Category: News

  • McConnell disagrees with Paul?s claim that Obama?s BP criticism is ?un-American.?

    McConnell disagrees with Paul?s claim that Obama?s BP criticism is ?un-American.?
    On Friday, GOP Kentucky Senate candidate Rand Paul told ABC News that the Obama administration’s promise to keep a “boot heel on the throat of BP” was “really un-American.” “I think it’s part of this sort of blame game society in the sense that it’s always got to be someone’s fault,” said Paul. “Instead of […]

    On Friday, GOP Kentucky Senate candidate Rand Paul told ABC News that the Obama administration’s promise to keep a “boot heel on the throat of BP” was “really un-American.” “I think it’s part of this sort of blame game society in the sense that it’s always got to be someone’s fault,” said Paul. “Instead of the fact that maybe sometimes accidents happen.” On CNN last night, John King asked Senate Minority Leader Mitch McConnell (R-KY), who supported Paul’s primary opponent, if he agreed with Paul’s “un-American” comment. McConnell said he did not:

    KING: One of the things Rand Paul has said that has generated quite a bit of controversy, as you know, is he said that he found some of President Obama’s criticism of B.P. after the oil spill to be un-American. Do you agree with that?

    MCCONNELL: I think the criticism of B.P. is obviously well-founded. There’s no question that B.P. or the two other companies involved in this drilling are responsible for what happened. And the government now is subjected appropriately to have questions about what its role was, and not only in approving the drill site but also in approving the spill response plan which was filed with MMS, the Mineral Management Service. So, there’s plenty of blame to go around between the government and B.P. And I don’t — I don’t — I don’t say that in any way what B.P. has done is excusable.

    Later in the interview, McConnell chastised Paul’s post-primary gaffes, saying, “I think he’s said quite enough for the time being in terms of national press coverage.” Watch it:

    McConnell isn’t the only GOP senator to disagree with Paul’s attack on criticism of BP. Yesterday, Sen. Lisa Murkowski (R-AK), a supporter of the oil industry, said that anyone who “doesn’t get angry at what has happened has no emotion.” “And I can see where the Secretary is coming from,” said Murkowski, referencing Interior Secretary Ken Salazar, who first made the comment about keeping a “boot heel on the throat of BP.”

    Gingrich Attacks And Defends Bank Bailouts In The Same Interview
    Newt Gingrich recently sat down with fivethirtyeight.com for an interview promoting his new book To Save America in which he argues that America is being taken over by a “secular socialist machine.” Fivethirtyeight’s Tom Schaller asked about the 2008 bank bailouts, noting that some have called it a form of “corporate socialism.” In response, Gingrich […]

    newt-gingNewt Gingrich recently sat down with fivethirtyeight.com for an interview promoting his new book To Save America in which he argues that America is being taken over by a “secular socialist machine.” Fivethirtyeight’s Tom Schaller asked about the 2008 bank bailouts, noting that some have called it a form of “corporate socialism.” In response, Gingrich attacked the Bush bailout and then-Treasury Secretary Henry Paulson for implementing it:

    GINGRICH: I feel very strongly about that. I said at that time that I thought Henry Paulson should not have been Treasury Secretary. I thought it was totally wrong for the former chairman of Goldman Sachs to be funneling billions of dollars from the taxpayers to Goldman Sachs. And I have said over and over, you can’t have capitalism on the way up and socialism on the way down because you get socialism both ways.

    Later in the interview, Schaller asked Gingrich what he thinks of President Bush, “under whom the first $3 trillion budget and first $1 trillion deficit was passed.” This time, Gingrich had some very different things to say about the bailouts. The former Speaker defended Bush’s tenure, adding that he had no choice but to push taxpayer money on the nation’s largest banks:

    GINGRICH: I think that he was very sincere in his desire to protect America. I think he was very sincere in his basic conservative social values. I think he began his Administration with a real commitment on lower taxes and more economic growth, precisely in the Reagan model. And I think that late in his Administration that he was frankly worn down by the bureaucracies in Washington. […]

    And then I think when the crisis hit in the fall of 2008 everybody panicked. Candidly, there was a period there when you had the Federal Reserve chairman and the Secretary of the Treasury saying, “If we don’t do X, Y and Z, the entire world economy is going to collapse.” That’s pretty good grounds for stopping and trying to do something. It’s easy for people to say, “Well, I’d rather have risked a world depression.” But most of the people I talked to in the private sector at the time were really worried about the system freezing up totally.

    So in the very same interview, Gingrich attacks the bailouts to play to the anti-government Tea Party crowd, but later justifies them to defend Bush.

    But at least Gingrich is consistent on one thing: being inconsistent about his position on the bailouts. When Congress was debating the bailout legislation, he first urged the GOP “in the strongest language possible” to vote against it, but later that day, he said he was “trying to help get it through.” A month later, he urged Sen. John McCain (R-AZ) — who was running for president at the time — to distance himself from it.

  • U.S. withdrawal from Iraq will be on time, Vice President Biden says

    U.S. withdrawal from Iraq will be on time, Vice President Biden says
    President Obama called Iraq his predecessor’s war of choice. Now it is his war to exit — and quickly.


    Vice President of the United StatesIraqJoe BidenUnited StatesHistory

    Neither side happy with jobs bill being pushed through Congress
    Some conservatives say people who are out of work shouldn’t be able to collect jobless benefits for almost two years. Liberals, meanwhile, want Congress to pay for a New Deal-style program in which the federal government would send money to states and localities, which would then directly hire pe…


    United StatesUnited States CongressPoliticsRobert GatesBen Nelson

    Lawmakers assail Minerals Management Service
    Members of Congress from both parties sharply criticized the Interior Department’s Minerals Management Service on Wednesday, a day after the release of a report showing that the agency’s inspectors routinely took gifts such as college football tickets from the companies they were supposed to be…


    GeologyEarth SciencesRocks and MineralsMineralsDealers

    The Fix: Whitman surges in California governor race
    1. Less than two weeks before Arkansas voters head back to the polls to choose between Sen. Blanche Lincoln (D) and Lt. Gov. Bill Halter (D), both sides launched ads aimed at defining the incumbent.


    CaliforniaMeg WhitmanRepublicanSteve PoiznerEBay

    Featured Advertiser

  • Locimobile GPS Tracker App Now for the iPad

    gps1 300x225 Locimobile GPS Tracker App Now for the iPadWell it looks like the iPad’s next leap is to become a GPS tracker. Locimobile, which makes GPS Tracking Apps for iPhones, iPods and smartphones is now taking on the iPad.  From the comfort of your own home and on a much bigger screen, you can keep tabs on your spouse or kids and see in greater detail than before, where they are off too or hanging out. Will the iPad be the cause for the next big celebrity break-up?! Who knows but in the mean time you can use it to keep tabs on your own family for only $4.99.


  • Carbon Motors E7 Police Car gets more than 14,000 reservations

    Carbon Motors E7 Police Car

    Carbon Motors will put its E7 Police Car into production in 2012 and the brave men and women of the law enforcement, City Mayors, Managers and Council Members, the State Controllers and even the Federal Government are starting to recognize the benefits of this diesel police interceptor that will carry a BMW diesel engine.

    “Carbon Motors has surpassed 14,000 production slot reservations for the Carbon E7,” the company said in a statement yesterday. “These reservations were made by over 400 law enforcement agencies in 48 US States, representing each functional area of law enforcement. At this rate, Carbon Motors fully expects to have production sold out well in advance of the first vehicle rolling out of the Carbon Campus in Connersville, Indiana.”

    Carbon Motors has ordered a total of 240,000 diesel engines from BMW. The engine is the same twin-turbocharged diesel unit used in the BMW X5 xDrive35d and the BMW 335d and is good for 265-hp and a maximum torque of 425 lb-ft.

    Carbon Motors will build the E7 in Connersville, Indiana.

    Carbon Motors E7 Police Car:

    – By: Omar Rana


  • 10 Things You Need To Know This Morning (BP, SPY)

    partying lohan AP

    Good morning. Here’s what you need to know:

    • China looks unlikely to take sides in the Korean Peninsula Crisis and will avoid declaring the North the aggressor when its premier visits South Korea tomorrow. China is concerned it might provoke the North, which it may not consider a rational actor in international affairs.
    • The EU continues to stumble out of the gate in its efforts to reform its financial system, with France and the UK opposing national funds to bailout troubled banks. The UK argued that the financial sector tax funded arrangement would create “moral hazard.”
    • Democrats have reduced the size of their newest jobs bill in a bid to gain last minute support to pass the package by Memorial Day. The bill is now worth around $140 billion, rather than the $190 billion it was meant to cost at the outset.
    • Kingston, Jamaica remains a war zone this morning with 44 civilians now counted dead in continuing street violence. The Jamaican authorities are continuing their hunt for the alleged drug kingpin Christopher “Dudus” Coke.

     

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  • Lufia DS cleared for North American release

    Natsume has announced that the latest Lufia game, Lufia II: Curse of the Sinistrals for DS, is being localized for a North American release.

  • Acer’s Nexus One-Rival, ‘Stream’ Has 720p Video Capture [Android]

    Time to get excited about Acer’s phone offerings. The Stream will be running Android 2.1 when it goes on sale, though it’ll also include a “brand new” UI, said to be a “stunningly fluid 3D” skin. More »










    Nexus OneAndroidGoogleHandheldsStream

  • Meanwhile The TED Spread Just Keeps Creeping Higher

    Maybe the market will hold its pre-market gains, and avoid a big late-day plunge. That’d be great, but in the meantime, the TED spread, a key measure of banking industry confidence keeps steadily rising. Today it broke to new highs above 38.

    chart

    Join the conversation about this story »

  • Okay, Place Your Bets: Is Apple Really Worth More Than Microsoft? (AAPL, MSFT)

    casinoroyale

    Yesterday afternoon, Apple’s market value surpassed Microsoft’s.

    For those who were around in the 1990s, this is a remarkable, watershed event, one that was basically unthinkable a decade ago.

    A decade ago, Microsoft was worth 35X more than Apple was: $556 billion to $16 billion. In the intervening 10 years, Microsoft’s value has been cut in half, while Apple’s has risen about 15X.

    (Microsoft has also paid out at least ~$40 billion in dividends, so the company’s value collapse isn’t quite so stark, but it has still been a rough decade).

    Stock market value is more about the future than about the present or past, so it’s worth asking whether the market’s current opinion about the relative value of these two companies is an accurate reflection of the future…or whether it’s a complete hallucination, like the market’s assessment a decade ago turned out to be.

    How do we ask (and answer) that question?

    One way to begin is to look at the companies’ relative cash flows and growth prospects and think about what the market is saying will happen to them in the future.

    All else being equal, the market’s assessment that Apple and Microsoft are worth about the same amount (ignoring the relatively minor difference in their cash and debt balances) means that the market thinks Apple and Microsoft will generate about the same amount of cash for shareholders over the next 100+ years.

    Is this reasonable?

    Let’s take a look at where things stand now.

    In the past year (through March), Microsoft has generated about $21 billion of free cash flow (cash from operations less capital expenditures).  Apple, meanwhile, has generated about $12 billion. Right now, therefore, Microsoft is generating about $2 of cash for every $1 of cash that Apple generates. 

    If Apple and Microsoft were to go on generating this amount of free cash forever, Microsoft would be worth about twice what Apple is worth–and the current market values would be way out of whack.

    Of course, Apple and Microsoft won’t generate this amount of free cash forever. If recent trends continue, both companies will continue to increase the amount of cash they are generating, with Apple’s free cash flow growing at a much higher rate. If Microsoft’s competitive position continues to erode, moreover, Microsoft’s free cash flow might stop growing (or even start to shrink) at some point, which would make it easier for Apple to catch up.  Still, given the huge current difference between the companies’ free cash generation, it will take Apple a while to close the gap.

    The theoretical value of a company is the present value of all future cash flows that will accrue to shareholders.  So if Apple continues to close the free-cash-flow gap with Microsoft over the next few years–and then eventually surpasses it–the current market values make sense.  Of course, thanks to risk, opportunity cost, and inflation, dollars that shareholders get today are worth a lot more than dollars shareholders think they will get in 10 years, so for today’s market values to make sense, Apple has to catch up and pass Microsoft’s cash flow within, say, 5-10 years.

    Based on the companies’ relative positioning in the market, the relative market values seem reasonable. Apple is positioned to capture a huge share of the growth of mobile and tablet computers in the next decade and to continue to gain share in laptops and desktops.  Microsoft, meanwhile, is exposed to major competitive threats to both its Windows operating system business AND its Office juggernaut, and, combined, these products generate the vast majority of Microsoft’s cash flow.  So, again, the market’s current assessment of relative future cash generation seems reasonable.

    But before Apple shareholders get too comfortable, it’s worth, once again, looking back 10 years.

    A decade ago, it seemed reasonable to think that Microsoft would continue on its inexorable path to world domination and Apple would disappear into the annals of history.  That’s why the market valued Microsoft at 35X Apple–because that scenario seemed reasonable.

    But look what happened: Microsoft did continue to grow, but at a much slower rate, and its once-unassailable monopolies began to come under attack. Apple, meanwhile, pulled off one of the most amazing turnarounds in corporate history, creating several huge new markets in the process.

    From today’s perspective, the market’s current forecast seems as reasonable as the one a decade ago did.  If history has taught us anything, though, it is that we should expect the unexpected. And between Apple’s key-man risk (here’s looking at you, Steve!), Google’s Android, Microsoft’s enormous financial resources, and one of the most rapidly evolving competitive landscapes in history, anything can happen.

    So step right up and place your bets!

    Join the conversation about this story »

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  • PlayStation Network Premium Service Exists


    The long rumored Premium PSN service has been confirmed to exist by none other than the Sony Computer Entertainment Europe President.

    Andrew House

    Previously written about on the web and by us here the subject has been one of speculation since Kaz Hirai stated it was something that was being considered. Sony Computer Entertainment Europe President Andrew House answered a few questions from users on the Official UK PlayStation Blog. Not surprisingly, one of those questions had to do with the PSN:

    Will PlayStation Network become a paying service?
    I can assure you that the current PSN as you know it will remain a free service. It is something that our competitors don’t offer and something that shows our loyalty to the PlayStation Community. However, Kaz Hirai stated a few months ago that we were looking at a premium service to sit alongside the current free service and that objective has not changed. You’ll learn more about it very soon.

    While not providing a great deal of details it does confirm that the service exists, that the current PSN as we know it won’t change, and that has the support of the SCE Chairman Kaz Hirai which would imply a big initiative.

    A lot of speculation has been made about exactly what services would be included (DLC, free PSN titles, cross-game chat), but with with E3 17 days and 16 hours away (yes I am that excited), it won’t be long until we find out.


  • The genes in Spain fall rather evenly | Gene Expression

    A new paper is out which drills down a bit on the genetic substructure in Spain. Genetic Structure of the Spanish Population:

    Background
    Genetic admixture is a common caveat for genetic association analysis. Therefore, it is important to characterize the genetic structure of the population under study to control for this kind of potential bias.

    Results
    In this study we have sampled over 800 unrelated individuals from the population of Spain, and have genotyped them with a genome-wide coverage. We have carried out linkage disequilibrium, haplotype, population structure and copy-number variation (CNV) analyses, and have compared these estimates of the Spanish population with existing data from similar efforts.

    Conclusions
    In general, the Spanish population is similar to the Western and Northern Europeans, but has a more diverse haplotypic structure. Moreover, the Spanish population is also largely homogeneous within itself, although patterns of micro-structure may be able to predict locations of origin from distant regions. Finally, we also present the first characterization of a CNV map of the Spanish population. These results and original data are made available to the scientific community.


    They used a 160 K SNP-chip for this, though for the PC charts below they were constrained to ~100,000 SNPs. Nothing too revolutionary in the paper. The fact that Spaniards have more haplotype diversity vis-a-vis the “CEU” sample in the HapMap, which consists of Utah Mormons, isn’t too surprising, since those individuals are Northern European and Northern Europeans tend to be a touch less diverse than Southern Europeans (more heterozygosity in Southern Europe than in the North). A common explanation for this is that Northern European populations emerged as subsets of Southern populations which expanded out of Ice Age “refugia” within the last ~10,000 years or so, and this migratory process would have induced some bottlenecks and so reduced their diversity. The findings in this paper are broadly consistent with the idea that Spain was a refugium, and so one of the sources of the population of Northern Europe. But, note that there are lots of controversies about recent European demographic history right now, so I wouldn’t take the aforementioned model as a given. Also, one major issue which sticks out is the lack of Basque populations in the sample, since that’s a group which has long been of interest, and some aspects of many demographic scenarios hinge on their nature. No surprise that Visigoths, Berbers and Arabs didn’t perturb these results too much. I believe that these groups did arrive in Iberia in large numbers, but on a relative scale their proportions were small and they probably didn’t alter Spain’s basically genetic character.

    Below are some charts of note.

    First, dimensions of genetic variation in the Spanish population using 100,000 SNPs by locality where the sample was collected.

    spain1

    If some of the localities were as obscure to you as me, here is the PC chart with a subset of them rotated and superimposed upon a map of Spain.

    spain2

    Finally, here are the Spanish samples plotted in relation to two HapMap populations, the CEU (American whites of Northern European ancestry) and TSI (Tuscans from Italy).

    spain3

    There are a few outliers here in relation to their putative population cluster, but in general the three groups are nicely separated as expected. Spain is bounded by water and a rather imposing mountain range. These serve as natural barriers to gene flow. But within the peninsula it’s dominated by a high plateau. I really don’t have an intuitive understanding of whether the spatial distribution of Spain’s people (which for ecological reasons probably can be extrapolated back to antiquity) should homogenize it through a circular pattern of gene flow, but perhaps that’s what these data are showing. I am a bit wary of saying that Spain is internally homogeneous without referencing other European populations of the same scale in detail. Perhaps what this group found is what you’d find on this scale with this chip; not much.

    Cite: BMC Genomics 2010, 11:326doi:10.1186/1471-2164-11-326

    H/T Dienekes

  • President Obama official schedule and guidance, May 27, 2010. President Clinton, press conference, Jewish American reception, to Chicago

    THE WHITE HOUSE
    Office of the Press Secretary
    _______________________________________________________________________________________
    FOR IMMEDIATE RELEASE
    May 26, 2010
    DAILY GUIDANCE AND PRESS SCHEDULE FOR
    THURSDAY, MAY 27, 2010

    In the morning, the President and the Vice President will receive the Presidential Daily Briefing in the Oval Office. This meeting is closed press.

    Later in the morning, the President will welcome the NCAA Men’s Basketball Champion Duke Blue Devils to the White House to honor their 2009-2010 season. The President will deliver remarks at this event in the Rose Garden. This event is open press.

    Later, the President and the Vice President will take a photo with the U.S. World Cup Soccer Team and President Clinton on the North Portico. This photo is pooled press. The President will then have lunch with President Clinton in the Private Dining Room. This lunch is closed press.

    In the afternoon, the President will deliver remarks and take questions in the East Room. This event is open press.

    The President will then receive a briefing in the Situation Room on the 2010 hurricane season forecast and an overview of the Federal government’s national hurricane preparedness that will be led by DHS Secretary Janet Napolitano, FEMA Administrator Craig Fugate, and NOAA Administrator Dr. Jane Lubchenco, as well as five FEMA Regional Administrators adding their local prospective. This meeting in closed press.

    Later, the President will hold a bilateral meeting with President Ellen Johnson Sirleaf of Liberia in the Oval Office. There will be a pool spray at the top of the meeting. Later in the afternoon, the President, the Vice President and the First Lady will host a reception in honor of Jewish American Heritage Month in the East Room. This event is open press.

    In the evening, the First Family will travel to Chicago, Illinois. The departure from the South Lawn and arrival at Chicago O’Hare International Airport are open press.

    Also tomorrow, Solicitor General Elena Kagan will travel to Capitol Hill to meet separately with Senator Gillibrand, Senator Dorgan, Senator Mikulski, Senator Webb and Senator Lemieux and Senator Wyden.

    In-Town Travel Pool
    Wires: AP, Reuters, Bloomberg
    Wire Photos: AP, Reuters, AFP
    TV Corr & Crew: CBS
    Print: St. Petersburg Times
    Radio: ABC

    Out-of-Town Travel Pool
    Wires: AP, Reuters, Bloomberg
    Wire Photos: AP, Reuters, AFP
    TV Corr & Crew: CBS
    Print: Washington Post
    Radio: CBS

    EDT

    9:00AM In-Town Travel Pool Call Time

    9:00AM THE PRESIDENT and THE VICE PRESIDENT receive the Presidential Daily Briefing
    Oval Office
    Closed Press

    10:35AM THE PRESIDENT welcomes the NCAA Men’s Basketball Champion Duke Blue Devils to the White House to honor their 2009-2010 season
    Rose Garden
    Open Press (Pre-set 9:35AM – Final Gather 10:05AM – North Doors of the Palm Room)

    11:00AM THE PRESIDENT and THE VICE PRESIDENT take a photo with President Clinton and the U.S. World Cup Soccer Team
    North Portico
    Pooled Press (Gather Time 10:40AM – North Doors of the Palm Room)

    11:25AM THE PRESIDENT has lunch with President Clinton
    Private Dining Room
    Closed Press

    12:45PM THE PRESIDENT delivers remarks and takes questions from the press
    East Room
    Open Press (Pre-set 11:45AM – Final Gather 12:15PM – North Doors of the Palm Room)

    2:05PM THE PRESIDENT receives a briefing on the 2010 hurricane season forecast and an overview of the Federal government’s national hurricane preparedness
    Situation Room
    Closed Press

    3:10PM THE PRESIDENT holds a bilateral meeting with President Sirleaf of Liberia
    Oval Office
    Pool spray at the top of the meeting (Gather Time 2:50 – Brady Press Briefing Room)

    4:10PM THE PRESIDENT, THE VICE PRESIDENT and THE FIRST LADY host a reception in honor of Jewish American Heritage Month
    East Room
    Open Press (Final Gather 3:30PM – North Doors of the Palm Room)

    6:15PM THE FIRST FAMILY departs the White House en route Andrews Air Force Base
    South Lawn
    Open Press (Pre-set 5:15PM – Final Gather 5:45PM – North Doors of the Palm Room)

    7:00PM THE FIRST FAMILY departs Andrews Air Force Base en route Chicago, Illinois
    Out-of-Town Travel Pool (Call time 4:30PM – Virginia Gate, Andrews Air Force Base)

    CDT

    7:15PM THE FIRST FAMILY arrives in Chicago, Illinois
    Chicago O’Hare International Airport
    Open Press

    ###

  • Graduate – Mechanical Engineering

    North East, 2M Careers Ltd

    Graduate – 1st class Mechanical Engineering – North East

    Must have relevant work experience for this role.

    Our client is a multi-disciplined engineering company, they provide an engineering concept design service across a wide range of disciplines within several market sectors including oil and gas, marine, offshore renewable and petrochem.

    They provide customers with rapid responses and a high level of customer service resulting in long standing business relationships of benefit to both parties. Their services include:

    * Consultancy
    * Concept Design & Development – FEEDs
    * Detail Design, Drafting
    * Modification, Assembly & Testing
    * Commissioning & Offshore Support

    Their offices in the North East are looking to recruit a Graduate who holds a 1st Class Masters in Mechanical Engineering, along with relevant work experience.

    For this role it is essential that you have CAD skills with Inventor or similar and the ability to undertake structural or mechanical engineering calculations.

    This is a permanent role and a fantastic opportunity to work with a multi-disciplined engineering company and gain valuable experience and skills.

  • Get the most out of your iPad

    Found under: iPad, Apple, Tips, Tricks,

    The Tips Tricks – iPad Edition Lite free app has been just released featuring handy guide to shortcuts hidden features tips tricks – Share Tips via e-mail.- Snappy Tips that get straight to the point without the waffle.- Learn shortcuts discover hidden features type faster browse quicker secure your data and maximize battery life- Be the guru – and share your new knowledge via e-mail.Free download

    Read More

    Read more in mobile format

  • Celebrate the Anniversary of the Empire Strikes Back with a Star Wars Keyboard

    Star Wars KeyboardJust a couple of days ago we tweeted that it was the anniversary of the original Star Wars movie – it’s the big anniversary of the Empire Strikes Back. So what better way to show your Star Wars geek pride than with a Star Wars Keyboard featuring Yoda. Probably not the most high tech keyboard you could possibly own since it is not wireless. However it does have a green finish and the image of Yoda proudly displayed. The keyboard has a standard set of keys with 11 shortcut buttons like home, email, and volume control. The Star Wars Keyboard retails for $40 at Urban Outfitters.


  • What’s He Got Up His Sleeve? Why, 4GB of Data, That’s What [Apparel]

    Combining form and function (and just a little dash of nerdlinger-ness), these USB cufflinks actually have 2GB of flash memory each. That’s 4GB of secret documents you could be carrying with you. How very James Bond. [Cufflinks via Red Ferret] More »










    HardwareJames BondStorageSolid StateUSB

  • Geoff Entress, the Go-To Startup Investor, Weaves Himself Deeper Into Seattle Tech Community With Founder’s Co-op

    Geoff Entress
    Gregory T. Huang wrote:

    How did Geoff Entress become Seattle’s go-to tech investor and startup guru? For those outside the local technology community, Entress is an angel investor who has put his own money to work in more than 35 startup companies, most of them software-based and in the Northwest. They range from firms that are now well-established like Isilon Systems (NASDAQ: ISLN), Seadragon Software (bought by Microsoft), and The Coffee Equipment Company (bought by Starbucks), to fast-rising stars like Bonanzle, Cheezburger Network, Dashwire, Swype, and Elemental Technologies.

    But that only scratches the surface of the impact Entress has had in the business community. He is a trusted advisor to scores of local entrepreneurs. He’s also well-known and trusted by the VCs on the other side of the table, having worked as a venture partner at two of Seattle’s premier tech VC firms, Madrona Venture Group and Voyager Capital.

    Just yesterday, Entress, 46, found another way to weave himself deeper into the fabric of the Seattle startup community. He announced he has joined Seattle-based Founder’s Co-op as a managing partner. This means he will help run the seed-stage investment fund and startup mentorship program as an equal partner along with co-founders Chris DeVore and Andy Sack. Entress had been a limited partner of the firm for the past couple of years. As if his new role won’t keep him busy enough, Entress is also retaining his position at Voyager Capital, where he will continue to advise startups and evaluate investment deals.

    Overall, the move solidifies Entress’s standing as one of the most connected and successful early-stage tech investors in the country. He has been called the “Ron Conway of Seattle” (after the Silicon Valley early-stage angel investor in Google and PayPal) often enough that the comparison feels like a cliche. But to understand what Entress’s move to Founder’s Co-op really means—and what the long-term impact could be on the startup and venture capital ecosystem—you need to know more about where he came from, and where he’s going in life.

    Entress is one of those guys whose track record as a boy wonder boggles the mind. He grew up in Pittsburgh, the son of an oral surgeon with the U.S. Navy who “pulled the wisdom teeth of all my friends in high school,” he says. He went to college at the University of Notre Dame, and returned to his hometown to do a master’s in industrial administration at Carnegie Mellon University. Fresh out of business school in the mid-1980s, when he was in his early 20s, he ran a hedge fund with his father. The fund was successful enough that its sale to Duquesne Capital Management helped launch Entress’s career as an angel investor.

    But before he found his golden touch for startups in Seattle, he had to complete a couple more steps in the journey. He learned the ways of Wall Street in various jobs in finance, sales, and …Next Page »







  • Virgin to announce gaming comeback at E3

    Virgin Interactive had a good run at gaming up until a few years ago. You might be familiar with them if you played the original Command & Conquer, Lands of Lore, or that Lion King movie tie-in

  • Censorship of the Internet courtesy of Eircon, sorry Eircom

    Via Prison Planet.com » Prison Planet

    Sovereign Independent
    May 27, 2010

    Editor’s comment: When I bought my PC I was under the impression that it was my PERSONAL COMPUTER. Now it seems that it’s not. Under a new law as shown in the article below it seems that information on your PERSONAL computer is not private and that Eircom and presumably anyone, including government agencies, can access your PERSONAL computer at any time without a search warrant of any type to see what you have stored there.

    We are to believe that this is simply to stop ‘illegal’ downloading of music etc to save multi billion dollar corporations a few quid. Do they think people are really that stupid as to believe this will stop there?

    This is an infringement of your human right to privacy. As far as I am aware it is still a criminal act to tamper with a person’s PERSONAL mail. Even post office employees cannot do so. Why then is it not illegal to enter someone’s computer remotely without their permission and without just cause or a warrant?

    If this is about  stopping the illegal downloading of music etc then why don’t Eircom do as they’ve done with Piratebay and simply block the site?

    Furthermore, why don’t Eircom block porn sites, paedophile sites, racist sites etc etc etc?

    Surely these are far more detrimental so society than a few kids downloading music costing giant corporations a few dollars?

    People must realise that  this is simply a slippery slope to complete control over the Internet by the authorities.

    Censorship of the Internet courtesy of Eircon, sorry Eircom internet censorship1What constitutes a crime?

    Perhaps sites critical of the EU? Perhaps sites critical of government, the bankers or any other group who are criticised with just cause? Are we all criminals now under this law? Have we to give up, not only our right to privacy but also our right to free speech and liberty under the guise of the illegal download of music?

    Give me a break! This is simply a further restriction on Internet freedom simply due to the fact that the propagandist mainstream media are losing the infowar battle.

    We must persevere and use the net to our advantage whilst we still have it. We must increase our efforts to spread the word of freedom and humanity far and wide with more vigour than ever.

    We must not bow down to tyranny!

    Censorship of the Internet courtesy of Eircon, sorry Eircom 140410banner4

    Eircom to cut broadband over illegal downloads

    JOHN COLLINS

    EIRCOM WILL from today begin a process that will lead to cutting off the broadband service of customers found to be repeatedly sharing music online illegally.

    Ireland is the first country in the world where a system of “graduated response” is being put in place. Under the pilot scheme, Eircom customers who illegally share copyrighted music will get three warnings before having their broadband service cut off for a year.

    The Irish Recorded Music Association (Irma), whose members include EMI, Sony, Universal and Warner, reached an out-of-court settlement with Eircom in February 2009 under which the telecoms company agreed to introduce such a system for its 750,000 broadband users.

    The mechanism by which it operates was challenged in the courts by the Data Protection Commissioner.

    Mr Justice Peter Charleton ruled in the High Court that a broadband subscribers internet protocol (IP) address, which Eircom will use to identify infringing customers, did not constitute personal information.

    It is understood that, during the pilot phase, Eircom has agreed to process about 50 IP addresses a week. Irma is using a third-party firm, Dtecnet, to identify Eircom customers who are sharing, and not simply downloading, a specific list of its members’ copyrighted works on peer-to-peer networks. The operation of the scheme will be reviewed after three months.

    Dick Doyle, director general of Irma, said his organisation could potentially supply Eircom with thousands of IP addresses a week but it was a matter of seeing what the internet service provider (ISP) was able to process.

    Infringing customers will be initially telephoned by Eircom to see if they are aware of the activity on their broadband network. If the customer is identified a third time, they will have their service withdrawn for seven days. If they are caught a fourth time their broadband connection will be cut off for a year.

    Mr Doyle said international research suggested 80 per cent of people will stop illegal file-sharing if they get a letter from their ISP warning them of the consequences. “We are trying to encourage people to go back to legitimate networks to get their music,” he said.

    Record companies are lobbying to have a graduated-response mechanism enshrined in law in other jurisdictions.

    Cable operator UPC has resisted requests from Irma to implement a “three strikes” system and the case is in the courts next month. Last night, a spokeswoman for UPC said it does not see any legal basis for monitoring or blocking its subscribers’ activities.

     http://www.irishtimes.com/newspaper/frontpage/2010/0524/1224271013389.html

  • Feds moving closer to challenge of Arizona immigration law

    Via Prison Planet.com » Prison Planet

    John Bolton
    Arizona Daily Star
    May 27, 2010

    Several national news organizations are reporting that a Justice Department legal team is drafting a plan to challenge Arizona’s new immigration law, SB 1070.

    All of the reports stress that a final decision to challenge the law has not been made and would face hurdles from other legal analysts within the Justice Department and in the White House. But the team is reported to be developing a challenge based on the idea that Arizona overstepped its authority.

    Mike Levine of Fox News was first on the development with a blog entry Tuesday night: DOJ Lawyers Draft Challenge to AZ Law

    The story has also been reported by the Wall Street Journal and ABC News.

    Today the Justice Department hosted police chiefs from Arizona and other states who expressed concern about the Arizona bill.

    SB 1070 requires police officers to determine the immigration status of anyone arrested before that person is released. The law prohibits police from using race to establish reasonable suspicion that someone is here illegally. The law makes it a state crime for illegal immigrants to work in Arizona, and makes it a state crime to transport, conceal, harbor or shield illegal immigrants.

    Feds moving closer to challenge of Arizona immigration law 140410banner4