Take Both Econ, Techies Seriously

Martin Ford, software CEO and author of a new (bad) book on how automation may destroy our economy, is right about one thing : Among people who work in the field of computer technology, it is fairly routine to speculate about the likelihood that computers will someday approach, or possibly even exceed, human beings in general capability and intelligence. … While technologists are actively thinking about, and writing books about, intelligent machines, the idea that technology will ever truly

Dandelion Salad’s Tweets

Dandelion SaladBy Mike Whitney October 28, 2009 “Information Clearing House“Interview with Michael D. Yates and Fred Magdoff 1. Mike Whitney—In your new book, “The ABCs of the Economic Crisis: What Working People Need to Know”, you allude to right wing think tanks, like the Heritage Foundation and the American Enterprise Institute, which promote a “free market” ideology. How successful have these organizations been in shaping public attitudes about capitalism? Do you think that attitudes are beg

SP upgrades Palm credit rating

Standard Poor’s Ratings Services has upgraded Palm’s credit rating to the level of CCC+ , a single notch away from no longer being considered a dangerous speculative play in the stock market. The upgrade comes as a result of Palm’s expanding webOS portfolio (with the Pixi on the way in less than three weeks) and the company’s recent secondary stock offering that raised some $360 million for operations. A CCC+ rating is considered to still be in the highly speculative realm where the com

How I Found Out That God Bowls On Monday Evenings at 7

I grew up in a little town named Auburn in the foothills of the Sierra Nevada mountains. On Sundays we faithfully attended the Pioneer Methodist Church, directly across the street from Harry Sand’s Chapel of the Hills Funeral Home . My folks were married in that church in September of 1929, a fact which had nothing to do with the crash of the stock market the following month. Of course I couldn’t know then that my parents 50th anniversary reception would be held in that church, and five years a

October 28, 2009 Stock Market Recap

It was a bloodbath today, especially in small caps and Nasdaq stocks. Midday I was surprised at how many stocks were popping up on my scanner which were down between 4 and 9%. There was a lot of technical damage done as many stocks and indices broke their 50-day moving averages. ( T2108 plunged all the way down to 25 today.) Volume surged across the board and every sector was down on the day . We're also starting to see October lows get broken. The Russell 2000 did just that today and in

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