Blog

  • Dr. Wakefield Found Guilty Because of Professional Misconduct Over Research

    Dr. Andrew Wakefield, the one who first set the MMR vaccination scare has been found guilty by the General Medical Council because of serious professional misconduct over his research. The GMC found that the research is “unethical” since it states that the vaccine can be linked to serious bowel disorders and autism, thus many people were alarmed by it.

    The research led by Wakefield was considered as irresponsible since it involved children within the vulnerable age. Dr Wakefield, who was working at London’s Royal Free Hospital as a gastroenterologist at the time, did not have the ethical approval or relevant qualifications for such tests, as stated by the GMC. He also “showed a callous disregard” because during his son’s birthday, he took blood samples from children but failed to declare a conflict of interest, wherein he had received £50,000 to carry out research on behalf of parents who suspected that MMR could lead to autism.

    “The panel concluded that it is the only sanction that is appropriate to protect patients and is in the wider public interest, including the maintenance of public trust and confidence in the profession, and is proportionate to the serious and wide-ranging findings made against him.” As stated by Dr. Surendra Kumar, the chairman of GMC.

    Wakefield was given 28 days to appeal to what was accused to him. “Unfound” and “unjust” were the things that he said for what was charged against him. “Efforts to discredit and silence me through the GMC process have provided a screen to shield the government from exposure on the MMR vaccine scandal.” These were the things that Wakefield said while GMC announced its sanctions.

    Related posts:

    1. US Court Rules Vaccine Cannot Cause Autism!
    2. The diet to fight autism showed no improvement in symptoms
    3. Experts suggest that smallpox vaccine would protect against HIV

  • Wall Street: Impact of Dodd Bill on Profits Negligible in Long Run

    Tucked in this New York Times piece on Wall Street’s reaction to Sen. Chris Dodd’s (D-Conn.) financial regulatory reform bill, now moving into conference committee for reconciliation with the House version, an anonymous Wall Street worker guesses at the bill’s impact on banks’ bottom lines.

    Many executives spent the weekend trying to assess the impact of the legislation, which has yet to take final form. With some crucial differences between the House and Senate versions of the bill remaining, lawmakers will confer over the next few weeks and try to reach a final version before Congress’s Fourth of July recess. But Wall Street’s initial verdict seems to be that it could have been much more draconian.

    “If you talk to anyone privately, there’s a sigh of relief,” said one veteran investment banker who insisted on anonymity because of the delicacy of the issue. “It’ll crimp the profit pool initially by 15 or 20 percent and increase oversight and compliance costs, but there’s no breakup of any institution or onerous new taxes.”

    And just how big is that profit pool? In 2009, Goldman Sachs made $13.4 billion, JPMorgan Chase made $11.73 billion and Wells Fargo made $7.99 billion. Bank of America and Morgan Stanley both had bottom-line profits but attributed losses to investors — $2.2 billion and $907 million respectively. And Citigroup lost $1.6 billion. All in all, in a rather rough year for banking, those six firms made $28.4 billion. Losing 15 percent would have brought that number down to $24.1 billion — about the size of California’s budget deficit, for a sense of scale.

    All in all, he or she guesses that Dodd will cost the banks a few billion dollars — a rounding error over the course of a decade. And the most worrying word in the quote is “initially.” In Wall Street’s mind, the Dodd bill will ultimately have little impact on profits — and thus little impact on the profit motive — going forward.

  • OBAMA TELLS MILITARY: BE PREPARED FOR WAR IN KOREA

    Barack Obama

    Obama released a statement this morning showing full support for South Korea’s retaliation plan for the destruction of the Cheonan.

    Technically, we’re now one illegal ship movement by North Korea away from nuclear war.

    From the White House:

    President Obama fully supports President Lee in his handling of the ROKS Cheonan incident and the objective investigation that followed.  The measures that the government of the Republic of Korea announced today are called for and entirely appropriate.  The Republic of Korea can continue to count on the full support of the United States, as President Obama has made clear.

    Specifically, we endorse President Lee’s demand that North Korea immediately apologize and punish those responsible for the attack, and, most importantly, stop its belligerent and threatening behavior.  U.S. support for South Korea’s defense is unequivocal, and the President has directed his military commanders to coordinate closely with their Republic of Korea counterparts to ensure readiness and to deter future aggression.  We will build on an already strong foundation of excellent cooperation between our militaries and explore further enhancements to our joint posture on the Peninsula as part of our ongoing dialogue.

    As President Lee stated in his address earlier today, the Republic of Korea intends to bring this issue to the United Nations Security Council.  We support this move.  Secretary Clinton and Ambassador Rice are each consulting very closely with their Korean counterparts, as well as with Japan, China, and other UN Security Council member states in order to reach agreement on the steps in the Council.

    In response to the pattern of North Korean provocation and defiance of international law, the President has directed U.S. government agencies to review their existing authorities and policies related to the DPRK.  This review is aimed at ensuring that we have adequate measures in place and to identify areas where adjustments would be appropriate.

    The U.S. will continue to work with the Republic of Korea and other allies and partners to reduce the threat that North Korea poses to regional stability.  Secretary Clinton is currently in Beijing and she will travel to Seoul for discussions with President Lee and his senior advisors on May 26 before reporting back to the President on her consultations in the region.  Secretary Gates is in close contact with ROK Defense Minister Kim and will meet with him and other counterparts at the June 4-6 Shangri-La Dialogue in Singapore.  President Obama and President Lee agreed to meet in Canada at the time of the G-20 Summit.

    Don’t miss: What you need to know about the Korean economy >

    Join the conversation about this story »

  • Energy and Global Warming News for May 24: Schooling fish offer new ideas for wind farming; Germans to build $10M turbine parts plant in Arkansas

    Schooling Fish Offer New Ideas for Wind Farming

    The quest to derive energy from wind may soon be getting some help from California Institute of Technology (Caltech) fluid-dynamics expert John Dabiri — and a school of fish.

    As head of Caltech’s Biological Propulsion Laboratory, Dabiri studies water- and wind-energy concepts that share the theme of bioinspiration: that is, identifying energy-related processes in biological systems that may provide insight into new approaches to — in this case — wind energy.

    “I became inspired by observations of schooling fish, and the suggestion that there is constructive hydrodynamic interference between the wakes of neighboring fish,” says Dabiri, associate professor of aeronautics and bioengineering at Caltech. “It turns out that many of the same physical principles can be applied to the interaction of vertical-axis wind turbines.”

    The biggest challenge with current wind farms is lack of space. The horizontal-axis wind turbines most commonly seen — those with large propellers — require a substantial amount of land to perform properly. “Propeller-style wind turbines suffer in performance as they come in proximity to one another,” says Dabiri.

    In the Los Angeles basin, the challenge of finding suitable space for such large wind farms has prevented further progress in the use of wind energy. But with help from the principles supplied by schooling fish, and the use of vertical-axis turbines, that may change.

    German company will build $10M turbine parts plant in Ark.

    German manufacturer Beckmann Volmer will build a $10 million plant in Arkansas to craft steel components for wind turbines.

    The company was helped by a state incentive package, including $1.5 million from the Governor’s Quick Action Closing Fund and another $2.5 million from a Community Development Block Grant. The company will also receive a rebate for 5 percent of payroll and will be exempt from state corporate taxes for 14 1/2 years. The state will also offer training assistance and a refund of some sales and use taxes.

    The plant will eventually employ 500 people to construct parts that will be sent to a Nordex USA Inc. turbine manufacturing plant just 60 miles away. The plant will primarily produce turbine main frames, which support the entire structure.

    Florian Stamm of Smith Gambrell & Russell LLP, which helped with the site selection, said Arkansas presented the right set of elements for Beckmann Volmer.

    “Qualified workforce, transportation costs and a pro-business environment were leading criteria in identifying east Arkansas as location for the investment,” said Stamm.

    Arkansas has become a popular destination for wind energy-related facilities. Mitsubishi Power Systems Americas recently announced a turbine plant in the state, and Denmark-based LM Wind Power is already producing windmill blades in Little Rock

    Paper Bags or Plastic Bags? New Proposals Like Neither

    Three years ago, San Francisco was the first city in the country to ban the ubiquitous plastic shopping bag, but it was quickly followed by Palo Alto and Oakland. These cities, and the Bay Area generally, were at the forefront of the movement to keep single-use, filmy carry-out bags out of landfills, out of the bay and out of the innards of marine mammals.

    But now cities are reconsidering, in part because of lawsuits filed by opponents, but also because too many shoppers in San Francisco and Palo Alto simply shifted their carry-out purchases to paper sacks, which have environmental costs of their own. Plastic bags are still a target, but the bulls-eye is now widening to cover paper bags, too.

    “We saw in the experience of San Francisco and other cities that a plastic-bag ordinance pushes consumers to use paper,” explained a San Jose City Council member, Sam Liccardo, “which in many instances is as bad or worse than plastic, when you consider the water, energy and natural resources involved in production, and the transportation costs, and of course, consuming trees.”

    San Jose, Berkeley and Santa Clara County are working on ordinances that restrict distribution of paper as well as plastic bags at the check-out counter, either with bans or fees, or both.

    The ultimate goal is to compel people to carry reusable bags.

    But experts say it is too soon to accurately measure whether municipal crackdowns on bags are changing individual behavior. Monique Turner, a professor of communications at the University of Maryland who studied this issue, said that behavioral changes, like wearing seat belts, can require “policy changes,” when the behavior is harmful enough. In this case, she said, “it’s debatable whether this behavior falls into that category.”

    Opponents and supporters of bag regulation agree that about 90 billion plastic bags are distributed nationwide annually.

    In its 2009 annual report, the nonprofit environmental group Save the Bay, said local residents used 3.8 billion of those bags every year before the ordinances went into effect. Last fall, San Francisco officials estimated that the ban at the city’s 140 grocery and convenience stores would cut that total by about 100 million.

    There has been no re-count of plastic bags in use, but last winter the city’s recycling center said it was receiving 5 to 10 percent less plastic-bag refuse. That may be due to the ban or because stores that no longer give out plastic bags are also no longer collecting them for recycling.

    Then there are the anecdotal reports. “I used to get 10 cases of plastic bags, with 500 bags each,” said Dennis McClellan, the director of Piazza’s Fine Foods in Palo Alto. “That was per week. And 40 bales of paper bags with a thousand bags. Now I’m not using plastic bags, and I get 35 or 36 bales of paper bags.” That means 20,000 fewer plastic check-out bags each month, but almost as many paper bags as before.

    Japan, Korea to Exchange Information on Emissions Trading

    Japan and South Korea agreed to exchange information on a proposed emissions-trading mechanism, the Japanese environment ministry said today in a statement.

    Minister Sakihito Ozawa met South Korean counterpart Lee Maanee for bilateral discussions yesterday, ahead of today’s three-nation meeting with China, according to the statement.

    The three countries today adopted a five-year plan that pledges cooperation on the environment, focusing on 10 areas including climate change and biodiversity conservation, the statement said.

    A climate bill before the Japanese Diet calls for a so- called cap-and-trade mechanism to help cut greenhouse gases, and South Korea has said it’s also considering the system. Japan wants bilateral trading to reduce volatility in the carbon market and lower the risk of domestic companies shifting production overseas where regulations are more lax, Nikkei English News reported last week.

    Under a cap-and-trade system, a ceiling is imposed on emissions, and companies that pollute too much must buy credits from companies that don’t exceed their limit.

    Glitzy Google gathering launches green-product institute

    Gov. Arnold Schwarzenegger (R) was joined by executives from Google Inc., Wal-Mart Stores Inc., YouTube LLC and the designer chairmaker Herman Miller Inc. yesterday to launch a nonprofit group created to help scrub hazardous chemicals from consumer products.

    The Green Products Innovation Institute, formally announced at Google corporate headquarters here, builds on a 2008 state law that seeks to establish the nation’s first “green chemistry” program. The institute is meant to serve as a clearinghouse for chemicals in the state, register chemicals and help advance a standard or seal of approval that the groups’ leaders hope will be codified into widespread use.

    The institute’s “founder’s circle” and board of directors is as high-profile as its glitzy launch, including actor Brad Pitt, celebrity environmentalist Robert Kennedy Jr., and Chad Hurley, the founder of YouTube. Its board is headed by Bridgett Luther, director of conservation for California, and was co-founded by Will McDonough, the designer of “cradle to cradle” certification in a book written with the chemist Michael Braungart.

    Luther said the idea behind the institute is to serve as a third-party certifier of chemicals and a standards developer, in much the same way early-actor climate registries have advanced protocols for global warming regulations in California and elsewhere. The group will attach cradle-to-cradle certification to products that pass its litmus test and work to have its seal stamped on products, in much the same way LEED standards have become widely adopted as a recognizable label.

  • Cell phone inventor Marty Cooper on 60 minutes

    Check out this 60 Minutes segment 2010 May 23, The Cell Phone: Marty Cooper’s Big Idea. Very enjoyable. More info on Marty Cooper.

    P.S. Marty still has some cool ideas but I think some of his new ideas are nuts (implanting a cellphone in my ear, huh?) but then may be it is just me.

    Filed under: Business, Science & Technology, Telecom

  • Steve Jobs assures Apple fans: ‘You won’t be disappointed’

    Apparently the fanfare of Google I/O is starting to get to Apple fans – well, at least one Apple fan, that is.  MacRumors reader Bryan Webster decided to reach out to Steve Jobs on Saturday – many have tried this, only few have heard back – hoping to elicit a response regarding what Apple’s plans are for “blowing [Google] out of the water” come WWDC.  The statements Webster made were pretty bold, and clearly (at least it seems that way) he wanted Jobs to know what “team” he’s rooting for.

    Jobs isn’t known for his lengthy responses, but he seemed confident enough to assure his fans (Jobs must have known this response wasn’t intended for one person) that they wouldn’t be disappointed.  Perhaps his response will tie Apple fans over until WWDC in a few weeks.  What’s more, Jobs himself will be kicking off the conference with a keynote address at 10:00am Monday, June 7.  I wonder if he will have any exciting announcements for us?

    If you were going to send an email to Steve Jobs, what would you ask or tell him?  Let us know in the comments!

    Via SlashGear, TechCrunch

     

    Steve Jobs to Kick Off Apple’s Worldwide Developers Conference 2010 with Keynote Address on Monday, June 7

    CUPERTINO, Calif., May 24 /PRNewswire-FirstCall/ — Apple® will kick off its annual Worldwide Developers Conference (WWDC) with a keynote address by CEO Steve Jobs on Monday, June 7 at 10:00 a.m. This year’s WWDC sold out in a record eight days to over 5,000 developers.

    The five-day event running from June 7 to June 11, is focused on providing advanced content for skilled developers across five key technology tracks: Application Frameworks; Internet & Web; Graphics & Media; Developer Tools; and Core OS. Apple engineers will deliver over 100 solutions-oriented technical sessions and labs. WWDC 2010 gives an incredibly diverse community the opportunity to connect with thousands of fellow iPhone®, iPad™ and Mac® developers from around the world.

    Apple ignited the personal computer revolution with the Apple II, then reinvented the personal computer with the Macintosh. Apple continues to lead the industry with its award-winning computers, OS X operating system, and iLife, iWork and professional applications. Apple leads the digital music revolution with its iPods and iTunes online store, has reinvented the mobile phone with its revolutionary iPhone and App Store, and has recently introduced its magical iPad which is defining the future of mobile media and computing devices.

    © 2010 Apple Inc. All rights reserved. Apple, the Apple logo, Mac, Mac OS, Macintosh, iPhone and iPad are trademarks of Apple. Other company and product names may be trademarks of their respective owners.

     


  • Required viewing: Android 2.2 Froyo keynote with Vic Gundotra

    Many of you watched it live on YouTube, but if you missed the day 2 keynote at Google I/O, then you must check it out.

    Vic Gundotra returned to spill the beans on Android 2.2 and gave one of his best presentations yet. Google and Vic have been gaining confidence in their mobile operating system and we can clearly see it come out with all their jokes directed at Apple.

    Watch along as Vic shares a story about his first day at Google, demonstrates the five pillars of Android 2.2, and previews upcoming features like the online Android Market and music store.

    [Post image via Romain Guy]

    Related Posts

  • Will Zuckerberg’s Mea Culpa Turn the Tide for Facebook on Privacy?

    Facebook CEO Mark Zuckerberg, in an echo of previous mea culpas from the social network, has responded to criticisms of the way the company has handled its users’ privacy — but this time he took to the pages of the Washington Post to make his amends, rather than writing a blog post on the Facebook site as he has in the past. Zuckerberg admitted that in trying to give people new ways to connect with each other, “sometimes we move too fast,” and said that Facebook would soon be introducing simplified controls for privacy to make it easier for users to turn off certain services and control how they share information and with whom. But he didn’t say he was sorry, and he made it clear that the network still intends to move ahead with enhanced sharing features.

    The Facebook CEO also failed to mention one of the most contentious aspects of the company’s new settings — the “instant personalization” feature that was rolled out at the recent F8 conference, and to which users were opted-in by default — nor did he discuss the moves by a U.S. senator and a group of privacy advocates and consumer groups aimed at getting the Federal Trade Commission to investigate the way the social network handles privacy. Zuckerberg avoided the personalization issue by saying that most of the criticisms were about how “our controls were too complex” and that better controls were coming. He also made it clear that while he’s sorry about the way some of the recent changes were handled, Facebook’s chief interest still lies in getting its users to share more of their information. As he wrote:

    People want to share and stay connected with their friends and the people around them. If we give people control over what they share, they will want to share more. If people share more, the world will become more open and connected. And a world that’s more open and connected is a better world.

    As Kevin Kelleher pointed out in a recent post, Facebook has an opportunity to turn things around on privacy, but it needs to be very careful in trying to do so. Users are already hyper-sensitive to the issue, as the recent furor over the transmission of user IDs in web page URLs indicates, and are therefore more likely to be suspicious about the social network’s sincerity. That said, the company’s experiences with previous privacy-related concerns around the news feed shows that users can be convinced to change their views on the benefits of sharing. Whether the current storm of criticism is more like that situation or the aborted Beacon initiative remains to be seen.

    Related content from GigaOM Pro (sub req’d): Could Privacy Be Facebook’s Waterloo?



    Alcatel-Lucent NextGen Communications Spotlight — Learn More »

  • Less than a week to get more than 30% off MAGIX Audio Cleaning Lab 16 deluxe

    audiocleaning-box.gifNearly everyone has old tapes, cassettes, VHS videos, LPs and other old audio sources with some of our favourite tracks. I’m game enough to admit that I found one of my old favourite extended S-Express tracks on an ultra-rare 12″ vinyl the other day. Borrowed a friends record player and remembered how great that track was. Gone are the days where we could find this track on Napster and other, well, less legit sources. The solution is to record the old audio from our LPs via a cable connected to our computer. We need the software to process the audio, however.

    MAGIX Audio Cleaning Lab 16 deluxe is a application that should be part of everyone’s toolkit. It enables you to record from just about any audio source, then process this audio, touch it up, add effects, cut elements from the source and then export it in in a digital format you can play on your MP3 device or computer.

    Until end of May, we have more than 30% off MAGIX Audio Cleaning Lab 16 deluxe. This offer won’t repeated and was agreed with MAGIX, through May, for one-month-only!

    MAGIX Audio Cleaning Lab 16 deluxe link.

  • DVDs Could Hold 1,000x Capacity of Blu-rays With New Japanese Research [DVDs]

    While we’re waiting for the Blu-ray Disc Association to upgrade discs to 128GB capacity, Japanese scientists have found a way to increase DVD capacity by 1,000 times—using just a slick of metal material over each disc. More »










    DVDMoviesHome VideoArtsBlu-ray Disc

  • HP Slate to Run Palm WebOS, Says HP Taiwan Official [Tablets]

    As expected and wished for, HP won’t use Windows 7 in their incoming HP Slate, but their newly acquired Palm WebOS. At least, that’s what Monty Wong—vice-president of personal computing systems at HP Taiwan—said to Digitimes. More »










    Window 7Hewlett-PackardhpslateSlateHP

  • Existing Home Sales Blow Past Expectations

    happyhomeowners__tbi.jpg

    April existing home sales rose 7.6%.

    This amounted to an adjusted rate of 5.77 million units, which was higher than the expected existing home sales of just  5.65 million units.

    WASHINGTON (May 24, 2010) – Existing-home sales rose again in April with buyers motivated by the tax credit, improving consumer confidence and favorable affordability conditions, according to the National Association of Realtors®.

    Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, increased 7.6 percent to a seasonally adjusted annual rate of 5.77 million units in April from an upwardly revised 5.36 million in March, and are 22.8 percent higher than the 4.70 million-unit pace in April 2009. Monthly sales rose 7.0 percent in March.

    Lawrence Yun, NAR chief economist, said the gain was widely anticipated. “The upswing in April existing-home sales was expected because of the tax credit inducement, and no doubt there will be some temporary fallback in the months immediately after it expires, but other factors also are supporting the market,” he said. “For people who were on the sidelines, there’s been a return of buyer confidence with stabilizing home prices, an improving economy and mortgage interest rates that remain historically low.”

    The national median existing-home price3 for all housing types was $173,100 in April, up 4.0 percent from April 2009. Distressed homes accounted for 33 percent of sales last month, compared with 35 percent in March.

    See the official release here >

    Chart

    Join the conversation about this story »

  • McLaren inaugura 35 pontos de venda pelo mundo

    Imagens dos pontos de venda

    Dando continuidade nos planos de entrar no mercado com supercarros esportivos com o seu MP4-12C, a McLaren anunciou as localizações das lojas pertencentes à sua rede mundial de varejo, onde 35 lojas estão inclusas. Até 2012, a idéia é expandir ainda mais a rede.

    Na América do Norte existem 8 concessionárias autorizadas, e até o final de 2010 serão adicionadas mais duas concessionárias na região. As lojas estão localizadas em Chicago, Dallas, Los Angeles, Orange Country, Nova York, Filadélfia, São Francisco, Tampa e Toronto.

    No continente europeu, existem 13 concessionárias autorizadas, e mais 8 serão inclusas nos próximos meses na região leste européia, e também na África do Sul. Na Ásia serão inclusas mais quatro lojas. O plano de expansão da McLaren está começando a ser executado.

    Imagens dos pontos de venda
    Imagens dos pontos de vendaImagens dos pontos de vendaImagens dos pontos de venda

    Via | Left Lane


  • Sound ID 510 Bluetooth headset coming to AT&T in June


    I’ve used a number of Bluetooth headsets, and I really tried to make myself comfortable while wearing them. None of them have been quite comfortable enough for me, and I feel like I’m missing out on sounds around me when the piece is sitting dormant in my ear. Perhaps the new Sound ID 510 headset, coupled with the EarPrint App, will solve my concerns.

    The Sound ID 510 headset looks like a good headset in its own right. Supports pairing with two devices simultaneously, a respectable five hours of talk time, and “Environmental Mode to amplify surrounding sound while wearing the headset – allowing clear conversations “On” and “Off” the phone”, which I guess turns the unit into a giant external hearing aid. Sweet!

    The Sound ID 510 works with Sound ID’s EarPrint app for the iPhone, though, which makes things a whole lot more interesting. Drag-and-drop sound “personalization” to select the sound mode that you think produces the best audio, plus a visual battery meter for your headset and a “Find Me” function to locate lost headsets. It’s about time these important features were added to the too-pedestrian Bluetooth headset!

    The Sound ID 510 headset is coming to AT&T in early June for $129.99. The EarPrint app is free.

    A full review of the headset and app are available over at Gear Diary. Sounds like a winner, to me.

    Of course, even a useful Bluetooth device like this may not prevent you from being called a “Bluetool“. Use discretion.


  • Free Copy of Jeff Bussgang’s ‘Mastering the VC Game’ for the Next 25 Purchasers of XSITE 2010 Tickets

    XSITE 2010
    Robert Buderi wrote:

    Members of the Boston innovation community poured into the Microsoft New England Research and Development Center recently to celebrate the release of Mastering the VC Game, a book by Flybridge Capital Partners general partner Jeff Bussgang that shines a light on the inner workings of venture capital and details what it takes for entrepreneurs to court and pitch venture investors and win financing. Now, we are pleased to announce that we have 25 copies of this essential book for entrepreneurs to give away to the next 25 people who purchase Saver Rate or Startup Special (our discounted price for entrepreneurs and those who work at startups) tickets to XSITE, the Xconomy Summit on Innovation, Technology, and Entrepreneurship. Our all-day innovation extravaganza will take place on June 17 at Babson College in Wellesley, MA. Register and (hopefully) secure your book right here.

    Mastering the VC GameWhat better fit for Jeff’s book than one of New England’s biggest summits on innovation and entrepreneurship. Close to 50 representatives from the New England innovation community and beyond are taking part—from a slew of startup entrepreneurs to public company executives to leading VCs and angel investors. Keynote speakers include Peter Diamandis, chairman and CEO of the X Prize Foundation; Rod Brooks, whose startup Heartland Robotics is out to reinvent how factory workers do their jobs; Alkermes chairman and CEO Richard Pops; and Bob Metcalfe, the Polaris Venture Partners partner and Ethernet inventor who has made a mission of promoting clean, super-abundant next-generation energy technologies.

    Other speakers include Steve Hall, managing director of Vulcan Capital, Paul Allen’s venture arm; Eric Giler, CEO of wireless power startup WiTricity; and Adelene Perkins, President and CEO of Infinity Pharmaceuticals. You can find the entire list of confirmed speakers at the XSITE registration page, where you can also take advantage of the Saver Rate. And we will close off the day with the XSITE Xpo, where a dozen new startups will be strutting their stuff, with you, the audience, choosing your favorites.

    We look forward to seeing you there. But even if for some reason you can’t make it to XSITE, you should get Jeff’s book. Its full title is: Mastering the VC Game: A Venture Capital Insider Reveals How to Get from Start-up to IPO on Your Terms. Legendary investor Brad Feld of TechStars calls it “the definitive book on how venture capital works.” We really appreciate Jeff making it available for us.

    Register now for XSITE for a chance to get it free of charge. See you at the summit!












  • Your Mobile Team Needs the Right Tools

    Mobile workforces are more common than ever, as companies deploy more workers in the field than in years past. One of the reasons for this rise in deployment is the improvement of the tools available to provide employees in the field. There are now smartphones, netbooks and notebooks that can turn a worker on the run into a fully productive employee who just happens to be out of the office. It is more important than ever to not only outfit such workers with good tools, but to provide an infrastructure and training to maximize the benefits of the deployment.

    Kevin Tofel takes a good look at empowering the mobile workforce (subscription required), and makes a good point that connectivity is the key for such a deployment. The tools provided to mobile workers are just dead weight if they can’t tap into the web, especially the corporate network, to fully leverage the technology. Mobile workers today can easily suffer no disadvantages from being out of the office, but connectivity is vital.

    I remember a decade ago when I used a Palm xv PDA with an Omnisky cellular modem. This modem snapped onto the back of the Palm and turned it into a mobile communication station with full email capability. This was one of the first cellular modems available, and it opened an entire level of productivity for me never seen before. I worked for a firm based in Europe at the time, and the time difference was always an issue with those of us located in the U.S. This Palm/Omnisky combo meant I got corporate email as soon as they were sent, whether I was at home or out and about. It was a tremendous advantage, even though it was limited by today’s standards.

    Today’s mobile tools are much more advanced, and as long as they can be connected to the world wirelessly they can be a full “office in a bag.” Smartphones can go a long way to keeping the mobile worker both in contact with the office and productive through interaction with the communication. Notebooks (and netbooks) can be a full office replacement for employees in the field. It is a good time to be mobile, as long as companies deploy good equipment and provide adequate training for those using it.

    Related research on GigaOM Pro (sub. req’d): To Win In the Mobile Market, Focus On Consumers



    Alcatel-Lucent NextGen Communications Spotlight — Learn More »

  • Pumping up sports spirits

    On May 27, thousands of students are graduating from Harvard. Each has a successful past to relate, and a promising future to embrace. In a series of profiles, Gazette writers showcase some of these stellar graduates.

    It would have been hard to miss Cheng Ho ’10 at Harvard’s athletic events. He’s usually the one mixed in with the crowds, displaying a boatload of Crimson spirit.

    A Harvard running back in the fall, a super fan in the winter, Ho has been revered by fans and coaches alike for his crowd-igniting antics as a fan as well as for his contributions as a member of the football team.

    As a fan, Ho was an integral part of a marketing campaign that boosted attendance at men’s basketball games this season. This culminated in an unprecedented sellout, bringing 2,195 to Lavietes Pavilion in a showdown match against Cornell. A month and a half later, Ho helped to draw a record 13,285 spectators to Harvard Stadium to watch the men’s lacrosse team take on Duke, just 437 fans shy of the NCAA regular-season record. Where the upbeat Ho went, the fans followed.

    And yet for Ho, Crimson football — and Harvard for that matter — almost never happened.

    Born and raised in Taiwan until age 13, Ho was thrust into maturity at a young age. His father lost an eight-year battle with liver cancer, and because his mother had her own struggle with schizophrenia, she was unable to care for Ho and his sister alone.

    Eventually, the siblings found themselves in the adoptive care of their aunt and uncle in Georgia, and that was the move that changed Ho’s life.

    “I’m very fortunate because I shouldn’t be alive right now, to be honest,” Ho said. “My sister and I probably would have been wandering the streets of Taipei if it wasn’t for my aunt and uncle.”

    Despite strong family support, initially the adjustment to a new culture was a challenge for Ho because of his limited knowledge of English.

    “English was very frustrating, because I consider myself pretty social. … The initial two months were the most frustrating,” he said. “I remember holding this electronic translator and trying to read just a paragraph of a science textbook, and it took me like two hours. … I would have to look up every single word.”

    Searching for something, anything, he could find to ease him through his transition, Ho found sports to be the perfect therapy.

    “Sports really opened up a new world for me, as far as being able to gain confidence and being able to socialize with people,” he said.

    Although Ho’s first love was basketball, living in the South meant being indoctrinated in football, something he didn’t comprehend when living in Taiwan. “The first time I watched a game of football was back in Taiwan. And I was just thinking: ‘Man, these people are crazy. This is such a stupid sport. I would never be able to, and want to, play this sport, ever.’ So I flipped the channel, and that was that,” Ho said.

    That changed, of course, because it wasn’t long before Ho’s athleticism on the basketball court prompted friends and coaches to persuade him to give the gridiron a shot.

    “Initially, it was really confusing because I didn’t know any of the rules, the shape of the football was really weird, and I couldn’t hold on to it,” he said. “I couldn’t really understand English, so I would run in the opposite direction. … It was complete chaos.”

    Eventually the chaos subsided, and over time, he began to excel on the field. Ho sent highlight tapes to several Division I football programs across the country, and teams began to show interest, including Harvard.

    After spending a postgraduate year in Connecticut to improve his English and prepare for the rigors of college, Ho was admitted to Harvard, and was ready to take Cambridge by storm in more ways than one.

    During his freshman year in 2006, he was behind future NFL running back Clifton Dawson ’07 on the depth chart, and then had a breakout season as a sophomore. In his first collegiate start at Holy Cross, he racked up 24 carries for 116 yards, including a 47-yard touchdown run. That season, Ho finished second in the Ivy League in rushing with 722 yards and eight touchdowns. His play helped the Crimson to an undefeated (7-0) Ivy League championship run and earned him a spot on the All Ivy second team.

    It was his best, and only full season at Harvard, as he spent the next two years hampered by injuries, and only played in eight games as an upperclassman. Although injuries shortened his career, Ho remained an integral part of the team, as well as a leader and an inspiration to the Harvard community.

    “He obviously took the long road to Harvard figuratively and literally. And because of that … he really has, as much as any kid we’ve had here, embraced everything that is Harvard, and has taken advantage of the education on the field, the education in the classroom, the education on campus,” said head football coach Tim Murphy.

    “He’ll be remembered for his love of life, his leadership by example, and his extreme pride in being a part of the Harvard community as a whole, not just a Harvard football player.”

    Next in the series: Kim Snodgrass gives a voice to foster children.

  • Stimulus Surprise: Companies Retrench When Government Spends

    Q&A with: Joshua Coval
    Published: May 24, 2010
    Author: Sean Silverthorne

    Recent research at Harvard Business School began with the premise that as a state’s congressional delegation grew in stature and power in Washington, D.C., local businesses would benefit from the increased federal spending sure to come their way.

    It turned out quite the opposite. In fact, professors Lauren Cohen, Joshua Coval, and Christopher Malloy discovered to their surprise that companies experienced lower sales and retrenched by cutting payroll, R&D, and other expenses. Indeed, in the years that followed a congressman’s ascendancy to the chairmanship of a powerful committee, the average firm in his state cut back capital expenditures by roughly 15 percent, according to their working paper, “Do Powerful Politicians Cause Corporate Downsizing?

    “It was an enormous surprise, at least to us, to learn that the average firm in the chairman’s state did not benefit at all from the unanticipated increase in spending,” Coval reports.

    Over a 40-year period, the study looked at increases in local earmarks and other federal spending that flowed to states after the senator or representative rose to the chairmanship of a powerful congressional committee.

    We asked Coval about the relationship between the government and the private sector, and how policymakers should critically evaluate federal stimulus plans to help local companies.

    Sean Silverthorne: First, a little bit about your empirical approach to the research. Why did you decide to study changes in congressional committee chairmanships?

    Joshua Coval: Our original goal was to investigate how politically connected firms benefit from increases in the power of their representatives. A benefit in focusing on changes in committee chairmanships is that their timing is largely exogenous from the perspective of the ascending chairman and his constituents. That is, a change in chairmanship can only occur if the incumbent retires or is voted out–both of which are entirely independent of what is currently happening in the ascending chairman’s state.

    Q: One of your findings was that the chairs of powerful congressional committees truly bring home the bacon to their states in the forms of earmark spending. Can you give a sense of how large this effect is?

    A: Sure. The average state experiences a 40 to 50 percent increase in earmark spending if its senator becomes chair of one of the top-three committees. In the House, the average is around 20 percent. For broader measures of spending, such
    as discretionary state-level federal transfers, the increase from being represented by a powerful senator is around 10 percent.

    Q: Perhaps the most intriguing finding, at least for me, was the degree and consistency to which federal spending at the state level seemed to be connected with a decrease in corporate spending and employment. Did you suspect this was the case when you started the study?

    A: We began by examining how the average firm in a chairman’s state was impacted by his ascension. The idea was that this would provide a lower bound on the benefits from being politically connected. It was an enormous surprise, at least to us, to learn that the average firm in the chairman’s state did not benefit at all from the increase in spending. Indeed, the firms significantly cut physical and R&D spending, reduce employment, and experience lower sales.

    The results show up throughout the past 40 years, in large and small states, in large and small firms, and are most pronounced in geographically concentrated firms and within the industries that are the target of the spending.

    Q: Although you didn’t intend to answer this question with the research, what does your team suspect are some of the causes that could explain why companies retrench when federal dollars come into their neighborhoods?

    A: Some of the dollars directly supplant private-sector activity—they literally undertake projects the private sector was planning to do on its own. The Tennessee Valley Authority of 1933 is perhaps the most famous example of this.

    Other dollars appear to indirectly crowd out private firms by hiring away employees and the like. For instance, our effects are strongest when unemployment is low and capacity utilization is high. But we suspect that a third and potentially quite strong effect is the uncertainty that is created by government involvement.

    Q: These findings present something of a dilemma for public policymakers who believe that federal spending can stimulate private economic development. How would you suggest they approach the problem that federal dollars may actually cause private-sector retrenchment?

    A: Our findings suggest that they should revisit their belief that federal spending can stimulate private economic development. It is important to note that our research ignores all costs associated with paying for the spending such as higher taxes or increased borrowing. From the perspective of the target state, the funds are essentially free, but clearly at the national level someone has to pay for stimulus spending. And in the absence of a positive private-sector response, it seems even more difficult to justify federal spending than otherwise.

    Q: What do you think your research has brought to the literature?

    A: The literature has had difficulty empirically identifying the effect of government spending on the private sector. Because spending both influences and is influenced by developments in the private sector, disentangling the two has proven challenging. We think our approach offers a rare opportunity to identify the private-sector response to government spending increases that are essentially random.

    Q: What are you working on next?

    A: Our next project will be to ask a similar question of the private sector: Does private-sector economic activity create or crowd out additional private-sector opportunities? Put differently, did Bill Gates’s decision to relocate Microsoft to the Seattle area in 1979 increase the likelihood that Amazon.com, Starbucks, and Costco would emerge from there a decade or so later? If so, this has strong implications for policymakers interested in, say, improving Detroit’s economic prospects.

    About the author

    Sean Silverthorne is the editor-in-chief of HBS Working Knowledge.

  • Report: Obama kicks off drive to enact tough fuel economy standards through 2025

    Filed under:

    A year ago, the White House led the effort to get automakers’ Corporate Average Fuel Economy to 35.5 miles per gallon by 2016. Although the number was eventually pegged at 34.1 mpg, it will actually be slightly lower because of other non-automotive credits that will be applied. One might have thought automakers would still be grousing the work that needs to be done, but in fact they encouraged the federal government to go further, and so it has: the White House began working this week on setting CAFE standards through 2025.

    The reason for this? The Golden State. Just after last year’s 2016 CAFE numbers were announced, California said it would work on “a much more stringent standard” for 2017 and afterward. Automakers urged the feds to head the California Air Resources Board off at the pass in order to stay ahead of state initiatives, thereby quashing the chance that different laws would hit the books.

    The EPA and DOT have just gotten to work on crafting new standards, so it will probably be another year before new numbers come out. For you folks with large-capacity, high-horsepower engines, you might want to take this chance to rev ’em if ya got ’em.

    [Source: Detroit Free Press | Image: AFP/Getty]

    Report: Obama kicks off drive to enact tough fuel economy standards through 2025 originally appeared on Autoblog on Mon, 24 May 2010 08:58:00 EST. Please see our terms for use of feeds.

    Read | Permalink | Email this | Comments

  • LG Remarq to Sprint

    Carrier: Sprint
    Retail Price: $219.99 or via ebay
    Phone Price: $0.00 and via Wirefly
    Hot Features: 3G capable, 1.3MP camera, Bluetooth technology, full QWERTY keyboard