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Archive for September, 2007

Google Sponsors Moon Landing Prize

Posted by iBlog on September 14, 2007

CAPE CANAVERAL, Florida (Reuters) – Web search leader Google Inc. will sponsor a $30 million competition for an unmanned lunar landing, following up on the $10 million Ansari X Prize that spurred a private sector race to space.

Like the Ansari X Prize, which was claimed in 2004 by aircraft designer Burt Rutan and financier Paul Allen for a pair of flights by SpaceShipOne, the Google Lunar X Prize is open to private industry and non-government entities worldwide, organizers said before an official announcement on Thursday.

Read the full article in Reuters


Posted in Current News, Technology | 1 Comment »

U.S China End Safety Talks

Posted by iBlog on September 14, 2007

WASHINGTON (Reuters) – China will work with the United States to ensure the safety of exported toys and other goods, a top Chinese official said, but Beijing still insists it is not solely to blame in recent safety scandals.

Wei Chuanzhong, vice minister of China’s General Administration for Quality Supervision, Inspection and Quarantine (AQSIQ), said the lengthy talks with U.S. agencies in Washington this week were productive.

Read the full article in Reuters

Posted in Asia Business, China Global, World News | Leave a Comment »

Global News Video Clips

Posted by iBlog on September 14, 2007


Emergency In Darfur


Alive In Bagdad – Journalist Discusses Iraq


Russia Builds Vacum Bomb


911s Masterminds Tape Released




Posted in Videos | Leave a Comment »

Does Social Media Make You Dumb?

Posted by iBlog on September 13, 2007

The “Mainstream Media” has had somewhat of an antagonistic relationship with “New Media”. Journalists have bemoaned blogging on several occasions, stating simply that “Journalism requires journalists”. Once again journalists are gracing us with another study linking the success of the social news sites to the downfall of society.The study, conducted by the Project for Excellence in Journalism (PEJ), compared the mainstream media’s headlines for one week against those of a host of user-news sites. Specifically:

“PEJ took a snapshot of coverage from the week of June 24 to June 29, 2007, on three sites that offer user-driven news agendas: Digg, Del.icio.us and Reddit. In addition, the Project studied Yahoo News, an outlet that offers an editor-based news page and three different lists of user-ranked news: Most Recommended, Most Viewed, and Most Emailed. These sites were then compared with the news agenda found in the 48 mainstream news outlets contained in PEJ’s News Coverage Index.”

Read the full article in TechCrunch

Posted in Business Psychology, Creativity & Culture, Digital Media, Social Media, Social Networking, Technology, Videos | 1 Comment »

Sprint Nextel Rolls Out Shopping Service

Posted by iBlog on September 13, 2007

Called Mobile Shopper, the free service essentially replicates the experience of shopping online but on a mobile handset. The service also allows shoppers to compare the prices they see in stores with those offered by more than 30 online partners.

Customers who like what they see can order items on the spot with a credit card.

“Mobile shopping on a handset, being able to do real-time price comparisons … is really the advantage that we see and something we think our users are going to get really excited about,” said Charnsin Tulyasathien, Sprint’s group manager of consumer applications and GPS solutions.

Read the full article in Yahoo

Posted in Current News, Technology, Telecommunications | Leave a Comment »

Norman Hsu: Travelling Man

Posted by iBlog on September 12, 2007

Hsu, 56 years old, has contributed or raised more than $1.2 million for Hillary Clinton and other Democrats, and is one of the party’s leading fund-raisers. But he became such a source of embarrassment for the Clinton campaign after press reports on his questionable campaign giving, and that he was a fugitive wanted in an early 1990s investment- fraud case, that the Clinton campaign said it was returning $850,000 from 260 donors associated with him.

Hsu called the matter a misunderstanding, then failed to show up at a court hearing in Redwood City, Calif., on the case Wednesday. Instead, he booked passage on an Amtrak train headed to Chicago.

That night, passengers on in the sleeper compartment across the aisle from his noticed a hat, a book and other items spilling into the hallway from under the door. The next morning, the drapes were still drawn. Returning from breakfast, one passenger peeked through the curtains and saw a person wedged against the door. The passenger, Joanne Segale, a retired school-bus driver from Sonora, Calif., knocked on the window but got no answer. Segale said she saw a man who appeared to be in fetal position, bare-chested. “It appeared this person had fallen out of bed,” she said.

Eventually, three conductors used the crowbar to pry the door open.

Segale said that Hsu “could not stand. He was acting like he didn’t understand them. They tried to get him up but he couldn’t walk.” At one point, Hsu asked the Amtrak attendants if he was in jail, according to Segale.

When Hsu was helped to the bathroom, Segale says she saw “lots and lots of medication in that room. I could see pills on the floor and rolling around.”

Amtrak conductors called paramedics, who met the train in Grand Junction, Colo. When Hsu was checked into a local hospital, law-enforcement officials were notified that Hsu had been found.

Hsu’s public-relations advisers declined Monday to comment on Segale’s account. Previously, his representatives called accounts of his actions on the train “mostly hearsay” and “sensational.”

Posted in Articles By Author | Leave a Comment »

Rich Vs. Super Rich

Posted by iBlog on September 12, 2007

Such is the case with the virtual class war between the rich and super-rich. The New York Times has been especially vocal on the topic, coming out with a number of features — such as this one and this one — and a opinion piece over the last year.In the August 5th article, Gary Rivlin writes about a self-described Silicon Valley geek who’s worth about $3.5 million — and complains that he doesn’t feel rich: “I know people looking in from the outside will ask why someone like me keeps working so hard. But a few million doesn’t go as far as it used to. Maybe in the ’70s, a few million bucks meant ‘Lifestyles of the Rich and Famous,’ or Richie Rich living in a big house with a butler. But not anymore.”

I’ve written plenty about the topic as well. In Richistan, I profile a yacht owner who complains that his 100-foot yacht is “like a dingy” compared to the huge fleet of 150-foot and 200-foot boats now crowding the seas.

The main reason for all this class envy at the top is that inequality among the rich is now at its highest level in recent history. The economic distance between mere millionaires and the richest billionaires has more than doubled over the past decade. While the average income for the top 1% of income earners grew about 57% between 1990 and 2004, it grew by more than 80% for the richest one-tenth of one percent.

Posted in Articles By Author | Leave a Comment »

The Secrets Of Serial Success

Posted by iBlog on September 12, 2007

Five years ago, Tom Scott and Tom First realized they would never have to work again. Friends from college, the pair had launched a juice brand called Nantucket Nectars from the back of their island boat and catapulted themselves — the self-dubbed “juice guys” — into the stuff of entrepreneurial legend as their beverage took off nationwide.

Read the full article in WSJ

Posted in Entrepreneurship, Small Business | Leave a Comment »

How a Muslim Billionaire Thrives In Hindu India

Posted by iBlog on September 12, 2007

BANGALORE, India — The world’s richest Muslim entrepreneur defies conventional wisdom about Islamic tycoons: He doesn’t hail from the Persian Gulf, he didn’t make his money in petroleum, and he definitely doesn’t wear his faith on his sleeve.

A native of Mumbai, Azim Premji has tapped India’s abundant engineering talent to transform a family vegetable-oil firm, Wipro Ltd., into a technology and outsourcing giant. By serving Western manufacturers, airlines and utilities, the company has brought Mr. Premji a fortune of some $17 billion — believed to be greater than that of any other Muslim outside of Persian Gulf royalty.


Posted in Asia Business, Current News, Going Global, India Global | Leave a Comment »

Dollar Sinks To A New Low

Posted by iBlog on September 12, 2007

The 13-nation euro rose as high as $1.3901 in late afternoon European trading — topping its previous record of $1.3852, reached on July 24. It almost immediately fell back to $1.3889, compared with the $1.3832 it bought in New York late Tuesday.The sudden surge came after Treasury Secretary Henry Paulson, speaking to officials from some of the biggest financial firms in the U.S., said that volatility in financial markets will take some time to be resolved, particularly in the area of subprime mortgages


Posted in Current News, Finance | Leave a Comment »

Google Map May Break Canada Law

Posted by iBlog on September 12, 2007

OTTAWA (Reuters) – The Street View feature of Google Maps, with its close-up views of city streets and recognizable shots of people, could violate a Canadian law protecting individual privacy, officials said on Wednesday.

Google Inc introduced street-level map views in May, giving web users a series of panoramic, 360-degree images of nine U.S. cities. Some of the random pictures feature people in informal poses who can clearly be identified.

Canada’s Privacy Commissioner Jennifer Stoddart wrote to Google in early August asking for more details. She said if the Street View product were expanded to Canada without being amended, it could well violate privacy laws.

The images were produced in partnership with Canadian firm Immersive Media Corp, which says it has taken similar street level pictures of major Canadian cities.

Canadian law obliges businesses wishing to disclose personal information about individuals to first obtain their consent. Stoddart said pictures of people on Street View were clear enough to be considered personal information.

“The images … appear to have been collected largely without the consent and knowledge of the individuals who appear in the images,” wrote Stoddart.

Posted in Current News | Leave a Comment »

Oil Hits Record Above $79

Posted by iBlog on September 12, 2007

LONDON (Reuters) – Oil hit a record high above $79 a barrel on Wednesday, propelled by an unexpectedly large drop in U.S. crude oil stocks that coincided with only a small output increase from OPEC ahead of peak winter demand.

U.S. light crude for October delivery set a record high of $79.29 a barrel, beating the previous record of $78.77 reached on August 1.

U.S. crude was 70 cents higher at $78.93 a barrel by 11:30 a.m. EDT. London Brent crude was up 57 cents at $76.95.

Read the full article in Reuters

Posted in Current News | Leave a Comment »

Wanted VPs of Design

Posted by iBlog on September 12, 2007

Every Tuesday, John McGuire, the director of product design for the hip San Francisco-based bagmaker Timbuk2 Designs, spends two hours with a tutor, Erin Lowenberg. A veteran merchant at Gap (GAP) under Mickey Drexler, Lowenberg helps the 28-year-old McGuire review developing product lines, prepare for presentations to the management team, align his line planning with revenue goals, and learn other essential business tasks that he wasn’t taught in design school.

“School prepared me well for the day-to-day stuff that we do as designers,” says McGuire, who joined the bagmaker 18 months ago and now heads a team of five at the 60-person company. “To me the gap is in understanding the bigger picture—how product design merges with branding and revenue planning and so on.”

Read the full article in BusinessWeek.com

Posted in Fashion & Beauty, Retail Market | Leave a Comment »

Fashion Week By The Numbers

Posted by iBlog on September 12, 2007

Even though a typical runway show only lasts about 600 seconds, fashion industry executives understand that they can still reap benefits months, even years, later. So while New York Fashion Week (BusinessWeek, 9/15/06) runway shows can rack up huge bills, fashion brands—no matter their size—can’t seem to help but indulge in hefty investments in an attempt to create a memorable presentation.

As it turns out, costs don’t have to be astronomical. Tracy Reese, a New York designer showing her women’s wear collection on Sept. 7, is celebrating her brand’s 10-year anniversary in low-key style. She’s chosen to display her wares inside Bryant Park’s midsize space, the Promenade, which can be rented for $36,000 (which includes lighting, a basic stage, access to the list of 3,500 registered press members, and the dozens of volunteers needed to help get everything done within the four hours allocated to each designer).

Read the full article in BusinessWeek.com

Posted in Fashion & Beauty, Online Retail | Leave a Comment »

Housing Woes May Cause Recession

Posted by iBlog on September 12, 2007

Ongoing weakness in the housing market will push the national economy to the brink of recession, but growth in other areas should put the country back on a slow road to recovery by 2009, according to an economic forecast released Wednesday.

Read the full article in Yahoo

Posted in Real Estate | Leave a Comment »

Europe Number 1 In Sustainable Energy

Posted by iBlog on September 12, 2007

Saving the planet may not seem like the quickest path to riches. Yet plenty of investors are betting that sustainable energy will make them lots of money. Already the sector is fast becoming a multibillion-dollar industry, giving companies the chance to boost their profit margins and help fight climate change at the same time. Taking advantage of this investment revolution, a wave of European firms has pioneered alternative energy technology to help make Europe the world leader in reducing carbon emissions.

Read the full article in BusinessWeek.com

Posted in Europe, World News | 1 Comment »

No Stopping Chinese Stocks

Posted by iBlog on September 12, 2007

Seems like nothing can cool Chinese investors’ ardor for local stocks. Despite market meltdowns in the rest of the world and moves by Beijing to dampen demand for equities, China’s stock markets are at a record high. On Aug. 22, China’s benchmark CSI 300 stock index blasted through the all-important 5000 level, shrugging off an interest-rate hike by the central government announced the previous day, to close up 78.98 points, to 5051.69. The index, which tracks the 300 most important companies listed in Shanghai and Shenzhen, has jumped 147% this year

Read the full article in BusinessWeek.com

Posted in Asia Business, China Global, Finance, Wall Street | Leave a Comment »

Stepping Out Of iPhones Shadow

Posted by iBlog on September 12, 2007

In the decade since its birth, High Tech Computer has become the old faithful of the Taiwanese electronics industry. Other companies experience their ups and downs, but HTC—one of the world’s most advanced designers and manufacturers of smartphones—has always just charged ahead, each month reporting bigger and bigger sales. That consistent performance helped HTC rise to No. 2 in this year’s Asia BusinessWeek 50 rankings. The good times of ever-expanding sales and soaring stock prices, though, now seem to be ending for HTC. The company’s Taipei-listed shares have lost a third of their value in the past year amid investor concerns about increasing competition in HTC’s key market—phones and PDAs that use the Microsoft (MSFT ) Windows operating system. HTC is the world’s biggest supplier of such devices, which have many more computer-like functions than ordinary cell phones or handhelds. <!– if (!window.OAS_sitepage) { var BW_site; // use for new ad site var BW_page = “/magazine”; var OAS_listpos; // use to restrict the number of available page positions document.write(”); } //–>

Read the full article on BusinessWeek.com

Posted in Creativity & Culture, Current News, Digital Media, Technology | Leave a Comment »

Google Hits A Chinese Wall

Posted by iBlog on September 12, 2007

Google is having a hard time getting its China strategy to click. Baidu.com Inc., (BIDU) based in Beijing, owns more than 58% of China’s Internet search market, compared with less than 25% for Google, according to Analysys International, a research firm based in the Chinese capital.

Read the full article in BusinessWeek.com

Posted in Creativity & Culture | Leave a Comment »

Japan’s Cybercafes Go Upmarket

Posted by iBlog on September 12, 2007

These ought to be difficult days for operators of Internet cafés in Japan. After all, why would Japanese go to a cybercafé when the widespread availability of broadband means most homes can have reliable, high-speed connections to the Net? With download speeds typically 10 times faster than in the U.S., Japanese surfers enjoy the fastest broadband connections in the world. And the Japanese increasingly don’t need computers to go online. The first country in the world to offer 3G services back in 2001, Japan is today a leader in mobile Internet use.

Read the full article in BusinessWeek.com

Posted in Asia Business, Creativity & Culture, Digital Media | Leave a Comment »

Mac or Windows?

Posted by iBlog on September 12, 2007

Tony Salemi writes: I’m interested in purchasing a laptop and would appreciate your guidance. I am currently attracted to Apple’s Macbook Pro, 15 in. or 17 in. My primary interest in upgrading my laptop is to pursue my interest in art using Corel (CREL) Painter 10 and Adobe (ADBE) Photoshop Elements 5. My other requirements are wireless connection to the Internet and spreadsheets with Excel. My concerns are, in priority order:

Read the rest on BusinessWeek.com

Posted in Creativity & Culture | Leave a Comment »

Apple Eyes The Wireless Auction

Posted by iBlog on September 12, 2007

Talk of the government’s pending auction of valuable wireless spectrum has focused largely on one intriguing newcomer to the bidding: Google (GOOG). But another tech powerhouse has considered joining the bidding as well: Apple (AAPL).

Two sources tell BusinessWeek that Steve Jobs & Co. have studied the implications of joining the auction, which will be held Jan. 16. The winners will get rights to use the spectrum that analog TV broadcasters are handing back to the government in 2009, given their mandated move to digital television.

Read the full article in BusinessWeek.com

Posted in Creativity & Culture, Current News | Leave a Comment »

How To Make SEO Work For You

Posted by iBlog on September 12, 2007

You should also formally submit your site to the major search engines, which allows them to index it. Include at least Yahoo (YHOO), Google, and MSN (MSFT), Leff suggests, but don’t necessarily limit it to those three. People searching the Internet don’t all use the same search engines. “Research shows that older audiences still like AOL (TWX) and professional audiences tend to like MSN and Google, while younger audiences often like Yahoo. Only about one-third of users use one search engine consistently,” McPherson says. Knowing your audience will help you decide which search engines to optimize for. Go to their home pages and search “how do I submit my site?” to get easy instructions.

 Read the full article in BusinessWeek.com

Posted in eCommerce, Innovation, Sales & Marketing | Leave a Comment »

The Right Way To Use Web 2.0

Posted by iBlog on September 12, 2007

Three Keys to Successfully Exploiting Web 2.0

Entrepreneurs are eager to use the rapidly emerging social networks and blogging tools to get closer to their customers, but first they need to develop a business strategy, according to members of a high-profile panel in a recent discussion at the MIT Enterprise Forum of the Northwest. Panelists included representatives of Technorati, Facebook, and Wetpaint, who offered the following suggestions for best using Web 2.0 techniques:

Read the full article in BusinessWeek.com

Posted in Sales & Marketing, Social Networking, Technology | Leave a Comment »

Microsoft Releases 4 Security Fixes

Posted by iBlog on September 12, 2007

The IM flaw would allow hackers to run malicious code on computers if users click on an instant message link inviting them to check out a video.

“If the victim accepts that invitation, that’s when this vulnerability kicks in,” said Amol Sarwate, manager of the vulnerability research lab at the security company Qualys Inc.

Hackers are beginning to target instant messaging programs because it’s getting harder to trick people into clicking on links sent in e-mails, analysts say.

And not all PC security programs cover instant messaging programs, said Andrew Storms, director of security operations at nCircle, a vulnerability management company.

Two other patches released Tuesday as part of Microsoft‘s regular monthly security updates affect programs used by software developers and administrators of corporate computer systems.

Microsoft recommends that all users set up their computers to receive the updates automatically.

Posted in Current News | Leave a Comment »

Making a Network Connection

Posted by iBlog on September 9, 2007

When you’re promoting a new business, especially one with an arcane specialty, the wider your circle of contacts the better…

Read the full article in BusinessWeek.com

Posted in Business Networking | Leave a Comment »

Social Networks – Execs Use Them Too

Posted by iBlog on September 9, 2007

Encover Chief Executive Officer Chip Overstreet was on the hunt for a new vice-president for sales. He had homed in on a promising candidate and dispensed with the glowing but unsurprising remarks from references. Now it was time to dig for any dirt. So he logged on to LinkedIn, an online business network. “I did 11 back-door checks on this guy and found people he had worked with at five of his last six companies,” says Overstreet, whose firm sells and manages service contracts for manufacturers. “It was incredibly powerful.”

Read the full article in BusinessWeek.com

Posted in Business Networking, Social Networking | Leave a Comment »

The Next Private Equity Bid

Posted by iBlog on September 9, 2007

In June, Shaw disclosed it owned 6.2% of the company and said it was pushing for changes at ITG to boost its stock price. On Sept. 4, the Federal Trade Commission approved Shaw’s request to further increase its stake to 15%. The FTC action, under the Hart-Scott-Rodino Act, waives a waiting period and clears away antitrust concerns.

It’s a step commonly taken by activist investors. “It provides them the freedom to increase their ownership of the company,” says Damien Park, president of Hedge Fund Solutions. Last month, shares of Biogen (BIIB) hit a one-year high after activist investor Carl Icahn won FTC clearance to increase his stake in the company.

Read the full article in BusinessWeek.com

Posted in Finance | Leave a Comment »

Wall Street Awaits Feds Announcement

Posted by iBlog on September 9, 2007

Investors have been hoping for weeks for a rate cut from the Federal Reserve, which meets Sept. 18. But now, after last week’s disagreeable jobs report, Wall Street is more nervous than ever over the possibility that even the expected quarter-point rate cut next week may not be enough to save the economy from slipping into recession and stocks from sliding into negative territory for the year.

Read the full article in Yahoo.com

Posted in Asia Business, Finance | Leave a Comment »

breaking Open Facebook

Posted by iBlog on September 8, 2007

Scoble discusses the history of the social network, how its open application strategy is taking it to the next level, and the threat to Yahoo, MySpace and plain old email.

Watch the video on Fastcompany.com

Posted in Videos | Leave a Comment »