Platforms were all in this together and together in one make it fit in stay safe everybody. Stay safe stay safe please stay safe. Linux we pedia and firefox all have one thing in common their source code is open meaning everyone can work on the code but recently Major Tech Companies have several big open source projects how will that impact the open source space will it become less open our topic today on shifts. Open Source Software is unique in that it lets anyone access and develop at source code the open Source Movement emerged as the antithesis to commercial Software Businesses tech giants tend to keep their proprietary code secret Companies Like microsoft sell Extensive User licenses of its patented code the companys founder bill gates even referred to open source projects as a new form of communism now microsoft has shelled out 6500000000 euros for good hap a key open Source Software Development Platform and i. B. M. Recently bought open Source Software developer redhat for a st
The show. Oil finding some support from markets as we still get earnings coming out. Fiat chrysler withdrawing its full year 20 guidance. They plan to restart production as conditions allow. About 100djusted ebit million euros. Nonetheless, continuing to see withdrawn guidance. Really hard to make a decision as a Portfolio Manager when you dont know what the outlook is going to be. It is time now for todays market moving news from our brussels and new york teams. We want to begin in europe, where germanys top judges gave the ecb a threemonth ultimatum to fix qe. The court ruled that some aspects of its Asset Purchase Program arent backed by eu treaties. Going to brussels is maria tadeo. What does it actually mean, and have we seen any response from the eu on this . Maria it is a bombshell, really. The judges are basically saying overall, there is no monetary financing, which would be illegal, but some aspects of qe are unjustified, and not backed up by european treaties, which means th
Then you succeed remember in america possession is 9 tenths of the law now if you dont compete successfully then you get thrown out of the game basically but thats the way it is in the United States and. Having said that when you talk about banks being bailed out by the fed and you talk about all of the high yield bonds being owned by the major banks and they are being bailed out thats clearly unfair but the response cant be that we need to institute more laws because we already have laws theyre breaking the laws in the case of this s. P. V. With that high yielding e. T. F. J m k they broke the law so theres a fairness implies and justice said this and hes part of the judicial system of courts of law. If breaking the law is without penalty then it just doesnt make sense to introduce new laws in terms of the fairness ok these banks took on bad debts that mostly in the fracking sector and they were doing their part because remember Time Magazine said america the saudi arabia of america e
Got harder to buy a house from tuesday this week customers applying for a new mortgage will need a credit score of at least 700. 00 and we acquire to make a down payment equal to 20 percent of the homes value but this is an interesting concept one of fairness as it relates to the economy and its not really baked into be american system is not designed to be fair because fair is what is fair for one person is unfair to another person and thats a highly subjective term what america relies on is free market capitalism it relies on competition and if you are successful competing and you succeed remember in america possession is 9 tenths of the law now if you dont compete successfully you get. Thats thrown out of the game basically but thats the way it is in the United States and. Having said that when you talk about banks being bailed out by the fed and you talk about all of the high yield bonds being owned by the major banks and they are being bailed out thats clearly unfair but the respo
Wealthy and the connected so when weve already covered the trillions going to the banks instantly and the fact that the ordinary person is struggling to read well you know waiting desperately for the stimulus checks to arrive to them the measly little ones you know when the fed is buying these collateralized Loan Obligations you have to realize that 81 percent of them are owned just by j. P. Morgan Wells Fargo Bank of america and citibank just those 4 banks own 81 percent of it so those are the guys getting bailed out by the fed in the meantime u. S. Housing j. P. Morgan chase to raise mortgage borrowing standards as Economic Outlook darkens it just got harder to buy a house from tuesday this week customers applying for a new mortgage will need a credit score of at least 700. 00 and will be acquired to make a down payment equal to 20 percent of the homes value but this is the mantra. Saying concept one of fairness as it relates to the economy and its not really baked into the american