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MSNBC News: "Second Life Bank Crash Foretold Financial Crisis"

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RL News About Virtual Worlds
Written by Nicolo Luminos   
Sunday, 30 November 2008

For SLReports.net Sunday Front Page

In a November 21st, 2008 article for MSNBC.com, journalist Jeremy Hsu asserted that the collapse of Ginko Financial foretold the US Subprime Credit Collapse and resulting bank failures and stock market plunges. It is easy to draw broad analysis to the situations, and perhaps more appropriately, the recent Linden Lab's Openspace Policy Change to a collapse of the US Housing Bubble, but Hsu was happy with using only web-searchable information that is over a year old.

Last Updated ( Monday, 01 December 2008 )
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Fallout from the Reuters Abandonment

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RL News About Virtual Worlds
Written by Nicolo Luminos   
Sunday, 30 November 2008

For SLReports.net Sunday FrontPage

Eric Reuters and the Reuters crew have been quit of Second Life for going on two months, but that does not stop secondary coverage of his personal blog post about the closing of the Reuters hub from appearing in such bastions of Journalistic Excellence as Britian's The Register and The Guardian.

Last Updated ( Wednesday, 03 December 2008 )
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Threats Of Banishment From ESN

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Stock Market
Written by Alessandra Narayan   
Sunday, 30 November 2008

For SLReports.net

Stray Underwood, CEO of Express Shopping Network (ESN), was very clear in his latest announcement of a Board meeting for Wednesday, 3 of December.

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Market Summary November 30 2008

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Stock Market
Written by Nicolo Luminos   
Sunday, 30 November 2008

Market Summary November 30, 2008

1.SLCAPEX Market Volume: 320,345 Most Active: HIFI(SLCAPEX)
2.ISE Market Volume: 167,486 Most Active: VLADA(ISE)
3.ACE Market Volume: 120,466 Most Active: VI89U(ACE)

4.VSTEX Market Volume: 39,892 Most Active: ITA(VSTEX)



Major Indexes (at November 30 Market Open):

VSTEX 460.50 (+3.8%) [VSTEX]
ISE 68.72 (+0.1%) [Luminos
SLCAPEX 30.69 (-6.2%) [Luminos]
ACE 31.49 (-19.1%) [Luminos]
MIF 1.203394 NOV20: 0.006375 (0.00%) [MIF]

Last Updated ( Sunday, 30 November 2008 )
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Angelus Project and SLPayExchange Team Up

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Stock Market
Written by Nicolo Luminos   
Saturday, 29 November 2008

From SL-Newspaper.com

The Angelus Project announced this week that they have come to an agreement with SLPayexchange.com to manage services, support, and technical problems of the website and promotion of the upstart currency exchange. The arrangment is expected to be in full force by the start or middle of next month.

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ACE and SLCAPEX Indexes Rebound from Losses

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Stock Market
Written by Nicolo Luminos   
Saturday, 29 November 2008

From SL-Newspaper.com

The Ancapistan Capital Exchange (ACE) and Second Life Capital Exchange (SLCAPEX), Second Life's two biggest and most active stock exchanges, rebounded yesterday from losses suffered the day before.

Last Updated ( Saturday, 29 November 2008 )
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The Fotherington Insurance Group and Grant Development Bond Reach Agreement

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Stock Market
Written by Nicolo Luminos   
Saturday, 29 November 2008

From SL-Newspaper.com

Yesterday The Fotherington Insurance Group (TFIG : ISE) and Andy Grant, CEO of the Grant Development Bond (GDB : ISE) have entered into an insurance agreement which allows shareholders of GDB(ISE) to buy insurance on their holdings of GDB(ISE) from TFIG(ISE) at a 50% discount, up to L$10,000.

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MIF Investment Results Through November 20, 2008

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Stock Market
Written by Nicolo Luminos   
Saturday, 29 November 2008

From SL-Newspaper.com

On November 16, 2008, I deposited L$2,000 into the Metaverse Investment Fund, which seeks to achieve capital growth by engaging in virtual world currency arbitrage, as well as providing quotation services and liquidity at various virtual world currency markets.

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