Category: Economy
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Carlos Slim brings broadband Internet to Caribbean cruise ships
In a move that could revolutionize the Caribbean cruise industry, Carlos Slim’s telecommunications giant, América Móvil, has announced that it will be offering satellite connectivity services to cruise ships navigating the region. This agreement between América Móvil’s Brazilian brand Embratel and the satellite services company Speedcast will provide broadband Internet services on board ships, using […]
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Samsung’s $25 Billion Gamble in Texas
South Korea’s Samsung Electronics Co Ltd is making a bold bet with the construction of its chip plant in Taylor, Texas. With a total cost of more than $25 billion, the world’s largest memory chipmaker is investing far more than the initial estimate of $8 billion. The increased cost is mainly due to inflation, and […]
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Hand Wringing In The IT Space Needs Company By Company Analysis
Today’s mixed report that the US labor market added more than a quarter million jobs but had unemployment rise should indicate that some sectors will maintain historical demand, while others will suffer downsizing driven by market conditions. In my view, the 18 month long stint for easy debt financing environment is the real culprit for […]
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The Fed Is Committed To Lowering Inflation At Job Market Expense
While CNBC is not necessarily known as the most non-partisan entity, Marc Sumerlin is not prone to hyperbole. In his view, Fed Chairman Powell is committed to breaking the trend of an expensive labor market. Unemployment numbers must rise in order to reduce the amount of discretionary funds available in the US economy. These two […]
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