HDD Annual Unit Shipments Increase In 2014

Although flash memory is making inroads on high performance HDD shipments, the recovery in the laptop market and growing needs for massive storage libraries in the cloud and for many emerging enterprise applications will drive HDD shipment and revenue growth for several years to come, assuming continual increases in HDD storage capacities.

The New Greek Finance Minister Has Some Questions For The World’s Journalists

It was a confusing day for Europe, for the new Greek foreign minister, and now for Greece’s new finance minister who hours ago posted a question on his blog to the world’s journalists:

A question of respect (or lack thereof)… – the Greek veto over Russia that never was

On the first day in our ministries, the power of the media to distort hit me again. The world’s press was full of reports on how the SYRIZA government’s first foreign policy ‘move’ was to veto fresh sanctions on Russia. Now, I am not qualified to speak on foreign affairs but, nonetheless, I must share this with you at a personal level. Our Foreign Minister, Nikos Kotzias, briefed us that on his first day at the job he heard in the news bulletins that the EU had approved new sanctions on Russia unanimously. The problem was that he, and the new Greek government, were never asked! So, clearly, the issue was not whether our new government agrees or not with fresh sanctions on Russia. The issue is whether our view can be taken for granted without even being told of what it is! From my perspective, even though (let me state it again) I am certainly not qualified to speak on foreign affairs, this is all about a question of respect for our national sovereignty. Could journalists the world over try to draw this important distinction between protesting our being neglected from protesting the sanctions themselves? Or is this too complicated?

All fair questions. And then at almost the same time we read the following, first from Bloomberg:

EU DECISION ON RUSSIA SANCTIONS WAS UNANIMOUS, MOGHERINI SAYS

And then from Reuters:

European Union foreign ministers extended existing sanctions against Russia on Thursday, holding off on tighter economic measures for now but winning the support of the new left-leaning government of Greece, whose position had been in doubt.

Wampum Prosperity

“Can you create prosperity by creating digital clouds of wampum?” James Grant A friend of mine sent me that quote. It’s a great quote. I don’t know its context, but I think it speaks for itself. I take the money philosopher’s point that there is more to prosperity than wampum creation. However, […]

“The Thread By Which Venezuelan Socialism Hangs May Soon Snap”

Submitted by Pater Tenebrarum via Acting-Man blog,

Fixing the Dollar Drought

Say you are a socialist, and you have intervened heavily in the economy. Suddenly, things don’t work as you thought they would. Somehow, economic laws seem to refuse to bend to your will. However, you cannot really believe that since according to your convictions, wealth is a byproduct of government plans and decrees. Moreover, your predecessor (also a socialist revolutionary) had the best advice oil money can buy – even from people who are now advising socialist parties over in good old Europe. So the solution to the unintended consequences of the initial intervention is to intervene further, in an attempt to refine the plan, so to speak.

You may have heard about a certain proverb attributed to Einstein about insanity, but you can’t quite recall what it was. So you try again. And again. And again. Chances are, your name is Nicolas Maduro. But eventually, you quit trying – sort of.

“Lost In Translation” Error Sends Belarus Bonds Plunging

Yields on Belarussian bonds exploded from 12% to 25% in the space of a few minutes this morning following reports that President Alexandr Lukashenko raised the prospect of restructuring the former Soviet republic’s external debt. As Bloomberg reports, the 2018 bonds collapsed from over 90c to 65c even as Lukashenko said Russian President Vladimir Putin was prepared to provide $500 million of aid if the situation gets “very difficult.” However, two hours later