Online bank NetBank was closed by the federal regulator today. FDIC arranged its takeover by ING Direct. This is consistent with what FDIC usually does, as described in my previous post What Happens When a Bank Goes Out of Business.
1,500 unlucky customers have $109 million over the FDIC insurance limit. That’s an average of [...]
If you want a cool gadget for $399, would you buy an iPhone or two of these XO Laptops, one for you and one for a child in a developing country?
The XO Laptop is a cool product from the One Laptop per Child project. It is designed from the ground up as a rugged, inexpensive laptop for [...]
It’s not official yet, but I suspect it will be shortly. The summer 2007 subprime induced stock market correction is over. The emerging markets index already went over its previous peak by about 4%. The S&P 500 and MSCI EAFE indexes are about 1% shy of their previous high. Given the daily volatility, the stock markets can easily reach new [...]
[Updated on October 3, 2007. Added links to follow-up posts.]
I haven’t forgot my promise to Ted and Brad to write about my asset allocation and rebalancing thresholds. I wanted to make a wizard but I gave up, for lack of time and programming skills. Maybe some of those days. Better get this out before I leave [...]
