Brian Gongol

If an IBM-to-Lenovo sale sounds familiar, that's because IBM sold its PC division to the same company back in 2004/2005. Now, they may be looking to spin off another low-growth division, and Lenovo may be back with its corporate checkbook.

He's skipping the Jackson Hole conference, which is a big one among the American finance and central-banking crowd. His term is due to expire within a year, and he may simply be ready to pull a George Costanza and go out on a (relative) high note. On the other hand, he would be leaving at a moment when the Federal Reserve has to be watching the economy with great intensity. They've pumped lots of money into the system, but it hasn't started moving very quickly; when it eventually does, the Fed will have to show some very good judgment about pulling that money back off the table in a timely manner, or else we'll see high inflation rates.

It's one of the areas where they probably think they have a competitive advantage against Google

Overreaction is too much like surrender

A NOAA tool lets users see how often heavy rainfalls can be expected. Exactly what would be a 1-in-1,000-year rainfall, for instance?