This note comes with a little bit of 'ewwww' attached.
The acting president of Venezuela, Nicolas Maduro, said today the body of his late predecessor Hugo Chavez will be permanently displayed in a glass casket so that -- and this is a quote -- "his people will always have him."
Not the first time -- think Mao and Lenin and Ho Chi Minh.
But still. Eww.
So here’s a little mystery, Wall Street style. What gives with the NASDAQ? The Dow Jones Industrial Average and the S&P 500 are at or near historic highs. But the NASDAQ -- the index that tracks mainly tech stocks -- isn’t reaching the same height.
It’s true the NASDAQ did reach a 12-year high this week. It’s just nowhere near its historic level. And given the stratospheric height it reached during the 1990’s tech bubble, some analysts think that’s a long time off.
“Whether it’s Intel, or Microsoft, the old school, which used to be the high-flying names, are just sort of stuck in the mud,” says analyst Art Howard with Lazard Capital Markets.
And Apple -- which is so big that its fortunes can sway the entire NASDAQ has seen its shares drop 22 percent this year alone.
Economist Nela Richardson, with Bloomberg Government, says given high unemployment and sluggish business investment, she questions this whole record setting run-up.
“I think how on earth can this economy support the rally that we are seeing in the financial markets,” she says.
Richardson says from where she sits, the slower-moving NASDAQ seems to be a much more accurate economic barometer.
New York City's Chief Digital Officer, Rachel Haot, began in the city's startup world and rose to prominence quickly. Now, she's a member of Mayor Bloomberg's administration and is advocating for more private-public collaboration in making New York a tech mecca that rivals Silicon Valley.
As part of that mission, Haot is focusing on five key areas: Internet access, technology education, open data and innovation, engagement, and developing New York's tech industry.
Hoat's goal, as she puts it, is "to fully realize New York City's digital potential and make sure that all New Yorkers are part of its digital future.” But she feels the city can always do more, especially when it comes to bringing more diversity to the tech sector.
"We still have a long way to go," says Haot. "The good news is that, for example, we have more female founders of startups in New York City than any other city in the world -- more than Silicon Valley, more than London. That's a very exciting and promising step."
Click on the audio player above to hear more of Haot's thoughts on the demographics of tech. And visit WeareMadeInNY.com to find out more about New York City's tech community.