“Google+, with 100 million active users, still has a long way to go before being anywhere near social network rival Facebook’s nearly one-billion subscribers. But it has been working hard to leverage its substantial audiences in other areas to do just that. And today saw the latest advance in that area, with the double news that it is launching Google+ Local, and sunsetting Google Places, its older, less social version of local listings and local search.”

Full article 

Rather than fight for innocence and proving ethical behavior $WFC would rather pay $432 million and move on.

Full article

Mary J. Blige has learned a valuable lesson about running a charity since her foundation was slapped with a $250,000 lawsuit — telling TMZ, she let dumbasses handle her finances … and now she’s paying the price.

TMZ broke the story … Mary J. Blige and Steve Stoute Foundation for the Advancement of Women Now is being sued by TD Bank over a $250k loan it took out back in June 2011.

READ THE REST HERE 

This is bullshit. Someone is trying to fuck with people here. I’d ignore the “crisis” reaction in Asian trade tonight. The Heng Seng went “ex-dividend”, which is exaggerating the move lower.

“The Chinese government’s intention is very clear: it will not roll out another massive stimulus plan to seek high economic growth,” Xinhua said in the seventh paragraph of a Chinese- language article on economic policy. “The current efforts for stabilizing growth will not repeat the old way of three years ago.”

Premier Wen Jiabao’s call last week to focus more on boosting economic growth has spurred speculation the nation will step up measures to boost expansion that’s set to slow for a sixth straight quarter. Economists at Credit Suisse Group AG and Standard Chartered Plc said yesterday that stimulus is likely to be smaller than the 4 trillion yuan ($630 billion at today’s exchange rate) package announced in 2008.

Credit Suisse economists said spending on investment will probably range from 1 trillion yuan to 2 trillion yuan. Standard Chartered said China is starting a “mini-me” version of the prior stimulus.

Full Article

Read the bizarre story of convicted bomber and perjurer Brett Kimberlin successfully winning a suit so that a blogger is no longer allowed to write about Kimberlin’s criminal past.

Read the article here.

Fuck the TSA

Full article

I feel like these deadbeats are being reminded just who invented computing.

The most sophisticated and powerful cyberweapon to date — a Swiss Army Knife spy tool that can evolve and change to deal with any situation — has been discovered on the loose in several Middle Eastern countries, security researchers said Tuesday.

The Worm.Win32.Flame threat, or “Flame” for short, was likely built by the same nation-state responsible for the Stuxnet virus that targeted Iran’s nuclear power plant in 2010. But this new weapon is twenty times the size of that cyberbomb and far more powerful, making it practically an army on its own, said Roel Schouwenberg, a senior security researcher with Kaspersky Labs.

“Flame is a cyberespionage operation,” he told FoxNews.com.

Its prime goal: capturing data from a machine. To accomplish that task, this unusually large and complex espionage tool is made up of several modules designed to accomplish specific tasks, explained Liam O Murchu, operations manager with Symantec Security Response.

“It can record your keystrokes, it can record from the microphone on your computer, it can take screen shots, and it sends this info to a remote computer for someone to siphon off,” he told FoxNews.com.

Flame can grow and change, too: What makes this cyberweapon so powerful is the ability to be reconfigured with new modules that turn an infected PC or industrial control system into whatever tool a spy dreams up.

Read more:

$C had killed a panel which oversees toxic assets such as derivatives tied to Greek and Spanish debt. Currently $C has about $200 billion of these types of assets from what we can see. Dont’ forget about Enron style level 5 accounting….

Full article

Very nice….

Full article

An extremely large law firm files for chapter 11 marking one of the largest law firm bankruptcies in U.S. history.

Full article

Listen here to the band’s first album in nine years.

Read the Rolling Stone article here.

Carl is asking for 4 seats on the CHK board and has reported a 50.1 million share take or 7.6%.

“Apple Inc Chief Executive Tim Cook will not be earning dividend income on the more than 1 million shares to which he is entitled, which will cost him about $75 million.

Apple said in a filing with the U.S. Securities and Exchange Commission on Thursday that Cook had asked to be excluded from a recently instituted company program through which employees can accumulate dividends on their restricted stock units that are still vesting.”

Full article

[youtube:http://www.youtube.com/watch?v=u7P5WP0CSX4&feature=g-all-u 603 500]

Too many to list so get to it here.

Full article

$DOW will pick up some coin for winning an arbitration of wrongly cancelled contracts.

Full article

CICC said they need a CNY600 billion stimulus to support growth, which could drop to 6.4% on a Greek exit.

June 28th-29th