Lies, Damned Lies, Trade Statistics, and iPhones (Infectious Greed)
The iPhone is wholly considered a Chinese export even though it’s designed and owned by Apple (AAPL) and only 3.6% of the total cost can be attributed to the value of assembly labor.
Banks Prepare for New Debit Rules (TheStreet.com)
The Federal Reserve is expected to draft its initial debit card rules this afternoon per their authority given by the financial reform bill’s Durbin amendment. Analysts are thinking fees could be cut by 40-50% and network exclusivity arrangements will be disallowed. The rules will potentially affect Mastercard (MA), Visa (V), Bank of America (BAC) and JP Morgan (JPM) among others.
The Top 50 Gawker Media Passwords (Digits)
The number one password? 123456. And somehow monkey is in the top 10. Hilarious!
Mapping America: Every City, Every Block (New York Times)
NYT has mapped out the census data, very cool visualization.
Grant Snider’s Treehouse of Adulthood (The Reformed Broker)
Just a great cartoon!
Damn It Feels Good to Be a Swiss Banker (Crossing Wall Street)
UBS forces its employees to wear scarves and they must be tied with “authorized knots”.
Blogiversary Themes: Analyzing Earnings (A Dash of Insight)
Congrats on 5 years, Jeff Miller. A pointed critique of the popular John Hussman who I must say I’ve heard a bit too much from in recent months.
Why You Need to Worry About Big Pharma in Your Dividend Portfolio (Intelligent Speculator)
Don’t just rely on the strong dividends, balance sheets and profits. Looking under the hood investors will find a major patent cliff with limited surefire products in the pipeline.
Twitter Raises $200 Million at a $3.7 Billion Valuation (All Things Digital)
Wow, so-called microblogging is really taking off. “In the past 12 months, Twitter users sent an astonishing 25 billion Tweets and we added more than 100 million new registered accounts”. Remember the company was started in 2007! We certainly live in a new age, zero to $3.7 billion in 4 years, when has that ever been possible in history?
*DISCLOSURE: Long AAPL
This material is being provided to you for educational purposes only. No information presented constitutes a recommendation by T3 LIVE or its affiliates to buy, sell or hold any security, financial product or instrument discussed therein or to engage in any specific investment strategy. The content neither is, nor should be construed as, an offer, or a solicitation of an offer, to buy, sell, or hold any securities. You are fully responsible for any investment decisions you make. Such decisions should be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance and liquidity needs.
