Cartoosh: Blog

Browsing Archive: April, 2009

Wall Street Gave Ground to The Swine Flu Outbreak

Posted by Cartoosh on Tuesday, April 28, 2009, In : Stock market 
Swine Flu card
4/27/2009

The U.S. stock market gave up some ground concerning the more virulent condition of the swine flu. It was reported that the swine flu's death count in Mexico grew to about 150 people from 100 and that cases in the U.S. doubled to about 40.

The Dow Jones industrial index fell 51.29, or 0.6 percent, to 8,025.00. The Standard & Poor's 500 index fell 8.72, or 1 percent, to 857.51. The Nasdaq composite index fell 14.88, or 0.9 percent, to 1,679.41. The Russell 2000 index of smaller comp...
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Glimmers of Hope for U.S. Economy

Posted by Cartoosh on Friday, April 24, 2009, In : Stock market 
Glimmers of Hope postcard
The recent rally in the stock market has been led by the very same financial sector that dragged down the market. Thanks to the modified mark-to-market accounting rules, several banks have seen much improved balance sheets and reported better than expected earnings for the first quarter of 2009.

What's the magic about "the modified market accounting rules"? Here is the excerpt from Barron's:
Dick Bove, the dean of bank analysts, now with Rochdale Securities, explains how mark-to-market ac...

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Wall Street and Main Street

Posted by Cartoosh on Wednesday, April 22, 2009, In : Stock market 
Wall Street and Main Street card

4/22/2009

Investors on Wall Street have observed a strong rebound starting in early March after the year-long bear market. The stock market has dismissed dismal economic data and ignored the fact that most Americans are still losing their jobs and struggling to make ends meet. Granted, the market has its own right to do so in anticipating an improved U.S. economy in the second half of the year. Although left out of the Wall Street party this time, we from the remote Main Street pray that th...


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Free Music Download in China

Posted by Cartoosh on Thursday, April 9, 2009, In : Music 
free music downloads in China

4/8/2009

After years of legal actions without success against piracy in China, the world’s biggest music record labels decided to adopt the old wisdom: "If you can't beat them, join them."

Last Monday, the record labels, including EMI, the Warner Music Group and Vivendi’s Universal Music, said they would offer free downloads of music to people in China via top100.cn - a Google's partner.

OK. That part is easy. But, do they still want to make money in China? After observing how Google rack ...


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Sadness in April of 2009

Posted by Cartoosh on Tuesday, April 7, 2009, In : Economy 
killing related to economic stress
4/4/2009

Americans were in shock over the last few days due to a series of killings across the country.

A married couple were discovered inside their burning home in Herndon early Thursday in Fairfax County of Virginia. Police believes that the husband stabbed his wife to death and then set their home on fire. In Pierce county of Washington on Friday night, an angry farther who had dispute with his wife killed his wife and five children, before committing suicide. In Binghamton, New York, a gu...
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