Month April 2008

Maricopa AZ real estate implodes

a completely artificial construct based on cheap water, cheap gas and cheap mortgages. It is now disintegrating,… That’s what happens when thousands of homes are built in the middle of nowhere with no supporting infrastructure or shopping and sold with…

Australian brokerage collapses

What’s worse, Opes Prime apparently was deliberately making false entries to keep high net-worth accounts from facing massive margin calls – this on orders from the CEO who has now had his passport held. Unbelievably, the fine print in margin…

Penn purged

Mark Penn has stepped aside as chief strategist in the wake of revelations that he lobbied on behalf of a trade treaty with Colombia that Senator Hillary Rodham Clinton opposes. Except he’ll still be giving advice. So how gone is…

Superfast internet coming

Born from the need to have massive networked processing power available when the Large Hadron Collider goes live at Cern, this next-gen Internet is 10,000 times faster than broadband. Yes!