Archive for December, 2009

34525Paypal had just released their application for Blackberry smartphone user. You can now send money to friends, family at almost anytime in the word. It has never been faster, easier and secured.

With the Paypal application run in Blackberry mobile phone, all you need to do is to log in, enter the amount of recipient’s phone number or email address, and send out the money, even in 23 different countries.

You can also choose to send money directly from your contact list with Paypal, and most of all, this application is free!

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intel_ftcThe Feaderal Trade Commision (FTC) is allerging a stifled competition in the microprocessor market towards Santa Clara, California based chipmaker, Intel.

“Intel has engaged in a deliberate campaign to hamstring competitive threats to its monopoly,” Richard A. Feinstein, director of the FTC’s Bureau of Competition, said in a press release. “It’s been running roughshod over the principles of fair play and the laws protecting competition on the merits. The Commission’s action today seeks to remedy the damage that Intel has done to competition, innovation, and, ultimately, the American consumer.”

From InformationWeek:

The FTC claimed Intel bullied computer manufacturers, including IBM, Hewlett-Packard, and Dell, into using its chips in their systems instead of offerings from rivals such as Advanced Micro Devices. It also claimed Intel used a tactic known as restrictive dealing to prevent system builders from marketing non-Intel machines.

The FTC’s complaint further alleges that Intel redesigned its compiler software in a way that hampered the performance of competitors’ microchips.

Intel corporation however denied the claims and asserting that it was a completed faily and lawfully. The company called the FTC’s case misguided and Intel suggested that it was based on claims that had not been fully investigated yet. Intel added that, the case was not based on existing law, but the intention of new rule in conducting business regulations.

“This case could have, and should have, been settled. Settlement talks had progressed very far but stalled when the FTC insisted on unprecedented remedies – including the restrictions on lawful price competition and enforcement of intellectual property rights set forth in the complaint — that would make it impossible for Intel to conduct business,” Intel senior vice president and general counsel, Doug Melamed said in an Intel press release.

Meanwhile, according to a commission press release, the FTC is said to look in implementing provisions that may hinder Intel’s ability to encourage exclusive deals and price manipulation. From the FTC statement:

To remedy the anticompetitive damage alleged in the complaint, the FTC is seeking an order which includes provisions that would prevent Intel from using threats, bundled prices, or other offers to encourage exclusive deals, hamper competition, or unfairly manipulate the prices of its CPU or GPU chips. The FTC also may seek an order prohibiting Intel from unreasonably excluding or inhibiting the sale of competitive CPUs or GPUs, and prohibiting Intel from making or distributing products that impair the performance–or apparent performance–of non-Intel CPUs or GPUs.

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According to the Bureau of Labor Statistics, more than 30 million Americans are jobless. But just because it does not work (or a lot of work), does not mean you are officially registered as unemployed in the dark, but funny video credits to this matter. Now look at this stunning graphical presentation of the way unemployment has risen over the past few years.

Is a district-by-county look like the spread of unemployment in every corner of the country, from January 2007 to October 2009. In October, the national unemployment rate peaked at 10.2% – the first time it has been in double digits since 1983. Although decreased to 10.0% in November, and most economists expect unemployment remains well above 9% in most of the year 2010.

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jmo1341lThe banks could not survive if it increased its efforts to make more commercial loans, deals with change in their troubled borrowers. a significant proportion of these banks was suffering from an exceptionally large number of commercial real estate loans, which can be found in their credit portfolios.

It is assumed that the banks began when more and more property owners came late in their monthly payments. A result of the economic situation in much of the property owners are forced to mortgage defaults of seriously weakened economic capability. This is easy to see, because the strong jobs, shopping centers, hotels, commercial complexes, investment properties, warehouses, strip shopping centers, office buildings, multi-tenanted buildings and apartment buildings, which have caused significant declines in cash flow. and more property owners were forced to come up with monthly payments, the banks, which have a proportionally greater amount of such loan, also discovered that its profits have declined significantly. Read More »

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