Wednesday, July 08, 2015

Economy

Microsoft cuts 7,800 jobs and takes $7.6 billion write-down on Nokia. Sell Americans that great new Nokia 105 feature phone for $20.

China's crash has wiped out $3.5 trillion of paper wealth.

New York Stock Exchange suspends trading, blaming software glitch. The same for United Airlines and the Wall Street Journal. Nothing to see here. Move along.

My prediction of Apple's impending crash has already started with Apple dropping 9 percent since May.

Book examines the economics of Star Trek.

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