According to a new report, it would cost $100 billion to wire the US with fiber optics and keep the infrastructure from falling behind the rest of the world. Specifically, they recommend what has worked in many other countries — government investment and unbundling — which are often criticized by free market groups...
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Friday, February 1, 2008
Thursday, January 31, 2008
Why is GE Outspending the Entire US Government on Green?
Why is GE Outspending the Entire US Government on Green?
This January, General Electric announced that it was upgrading its investment in Green to $6 billion dollars by 2010. Where is the US? - $2 billion according to George Bush's State of the Union Speech. Why is GE so heavily investing in green? Because they see it as their future.
Full story here
This January, General Electric announced that it was upgrading its investment in Green to $6 billion dollars by 2010. Where is the US? - $2 billion according to George Bush's State of the Union Speech. Why is GE so heavily investing in green? Because they see it as their future.
Full story here
Saturday, January 26, 2008
Lax Controls Costs French Bank $7 B, Lone Trader Blamed
A futures trader at the French bank Societe Generale allegedly bypassed established computer control systems to generate fictitious financial transactions that caused 4.9 billion Euros (US $7.2 billion) in losses for the bank. The bank has lodged a complaint against Jerome Kerviel with French prosecutors. The complaint against him alleges falsification of banking records, fraudulent use of the falsified records, and computer fraud...
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Nintendo Losing Out Over $1 Billion from Holiday Wii Shortage?
Nintendo Losing Out Over $1 Billion from Holiday Wii Shortage?
Nintendo has already gone on record stating that the Wii shortages have been a detriment to the company—that they've lost out on potential sales since much of Nintendo's target casual gaming audience won't bother with it down the line..James Lin, senior analyst at the MDB Capital Group, puts the estimated lost sales at $1.3 billion stating that...
Source: Gizmodo
Nintendo has already gone on record stating that the Wii shortages have been a detriment to the company—that they've lost out on potential sales since much of Nintendo's target casual gaming audience won't bother with it down the line..James Lin, senior analyst at the MDB Capital Group, puts the estimated lost sales at $1.3 billion stating that...
Source: Gizmodo
What’s More Costly Than Iraq? Illegal Immigration
What’s More Costly Than Iraq? Illegal Immigration
According to some statistics provided in a post, the total cost that illegal immigration for US is a whooping $338.3 billion a year. This includes amount spend on welfare for illegal aliens, food assistance programs, Medicaid, primary & secondary education and so on...
According to some statistics provided in a post, the total cost that illegal immigration for US is a whooping $338.3 billion a year. This includes amount spend on welfare for illegal aliens, food assistance programs, Medicaid, primary & secondary education and so on...
Tax avoidance by UK's super-rich 'worth £13bn'
Tax avoidance by UK's super-rich 'worth £13bn'
January 27 2008
Tax avoidance by the super-rich costs the British taxpayer £13bn a year - enough money to increase old-age pensions by 20 per cent, according to a study.
The study, commissioned by the TUC and to be published later this week, estimates the Treasury annually misses out on £3.8bn through the controversial non-domicile tax laws, which allow those with overseas connections to escape tax on their income. So called 'income shifting' by millionaires, which includes placing wealth in the name of a spouse or setting up a limited company to shield income, costs the UK £3.2bn. Tax planning and other loopholes account for the remaining £6bn.
Full report here
January 27 2008
Tax avoidance by the super-rich costs the British taxpayer £13bn a year - enough money to increase old-age pensions by 20 per cent, according to a study.
The study, commissioned by the TUC and to be published later this week, estimates the Treasury annually misses out on £3.8bn through the controversial non-domicile tax laws, which allow those with overseas connections to escape tax on their income. So called 'income shifting' by millionaires, which includes placing wealth in the name of a spouse or setting up a limited company to shield income, costs the UK £3.2bn. Tax planning and other loopholes account for the remaining £6bn.
Full report here
Thursday, January 24, 2008
Guitar Hero Series Grosses $1 bBillion in Sales
In just over 2 years, the Guitar Hero series has grossed $1 billion in sales. Yes, Austin Powers fans, that’s a Billion!
Guitar Hero was the first video game in the series for the PlayStation 2
Guitar Hero was the first video game in the series for the PlayStation 2
Thursday, January 17, 2008
OpenID: The Next Quarter-Billion Identities
OpenID: The Next Quarter-Billion Identities
It’s been less than three years since the OpenID initiative first launched, and today more than one-third of a billion identities have been enabled.
That’s thanks to some amazing news: Yahoo has announced that its nearly 250 million users will be able to start using their Yahoo identities as OpenID identities starting on January 30.
More from here
It’s been less than three years since the OpenID initiative first launched, and today more than one-third of a billion identities have been enabled.
That’s thanks to some amazing news: Yahoo has announced that its nearly 250 million users will be able to start using their Yahoo identities as OpenID identities starting on January 30.
More from here
A 100 billion plastic shopping bags
According to The Wall Street Journal, the U.S. goes through 100 billion plastic shopping bags annually.
So, it's probably a good idea to recycle a few.
See this post for more
So, it's probably a good idea to recycle a few.
See this post for more
Saturday, January 12, 2008
Bono Defends His Billion-Dollar Business
Bono Defends His Billion-Dollar Business
Rocker Bono has defended his decision to set up a $1.9 billion investment company, insisting it doesn't contradict his image as a poverty-campaigner. The U2 frontman is one of five co-founders of Elevation Partners - named after one of the band's songs - which has a $1.9 billion fund and recently invested $250 million into American magazine Forbes, which openly describes itself as a "capitalist tool."
More from here
Rocker Bono has defended his decision to set up a $1.9 billion investment company, insisting it doesn't contradict his image as a poverty-campaigner. The U2 frontman is one of five co-founders of Elevation Partners - named after one of the band's songs - which has a $1.9 billion fund and recently invested $250 million into American magazine Forbes, which openly describes itself as a "capitalist tool."
More from here
IBM's Billion-Dollar Security Push
Inside IBM's Billion-Dollar Security Push
By Sean Michael Kerner, Enterprise IT Planet
December 31, 2007
At the time Big Blue unveiled its big security plans in November 2007, it gave some indication as to how the money would be spent in developing new technologies and products. The announcement, however, represents just the tip of the iceberg: The company's new vision has far deeper implications that may well transform the nature of IBM itself. Kris Lovejoy, IBM's director of corporate security strategy, outlined a number of the changes taking place at the company in its effort to make good on its sweeping goals in the security space
More from this report
By Sean Michael Kerner, Enterprise IT Planet
December 31, 2007
At the time Big Blue unveiled its big security plans in November 2007, it gave some indication as to how the money would be spent in developing new technologies and products. The announcement, however, represents just the tip of the iceberg: The company's new vision has far deeper implications that may well transform the nature of IBM itself. Kris Lovejoy, IBM's director of corporate security strategy, outlined a number of the changes taking place at the company in its effort to make good on its sweeping goals in the security space
More from this report
Clean Energy Market Cap Surpasses $1 Trillion
Renewable energy as a whole broke the $1 trillion barrier last year as its entire market cap grew to $1.3 trillion. That growth will certainly continue as proven technologies and processes emerge and M&A and IPO activity increases.
More from this post that dwells a lot on the investment scenario in clean and green energy
More from this post that dwells a lot on the investment scenario in clean and green energy
Thursday, January 10, 2008
$3 Quadrillion Lawsuit by Katrina Victim Sues U.S. for
Katrina victim sues U.S. for $3 quadrillion
Jan. 9, 2008: One Hurricane Katrina victim is seeking $3 quadrillion from the U.S. government. MSNBC's Willie Geist reports.
NEW ORLEANS - Hurricane Katrina's victims have put a price tag on their suffering and it is staggering — including one plaintiff seeking the unlikely sum of $3 quadrillion.
The total number — $3,014,170,389,176,410 — is the dollar figure so far sought from some 489,000 claims filed against the federal government over damage from the failure of levees and flood walls following the Aug. 29, 2005, hurricane.
Of the total number of claims, the U.S. Army Corps of Engineers said it has received 247 for at least $1 billion apiece, including the one for $3 quadrillion.
More here
Jan. 9, 2008: One Hurricane Katrina victim is seeking $3 quadrillion from the U.S. government. MSNBC's Willie Geist reports.
NEW ORLEANS - Hurricane Katrina's victims have put a price tag on their suffering and it is staggering — including one plaintiff seeking the unlikely sum of $3 quadrillion.
The total number — $3,014,170,389,176,410 — is the dollar figure so far sought from some 489,000 claims filed against the federal government over damage from the failure of levees and flood walls following the Aug. 29, 2005, hurricane.
Of the total number of claims, the U.S. Army Corps of Engineers said it has received 247 for at least $1 billion apiece, including the one for $3 quadrillion.
More here
Wednesday, January 9, 2008
Google's $100 Billion Revenue Aim - Strategy or Hype?
Google Aiming for $100 Billion of Revenue
At Google's analyst day two years ago, CEO Eric Schmidt made a clever remark about Google laying the foundation to become "a hundred-billion dollar company." He wouldn't clarify whether he was referring to a "$100 billion market cap," which Google had already attained, or "$100 billion of revenue."
In a recent New Yorker article, Schmidt clarified the company's ambitions: He means $100 billion in revenue. And what engine will drive Google there? Mobile phones...
Read more on this from this interesting article @ Silicon Alley Insider
At Google's analyst day two years ago, CEO Eric Schmidt made a clever remark about Google laying the foundation to become "a hundred-billion dollar company." He wouldn't clarify whether he was referring to a "$100 billion market cap," which Google had already attained, or "$100 billion of revenue."
In a recent New Yorker article, Schmidt clarified the company's ambitions: He means $100 billion in revenue. And what engine will drive Google there? Mobile phones...
Read more on this from this interesting article @ Silicon Alley Insider
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