American Airlines, US Airways Strike A Deal To Merge Into The World’s Biggest Airline: http://finance.yahoo.com/news/report-american-airlines-us-airways-162924491.html (via Business Insider)
New Technology to Watch as phones and audio devices expand into the watch world.
The Galaxy Gear smartwatch, with a 1.67-inch OLED display, serves as a watch, a pedometer, a voice recorder, and a 2-megapixel camera/camcorder. When paired with the Note 3 via Bluetooth 4.0, this wrist-strapped device can make and take phone calls, send and receive text messages, and access Samsung’s Siri-like S-Voice assistant to make appointments, dictate messages, and more.
The Note 3 offers significant improvements over its successor: a larger, higher-definition display; a faster processor; a higher-capacity battery; and all of the advanced wireless sharing and gesture controls available on the Galaxy S 4.
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These are some insane numbers to think about: (nearly) all 3 of the firms who invested in Twitter early on will make 2x their entire FUND in returns on the Twitter IPO. Talk about a bet paying off big time. Comment on this post and others you love. Finally, comments on Tumblr posts! Learn how. Posted by Patrick Hannigan.
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With everyone’s attention turning to the debt ceiling X-Date of October 17 (or sooner now that the Pentagon is once again spending money like a drunken sailor following the recall of 400,000 workers or half of the total number fuloughed), some are wondering why is the stock market not reacting more violently. The generic response that has formed is that despite all the feamongering by Obama and the Treasury, even crossing the X-Date will hardly result in the apocalyptic outcome that so many predict as the Treasury can “prioritze payments”, i.e., paying some bills and not others, which as we explained before, means paying down debt obligations first, and everything else - whose non-payment does not constitute an event of default under US debt - last. In other words, if the US were to merely live within its means, it should have no problem remaining current on its interest expense even if that means slashing most other government programs.
Continued
This is a review of the weeks news in the financial market as well as tips for investing and managing your financial assets.
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