It would be a “moral disaster” if the United States were to default on its debts and become unable to pay its obligations, Jamie Dimon said at an appearance in Colorado Thursday evening. The U.S. is the financial linchpin of the world, and the economic effects of the U.S. defaulting could be “potentially catastrophic,” he said at a dinner for the University of Colorado Denver Business School. “It will dwarf Lehman,” Dimon said. [HP]
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via guestofaguest.com:Today we meet the girl that was sentenced to prison for having a Facebook account in Iran, we check out the world’s most expensive shoes, and we get stylish tips from Glen O’Brien. Plus, inside a Kardashian closet. Also: Royal Wedding Fever has reached epidemic proportions in the UK! MORE>>
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Despite reports by Charlie Gasparino, who said he’s heard from friends of Lloyd that he “might be planning to step down by the end of the year,” GS has reassured the world that LB will be with us for many years to come, and possibly even longer, if Lucas van Praag can get him to agree to be cryogenically frozen. Future generations shouldn’t be punished for not being born in his lifetime. [Reuters]
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via guestofaguest.com: There is unrest in Libya, a major earthquake in New Zealand, and pirates killing Americans. Guess what people actually cared about more today? Justin Bieber's new haircut! Yes this is the world we live in… MORE>>[...]
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via guestofaguest.com: In the last 24 hours, Britney debuted a new music video, Radiohead a new album, and Paris Hilton turned 30. Plus, Marky Mark Zuck met with POTUS, and Grand Central is going to be the spot of the world's largest Apple store. MORE>>[...]
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via guestofaguest.com: Get a glimpse of the new Levi's Spring campaign, the 50 most fashionable New Yorkers, PETA's NYFW plans for Donna Karan, Urban Outfitters is launching a bridal line, and more! See what's happening in the world of fashion in today's Fashion Files. MORE>>[...]
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via guestofaguest.com: From the resourceful Egyptian protesters finding ways to showcase their environment to the rest of the world, to the secret genius of Charlie Sheen, there's mucho going on today. Why Facebook makes us all feel like losers, Barbie as a serial killer, and a great s[...]
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$$$ Text Of Obama’s State Of The Union [WSJ]
$$$ Merrill Pays $10 Million to End Claims It Misused Client Orders [Bloomberg]
$$$ The world’s best emerging market: Detroit [LJPR]?
$$$ Is the world’s largest super-volcano set to erupt for the first time in 600,000 years, wiping out two-thirds of the U.S.? [DM]
$$$ Mohamed El-Erian: Davos Moguls Adjust to Fast, Slow, Reverse [Bloomberg]
$$$ Greece Default With Ireland Breaks Euro by 2016 in Global Poll [Bloomberg]
$$$ Cantor Fitzgerald adding 100 equities professionals [FINS]
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A decade of acquisitions by the world’s software companies has not improved return on assets or profit margins, write Moody’s Investor Services analyst Matthew Jones and his team today.
Jones & Co. found that most companies that rely on acquisitions tend to show lower return on assets than other companies.
There are [...]
Article courtesy of BARRONS.com: Tech Trader Daily
For those of you still trying to figure out just what went wrong for Cisco (CSCO) in the October quarter, here’s a new data point to figure into your calculations.
Market research firm Dell’Oro Group reports that Cisco in the third quarter had 59% of the world market for routers, up [...]
Article courtesy of BARRONS.com: Tech Trader Daily