European Stocks Drop as Libyan Unrest Continues; OMV Falls
The Stoxx Europe 600 Index fell for a fourth day, its longest losing streak since October, as Libyan leader Muammar Qaddafi vowed to fight a rebellion.
BusinessWeek.com — Finance
The Stoxx Europe 600 Index fell for a fourth day, its longest losing streak since October, as Libyan leader Muammar Qaddafi vowed to fight a rebellion.
BusinessWeek.com — Finance
Most European stocks slipped, with the Stoxx Europe 600 Index declining for a fourth day, as Libyan leader Muammar Qaddafi vowed to fight a rebellion. Asian stocks dropped and U.S. futures rose.
BusinessWeek.com — Finance
The Stoxx Europe 600 Index fell for a fourth day, its longest losing streak since October, as Libyan leader Muammar Qaddafi vowed to fight a rebellion. Asian stocks declined and U.S. futures rose.
BusinessWeek.com — Finance
Silver shortage lingers on. The comex silver stocks are at a four year low. Physical silver bullion demand is up and rising. The industrial demand for silver is increasing as well. They are demanding higher grade silver stocks for production which is putting a squeeze on the entire market. The silver price will have to go up to get the physical investor to sell some of their holdings back into the market. Silver mines are not keeping up with the demand and are having to borrow silver for their own hedge programs. James Turk thinks that this could be the beginning of the collapse of the dollar. Economic collapse will follow. www.reuters.com James Turk interview kingworldnews.com
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Apple Continues Its Exclusive Ways (NASDAQ: GOOG, AAPL)
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Apple Continues Its Exclusive Ways (NASDAQ: GOOG, AAPL)
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Today, Google was enraged at the release of the new iPhone and iPad operating systems rules. The new terms exclude any company whose primary business is not service mobile ads, which targets Google and its newly acquired AdMob platform. Competing networks such as AdMob will be unable to collect data from iPhone users. Developers will not be able to use third-party analytics software in their applications to collect and send device data to third parties for any usage as well. Finally, developers must ask Apple’s permission to collect specific info about their users and may only disclose user data to independent advertising service providers.
To summarize, developers can only use iAd to collect information from iPhone and iPad users and may only use this gathered information with companies that are too small to compete with Apple, thus rendering all of the big players attempting to gain market share in the space inoperable.
Apple products and networks are becoming a more closed system with every new release. Do I agree with the idea itself, no, but I have to give it to the company for being very wise. Whether these new terms will be reviewed legally is still unknown, but you can bet that Google will find some way to retaliate in some form against Apple. You can also bet that many of the advertisers and ad platforms will now flock away from the iPhone and iPad.
Heavy advertisement revenue could give Google the advantage in promoting the open source-android operating system.
In the old technology world, the two heavy weights were always Microsoft and Apple. The day is rapidly approaching where Google will be Apple’s main competitor. Open-Source versus Closed-Source programming. The war of mobile operating systems has begun, and it may be only a matter of time before Google’s PC operating system is announced as well. Who knows what the search giant has up its sleeve.
Google is currently trading at 4.62 while Apple is trading at 4.90
Disclosure: no positions
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I lost my iphone, and have registered my phone with apple, is there a way to recover my data without the phone?
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Google Street View Continues to Raise Privacy Concerns
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Home Page > Internet > SEO > Google Street View Continues to Raise Privacy Concerns
Google Street View Continues to Raise Privacy Concerns
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Google Street View, a Google Maps feature that lets users see images of streets and the surrounding areas, continues to generate controversy. Since its launch in May 2007, the feature has prompted questions about whether it constitutes an invasion of privacy, complaints about inappropriate images, and even a lawsuit.
Aaron and Christine Boring vs. Google
The lawsuit came from a Pittsburgh couple in April 2008. The couple lives on a private road. However, Google’s Street View team travelled down the road and continued taking images all the way up to the couple’s home. The images were then posted to Google Maps and included close-ups of the couple’s home, swimming pool, and outbuildings.
Google’s response? “Complete privacy does not exist in this world except in a desert, and anyone who is not a hermit must expect and endure the ordinary incidents of the community life of which he (or she) is a part (1).”
While Google’s assertion that its Street View imaging team is an “ordinary incident of community life” is far-fetched, Google does make some good points in its response. Namely, that the plaintiffs could have simply requested that Google remove the offending images from Street View via a form available on Google Maps. Instead, the couple filed suit and in doing so have made the matter public record and ensured that the images will be viewed by even more people.
Since the lawsuit, Google has removed the images in question, but the suit remains open.
The Borings’ Neighbors
On Goldenbrook Lane, a nearby street, some of the Borings’ neighbors also had an incident with the Street View team. In this incident, the Street View team drove up Goldenbrook Lane and into the driveway of the McKee residence. They continued to drive, snapping Street View images the whole way, up to the garages of the McKees (2). While it appears that the McKees didn’t resort to a lawsuit, Google has removed the images of the home that were taken from private property from Street View.
Street View in California
In California, the antics of the Street View drivers continued. Drivers reportedly went on over 100 private roads in Sonoma County according to an analysis done by PressDemocrat.com. In another instance, Street View drivers went past two no trespassing signs as they photographed the 1,200 foot private road leading up to Betty Webb’s house in Humboldt County. In another incident reported by PressDemocrat.com, Street View drivers ignored a no trespassing sign, passed through a gate, and drove through someone’s yard on a dirt road near Freestone.
Street View and U.S. Military Bases
In March 2008, the Pentagon requested that Google remove some images of military bases taken from public streets due to the potential threat those images posed to national security. “It actually shows where all the guards are. It shows how the barriers go up and down. It shows how to get in and out of buildings,” said General Gene Renuart, commander of U.S. Northern Command (3). According to Google spokesman Larry Yu, Google has honored the Pentagon’s requests (4). However, the Pentagon was still reviewing the many images of military facilities that were included in Street View (5).
Street View Goes Global
After the complaints in the U.S., other countries warned Google that Street View would have to be modified to comply with their stricter privacy laws. To this end, Google has improved facial recognition technology so that it can find faces in images and blur them so that they are unrecognizable. This technology has also been applied to license plates. The blurring feature has since been applied to U.S. Street View imagery in addition to images in other countries where Street View is now available.
Accountability
While Google has removed some of the aforementioned locations from Street View, the burden to monitor Google’s actions, be it Street View or other Google services, continues to fall on people like you and me. With regard to Street View, Google argues that “many people–visitors pulling in the driveway, neighbors turning around at the end of the road, deliverymen delivering packages–can all plainly see the exterior of the (Borings) home (6).” While these examples are likely accurate for the Borings and the population in general, they involve people that we know or strangers that we requested to come to our homes. Private residents didn’t request that Google visit these neighborhoods nor would residents reasonably expect that someone would be driving down their streets taking photographs of everything. In fact, I suspect that if you or I were to do the same thing, someone would call the police and we’d have some difficult questions to answer down at the station.
Potential Consequences
So, what could the consequences of Street View be? Well, while the feature has been used to aid police in a kidnapping investigation (7), I think the feature could be far more useful to criminals. For example, a criminal could use Street View to case a neighborhood–checking Street View for cars that are parked in garages or driveways so they could know when someone isn’t at home, scan the yards and windows for any signs indicating that homes have security systems, check the proximity of neighboring houses using Street View and Google’s satellite imagery, look for signs of pets that could pose problems for a thief, see if the homes have newspapers delivered (which might help the thief determine if the residents were on vacation) and, assuming the criminal found a good candidate, select a few potential access points (like open windows) for breaking into the home. If the Street View car happened to pass through your neighborhood on garbage day, the camera might even capture the box of that new HDTV you got. Scary, huh?
Protecting Your Privacy
So how can you protect yourself? First, check your address using Street View. To report a concern with Street View imagery, enter the address you desire and click “Search Maps.” Then, click “Street View” in the thought bubble that appears on the map. Once the “Street View” image appears, click “Report a Concern” in the bottom left corner of the Street View image and enter the details of your complaint.
Second, be mindful of how your information is used and act when you feel your privacy is being threatened. Google’s Street View can be a helpful tool, but it is meant to help Google sell ads and make money, not protect your privacy. You can write your local, state and federal representatives and even the local paper to voice your opinion.
Oh, and if you believe as Google does that “complete privacy does not exist,” then you should check out the house where Google CEO Eric Schmidt reportedly lives using satellite imagery from Google Maps. It looks like he has had some construction done in the past few years. A simple Google search of the address (366 Walsh Road, Atherton, CA) will tell you that Schmidt merged two adjacent lots in 2001 (8) to create the new lot and then added a new fence, retaining wall, and drainage in 2004 (9). Eric, that creepiness that you’re feeling is probably approaching the level of the people who had Street View vehicles in their driveways. So, while it is Google’s mission to “organize the world’s information and make it accessible and useful,” the company should thoroughly consider how that information can adversely impact the same people it is meant to help.
Sources
1. Preliminary Statement.” Boring vs. Google, Allegheny County, PA
2. TheSmokingGun.com “Google is in Your Driveway!”
3. Reuters. “Google pulls some map images at Pentagon’s request.” Mar. 6, 2008.
4. Ibid
5. Ibid
6. Preliminary Statement.” Boring vs. Google, Allegheny County, PA
7. Telegraph.co.uk. “US police use Google Street View to find missing child.” Jan. 9, 2009
8. Town of Atherton City Council Minutes, May 16, 2001.
9. Palo Alto Online, September 24, 2001.
(C) Medium Blue 2009
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Brian Cooper is the director of online public relations at Medium Blue. He has a bachelor’s degree in marketing and a MBA in management from Georgia State University where he graduated summa cum laude. His articles have been published on numerous websites, including The American Chronicle, IM Newswatch, IT Business Net, Search Engine Guide, SEO News, Site Pro News, and TechLINKS. Medium Blue Search Engine Marketing was named the number one organic search engine optimization company in the world by PromotionWorld in 2006 and 2007.
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Bull Continues to Run Backwards, World Economy in Shambles!
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Home Page > Business > Online Business > Bull Continues to Run Backwards, World Economy in Shambles!
Bull Continues to Run Backwards, World Economy in Shambles!
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Posted: Oct 22, 2008 |Comments: 0
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Stock markets managed to close last week in the black, but with the FTSE trading in a 700 point range and the Dow a 1600 point range, it was anything but a quiet week. The state of the financial markets still maintained centre stage, but attention has now started to shift to the wider economy. Unfortunately sentiment is no better there and it would be fair to say the state of the world economy is hardly grounds for optimism. The now deeply wounded financial sector was arguably a significant catalyst for the above average stock market returns seen since the mid 90’s. The leveraged buy outs and easy credit fuelled buying across many asset classes. Many are now speculating that it could be decades before we again see bull markets of the calibre of the last 20 years.A recovery is of course not out of the question, but the sustained, aggressive buying we have seen since the ‘big bang’ may be a thing of the past.
After the groundbreaking part nationalisation plans from the UK government, it was a mixed week for UK banks. Leading financials may now be safer than they have been for some time, but a large proportion of the share price of any company is expectations for future growth and dividends. That future growth now looks to be severely limited for many reasons. It was reported that Lloyds TSB was lobbying to be able to pay its shareholders dividends. With much of the sentiment and credit worthiness of a financial shares tied to their share price, it is little wonder that UK banks are keen to be able to maintain a dividend payment of sorts. UK banks have hardly moved upwards since the announced bail out plan, not least because the plan cut off the income element that had attracted many to invest in the banks over the last few year.
With the focus of market participants being almost entirely on the disasters in the financial sector, the dramatic reversal in energy prices has been easy to miss. Since peaking in July of this year, crude prices have halved to a barrel. While this is good news for consumers, it may actually be bad news for major stock markets in the near term. Energy firms such as Exxon Mobil and BP make up a significant proportion of their respected indices so their rapid declines with falling oil prices have weighed heavily on markets such as the FTSE. Since the start of October, the S&P 500 has moved in almost perfect tandem with oil prices.
Energy prices have fallen with commodities as the former global boom turns to a global slow down. Mining stocks such as Kazakhmys were the biggest fallers last week. Even China’s once double digit pace of growth has now slowed, curbing demands for raw materials and energy. The Baltic dry freight index, a bell weather for global trade, is down by 75% since May 2008. The question is no longer whether the US, UK, or parts of the Eurozone with go into recession, but how deep that recession might be.
Many are drawing parallels between the recent turmoil and the great depression era around 1930. It is interesting to note that the last time the Dow Jones dropped by 7.5% or more three times in a single month was 1929. Then, as now there were big falls followed by snap rallies, followed by further selling. Anyone thinking that this couldn’t get any worse might want to take a look at the performance of the Dow after it recovered off the 1929 November lows. After rallying to 300 over then next 6 months, the Dow subsequently rolled over and dropped a massive 84% to 50. While this may not happen this time, it is worth considering that a fall of this magnitude has happened before.
A Double touch trade returns a profit if both predetermined barriers are hit within the time limit. A Double touch trade predicting the Dow Jones (Wall Street) will hit 10,600 and 7150 in either order over the next 180 days could return 520% at BetOnMarkets.
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The keys to the market are discussed here and in the video below. The markets dropped dramatically lower today as China raised interest rates in a surprise move. The SPDR S&P 500 ETF (NYSE:SPY) opened at 7.19 after closing yesterday at 8.54. The markets shot lower after this move by China because it also strengthened the US Dollar. When the Dollar goes higher, the markets go lower. The PowerShares DB US Dollar Index Bullish (NYSE:UUP) is currently trading at .60, +0.28 (+1.25%). As the markets flushed into the 10:00am ET time frame, it appears POMO (Permanent Open Market Operations) by the Federal Reserve stepped in to prop the markets up once again. The markets are far off their lows, trading at the highs of the day. The market has shrugged off earnings from Apple Inc. (NASDAQ:AAPL) and International Business Machines Corp. (NYSE:IBM). Gold is getting hit dramatically today as is oil. The move by China hit commodities hard. The SPDR Gold Trust (ETF) (NYSE:GLD) is trading at 1.27, -3.01 (-2.24%) while the United States Oil Fund LP (ETF) (NYSE:USO) is trading at .41, -0.87 (-2.40%). Gareth Soloway Chief Market Strategist www.InTheMoneyStocks.com