Finance Geek

AT&T’s bandwidth caps go into effect Monday, putting half of U.S. broadband users to a limit on how much net they can use. We’re all poorer for it.

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Netflix now has nearly as many subscribers as Comcast and in the evenings, accounts for more than 40 percent of U.S. bandwidth usage by some measurements. Those astounding numbers are leading some to wonder whether Netflix is reducing the amount of peer-to-peer file sharing, once the easiest way to find movies to watch. But what do the numbers say?

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The Fed has kept interest rates at zero percent for 27 months and has created–out of the blue–2 trillion new dollars in the last few years alone. If these actions constitute a strong dollar policy, Americans can only cringe at the thought of what a weak dollar policy on the part of the Fed would possibly look like!
Ben Bernanke’s hour-long press conference was packed full of an amazing quantity of contradictions, and economic fallacies. For example, the price of gold soared by $25 during the conference as the dollar was falling to a new 52 week low. In fact, the U.S. dollar has lost…

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Provided by James Altucher: “Giving to charity” is another Myth we uphold fervently in the Great American Religion (just like “own a home”, or “send your kids to college”). It’s time we stop blindly believing in mythology. I’m not saying don’t give. I’m not saying don’t be spiritual or don’t be good. But do it [...]

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NEW YORK (TheStreet) — Berkshire Hathaway has thrown David Sokol under the bus, but will that be enough to clear the road for the teflon CEO Warren Buffett?
Berkshire Hathaway tried to pre-empt the firestorm that Buffett is sure to face at this weekend’s Berkshire annual meeting by releasing the results of a Berkshire board audit committee review that slams former Berkshire senior officer Sokol.
The audit committee report states that trades Sokol made in shares of Lubrizol weren’t just a violation of Berkshire Hathaway policy and fiduciary duty, but part of a nefarious plot to fool…

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Berkshire Hathaway’s annual meeting is always a big deal, but this year’s confab takes on extra importance for its legendary chairman Warren Buffett as the saga over David Sokol’s resignation continues. Earlier this week, Berkshire’s audit committee released its review of Sokol’s trading in Lubrizoil prior to Berkshire’s purchase of the company in March. The [...]

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Presidents and politicians of all political affiliations have said for decades the U.S. must find an energy source that can serve as a viable alternative to crude oil imports from foreign nations — a fair number of which aren’t exactly gushing supporters of the red, white and blue. That talk hasn’t translated into much action, [...]

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