Quantity Theory of Money

Quantity Theory of Money - The theory that says that the value of money is based on the amount of money in circulation, that is, the money supply.

Liquidity

Liquidity - The ease with which somethingof value can be exchanged for the currency of an economy.

Fiat Money

Fiat Money - Money that has no intrinsic value, that is, its only value comes from the fact that a governing body backs and regulates the currency.

Store of Value

Store of Value - A good that holds a value in such a way that its price is fairly insensitive inflation.

money

money-coins and paper currency issued by a government for payment of debts and for purchase of goods and services.

peso

peso-the unit of money in Mexico.

piastres

piastres-a former Spanish silver coin.

Apple envails small iPad, (iPad Mini)

The highly-anticipated tablet computer is a smaller, cheaper version of the tech giant's popular iPad, and a fourth generation iPad.
Apple chief executive officer Tim Cook started off the event saying, ""We have some very fond memories here, and we're going to create a few more today."
But first, Apple senior vice president Phil Shiller took the stage to introduce a fourth generation iPad.
"It is a power house," Shiller said.
37 Photos Apple launches iPad Mini, new MacBook Pro View the Full Gallery »The fourth generation iPad features an A6X processor, 5 megapixeliSight camera, expanded LTE chipset, front-facing camera with FaceTime and 720p video capture, faster Wi-Fi, and Lightening connector. The new iPad is pricedat $499 for a 16 GB model, $629 for a 16 GB model with 4G LTE.
Shiller also introducedan iPad mini. The smaller iPad is 7.2 millimeters thick, 0.63 pounds, comes in white and slate black. The iPad mini's screen is 7.9-inches at 1,024 x768 display resolution.
Apple launched the original iPad in April 2010. The iPad has since dominated the 9-inch tablet market, with a reported 70 percent market share. Cook reported that there over 100 millioniPads have been sold.
The iPad mini starts at$329 for a 16GB Wi-Fionly model, $429 for a 32 GB model and$529 for a 64 GB model.The Wi-Fi only models will ship on Nov. 2. The iPad mini models with Wi-Fi and4G starts at $459 for 16GB, $559 for 32GB, and $659 for 64GB, and is available on Nov. 16.

$138.57 million net profit for LG Q3, keeps the positive trend going

SEOUL, Oct. 24, 2012 ?- LG Electronics (LG) today reported a solid third-quarter performance with the third consecutive quarter of positive net income and all four companies recording strong operating profits. Better-than-expected performance in the mobileand home appliance businesses helped offset a slight decline in overall year-over-year sales for the third quarter.
Third-quarter net profit ofKRW 157 billion (USD 138.57 million) with operating profit recording KRW 221 billion (USD 195.06 million) showed significant improvements from the loss in the same period

What is the future of BlackBerry as users embrace its rivals.

Way back in 1999, Research in Motion (RIM) revolutionised the mobile industry with BlackBerry products and services. In the corporate world, the smartphone is well known for its business-friendly messaging features, security, and reliability. Over the years, the BlackBerry maker has experienced an exponential rise in adoption of its products. This was clear before the company succumbed to the ripple effects of black days in its messaging service and challenges of stiff competition. The BlackBerry subscriber base stands at 80 million globally. A substantial number of these people are loyal to older productsfrom RIM. The challenge lies ahead infuture products and how the company willadjust to trends in the smart world. Currently, users are being lured by alternative gadgets. In the mid-range class of phones, the brand is battling with thousands of Android phones. In the high-end category, BlackBerry faces competition from Samsung, Apple’siPhones, Nokia, and HTC. Firms are allowing their staff to opt for their own desired brands unlike the tradition that saw BlackBerry dominate enterprise employee acquisitions. Shrinking market share As users switch to iPhones and Android phones, the trouble forRIM is a shrinking market share. In the recent quarterly results,the company sold 7.4 million BlackBerry smart-phones and 130,000 PlayBook tablets. The three-month period ending September saw it post a net loss of $235 million. By selling a paltry number of tablets, the BlackBerry company seems to fall short of expectations from users. Apple andSamsung tablet sales are in millions of pieces monthly and this portrays how distant RIM is in the slate race. Besides, there is an un-avoidable competition from tablets from other device makers, especially from Asian countries. One notable feature on BlackBerry phones that makes the gadget unique is messaging. The BlackBerry Messenger (BBM) is quite synonymous withmost BlackBerry users. In the smartphone world, the challenge for BBM lies in free-text messaging Apps. WhatsApp was one thefirst alternatives to the messaging service offered by BlackBerry. It works perfectly on all platforms hence it’s readily available on Android, IOS, windowsphones and Nokia. TheApp has push notifications with free text, images and audiomessages. There are several otherfree-text Apps that are a threat to the BlackBerry messaging service. Besides, Apples iMessage is more similar to the popular BlackBerry Messenger service. The iMessage service is a free text and multimedia service that only worksbetween IOS devices like iPhones and iPads.