The company explained a network configuration change caused the shutdown and described what it is planning to do to prevent similar technical problems from happening again.
Amazon finally explains massive service outage, offers credit – NYPOST.com.
Category: Your Money
Notwithstanding government life-support initiatives, US consumers seem headed for years of retrenchment. Consumption’s share of US GDP currently stands at a sharply elevated 70%. While that’s down from the high of 71.3% in early 2009, it remains fully four percentage points above the 66% norm that prevailed in the final quarter of the twentieth century.
Reversion to that earlier share is likely as American consumers make the transition from the insanity of the boom to the sanity required of the bust. That spells subdued growth in US consumption for years to come – with a predictably massive impact on global consumption. While the US accounts for only 4.5% of the world’s population, its consumers spend $10.3 trillion annually – by far the most in the world.
via How Asia Copes with America’s Zombie Consumers by Stephen S. Roach – Project Syndicate.
Hyundai net profit up 47%
Honda operating profit down 52%
Volkswagen profits triple and Toyota’s halves.
Ford profits surge 22%
Maruti profits almost flat over last year’s.
About 60% of orders into the country’s main exchange are coming from co-located servers shows that high-frequency trading has come onshore in a big way. High-frequency traders tend to stick to liquid stocks and liquid derivatives contracts. Hence, they haven’t yet contributed meaningfully in enhancing liquidity of the other stocks and illiquid derivatives contracts such as stock options while greatly increasing the volatility of the most liquid names.
Combined with the dismantling of SEBI’s existing team, the market is at risk of being swarmed by the bots.
via The changing landscape of India’s equity markets – livemint.com.
Consumers can access their detailed credit report and score by paying Rs. 450 and filling a form at cibil.com and furnishing proofs of identity and address. The bureau’s managing director Arun Thukral said consumers can expect to get a full report and the score within one week to 10 days of applying.
via Cibil score to help borrowers negotiate for cheaper loans – livemint.com.