Thanks to reporting by Bloomberg today, we are getting the view that JPM in London has run amuck trying to become a major profit center by specializing in corporate derivative transactions similar to those used in the lead-up to the mortgage meltdown in 2007-2008 that caused several banks to become insolvent and need to be bailed out.

FORBES: JP Morgan's $370 Billion Hedge Fund Made Foolish Bets With Bank's Cash

People who grew up in America and western Europe have become used to the idea that the West dominates the world economy.

ECONOMIST: A game of catch-up

Poorer Chileans, who make up more than half the population, have become used to material well-being unimaginable a decade ago.

ECONOMIST: Chile

Weather satellites also pick up emergency beacons used by those who venture into remote areas and become stranded, leading to the rescue of nearly 300 people in 2010 alone.

FORBES: Losing NASA's Eyes in the Sky

That said, as consoles begin to become essential living room-centric devices used for far more than gaming, it could eventually be a big leg up for the company who offers the internet for free.

FORBES: Playstation 3 is the Most Used Device for Netflix Streaming

The Pop-Up, which used to be a time-sensitive device to surprise and delight, has now become as standard south of 23rd Street as rubber Wellingtons and neck scarves.

FORBES: Mini-Retail Becoming Big Bigger Biggest Thing?