Jeff Ventura - surprisingly has never been called 'Ace' before.
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Can't Decide If This Is Sad or Funny

First, read this from Bloomberg:

Dec. 1 (Bloomberg) — “I just wrote my first reference for a gun permit,” said a friend, who told me of swearing to the good character of a Goldman Sachs Group Inc. banker who applied to the local police for a permit to buy a pistol. The banker had told this friend of mine that senior Goldman people have loaded up on firearms and are now equipped to defend themselves if there is a populist uprising against the bank.

via Arming Goldman With Pistols Against Public: Alice Schroeder – Bloomberg.com.

Then, read Matt Taibbi's take, especially this quip:

On the funny side, there are several things to consider. There’s the image of Goldman guys walking into Dean and DeLuca’s nervously grabbing at their holstered nines as they buy espresso and soy waffles. There’s the idea that some of these dorks might actually think that they’re going to forestall proletarian rebellion by keeping guns in their Hamptons beach houses. There’s even the impossible-to-resist image of a future accidental shooting of some innocent hot dog vendor on Park Avenue, followed by the inevitable p.r. response from Goldman in which the bank claims that the only thing its employees are guilty of is “being really good at shooting people.”

I think I agree with Matt: this is a solid 7 or 8 on the Funny Meter.

And probably the same on the Sad Meter.

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Filed under  //   business   finance   humor   politics  

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Good News on Wall Street Means… What Exactly?

Matt Taibbi:
What’s so tiresome about all of this is that no one reports this stuff as a political story. This is politics at its most basic. The Dow is going up, sure, but what does that mean, if the rest of the economy still sucks?

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Online banking: avoid MS Windows

An investigative series I've been writing about organized cyber crime gangs stealing millions of dollars from small to mid-sized businesses has generated more than a few responses from business owners who were concerned about how best to protect themselves from this type of fraud.

The simplest, most cost-effective answer I know of? Don't use Microsoft Windows when accessing your bank account online.

That speaks volumes.

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Filed under  //   finance   microsoft   security   technology  

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Intuit acquires Mint

Mint was a key leader of the next generation of game changers. And now it’s property of Intuit — the poster-child for the last generation. What a loss. Is that the best the next generation can do? Become part of the old generation? How about kicking the shit out of the old guys? What ever happened to that?

I'll be clear: I love Mint. It'severything Intuit's software isn't -- easy, beautiful, intuitive, simple, friendly and informative. Intuit, on the other hand, is one of my least favorite companies in technology. They had great software during the early part of their growth, and then became complacent, wholly satisfied to sit on the status quo they had created. They stopped innovation, released shitty software and more or less brought the personal finance software market to a crawl. They became a marketing company more than a development house.

Until Mint, that is. Mint shook everything up by figuring out how to improve upon every single weakness Intuit let languish for years. They nailed a revenue model. They had perfect integration with almost any financial account you could think of. Their website was good, fast, secure and well-designed. Their software wasn't user-hostile, and they didn't slow down the enhancements because they reached something of a critical-mass sweetspot.

Now, sadly, all of that has become the property of the lousy company that stifled the market in the first place. As Jason Fried says, the next generation just bent over for a $170M payday. And to think of all the time, effort and trust Mint's customers invested in them, only to have it turned over to the crumpled old-guard they were trying to avoid in the first place.

Is $170M big? Yes. But nowhere near what it could have been if Mint allowed itself to push Intuit out of the driver's seat.

I'm apt to cancel my Mint account because of this news, as I have been consciously avoiding Intuit for years now. But, ironically, I guess money talks, sometimes louder than vision.

Don't get me wrong: Mint was a good pickup for Intuit, and I hope they don't destroy the technology or alienate all its users. But I would have loved to see Mint take Intuit out behind the woodshed and show them there's a better game in town. Whatever happened to that spirit?

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Filed under  //   business   finance   personal   technology  

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RIM sees iPhone's ante by beating 3Q expectations.

BGR: RIM's Q3 results beat expectations:

Just after the North American markets closed this Thursday, RIM announced its Q3 earnings. While many analysts believed that RIM would have a hard time meeting its adjusted earnings forcast, RIM actually exceeded them, but just barely. In this day and age, exceeding a forecast is nothing short of a coup, even if by a fraction of a percentage point. RIM’s revenue came in at $2.78 billion, up 7.9% from Q2, while net income totaled $396.5 million (adjusted net income stood at $477.3 million). Earnings were $0.83 per share diluted, which beat expectations by $0.01. As for Q4, RIM is expecting strong sales which strangely enough is thanks in part to previous delays for the Bold and Storm. Because both devices were released at the tail end of Q3, it is expected that the high demand for them will help RIM weather what has been predicted by some to be one of the worst holiday retail seasons in recent history.
No matter how you cut it, RIM has an incredibly strong foothold with BlackBerry. If you look around in just about any public place, chances are you'll see BlackBerries more than anything else. RIM's consumer campaign lacks the sexiness and shine of Apple's push into mobile phones, but it's there, across several models and wireless providers. RIM's lead over the iPhone isn't to be taken for granted, but for now, good on RIM -- they pulled off a good quarter in the middle of horrible macroeconomic times. I think the Bold will do well for 2009, but I have my doubts about the Storm. I realize that software updates are out there that improve the experience, but all they do is fix bugs that shouldn't have shipped in the first place. On the flip side of this rivalry, I fully expect Apple to do well with its post-holiday numbers as well. In the ultimate analysis, I stand by my original opinion: the iPhone will eventually eclipse RIM's smartphone market share. Such is the strength of a real platform as opposed to a family of good devices.

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Filed under  //   blackberry   business   finance   iphone  

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