Bob Morris on Jul 31, 2009, 9:16 pm Capco, who insures deep pocket investors against the collapse of a brokerage firm, may be facing $11 billion in claims over the fall of Lehman with only $150 million to pay it with. If Capco can’t pay out the claims and files for bankruptcy, several customers said they would bring lawsuits against the other [...] Bob Morris on Jul 31, 2009, 5:15 pm He says Goldman occupies a gray area between public and private, unlike anything since Standard Oil. They have enormous influence with the government, one major reason is they have so many former employees in high-ranking regulatory agency positions. All the appearance is that Goldman gets whatever they want from the government, and that securities [...] Bob Morris on Jul 31, 2009, 12:45 pm On Wednesday a [Mexican] federal joint task force raided Pemex security offices on the sixth and seventh floors of the $100 billion state-controlled company, seizing all computers and racks of documents as part of its investigation into the theft of some $70 to $90 million of oil and fuel from Pemex pipelines over the past [...] Bob Morris on Jul 31, 2009, 8:05 am Really, what could go wrong in the Trading Matrix? Move along now, everything is fine. HFT can and does destabilize markets, like when an algo goes haywire or all the trades trend one way for no apparent reason. This is one reason I’m not trading much now, or even buying long-term. The markets, to [...] Bob Morris on Jul 31, 2009, 5:30 am Economist and terrorism expert Loretta Napoleoni researched terrorist groups and found most of what they do is raise money. She also discovered that the life of a terrorist was not ruled by politics or ideology, but by economics. They were constantly searching for cash. Terrorism, she explains, is actually a very expensive business — [...] Bob Morris on Jul 31, 2009, 2:15 am Our pal, author Wood Ingham in Wales, has just published Memory Sticks in pdf and print, and the gods at io9 have given it a favorable review. At what point does the use of technology diminish your humanity? Wood Ingham gets deep into the human-computer interface in his new novella Memory Sticks. It becomes [...] Bob Morris on Jul 31, 2009, 12:15 am Japanese scientists have invented a lithium-air battery with mega-capacity. Drivers will be able to swap out part of the battery quickly and be driving again without waiting to recharge. Bob Morris on Jul 30, 2009, 7:05 pm Australian Gnome Convention member rescuing cement gnomes An elderly resident of New South Wales died. The executor found 1500 cement garden gnomes in the deceased’s back yard. He contacted the Australian Gnome Convention. They traveled 800 kilometers to pick up the gnomes, which will be refurbished and displayed at their 2010 convention. [...] Bob Morris on Jul 30, 2009, 3:30 pm Arizona is broke. So legislators might sell the House and Senate buildings, then lease them back. Gosh, what could go wrong with that? Maybe they should ask Los Angeles and San Francisco about what happened when they did leasebacks on their public transportation. Bob Morris on Jul 30, 2009, 12:45 pm RentaGreenBox manufactures plastic moving boxes from recycled trash found in landfills. When you’re moving, just tell them how many boxes you need. They deliver, then pick them up after you move. In trucks powered by biofuel, no less. Not only is this way environmentally cool, they claim it saves money. For example, you can [...] | IVN articles by Bob Morris
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