Monthly Archives: September 2009

“Some People Delight In Clipping Wings Because They Themselves Cannot Fly.” Robert A. Heinlein

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“The Web As Random Acts of Kindness” – Jonathan Zittrain’s TED Talks Video

A great TED Talks video documenting how random of acts of kindness are molding our online experience, whether we realize it or not.

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Dear Rupert Murdoch: We Won’t Pay For News Online. Sincerely, All Of Us.

Courtesy of BusinessInsider.com:

” Asked what they would do if their favorite news site suddenly began charging, 74% of respondents said they would “find another free site,” according to a Harris Interactive study commissioned by PaidContent UK. Only 5% said they’d pay to continue reading.

We wonder if studies like this will put any kind of damper on Rupert Murdoch’s plans to charge for access to much more of News Corp’s online news and entertainment content — from celebrity pics to the Wall Street Journal. “

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Is The Dollar { $ } The New Yen { ¥ }, Or Is It The New Peso { $ } ??

Courtesy of cnbc.com:

” The falling US dollar is expected to get even weaker, moving to the center of a carry trade and encouraging global investors to borrow more dollars to fund higher-yielding currencies and assets. Is this necessarily a bad thing and does this mean the dollar will become the new yen? Peter Schiff, president of Euro Pacific Capital, shared his thoughts.

“I don’t know when [the dollar] is going to strengthen,” Schiff told CNBC. “The dollar isn’t the new yen, it’s unfortunately the new peso.”

Schiff said the yen carry trade is over and the new Japanese government is even talking about the benefits of a stronger yen for the domestic economy.

“The yen has gone a lot higher but the dollar is going to go a lot lower, which makes it ideal,” said Schiff. “Not only can you borrow dollars for very cheap and earn to carry by investing in higher yielding assets, but the dollar is going to fall sharply. So anyone who puts on the carry trade is going to make a ton of money.”

Schiff said the Federal Reserve will soon run into the dilemma of either having to supply the carry traders with an endless amount of cheap dollars or put a halt to the carry trade and aggressively raise interest rates, which will “bring on a much more severe recession than anything we’ve experienced so far.”

Meanwhile, Schiff said he owns the Australian and Canadian dollars as well as the Japanese yen.

“I own a lot of Japanese yen—I think it’s breaking out and the chart looks fantastic,” he said.

“I wouldn’t be looking at any pullbacks from these currencies. There’s a much better chance that the dollar drops through a trap door…I’ve been shorting the dollar for years. I do it because I own foreign currencies, precious metals, and foreign stocks.” “

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The Emergence of Microsoft’s Amazing “Courier” Tablet-Science Fiction Becomes Science Fact.

From Fastcompany.com / Gizmodo.com

” Check out the video of Courier in action–Gizmodo’s apparently obtained the information from directly within Microsoft’s secret development team. (The video file shown last night was titled “projectwood” but don’t be fooled into thinking that’s a Microsoft code name.) It’s a dual 7-inch screen unit with Wi-fi, GPS and camera built-in.

It’s amazing, isn’t it? The kind of amazingly futuristic UI that we’ve seen a thousand times in sci-fi movies, infused with Surface-like powers, promising a crossover between a Star Trek digital pad, and The HitchHiker’s Guide to The Galaxy as depicted in the movie, and the voice of that spooky lady in the Palm Pre ads. It’s also, according to Gizmodo, absolutely real, in development and currently at a “late prototype” stage. You will, allegedly, be able to buy this thing soon. “

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My Fave Scene From “Anchorman” {Fox 5 New York} by Ron Burgundy {Ernie Anastos} Stay Classy, NYC! (Mature Content)

Priceless. Caution, mature content.

Ernie Anastos, NYC broadcast news anchor legend!

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Sprint-T-Mobile Merger Could Hit Static In D.C.

From Mediapost.com:

” A report in the U.K.’s Sunday Telegraph that Deutsche Telekom AG is considering buying Sprint Nextel sent the U.S. carrier’s stock surging on Monday, up 11% this afternoon. Citing unnamed sources, the article said the company could make a bid for Sprint in the next few weeks.

The merger would give fourth-ranked carrier T-Mobile and third-largest Sprint a combined 78 million U.S. mobile customers and position the new entity as a more formidable competitor to Verizon Wireless and AT&T. At least one analyst welcomed the deal as beneficial to the entire wireless industry because it would mean less price competition.

“There’s just too many cooks in the kitchen in the U.S. wireless market right now, and the logical route to consolidation is a combination of Sprint and T-Mobile,” Craig Moffett, an analyst at Sanford C. Bernstein & Co. told Bloomberg. “This is an industry that is calling out for consolidation.”

But news of a possible T-Mobile-Sprint merger comes at a time when the government is looking broadly into competition in the wireless industry. The Federal Communications Commission last month began a formal inquiry into areas such as exclusive deals between handset makers and carriers, wireless billing practices and whether current conditions in the wireless market allow for new entrants.

The major carriers have opposed increased regulation in large part on the grounds that there’s already robust competition in the wireless market, with consumers have a choice of four or five providers in a given market. But the merger of two of the four biggest U.S. carriers would undercut that argument, leaving only three national operators.

Given the heightened scrutiny the wireless industry is already under in Washington, it doesn’t seem regulators or Congress would look favorably on such a deal that would further limit competition. So even if Wall Street is cheering the proposed match, don’t expect the deal to get a warm welcome in the capital if it comes to that. “

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