Apple and Google likely in the bidding for Nortel’s patents, which could fetch $1 billion — Reuters
There’s some easy fun to be had with the information in the Gawker Media hack. It’s interesting to know that Nick Denton used the same password across various different sites like Google Apps and Twitter and that it’s an all-digit code which makes a pretty pattern on a standard number pad. On top of that, one user with a usdoj.gov address uses the password “parasite”, while another uses the password “Princess”; meanwhile, a NASA user has the password “pervert”.
In cases like that of the Chicago parking meters, I have a certain amount of sympathy for the privatization argument. But New Jersey Transit parking spaces aren’t Chicago parking meters, and so I’m entirely in agreement with Yonah Freemark that privatizing NJ Transit’s parking lots is a very bad idea.
Paul Kedrosky loves playing around with word clouds, and generated this one from the new Bloomberg Businessweek profile of Larry Fink. It’s cute, as Paul notes, that Goldman and government seem to intersect. But it’s also interesting to see how prominent Goldman Sachs is — it’s the only bank in the cloud.
David Bornstein has a great post about ESOP, an Ohio non-profit which acts as a middleman between homeowners and lenders, and which does a much better job of getting modifications done than banks and borrowers are if left to their own devices. He writes:
A politician whipping up a storm over artificial manipulation of the CDS market? So far so boring. But this time it’s different: the politician in question is Senator Carl Levin, and he has explicit emails from Goldman Sachs (oh yes) which show bond trader Michael Swenson trying to engineer a short squeeze in CDS: