From hand-knit scarves to commissioned furniture, artisans who know their craft and can identify with a client's need for something unique, continue to pave the way for the latest an...
Downturn easing without recovery
in Sox First, on May 12, 2009
On one hand, we have billionaire financier George Soros saying that all the stimulus packages are starting work and that the financial crisis is easing. He predicts that Asia will be the first to emerge out of the crisis, and that China will overtake the United States as the world's growth...
