Some great British humor for the weekend, mentioned in a recent Casey Research newsletter. You will hear about Apples (AAPL), Research In Motion’s (RIMM) BlackBerry, and Microsoft’s (MSFT) Windows. By the way, non-techies should know before they watch: Orange is a European cell phone service provider, a dongle is a short wire adapter that connects a computer to an Internet cable, and black spots are wireless dead zones.
Archives of “apples” tag
rssGrade 3 Math Assignment
Grade 3 Math Assignment
Tom has 1 apple.
Tom has promised to give Robbie, Jim, Anne and Mary, half an apple each.
How does Tom get 4 half apples from 1 apple?
Bonus Question:
While Robbie, Jim, Anne, and Mary are waiting for their half apple, Tom gets hungry and takes a couple bites out of the apple. How does Tom now turn a half eaten apple into 4 half apples?
And you aren’t allowed to call it an iApple and say it can do anything.
Here is the basic problem and why Italian and Spanish bonds are getting crushed again today (ignoring horrific unemployment data out of Spain).
If Italy defaults with a 40% recovery, there is 1.613 trillion euro of debt affected (that is up about 10 billion in about a month). That means creditors would lose 970 trbillion. Spain with 663 billion would cost almost 400 billion (its debt has shot up about 15 billion in a month).
The problem is that EFSF doesn’t take default off the table. It may delay the time to default (by helping roll debts as they mature), but all it mainly does is shift who would take the loss. The guarantors can’t handle losses that big. (more…)