Mamata H

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Adobe Releases New Creative Cloud Apps

Back in May, Adobe announced plans to abandon its Creative Suite to focus on several new Creative Cloud apps, including Photoshop CC, InDesign CC, Illustrator CC, Dreamweaver CC, and Premiere Pro CC, among others.<p>As of today, those apps have been made available for users on a subscription basis. …

OBAMA DEFENDS SECRECY: 'We Could Not Have Carried Out The Bin Laden Raid If It Was On The Front Pages'

Obama suggested that Americans have to accept some level of "covert activity" from the federal government.<p>"We could not have carried out the [Osama] bin Laden raid if it was carried out on the front page of the papers," Obama said, bluntly.<p>Obama went to great lengths to defend the NSA programs, …

Surveillance

ANALYST: Now That The Cheap Money Is Coming To An End, We Can See The Bubble To End All Bubbles

There's a Warren Buffett quote that's something akin to: When the tide goes out, you can see who's been swimming naked.<p>That's the theme of a note this morning from SocGen analyst Kit Juckes, who says that as rates are rising, and tapering talk picks up, it's beginning to be clear where the …

Stock Markets

The Brazilian Market Has Had A Horrendous Year

Riots have broken out in Brazil. Notionally they have to do with an increase in bus fares, but they have to do with bigger issues related to inequality, and how much the government is spending on things like hosting the World Cup.<p>The Brazilian economy is not well.<p>All you have to do is look at a …

Stock Markets

Can The World Afford Higher Interest Rates?

That’s the end of QE tapering talk then? Not quite, but it should die down somewhat, given U.S. Fed Reserve conduit Jon Hilsenrath’s latest kiss-and-tell article in <i>The</i> <i>Wall Street Journal</i>. Thankfully, it might also stop all the blather about the U.S. and global economies recovering (they’re not) and …

Cameron Announces That G8 Will Focus On 3Ts: Taxes, Transparency & Trade

As the G8 Summit kicked off today, all eyes were on British Prime Minister David Cameron to set the agenda. He announced that three Ts, <b>taxes, transparency, and trade</b>, would be priorities as world leaders settled in for the two day conference.<p>G8 is term for the Group of Eight, a group of the …

Chinese Supercomputer Is Now The World's Fastest - By A Lot

Every six months, the Top500 organization reveals its list of the world’s fastest supercomputers. And for the past few lists, there’s been a lot of movement. In June 2011, it was Japan’s “K” supercomputer. In June 2012, it was IBM‘s Sequoia. In November 2012, Cray took the lead with its Titan …

China: Massive Credit Bubble Fueled By Shadow Banking And Securitization Could Collapse Banks

The unprecedented level of credit expansion in China has gotten to the point where it dwarfs anything we’ve seen before with overall credit now at about $23 trillion, making a severe banking crisis a very real possibility.<p>With a shadow banking system that is becoming increasingly prominent, the …