Day: October 10, 2006

Does the YouTube Acquisition Mark a Web 2.0 Peak?

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Google, Inc. (NASDAQ: GOOG): 2:15 PM NYC time, October 10th: Still almost two hours left in the trading day, but GOOG is working on a major intraday reversal, as is the rest of the market, notably the Cubes (NASDAQ: QQQQ), which have run up in low volume on last week’s breakouts. At $1.6 billion for a reportedly unprofitable YouTube, with all its copyright infringement lawsuit risk, this will be interesting to watch. I am 100% bullish on the growth of UGC (user generate content) on the Internet, but…

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Article: Bush’s ‘Axis of Evil’ Comes Back to Haunt

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From the Tuesday, October 10, 2006, Washington Post:

Bush’s ‘Axis of Evil’ Comes Back to Haunt United States
By Glenn Kessler and Peter Baker

Nearly five years after President Bush introduced the concept of an “axis of evil” comprising Iraq, Iran and North Korea, the administration has reached a crisis point with each nation: North Korea has claimed it conducted its first nuclear test, Iran refuses to halt its uranium-enrichment program, and Iraq appears to be tipping into a civil war 3 1/2 years after the U.S.-led invasion.

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