Archive for June, 2008

Last Friday’s market rout in employment, oil, the dollar and stocks was not the end of the world, but it is a warning. The message is that the current Washington policy mix of easy money and Keynesian fiscal “stimulus” is taking us down the road to stagflation.

read more here.

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OPEC members saw no need on Sunday to pump more oil in response to last week’s double-digit surge in oil prices to over $139 a barrel that top exporter Saudi Arabia described as unjustified.

Read more from reuters here

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At WWDC yesterday, Steve Jobs confirmed what have been rumored for a while – iPhone will support 3G, and prices will be cut. Starting at $199 for the smaller, 8GB version and $299 for the 16GB, color option version – iPhone is now destined for the broader audience.

With an open application environment and a clean business model – mobile content will now find its true audience through the unified window of iTunes. Offering a 70/30 split to developers, a open SDK and low entry fees for the firmware unlocking the phone – developers will have a chance at actually making money on mobile content.

Here is a good summary from NY Times from the WWDC

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Venture companies explore new demands with unusual technologies and services. However at present, consumption grows at a sluggish pace under a stagnant economy due to the high cost of raw materials and the subprime loan issue. Under this circumstance, many venture companies do not have reliable asset resources and a firm business infrastructure. Small companies are struggling to raise funds under a tough environment.

Read more here.

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The widespread use of Wikipedia have spurred some interesting offsprings;

For Business try: www.dealipedia.com

“The business deal wiki”
Michael Robertson, founder of MP3.com, started this archive of M&A activities, IPOs, bankruptcies, and scoops on who made money (including him) on the deals.

For relaxation try: www.chickipedia.com

“The wiki of hot women”
Learn that Scarlett Johansson is known for “her popularity with up-and-coming celebrity men” … and going-nowhere Web surfers.

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