It will be good for consumers though as the fierce competition will push margins down on hardware and increase the development of the technical advances but for the overpriced stocks of Amazon, GOOG and AAPL it will be an additional burden.
4. I am afraid Bernanke will be confirmed today as Jupiter is in an good angle to his sun and the New Moon was close to his birthday ( late birthday present 13th Dec.) - just firing him would not change anything since whoever would replace him obeys the same master. The FED system is rotten as they are owned by the banks and are not working for the government per se. The timing of the 'Time ' announcement was also very interesting as it came just before the hearing of the votes.
5. Shame on you - a 26$ software can hack into the most advanced spying technology?
Insurgents Hack U.S. Drones
$26 Software Is Used to Breach Key Weapons in Iraq; Iranian Backing Suspected
WASHINGTON -- Militants in Iraq have used $26 off-the-shelf software to intercept live video feeds from U.S. Predator drones, potentially providing them with information they need to evade or monitor U.S. military operations.
Senior defense and intelligence officials said Iranian-backed insurgents intercepted the video feeds by taking advantage of an unprotected communications link in some of the remotely flown planes' systems. Shiite fighters in Iraq used software programs such as SkyGrabber -- available for as little as $25.95 on the Internet -- to regularly capture drone video feeds, according to a person familiar with reports on the matter.