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Best of the Blogs: What Caused the Euro Spike?


Minyanville's daily roundup of some of the best financial commentary from around the Web.

This column highlights the most interesting and useful business and financial commentary from around the Web each day. Use our comments section to post your own suggestions for blog content that you've read or written.
Zero Hedge
"Wondering what caused the sudden spike in the EUR? Wonder no more, for JPMorgan's (JPM) Greg Fuzesi merely put into words what everyone else had been speculating since this morning, namely more easing coming from the ECB. To wit: 'We suspect the ECB's first response will be in terms of new liquidity measures. The commitment to supply unlimited liquidity at the regular refis (1-week, 1-month and 3-month) expires in mid-July and an extension of this should be announced at the June meeting. Whether the ECB will also announce some LTROs (likely of maturities up to one year) at the June meeting is less clear....'" (Also read As Europe Falls, Expect Precious Metals to Rise.)
Financial Times: BeyondBRICS
"Goldman Sachs (GS) is going big in India. The investment bank has signed the biggest commercial real estate lease in the country's history.Goldman is to lease 1m sq ft of office space in Bangalore, India's IT capital, to house its 4,000 employees working on its back-end processes – from technology to finance – in three purpose-built buildings that will be ready in 2017."
New York Times: Green
"As John Broder and I write in Thursday's Times, the Obama administration is backing Shell's (RDS-A) audacious efforts to open Alaska's Arctic waters to oil drilling. The plan offers the promise of greater national energy security, the thinking goes, and economic benefits for Alaskans. But the Inupiat Eskimos who live closest to the drilling on the Beaufort and Chukchi Seas, who are the most likely to benefit economically, are also most likely to suffer if there is an oil spill." (Also read Oil Earnings: How Does BP Stack Up Against Its Peers?)
Wired: Enterprise
Link: IBM Outlaws Siri, Worried She Has Loose Lips
"If you work for IBM (IBM), you can bring your iPhone to work, but forget about using the phone's voice-activated digital assistant. Siri isn't welcome on Big Blue's networks. The reason? Siri ships everything you say to her to a big data center in Maiden, North Carolina. And the story of what really happens to all of your Siri-launched searches, e-mail messages and inappropriate jokes is a bit of a black box. IBM CIO Jeanette Horan told MIT's Technology Review this week that her company has banned Siri outright because, according to the magazine, 'The company worries that the spoken queries might be stored somewhere.' It turns out that Horan is right to worry. In fact, Apple's (AAPL) iPhone Software License Agreement spells this out: 'When you use Siri or Dictation, the things you say will be recorded and sent to Apple in order to convert what you say into text,' Apple says." (For related content, see Microsoft's Secret Weapon Could Destroy Apple's Siri.)
Link: Obama Wants Government Agencies to Focus on Mobile Apps
"President Barack Obama has ordered all government agencies to offer more of their services in the form of mobile apps. A new memo called 'Digital Government: Building a 21st Century Platform to Better Serve the American People' requires each agency to make at least two services, used by the public, available on mobile devices within 12 months."

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