Women are (relatively) few and far between in the tech industry. They make up less than 10% of venture capitalists, and they leave the industry at twice the rate of men, according to a recent study by the Kauffman Foundation. There's also a shortage of women pursuing engineering, particularly s... Read more...
As recently as eight years ago, Microsoft had a monopoly on the internet connected computers of the world. Today, not so much. This chart comes from Goldman Sachs, and it shows Microsoft losing its market dominance of computing devices as smartphones and tablets have come into the market. It's c... Read more...
And now comes some news about the Facebook (FB) IPO that buyers deserve to be outraged about. Reuters' Alistair Barr is reporting that Facebook's lead underwriters, Morgan Stanley (MS), JP Morgan (JPM), and Goldman Sachs (GS) all cut their earnings forecasts for the company in the middle of the... Read more...
Revisiting the Wikileaks Stratfor trove, we get an inkling of how politics work in America, circa 2008. An internal email exchange at the intelligence front operation (with honest to god CIA cronies) reveals vote fraud in Ohio and Philadelphia during the election. Obama’s use of thugs to inti... Read more...
Thanks to America's overwhelmed oil pipelines, some lucky drivers in the Rockies are getting a big discount on gas. Right now, it's very, very good to be a commuter in Colorado. Gas prices have been on the rise for the past two months, as the international game of chicken between the West and Ira... Read more...
JP Morgan (JPM) is the largest processor of food stamp benefits in the United States. JP Morgan has contracted to provide food stamp debit cards in 26 U.S. states and the District of Columbia. JP Morgan is paid for each case that it handles, so that means that the more Americans that go on food ... Read more...
When Hurricane Katrina devastated one of New Orleans’ oldest public housing developments, families were displaced and job opportunities became scarce. Goldman Sachs’ Urban Investment Group joined with an experienced developer, McCormack Baron Salazar, to destroy the neighborhood and displ... Read more...
Consumer technology companies reporting financial results this week are looking like rowboats bobbing in the wake of Apple Inc.'s supertanker. Close to oblivion in 1997, Apple is now the world's second-most valuable company, after Exxon Mobil Corp. On April 20, it reported net income of $5.99 b... Read more...
Over drinks at a bar on a dreary, snowy night in Washington this past month, a former Senate investigator laughed as he polished off his beer. "Everything's fucked up, and nobody goes to jail," he said. "That's your whole story right there. Hell, you don't even have to write the rest of it. Jus... Read more...