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5 Online Mistakes that Caused a Market Frenzy

1. United Airlines

On September 8, 2008, United Airlines stock fell 76%, from $12.17 at open to about $3.00 mid-morning.  Why the collapse? Because a six-year-old story about UAL's 2002 bankruptcy filing was somehow re-posted online on the website of the South Florida Sun-Sentinel, a paper owned by the Chicago Tribune Co. It was quickly refuted and the share price recovered after a 90-minute trading halt. Oddly enough, the story was not dated 2002, but was dated September 8, 2008. The blame has been put on Google, whose spider saw it on the Sun-Sentinel, assigned the current date, and placed it in the top results on Google News.

2. Apple I

apple-100.jpgOn August 27, 2008, Bloomberg inadvertently published its running obituary for Steve Jobs. The obituary was only posted "momentarily" and was "immediately deleted," though not before it was caught. View the 17-page obituary, the retraction made by Bloomberg, as well as notes for Bloomberg reporters here.

3. Apple II

apple-100.jpgAgain, on October 3, 2008, CNN iReport, a user-generated site, reported a false claim that Steve Jobs had suffered a heart attack. The news quickly spread across the internet and the stock fell 10% in 10 minutes. An Apple spokesman had to deny the allegation. One he did, the stock picked back up within about 15 minutes.

4. Apple III

apple-100.jpgOn May 16, 2007, Engadget posted a report that the iPhone launch would be pushed back from June to October. They retracted their comments, but in the meantime caused a $4 billon drop in Apple's market value. Engaget didn't just dream up the story; someone had passed on a fake email announcing the delay to the internal Apple staff. That letter was forwarded on to Engadget who then reported it on their site. Once the story was cleared up, the stock's value was restored and finished down only $1.40 at the close.

5. The Dow

dowjones2.jpgOn March 30, 2007, the Dow fell a few hundred points (unlike now, such volatility meant something back then). The drop was a result of a false report on an Israeli website of an imminent US air strike on Iran. The site also reported that US investors in Bahrain, an island country in the Persian Gulf, were advised to pack up their business operations and leave. Reuters issued a statement disproving the stories and the markets rebounded.

Be sure to read more of what Diana learned today here.

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13 Tricks and Tips to Get the Most Out of Google Maps
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It’s hard to imagine life without Google Maps. Memorizing routes and printing out driving directions seems like a distant memory in a world where a detailed map of any location is available at a moment's notice. Still, you could be using it more. Google’s popular software is packed with secrets, tricks, and Easter eggs beyond what you might expect. Ahead of the popular tool's update later this year, here are 13 ways to get the most out of Google Maps, from one-handed use to offline location tracking.

1. CHECK WAIT TIMES AT YOUR FAVORITE RESTAURANT

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Before you head out for dinner, use Google Maps to see if you’re about to waste an hour standing in line. Just search for the name of the restaurant on your desktop browser or in Google Maps for iOS and Android. Then, scroll down to the Popular Times chart and select a specific time. There, you'll see how long the wait usually is at that time and make your plans accordingly.

2. SEE HOW STEEP YOUR BIKE RIDE WILL BE


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There’s nothing worse than unexpectedly hitting a big hill while riding your bike. Next time, plug your route into Google Maps and ask for biking directions. You’ll see a graph that shows the steepness of each part of your trip and be able to avoid those big inclines in the future.

3. ADD MULTIPLE DESTINATIONS TO YOUR TRIP

Google Maps typically defaults to simple point-A-to-point-B for directions, but it’s easy to add an extra stop to your trip. In a browser, press the “+” icon under your destination. On Android or iOS, tap on the three horizontal dots in the top right corner to pull up a menu and then select “Add stop.”

4. TRAVEL THROUGH TIME WITH STREET VIEW

Street View is a fun way to explore neighborhoods all over the world, but it’s also a treasure trove of old photos. Just launch Street View in your browser and click on the clock-shaped icon in the top left corner. From there, you can browse through all the pictures Google’s taken over the years for any specific spot.

5. MEASURE DISTANCE

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If you’re using Google Maps in your browser you can easily measure the distance between any two locations. Right click somewhere on the map and select “Measure Distance.” Then, click anywhere else to see how far away it is.

6. USE GOOGLE MAPS WITHOUT AN INTERNET CONNECTION

If you’re traveling and you know you won’t have any internet, you can download a map of the area ahead of time. Pull up that location in Google Maps on your phone. Then, open the settings menu and select “Offline maps” to save it. When you arrive, you’ll be able to view the map without any service and even track your location thanks to GPS.

7. SEE YOUR ENTIRE GOOGLE MAPS HISTORY

Google Maps tracks you everywhere you go, and you can pull that information up whenever you want. Head to this website to see a detailed map of all the places you’ve ever been. If that creeps you out, you can also click on “Manage Location History” to switch this feature off.

8. ZOOM IN AND OUT WITH JUST ONE FINGER

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Pinch-to-zoom works fine most of the time, but if you only have one free hand it’s not that easy to do. Thankfully, there’s another option that only requires one free finger: Tap twice on your smartphone screen and then hold your finger down on the spot you want to get a closer look at. Google Maps will zoom in, and from there you can adjust the scale by sliding your finger up and down.

9. REMEMBER WHERE YOU PARKED YOUR CAR

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The next time you park your car, boot up Google Maps and tap on the blue dot that shows your location. When a menu pops up, select “Set as parking location” to leave a marker on your map for later so you can easily find your car when you’re ready to leave.

10. TURN THE STREET VIEW ICON INTO A UFO

If you want to have a little fun with Pegman, the yellow Street View figure, just search for Area 51 in Google Maps. Then, grab the man-shaped icon and hover it over the map to make him transform into a flying saucer.

11. SHARE YOUR LOCATION WITH FRIENDS

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If you’re meeting a friend, this feature makes it easy for them to track you down. Open Google Maps on iOS or Android and pull up the options menu (located in the top left corner) and select “Location sharing.” From here you can decide how long to reveal your location and who to share it with.

12. MAKE A LIST OF YOUR FAVORITE SPOTS.

Google Maps makes it easy to store all your favorite restaurants (or parks or book stores) in one spot. Tap on a location and hit “Save.” Then, select “New list” and give it a name. Now, you can add new locations to your existing lists. You can also share lists with friends, and they’re even accessible when you’re offline.

13. CHECK OUT SKI ROUTES.

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Google Maps has information on almost 100 ski routes from across the United States and Canada. Head to this webpage to start planning your next ski trip.

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entertainment
Shopping Malls Might be Dying, But Miami Is Planning to Build the Largest One in North America
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Shopping malls and the "American Dream" are two things that are often said to be dead or dying, but one developer sees it a little differently.

Part shopping outlet and part theme park, American Dream Miami is slated to become the largest mall in North America when it opens in Miami-Dade County, the South Florida Sun-Sentinel reports. Indeed, "mall" might not be the best word for this mega-complex. In addition to retail outlets, plans are in the works for an aquarium, water park, ski slope, live performing arts center, Ferris wheel, submarine ride, skating rink, and 2000 hotel rooms.

The project is being developed by Triple Five Group, which operates the Mall of America in Minnesota and the West Edmonton Mall in Canada—currently the two current largest shopping and entertainment centers on the continent. It also owns the American Dream Meadowlands in New Jersey.

This announcement comes at a time when shopping malls are being shuttered across the country. More than 6400 stores closed last year, and another 3600 are expected to go out of business this year, according to Business Insider.

American Dream Miami will cost $4 billion and cover 6.2 million square feet. Developers hope it will attract tourists as well as local thrill seekers who want a closer entertainment option than Disney World and Universal Studios in Orlando. Developer Eskandar Ghermezian was reportedly inspired by a comment made by his daughter, who complained there was nothing to do in the area when it rained.

Critics of the project, however, called it "American Nightmare," arguing it would harm the environment and cause traffic congestion. The developer still needs to obtain several permits before construction can begin.

[h/t Sun-Sentinel]

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