Now here’s some really fun economic gossip!
1. Turns out Rogers Canada (owned in large part by AT&T) charges Canadians about 6 (six!) times the price for wireless data than AT&T charges their US customers. Canada: $299/month. US: $63/month. There’s an online petition to Rogers if you care to protest.
2. And on the tech theme, Google just bought Postini Inc. What’s postini? It provides security for e-mail. This means gmail will become even more popular. Google’s stock price rose by $3.16US, while Microsoft fell by 10¢.
3. But that’s all boring compared to what’s happening in China, with their answer go google. It’s a search engine called Baitu, its stock is up 78% this year, and profits will likely increase by 45% each year over the next few years. Its current stock price (P) is also trading at over 100 times what each share earned (E) last year – P/E ratio of 107. (note: this is just a blog! Do your own research – I’m not a financial advisor, simply a humble money coach at Your Money by Design.