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Economic and and financial news and analysis

Surface Schmurface! Microsoft Faked Excitement for Its Surface Tablet Launch

Old Mister Softee is truly pathetic if this is true. Without any organic excitement for today’s Surface tablet debut, Microsoft has resorted to faking it. Take the lines outside its 60 retail locations. The Seattle store had a bona-fide-gathering, found GeekWire’s Todd Bishop, who describes the group as “stretching around the building.” That sounds promising, but looking into…

Back From the Vomitorium: The Looting of the Mortgage Settlement Agreement- Huffington Post

Remember the settlement — the $25 billion that America’s five largest mortgage servicers paid out to atone for fleecing millions of American homeowners? Wells Fargo, Bank of America, JPMorgan Chase, Ally Financial and Citigroup were held accountable for fraudulent foreclosure practices — including the notorious practice dubbed “robo-signing” — that cost millions of Americans their…

Ben Bernanke Is Locking in His Legacy – Businessweek

The hubris of this nincompoop, Bernanke, shocks the conscience. Policy will change, and it will change quickly when the looming commodity inflationary disaster causes the economy to begin shrinking. …A numerical threshold policy, in particular, would bind any collegially minded incoming chairman from deviating too far from current policy,” Feroli writes in a note to…

Why Apple ($AAPL) Is The Savior of Modern Capitalism and Western Society

by Jon Law, Capitalstool.com I think the general consensus is that AAPL ($AAPL) is one of the strongest, most durable, companies in the marketplace today. It creates products that respond to the needs of modern society better than any other tool. In a sense, the creation of the company was like the discovery of electricity.…