Archive | January 2012

Ideas for your open government

Today I found out an interesting article about open government. You can find the full article at the link http://opensource.com/government/12/1/ideas-your-open-government?sc_cid=70160000000U4njAAC

Here is an except from that :

Open Government Partnership is a global effort initialized by the government of United States to make worldwide governments better. To this date, 46 countries have committed to take steps to change their government to more open, more transparent, and more valuable for the citizens.

Individual countries are now working on their commitments for year 2012, and they will present them at an annual OGP conference in Brazil. This is a perfect time to join the process and clearly express what you as a citizen want from your government.

Moody’s General Credit Rating Services – Long-Term Obligation Ratings

This post is about Moody’s General Credit Rating Services – Long-Term Obligation Ratings available on http://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_79004

Long-Term Obligation Ratings


Moody’s long-term ratings are opinions of the relative credit risk of financial obligations with an original maturity of one year or more. They address the possibility that a financial obligation will not be honored as promised. Such ratings use Moody’s Global Scale and reflect both the likelihood of default and any financial loss suffered in the event of default.

Aaa Obligations rated Aaa are judged to be of the highest quality, with minimal credit risk.
Aa Obligations rated Aa are judged to be of high quality and are subject to very low credit risk.
A Obligations rated A are considered upper-medium grade and are subject to low credit risk.
Baa Obligations rated Baa are subject to moderate credit risk. They are considered medium grade and as such may possess certain speculative characteristics
Ba Obligations rated Ba are judged to have speculative elements and are subject to substantial credit risk.
B Obligations rated B are considered speculative and are subject to high credit risk.
Caa Obligations rated Caa are judged to be of poor standing and are subject to very high credit risk.
Ca Obligations rated Ca are highly speculative and are likely in, or very near, default, with some prospect of recovery of principal and interest.
C Obligations rated C are the lowest rated class and are typically in default, with little prospect for recovery of principal or interest.

Note: Moody’s appends numerical modifiers 1, 2, and 3 to each generic rating classification from Aa through Caa. The modifier 1 indicates that the obligation ranks in the higher end of its generic rating category; the modifier 2 indicates a mid-range ranking; and the modifier 3 indicates a ranking in the lower end of that generic rating category.

Kodak files for bankruptcy

Another interesting peace of news is the fact that Kodak files for bankruptcy.

In the next article http://photorumors.com/2012/01/19/kodak-files-for-bankruptcy/ it is said :

ROCHESTER, N.Y., January 19 — Eastman Kodak Company (“Kodak” or the “Company”) announced today that it and its U.S. subsidiaries filed voluntary petitions for chapter 11 business reorganization in the U.S. Bankruptcy Court for the Southern District of New York.

…..

The Company has made pioneering investments in digital and materials deposition technologies in recent years, generating approximately 75% of its revenue from digital businesses in 2011.

Looks like those that cannot adapt their business to the new century are starting to fall.

Sir Ken Robinson: Do schools kill creativity?

Here is anther interesting talk from TED from Sir Ken Robinson : Do schools kill creativity?

Defend our freedom to share (or why SOPA is a bad idea)

Bellow is a very interesting video from TED about defending our freedom to share (or why SOPA is a bad idea)

Asus Eee Pad Transformer Prime

I’ve just found out there is a new tablet in town, the Asus Eee Pad Transformer Prime – the official page from Asus is : http://eee.asus.com/eeepad/transformer-prime/features/.

The facts that are the most impresive are :

  • up to 18 hours of battery life and 50 days of standby time
  • a powerful NVIDIA® Tegra® 3 Quad-core CPU
  • a Super IPS+ Panel

and much more.

Check the offical page, and also a review of http://www.theverge.com/2011/12/1/2601558/asus-eee-pad-transformer-prime-review

Ubuntu TV

One more interesting article that I found today was Ubuntu TV Will Be In Your Living Room This Year from http://gizmodo.com/5874227/ubuntu-tv-could-be-in-your-living-room-this-year.

Apparently next year we will be able to buy a TV that has the Ubuntu Linux OS on it (a version optimized for TV)  with an interface based on Unity.

Nice one for Canonical.

P.S. : Here is a demonstration of the new interface.

How Wall Street Turned a Crisis Into a Cartel

Today I found another interesting article  How Wall Street Turned a Crisis Into a Cartel
http://www.bloomberg.com/news/2012-01-09/cohan-how-wall-street-turned-a-crisis-into-a-cartel.html

Here is an except from it :

Almost 65 years ago, in 1947, the U.S. government sued 17 leading Wall Street investment banks, charging them with effectively colluding in violation of antitrust laws.

……………..

Today, there are far fewer than 17 firms in control of the investment-banking business. After Goldman Sachs Group Inc. (GS), Morgan Stanley, JPMorganChase & Co. (JPM), Citigroup Inc. (C), Bank of America Corp. (BAC) and Deutsche Bank AG (DBK), one is pretty much at a dead end. The investment-banking business is now both much, much bigger — in terms of revenue and profits — and much, much more concentrated than it ever was close to being in 1947.

The Danger Debt Poses to the Western World

Today I found a article that I found interesting, especially in the current economic context: The Danger Debt Poses to the Western World -
http://www.spiegel.de/international/world/0,1518,806772,00.html

Must of you probably know who was Carlo Ponzi, but I’m not sure that everyone knows the extent of uses of the now called “Ponzi scheme” by economists.

Here is an except from it :

Countries around the world, particularly in the West, are hopelessly in the red, with debt rising every day. Even worse, politicians seem paralyzed, unable — or unwilling — to do anything about it. It is a global disaster that threatens the immediate future. But there might be a way out.

In the end, I would like to say to please read the article.

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