Archive for December, 2009
Dec
09
2009
 
Christina Romer Says Spending Our Way Out of Recession Is "Sensible Policy"Posted by: yahootechticker in Yahoo Tech TickerHoping to garner support for his latest jobs plan, the President is set to meet with a group of lawmakers at the White House later today to discuss job creation.It’s the follow-up to Stocks slumped Tuesday as the dollar renewed its recent rally amid evidence of weakness in the global economy.Disappointing guidance from 3M and sales results from McDonald’s weighed on blue-chip averages, with the Dow and S&P each losing 1%. Th You could save your loved ones thousands of dollars — and your remains could help train doctors and contribute to medical research. The recession has exposed a lot of companies’ weaknesses, and in a slow-growth decade, the weak won’t survive. Here’s why Sears, Kodak, Palm and a few more won’t last. With home equity borrowing vaporized and credit card limits tightening, some banks are going back to the past. But getting a loan isn’t easy.
Dec
08
2009
Falling Unemployment "Not Good Enough," Christina Romer Says, Backing Obama’s New PlanPosted by: yahootechticker in Yahoo Tech TickerEven after Friday’s better-than-expected jobs data, President Obama unveiled a new effort on Tuesday to help the millions of Americans that can’t finds jobs. …
Dec
08
2009
Memo to Obama: "Less Is More" When It Comes to Stimulus, Ken Rogoff SaysPosted by: yahootechticker in Yahoo Tech TickerPresident Obama laid out a framework for more government action to boost hiring Tuesday, featuring tax credits for small businesses, more infrastructure spending and incentives for clean energy initiatives. But Harvard Professor Ken Rogoff says Obama shou
Dec
08
2009
Ken Rogoff: Unemployment, Housing Will Get Worse Before They Get BetterPosted by: yahootechticker in Yahoo Tech TickerPresident Obama today unveiled several initiatives aimed at rebuilding the nation’s job market. Unemployment hovers at 10% as of November. But our guest, top economist and noted bear Kenneth Rogoff of Harvard University, forecasts more headwinds. .. Japan has always tried to do more than most developed economies to smooth out the rough edges of free markets by protecting domestic businesses and workers from volatile economic cycles through worker subsidies and restrictions on competition. Now the ruling Democratic Party, which took the reins of government in September amid widespread discontent with the Japanese economy, is looking to add new protections in the midst of the current steep downturn, including banning companies from hiring workers on a temporary basis. The government is hoping to spur more long-term, meaningful employment,… You’re sweating, panicked. You’re about to recycle an old gift, buy a weight-loss book for Aunt Josephine or grab the Victoria’s Secret catalog. Stop! Break the cycle of Holiday Gift-Shopping Syndrome!
Dec
08
2009
Boxee Unveils Public Beta, ‘Boxee Box’ HardwarePosted by: wiredtechbiz in Wired Tech BizBoxee, the open-source media center software known for putting internet video on televisions unveiled a new public beta version, content partners, and a dedicated set-top-box at a well-attended event in Williamsburg, Brooklyn.
Dec
08
2009
U.S. Government’s Wimpiness with Wall Street Hits a New HighPosted by: yahootechticker in Yahoo Tech TickerFrom The Business Insider, Dec. 8, 2009:Perception is reality.
Dec
08
2009
Market Will Keep Rallying in 2010, Says FTN Midwest’s Tony DwyerPosted by: yahootechticker in Yahoo Tech TickerWhat’s a retail investor to do? This year’s whip saw action has many confused. Still feeling lousy about the economy and our future prospects, the retail investor, judging by fund flows, remains skeptical about putting money to work in t
Dec
08
2009
Market Will Rebound in 2010, Says FTN Midwest’s DwyerPosted by: yahootechticker in Yahoo Tech TickerWhat’s a retail investor to do? This year’s whip saw action has many confused. Still feeling lousy about the economy and our future prospects, the retail investor, judging by fund flows, remains skeptical about putting money to work in t  I attended a Bryan Garnier seminar on ecommerce this morning and one of the panelists pointed out the small size of the European quoted stocks compared with the US. Combined Market Cap of EU Ecommerce Companies Below: £2.1bn
Combined Market Cap of EU Ecommerce Companies Below: £57.7bn
One can argue about Bryan Garnier’s choice of companies but the message is clear enough – European ecommerce companies are much, much smaller than those in the US. At the conference this was presented in a positive light – apparently there is demand from global equities investors for more exposure to European ecommerce. That is good to hear and I’m sure we will all do our best to give it to them, particularly as there is a preference for companies valued over $1bn I care about this for another reason though, because of what it means for the European startup ecosystem. A small quoted ecommerce sector has the following implications when compared with the US (amongst others):
These arguments hold for all sectors, not just ecommerce. The good news is that this is starting to change. Companies like CSR, Autonomy, ARM and Software AG have recently joined SAP global leaders in significant markets and the progress at Skype is encouraging for us all. Building an ecosystem takes time for a number of reasons – emergence of a critical mass of angels and growth of support systems for entrepreneurs are two of the most talked about elements. The existence of large indigenous tech businesses is another. |
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