Quoted: Google is down $35 a share to around $451 and continues to be under pressure. Why? comScore came out with January U.S. paid search data and it doesn’t look good. Google’s sponsored clicks were down 7 percent month-over-month, effectively flat year-over-year and down 12 percent quarter-over-quarter.

Thankfully the U.S. markets are closed today.

Quoted: Monday has proved another black day for Indian Stock Market as on Jan 21, 2008. Indian bourses have seen the biggest ever fall in the stock Market history breaking all major supporting levels.

Quoted: How big is online video and music? Big enough to catapult Akamai to the top spot. Internet traffic is surging, and companies like Apple and MTV Networks rely on the content delivery company's technology to get the digital goods to their customers.

I think this is a very smart move.

Quoted: McDonald's is setting out to poach Starbucks customers with the biggest addition to its menu in 30 years. Starting this year, the company's nearly 14,000 U.S. locations will install coffee bars with "baristas" serving cappuccinos, lattes, mochas and the Frappe, similar to Starbucks' ice-blended Frappuccino.

Quoted: The economic story of 2007 is where the money is coming from. The capital that is propping up our companies and economy is coming from China, The Middle East, and Russia. On Monday we learned that middle east capital was required to shore up the balance sheet of Related Companies, one of NYC's largest real estate developers. Today, we learn that Morgan Stanley is getting bailed out to the tune of $5bn from China Investment Company.

China now owns 10% of Morgan Stanley. Also...

Quoted: A number of other large investment banks have also received cash injections from sovereign wealth funds.
...
In October, Bear Stearns agreed to a $1bn investment from Citic Securities, which is controlled by China's government.
...
Meanwhile, Citigroup sold a stake worth $7.5bn to the Abu Dhabi government's investment arm.

Quoted: As any student of macroeconomics knows, central banks struggle to achieve both objectives simultaneously in the face of strong inflows of capital. Printing rupees to buy the incoming dollars keeps the currency cheap but also adds to the money supply, stoking inflation.

Quoted: HONG KONG (Reuters) - The quality of Chinese home loans is worse than in the United States, where a subprime mortgage crisis is causing turmoil in global financial markets, according to a prominent academic quoted in a Hong Kong newspaper on

Also,

Quoted: Defaults in the U.S. subprime mortgage market now total about $200 billion, on some $1 trillion of loans, according to Credit Suisse.