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The 404 416: Where our stocks are on fire and Jill hoses us down

Jill Schlesinger of CBS' MoneyWatch joins the show to talk about the economy. So it turns out that things aren't going to collapse, and we're not going to have to sell our bodies in a barter system. That doesn't mean, however, that we're out of the woods, and Jill is here to show us the way out. Throw in a little bit of health care, a little bit of Social Security, and a garlic smell? Only on The 404!

For the last couple of months, stocks have been soaring more than 50 percent since their March low. Jill says all that means is that the market doesn't think we're headed for Great Depression 2.0, but that doesn't mean we're out of trouble. In the dark, we imagine what V-, U-, and W- recoveries would look like. Strange... Justin, is that your hand on my leg?

Further down the line, we jump into the health care debate. Jill tells us her generation is screwing our generation and not in a good way. Essentially, they took all the good health care, and we (the 20-somethings) will just not be able to afford the premium "best health care" in the world, when we really need it. And somehow, Wilson reveals some of his Republican leanings? Say what?

Finally, we get into personal savings for the future, and we pick up the ashes of our 401(k)s. So while your parents may have lost a bundle on their retirement funds, we 20-somethings still have another 40 years before we really have to worry about our returns. Meanwhile, Social Security is a toss-up. Jill wants to advise President "Barry" Obama that the easy solution to fixing the "Third Rail" of American politics is just tying benefits to an age index. People are just living too long...death panels, any one?

Wow! So we hope you finally learned something on The 404. We sure did! Send in your feedback to the usual at the404 [at] cnet [dot] com. Follow Jill on Twitter. Or leave us a voice mail at 1-866-404-CNET, and you can debate us on the finer points of the liquidity of the money supply and U6 unemployment figures.

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Simple stock ticker

Catfood Quote gives users a simple way to monitor their favorite stocks on their desktop. By allowing quotes to be easily entered and viewed, Catfood Quote is a simple program that will earn a lot of fans.

The program's interface was delightfully easy to manage and navigate. It embeds itself into the toolbar and provides intuitive areas to enter data and a simple way to read the results. Users will most likely not need to consult the Help file to operate this program. Checking stock quotes involves a few simple steps. Users simply choose the stock exchange they prefer … Read more

McAfee seeks gag on exec ousted over options

Former McAfee President Kevin Weiss, exonerated of wrongdoing in a stock option-backdating scandal, plans to ask a judge on Monday to unseal the arbitration award that cleared him of wrongdoing and ordered McAfee to pay damages for firing him without proper cause.

Three years after being unceremoniously ousted from McAfee amid the options mess that was sweeping through corporations at the time, Weiss is attempting to clear his name in public.

"If an executive is terminated, how does he get his reputation back? Is it even possible to do that?" Weiss' attorney, Scott Fletcher, asked rhetorically in a … Read more

Umoo boasts virtual trading without much risk

Umoo is a virtual stock-trading platform that is, admittedly, a little late to the market. There are several virtual stock-trading games, including a prominent app from Marketwatch called the Virtual Stock Exchange. Realizing that, I wasn't sure if there was any more room for a game like Umoo.

I'm still not entirely sure.

Umoo (pronounced You-Moo) was originally started in Israel, but it has quickly made its way to the United States. In fact, the game originally only allowed gamers to trade on U.S. markets. But after building a small following, the company realized that it wasn't maximizing its monetization potential, so it opened it up to global markets to attract English-speaking gamers around the world. And that's where it finds itself today.

The premise Umoo is a virtual stock-trading game. But it does it a little differently than most of its competitors. Rather than ask you to invest in a handful of companies and see how you did after the market closes, Umoo tries to replicate a real stock-trading environment by providing real-time trades. So, if your portfolio includes Best Buy and its share price is tanking for some reason, you can dump the stock and buy something new. It makes Umoo more realistic.

Winning some cash Although you're given 100,000 virtual points to trade with in free games, Umoo's real appeal is in its cash games. Those games, which are created by Umoo employees, require all players to pay an entry fee before they can join the game. After investing the cash, each player is given the same amount of money to invest with during the timed game. The players with the highest returns on investment win cash prizes. Paid games run "24/5", since global markets aren't open on weekends.

I was a little disappointed with Umoo's profit-sharing plan. Games can be played for as little as $1, but some go up to $100. In either case, Umoo is taking the lion's share of the cash. For example, one $5 game that's currently available in the app, awards the winner $11.96 for achieving the highest return on their investment. Umoo has, so far, collected $65. An Umoo representative told me that the percentages it takes from each game decline as the cash pool increases, but I noticed a sizable discrepancy in every game between the amount of cash available and what the person actually wins. If the company wants to attract more users, it needs to pay more cash.

During my meeting with Umoo, the company was also quick to remind me that it is legal to play. Even though cash does exchange hands, the company said Umoo is a game of skill, rather than chance, making it legal across the globe.… Read more

Your shipping companion

Have a bunch of boxes that need to be shipped on pallets but aren't sure how many will fit or what size shipping containers or pallets to use? This program will help you make all of those calculations.

Quick Pallet Maker would be easier to use for those familiar with shipping than those who are not. At first glance, the program and all of its menus and options might appear daunting to users who are unfamiliar with the world of shipping. When we opened the program, it told us what option to select to begin usage. We tried out … Read more

IBM: Three tiers for scale

As transactional data volumes increase, system architecture must stay flexible and be able to scale in accordance.

Back in September, the London Stock Exchange experienced a significant interruption when a proprietary system built on Microsoft technology went offline. Few details were shared, but I eventually cobbled together a rough explanation of what happened.

The stock exchange's system hung due to a "coincidence" (whatever that means) that stopped data from processing. What appears to have happened is several Windows processes, including message processing, crashed at the same time due to a configuration glitch. Because the applications were so directly tied in to Windows, the impact affected everything instead of just one component.

I spoke on the phone with Craig Hayman, vice president of IBM's WebSphere, discussing how open standards and design principles allow for more robust system architecture. Craig explained that the stock exchange incident was likely a result of being too dependent on a myopic structure rather than relying on a three-tier architecture that's been proven to scale.

It feels a bit old-school to talk about three-tier architectures in this day of Ruby apps built in 15 minutes, but the fact is you need separation and best-of-breed components when you are dealing with large transaction volumes and varietal peaks. … Read more

Facebook stock trading open; valuation $6.5 billion

Facebook employees and investors can now sell some of their stock to Digital Sky Technologies, the Russian investment firm that infused $200 million into the social network this spring.

Part of the deal at the time of the investment would be that Digital Sky Technologies would buy back up to $100 million in common stock from shareholders whose shares have vested.

Now, Digital Sky Technologies is purchasing stock at $14.77 per share, which assumes a valuation of about $6.5 billion for Facebook, according to Brad Stone of The New York Times, who first reported the news. That's … Read more

Angelle Sampey joins the 6 Second Club...again

Y'know, I dig cars and car racing. But I also appreciate motorcycles and bike racing as well. And I think I'm long overdue to show a little love for motorcycle racing. And to keep with this week's salute to the women of motorsport racing, I have selected a hot vid of Pro Stock Motorcycle superstar Angelle Sampey.

Besides her status as a female in a male dominated sport, Angelle Sampey is a rare breed in the bike racing world. She owns a record of consecutive qualifying races starting with her debut in 1996, leaving her previous career … Read more

'Wunderkind' Erica Enders in action at Bristol Dragway

It's a safe assumption that women could have a hard time being taken seriously as competitors in the professional auto racing world. If you factor in being on the younger side of the age spectrum, getting respect is probably that much tougher. Well, in today's blog post in this week's salute to women drivers in the car racing world, we take a look at young Erica Enders and her rise to prominence in the auto racing world.

Erica Enders was born in 1983 and began drag racing at the tender age of 8. Erica chalked up 37 … Read more

At-a-glance stock information

Stock Ticker Application Bar does exactly what it sets out to do: it adds a running stock ticker to the top of your screen. It wasn't the most attractively designed program we've seen, but the no-frills approach makes it easy to operate and use.

As soon as you click on the program's desktop icon, a ticker-style bar is added to the top of your window. The attractive ticker is colorful without being garish, and it quickly displayed the most current stock information. It offers backward and forward navigational buttons so that you can easily find specific stock … Read more