BUSINESS

Sandy Clean-Up Expected to Add Billions to U.S. National Debt

Well, it didn't take long after Hurricane Sandy passed into history as the largest storm of its kind in several generations for someone in Washington to call for billions in new federal spending to compensate for its damage - billions that will, of course, be added to the trillions of dollars in debt the nation already owes.

Vietnamese Housing Market’s Amazing Slump

Vietnam is facing a housing catastrophe. A disastrous slump has overtaken its housing market. The government is embarrassed, the banks are bankrupt, and the economy is in a mess.

It Won’t Be Long Before the Problems in Greece Resurface

At least we're not Greece, and for that we should be thankful. What's happening in that distant part of the world is really a tragedy. Greece is in a depressionary slump. It's been that way since 2010. 'Bailout' funds, debt write-offs and years of austerity have achieved absolutely nothing.
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Australian Stock Market Report – Midday 11/2/2012

The Australian sharemarket is improving modestly at lunch for the fourth time this week, with the All Ordinaries Index (XAO) up 0.2 per cent or 10.9 pts to 4490.8. Yesterday was the worst day for the local market in three months however, with equities slipping by 1.2 per cent due in part to unimpressive economic news in China.

Why Is US Economic Growth So Anaemic?

- US growth is anaemic- Households are doing the right thing - Public sector debt is the keyBy Eva BrocklehurstWhy has US economic growth been so anaemic? Why for so long? Is there light at the end of the tunnel? The answers, according to DBS Bank, lie with public sector debt.

Nokia’s Latest Phone Line Up

Nokia was the holder for several years of the crown of having the most number of mobile phone users in the world. It all changed with the introduction of smartphones, powered by the regal system iOS, and the democratic approach of the Android Project. Nokia has joined the fray with Symbian; however, the phone line ups with this OS didn't last long.

Samsung ATIV Tab vs Windows Surface

Windows Surface has been released recently together with new Windows version - Windows 8. A lot of computer brands likewise rolled out their own devices such as smartphones and notebooks with the new OS.

Australian Stock Market Report – Afternoon 11/1/2012

The Australian sharemarket pulled back for the first time this week, with the All Ordinaries Index (XAO) slipping by 1.2 per cent or 55.5 pts to 4479.9. Today was the worst day for the local market in three months and the XAO finished the session at its lowest point of the day.

Windows 8 Gets Stunning Reception-- Steve Balmer

Windows 8 is rolling out in stunning fashion, attracting millions to install the newest version of the Microsoft operating system barely a week after its launch, company chief executive Steve Ballmer said on Wednesday.

Australian Stock Market Report – Midday 11/1/2012

The local share market is giving back yesterday's gains, with falls in energy, mining and financial stocks contributing to the sell-down. Overnight, Wall Street resumed trade for the first time since Friday night, with the Dow Jones Index finishing modestly lower. At lunchtime in the East, the All Ordinaries Index (XAO) is down 32.3pts or 0.7pct to 4503.1.

Samsung ATIV Device Line-Up

With Windows 8 launched late this October and several famous brands such as Lenovo, ASUS, Dell, and Microsoft itself releasing new devices that will run on the new OS, Samsung has made a new line of devices exclusively using Windows 8, which make this set of devices sync to each other. Samsung will tap in this new generation of Windows together with its features and amazing power.

More to the German Gold Story

Last week we mentioned that Germany's audit office wanted the Bundesbank to make sure German gold held in foreign vaults is...you know...actually there...and has not been leased into oblivion, never to back sound money again. Well the story gets better.

Smart Kids Drink More as Adults, Non Drinkers ‘Dull’

The government finally published its Asian Century white paper this weekend. It sure sounds impressive. With the kind of timing this government has, a giant meteor will strike the Asian continent and destroy it sometime next week.

Japan’s Economy: The Test Tube Baby for Monetary Policy

Here's a question: if the machines and bots have largely taken over the share market, why did the New York Stock Exchange close for weather-related reasons two days in a row? It's the first time the NYSE has done that since the 1880s, way back in the 19th century. Maybe this will be a dry run for markets that operate without physical trading floors.

Australian Banks at Risk to the Core

Despite yesterday's blowout $6 billion or so profit from ANZ, it turns out all is not entirely well in Australia's financial services industry. For the last five years, the pattern in the markets has been the same. A crisis starts at the margin, with a peripheral player, and then moves its way up the food chain.

Fairfax Media (via The Stayz Group) acquires YesBookit

Today, Fairfax announced that The Stayz Group has acquired YesBookit, the leading holiday rental booking system for property managers. Developed by Midac Technologies, YesBookit integrates with Stayz, Rentahome, HomeAway and Wotif to simplify the holiday booking process for Australian and New Zealand property managers.

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