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Business News Feed |
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| Lehman looking at asset management sale: sources
(Reuters) |
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080819/bs_nm/lehman_neuberger_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080819/2008_08_18t224053_450x335_us_lehman_neuberger.jpg?x=130&y=96&q=85&sig=_BvFHvMEhREKugG9NpXGGA--" align="left" height="96" width="130" alt="The exterior of the world headquarters for Lehman Brothers is seen in New York June 4, 2008. (Brendan McDermid/Reuters)" border="0" /></a>Reuters - U.S. investment bank Lehman Brothers
Holdings Inc is considering options, such as selling all or
part of its asset management unit, with an aim of reaching a
deal by the time it releases third quarter earnings, sources
said.</p><br clear="all"/> |
 Source: Yahoo Tue, 19 Aug 2008 04:18:50 GMT |
| Large U.S. bank collapse seen ahead
(Reuters) |
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080819/bs_nm/usa_banks_crisis_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080819/2008_08_19t010623_450x320_us_usa_banks_crisis.jpg?x=130&y=92&q=85&sig=zyyWkRbKmRhW3fPEVmpO_A--" align="left" height="92" width="130" alt="The corporate logo for Freddie Mac is seen at its headquarters building in McLean, Virginia, July 23, 2008. (Larry Downing/Reuters)" border="0" /></a>Reuters - The worst of the global financial
crisis is yet to come and a large U.S. bank will fail in the
next few months as the world's biggest economy hits further
troubles, former IMF chief economist Kenneth Rogoff said on
Tuesday.</p><br clear="all"/> |
| Source: Yahoo Tue, 19 Aug 2008 05:07:08 GMT |
| Chrysler sues battery supplier Johnson Controls: report
(Reuters) |
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080819/bs_nm/chrysler_dc"><img src="http://d.yimg.com/us.yimg.com/p/ap/20080818/capt.d931ce7cf22247b6888a67bd44a0216f.addition_people_dempsey_la102.jpg?x=130&y=86&q=85&sig=pz0HV8kfb9dOEnr.blazbA--" align="left" height="86" width="130" alt="In this photo released by General Racing Ltd, actor Patrick Dempsey, left, rides with David Swig while taking part in the 35th Rolex Monterey Historic Automobile Races in Monterey, Calif. on Sunday Aug. 17, 2008. Dempsey and Swig, a San Francisco native, took a few laps around Mazda Raceway Laguna Seca in a 1931 Chrysler CD-8 LM. The Rolex Monterey Historic Automobile Races brings together car enthusiasts and historic race cars from numerous countries (AP Photo/General Racing Ltd, Stephen Scharf)" border="0" /></a>Reuters - U.S. automaker Chrysler LLC has filed a lawsuit
in a Michigan court alleging supplier Johnson Controls Inc.
charged inflated prices for batteries, and is seeking
more than $15 million in damages, the Wall Street Journal
reported on Tuesday.</p><br clear="all"/> |
| Source: Yahoo Tue, 19 Aug 2008 04:31:21 GMT |
| Merck Vioxx study was aimed at marketing: report
(Reuters) |
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080819/bs_nm/merck_study_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080819/2008_08_19t011507_317x450_us_merck_study.jpg?x=91&y=130&q=85&sig=f8N826D6k.nKGg76VkU3UA--" align="left" height="130" width="91" alt="A bottle of the prescription arthritis and pain medication VIOXX sits on a shelf at a New York City Pharmacy, September 30, 2004. (Mike MS/Reuters)" border="0" /></a>Reuters - A 1999 clinical study that Merck & Co Inc
said was done to test side effects of painkiller Vioxx
was conducted primarily to support a marketing campaign before
the drug's launch, The Wall Street Journal said, citing a
study.</p><br clear="all"/> |
| Source: Yahoo Tue, 19 Aug 2008 05:15:45 GMT |
| Lowe's profit tops Wall St
(Reuters) |
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080818/bs_nm/lowes_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080818/2008_08_18t152958_450x416_us_lowes.jpg?x=130&y=120&q=85&sig=Wb2PejcfpBw8t9ZgMpA8RA--" align="left" height="120" width="130" alt="A Lowe's store in Burbank, California, May 19, 2008. (Fred Prouser/Reuters)" border="0" /></a>Reuters - Retailer Lowe's Cos reported a
higher-than-expected quarterly profit on Monday as U.S.
consumers spent tax rebate checks on spring projects, but it
forecast third-quarter results below Wall Street estimates.</p><br clear="all"/> |
| Source: Yahoo Mon, 18 Aug 2008 18:11:21 GMT |
| Olympic golden record-breaker Bolt fastest on earth
(AFP) |
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/afp/20080816/ts_afp/oly2008"><img src="http://d.yimg.com/us.yimg.com/p/afp/20080816/capt.cps.nhr49.160808174244.photo00.photo.default-512x361.jpg?x=130&y=91&q=85&sig=DnabZl2Ui_yhsFuznTRTgw--" align="left" height="91" width="130" alt="Jamaica's Usain Bolt celebrates after winning the men's 100m final at the "Bird's Nest" National Stadium as part of the 2008 Beijing Olympic Games. Bolt was crowned the world's fastest man when he raced to victory in the blue riband Olympic men's 100 metres final in a world record time of 9.69 sec.(AFP/Olivier Morin)" border="0" /></a>AFP - Usain Bolt was crowned the world's fastest man when he raced to victory in the blue riband Olympic men's 100 metres final in a world record time of 9.69 sec Saturday.</p><br clear="all"/> |
| Source: Yahoo Sat, 16 Aug 2008 15:47:36 GMT |
| Economy - Monday
(Investor's Business Daily) |
| Investor's Business Daily - Gov't-insured mortgages accounted for more than 29% of all loan applications in July vs. 8.4% a year earlier, said the Mortgage Bankers Assoc. The gov't market share hit a low of 5.8% 3 years ago. Demand for home loans backed by Federal Housing Administration has increased as private funding has dried up and the gov't has expanded the FHA's scope. FHA loans are insured by the gov't in the event of default, but the actual mortgages are made by major lenders. |
| Source: Yahoo Mon, 18 Aug 2008 22:44:19 GMT |
| Linens 'n Things plans bankruptcy exit: report
(Reuters) |
| <p><a href="http://us.rd.yahoo.com/dailynews/rss/business/*http://news.yahoo.com/s/nm/20080818/bs_nm/linensnthings_plan_dc"><img src="http://d.yimg.com/us.yimg.com/p/nm/20080818/2008_08_18t055926_450x353_us_linensnthings_plan.jpg?x=130&y=102&q=85&sig=87bxbKjRAjbyX7bTfk9bsQ--" align="left" height="102" width="130" alt="Linens 'n Things merchandise is seen in an undated handout photo. (PRNewsFoto/Reuters)" border="0" /></a>Reuters - Bankrupt home furnishings retailer Linens 'n
Things has devised a plan to emerge from bankruptcy early next
year, the New York Post reported.</p><br clear="all"/> |
| Source: Yahoo Mon, 18 Aug 2008 14:23:59 GMT |
| SAP lets Business One users access Crystal Reports |
| The announcement, made at the Business Objects Influencer Summit on Tuesday, follows the companies' goal of tightly integrated product lines while letting Business Objects remain independent.
<p><a href="http://feeds.computerworld.com/~a/Computerworld/Business/Intelligence/News?a=4ohg3n"><img src="http://feeds.computerworld.com/~a/Computerworld/Business/Intelligence/News?i=4ohg3n" border="0"></img></a></p><img src="http://feeds.computerworld.com/~r/Computerworld/Business/Intelligence/News/~4/369322803" height="1" width="1"/> |
| Source: Computer World Tue, 19 Aug 2008 13:00:00 GMT |
| Jitterbit debuts open-source data integration tool |
| The company, complete with online marketplace, joins other open-source data integration vendors, including Talend, XAware and SnapLogic.
<p><a href="http://feeds.computerworld.com/~a/Computerworld/Business/Intelligence/News?a=dyTlST"><img src="http://feeds.computerworld.com/~a/Computerworld/Business/Intelligence/News?i=dyTlST" border="0"></img></a></p><img src="http://feeds.computerworld.com/~r/Computerworld/Business/Intelligence/News/~4/369176523" height="1" width="1"/> |
| Source: Computer World Tue, 19 Aug 2008 13:00:00 GMT |
| Google's Universal Search for Business |
| <b>(Source: Google)</b> On August 6th, Google announced an all-new version of the Google Search Appliance integrated hardware and software solution, with a new architecture that can index all of an organization's content - up to 10 million documents - in a single box. Tune into this exclusive Computerworld webcast to learn how your business can benefit from universal search capabilities.
<p><a href="http://feeds.computerworld.com/~a/Computerworld/Business/Intelligence/News?a=ch6hAv"><img src="http://feeds.computerworld.com/~a/Computerworld/Business/Intelligence/News?i=ch6hAv" border="0"></img></a></p><img src="http://feeds.computerworld.com/~r/Computerworld/Business/Intelligence/News/~4/355441523" height="1" width="1"/> |
| Source: Computer World Tue, 19 Aug 2008 13:00:00 GMT |
| Sybase sues database start-up in east Texas court favored by 'patent pirates' |
| In a lawsuit filed quietly in a federal court in Texas that is seen as a favorable venue for patent suits, Sybase is charging start-up Vertica Systems with infringement.
<p><a href="http://feeds.computerworld.com/~a/Computerworld/Business/Intelligence/News?a=55ksHR"><img src="http://feeds.computerworld.com/~a/Computerworld/Business/Intelligence/News?i=55ksHR" border="0"></img></a></p><img src="http://feeds.computerworld.com/~r/Computerworld/Business/Intelligence/News/~4/368709571" height="1" width="1"/> |
| Source: Computer World Tue, 19 Aug 2008 13:00:00 GMT |
| Update: Microsoft to alpha-test Office 14 before end of year |
| Microsoft will begin alpha-testing the next version of Office in November or December, according to a Microsoft employee's blog.
<p><a href="http://feeds.computerworld.com/~a/Computerworld/Business/Intelligence/News?a=h2outx"><img src="http://feeds.computerworld.com/~a/Computerworld/Business/Intelligence/News?i=h2outx" border="0"></img></a></p><img src="http://feeds.computerworld.com/~r/Computerworld/Business/Intelligence/News/~4/368992064" height="1" width="1"/> |
| Source: Computer World Tue, 19 Aug 2008 13:00:00 GMT |
| Business Objects provides data visualization through Excel interface |
| The company said it helps users ultimately make better business decisions by applying data to interactive graphics like dials, charts and gauges to convey business cases and illustrate "what if" scenarios.
<p><a href="http://feeds.computerworld.com/~a/Computerworld/Business/Intelligence/News?a=denWqo"><img src="http://feeds.computerworld.com/~a/Computerworld/Business/Intelligence/News?i=denWqo" border="0"></img></a></p><img src="http://feeds.computerworld.com/~r/Computerworld/Business/Intelligence/News/~4/369336476" height="1" width="1"/> |
| Source: Computer World Tue, 19 Aug 2008 13:00:00 GMT |
| More Business Intelligence News... |
| View more Business Intelligence news and analysis from Computerworld.com.
<p><a href="http://feeds.computerworld.com/~a/Computerworld/Business/Intelligence/News?a=5xWl39"><img src="http://feeds.computerworld.com/~a/Computerworld/Business/Intelligence/News?i=5xWl39" border="0"></img></a></p><img src="http://feeds.computerworld.com/~r/Computerworld/Business/Intelligence/News/~4/76624110"/> |
| Source: Computer World |
| Surprises Float in the Cloud |
| Street View snaps make Katt nervous; Google Apps outages irk users.<br/> - Spencer was a bit anxious when he heard the story about the unidentified
Australian man whose photo showed up on Google Street View passed out on the
lawn in front of his mother's home.
Google's camera-equipped Street View car just happened to drive by and
snapped a photo as he sprawled on the g...
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</div><img src="http://feedproxy.google.com/~r/RSS/eweekenterprise/~4/1L-TKxg1Me8" height="1" width="1"/> |
| Source: eWeek Mon, 18 Aug 2008 20:24:40 -0400 |
| No Enterprise Thaw for Vista |
| eWEEK research shows that negative perception of the Windows Vista operating system is growing.<br/> - If Windows Vista were a person, it would have an inferiority complex. Not since Windows ME has a Microsoft operating system seen such cool business reception. Indeed, research shows that many enterprises hope to leapfrog Vista altogether.
Two recent events should have opened the gates holding back ...
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</div><img src="http://feedproxy.google.com/~r/RSS/eweekenterprise/~4/BRzgzUnACy4" height="1" width="1"/> |
| Source: eWeek Thu, 14 Aug 2008 17:43:29 -0400 |
| Yahoo Ready to Name Board Members |
| Yahoo will appoint ex-Viacom CEO Biondi and former Nexel Partners CEO Chapple to the Yahoo board as part of its settlement with investor Carl Icahn to avoid a proxy battle. Icahn's problems with Yahoo stem from Yahoo's refusal to sell to Microsoft. Microsoft was looking at Yahoo as a way to build its online business.<br/> - SAN FRANCISCO (Reuters) - Yahoo Inc. is in the process of approving the appointments of former Viacom Inc. CEO
Frank Biondi and former Nextel Partners CEO John Chapple to its board
and is expected to name the appointees by Friday, a person familiar
with the matter said on Tuesday.
The appointm...
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</div><img src="http://feedproxy.google.com/~r/RSS/eweekenterprise/~4/4f5MQr5_1b4" height="1" width="1"/> |
| Source: eWeek Wed, 13 Aug 2008 07:42:49 -0400 |
| The Sweet Smell of Successful Open Source Applications |
| In this IT Link podcast interview SugarCRM CEO John Roberts explains why open source applications are now coming into their own.<br/> - Audio Podcast Content....
<p><a href="http://feedads.googleadservices.com/~a/bckgsqdluolic9rq64ebcqit9o/a"><img src="http://feedads.googleadservices.com/~a/bckgsqdluolic9rq64ebcqit9o/i" border="0" ismap="true"></img></a></p><div class="feedflare">
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</div><img src="http://feedproxy.google.com/~r/RSS/eweekenterprise/~4/PxpbistNPBQ" height="1" width="1"/> |
| Source: eWeek Thu, 07 Aug 2008 09:53:37 -0400 |
| Yahoo Protest Vote Goes Against Yang |
| Yahoo released a recount vote for its board that showed strong opposition to CEO Jerry Yang and others. The vote came after a months-long buyout bid by Microsoft and a partnership with Google. A key Yahoo shareholder called for a probe of the vote.<br/> - SAN FRANCISCO (Reuters) - Yahoo Inc on Tuesday released a recount of
the vote for its board that revealed a strong protest vote against five
of nine directors, including Chief Executive Jerry Yang.
The Internet company said revised vote tallies showed 33.7 percent
of votes withheld for Yang, the...
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</div><img src="http://feedproxy.google.com/~r/RSS/eweekenterprise/~4/jP3kPnPQnYc" height="1" width="1"/> |
| Source: eWeek Wed, 06 Aug 2008 07:50:10 -0400 |
| Google Search Appliance Indexes 10M Documents to Pace Microsoft Fast |
| Google releases its new Google Search Appliance, a box that now indexes 10 million documents as a way to compete with Microsoft's Fast search assets, as well as Vivisimo, Endeca, Autonomy and other players in the enterprise search market. Google also looks to extend its market lead with new metadata biasing tools, Google alerts, advanced search analytics and Kerberos support.<br/> - Google isn't waiting for Microsoft to scramble to improve its Fast enterprise search software.
Google has retooled the architecture of its GSA (Google Search
Appliance), making hardware and software changes that enable the
enterprise search appliance to index as many as 10 million documents in...
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| Source: eWeek Wed, 06 Aug 2008 01:58:53 -0400 |
| Symantec Unveils Virtual Desktop |
| Symantec's virtual workspace offering will let enterprise users take their business desktops with them wherever they go. The technology comes from nSuite, which Symantec is buying.<br/> - Symantec has a new take on the virtualized desktop that should catch some attention from enterprise and mid-range companies, although it really doesn't yet have a specific product name.
Describing it only as a quot;virtualized workspace, quot; Symantec officials Aug. 5 announced that they wil...
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| Source: eWeek Tue, 05 Aug 2008 13:18:23 -0400 |
| Amazon.com to Fund Elastra's Cloud Computing Effort |
| Amazon.com joins Bay Partners and Hummer Winblad Venture Partners in pumping $12 million in funding into cloud computing startup Elastra, which joins Salesforce.com, Etelos, Coghead, Bungee Labs and others in running enterprise applications and other software on the Internet.<br/> - Elastra, one of a slew of startups creating platforms that host and run software entirely on the Internet, has just banked $12 million in funding from a pack of investors that includes cloud computing forbearer Amazon.com.
Cloud computing is the new catch phrase for utility computing, where custo...
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| Source: eWeek Tue, 05 Aug 2008 10:34:00 -0400 |
| Why Microsoft Will Try Again for Yahoo in 2009 |
| Insider Eric Jackson believes that it's only the second inning in the revival of Yahoo. He expects Microsoft to return with yet another merger proposition for Yahoo next year because Microsoft still needs big help in online services.<br/> - Now that the annual shareholders meeting is over, the attendees have been quot;Yanged quot; and headed back home, and the corporate propaganda machine is taking a vacation, what's next for Yahoo and its embattled leadership?
CEO and co-founder Jerry Yang--who is adept at calming investor nerve...
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| Source: eWeek Mon, 04 Aug 2008 02:32:00 -0400 |
| Shareholders Back Yahoo Board |
| A deal to placate dissident activist Carl Icahn cooled down the annual shareholders' meeting considerably. Icahn will join the board soon and will also get two of his business pals to join him on the board in an effort to change the way the struggling media company does business.<br/> - SAN JOSE, Calif. What could have been a nasty Yahoo shareholder uprising if activist
billionaire shareholder Carl Icahn had been present actually turned out to be a rather docile
gathering of business folks Aug. 1 at the company's annual conference
at the Fairmont Hotel.
At least that's the w...
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| Source: eWeek Fri, 01 Aug 2008 20:13:08 -0400 |
| Infosys Gives a Storewide View |
| Infosys rolls out ShoppingTrip 360 platform, a managed service that retailers can use for greater visibility into what shoppers are doing and buying.<br/> - Infosys is positioning ShoppingTrip360, a platform based on a network of
tiny wireless devices, as a way to answer questions retailers and consumer
packaged goods companies have about in-store activities.
The business solutions provider announced ShoppingTrip360 July 31.
�There was a lack of gra...
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| Source: eWeek Fri, 01 Aug 2008 11:33:41 -0400 |
| DTV Transition Brings Big Bucks to Retailers |
| With five months left before broadcast television goes digital, retailers are raking in the dough, thanks to a surge in converter-box sales.<br style="clear: both;"/>
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| Source: Wired Tue, 19 Aug 2008 20:21:00 GMT |
| Advertisers Prove Humor Impaired |
| That video may be funny to you, but advertisers don't get it. Sites such as CollegeHumor.com and FunnyOrDie.com are a mine field for marketers, who have proven reluctant to tarnish brand names by affiliating them with politically incorrect material.<br style="clear: both;"/>
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| Source: Wired Tue, 19 Aug 2008 19:30:00 GMT |
| Andy Grove's Electrifying Energy Proposal |
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Georgia's Leader Was Shaped by Stint in Manhattan</a></p>
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<p>To drill or not to drill? That has been the question this summer as Congress, the president and both candidates debate where and whether we should be exploring for domestic oil. The implication is that this is an important step in reducing our dependence on imported oil.</p>
<p>It is not. Oil—wherever it is produced—is priced, sold and consumed in a global marketplace. Whatever the outcome of this existential debate, any incremental oil will be sold to the highest bidder, in the U.S.—or in other countries— most of which have an insatiable appetite for oil.</p>
<p>Such flaws of strategic logic seem to show up in most discussions on what to do. We must discipline ourselves to follow a more rigorous approach, which can be hard to do given the enormous importance energy has in our lives. The plans announced recently by T. Boone Pickens and former Vice President Al Gore provide a good opportunity to think through our strategic options, by means of a comparative look. (See the <a href="http://www.portfolio.com/interactive-features/2008/08/Green-Machine">Portfolio.com Green Machine graphic</a> to find out where investors are putting their cash in the clean-tech game.)</p>
<p>I include as a third option a plan to allow cars and trucks on U.S. roads to run primarily on electricity drawn from the regular electric grid.</p>
<p>Pickens proposes to build massive wind farms in the nation's center to generate a large part of America's electricity, which would then liberate the natural gas that is currently used to generate electricity. If the cars on the road were to be retrofitted to run on natural gas, Pickens argues, the need to import the corresponding amount of petroleum would disappear. Setting aside the task of retrofitting over 200 million vehicles, this plan raises a fundamental question. Natural gas, like oil, is a global commodity that can be shipped anywhere. Even if it is produced in the United States, what makes it stay here? It does so if, and only if, the United States pays the prevailing market price for it, just as we are paying market price for the petroleum fueling our cars today. So very little would change.</p>
<p>Vice President Gore's focus is on carbon reduction. He proposes that by 2018, 100 percent of America's electricity be generated from sources such as wind, solar and geothermal. Doing so would free a lot of oil, imported and domestic alike, as well as coal and natural gas. The oil, coal and natural gas that the U.S. does not use would become available for others through the world market. Correspondingly, carbon emissions would be shifted to other countries, but the world's total would not be reduced. And, in spite of this effort, cars on the road would still be fueled by petroleum.</p>
<p>I have been arguing that the first task—Job 1—is the <a href="http://www.american.com/archive/2008/july-august-magazine-contents/our-electric-future">electrification of the transportation sector</a>. The fuel needs of transportation account for a very large part of the nation's petroleum consumption. Even more important is that today only petroleum and agri-fuels can be used as sources of energy for the overwhelming majority of the nation's vehicles, even though the residential, industrial, and commercial needs for fuel can be satisfied using the full range of energy sources.</p>
<p>Put another way, the various sources of energy are fungible for residential, industrial, and commercial uses, but not for transportation.</p>
<p>If we are to undertake the equivalent of open-heart surgery on our economy, we must insist that after the trauma, the fuel for all segments of the economy should be capable of coming from multiple sources of energy. This will allow us to cope with the unexpected, and will prepare us for future transition to renewable sources of energy like wind and solar. This is why fungibility in transportation is important.</p>
<p>This approach has its problems too. As with Pickens' plan, cars and trucks, old and new, must be converted. They need to be able to run on electric power, even if only partially. As we make progress, we will become increasingly dependent on battery technology and manufacturing, most of which currently takes place outside the U.S. If investments in battery manufacturing abroad outstrip domestic investments, this situation is reinforced. In addition, improved battery technologies may end up using exotic metals. As we scour the periodic table of elements, our hunt may lead us to yet another set of dependencies.</p>
<p>The key features of the three approaches, in a comparative fashion, are <a href="http://www.portfolio.com/interactive-features/2008/08/Alternative-Thinking">shown in this table</a>.</p>
<p>Complicated picture? Yes, it is.</p>
<p>Let's face it, we are dealing with the adaptation of the world's largest industry, under the pull and push of different problems. To have even a small chance to improve matters and end our dependence on imported oil, we need to ask basic questions: What problems do we intend to solve? And in what order? Environmental? Economic? National security? They are all important, but our answers lead to different approaches and to different outcomes.</p>
<p>Personally, my bias is that national security has to be our first priority. We can't lead the world if we're on our knees begging often-hostile nations for oil. Wars have been fought over natural resources, and this could happen again. But whatever the answer, objectivity and clarity are essential for us to make progress on the issue that informs the life of our generation.</p><br style="clear: both;"/>
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| Source: Wired Mon, 18 Aug 2008 15:15:00 GMT |
| Apple vs. Google: How Will They Stack Up in the Future? |
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<p><a href="http://www.portfolio.com/views/blogs/the-tech-observer/2008/08/15/mccains-tech-plan-and-reed-hundts-questions/?TID=wiredpartner">
Former FCC Chairman Questions McCain's Tech Plan</a></p>
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<p><a href="http://www.portfolio.com/news-markets/top-5/2008/08/14/Magazine-Sales-Push-Maghound/?TID=wiredpartner">
Will This Hound Hunt? Time Inc. to Push Sales With Internet Model</a> </p>
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<p><a href="http://www.portfolio.com/news-markets/international-news/portfolio/2008/08/13/US-Trades-With-Iran-Via-Dubai/?TID=wiredpartner">
U.S., Iran, Dubai: Axis of Commerce</a></p>
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<p><a href="http://paul.kedrosky.com/archives/2008/08/13/random_trivia_g.html">Apple is worth more than Google</a>. Huh? This doesn't make sense to me.
<p>Let's start with the obvious: Google makes more money than Apple does. It had earnings of <a href="http://quote.yahoo.com/q/ks?s=GOOG">$10 billion</a>
over the past 12 months, compared to <a href="http://quote.yahoo.com/q/ks?s=AAPL">$8 billion</a> for Apple. And while both companies' earnings are growing fast, Google's are growing faster.
<p>But here's the clincher: Google's earnings were on less than $20 billion of revenue -- that's what I call a profit margin. Apple, by contrast, needed more than $30 billion of revenue to get its $8 billion of gross profit.
<p>Of course, when it comes to stock valuations, the present doesn't matter nearly as much as the future. So what does the future hold for these two franchises?
<p>They're both strong technology giants with very large "moats." But Google is stronger, and its moat is bigger. It owns search, certainly in Europe and the Americas, and it's making strong inroads into display advertising as well. <a href="http://www.portfolio.com/views/blogs/the-tech-observer/2008/08/13/online-ad-spending-its-ugly-out-there">Sam Gustin</a> might be kvetching about "the toll being inflicted on Web advertising by the slowing economy," but the growth rates are still pretty torrid for what is now a reasonably mature industry:
<div class="blockquote">Karsten Weide, an analyst at IDC, told Bloomberg that online ad spending grew 18.9 percent in the second quarter, a growth rate 7 percentage points lower than a year ago. Were it not for the slumping economy, web ad spending would have grown by more than 20 percent, she said. </div></p>
<p>19% market growth? I think Apple would be very happy with that. And remember that Google is increasing, not decreasing, its share of total online ad spending. Over at Apple, by contrast, the iPod/iTunes duopoly can't help but see its market share eroded going forwards, as DRM-free online music stores start competing on price, the record labels try to cut Apple down to size, and the marginal utility from buying your fourth or fifth iPod starts to decline. </p>
<p>Apple's phone business looks great right now, but the industry is notoriously cutthroat, Apple doesn't have the degree of control it's used to elsewhere, and in any case handset margins are never going to be as big as margins on iPods or MacBooks. Yes, the iPhone app store is a very promising business model -- but it's going to be quite some time, if ever, before it makes a significant contribution to Apple's bottom line. </p>
<p>And then there's the computer business. Macs are selling well, at very high margins. But Google's muscling in on the computing business too: over the long term, it makes sense to do all your computing in an ever-improving cloud than it does on specific, individually-owned pieces of hardware which always, eventually, break. The more important the cloud, the less important the computer, and the less important the computer's operating system, too. </p>
<p><a href="http://howardlindzon.com/?p=3788">Howard Lindzon</a>, by contrast, thinks the stock market is right, and that Apple should be worth more than Google. Two of his arguments are weak: that "social search" will make Google obsolete (I'll believe it when I see it), and that "MacBooks are getting cheaper" (no they're not: Apple's entry-level laptop has been priced between $1,000 and $1,100 for years, and it's going to stay there). </p>
<p>Howards best argument is that a falling Google share price could become self-fulfilling: "if the stock lingers between $500 or worse yet, drifts lower, you will see a brain drain of epic proportions," he says. Google's competitive advantage has long been that it was smarter and richer and one or two steps ahead of the competition. As it matures, it might not have the same ability to attract the very best and the brightest. </p>
<p>But if Google has job risks, Apple has Jobs risk -- which is much bigger and probably just as imminent. No one at Google is even as important to the company as Jonathan Ive is to Apple, let alone Steve Jobs. If I'm holding a stock as a long-term investment (which is the only sensible way to hold a stock) then I don't want to run the risk that the company will founder the minute the CEO exits. </p>
<p>And talking of the long term, the option value of all those crazy Google projects which never make any money is huge. There's a good chance that, eventually, one of them will take off in a big way, and if it's energy-related, it could make Google's present business look positively puny. </p>
<p>Google stock is volatile, just as the founders said it would be in their prospectus. But if I was going to sleep today to wake up in ten years' time, I'd be much happier with Google stock under my mattress than Apple. </p><br style="clear: both;"/>
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</div><img src="http://feeds.wired.com/~r/wired/techbiz/~4/365840068" height="1" width="1"/> |
| Source: Wired Fri, 15 Aug 2008 14:00:00 GMT |
| NBC Laughs All the Way to the Bank (Take That, Bloggers) |
| NBC may be taking lumps in the blogosphere for its decision to provide so much of its Olympics coverage exclusively through traditional channels, but they have provided advertisers with an increasingly elusive commodity — a large, captivated -- and captive -- audience.<br style="clear: both;"/>
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</div><img src="http://feeds.wired.com/~r/wired/techbiz/~4/365711431" height="1" width="1"/> |
| Source: Wired Fri, 15 Aug 2008 12:21:00 GMT |
| 'ITunes Tax' Back From the Dead in California |
| The proposal for a so-called "iTunes tax" in California was widely criticized and promptly shot down this spring. So why is it back on the table? One state assemblyman reintroduced a bill that would levy an additional tax on digital download purchases, potentially driving more paying customers to use file-sharing sites.<br style="clear: both;"/>
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| Source: Wired Thu, 14 Aug 2008 20:40:00 GMT |
| Dressing for Success Now Means Looking Like Hell |
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FCC Head Links Net Neutrality With Fairness Doctrine</a></p>
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Online Ad Spending: It's Ugly Out There</a></p>
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<p>Get on an elevator in any Manhattan office building, and there's a good chance you'll find yourself surrounded by them: the tattersalls, the windowpanes, the mini-checks of Brooks Brothers' fleet of Non-Iron Dress Shirts.</p>
<p>Inoffensive? Yes, as are the often-accompanying oxfords with Nike Air technology in the soles. But as the patterns blend together, they start to form a vaguely disturbing picture.</p>
<p>Gone is the time when the Patrick Batemans of the world could hold pissing contests over the microscopic differences in their business card stocks, dismissing peons for the inferior weaves of their suits. These days, there are fewer distinctions between industries and power levels. Pretty much everyone looks more like they belong in tech support than in a partners' meeting. (<a href="http://www.portfolio.com/slideshows/2008/08/Executive-Style-Icons">View our slideshow</a> to see how the captains of industry dress.)</p>
<p>That's because somewhere between <cite>His Girl Friday</cite> and casual Friday, between black-tie and BlackBerrys, our workforce morphed from <cite><a href="http://www.portfolio.com/news-markets/top-5/2008/07/29/Mad-Men-Season">Mad Men</a></cite> into marathon men—and the race is not to the sartorial top, but to the bottom of the laundry pile.</p>
<p>When the dot-com bubble burst, many predicted an end to Teva-wearing C.E.O.'s and even the curtailment of casual Fridays. Clearly the second tsunami of tech money, which brought twentysomethings in hoodies to the head of the conference table, has helped keep that from happening. But tech chic only has so much to do with the dressing down of the workforce. As Bill Clinton might say, "It's the economy, stupid."</p>
<p>Before sitting down to write this, I e-mailed a bunch of friends in various professions and asked them about their work wear. The men overwhelmingly responded with an affinity for the aforementioned stiff shirts from Brooks Brothers, as well as half-brags about their disheveled appearances at the office. "I wind up wearing my lunch more often than not" one wrote [subtext: because I eat at my desk every day]. "I wear pleated-front pants because they're more comfortable," another admitted [subtext: I eat at my desk every day—and every night].</p>
<p>If you look good, you're obviously not working hard enough. Outdoing the next guy in terms of looking put-upon is the new pissing contest.</p>
<p>In a world where profits are down, bankruptcies are rampant, and the most entrenched I-bankers are getting the heave-ho, you can't afford to look as though you spared an extra second thinking about the cut of your <a href="http://www.portfolio.com/culture-lifestyle/goods/style/2007/03/23/Get-Shirty">Charvet shirt</a>. Did you go shopping for a Breguet instead of billing that extra hour? Are you interviewing? Because seriously, who wears a suit these days? Who has time for that?</p>
<p>With subprime losses piling up, it's not just cubicle-bound young analysts who are being subjected to this sort of scrutiny. After all, <a href="http://www.portfolio.com/guides/Countrywides-VIP-Club">Angelo Mozilo</a> always looks like he put a lot of thought into his clothes. Company shareholders are more concerned with what the stewards of their wealth actually do. "Hey, nice suit, asshole. How much did it cost me?"</p>
<p>In fact, it's not uncommon for the messiest guy in the office to also be the most heralded, a phenomenon that has made its way into popular culture. In Dana Vachon's recent novel, <cite>Mergers & Acquisitions</cite>, the only clear hero is the poor overweight slob to whom all J.S. Spenser's dirty work has been outsourced. The other guys—the ones who can tell the difference between a Turnbull & Asser and a Thomas Pink shirt "blindfolded"—are not so laudable.</p>
<p>Women can take even more criticism if they seem overly concerned with their dress—often at the hands of female superiors. "I'm more 'fashiony,' which is definitely misunderstood and under-appreciated in my line of work," wrote a V.P. at one of New York's better banks. Sport more tailored and modern clothing and you get hit with a double-whammy—not only are you not working hard enough, you're trying to distract everyone else from their business.</p>
<p>If you think that's all hooey, I'd ask you to recall the time Hillary Clinton showed up on the Senate floor revealing a centimeter of cleavage under her rose-colored blazer. No one went so far as to accuse her of trolling for a date, but no one exactly congratulated her on the outfit either. (Or glance at the wardrobes of such titans as <a href="http://www.portfolio.com/resources/executive-profiles/Margaret-C-Whitman-13530">Meg Whitman</a>, who just stepped down from her post as eBay's C.E.O., and Irene Rosenfeld, head of Kraft Foods. For them, the way to success was brains, hard work, and separates from Talbots.)</p>
<p>There are, of course, the rare exceptions to the rule. Julie Macklowe, portfolio manager for Sigma Capital Management, was recently recognized as an "It" girl by <a href="http://www.style.com/vogue/">Vogue</a>. And, speaking of that venerable title, fashion is perhaps the one industry where showing up looking like a slob or like a buttoned-up matron can get you into hot water. Don something less-than and you could face the same question: "Who has time for…that?"</p><br style="clear: both;"/>
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| Source: Wired Thu, 14 Aug 2008 17:00:00 GMT |
| Scott Brown (the World's Most Brilliant Writer) Gets a Wiki Page All His Own |
| <!--
pageType= magazinesmall
slug= pl_brown
section= techbiz
subsection= people
headline= Scott Brown (the World's Most Brilliant Writer) Gets a Wiki Page All His Own
authorName= Scott Brown
creditType= illustration
credit= Mr. Bingo
-->
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<p style="font-size:188%;line-height:1.2em;">Scott Brown</p>
<p><em>This article is about the renowned humorologist. For the sports figure, see <a href="http://en.wikipedia.org/wiki/Scott_Brown_%28Scottish_footballer%29">Scott Brown (Scottish footballer)</a>.</em></p>
<div id="bio_sb">
<div id="bio_sb_title">
Scott Brown
</div>
<img src="http://www.wired.com/images/article/magazine/1608/pl_brown_f.jpg" style="padding:12px 0px;width:250px;height:298px;display:block;" />
<br/>
<table cellpadding="0" cellspacing="0">
<tr valign="top">
<td class="bio_sb_elem1" width="100">Born</td>
<td>
March 2, 1976 (age 23)
<br/>
Opelika, Alabama (Europe)
<br/>
<br/>
</td>
</tr>
<tr valign="top">
<td class="bio_sb_elem1">Pen name</td>
<td>
Jonathan Safran Foer
<br/>
<br/>
</td>
</tr>
<tr valign="top">
<td class="bio_sb_elem1">Occupation</td>
<td>
Writer, author, writer-author, songstress, avid composter
<br/>
<br/>
</td>
</tr>
<tr valign="top">
<td class="bio_sb_elem1">Genres</td>
<td>
Fiction, nonfiction, fan-fiction, email, checks (no less than $50)
<br/>
</td>
</tr>
<tr>
<td colspan="2">
<div style="border-bottom-width:1px;border-bottom-style:solid;border-bottom-color:#AAAAAA;"> </div>
<br/>
</td>
</tr>
<tr valign="top">
<td class="bio_sb_elem1">Influences</td>
<td>
Julius Caesar, Raphael (disambiguation: ninja turtle), Black Jesus, the Bangles: <cite>Greatest Hits</cite>
</td>
</tr>
<tr>
<td colspan="2">
<div style="border-bottom-width:1px;border-bottom-style:solid;border-bottom-color:#AAAAAA;"> </div>
<br/>
</td>
</tr>
<tr valign="top">
<td colspan="2" style="text-align:center">
<strong>Web site</strong>
<br/>
<a href="http://www.people.com">www.people.com</a> (updated infrequently)
</td>
</tr>
</table>
</div>
<br/>
<br/>
<br/>
<p><strong><nobr>Scott McClure Brown</nobr></strong>
<br/>
(born March 2, 1976) is an American writer, journalist, and underwear model. [citation needed]</p>
<h3 style="width:300px;">Early life and career</h3>
<p>Brown was born in Alabama in 1976. He grew up white and male — which, he assures you, is harder than it looks. He learned <a href="http://en.wikipedia.org/wiki/Share_cropping">sharecropping</a> from his father and wine-pairing from his mother, but his greatest teacher was the streets: They taught him everything he knows about paving and resurfacing. HA! Yes, Brown is also a humorist, and thank you, America, for the laughter.</p>
<p>In 1998, Brown began writing for magazines and awaiting the creation of a free, crowdsourced online encyclopedia that would deliver the recognition denied him by his peers, his parents, and <a href="http://www.amazon.com/Among-American-School-Students-Texas/dp/B000J5C6AS"><cite>Who's Who Among American High School Students 1993/1994</cite></a>.</p>
<h3>Controversy</h3>
<p>Famously, no one has ever created a Wikipedia page for Brown, an omission some attribute to a lack of Web savvy on the part of Brown's mother. Across Brown's apartment, the debate rages: How is it that a man can write stuff, put his name on it, and get published over and over again and not warrant a few lines in the world's de facto most-authoritative public record? Seriously, would it kill the world's de facto most-authoritative public record? You don't even have to upload a picture. (But if you do, please use one of the pre-bald ones.)</p>
<p>Some say Brown was simply too humble to promote himself properly. Others maintain Brown's ideas were too radical for <a href="http://en.wikipedia.org/wiki/The_system">the system</a>, and the system retaliated by not noticing. Still others claim that "some," "others," and "still others" were all Brown, using various high-pitched voices.</p>
<h3>Resurgence and triumph</h3>
<p>Brown was often advised to secretly author his own Wiki entry, despite how this would violate the rules and juke the whole noble Wiki experiment. "Everyone does it!" Brown was told. <cite>What's the use of a free-market popularity contest if it's rigged and padded</cite>, he reasoned. <cite>Then it's just LinkedIn!</cite> For years, he maintained a serene faith in the wisdom of crowds, checking Wikipedia two or three times a day to discover that a) he wasn't there and b) crowds are stupid. And then one day, after a night of heavy drinking, an entry finally appeared.</p>
<h3>"I didn't write this"</h3>
<p>Late in his Wikipedia entry, Brown was quoted as saying, "I didn't write this Wikipedia entry. It may look like I did, but I didn't. I'm a published writer, so it's not inconceivable that one of my many hot young fans [citation needed] wrote this. I'll look it over, though, just to make sure everything's accurate ... Yup, looks good!"</p>
<h3>Death and sainthood</h3>
<p>Toward the end of his life, Brown died. He died a hero, blowing up a <a href="http://en.wikipedia.org/wiki/Special:Search?search=nazi+asteroid&go=Go">Nazi asteroid</a> that was either headed for <a href="http://images.google.com/images?q=ohio">Ohio</a> or was the size of Ohio. (And he doesn't even have any friends in Ohio!) Anyway, the people have spoken. With a single voice. Which is not his. Make changes, but know this: The people check this page a lot, and they like it how it is.</p>
<p>- - - -</p>
<p><em>Scott Brown's Wikipedia page <a href="http://en.wikipedia.org/wiki/Scott_Brown">may (or may not) be here</a> .</em></p>
<p></p><br style="clear: both;"/>
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