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One Response to “Financial News 8/17/2012- Chemical Weapons in Syria, Facebook Hits All-Time Low, Verizon Cable Deal”

1. 

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   17. Aug, 2012

   How many troops does it take to secure VX, Sarin and tabun?
   Apparently fifty to sixty thousand ground forces may be needed to
   secure chemical and biological agents in Syria following the ousting
   of its President, Bashar al-Assad. The United States and its allies
   have been discussing contingency plans should all of Assad’s forces
   fail at key installations where the chemical and biological agents are
   created and stored. However, the estimated sixty thousand troops
   would only be enough to secure those installations, not keep peace in
   the nation. It is also unknown exactly how many weapons sites exist
   so that number may only increase as America and its allies look deeper
   into the issue.

   It’s too bad for Facebook the saying isn’t what goes down must
   come up. The company’s stock fell to an all-time low yesterday and
   closed only a few cents higher at 19 dollars and 87 cents, nearly half
   of its IPO price. The reason, investors aren’t convinced of the
   company’s business model and additional shares were freed up, allowing
   underwriters to sell their shares in the company. The shares that
   were freed up today only make up 14 percent of the total shares that
   will be available for sale in the coming months. Why do I get the
   feeling Facebook will soon be filled with more spam an advertisements
   as the company tries to prove it can make a profit. My prediction,
   this is the beginning of the end for a flailing social network that
   users have become less and less engaged with.

   If you thought monopolies were dead you might want to think again,
   yesterday the federal government granted approval on a very
   controversial deal between four cable companies and Verizon Wireless.
   The deal could cause problems for consumers raising costs for already
   pricey internet, phone and television services all the while
   diminishing options for those dissatisfied with Verizon service.
   Verizon Wireless’s $3.9 billion dollar acquisition of wireless
   spectrum from the US’s largest cable providers did not come without
   limitations, The Justice Department is not permitting Verizon stores
   to sell TV or broadband from Comcast, Time Warner Cable or Bright
   House Networks, in any area where it currently sells Verizon TV and
   Broadband service. In the home broadband sector, Verizon FiOS has not
   proven to be a large threat to other cable companies, with large
   expansion costs and unreliable technology. Many critics feel that
   Verizon’s most recent deal only strengthens their belief that the
   company has dropped the ball on FiOS leaving the home broadband market
   to cable.