The U.S. commercial paper market expanded after four weeks of contraction, but remains about half the size it was before the global credit crisis, Federal Reserve data showed on Thursday.
For the week ended Sept. 22, the size of the U.S. commercial paper market, a vital source of short-term funding for companies' day-to-day operations, rose by $27.8 billion to $1.064 trillion outstanding, up from $1.036 trillion the previous week.
http://www.reuters.com/article/idINWNA034820100923?rpc=44
Thursday, September 23, 2010
Newark, NJ, schools to get $100M Facebook donation - AP News
NEWARK, N.J. (AP) -- Mark Zuckerberg, the 26-year-old wunderkind behind Facebook is making a move to become a player in philanthropy just before the opening of a film that portrays him as less than charitable.
The recipient of his $100 million donation -- thought to be the biggest of his young life -- is the Newark public schools, a long-struggling district that could use the money to become a laboratory for reforms.
The donation is being announced Friday on Oprah Winfrey's TV show in an arrangement that brings together the young Internet tycoon, Newark's celebrated Democratic mayor and a governor who has quickly become a star of the Republican party.
The unusual coalition is more evidence of the growing cache of the cause of remaking urban public schools, an issue that has long confounded educators and advocates.
http://finance.yahoo.com/news/Newark-NJ-schools-to-get-100M-apf-1298287169.html?x=0&sec=topStories&pos=5&asset=&ccode=
The recipient of his $100 million donation -- thought to be the biggest of his young life -- is the Newark public schools, a long-struggling district that could use the money to become a laboratory for reforms.
The donation is being announced Friday on Oprah Winfrey's TV show in an arrangement that brings together the young Internet tycoon, Newark's celebrated Democratic mayor and a governor who has quickly become a star of the Republican party.
The unusual coalition is more evidence of the growing cache of the cause of remaking urban public schools, an issue that has long confounded educators and advocates.
http://finance.yahoo.com/news/Newark-NJ-schools-to-get-100M-apf-1298287169.html?x=0&sec=topStories&pos=5&asset=&ccode=
Fed's Hint at Further Easing Leaves Wall Street Guessing - CNBC
The Fed's FOMC statement Tuesday managed to disappoint, confuse and surprise more than a few Wall Street analysts.
"It's being inconsistent, not transparent and not truthful," said FAO Economics chief economist Robert Brusca. "What's really going on here?"
Depending on whom you asked, the central bank either said too much, too little or said it poorly in the follow-up statement to its August release when the FOMC got Wall Street's attention by saying it was prepared to buy more long-term Treasurys to support a languid economic recovery.
"They have to do a better job of communicating," said Wells Fargo senior economist Scott Anderson. "The markets abhor the vacuum of uncertainty around QE2," he added, referring to the cute market acronym for a second stage of quantitative easing, which the Fed opened the door to a month ago.
"The market wanted to hear more," added longtime fed watcher David Jones, of DMJ Advisors. "The market jumped to the conclusion the Fed was going to do another massive quantitative easing."
In that context, if the August statement was a success, the September is a failure.
http://finance.yahoo.com/news/Feds-Hint-at-Further-Easing-cnbc-1971914915.html?x=0
"It's being inconsistent, not transparent and not truthful," said FAO Economics chief economist Robert Brusca. "What's really going on here?"
Depending on whom you asked, the central bank either said too much, too little or said it poorly in the follow-up statement to its August release when the FOMC got Wall Street's attention by saying it was prepared to buy more long-term Treasurys to support a languid economic recovery.
"They have to do a better job of communicating," said Wells Fargo senior economist Scott Anderson. "The markets abhor the vacuum of uncertainty around QE2," he added, referring to the cute market acronym for a second stage of quantitative easing, which the Fed opened the door to a month ago.
"The market wanted to hear more," added longtime fed watcher David Jones, of DMJ Advisors. "The market jumped to the conclusion the Fed was going to do another massive quantitative easing."
In that context, if the August statement was a success, the September is a failure.
http://finance.yahoo.com/news/Feds-Hint-at-Further-Easing-cnbc-1971914915.html?x=0
Chinese Leader Fields Executives’ Questions
When Bill Gates confronts the prime minister of China on the need to honor software copyrights, it helps to have a referee — say, a Henry Kissinger — to moderate the debate.
That, in fact, is what happened at the Waldorf-Astoria Hotel on Wednesday morning in Midtown Manhattan.
In a remarkable 90-minute meeting, with Mr. Kissinger playing M.C., Mr. Gates and other heavyweight executives and economists from the West engaged Prime Minister Wen Jiabao. He listened patiently, and often volleyed back, on topics including currency and trade policies, foreign investment and whether China needed to improve its social safety net.
Others in the circle — literally a large ring of a few dozen chairs — included Jamie Dimon, the head of JPMorgan Chase; Lloyd C. Blankfein, the Goldman Sachs chief; Joseph Stiglitz, winner of the Nobel in economics; Kenneth I. Chenault, chairman and chief of American Express; and PepsiCo’s chief executive, Indra K. Nooyi.
China’s top leaders rarely meet Western executives. But Mr. Wen, in New York for a session of the United Nations General Assembly, agreed to sit down with the group, possibly in the hope of helping ease growing tensions between the United States and China over various issues.
http://finance.yahoo.com/news/Chinese-Leader-Fields-nytimes-3477287037.html?x=0&sec=topStories&pos=7&asset=&ccode=
That, in fact, is what happened at the Waldorf-Astoria Hotel on Wednesday morning in Midtown Manhattan.
In a remarkable 90-minute meeting, with Mr. Kissinger playing M.C., Mr. Gates and other heavyweight executives and economists from the West engaged Prime Minister Wen Jiabao. He listened patiently, and often volleyed back, on topics including currency and trade policies, foreign investment and whether China needed to improve its social safety net.
Others in the circle — literally a large ring of a few dozen chairs — included Jamie Dimon, the head of JPMorgan Chase; Lloyd C. Blankfein, the Goldman Sachs chief; Joseph Stiglitz, winner of the Nobel in economics; Kenneth I. Chenault, chairman and chief of American Express; and PepsiCo’s chief executive, Indra K. Nooyi.
China’s top leaders rarely meet Western executives. But Mr. Wen, in New York for a session of the United Nations General Assembly, agreed to sit down with the group, possibly in the hope of helping ease growing tensions between the United States and China over various issues.
http://finance.yahoo.com/news/Chinese-Leader-Fields-nytimes-3477287037.html?x=0&sec=topStories&pos=7&asset=&ccode=
Wednesday, August 25, 2010
Race to the Finnish line...
Intel and Nokia and the University of Oulu today officially opened the Intel and Nokia Joint Innovation Centre, their first joint research centre. The University of Oulu in Finland is an international scientific community known for high-quality research and education that provides experts for demanding tasks on both national and international level. The lab will focus on creating new and compelling Internet user experiences that leverage the rapidly increasing processing and graphics power of mobile devices. The first such research project looks to use graphical 3D technology to create "immersive mobile interfaces".
Tuesday, August 24, 2010
Salt Lake City spin off's.... and start-up's...
"To Start A Spinoff Biz, Look To Utah by Jenny Brundin, NPR News - August 24, 2010 from KUER radio - When it comes to creating new start-ups from academic research, only MIT compares to the University of Utah — despite the fact that MIT's research budget is five times larger. Now officials from colleges around the country are flocking to Salt Lake City to learn how the school turns inventions into jobs, and profits." ( read and listen to the whole story here ) http://www.npr.org/templates/story/story.php?storyId=129385576
Speedy says the University of Utah is ranked #1 in university start-ups. They didn’t achieve its status by chance. And one of their key strategies focuses on developing and maintaining a top-notch executive-in-residence program, housed in the Pierre Lassonde Entrepreneur Center.
Speedy says the University of Utah is ranked #1 in university start-ups. They didn’t achieve its status by chance. And one of their key strategies focuses on developing and maintaining a top-notch executive-in-residence program, housed in the Pierre Lassonde Entrepreneur Center.
It's actually about a lawsuit... not stem cells...
"NIH cannot fund embryonic stem cell research, judge rules
By Rob Stein and Spencer S. HsuWashington Post Staff WriterTuesday, August 24, 2010;
A federal judge on Monday blocked the Obama administration from funding human embryonic stem cell research, ruling that the support violates a federal law barring the use of taxpayer money for experiments that destroy human embryos. "
Speedy says it's actually about a lawsuit by James L. Sherley and Theresa Deisher, researchers who study adult stem cells. The pair argued that the new administration's guidelines would "result in increased competition for limited federal funding," hindering their plans to seek money for other research. So they are suing because they may not get federal grant money. So does that mean we can all sue in order to get money that we think we should be getting ?
( read whole WAPO article here )http://www.washingtonpost.com/wp-dyn/content/article/2010/08/23/AR2010082303448.html
By Rob Stein and Spencer S. HsuWashington Post Staff WriterTuesday, August 24, 2010;
A federal judge on Monday blocked the Obama administration from funding human embryonic stem cell research, ruling that the support violates a federal law barring the use of taxpayer money for experiments that destroy human embryos. "
Speedy says it's actually about a lawsuit by James L. Sherley and Theresa Deisher, researchers who study adult stem cells. The pair argued that the new administration's guidelines would "result in increased competition for limited federal funding," hindering their plans to seek money for other research. So they are suing because they may not get federal grant money. So does that mean we can all sue in order to get money that we think we should be getting ?
( read whole WAPO article here )http://www.washingtonpost.com/wp-dyn/content/article/2010/08/23/AR2010082303448.html
Is Burma on the verge of transformation?
Is Burma on the verge of transformation?
By David I. SteinbergSaturday, August 21, 2010; A13
The United States decided this week to support the creation of a United Nations commission of inquiry into the Burmese military regime's crimes against humanity and war crimes. That human rights violations have occurred is clear, and many have noted that the Burmese junta's restrictions on its upcoming elections make it all but certain the generals will retain power. The real dilemma is whether it is better to express moral outrage at these offenses or to hold off, presuming the possibility of eventual change under a new government.
( read complete article here )http://www.washingtonpost.com/wp-dyn/content/article/2010/08/20/AR2010082005021.html
By David I. SteinbergSaturday, August 21, 2010; A13
The United States decided this week to support the creation of a United Nations commission of inquiry into the Burmese military regime's crimes against humanity and war crimes. That human rights violations have occurred is clear, and many have noted that the Burmese junta's restrictions on its upcoming elections make it all but certain the generals will retain power. The real dilemma is whether it is better to express moral outrage at these offenses or to hold off, presuming the possibility of eventual change under a new government.
( read complete article here )http://www.washingtonpost.com/wp-dyn/content/article/2010/08/20/AR2010082005021.html
U.S. supports creation of U.N. commission of inquiry into war crimes in Burma
U.S. supports creation of U.N. commission of inquiry into war crimes in Burma
By John PomfretWednesday, August 18, 2010; A08
The Obama administration decided Tuesday to support the creation of a United Nations commission of inquiry into crimes against humanity and war crimes in Burma, a sign of a tougher U.S. policy against a regime long accused of murdering and raping its political foes.
( read complete article here ) http://www.washingtonpost.com/wp-dyn/content/article/2010/08/17/AR2010081706026.html
By John PomfretWednesday, August 18, 2010; A08
The Obama administration decided Tuesday to support the creation of a United Nations commission of inquiry into crimes against humanity and war crimes in Burma, a sign of a tougher U.S. policy against a regime long accused of murdering and raping its political foes.
( read complete article here ) http://www.washingtonpost.com/wp-dyn/content/article/2010/08/17/AR2010081706026.html
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