Obama Executive Pay 2/4/09 February 4, 2009

President Barack Obama announced a cap on executive pay today, 2/4/08.

President Barack Obama on Wednesday imposed $500,000 caps on senior executive pay for the most distressed financial institutions receiving federal bailout money saying that Americans are upset about this situation.

"For top executives to award themselves these kinds of compensation packages in the midst of this economic crisis isn't just bad taste, it's a bad strategy, and I will not tolerate it as president," Obama said during a White House appearance."We're going to be demanding some restraint in exchange for federal aid , so that when firms seek new federal dollars, we won't find them up to the same old tricks."

In 2008, Wall Street paid out 18 billion in bonuses while businesses faltered. Some of the big banks paying out bonuses argue that these bonus money is paid for the right to keep top talent.

But really, where will they go?

Wall Street February 4, 2009 - 2/4/09 NYSE

Today 2/4/09, the stock market futures are bouncing due to the ADP employment report released at 8:15am. The ADP report showed a loss of 522,000 jobs in the private sector. This news is actually better then expected and you might see stocks rally today. The big number comes on Friday, Feb 6th, as the Government will release the real employment report. This employment report will include the unemployment rate and how many jobs the US lost in January. I will also be looking to see if they revise down the December report since Wall Street did not seem to believe the data.

Full Article Here

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T-Mobile G1 Update 2/4/09 February 4, 2009

T-Mobile began sending out an update that adds a couple of new features and fixes some glitches on the G1, its phone that runs Google's Android software.

From the G1 Blog

For those of you with a G1 in the US, the next time you get an Android update (which will gradually roll out starting this week), you'll be able to start searching -- and surfing -- with your voice. And you can use the feature quickly and easily because it's integrated in the Android browser and the home screen search widget. You can start searching by voice with just the touch of a button. On the home screen search widget, look for the microphone button right next to the search box and the search button. Press that button, wait for the "Speak now" prompt, and then say your query. You'll soon see search results formatted for the Android browser.

Xbox 360 Live Update 2/4/09 - February 4, 2009

As some of you might already know, as soon as you sign into Xbox 360 today, 2/4/09, you will be prompted to download the latest update.

What is this Update?

The update addresses the issue that a few people were having with audio and their HDMI connection. This update will be mandatory for all Xbox LIVE members around the world. This update was available on Feb 3rd, 2009.

The problem, which popped up following the November 19 launch of the New Xbox Experience, left some Xbox 360 users without sound on certain HDMI-connected displays. Prior to the NXE, these devices properly outputted Xbox 360 HDMI audio.