Tuesday, June 28, 2011

China buys up natural resources world wide, goes after Canadian oil

Looks like the global power is seeking more than just domestic needs.

China Has Its Eye On Canada's Oil

While the U.S. dithers with concerns about "dirty oil" from Alberta's rich tar sands, energy-hungry China makes Ottawa an offer it might not refuse. Memo to Washington: Pipelines can run west as well as south.

When President Obama pledged to wean us off foreign oil, we hoped he didn't mean our friendly ally to the north, Canada. Granted, it doesn't have beaches like Rio, where we're helping the Brazilians drill offshore, but we had hopes nonetheless.

Together, the U.S. and Canada have enough oil and natural gas locked up in shale formations, tar sands, Alaska, the Canadian Arctic and the Outer Continental Shelf to make OPEC pound sand. But we won't drill for ours and apparently, we don't want Canada's.

With more than 170 billion barrels, Alberta has the world's third-largest oil reserves, behind only Saudi Arabia and Venezuela and ahead of Russia and Iran. Daily production of 1.5 million barrels from the oil sands is expected to nearly triple to 3.7 million by 2025. The only question is, will this crude be flowing south to U.S. refineries or west for export to China?

At issue is the Keystone XL pipeline, parts of which have already been built, that would bring Alberta oil to Texas Gulf Coast refineries. The pipeline also could transport oil extracted from shale formations in the Rocky Mountain West.


Monday, June 13, 2011

Windows 8: Confusion and Panic

The following article on wired is controversial, because people misread it, and perhaps the author over stated the situation.

Microsoft announced Windows 8 will have a default OS layer that is based on HTML5 and JavaScript apps. It also stated that old API-s will be supported. Other chatter around the web is expressing panic that investments made into WPF and Silverlight will go to waste as Microsoft will shift focus. All relevant. But the article is discussing the situation as if existing API-s will no longer be relevant.

Why Microsoft Has Made Developers Horrified About Coding for Windows 8

Go ahead and read it all, including the comments and the linked blogs. The following is my opinion:

The real problem developers and software manufacturing companies have is that existing software can become less relevant as it will be apparent it runs on abandoned technologies. Key terms sometimes used to promote own product as edgy and top of the line will lose meaning when WPF becomes a bastard child. Investment into Silverlight as a web platform by web authors will sink even faster and developers who invest their time and money into education in these technologies will also feel they were duped by Microsoft and lost the investment.

Now here’s a point I’d like to make: I doubt the non x86 tablets will run older API-s, while the desktop windows 8 will surely do. So while we can now deliver WPF based applications to Windows 7 tablets such as ViewPad, that might not be the case in the near future; Investment and time lost.

And to be clear, I don’t have any insider info regarding what Microsoft does. I just assume they won’t release an OS for tablet that takes %75 of available hard drive like it does on the ViewPad, so the only logical step is to remove the legacy bloat.


Friday, June 10, 2011

Your home is worth 80% less than in 2001, in Gold

"Just" 80%?

Follow this link for a "Chart of the Day" with the revealing piece of data.


ECB, Greece, China, Default, Bankrupt, mix and match the words to make your own headline

Geez, peek at the following headlines:

* ECB Admits They're Broke

* Chinese Ratings Company Claims U.S. Is Already ‘Defaulting’

* Yields Sink As Euro Mess Feeds U.S. Slowdown

As the market seems like it's building a falling knife pattern, one has to publicly ask: Are the only safe holdings out there 0 and negative yielding treasury bonds WHILE talks of US default are looming?!

It's an odd / wierd world for finance these days.

Why developing for iOS sucks? Besides the 30% Apple collects off your income...

A great article:

For Apple, Yesterday’s Banned Apps Are Tomorrow’s Great New Feature
It’s good to be king.

Apple deserves lots of credit for creating an entirely new market for mobile software in the iTunes app store, over which it justifiably reigns.

But the army of developers who have created over half a million Apple iOS apps to date perform another valuable function, in addition to making Apple’s hardware more attractive to users and contributing 30 percent of their revenue to the company’s bottom line: Sometimes, they act like a big, unpaid R&D lab for incubating features that Apple can eventually incorporate into its own products — even after banning those same products from its app store (or, rather, “App Store”)


Read it all.

Apples make great hardware, they always have. The iPad, even iPad 1 still is a much better product than all of its competitors. Its ability to play 3D games with ease simply mocks whatever others are doing with Intel chipsets and Windows OS as a tablet.

But they have always been so restrictive in allowing others to develop software for their products. You MUST use a mac, must sign contracts, must pay annual fees, they get to decide if your work you labored on will be available to the general public, they get to pull it out when they chose for no apparent reason except shady business practice on their behalf.

Apple is to blame, but so are their customers. The general public prefers paying for apps they get for free on other platforms. Prefer paying for content they get free on other platforms. The public made Apple king and they have taken advantage of this status.

Although I now own my very first Apple product, the iPad 1, I'm still not an adherent to the Apple cult.


Wednesday, June 1, 2011

Microsoft showcasing upcoming windows 8

Knowing how bad windows 7 sucks for touch features, this developer only hopes to have the next version of windows not suck. Looks promising.


Exit question: Will traditional software with "older" look become immediate throw away?


Quoting the following story:
Wall Street Baffled by Slowing Economy, Low Yields: Trader
Wall Street is having a hard time figuring out what to do now that the U.S. economy appears to be sputtering and yields are so low, Peter Yastrow, market strategist for Yastrow Origer, told CNBC.


What we’ve got right now is almost near panic going on with money managers


"We’re on the verge of a great, great depression. The [Federal Reserve] knows it.


It's been my non-professional observation for the last two years that something very odd is going on with regards to the disconnect between the stock market and the non-stop "surprising" economic results reportage. Everyone has a "market about to completely crash" feeling, and then it just keeps on going on. Some say it's the QE schemes, which is the 'not so secret hand' anymore.

Final note: Anything said or written on CNBC is by people with agendas. Manipulators whose only interest is their own portfolio doing their best to herd the public for their own profit. It's hard and imprudent to make financial decisions based on rumor spreading liars on that channel.


Are the feds going to print more money via QE3? Where's the money hole?

Connecting the dots. From this story:
Printing More Money: Analyst Says to Prepare for 3rd Round of Quantitative Easing
QE1, QE2, and now, QE3? No, those aren’t British monarchs. Rather, they’re the numbers and letters that have become synonymous with the Federal Reserves practice of printing money and flooding the market with cash through the use of the bond market. By buying up bonds, the Fed has to “print money” to cover the sale. And when more money hits the market, so too does inflation.

The Fed has already gone through two rounds of quantitative easing, and now one analyst says we should get ready for a third round.

Simon Maughn, co-head of European equities at MF Global, told CNBC Wednesday that he sees the move on the horizon, and once again the U.S. will be a big buyer.

“The bond market is going in one direction which is up-falling yields which is telling you quite clearly the direction of economic travel is downwards. Downgrades. QE3 (a third round of quantitative easing) is coming,” he said. “The bond markets are all smarter than us, and that’s exactly what the bond markets are telling me.”


To the following still appropriate satire: