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...suspect the folks complaining about the iPad's alleged read-only bias will look exactly like the folks who argued that Apple was screwing over developers in the spring of 2007. To argue in good faith that Jobs and Apple are not committed to user-created media is to ignore the entire first wave of Jobs' reinvention of Apple: the iPod may have turned Apple into a Wall Street icon, but it was the iMac and the whole iLife digital-hub positioning that brought the company back from the dead. During the iPad keynote, four of the most impressive...

Author: /time Magazine | Title: Questions (and Answers) on the iPad's Shortcomings | 2/2/2010 | See Source »

Speaking of said camera - yes, I was disappointed that the iPad did not launch with one. But I think there's a very good case that it was worth it to ditch the camera to get to the $499 price point. The value of that number shouldn't be underestimated; everyone loves to bash Apple for its pricing hubris (particularly on hyped products like the iPad where you know they could effectively price it like an Aston Martin for the first month and still have lines at the Apple Store). But among all the complaints about the iPad launch...

Author: /time Magazine | Title: Questions (and Answers) on the iPad's Shortcomings | 2/2/2010 | See Source »

...trillion in market capitalization in the word's financial markets looking for investments. That money can now move around very easily. But even if a relatively small portion of that money goes after something - say, mortgages - it can quickly cause a bubble and a crisis. So all this good work we have done in the past few years to make our capital markets more efficient and open has also made them very hazardous, and we haven't done anything yet to address that problem. (See pictures of TIME's Wall Street covers...

Author: /time Magazine | Title: An Ex–Goldman Partner Lets Loose on Wall Street | 2/2/2010 | See Source »

...want a system where firms are able to take risks, but we have to protect ourselves from the risks eating us alive, which can happen when the risks are concentrated in just a few banks. Breakups would distribute risk over a greater number of players and would probably be good for the banks as well. Most financial firms are trading at very low multiples these days because of their inherent trading and balance-sheet risks. Most investors just can't understand them. They are too much like black boxes. Once you lessen the risk, the value of the strong underlying...

Author: /time Magazine | Title: An Ex–Goldman Partner Lets Loose on Wall Street | 2/2/2010 | See Source »

...Touati both say that states must freeze their spending at current levels to speed up a return to economic growth. But when that happens, they add, governments must also start slashing budgets, reducing expensive state services and cutting jobs - all the things that tend to weigh economies down in good times. Why? Because they say the only way big-spending nations can avoid implementing drastic debt-reduction measures is by prompting massive GDP growth - something few observers see happening anytime soon...

Author: /time Magazine | Title: The U.S. Is Not Alone — Europe's in Debt Too | 2/2/2010 | See Source »

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