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


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

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    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.

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