A Cross Hudson Subway Would Be Nice

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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

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%.