— and hold a spot on page one. Microsoft product leads to crash: Skype: Outage caused by Microsoft update MATT MOORE Associated Press August 20, 2007 FRANKFURT — A two-day outage that left millions of Skype users unable to use the popular Internet phone service was caused by an abnormally high number of restarts aftercontinue reading
It’s a small world, small island edition
Watch the British housing market, says Howard Archer, chief UK economist at Global Insight in the Guardian: “The overall impression we get from the very latest data and survey evidence is that the housing market has peaked and is gradually and erratically coming off the boil.” Mr Archer added that prices were unlikely to slowcontinue reading
It’s a small world, after all
The US hipbone is connected to the Indian thighbone, thanks to outsourcing: First Magnus Halts Loans, Citing `Collapse’ of Mortgage Market By Jody Shenn Aug. 16 (Bloomberg) — First Magnus Financial Corp., the second-largest privately held U.S. mortgage company, stopped lending after bids for its home loans disappeared. “In light of the collapse of thecontinue reading
Whoah.
Richard Bradshaw died.
Right back where we started from
Maybe it is 2001, after all: TSX plummets 585 points on credit fears, biggest drop seen in six years August 16, 2007 – 13:28 One other thought: – The thing that seems to be causing the most static in the subprime mortgage sector is the adjustable rate mortgages, like the 2/28, where the first twocontinue reading
Now even crunchier!
So everyone’s piling on now: – OPEC: “The more bearish economic trend which has materialized in recent weeks could negatively impact demand growth in the second half of the year.” – WTO: Global economic and trade expansion could slump in 2008 because of the credit crunch sparked by the collapse of the U.S. subprime mortgagecontinue reading
Everything old is new again
OK, forget 2001 pre-September. Think back to the summer of 1998. Where were you? What were you doing? (OK, so I know the answer to that for most of you.) Think back to key events: The Russian ruble’s collapse. Long-Term Capital Management’s blow-up. Week-long canoe trips. Here’s why the sub-prime mortgage problem cannot be contained.continue reading
Multitasking?
An AOL survey showed that 53% of those polled admit to checking their email in the bathroom. As if keyboards needed exra germs…
Lawgeeks in Ottawa
We are safely moved into Ottawa, a pleasant 600 sq. ft. in a nice neighborhood. Air conditioning would be very nice about now though. We have most of our pictures on the wall and Sympatico has vouchsafed us an Internet connection so it is starting to feel like home. Work started last Tuesday, met mycontinue reading
Up with Mondays
Back in the early part of 2001, when the tech meltdown was underway, the stock markets were incredibly volatile, as a look at the CBOE’s VIX index since 1990 shows: A pattern emerged: throughout the week, things would get progressively worse, with Fridays ending down a few hundred points, the decline usually accelerating after 2continue reading