Clarkosaurus

Early owners of the  so-called ‘late 2008 macbooks’ have already found out why it pays to wait a little while before ordering a ‘new’ Apple anything:

Some Late-2008 MacBook users have posted complaints about the hinges on their computers apparently not holding the display open properly, resulting in the display either falling open or closing on them.

Late-2008 MacBooks: Display hinge apparently loose - MacFixIt.

Alway, always give them 6 months to iron out the kinks. Quality control on these things is an itterative process, with updates being made incrementally throughout the production cycle.

After a significant market correction, the market will look to regain its footing. Any up day then counts as Day 1 of an attempted rally.

The next two sessions, Days 2 and 3, don’t need to show much in the way of gains. As long as they don’t undercut Day 1’s low, the rally remains intact.

For a follow-through to occur, you want it to land between Day 4 and Day 7 of the attempted rally. On any one of those days, you’re looking for one or more of the major indexes — the Nasdaq, S&P 500 or Dow — to rise 1.7% or more in higher volume than the previous day.

IBD Follow Through Day | Money Definitions.

In addition to the faster data speeds and higher-quality audio, 3G offers one additional advantage over EDGE: 3G can take an incoming phone call while simultaneously using the data network. I missed a surprising number of calls on my old iPhone while dicking around waiting for pages to load in Safari.

Daring Fireball: The iPhone 3G.

Hedge fund managers are taxed at 15% on most of their income. Sound fair to you?  I didn’t think so. Read more:

Tax breaks for billionaires: Loophole for hedge fund managers costs billions in tax revenue.

“If the amount of tax revenue lost to private equity firm managers is equivalent to that lost with hedge funds, then the combined amount would be $12.6 billion. This forgone revenue stream could, for example, fully fund the five-year, $35 billion expansion of SCHIP, the public health insurance program for low-income children.”

[T]he many people I’ve spoken with who do understand economics and our financial system are gravely concerned – all of them. The only place you can find people who aren’t gravely concerned are on Capitol Hill and in the media, the two places in our society where people are paid to offer opinions on things they know nothing about.

The Weekly Standard Blog

Wow. Another beautiful Cherryholes album.  My favorite track: My Only Son. Some great instrumentals, too.

I don’t think a lot of folks understand this win-win scenario. Let me repeat: The taxpayers own the bonds the Treasury buys; the taxpayers own the cash flows generated by the bonds; the taxpayers own the profits when the bonds are sold; and the taxpayers benefit when the profits and cash flows are used to pay-down government debt.

A Paulson-Cantor Plan Is a Win-Win by Larry Kudlow on NRO Financial.

First it was Pokemon, then Webkins, now it’s Bakugan.  It’s the latest rage among our sons and their friends–but it’s not a publicly traded company. Darn.

Spin Master - Wikipedia, the free encyclopedia.

The Public Deserves a Better Deal - WSJ.com.

“There is a better alternative to stabilize the markets: Invest the $700 billion of taxpayer money in senior preferred stock of the troubled financial institutions that pose systemic risks. Let’s call this the “Preferred plan.” In fact, it is the Fannie Mae and Freddie Mac model — which the Treasury Department has already endorsed and used in practice. It is also the approach Warren Buffett used for his investment in Goldman Sachs.”

Bill Moyers sits down with former Nixon White House strategist and political and economic critic Kevin Phillips, whose latest book BAD MONEY: RECKLESS FINANCE, FAILED POLITICS, AND THE GLOBAL CRISIS OF AMERICAN CAPITALISM explores the role that the crumbling financial sector played in the now-fragile American economy.

Bill Moyers Journal . Watch & Listen | PBS.