Of all places it was the garage where it was born. There, some 60 years ago, college pals Bill Hewlett and Dave Packard founded the firm that would later bear their name: Hewlett-Packard.
Earlier this year I wrote about the $300 billion-per-year international remittance industry, the channel by which the bulk of some countries’ gross national product is generated. How will new attempts to discourage Latin American migrant workers and nationwide housing woes affect the flow of funds in the Americas?
Like any party that went on about five hours after it should have ended, the mortgage mess has delivered up yet another story that you just couldn’t make up, even if you tried.
Today’s WD is heavy with charts. My apologies. But there’s a set of charts at the end of this article that are downright frightening. So I urge you to look carefully at my analysis.
What unites Egyptian Pharaohs, Israelis, and Mexicans? Recently, I braved the blazing desert sun to get an inside look at the revival of a 6,000-year-old copper mine and find out.
Here it is. The last day of August. Even though summer doesn’t officially end until September 22, for many of us August 31st represents the end of sun, fun and surf, at least psychologically.
As if shedding nearly 40,000 jobs over the last eight months weren’t quite bad enough, in some ways the mortgage industry’s troubles have really just begun. The next blow, it seems, promises to come at the hands of the nation’s politicians.
Since last November, it has been my great pleasure to bring you the stories that I believe will lead the markets for years to come. From nanotech to Web 2.0 to robotics to IPTV and everything in between, I’ve covered it all in the “knowledge economy” and then some.
The hottest spot in Brazil isn’t the Copacabana beach. It’s not the Sambadrome built for Carnival parades or the violent streets of the hillside favelas. It’s the stock exchange.
The current economic debate really boils down to one essential question: “Will there be a recession?” To me, the question has about as much vitality as debating whether Roger Clemens will be inducted into the Baseball Hall of Fame. (With over 300 wins and more strikeouts than any other pitcher besides Nolan Ryan, the Rocket is a sure thing for Cooperstown). Similarly, a recession is not a question of “if” but merely of “when.”
Commodities, banking, real estate, mortgages, builders – you name it – all down for the count and headed nowhere but lower, no matter what the Fed does.
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