Jeff Nolan's take on innovation, entrepreneurship, tech and stuff that interests me
3 facts are evident today after the closing of the Cerberus takeover of Chrysler: Chrysler becomes one of the few privately owned car companies in the world, arguably the only major one. The U.S. debt market is clearly in bad shape with Chrysler doubling their participation in the financing to $2 billion. Jürgen Schremp goes [...]
But only in China. The price cut is the company’s latest effort to tackle the rampant software piracy in China, according to The Wall Street Journal. The theory is that if legitimate software costs less, people will be less likely to turn to pirated versions. Or it could be an effort to thwart the rise [...]
The NYTimes notices the developing crisis in Zimbabwe, observing that the economy ground to a halt a long time ago and has been receding ever since meaning people don’t have jobs, money, food, or gasoline. What I could not help but notice is that the Grey Lady admits that managed economies are bad. "Robert G. [...]