Carnivorous Clock eats bugs, begins doomsday countdown Engadget
Surge in Jackson sales allays debt fears Financial Times
Gruma Says ‘Doubt’ Will Continue as Going Concern Bloomberg. Death by derivatives
Where did Madoff’s missing billions go? Investigators face uphill task Guardian
Two Ways JPMorgan Tightens the Screws on Debtors Minyanville
The Two Sides of the Balance Sheet James Kwak (hat tip Ed Harrison)
Too-big-to-fail concept institutionalized: Fed’s Hoenig MarketWatch (hat tip reader John L) His remarks border on belligerent.
IDC: Server market to decline through 2010 Channel Register (hat tip reader John O)
Citi raises card rates on millions Financial Times
Did Greenspan Make a Mistake in 2001-2004 by Keeping Too Rates Low? Mark Thoma
Bank Woes Deepening in Europe New York Times (hat tip DoctoRx)
Sterling Crisis Looms as U.K. Unraveling Points to Budget Cuts Bloomberg
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That article about servers is being very charitable to IDC. Long ago, IDC 'jumped the shark' and has never come back.
I disagree with the idea that virtualization has flattened server sales. Most servers spend their time working very little. So, a 5 year old server will do just fine. Also, virtualization produces as many problems as they appear to solve.
The other reason sales have fallen off of a cliff are the lack of applications that actually can use all of the computing power in a modern 4++ CPU core server. It's hard to build threaded applications and even harder still to write something that can be used across multiple cores.
Hoenig's comments were right on the money. It's as if Geithner and Summers had decided it would be a *good* thing to have even bigger banks.
I know that if I was a small bank owner, I'd feel cheated and betrayed by my own govermin.
Gordon Brown . . . the Husband E. Kimmel of statesmanship.
Gordon Brown . . . the Husband E. Kimmel of statesmanship.