Good Morning Silicon Valley's John Murrell makes a simple, but vital, point in connecting the dots in the latest Steve Jobs health scare speculation. He describes how a CNN iReport got it wrong, and how the report sent the stock diving, before spawning another ill-informed web debate about "citizen journalism." John's post is worth a read. Here's a key passage: "We need, however, to get one thing clear: No matter how their sponsors spin it, iReport and its ilk are not citizen journalism. They

Well, the action in Russia this week has moved on slightly, and the damage has started to spread from pressure on the domestic stock market (accompanied by capital flight) to the real economy - via a very rapid tightening in credit conditions for Russian domestic users. We are also seeing a rapid slowdown in Russian manufacturing industry as internal demand slows while the inflation-driven decline in cost competitiveness continues to make imported products (where available) an attractive alter

WHISTLING SNARLING PAST THE GRAVEYARD: Russia sees in credit crisis end of U.S. domination. Er, except for this: But in contrast with other European countries Russia's own financial system has been in steep decline over the past weeks, and regulators suspended stock trading three times. As in other emerging markets during periods of turmoil, investors have had a tendency to pull money out of Russia and to deposit it in U.S. Treasury bills. Since the second week in August, when the war in Geo