Best of the Blogs: Does Tim Cook's Visit to China Signal a New Apple?
Minyanville's daily roundup of some of the best financial commentary from around the Web.
China Realtime Report
Link: New Apple? Tim Cook Breaks with Tradition on China Trip
"Apple CEO Tim Cook's trip to China has broken with the company's traditional style in more ways than one. Firstly, he's here. Apple's late co-founder Steve Jobs never traveled to China on official business as CEO in such a public and visible manner, even as the world's most populous nation was fast becoming the lead market for PCs and smartphones, and even in the face of criticisms of its supply chain here." (Also read Can IBM, Microsoft, and Google Stand Against Apple Long-Term?)
The Capital Spectator
Link: Another Four-Year Low For Jobless Claims
"Initial jobless claims dropped to another four-year low last week, the Labor Department reports. That's another sign that the labor market is likely to continue expanding, perhaps at a moderately faster rate than we've seen in recent months. New filings dropped 5,000 to a seasonally adjusted 359,000 for the week ending March 24. (Today's update reflects an annual data revision going back to 2007 and so the latest numbers don't correspond with last week's report.)" (Also see Jobless Claims Miss Expectations.)
Link: Silence, Then Frustration at MF Global Hearing
"Top MF Global executives and their lawyers have been meeting with federal authorities investigating the collapse of MF Global and the firm's misuse of customer money, according to testimony before a Congressional panel on Wednesday. The testimony, delivered by the firm's general counsel and two top finance officers, indicated that the federal investigation was progressing five months after the brokerage firm filed for bankruptcy on Oct. 31."
Link: Amazon Web Services' Big Free Genetic Database
"Amazon's cloud computing unit, Amazon Web Services, will store for public use the entire contents of the National Institutes of Health's 1000 Genomes Project, a survey of genetic information from 1,700 individuals that is some 200 terabytes in size. Anyone can access the information for free, and there is no requirement to share any research results."
Link: Fighting With Spanish Windmills, Or How Spain's Debt/GDP Ratio Is Double What Is Reported
"When I first attempted to find a more realistic debt to GDP ratio for Spain, Belgium, Italy et al I did it on a stand-alone basis; no inclusion of their European liabilities. When I approached Germany, given their size and importance in the EU, I focused upon their liabilities to the European Union. Several institutions have since asked me to consider the total liabilities for each country as every nation in the European Union has national debts as well as debts for their percentage of ownership for the EU and the European Central Bank."
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