“China Property Bubble May Lead to U.S.-Style Real Estate Slump”
Although the Chinese government still tries to hold onto its communist ideals in name, China is really just as heavy into capitalism as America is. The practice of “flipping” property is a good short-term means of making money, but investing too heavily into it can have major pitfalls, as was shown in the American property market during this current recession. If China wants to continue moving forward, it needs to stick to an economy based on manufacturing.
“Ethiopian Farms Lure Investor Funds as Workers Live in Poverty”
African agriculture is a sound investment right now, particularly considering few people are actually invested in it. Land values, to buy and to maintain, are incredibly cheap right now, even in comparison to other poor, largely agriculture-based areas of the world. Unfortunately, workers who previously tended to their own land have become employees to these investors, and the workers’ pay is barely enough to sustain life for themselves and their families.
“‘BioWillie’ Chief’s Questionable Comeback”
Dennis McLaughlin, head of Evolution Resources, is trying to break into the biofuel industry, but he failed to tell his investors about his colorful past, where he ran another company into the ground with a similar project. Also, there are allegations that he impropriety occurred regarding the sudden jump in value of the empty property where the old biofuel project was to take place. It seems to be this person emphasizes raising capital at any cost, as opposed to actually creating a sound business, especially considering a large chunk of his money was raised by celebrity endorsements of a concept.
“2010 Tech Career Outlook”
The fact so many IT jobs are being sent overseas is not surprising. It is equally not surprising that the IT jobs that will be available are going to be increasing in sectors that are still trying to get off the ground, such as fully blown cloud computing. But, as the article says, countries such as India and China have no desire to continue to be sources of cheap labor for lower-end IT positions; these countries will want to compete against the U.S. and Europe. Although this is an obvious claim, the key for the United States to maintain technological superiority is through continuing innovation.
“Need a job in IT? The cloud needs you”
Cloud computing is not entirely brand new technology, but innovation is in progress to make cloud computing the way of the future, as opposed to specialty or novelty technology as it is now. Regardless, creating such a transition requires qualified people who have an updated skill set. Although the author of the article is confident cloud computing will go forward, he also believes salaries for qualified people will skyrocket, due to a lack of competent people in the sector.
“Keys to Next Year: Stimulus, Employment”
The current recession has caused general investment volatility. The author mentions a bond bubble near the end of the article, and although that sounds worrying, it just seems to be an effect of investors having run away from stocks when the stock market had its freefall in late-2008. Furthermore, the article mentions how there may be a major selloff of stock in late-2010 as a result of lessening stimulus packages. To me, the economy sounds like the tide that goes in an out like it always does, but the waters are just a little choppier than usual right now. Obviously, real estate also took a hit, and appears to only be stabilizing a marginal amount, but I wonder how other investments are holding up, such as commodities.
“Amazon May Pay for Touting Kindle Without Details”
What is interesting is the level of controversy over such as small percentage of Amazon’s profits. I wonder if the worry is over Amazon’s possibly making less money on the Kindle as it should right now or if there is a greater worry over the e-reader market as a whole, which Amazon currently leads. Amazon touts high numbers and percentages of e-book sales, but is the craze really latching on as much as they want us to believe? Why would Amazon be more worried about creating “media buzz” about the Kindle than being more honest with investors?