Google CEO Eric Schmidt described his vision of a 100-megabit broadband supercomputer in every pocket.

Schmidt cited an Android application that photographs barcodes, identifies the product, and compare prices online. Another application can take a picture of a menu in a foreign language and translate it.

“The creepiest one of all, take a picture of person — somebody built a demonstration — and we can tell you who that person is,” he said, adding, “By the way, that’s obviously useful if you’re a policeman.”

In a few years we’ll look at our current iPhones the way we view the original PCs now. They were nice for their time, but were toys, weren’t they?

Who knew that greed was good and that’s what Jesus preached? Goldman Sachs does. And wants you to know it.

Rumors circulated today that the government would close its ownership of AIG on terms very favorable to the company. The stock spiked, and the shorts got squeezed. It closed up 14% at 389.22

Look, this is a garbage stock. Why it’s at $39.22 and not $7.00, where it belongs and where it was in March, is beyond me.

But that’s what happens when the government backstops a company then blows out the short sellers.

Well, someone started the rumors, tight?

After several months not trading because the markets seem gamed and were making no sense, I’m starting to trade again. Am focusing on commercial real estate and financials. So far, I have puts on Citi and will probably go long SRS (ProShares UltraShort Real Estate) and short Starwood Hotels (HOT)

A woman called police to report that she was driving drunk.

From the comments at Zero Hedge about the Fed press release about commercial real estate

I am truly depressed. ONLY the FED could come up with this line:

“In addition, performing loans, including those renewed or restructured on reasonable modified terms, made to creditworthy borrowers, will not be subject to adverse classification solely because the value of the underlying collateral declined.”

Please continue to mark to myth because we said it is alright e.g. continue on with the pretend and extend program.

Infectious Greed uncovers the hideous truth. Those whose surname starts with “S” are far more likely to be invited to the White House than the normal distribution of that letter would indicate. As for “Q” and “Z”, they are non-events. Frankly, I’m appalled.

Edible Bacon Fat Candle

A attendant collected money for 25 years at a parking lot in England. Then disappeared. He installed the ticket machine on his own. Estimated take. $7 million.