Category: News

  • Will Ford discontinue the Australian-made Falcon?

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    Even though Ford honcho Alan Mulally was seriously smitten by the company’s Aussie Falcon G-Series, doubts about the car’s future were presaged nearly a year-and-a-half ago as Ford built momentum behind the “One Ford” program. That initiative focused on the rationalization of platforms, so multiplel vehicles sold around the world could share underpinnings and save the Blue Oval some bucks. But with new fuel mileage requirements, the fate of the rear-wheel drive Falcon began to grow dark.

    Things weren’t helped at the Detroit Auto Show, were Mulally said “The best thing for Ford is to bring our scale and volume” to bear on the market and the balance sheet, and that manufacturers engaged in the complexities of different platforms for different markets, “can’t compete with the global companies, and Ford’s going to be a powerhouse globally.”

    The front-wheel drive Taurus platform is the one being mooted as the foundation of the next Falcon, and the idea of a FWD Falcon is practically Galilean heresy to Aussie enthusiasts. The popular sedan’s redesign doesn’t begin until next year in view of a 2014 market date so Mulally has a year to make a decision – and Aussies have a year to sway him. If the next Falcon is FWD, a compensation prize could be the Australian division helping to engineer the Mustang platform. Thanks to everyone for the tips!

    [Source: Drive.com.au]

    Will Ford discontinue the Australian-made Falcon? originally appeared on Autoblog on Wed, 13 Jan 2010 09:28:00 EST. Please see our terms for use of feeds.

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  • 2010 Production estimates; News from US Bank, Wells, Guild, SunTrust; HUD’s list of companies under scrutiny

     

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    According to news sources in Denver, where the City Council voted to regulate medical marijuana dispensaries, more applications have been received for licenses for selling pot than there are Starbucks coffee shops in the entire state, 390 versus 208. Fun with numbers…

    “God Loves Mortgage Bankers.” Maybe that could be an MBAA bumper sticker at the next convention. Especially smaller mortgage companies, whose owners tend to be optimistic and which is very fortunate. But it seems that there is a disconnect going on in the industry between many smaller companies’ projections for their own volumes and profit margins for 2010, and the industry-wide projections. Every large investor has production projections that range from $1 trillion to about $1.5 trillion for 2010. The MBAA came out yesterday with a projection that residential mortgage originations will drop 40% this year to the lowest level in a decade: $1.28 trillion down from $2.11 trillion in 2009. They expect purchases to rise slightly to $776 billion from $742 billion in 2009 but expect refinances dropping to $502 billion this year from $1.372 trillion last year. Yet many smaller companies are expecting to increase their production: “My company funded 15 loans per month on average, but since then we’ve hired 5 more agents, so we expect to do 25 loans per month…” Let’s keep our fingers crossed!

    Maybe they’ll have some help: last week mortgage applications in the U.S. rose 14%, with refinancing up 22% and purchases up .8%. Slightly lower rates last week helped, of course, and apps for refinancing were back up to 71.5% of all applications.

    Uh-oh. Let’s hope that you don’t find your company on this list, put out by HUD and consisting of companies that are under investigation for excessive claims. http://portal.hud.gov, click on “Press Room”, “Press Releases” and then “HUD INSPECTOR GENERAL PROBES MORTGAGE COMPANIES WITH SIGNIFICANT CLAIM RATES”.

    At least our Treasury Department is making some coin. The department had a $46 billion profit last year – heck, I wish that I get my taxes done as quickly as they calculated that! Of course, you couldn’t lose owning Treasury debt, mortgaged-backed and agency securities.

    more news on Suntrust, Guild Mortgage, US Bank wholesale, Wells wholesale, penalizing TARP banks, China, rates, and joke of the day … <<< CLICK HERE TO CONTINUE

  • Scientists Versus Mountaintop Removal Mining–A Communications Coup | The Intersection

    My latest Science Progress blog post looks at the case of a recent Science paper that has had a dramatic impact on the debate over so-called “MTR”–an extremely destructive and invasive form of mining that literally takes the caps off of mountain peaks to access the coal inside them. In essence, it’s the story of scientists being willing to stand up and say what they think about policy, and having a real influence as a result–a case study in how to make scientific information have its maximal impact. An excerpt:

    To me, the most intriguing question is this: How did the 12 environmental scientists on the Science paper managed to achieve such an impact? Did they plan for it, or was it just fortuitous?

    So I called up Margaret Palmer of the University of Maryland Center for Environmental Science, the article’s lead author. I was something like her 30th media interview on the topic, but unlike other journalists, I didn’t want to ask about either the policy or the science of MTR. Rather, I inquired about the communication strategy that had been employed to disseminate news about her paper. And thus unfolded a striking story of a group of scientists, with extremely important research on their hands, doing everything pretty much right to ensure its maximal impact.

    As Palmer explained, the project out started as pure science. Her team of researchers began by synthesizing a wide array of data from different scientific fields on the consequences of MTR, in a more thorough way than had ever been done before—a process that consumed many months in the peer review process. But as the truly alarming results started to manifest, members of the scientists’ group soon coalesced around a strong, unanimous position about what they were finding. “Rather than just reporting the science,” says Palmer, “we all agreed that the consequences were so huge, we were very comfortable saying, ‘This just has to stop.’”

    Resolved upon its message, the team then sought to disseminate it….

    To hear more of the story, you can read the full post here.

  • Search gets (even more) specialized

    The search technology marketplace is getting much more specialized, with important implications for you the customer.

    There are at least two different ways that software can specialize: Functionally and Vertically. Functional specialization — sometimes referred to as "horizontal" specialization — entails targeting a particular, well-known business use-case, such as e-discovery, that spans multiple different industries. Verticalization happens when a product gets tailored for a specific market "vertical" or industry segment, such as Manufacturing. (Verticalization typically implies functional specialization of some kind as well, but different industries beget different types of functional needs.)

    In the opposite direction, some vendors try to create omnibus platforms, making a product or product family more broadly capable, and therefore theoretically applicable to many different verticals and business scenarios. This can be an effective strategy, but at some level is the opposite of specialization. An example of this in the WCM world is Ektron‘s Web CMS, which started out essentially as a rich-text editor and has broadened, functionally, in a manner that would make the designers of the Swiss Army knife proud. Many other WCM and ECM tools have followed a similar path.

    The search marketplace has been quite different. Our latest Search & Information Access Research has found such specialization more the rule than the exception. In fact, it is a major — maybe the major — industry trend right now.

    For example, when a vendor such as Recommind continues to tailor its products in ways that favor addressing enterprise e-discovery use-cases and the legal marketplace, that’s an example of of both functional and vertical specialization.

    Other examples of functional and vertical specialization in search are legion.

    • Endeca continues to pursue categorization, clustering, and other techniques particularly relevant to the online-retail market (and the intelligence community, as well).
    • Surfray is striving to differentiate itself as the "SharePoint search solution."
    • Adobe Omniture‘s SiteSearch has concentrated heavily on an analytics-rich approach to search that appeals to marketers.
    • Sinequa, with its emphasis on linguistic analysis, continues to tout its prowess as a multi-repository "knowledge access tool," applicable for KM use-cases and the law enforcement sector.
    • Coveo and ISYS, meanwhile, continue to strengthen their capabilities in multi-client (palm/lap/desktop) enterprise search. Coveo, in addition, continues to beef up its BI capabilities; it now offers a search solution tailored for call-centers.

    For more examples, consult our newly updated Search & Information Access Research.

    Of course, the trend towards specialization search is not universal. Mega-vendor Autonomy offers a dizzying array of diverse search and access tools. Even then, Autonomy increasingly emphasizes "meaning-based computing." I’m not sure what that term means, but we’ve seen demos for functional use cases like e-commerce.

    Overall, we view specialization as a positive trend. It means search vendors (and presumably their customers) understand that search is not really a one-solution-fits-all problem. Search is as much a knowledge-discovery problem as it is a problem of "looking things up." It’s about finding things you didn’t necessarily know existed. And the tactics for doing that are as varied as the information world itself. There is no one right way to find something, so it stands to reason there is no one general-purpose system that can do it all. Getting the right search solution in place means first and foremost understanding your needs. And that’s something we can help you with — through our research and consultation. Don’t hesitate to call on us when the time comes.

  • Toshiba demonstrates 64GB SDXC, pledges spring release

    Toshiba demonstrates 64GB SDXC, pledges spring release

    We’ve known since August that Toshiba was working to rule the roost when it came to voluminous and speedy SDXC storage, and at CES it took the time to beat its chest again, indicating that its new 64GB SDXC cards have started shipping in samples, putting them on a crash-course with card slots sometime this spring. The 64GB cards offer 60MB/s reads and 32MB/s writes, which should be enough to keep up with the Jonses, and the company’s upcoming 32 and 16GB SDHC should be dropping about the same time. Toshiba is claiming this is the world’s first 64GB model, but we’re only interested in retail releases, and Panasonic and its February-bound offering might have something to say about who gets there first. The race is on.

    Toshiba demonstrates 64GB SDXC, pledges spring release originally appeared on Engadget on Wed, 13 Jan 2010 10:07:00 EST. Please see our terms for use of feeds.

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  • Congatec BM57 fits mobile Core i7 onto tiny mobo

    Should you be lusting after some of that Core i7 oomph but have a distaste for the large thermal and physical footprint of desktops, you’ll want to hear more from Congatec. A relative unknown hailing from Germany, the outfit has just announced its BM57 small form factor setup, which looks to be ideal for homebrew HTPC enthusiasts — primarily because its i7-620M CPU is both powerful (up to 3.33GHz with Turbo Boost) and relatively easy to cool (35W TDP, including chip-integrated graphics). The kit is able to support up to 8GB of dual-channel DDR3, as well as drive two video outputs concurrently. Choices include HDMI, DisplayPort and VGA, leading to some tantalizingly versatile possibilities for the creative self-builder. Prices are not yet available, but the BM57 will be demonstrated at the International Gaming Expo in London at the end of this month.

    Congatec BM57 fits mobile Core i7 onto tiny mobo originally appeared on Engadget on Wed, 13 Jan 2010 09:36:00 EST. Please see our terms for use of feeds.

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  • NEC’s new Mate ME desktop is 30% more efficient, 75% more recyclable, 100% less flammable

    NEC's new Mate ME desktop is 30% more efficient, 75% more recyclable, 100% less flammable

    There comes a time when you have to stop chasing performance and start making good for the environmental damage you’ve caused — or do you? NEC’s latest Mate desktop offers 30% boosted efficiency over previous models despite offering better performance with Core i5 or i7 processors, consuming just 23 watts thanks to a redesigned motherboard and the use of SSD. It also features greater use of recyclable components and a shell composed of environmentally friendly yet flame-retardant plastic — important when your power supplies have been known for their explosive personalities. NEC is also announcing the new VersaPro VD laptop (pictured after the break), similarly equipped with Intel’s latest, and offering a new software tool for tracking energy consumption to “increase user awareness of energy saving.” Knowing is half the battle, friends.

    Continue reading NEC’s new Mate ME desktop is 30% more efficient, 75% more recyclable, 100% less flammable

    NEC’s new Mate ME desktop is 30% more efficient, 75% more recyclable, 100% less flammable originally appeared on Engadget on Wed, 13 Jan 2010 09:36:00 EST. Please see our terms for use of feeds.

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  • Store Photos On Individual OLED Screens, With Nanobrick’s Miyoul Media Frames [Oled]

    So you’ve bought your XEL-1, but still have money to burn when it comes to OLED products? It’s such a common problem. Nanobrick’s caught onto your obsession, and has created 11 media frame models for customizing with your photos.

    Each model has several OLED screens, which measure either 3.3-inches or 4.1-inches, for storing photos on of your empty wallet, or maxed-out AMEX card. Each model costs in the area of around $100,000, with the best undoubtedly being this Flowers one, pictured. The rest look like souvenirs your Gran picked up on her Chinese holiday. [OLED-Display via Engadget]







  • Penn State at Center of Global Warming Debate

    Article Tags: ClimateGate, Video Link

    Harrisburg, Pa. – The debate over global warming has raged across the planet, but the epicenter the past few months has been Penn State, where a researcher is accused of fraud and perpetuating a hoax. He and the school are now feeling the heat.

    Penn State professor Michael Mann is globally known for his research on global warming. His work concludes that temperatures rose in the 20th century largely because of man. But recently released private e-mails suggest Mann – the researcher – overstated the impact of man – the species – on climate change, and then tried to cover it up.

    “The e-mails suggest that he has bullied critics, he has destroyed data, that he has engaged in behavior not becoming of a true academic in pursuit of accuracy and truth,” said Matt Brouillette of the Conservative Commonwealth Foundation. He’s called for lawmakers to independently investigate Mann before enacting policies partially based on his research.

    Click source to read FULL report and Video Link

    Source: whtm.com

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  • Wyclef Jean Haiti Earthquake Plea

    Wyclef Jean is asking friends and fans to pray for the people of his native Haiti after the island was hit by deadly earthquake on Tuesday. The magnitude 7.0 quake slammed into the impoverished Caribbean island, toppling buildings in the capital Port-au-Prince, burying residents in rubble and causing many deaths and injuries. Reports suggest the triple quake caused the collapse of buildings, including a hospital, which tumbled into a ravine.

    Death tolls are expected to reach into the thousands. The former Fugees star is requesting assistance for survivors of the quake that struck near the capital yesterday afternoon.

    “Haiti today faced a natural disaster of unprecedented proportion, an earthquake unlike anything the country has ever experienced,” Wyclef began in a release this evening. “The magnitude 7.0 earthquake — and several very strong aftershocks — struck only 10 miles from Port-au-Prince. I cannot stress enough what a human disaster this is, and idle hands will only make this tragedy worse. The over 2 million people in Port-au-Prince tonight face catastrophe alone. We must act now,” the “Gone ‘Til November” rapper continued.



    “President Obama has already said that the U.S. stands ‘ready to assist’ the Haitian people. The U.S. Military is the only group trained and prepared to offer that assistance immediately. They must do so as soon as possible. The international community must also rise to the occasion and help the Haitian people in every way possible.”

    Those who would like to help with the Quake Relief Efforts, may donate $5 to the Yele Haiti Earthquake Fund by texting “Yele” to 501501 (the amount will be charged to the person’s cell phone bill) or or can visit www.Yele.org and click “Donate.”

    Other celebrities took to their Twitter accounts, urging their followers to help.

    “Yele haiti now for the disaster. Please do all that you can. Please,” Lindsay Lohan Tweeted early Wednesday morning. “Anyone that may be listening’s attentionCall 1884074747 State Dept for Haitian Relief….Please help them… I know I will as much as I can.”

    “Places where we stood weeks ago are now rubble. I’m gutted. Please keep spreading the word. Thank you to those who are donating! You are saving lives by the minute,” Olivia Wilde Tweeted.

    “Hold the ppl of Haiti/surrounding islands in your heart and prayers tonight,” actress Taraji P. Henson implored to fans.


  • MMA Marketplace: A wall decoration for Frankie Edgar

    With Frankie Edgar fighting BJ Penn — quite possibly at UFC 112 — he may need some visual motivation for the fight. Enter a fathead of the UFC lightweight champ.

    For a mere $24.99, Edgar (and you) can have a two-foot by three-foot (almost life size!) image of Penn to paste on his wall. Buy it at MMA Warehouse or wherever creepy graphics of Hawaiian fighters are sold. 

  • Secondary Sources: China, Regulation, Fed and Crisis

    A roundup of economic news from around the Web.

    • Will China Rule the World?: Writing for Project Syndicate, Dani Rodrik looks at China’s potential for primacy. “The authoritarian nature of the political regime is at the core of this fragility. It allows only repression when the government faces protests and opposition outside the established channels. The trouble is that it will become increasingly difficult for China to maintain the kind of growth that it has experienced in recent years. China’s growth currently relies on an undervalued currency and a huge trade surplus. This is unsustainable, and sooner or later it will precipitate a major confrontation with the US (and Europe). There are no easy ways out of this dilemma. China will likely have to settle for lower growth. If China surmounts these hurdles and does eventually become the world’s predominant economic power, globalization will, indeed, take on Chinese characteristics. Democracy and human rights will then likely lose their luster as global norms. That is the bad news.”
    • Regulation: In the Financial Times, Robert Reich calls for the Obama administration to get tough on Wall Street. ” What is truly remarkable is what Congress and the administration have shown no interest in doing. Large numbers of Americans have lost their homes to bank foreclosures or are in danger of doing so. Yet American bankruptcy law does not allow homeowners to declare bankruptcy and have their mortgages reorganised. If it did, homeowners would have more bargaining power to renegotiate with banks. But neither Congress nor the administration has pushed to change the bankruptcy laws. Wall Street opposes such change and was instrumental in narrowing the scope of personal bankruptcy in the first place.”
    • Fed Rate and Crisis: Brad DeLong follows up on his blog of his comments on the Fed and interest rates. ” This is another one of those in which I have to conclude that either I am deranged, or other economics professors like Bordo and Goodfriend are. I believe that prices overreact–that a fall in interest rates that ought to generate a 1% appreciation might generate a 3% one. But even so excessively-relaxed monetary policy relative to any Taylor rule standard looks much too small to generate the housing bubble.” Mark Thoma also weighs in. ” So I think the bubble itself was driven by “cash slopping around in the system” that originated from several sources, the Fed being one, and the regulatory failures (such as failing to provide sufficient transparency so that the smoke from the fire could be spotted in time, and failing to limit leverage) allowed the fire to spread rapidly and do major damage.” Paul Krugman agrees with DeLong. “If our financial system is so high-strung, so manic-depressive, that low rates for a few years can inflate a monstrous bubble, while a few discouraging words from high officials can send them into a tailspin, this doesn’t make the case that policy must walk on eggshells, forgoing any attempt to fight prolonged unemployment. Instead, it makes the case for much, much stronger financial regulation.”

    Compiled by Phil Izzo


  • Twitter Sets New Usage Records

    Twitter continues to make the headlines all over the world in the mainstream media, much more so than Facebook despite being several times smaller. But for the past few months, it looked like the media attention wasn’t correlating to actual usage, and user growth has been stalling since summer, according to most analytics firms. Many have wondered why Twitter is … (read more)

  • New in the App Catalog for 12 January 2010

    App CatalogToday we pass 1100 apps, and today we also get easy access to Palm’s new open web distribution feed with the App Catalog release of AppScoop, an on-device app that is set up for on-device browsing of the new unfiltered feed. Right now there’s not a lot in there, but then again there wasn’t a lot in the App Catalog when it first launched either. But enough of that, there’s also plenty of new stuff in the official App Catalog, including more backgrounds, cheat codes, yet another Twitter client, and plenty of updates. Hit it all up after the break down below.

    read more

  • POSADAS (Mnes)

    Las fotos las saque desde la terraza de este edificio, lastimosamente solo apuntaba hacia la avenida y la costanera, tuve que estirarme todo lo posible para tomar fotos hacia el centro jaja.. espero que les guste.

  • Nudists Fully Support Peeping Airport Scanners [Privacy]

    I sort of expected the nudist community to be a bunch of hardline civil libertarians or something, but that doesn’t change how wonderful this story is: Nudists? Totally OK with the TSA’s new, aggressively denuding security scanners.

    The American Association for Nude Recreation defuses the situation with one of the most masterful PR segues in the history of man: Put this issue in its proper perspective,” recommends AANR Executive Director Erich Schuttauf.

    A trained security professional in a remote monitoring station takes a few seconds discreetly screening passengers to be sure they’re only bringing what nature gave them aboard. In exchange for safer skies, AANR believes it’s completely worth it. But you don’t have to be a nudist to agree these measures are based on common sense.”

    Adds Schuttauf, “Polls regularly show that about one in five North Americans have skinny-dipped in mixed company already. So if travelers just think of the screen as a virtual skinny dip, something regarded as American as apple pie since before Norman Rockwell, everyone wins in the name of better air travel security. And as an added bonus, you can add the experience to your ‘bucket list’ as a virtual dipping of one’s toe into taking a Nakation – that’s a nudist vacation!

    I’m sold! My heart, to the nudist cause; my basic privacy, to the government of the United States, for basically nothing. [Neatorama]







  • Making Peace Between BitTorrent Users and Content Providers

    In response to our offer to let our readers have their voices heard, FreakBits reader Ruslan from Russia has written an article which he hopes will provide the seeds for peace between BitTorrent users and content providers.

    This is a guest post by FreakBits reader Ruslan Almukhametov. If you’d like your file-sharing, copyright or piracy related article to appear on FreakBits, please email it to us at [email protected].

    Before Windows 7 I used a legal copy of Vista and I was OK with that since the price for the OS was included in the price of my Toshiba laptop. Other than that, I’d have probably used Ubuntu and Open Office or a pirated copy of Windows. Why am  I writing these lines? Because our world needs to be changed, and that change can become a reality only with you participating.

    It’s a well known fact that with the advent and development of computer technologies, the process of exchanging information between two or more net users has become that much more easy and convenient, it’s obvious that interested parties cannot control the process anymore.

    Content producers, such as computer game developers, artists and movie makers (depending on their size and the amount of money they have in their pockets) have been found behaving differently. While some cannot stop sending  court summons’ to copyright infringers, others simply close their eyes to the notion. The former usually do not get their money back, and the latter do not earn more due to their inaction.

    Not until recently has anyone among content producers ever thought of what could they possibly do, in order to get “stolen” money back and start earning even more than they used to.

    EA Games are a company who opened their eyes first and started to think of game creation, development and support processes from a quite different perspective. In retrospect, what EA did was a great step forward, even though we have yet to see the fruits of that move. EA bought PlayFish for some 400 million USD – a company which is one of the leaders in the social game development market.  In fact, PlayFish was and is one of those successful companies  which reports great profits from selling virtual goods in games released on major social networking sites such as Facebook and MySpace.  Let’s examine EA’s move a bit closely.

    In general, while developing a computer game the developers are hoping that their product  will be actively bought, moreover they hope that the revenue from game sales will cover the development costs and bring in additional money to invest in future projects. There again, with the advent of broadband Internet and overall  expanding global Internet penetration, it’s becoming a lot easier and faster for gamers to download games from the Internet, from file hosting servers and peer-to-peer networks etc.

    Frankly speaking, ISPs in Russia allow  pirated games, movies and software on their FTP servers for their clients for free use.  As a result, developers aren’t getting additional money, even though their games might be hit of the season. Pay attention, I didn’t say developers lost their money or got robbed. They are just not getting additional money.

    What PlayFish, Zynga and other companies did is what I call a money making revolution. They have started making money and I must say good money on an enormous scale, from what is free from the very beginning.

    Consider this. They are releasing their product on a platform that has more than 300 million users all over the world, for free. They do not spend money on pre-promotion as we see it in the off-line world. Instead, once they have released a game they go all in advertising on the same platform. Then the platform acts quite the same as TBP’s top downloads list, the main difference however, is that it makes the game developer company cash flow positive. They are not getting money from every new gamer, instead they are selling particular items inside the game so that the gamer can advance more quickly.

    As an employee of the same company operating in Russia I must say that this proves to be effective. Development spendings are reduced. Flash semi-casual games are easier to develop, require less “hands”, have low hardware requirements, hence can be played on virtually any machine.

    “Social gaming, with its emphasis on friends and community, is seeing tremendous growth and this is the right time to invest to strengthen our participation in this space,” says EA Interactive’s senior VP and GM Barry Cottle.

    A team of four to five coders, designers and game developers could make a decent game in two weeks, with development costs which would eventually be 100% covered. What amuses me now is why music labels and movie companies  haven’t tried to implement the same approach.

    Why threaten torrent sites when you can… buy them. And turn a part of their enormous user base into paying customers.And here is the part where we, as a user base come in.

    It is high time we developed and offered a working system for content producers where the users get the material they want quickly and producers get additional money for that. I think we must collaborate to create the above-mentioned system. We should do that to prevent unnecessary court hearings and and get rid of excessive anger between downloaders and producers.  Here are my 5 cents as I see it.

    Seeders are those heroes who keep torrents alive. Rating or ratio, on some torrent sites requiring registration, is what motivates leechers to keep seeding after the  download is completed. The less ratio a user has the less can they download. Or sometimes, particular hit and runners even get banned from the torrent site.

    What I see is a torrent site and tracker, or even better – many of them, controlled by a group of content producers: music labels, movie studios and so forth. The site requires registration in order to count ones ratio, that’s the only thing the registration is used for.

    Content providers then release their product on the site, setting a certain ratio rate on the upload – for example, users having ratio less than 1.25 cannot start downloading. Users are given two options – either support some previous upload by that particular content provider or purchase some ratio points, just as they might via donation at a regular site.

    Some torrent addicts would rather help seeding previous uploads while others, who cannot wait to see the new episode of their favorite show in perfect quality, would gladly buy some points to be able to download.

    The scheme is simple as it is, and i’m sure it could be developed. The main thing is not to think of torrent downloads as stolen money. CD sales aren’t dropping because of piracy, it is because the CD is becoming an outdated and inconvenient format. Millions of songs, on the other hand, are being successfully sold on iTunes and other sites where users can get what they want easily and in abundance. That proves that several monetizing models could co-exist.

    I’m not stating that that my idea is perfect, all I want is to start a collaborative work aimed at making BitTorrent a place where technology is used legally and everyone is happy. If content providers could think of a way to build something which is working fine for both parties, we are the only ones left.

    Yours sincerely,
    Ruslan

    Article from: FreakBits

  • Ferrari Hail Alonso-Massa Explosiveness

    Amid rumors that there’s going to be tension between the Ferrari drivers prior to the start of the 2010 season – with Felipe Massa and Fernando Alonso having some history together since the 2007 season – team principal Stefano Domenicali once again insisted that this is hardly the case.

    Not only that, but the Italian official actually told the media present at the Madonna di Campiglio ski resort in northern Italy (for the annual Ferrari presentation event Wrooom) that the atmosphere within th… (read more)

  • This Week in Startups – Guest Appearance on Friday

    On Friday I’ll be in LA at Mahalo headquarters at 1pm making a guest appearance on Jason Calacanis’s This Week In Startups show.  I told Jason I’d be happy to discuss whatever he wanted to which I hope includes the Open Angel Forum, Startup Visa, Abolishing Software Patents, and all kinds of fun things around entrepreneurship and venture capital.  Conversations with Jason are never dull so I expect this one to be spicy hot on top of the typical chocolately goodness.

    I figured I should do a few Mahalo searches in advance so I looked up Brad Feld, Foundry Group, Sarah Palin, and “How To Cheat on Rock Band”.  I then poked around on Mahalo Answers and Mahalo Tasks to see if I could earn any M$.  So – at least I can now answer Jason’s question “have you played with Mahalo lately.”


  • The Financial Crisis Commission Doesn’t Understand Finance

    Today I’m watching the Financial Crisis Inquiry Commission hearing. So far, it’s been troubling. Its leader Phil Angelides starts his questioning with Goldman Sachs CEO Lloyd Blankfein. It’s pretty clear that Angelides simply doesn’t understand how finance works. That’s not a good indicator for anything productive coming out of this commission.

    Angelides’s first line of questioning had to do with the much written about story where Goldman Sachs sold products to investors that it held a negative view of. In other words, its customer bought a security that says A will go up, and Goldman held an opposing security that said A would go down. This sounds really bad if you don’t understand finance.

    But if you do understand finance, then you know it’s a zero-sum game. You can’t make a bet for something unless someone else makes a bet against something. As a market maker, Goldman creates these bets. In some cases, it sells both sides. In other cases, it holds one side of the bet. That’s literally its business as a principal.

    So when Angelides uses an analogy like, “It sounds to me like you’re selling someone a car with faulty brakes and then buying an insurance policy on that car that pays you when it crashes,” he’s demonstrating that he really doesn’t understand something very fundamental about finance. You can’t be a market maker without sometimes holding a security interest in opposition to the performance of the securities that you sell to investors. And if there’s investor demand for that security, then it’s insane to blame a bank for capitalizing on that demand, no matter what its view of the performance of that security. Unless Goldman is doing something to influence the performance of the securities its sells — and it isn’t as far as we know — then it’s crazy to hold it accountable for investors making bad bets in buying the products it sells.





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