Best of the Blogs: Will North America Become the Primary Source for New Energy?
Minyanville's daily roundup of some of the best financial commentary from around the Web.
"Earlier this week, Citigroup's Ed Morse previewed the bank's new energy report, "Energy 2020: North America, the New Middle East?" in a Wall Street Journal op-ed. Yesterday the bank released the full report-and it's a doozy. In the report, Citi's strategists argue that North America could become the largest provider of new energy during the next decade, as new technology adds once inaccessible sources of fuel to the mix." (Also read 5 Renewable Energy Projects That Could Be Game Changers.)
Link: New Unemployment Claims Drop To A New 4-Year Low
"New filings for unemployment benefits dropped to another post-recession low last week, the Labor Department reports. The case for expecting economic growth, in other words, just got a bit stronger. Initial jobless claims slipped to a seasonally adjusted 348,000 for the week through March 17, the lowest level in four years. With each new low in this series, arguing that a recession is brewing looks a touch more challenged." (For related content, see Recession Lessons: Three New Money Rules.)
Link: Apple's New Fraud Problem: Cracked Walls and Broken Promises
"Apple's announcement of a dividend and stock buyback was a welcomed boon to already well rewarded shareholders. Yet to be addressed, however, is a critical issue that affects even more vital stakeholders - its customers and developers. The rising chorus of complaints about fraud perpetrated through the App Store is a major risk for Apple's golden status." (Also read More Trouble at the App Store.)
Link: Is the New iPad Screen Too Good for the Web?
"Apps, games and e-books may look great on the new iPad's high-resolution "retina" display, but it's unclear whether Web sites will get the same treatment. Pick up a new iPad and load a Web site, and you'll often see crisp, clear text next to not-so-sharp photos. That's because most Web developers are still considering whether they want to upgrade their sites to deliver higher-resolution images and videos for the new iPad, which has a 2,048-by-1,536-pixel display."
Link: Does it Pay to Hire Top Banks?
"Studies have shown that if anything banks with a smaller market share win better deals for clients. Ranking by volume also gives banks an incentive to advocate deals with no business rationale, which may contribute to the small (or negative) returns for bidders in most mergers. Despite all this, companies still select their most trusted advisers from the league tables. Surely only a muppet would make such a choice?"
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