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Thursday, November 25, 2010

Brazil: Sao Paulo: Photos

Brazil: Sao Paulo: Carmo Planetarium: Photo
Brazil: Sao Paulo: Mercado Municipal: Photos
Brazil: Sao Paulo: Museum of Art: Photos
Brazil: Sao Paulo: Parque Zoológico: Photos
Brazil: Sao Paulo: Serra da Cantareira: Photos
Brazil: Sao Paulo: Ibirapuera Park: Photos

Brazil: Sao Paulo: Adopted City
Brazil: Sao Paulo: Photos
Brazil

Brazil: Economy: Not South Korea


Brazil has come a long way, but Brazil still has a long way to go. $10,000 per capita income is not $20,000, it is not $30,000.

Brazil: Economy: Paving The Way


Brazil's story shows a poor country lifting itself up is great news for the global economy, it is great news for the rich countries. They don't steal your jobs. They create jobs that never existed before and they get rich and then they buy from you.

Brazil: Economy: Amazon And Biotech


Brazil is a modern, world class economy. Most Brazilians work in the service sector. If Brazil is poised to be a world power, it is to be on the strength of its economy, not the might of its military.

Tuesday, November 23, 2010

Zappos Being Sold

tony hsieh, ceo, zappos.comImage via WikipediaI am going to dig up on this and blog about it more later. But I have been circling Zappos, and my hunch is selling Zappos to Amazon was a very, very bad idea. Zappos was IPO material. I am going to learn the details. And comment more later.

A Cross Hudson Subway Would Be Nice

Satellite view of Manhattan.Image via Wikipedia
Bloomberg: Christie Says New York Must Pay First to Add Cross-Hudson Subway Link: a subway link between Secaucus and Manhattan ... a proposed $8.7 billion commuter-rail tunnel linking Newark to New York ..... The conduit was projected to double rush-hour train capacity between the two cities. ..... an alternative, to extend the city’s No. 7 subway line under the Hudson River to northern New Jersey. ..... alternative, projected to cost about $5.3 billion, is better
I never understood why New Jersey needed to be a separate state, or at least northern New Jersey. I think we should let go of upstate and take over northern New Jersey and carve out a state of New York Metro.

A Victory For Larry

Larry Ellison, Welcome Keynote, Oracle OpenWor...Image by yuichi.sakuraba via Flickr
Bloomberg: SAP Must Pay Oracle $1.3 Billion Over Unit's Downloads: the largest jury award of 2010 ..... s the largest ever for copyright infringement and the 23rd-largest of all time for any jury award

Larry asked for two billion. SAP offered 20 million. So Larry upped the ante. He asked for four billion. Looks like he has been awarded close to what he asked for. Asking for two billion and getting 1.3 billion is close.

Recession Over, Unemployment Still High


BBC: US Federal Reserve cuts 2011 growth forecast: The Fed expects growth of 3-3.6% next year, down from its previous 3.5-4.2% estimate. .... the US economy grew faster than first thought in the third quarter of this year, at an annualised rate of 2.5%. ...... US Federal Reserve said it would buy $600bn (£373bn) of US government debts in order to try to lower long-term interest rates and thereby boost the economic recovery. ...... support for the move on the policy committee was almost unanimous, with only one member voting against. ..... among the positive effects of quantitative easing that they noted was a lower value in the dollar. ..... the unemployment rate remains stubbornly high at 9.6%.

There is not going to be a double dip recession. The Great Recession could easily have become the second Great Depression, but it didn't, thanks to the stimulus package. The banks are back in shape. Spending is going up. But the unemployment is still at European levels, and that is a big problem. It has to be brought down to something like 6%.