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Airbnb loses legal battle in New York

posted to Tech Blog on Wed 22nd May 13

A New York man who rented his apartment through Airbnb was found to have violated the citys residency laws, marking the first legal setback for the peer-to-peer home rental start-up as it faces a growing number of regulatory questions.An administrative law
African-American teenagers most likely to use Twitter

posted to Tech Blog on Tue 21st May 13

African-American teenagers are more likely to use Twitter than their white counterparts, according to a study out today from the Pew Research Center.Researchers noted a significant jump in Twitter use among teens in general, but found that 39 per cent of African-American
Live Blog: Apple grilled over tax avoidance

posted to Tech Blog on Tue 21st May 13

Apple chief executive officer Tim Cook takes the hot seat on Tuesday morning in Washington to answer questions about a tax planning strategy that has enabled it to avoid billions of dollars of taxes. Carl Levin, chairman of the Senate investigations committee,

Perspective on Apple amid the clamour

posted to Tech Blog on Mon 28th Jan 13

It is ironic that both Dell and Apple shared big news last week.Back in 1998 Michael Dell, then the crown prince of the personal computer industry, recommended that Steve Jobs shut down Apple, which was in dire shape, and distribute the proceeds to shareholders.
Facebook ought to ditch its public offering

posted to Tech Blog on Fri 3rd Feb 12

At long last Facebook has filed for its initial public offering, the most eagerly awaited event in Silicon Valley since Google went public in 2004. Having read the prospectus, with its details of how profitable and cash-rich the social networking …Continue
Robots put leadership under skills pressure

posted to Tech Blog on Tue 9th Aug 11

We love robots tireless, productive workhorses of the modern assembly line. But we also hate robots sinister mechanical simulacra of the human workers they make redundant. In the latest episode in our complicated relationship with automatons and automation,

Monday links: humbling markets

posted to Abnormal Returns on Mon 28th Jan 13

Quote of the dayJoe Fahmy, “The second you get cocky and think you are good, the market has a unique way of humbling you.” (Joe Fahmy)Chart of the dayForecast returns for a 60/40 portfolio over the next decade. (Buttonwood, ibid)MarketsInvestors
Friday links: gold theology

posted to Abnormal Returns on Fri 3rd Feb 12

Quote of the dayFloyd Norris, “More than almost any other dispute in economics, gold often seems to be a matter of theology. “ (NYTimes)Chart of the dayWith the stock market in rally mode a look at the weekly chart. (Afraid to Trade)MarketsDaily
People Make Poor Monitors for Computers

posted to Macroeconomic Resilience on Thu 29th Dec 11

In the early hours of June 1st 2009, Air France Flight 447 crashed into the Atlantic Ocean. Till the black boxes of AF447 were recovered in April 2011, the exact circumstances of the crash remained a mystery. The most widely accepted explanation for the disaster