Short takes on a Friday afternoon where the stock markets worldwide are committing seppuku.
WSJ: US Stock Futures Lower; Little Solace From Obama Jobs Proposal
Oh, grow up! The stock market today is not reacting to President Obama's speech. Look at what is happening worldwide: the Dax (Germany) is down four percent and the CAC 40 (France) is down over three.
Let's let the adults talk about things...
naked capitalism: Few options left to save the euro zone
In June, I wrote that the chances of a euro zone breakup are now increasing, giving background for the current political turmoil surrounding Greece. My conclusion was “the policy decisions that governments and the EU are making cannot be maintained politically in the periphery or in the core”. A few days later, Nouriel Roubini wrote a very good note explaining then why the Eurozone could break up over a five-year horizon. We both stated that the key to maintaining the euro zone at all was the potential for closer integration of the member states. But the German Constitutional Court decision makes this nearly impossible.The discussion in the comments is almost as good as the post itself.
ABCNews: Feds: Zawahiri Launched Al Qaeda Terror Plot for 9/11 Anniversary
U.S. authorities are scrambling to sort through information that the CIA developed in the past 24 hours indicating that at least three individuals entered the U.S. in August by air with the intent to launch a vehicle-borne attack against Washington, D.C. or New York around the anniversary of 9/11, according to intelligence officials.Computerworld: Adobe brings Flash-free-Flash to Apple iPad, iPhone
Officials say the alleged terror plot was initiated by new al Qaeda chief Ayman al-Zawahiri, Osama bin Laden's successor, who had pledged to avenge bin Laden's death earlier this year in a U.S. raid.
I didn't write about this yesterday but this may end up being a big thing, or maybe not. Basically what this is all about is Adobe recognizing that Apple won't be changing their minds about Flash anytime soon and rather than allowing a third party to come up with a HTML5 streaming option they've done it themselves through Flash Media Server 4.5.
Just to be crystal clear: this not about adding Flash to your iPhone or iPad, this is about allowing Flash content to be streamed to these devices by having the originating server convert the content so it can be viewed on an iOS device. It's an Adobe product, to be sold to Adobe.
The alternative would be that you don't use Flash at all, in which case Adobe loses, so it is easy to see why they finally are moving in this direction.
Oh, and this will certainly cost you From the announcement: Adobe Flash Access 3.0 is offered at per unit CPM pricing. Adobe Flash Media Streaming Server 4.5 is offered at US$995. Adobe Flash Media Interactive Server 4.5 is offered at US$4,500.
WSJ: Apple Wins Battle Over Samsung in Patent War
I've had this story as part of the Short Takes headlines seen at the top-right of this page all day. To me this all getting boring, but if this is your cup of tea...
mobiheathnews: US regulators remove two acne medical apps
In a watershed moment, the FTC this week fined two app developers who falsely advertised that their smartphone apps could treat acne. The apps, AcneApp and Acne Pwner, were sold in the iTunes App Store and Android Marketplace, respectively. The settlements ban the developers from stating certain health-related claims without scientific evidence. AcneApp’s developer has to pay the FTC $14,294 and the developer of Acne Pwnder must pay $1,700.Turns out that these apps were removed from the app stores long ago, though the read question should be 'how did they get approved in the first place?'
More short takes:
- Bloomberg: AOL Said to Discuss Deal With Yahoo Advisers – party like it's 1999!
- paidContent.org: More Bad News For Groupon: Sales Team Files Class-Action Suit – Of course, it's a boiler room. That's what the business model is.
- CNN: Stocks plunge amid deeper fears about Europe – Hey, somebody got it right.
- PCWorld: Google Music Comes to iOS as Web App – I didn't even know Google had a band?