Best of the Blogs: Want the New iPad? Get in Line
Minyanville's daily roundup of some of the best financial commentary from around the Web.
All Things D
Link: New iPad, Same Long Lines
"Once again, Apple has managed to draw a crowd eager to be among the first to get their hands on the latest iPad. By 7:30 am ET, the line at Apple’s Fifth Avenue store snaked around the side of the store, down New York’s 59th Street past FAO Schwarz, then rounded the corner onto Madison. On par with some launches, the line didn’t reach peak levels in which it made it all the way back around to the front of the store." (Also check out Apple's Butterfly Effect: The iPad's Gorgeous Retina Display Is Propping Up the Stock Market.)
Real Time Economics
Link: Consumer Sentiment Falls Amid Higher Gas Prices
"U.S. consumers were less optimistic in early March, according to data released Friday. Inflation worries seem to be lowering sentiment. The Thomson Reuters/University of Michigan consumer sentiment index in early March fell to 74.3 from 75.3 posted at the end of February but up from an early February reading of 72.5, according to an economist who has seen the report. The latest reading was well below the 76.0 expected by economists surveyed by Dow Jones Newswires." (Also read Fed Up With High Gas Prices? Don't Blame the Speculators.)
Link: Will Hungary Be The Next Iceland?
"When it comes to being a NWO debt slave, one can accept their fate demurely and bent over, like a conditionally habituated dog electroshocked into perpetual submission just as the banker elites like it, with threats that the world would end the second one dared to change the status quo (see Greece), or one can do something about being a debt slave. Like Iceland. And then rapidly proceed to be the best performing economy in Europe. And reading some of the latest news out of Hungary, which has to count its lucky stars is not stuck in the inflexible nightmare that is the mercantilist Eurocurrency union, gives us hope that we may soon witness the next sovereign rebellion against the banker yoke."
Link: With Square in Its Sights, PayPal Debuts Mobile-Payment Hardware
"E-payments service PayPal unveiled new hardware for its payments system on Thursday, signaling in no uncertain terms the company’s intent to fight Square — Twitter co-founder Jack Dorsey’s up-and-coming mobile payments company — for the hearts of customers and retailers everywhere. The new hardware, dubbed PayPal Here, is a triangle-shaped dongle that attaches to the smartphone through the microphone jack and reads credit cards."
Link: Why Banks Will Continue to Rip Off Clients
"Frank Partnoy makes a great point: the word “client” has been over-used by investment banks so much that by this point it “has become Orwellian doublespeak”. But the problem is much deeper than one of semantics. When all counterparties are considered clients, then that creates a corporate culture where all clients are considered little more than counterparties. And that, in turn, can be evil and poisonous."
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