Monthly Archives: May 2014

Cloud Wars: Now Even the CIA Slams IBM’s Technology

by Wolf Richter •  • Comments Off on Cloud Wars: Now Even the CIA Slams IBM’s Technology

Our spoiled American tech heroes yearn to get those big-fat contracts with the Intelligence Community. But it seems IBM is far better at financial engineering than actual engineering.

China’s Oil Giant At Center Of Corruption Probe

by Oilprice.com •  • Comments Off on China’s Oil Giant At Center Of Corruption Probe

Grins were on the faces of CNPC executives as they celebrated a blockbuster 30-year deal for Russian gas. For some, however, those grins might turn to grimaces; CNPC has been caught up in a series of highest profile corruption investigations.

This Happened Twice Before, And Each Time Stocks Crashed

by Wolf Richter •  • Comments Off on This Happened Twice Before, And Each Time Stocks Crashed

In 2000 and 2007. The consequences were spectacular. Now, it happened a third time in fifteen years. And it’s forming an increasingly terrifying chart.

Argentina Fesses Up: Price of Milk Doesn’t Lie, But Politicians Do

by Contributor •  • Comments Off on Argentina Fesses Up: Price of Milk Doesn’t Lie, But Politicians Do

By Sam Pothecary, Argentina: It said the economy shrank for the first time since 2012. This is confusing to us who live here: Does that mean it had been growing for years of peso devaluations, soaring inflation, unemployment, strikes, rising poverty and crime?

Airbus CEO Calls For Currency War, Shoots Himself in Foot

by Wolf Richter •  • Comments Off on Airbus CEO Calls For Currency War, Shoots Himself in Foot

Boeing got more orders in the first quarter than archrival Airbus. So at the ILA Berlin Air Show, Airbus CEO Fabrice Brégier spoke up against this ridiculous injustice. True to his Frenchness, he exhorted the ECB to do what central banks are supposed to do.

Why Fast-Food Workers Are An Endangered Species

by James Murray •  • Comments Off on Why Fast-Food Workers Are An Endangered Species

By James Murray: 30 years ago, if you’d told me I’d go to a fast-food joint, order on a tablet, and eat a machine-made burger, I would have said, “No way.” And today?