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June 15, 2010
“Who so desireth to know what will be hereafter, let him think of what is past!” -Sir Walter Raleigh (1552 – 1618) They say that one of the best reasons to study history is to help shed light on today’s events. To predict the future directions of the stock market, generally start by looking at past wanderings, because the history of the stock market is always repeating itself!
June 14, 2010
ChartPoppers
President Barack Obama will press BP executives this week to set up an escrow account to pay damage claims by individuals and businesses hurt by the Gulf of Mexico oil spill disaster. The move comes as Obama, who will address the nation about the spill on Tuesday night, faces questions on his handling of the disaster, which was in its 55th day. Millions of gallons of oil have poured into the Gulf since an April 20 offshore rig blast killed...
June 12, 2010
Many of us involved with IT believe that success in the new normal calls for democratizing IT-enabled innovation. But democratized innovation represents a significant shift from how IT currently operates and there is no clear roadmap or consensus on how to move in this direction. IT leaders know that change is necessary, but are so busy struggling with today’s challenges that they don’t have the time to bring the future forward. To...
June 11, 2010
ChartPoppers
Federal Reserve Chairman Ben S. Bernanke said the U.S. recovery probably won’t quickly bring down the unemployment rate, which is likely to stay “high for a while.” Given the depth of the recession, the recovery is “moderate paced,” Bernanke said last night in a question-and- answer session with Sam Donaldson, the ABC News journalist, in Washington. In Europe, policy makers “are committed to avoiding default...
June 11, 2010
ChartPoppers
Warren Buffett’s lunch auction, an annual fundraiser to benefit a San Francisco charity, drew a high bid of $400,100 in the third day of the weeklong event, putting it ahead of last year’s pace. The auction on EBay Inc. generated 35 bids by 6:30 p.m. in New York, according to the website. Last year, bidding was still at $356,789 with less than 12 hours remaining, then surged to close at $1.68 million. The auction kicked off on June 6...

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