asterisk2a + comment   28

Andreessen’s Advice To Old Media: “Burn The Boats”
Oh, and he points out, that the iPad will have a “fantastic browser.” No matter how many iPads the Apple sells, the Web will always be the bigger market. “There are 2 billion people on the Web,” he says. “The iPad will be a huge success if it sells 5 million units.”

As technology becomes ubiquitous, it goes mainstream.

Yes, there are still a lot of people and money in those boats—billions of dollars in revenue in some cases. “At risk is 80% of revenues and headcount,” Andreessen acknowledges, “but shift happens.” You’d have to be crazy to burn the boats. Crazy like Cortes.
iPad  tuki  newspapers  journalism  media  innovation  print  marcandreessen  nytimes  mediachange  advice  comment  opinion  technology 
march 2010 by asterisk2a
Embrace reality, not fight speculation | Analysis & Opinion | Reuters
This is not an issue that will end with the euro zone. What derivative speculators on Greek debt are doing is little different at its heart than investors selling U.S. Treasuries or British gilts because they feel those countries’ deficit situations are getting out of hand. These are simply bond market vigilantes in another form.
CDS  greece  derivatives  speculation  comment  opinion  sovereign  debt 
march 2010 by asterisk2a
European Central Bank Chief Economist: 'Everyone Is a Sinner at the Moment' - SPIEGEL ONLINE - News - International
The country has no other choice. Part 3: Greece 'Must and Will Make It'

SPIEGEL: How do you feel, for example, about the idea of all countries issuing a joint euro bond?

Graphic: Euro-dollar exchange rate
Zoom
DER SPIEGEL

Graphic: Euro-dollar exchange rate
Stark: It was already discussed a while ago. But it would not solve the structural problems of countries like Greece at all. Besides, it would require some euro countries to take responsibility for the debts of others. Interest rates would rise in the euro countries that have managed their economies effectively and would fall in the other countries.
europe  euro  europe-flu  debt  greece  PIIGS  EMU  greatrecession  recession  contagion  ECB  comment  opinion  2010  outlook  CDS  public  government  austerity  society  unrest  eurobond 
february 2010 by asterisk2a
Anatomy of a Euromess - Paul Krugman Blog - NYTimes.com
Most press coverage of the eurozone troubles has focused on Greece, which is understandable: Greece is up against the wall to a greater extent than anyone else. But the Greek economy is also very small; in economic terms the heart of the crisis is in Spain, which is much bigger. And as I’ve tried to point out in a number of posts, Spain’s troubles are not, despite what you may have read, the result of fiscal irresponsibility. Instead, they reflect “asymmetric shocks” within the eurozone, which were always known to be a problem, but have turned out to be an even worse problem than the euroskeptics feared.
greece  spain  debt  economics  europe  EMU  greatrecession  germany  euro  economy  bubble  effects  cause  comment  paulkrugman  shock  analysis  2010  february 
february 2010 by asterisk2a
FT Alphaville » The next leg of the great bear market has begun…
Balance sheet repair and prudence are the new drivers of the bus, in turn driven by The People (the private sector).
austerity  usa  policy  error  recovery  recession  greatrecession  outlook  comment  2010  2011  forecast  dollar  europe  china  markets  financialmarket  UK  debt  public  private  savings 
february 2010 by asterisk2a
Chandler: Policy makers are repeating the mistakes of the 1930s - Credit Writedowns
Greece Spain Portugal Italy Ireland France
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Ironically, the effect of the bond vigilantes and the social resistance may be similar insofar as the economic impact is negative. Ultimately what is at stake is the how the costs (broadly understood) of the bailouts and stimulus are going to be distributed, not just in terms of classes, but also sectors, industries and countries.
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socialised Recession? Not really.
Bnks are in good shape (relativly speaking).
But the world economies are hurting even more than before.
GreatRecession  2010  M3  usa  europe  recession  recovery  comment  opinion  GreatDepression  history  lesson  sovereign  debt  Greece  credit  demand  keynes  Spain  Portugal  Italy  Ireland  France  Keynesianism 
february 2010 by asterisk2a
Davos Forum Ends With No Consensus On How To Improve The Economy Or Prevent Another Crisis
Deutsche Bank chief Executive Josef Ackermann told an AP-sponsored closing panel that the worst of the financial and economic crisis had been managed "quite successfully" but decision-makers now had a tough choice: "Should we take more risk, be a creative force for growth, or should we focus on security?"
Peter Sands, the CEO of Britain's Standard Chartered Bank, - right balance - struck "between making a safer banking system and a financial system that can support the sort of dynamism and growth in job creation."
"Get it wrong one way and we risk a new crisis; get it wrong the other way and we'll take the steam out of the recovery and reduce the chances of creating new jobs,"
French President Nicolas Sarkozy called for a return to ethics and morality in business and gave a broad riposte to free-market capitalism.
Muhammad Yunus, Grameen Bank, which pioneered microcredit, said in an AP interview that "this is a good time to redesign the entire financial system."
recession  recovery  josefackermann  comment  opinion  prospects  lesson  davos  sarkozy  MuhammadYunus  GrameenBank 
february 2010 by asterisk2a
Editorial - The Second Year - NYTimes.com
The private sector seems unlikely to propel a self-sustaining recovery any time soon. That means more stimulus spending, not less, much more than the $154 billion jobs bill the House has passed. Mr. Obama offered some additional ideas, lending money to small businesses and giving them incentives for capital investments. The country will need to hear a lot more about that and how he plans to keep Americans in their homes.
barackobama  uncertainty  presidency  USA  comment  speech  stimulus  opinion  nytimes 
january 2010 by asterisk2a
A Never-Ending Economic Crisis?
In 2008, the global economy experienced a brutal financial retraction not seen since the 1930s. The value of virtually every asset in the world was reappraised downward, led by housing in the United States. The situation was like an unstoppable force of nature. In response, most of the world’s central banks, including the Federal Reserve in the United States, slashed short-term interest rates to near zero percent and flooded the financial system with liquidity. World governments produced fiscal-stimulus packages of mind-boggling size. Global governments spent an astonishing $17 trillion to support the world economy in the form of bailouts, guarantees, and stimulus packages. To put this number in perspective, $17 trillion represents one quarter of global GDP. Aggregate government budget deficits jumped by 737 percent over the previous year.
comments  comment  recession  2010  review  crisis  bailout  fed  usa  numbers  perspective 
january 2010 by asterisk2a

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