Lunchtime Links 9-23

September 23, 2009

Kalashnikov faces bankruptcy (Globe & Mail) Knockoffs are cutting into sales of AK-47s….

Stiglitz/Sen: Emphasis on growth misguided (NYT) They don’t emphasize it enough in this piece, but the primary problem with GDP is that it doesn’t account for debt. As long as it’s growing, we congratulate ourselves for successful economic management. But if borrowing is the key driver, previous “growth” melts away when debt is paid back.

AT&T testing “microcells” to boost iPhone performance (MSNBC) Wait. iPhone users are already paying $70 per month for service (minimum). Now we have to pay extra for AT&T to provide an acceptable signal?

U.S. debt crisis may cause “Fall of Rome” scenario, author (Bloomberg)

Bank of America to face SEC trial (ABC) After Judge Rakoff rejected the $33 million settlement between the two parties, the SEC says it will “vigorously pursue” the case.

Mobius on derivatives (CNBC) I’m not sure Mobius is really that close to the derivatives market. But there are some good sound bites in this interview.

Dust storm turns Sydney red (smh.com.au) Great pictures.

VIDEO: Coolest job ever? (adressa.no) Swinging a wrecking ball with a helicopter!

racoon

Comments

There are at least as many copies of the M16/AR15 as the AK 47… not in total volume, but in selection.

This is what happens when, first, you make a rugged product that functions for extended periods of time but doesn’t offer any “value add features” beyond dependable utility.

Next, forced your “client states” to produce to your pattern. Provide then the intial design and tooling.

After that, flood the embattled third world with deeply discounted/free arms as part of your dimplomatic counter to the West’s containment attempts.

Finally, in a desperate attempt to bring in gov’t revenue, agree to sell the production designs and rights to anyone willing to pay an upfront fee.

Add it up and you get an arms company that wonders why it doesn’t get any revenue from copies and can’t find enough demand for its products.

Meanwhile across the global organizations and individuals line up to pay $1,200 plus for a base M-16/4 clone (semi auto) and then to pay $800-1,200 more for extra features.

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