Oct 7, 2009 2
youtube.com → Latvia’s Finance Minister: nothing special
Sep 15, 2009 0
bloomberg.com → One year without Lehman
New York state made claim for $1.2 billion in taxes, interest and penalties from Lehman Brothers Holdings Inc. The state is seeking payment for tax bills dating to 1994, according to the claim form.
Bad luck. Would the head reached out Lehman as they did Goldman, they would have been received at least $1.2bn. Goldman Sachs paid $568m in taxes during the last 13 months. However, it obtained $13bn via AIG and $10bn from the government to keep going, making Goldman’s tax paid equal to 2.5% of the total sum. Not the best return on investment. Efficiency, efficiency, efficiency…
Sep 7, 2009 1
ccianet.org → Global data monopoly
Over 80% of the world’s corporate and government data resides on mainframes. Over $5 trillion worth of corporate application and data assets rely on its mainframes today. Almost 95% of Fortune 1000 companies use its Information Management System (IMS) for their most critical data management needs. More than 50 billion transactions—including financial ATM sessions, healthcare record access, tax accounts and other critical information—are running through IMS databases on a daily basis.
All these statements refer to IBM – worldwide data manager with an absolute market power. Most essential global information is directly or indirectly controlled by IBM. Summary of the Computer & Communications Industry Association’s report follows.
Aug 24, 2009 6
nytimes.com → Hedge funds software engineering
Little understood outside the securities industry, the business [high frequency trading] has suddenly become one of the most competitive and controversial on Wall Street… The profits have led to a gold rush, with hedge funds and investment banks dangling million-dollar salaries at software engineers. In one lawsuit, the Citadel Investment Group, a $12 billion hedge fund, revealed that it had paid tens of millions to two top programmers in the last seven years.
Now your investment fund value, or profit if your are Goldman Sachs, depends on how quick you are able to frontrun the market and protect the philosopher’s stone.
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