Archive for November 11th, 2011

On January 1, the minimum wage will rise as much as 20 per cent in China’s Guangdong province, a move that could affect the region’s status as a hotbed for low-cost manufacturing — or even raise the prices of the world’s electronics.

Harold Sirkin, an analyst at Boston Consulting Group, tells Wired that wages have …




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Facebook is reportedly ready to settle a privacy complaint with the FTC, agreeing to get consent from users before making private data public and to performing privacy audits for the next 20 years.

At issue is Facebook’s decision in December 2009 to make sweeping and retroactive changes to user profiles, including requiring all users to have …




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More than 49 million Americans, or 16% of the population, were living in poverty in 2010, the government reported this week. Rising poverty is a national tragedy and a brewing humanitarian crisis in America… Which brings us to another edition of Taken to Task. The poverty figures released this week came after the U.S. Census [...]

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Data just out shows that Q3 was a great quarter for M&A.  As you can see from the charts below total deal value and average deal size were up quarter on quarter and year on year and deal volumes are also pretty robust.  On top of that Groupon finally went public (pricing at $20, above its expected range of $16-18), Zynga is expected to list after Thanksgiving, and Yelp announced this week that they have appointed bankers and are expected to IPO in Q1.

Exits are what make the venture world go round and whilst they are still happening the market will stay buoyant.  There has been a lot of talk this week about whether appetite is drying up for Series A deals, but whilst the exits keep coming I wouldn’t expect to see any radical shifts.  Sure, investors will get smarter (learning again that eyeballs and growth aren’t always lead indicators of value) and the macro environment might make them more cautious, but it will take a collapse in the exit market to really change behaviour.

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Follow The Daily Ticker on Facebook here! The former chair of President Obama’s Council of Economic Advisors, Professor Christina Romer of U.S. Berkeley, says that Europe’s leaders are still several steps behind the crisis that has developed around them. And if the crisis is not addressed soon, Romer says, it will clobber the U.S. as [...]

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Follow The Daily Ticker on Facebook here! Congress is once again at an impasse and running out of time to make a deal to lower the country’s debt, according to wide spread reports. The so-called 12-member congressional “super committee” is still split along party lines on how to cut $1.2 trillion from the budget over [...]

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Big send-offs at IBM and Gannett, a sweetheart jet deal at Clear Channel, and a penalty for talking at Icahn Enterprises headline October’s top executive compensation goodies. As she does every month, Footnoted.com editor Michelle Leder of stopped by to discuss some of the choice nuggets buried in Securities and Exchange Commission filings. In the [...]

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Nearly a year and a half ago, HP told the world it would offer a cloud service based on Microsoft’s Windows Azure, a means of building and deploying applications over the net. We’re still waiting for this service to arrive, but in the meantime, HP has embraced the open source alternative to Windows Azure: VMware’s Cloud Foundry.




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It is more in sorrow than in anger that I venture to comment on “Batali-gate.” I’m a fan of celebrity chef Mario Batali, so I was very disappointed when he seemingly compared bankers to Hitler and Stalin. Batali is famous, among other things, for running gourmet Manhattan restaurants whose customers naturally include many bankers. Who else did he think was going out to dinner at places like this? So the bankers quickly mounted a boycott, cancelling their reservations en masse at Babbo and Del Posto, and Batali was forced to issue an apology.
To be fair, Batali’s point…

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Those who know the history of the Federal Reserve System are fairly acquainted with the idea of money elasticity. The latter half of the 19th century was marked by severe bank panics that occurred with an almost alarming frequency. Bank panics caused the public to remove “money” from banks in general, leading to a sharp contraction in liquidity for the banking system.
Since banks operated on a fractional reserve basis and were solely responsible for multiplying “money”, this flow of currency away from the banking system in times of panic inverted the money multiplication…

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WordPress creator Matt Mullenweg believes in open source software, but if you ask him who really inspired him, he’ll say Apple, not Red Hat.

Sure, Apple is “probably not the most kosher,” open-source wise, but at least they’re not an enterprise software company. Mullenweg is not a big fan of enterprise software.

“To me the enterprise …




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