Monthly Archives: August 2015

Google ordered to remove links to stories about Google removing links to stories

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“The UK’s Information Commissioner’s Office (ICO) has ordered Google to remove links from its search results that point to news stories reporting on earlier removals of links from its search results. The nine further results that must be removed point to Web pages with details about the links relating to a criminal offence that were removed by Google following a request from the individual concerned. The Web pages involved in the latest ICO order repeated details of the original criminal offence, which were then included in the results displayed when searching for the complainant’s name on Google. Understandably, Google is not very happy about this escalation of the EU’s so-called ‘right to be forgotten’.”

http://arstechnica.com/tech-policy/2015/08/google-ordered-to-remove-links-to-stories-about-google-removing-links-to-stories/

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Unicorns Hunt for Talent Among Silicon Valley’s Giants

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“The unicorns, a class of hot start-ups valued at $1 billion or more, are all aggressively pursuing the best and brightest minds in Silicon Valley with promises of talked-about workplaces and eye-popping payouts. Amid a general scramble for talent, Google, the Internet search company, has undergone specific raids from unicorns for engineers who specialize in crucial technologies like mapping.  In particular, Uber — the largest unicorn, with a valuation of more than $50 billion — has plundered Google’s mapping unit over the last 12 months, aiming to bolster its own map research. The recruiting is not confined to the best engineers; sometimes it spills over to nontechnical employees too.”

http://www.nytimes.com/2015/08/19/technology/unicorns-hunt-for-talent-among-silicon-valleys-giants.html

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More Dangerous Than Iran?

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“At least two-thirds of the Pakistani population considers the United States an enemy, making it one of the largest hotbeds of anti-American sentiment in the world.  The country’s extreme poverty, Muslim extremism, religious hatreds and periodic political upheavals are, in many ways, reminiscent of the conditions prior to the overthrow of the Shah of Iran, once America’s staunchest ally in the region.  Most worrisome of all, Pakistan is a nuclear power with 12 times as many nuclear warheads as North Korea.  Like North Korea, it has never signed the global Treaty of the Non-Proliferation of Nuclear Weapons. But unlike North Korea, it has the ability to drop its bombs on its enemies.”

http://www.moneyandmarkets.com/dangerous-iran-72830

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Your chance to read a secret Pentagon document

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“This document shows that the U.S. and its allies have supported Al-Qaeda associated elements in Syria, even though they knew this would lead to the rise of ISIS and the creation of an Islamic State in Syria.  The Obama administration was warned in advance by the Defense Intelligence Agency that this policy would assist Al-Qaeda and ISIS while endangering the U.S. backed government in Iraq.”

https://downsizedc.org/blog/your-chance-to-read-a-secret-pentagon-document

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Oil Goes Down, Bankruptcies Go Up

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“With oil prices closing today below $42 a barrel, the edifice of America’s oil and gas boom is finally crumbling. The number of companies in bankruptcy or restructuring has increased, and the clouds will only grow darker in the months ahead. Declining revenues, evaporating earnings and shrinking values of oil and gas reserves will put the crunch on oil companies’ ability to refinance loans, let alone borrow new cash or sell shares.  So who will be next to fall? The list of troubled companies slumping toward Chapter 11 is growing.”

http://www.forbes.com/sites/christopherhelman/2015/08/17/as-oil-goes-down-bankruptcies-go-up-these-5-frackers-could-be-the-next-to-fall/print/

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John Hussman: Debt-Financed Buybacks Have Quietly Placed Investors On Margin

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“Not only is the equity market at the second most overvalued point in U.S. history, it is also more leveraged against probable long-term corporate cash flows than at any previous point in history. As we observed during the housing bubble, yield-seeking by investors opens the door to every form of malinvestment. The best way to create a debt-financed wave of speculative and unproductive activity is to starve investors of safe return. In 2000 that wave of speculation focused on technology. The next Fed-induced wave of speculation focused on mortgage securities, which financed a housing bubble. In our view, [in the current cycle,] it has been debt-financed corporate equity purchases.”

http://www.hussmanfunds.com/wmc/wmc150817.htm

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Stan Druckenmiller’s Massive Bet on Gold

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“Druckenmiller is one of the world’s most successful and respected traders. As a hedge fund manager from 1986 to 2010, he generated an incredible average annual return of 30%.  Druckenmiller was also George Soros’s right-hand man at Quantum, Soros’s famed hedge fund. Quantum’s now legendary 1992 trade shorting the British pound was Druckenmiller’s idea. It made Quantum about $1 billion. People say the trade ‘broke the Bank of England.’  Druckenmiller’s fund recently bought $300 million worth of SPDR Gold Trust (GLD), an ETF that tracks the price of gold. It’s a huge bet, even for a big-time trader like Druckenmiller. He put 20% of his fund’s money into this trade; it’s his largest position.”

http://www.caseyresearch.com/articles/this-pig-just-made-a-massive-bet-on-gold

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Airbus patents plane that could fly from Paris to Tokyo in three hours

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“Airbus has won a patent for a hypersonic passenger plane, but Concorde’s hydrogen-powered successor is unlikely to leave the drawing board any time soon.  The proposed aeroplane would cut the journey time from Paris to Tokyo from 12 to under three hours. The idea, first published in 2011, is to use three different kinds of engine power to jump above the atmosphere while still using regular runways for takeoff. It has now won approval from the US Patent Office.  The concept comes as commercial space companies such as Virgin Galactic pursue plans for low-level space flights. Airbus’s proposed plane has ‘gothic delta wings’ that echo the elegant curves of Concorde.”

http://www.theguardian.com/business/2015/aug/05/airbus-patents-hypersonic-plane-paris-tokyo-three-hours

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This $21,700 Land Rover Lookalike to Go on Sale in China

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“A sport utility vehicle that bears an uncanny resemblance to the Land Rover Evoque will go on sale in China this week at a third of its sticker price.  More than 5,500 people have put down deposits for the Landwind X7, which will be available in dealerships from Thursday at a starting price of 135,000 yuan ($21,700). The Evoque, which is Jaguar Land Rover’s best-selling model worldwide, retails from 398,000 yuan. Both models feature similar broad fenders, recessed door panels and a sloping roof. Jaguar Land Rover Chief Executive Officer Ralf Speth railed at what he called the the rise of Chinese ‘copy-and-paste‘ jobs earlier this year at the Shanghai auto show.”

http://www.bloomberg.com/news/articles/2015-08-04/this-21-700-land-rover-lookalike-to-go-on-sale-in-china

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Visa to Deploy Blockchain Research Team in Bangalore, India

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“Visa, the world’s largest payment network, will soon deploy a team of developers in Bengaluru (Bangalore), India, to use blockchain technology to improve its digital payments processes, Live Mint reports.  Last week Visa announced the opening of its new technology development center in Bangalore, which will host 1,000 fintech engineers and play a central role in the company’s efforts to accelerate digital commerce globally. As part of the opening ceremonies, Visa announced mVisa, a new mobile payment service that will be tested this summer with merchants across the Bangalore region and with customers of Axis Bank, HDFC Bank, ICICI Bank, and SBI (State Bank of India).”

https://bitcoinmagazine.com/21547/visa-deploy-blockchain-research-team-bangalore-india/

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