Friday, October 12, 2007

The! Biggest! News! of! the! Day! - Not General Electric Earnings, JPMorgan Job Cuts, or Oracles's Bid for BEA Systems

Here are some of the contenders for today's biggest...news...of...the...day...

  • Oracles's (ORCL) pursuit of BEA Systems (BEAS)...
  • The retail sales report that showed "a surprisingly better-than-expected bounce"...
  • A shakeup at Citigroup (C)...
  • The PPI report which showed that "producer prices rose a larger-than-expected 1.1% in September, but core inflation increased a tame 0.1%"...
  • Earnings from General Electric (GE) that matched analyst expectations...
  • Job cuts at JPMorgan Chase & Co (JPM)...
  • A look into what went wrong the Bear Stearns hedge funds...
  • The argument that "this market rally has legs"...
  • A push by eBay (EBAY) into social networking...

While those are all stories worth watching, I think it is obviously clear that the biggest story is this - No sex for 40 mln years? No problem for 1 organism...according to the article, "One microscopic organism has thrived despite remaining celibate for tens of millions of years thanks to a neat evolutionary trick"... The researchers said "The question...was how the creatures found in pools of water accomplished this feat without the gene-swapping made possible by sexual reproduction"...

I don't want to delve to far into this topic, but I would just like to go on record as saying I don't like where this research is headed. No good can come of this...okay, maybe "no good" is too harsh but at least "no fun"???

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