Wednesday, November 09, 2011

From Euphoria to Panic in 1 easy step

It always amazes me how the markets can go from perfect rally mode to full on panic in a heartbeat.  The situation in Italy is very fluid but suffice to say that this is not Greece and the bailout funds aren't prepared to deal with an Italian crisis.  If we get a full Eurozone meltdown the impacts could be far reaching as the US would appreciate - cheaper gas, lower stock prices - but we're getting ahead of ourselves.

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Weird news of the week (and it's only Wednesday) ---

1) Fake Weapons Parts are a Ticking Time Bomb - I'll give you three guesses where the fake parts might be coming from but I bet you'll only need one guess.

Re: sprinkling - "It's a process of mixing authentic electronic parts with fake ones in hopes that the counterfeits will not be detected when companies test the components for multimillion-dollar missile systems, helicopters and aircraft. It was just one of the brazen steps described Tuesday at a Senate Armed Services Committee hearing examining the national security and economic implications of suspect counterfeit electronics — mostly from China — inundating the Pentagon's supply chain."

"Counterfeiting performed in Shantou (a Chinese city) was not regarded as IP theft or improper in any way," Sharpe said. "It was seen as a positive 'green initiative' for the repurposing of discarded electronic component material."

2) Fact of the day:  Take note of the increased volatility of the stock market lately.  From 1947 to 1972 - 25 years - the stock market had 15 days where it swung up or down 3% in a day.  This year we've had 8 such days.

3) College Grads say salary is less important than Facebook Freedom at work?  Okay, this is a survey of 2,800 global college grads by Cisco and I'm just stunned by the results.

* More than 40% went so far as to say that they would accept less money for a job that was down with social media at work on a device of their choosing if it also included telework.
* Not surprisingly, they overwhelmingly wanted flexible work hours and remote access, with about one-third of college students saying that once they begin working, it will be their right – not a privilege – to be able to work remotely with a flexible schedule.
* Over half of college students globally (56%) said that if they were offered a job at a company that banned access to social media, they would either turn it down, or ignore it.

* Two-thirds said they will ask about social media usage policies during job interviews.

4) What happens when you flush a toilet in the world's tallest building?  This is so typical of Dubai - build it fast, coat it in gold and forget to install the plumbing.

"A variety of buildings there, some can access a municipal system but many of them actually use trucks to take the sewage out of individual buildings and then they wait on a queue to put it into a waste water treatment plant. So it's a fairly primitive system.  I'm told they can wait up to 24 hours before they get to the head of the queue."

Cheers!

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