IBM released the first mainframe computer system that uses Linux as its operating system. In fact, they now have an entire line of computers that uses only Linux as its OS. This might mark a revolution both for IBM and for the growth of Linux.More...
The Enron debacle has shown once again the smelly underside of the American campaign finance system. What Democrats wish it was it can not be. It is not a political scandal. It is a business scandal that requires political action.More...
Gateway Computer announced more job cuts last week and the first thing I saw was how Gateway cast a shadow on an the entire PC industry. This is yet another example of the herd mentality punishing an industry for the sins of one of its admittedly more prominent members. Thank you for playing come again, the pundits got it wrong.More...
Alan Greenspan lifted the air of gloom and doom last week with upbeat testimony before Congress. The message was so clear that there was no need for any of the Greenspan tea leaf readers to parse the remarks. The economy is doing just fine and there is no need for further rate cuts.More...
Invoking the words and spirit of Thomas Paine, investor-turned-historian John Bogle concedes that his ideas for revamping the mutual fund industry are perhaps "not yet sufficiently fashionable to procure them general favor." But despite likening the "ills and injustices suffered by mutual fund investors" to those "our forebears suffered under English tyranny," Bogle--founder of the Vanguard Group--makes a strong case for index funds with this exhaustive study of investing.
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