Supercomputing handhelds

Google CEO Eric Schmidt described his vision of a 100-megabit broadband supercomputer in every pocket.

Schmidt cited an Android application that photographs barcodes, identifies the product, and compare prices online. Another application can take a picture of a menu in a foreign language and translate it.

“The creepiest one of all, take a picture of person — somebody built a demonstration — and we can tell you who that person is,” he said, adding, “By the way, that’s obviously useful if you’re a policeman.”

In a few years we’ll look at our current iPhones the way we view the original PCs now. They were nice for their time, but were toys, weren’t they?

Salsa dancing dog. He’s really good too.

Goldman Sachs. Greed is good. Jesus said so

Who knew that greed was good and that’s what Jesus preached? Goldman Sachs does. And wants you to know it.

AIG short squeeze today

Rumors circulated today that the government would close its ownership of AIG on terms very favorable to the company. The stock spiked, and the shorts got squeezed. It closed up 14% at 389.22

Look, this is a garbage stock. Why it’s at $39.22 and not $7.00, where it belongs and where it was in March, is beyond me.

But that’s what happens when the government backstops a company then blows out the short sellers.

Well, someone started the rumors, tight?

It’s time to trade again. Short CRE

After several months not trading because the markets seem gamed and were making no sense, I’m starting to trade again. Am focusing on commercial real estate and financials. So far, I have puts on Citi and will probably go long SRS (ProShares UltraShort Real Estate) and short Starwood Hotels (HOT)

Now that’s drunk…

A woman called police to report that she was driving drunk.

The Fed on CRE. No need to price anything to reality

From the comments at Zero Hedge about the Fed press release about commercial real estate

I am truly depressed. ONLY the FED could come up with this line:

“In addition, performing loans, including those renewed or restructured on reasonable modified terms, made to creditworthy borrowers, will not be subject to adverse classification solely because the value of the underlying collateral declined.”

Please continue to mark to myth because we said it is alright e.g. continue on with the pretend and extend program.

New Obamaination discovered. First letter of surname discrimination

Infectious Greed uncovers the hideous truth. Those whose surname starts with “S” are far more likely to be invited to the White House than the normal distribution of that letter would indicate. As for “Q” and “Z”, they are non-events. Frankly, I’m appalled.

For those who can not get enough bacon

Edible Bacon Fat Candle

Scam of the Month Award

A attendant collected money for 25 years at a parking lot in England. Then disappeared. He installed the ticket machine on his own. Estimated take. $7 million.

Universal cell phone charger standard ok’ed by UN

Finally. One charger fits all and it is are more energy efficient too.

Whitehouse.gov runs on Drupal now

Link

‘Bohemian Bankruptcy’ video. This is going viral

Tip: The Big Picture

Down home local advertising!

Driving drunk in a motorized La-Z-Boy

He tested out at 0.29 (beyond intoxicated) and in the great tradition of drunks, tried to blame the accident which led to his arrest on someone else.