The 76ers have raided the Spurs' coaching pool, Grey's Anatomy is still on, and Wall Street moguls are doing their best to bully both Apple and BitCoin. Welcome to your trends report for Wednesday, August 14, 2013.
Why; The 76ers finally got their man. Brett Brown accepted the team's head coaching offer on Monday, according to several league sources. The former San Antonio Spurs assistant will receive a four-year, guaranteed contract.
Why; The Lavabit shut-down came just a few weeks after a human rights activist revealed that she was contacted by NSA leaker Edward Snowden using the service. Within 24 hours after Levison announced he was shutting down, another [Maryland-based] online security company, Silent Circle, turned off its encrypted e-mail service too.
Why: Activist investor Carl Icahn said he has amassed a "large position" in Apple Inc and believes the stock could be worth as much as $700 a share if Chief Executive Tim Cook pushed for a larger stock buyback.
Why; Things are getting serious for Bitcoin this month: a federal judge declared it real money, Bloomberg gave it an experimental ticker (XBT), and New York’s financial regulator announced an interest in regulating it.
Why; Tony Swatton is the most famous blacksmith in Los Angeles. But he’s not forging horseshoes. Rather, Swatton has banged out a place in Tinseltown as the go-to guy when a big-budget movie or hit TV show needs custom metalwork.