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  • ‘The Fall,’ Starring Gillian Anderson, Now Available On Netflix

    Things are really starting to heat up with Netflix streaming. In the wake of the successful premieres of House of Cards and Hemlock Grove, Netlix has now debuted the long-anticipated return of Arrested Development, and will soon get the new season of The Killing.

    Netflix has now also made available The Fall, the new crime show featuring Gillian Anderson of The X Files fame.

    The show has done quite well in the UK, appearing on BBC2, and reportedly reaching about 3.5 million viewers a week since debuting earlier this month. The BBC announced that it is being renewed for a second season.

    It’s not exactly a Netflix original, but it’s the latest example of Netflix getting more sought-after content to its streaming service, and quickly.

    Season now available on Netflix in the U.S.

  • Hal McClure Dies; Journalist Was 92

    Journalist Hal McClure has died at the age of 92. According to an Associated Press report, McClure died at a Los Angeles hospital on Sunday following surgery to remove a blood clot in his brain that was caused by a fall.

    McClure reported for the Associated Press for decades, with much of that time spent as an overseas correspondent. He joined the AP in the 1950s and began his career as an entertainment reporter in Los Angeles. He later moved on and took his first foreign assignment in Singapore. For 21 years, McClure reported for the AP in locations throughout the world, including in Malaysia, Turkey, and Israel. He reported from Israel during the 1967 Six-Day War.

    After retiring from the AP, McClure traveled the world, documenting his travels in Travel Adventure Documentary Magazine. He also published an autobiography titled Adventuring.

    Travel Adventure Documentary Magazine has promised to publish “more on the loss of our editor friend, and adventurer in days to come.” McClure was an editor for the magazine.

    McClure has a YouTube channel with several samples of Travel Adventures’ documentaries:

  • New Spotify update rolling out, finally brings landscape support

    Spotify_Landscape_Update

    Spotify has finally answered the pleas of its users to add landscape support to its hugely popular Android application. Starting today, the company will begin a staged rollout of the update, so you’ll have to keep checking to see if you got the update. This is a great addition to the app as they now face increased competition from Play Music All Access. Check out the link to the Play Store after the break.

    QR Code generator

    Play Store Download Link

    Come comment on this article: New Spotify update rolling out, finally brings landscape support

  • Qualcomm’s BatteryGuru app now out of beta

    unnamed

    Qualcomm’s BatteryGuru app is now out of beta with it’s latest update in the Play Store. This was released back in February and I’ve been using the beta on my Nexus 4 ever since. While I haven’t noticed too much of a difference, any difference is nice. It kind of works like the Juice Defender app that’s already in the Play Store, but in a much smaller scale. Give it a shot if you have a device that uses Qualcomm’s Snapdragon CPU! Video and link below after the break.

    Click here to view the embedded video.

    QR Code generator
    Play Store Download Link

    Come comment on this article: Qualcomm’s BatteryGuru app now out of beta

  • If you’re disappointed with big data, you’re not paying attention

    There has been a backlash lately against big data. From O’Reilly Media to the New Yorker, from Nassim Taleb to Kate Crawford, everyone is treating big data like a piñata. Gartner has dropped it into the “trough of disillusionment.” I call B.S. on all of it.

    It might be provocative to call into question one of the hottest tech movements in generations, but it’s not really fair. That’s because how companies and people benefit from big data, data science or whatever else they choose to call the movement toward a data-centric world is directly related to what they expect going in. Arguing that big data isn’t all it’s cracked up to be is a strawman, pure and simple — because no one should think it’s magic to begin with.

    Correlation versus causation versus “what’s good enough for the job”

    One of the biggest complaints — or, in some cases, proposed facts — about big data is that is relies more on correlation than causation in order to find its vaunted insights. To the extent that’s true, it’s a fair criticism. Only I’m not certain how often it’s true for things that really matter.

    Honestly, for song or product recommendations, who really cares?

    But in areas like medicine, finance and even marketing, people are becoming much more concerned with finding out “why” once they’ve found out “what.” If you’re a police department trying to figure out a strategy for stopping people on the street, for example, even a strong correlation between race and certain crimes probably won’t be enough to justify harassing minorities. Oncologists might benefit from seeing the similarities among cells in a biopsy, but targeting certain markers doesn’t guarantee you can cure someone’s cancer.

    Or if you’re a retail store, knowing that Mac users who visit your site tend to buy more-expensive products might make you want to show them more-expensive products. Some deeper digging — perhaps even via direct questions — would show they’re really concerned with craftsmanship. The more you learn beyond what a clustering algorithm can tell you, the better you can connect with customers.

    This is why some people call the process of asking interesting questions of data “exploratory analytics.” Data analysts can send out a virtual Christopher Columbus to see what’s doing inside their data. If they find something potentially valuable, they dig in further. Correlations are just a notice that there might be something worth looking at here.

    Clusters show where oncologists should start investigating.

    Clusters show where oncologists should start investigating. Source: Columbia University

    And even in the realm of machine learning — where algorithms are tearing through datasets trying to discover complex patterns humans could never spot — very few people are seriously suggesting we take the machines at their word. In case after case after case, the story is the same: machines do the heavy lifting but humans still play critical roles in training the models by correcting mistakes or adding judgment into an otherwise entirely logical process.

    Web data is only part of big data

    There’s another idea floating around, too, which is that web-derived data — be it from social media, search queries or some other place — is somehow synonymous with big data. Critics are quick to point out that there are biases in this type of data and that we shouldn’t abolish traditional methods of qualitative, non-digital research in lieu of methods utilizing this fast, easy web data. Of course these critics are right.

    But who is really suggesting we do away with traditional forms of research? Social media data shouldn’t usurp traditional customer service or market research data that’s still useful, nor should the Centers for Disease Control start relying on Google Flu Trends at the expense of traditional flu-tracking methodologies. Web and social data are just one more source of data to factor into decisions, albeit a potentially voluminous and high-velocity one.

    Even if they’re biased or perhaps even slightly misleading, though, these new data types are still valuable, even for social science research. It is a source of new, large, and arguably unfiltered insights into attitudes and behaviors that were previously difficult to track in the wild. I’m thinking of the researchers who identified new insights into bullying by studying Twitter activity, and of those who have mapped racist tweets across the United States.

    Floating Sheep's Hate Map

    Floating Sheep’s Hate Map

    The drawbacks should be pretty easy to overcome. Demographic or other biases might be relatively easy to spot when information is also tagged with geodata and perhaps profile information, for example. And assuming the data is mostly indicative of macro trends, there’s definitely value in being able to track it by the day, hour or minute and see trends shaping up in something far closer to real time than traditional research methods would allow.

    It’s not all about insights

    Which brings me to another point, this one about the idea that big data is all about finding out new things through exploration. Sure, that can be the case if you’re starting to analyze entirely new data sources (like social media data) or using entirely new techniques, and it’s a very compelling reason to get started down the big data path. But sometimes big data is just about automation.

    Technologies like Hadoop, for example, aren’t designed to write you better models — they’re designed to process a lot more data a lot faster. If your models still work, Hadoop should help you run them better against a much larger dataset. That might lead to more accurate models and faster answers, but it won’t necessarily lead to some “a ha” moment — like that you’ve been doing business all wrong for all these years.

    If you’re a law firm, analyzing e-discovery files faster and more accurately might be reward enough in itself. Or maybe you’re just trying to get a better view of customers or products by putting all your data on them, that you’ve collected over years, into one place. The point is these are valuable objectives even if they don’t involve finding a needle in the haystack.

    I think MailChimp is a great example of this. It used big data techniques to discover some interesting things about the characteristics of spam, but the bigger goal was automating the spam-detection process. Those insights don’t directly affect the bottom line, but they did free up resources to help apply data science in others areas that could.

    Lower your expectations. Or at least know them

    Like anything in IT, big data is almost destined to be a money pit if you go into it without a plan. I’ve heard stories of large-enterprise CIOs deploying Hadoop clusters — sometimes numerous flavors of Hadoop clusters — just because they felt obligated to. I assume there are companies trying desperately to hire data scientists with no real idea what types of problems they’ll be trying to solve. That’s crazy.

    In some ways, this type of thinking ties back to the idea that new digital data sources somehow overtake a company’s legacy data in terms importance. Without any actual plan of attack, proposing “We’ll use social media” as a solution to finding out more about consumers is about as useful as proposing “We’ll use Hadoop” as a solution to a question about a big data strategy. Both might very well be parts of any given plan, but they need to be used for what they’re good for.

    One major takeaway from my recent interview with MetLife, for example, was how fast the company was able to move on a new data-centric project because it approached it with a plan in place about the types of data and technology it needed. I don’t think it’s surprising, either, to hear the team at Infochimps say that while customers often approach thinking they need Hadoop, it turns out they usually need to begin with something a little less industrial-strength.

    So, no, new data types, technologies for processing them and techniques for analyzing them aren’t going to change the world through their mere existence. At the worst, they’re just bigger, shinier and arguably better versions of what we already had. At the best, however — and used appropriately — they really could make a big difference.

    Big data will never equal perfect data, but it can definitely point us in the right direction. I suggest not throwing the baby away with the bathwater.

    Feature image courtesy of Shutterstock user alri.

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  • Samsung Galaxy Note 3 rumored to have Snapdragon 800 CPU alongside a 13-megapixel camera

    galaxy_note_3

    Whether you love or hate rumors, there’s plenty of them going around about Samsung’s upcoming Galaxy Note 3 that is slated for release later this Fall. The latest bit of rumors about the device is that it is expected to have Qualcomm’s newest Snapdragon 800 CPU and will also feature a 13-megapixel camera, much like its Galaxy S4 brethren. I’m not sure if this rumor is pertaining to the US versions of the device, because as we all know Samsung likes to use their Exynos processors on the non US versions of their S4′s and used it on their current Note 2.

    There are also rumors of the Note 3 being housed in aluminum or some type of metal, but none of that has been confirmed. The only thing I hope Samsung does with the Note 3 is that they keep the 5.5″ display size. Any larger is just too ridiculous in my opinion. Either way, more rumors about this device should be expected within the next couple of months leading to its announcement later during the end of Q3 or starts or Q4.

    source: zdnet

    Thanks Steve!

    Come comment on this article: Samsung Galaxy Note 3 rumored to have Snapdragon 800 CPU alongside a 13-megapixel camera

  • JCPenney Insists This Tea Kettle That Looks Like Hitler Was Not Intentional

    JCPenney is currently going through a transition phase as it works to win back the customers it lost under its former CEO. Now the company is dealing with the fallout associated with one of its products.

    Redditor Wrestles4Food recently found a JCPenney billboard ad for a tea kettle that looked remarkably like a certain German dictator from World War II, especially when blurred:

    Does This Tea Kettle Look Like Hitler To You?

    Does it look like Hitler? The Telegraph certainly thought so, but JCPenney fired back saying that it was not their intention to evoke the image of Hitler when advertising a tea kettle.

    Besides the above response, JCPenney has spent a considerable amount of time on Twitter today defending the ad:

    Even if it wasn’t intentional (and it likely wasn’t), the Hitler tea kettle has been good business for JCPenney. It sold out of the kettle online and people are likely picking it up in stores on word of mouth alone. Maybe other brands should start making their products look like Hitler…

    But seriously, don’t do that.

    [h/t: Business Insider]

  • Judicata Raises $5.8M In Deal Led By Khosla Ventures

    Judicata said it raised $5.8 million in a deal led by Khosla Ventures. Khosla Partner Keith Rabois has joined the board. The news was covered in a blog post and in news stories, including one on TechCrunch. The company is developing a search technology for the legal industry.

    Find the blog post here and the TechCrunch story here.

    The post Judicata Raises $5.8M In Deal Led By Khosla Ventures appeared first on peHUB.

  • Microsoft tries to tamp down worries that new Xbox will follow your every move

    Microsoft Xbox One Privacy Concerns
    Microsoft wants concerned gamers to know that its next-generation console won’t be a Stalk Box. In a statement given to Kotaku, an unnamed Microsoft spokesperson said that the new console’s Kinect sensor will have “simple, easy methods to customize privacy settings” and will “provide clear notifications and meaningful privacy choices for how data will be used, stored and shared.” The representative also said that users have the option to turn off the new Xbox completely and that the Kinect sensor wouldn’t keep tracking you even if you turned the power off.

    Continue reading…

  • Partnership Assurance Offers Shares for 325-400 Pence -Sources

    Private-equity backed life insurer Partnership Assurance Group has set a price range of 325 pence to 400 pence per share for its planned London listing, Reuters reported.

    (Reuters) – Private-equity backed life insurer Partnership Assurance Group has set a price range of 325 pence to 400 pence per share for its planned London listing, two people familiar with the matter said on Tuesday.

    That values the British company, majority owned by private equity firm Cinven since 2008, at between 1.3 billion and 1.6 billion pounds ($1.96 billion to $2.4 billion), one of the people said.

    Partnership, which provides annuities offering higher annual payments to customers with medical conditions, plans to raise 125 million pounds from the sale of new shares to pay down debt.

    Cinven and company management will also be selling around a quarter of their stakes in the initial public offering (IPO), which is expected to be completed around the middle of this month.

    The post Partnership Assurance Offers Shares for 325-400 Pence -Sources appeared first on peHUB.

  • Balance Point Provides $11.1 Mln Financing to Connoisseur Media

    Balance Point Capital Partners said Tuesday it provided $11.1 million in total financing to support Connoisseur Media’s buy of certain assets of Cox Radio and Nassau Broadcasting. Balance Point said it provided $5.7 million in Mezzanine Notes and $5.4 million in common equity. Westport, Conn.-based Connoisseur owns and operates commercial radio stations throughout the United States.

    PRESS RELEASE

    WESTPORT, Conn., May 28, 2013 /PRNewswire/ — In support of Connoisseur Media’s recent acquisition of certain assets of Cox Radio and Nassau Broadcasting, Balance Point Capital Partners provided $11.1 million in total financing, including $5.7 million in Mezzanine Notes and $5.4 million in Common Equity.
    (Logo: http://photos.prnewswire.com/prnh/20130528/NY21487LOGO)
    Based in Westport, CT, Connoisseur Media LLC owns and operates commercial radio stations throughout the United States. The acquisition of assets of Cox Radio and Nassau Broadcasting increases the total number of radio stations in Connoisseur Media’s portfolio to 40, with stations spanning Connecticut, New Jersey, New York, Nebraska, Illinois, Pennsylvania, Montana and Kansas with prominent positions in the Long Island, New York, Eastern Pennsylvania, and Billings, Montana markets. The company primarily operates FM stations with select AM assets. Connoisseur’s stations represent a variety of formats addressing a broad spectrum of audiences. Its chief operating strategy is focused on generating enhanced margins though improving efficiencies and top line growth initiatives. Connoisseur operations continue to be characterized by well researched and targeted programming, comprehensive training of its people, and dedicated local service (www.connoisseurmedia.com).
    “We are proud and excited to welcome Balance Point as our partner,” said Jeffrey D. Warshaw , CEO of Connoisseur Media. “Their vision and support has helped enable us to acquire these terrific assets. They have been instrumental in our explosive growth.”
    The acquisition of assets from Cox Radio and Nassau Broadcasting has added two strategically positioned groups of stations in the Pennsylvania, New Jersey and Connecticut markets to Connoisseur’s portfolio. Together, with its existing assets in Long Island, this acquisition has enabled Connoisseur to create a truly unique “media ring” around the greater metropolitan New York market.
    “Balance Point Capital is excited to be partners with Connoisseur Media and its management team,” said Seth Alvord , Managing Partner of Balance Point Capital. “These strategic assets will be an excellent addition to Connoisseur’s portfolio.”
    Balance Point Capital Partners invests mezzanine and equity capital in select lower middle market companies. Since 1988, the firm and its predecessor funds have invested in over 75 distinct businesses. Balance Point Capital Partners takes a long-term, partnership approach to investing and are committed to building lasting relationships with private equity sponsors, management teams and intermediaries. They target companies with EBITDA between $2 million and $20 million and typically invest $3 million to $15million per transaction. Seth Alvord , Managing Partner, and Rob Gibson , Senior Vice President, led the financing effort for Balance Point Capital Partners. Balance Point Capital Partners is based in Westport, CT (www.balancepointcapital.com).

    The post Balance Point Provides $11.1 Mln Financing to Connoisseur Media appeared first on peHUB.

  • Tesla crosses the $100 per share mark

    Electric car maker Tesla Motors is continuing its swift stock market trajectory this week. On Tuesday the company opened up at $101.55, crossing over the $100 mark for the first time. It’s now trading up around $110.05 per share this afternoon.

    TSLA Chart

    TSLA data by YCharts

    With Tesla’s first quarterly profit in the company’s decade-long history last quarter, Tesla proved to skeptics that it’s been able to transition from a niche electric car maker into a more mainstream auto company. While Tesla will no doubt face hurdles as it offers two more models in the coming years, the company is far less risky than it was back in Fall of 2012, before it has cranked up its Model S production into 400 cars per week.

    We drive the new Tesla Model S thumbnailOver the past year, the amount of short interest (the amount of shares that investors have sold short, expecting the stock to drop in price) in Tesla has been nothing short of remarkable — it was 40 percent of available shares as recently as April 19. But now as Tesla’s stock price has been rising these short sellers have been forced to buy more shares, causing the stock to rise even more.

    The result has been a massive three-fold jump in Tesla’s stock price from the $30′s a year ago to over $100 today. Tesla went public in the Summer of 2010 at $17 per share. For the Tesla teams’, and Tesla CEO Elon Musk’s, ambitions, it’s only the beginning.

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  • Arrested Development Cast Members Hang Out With Fellow Netflix Stars Kevin Spacey And Robin Wright

    Arrested Development finally returned on Sunday as a Netflix semi-original series, and stars Will Arnett and Bateman have been hanging out getting some pictures taken with fellow Netflix stars Kevin Spacey and Robin Wright (House of Cards).

    Spacey tweeted this photo out a few hours ago:

    Here’s a better look:

    House of Development

    Photographer Miller Mobley also shared a picture from the shoot:

  • Arrested Development premiere spurs piracy, pleas to expand internationally

    Netflix’s next potential customers may be on the Pirate Bay right now, looking for a copy of the latest season of Arrested Development: Copies of the show went up on various torrent sites just hours after Netflix released all 15 episodes of the fourth season on Saturday night in its entirety. Around 100,000 people have downloaded episodes of the show within the first 24 hours alone, according to TorrentFreak editor Ernesto, who has long tracked downloading stats for popular movies and TV shows.

    That number is considerably less than some of the numbers he has seen for new episodes of popular TV shows like Game of Thrones, which saw a million downloaders for its April season premiere in a single day. New episodes for shows like Mad Men, Revolution and Teen Wolf all have seen higher download numbers as well, but it’s worth pointing out that many of these shows aren’t available through legal services until the day after they air on TV, if at all. In the case of Game of Thrones, online viewing is restricted to cable subscribers who pay a premium to access HBO.

    Netflix on the other hand is available in 36 million households across the US, Canada, Latin America, the UK and Northern Europe, with no need for a cable subscription at all. CEO Reed Hastings has long claimed that Netflix is winning the fight against piracy with convenience and a low price point, and the lower levels of Arrested Development piracy may be an indicator that he’s right.

    However, 100,000 downloaders within a day isn’t too shabby either, and the mere existence of these pirates is an interesting problem for Netflix to have. Traditionally, TV piracy has been fueled in part by international windowing. Viewers would download new episodes of US TV shows months before licensing brought them to TV networks in their home countries.

    Some of Netflix’s original content is going to be licensed in similar ways, simply because the company is cooperating with multiple partners who all have their own stake in the distribution chain. For example, Sony Pictures Television has been licensing House of Cards on behalf of the show’s production company Media Rights Capital to broadcasters in Australia, China and elsewhere. But as Netflix gets more and more into the original content game, it only makes sense to also play a more active role and use that kind of content itself to lead its international expansion plans.

    Case in point: The Australian consumer advocacy organization Choice recently sent an open letter to the company, asking it to roll out its service in the country as well. It read, in part:

    “Currently, Australians are prohibited from accessing the Netflix website. (…) This is frustrating for a number of consumers, however more so for consumers who may be fans of your original series, to which you have exclusive broadcasting rights.”

    Asked about the letter, a Netflix spokesperson would only say that the company is “busily expanding” into additional international markets. Netflix has said that it plans to expand to an additional European market during the second half of this year – and I wouldn’t be too surprised for original content to play a significant role in that expansion.

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  • President Obama: “The Jersey Shore is back in business”

    Watch this video on YouTube

    Today, President Obama took a trip to the Jersey Shore, where he visited with local families and business owners who are preparing for the 2013 summer season.

    President Obama last visited New Jersey in November of last year to see firsthand the damage and destruction caused by Hurricane Sandy. But today, thanks to extensive rebuilding efforts over the last several months, boardwalks, beaches and businesses up and down the shore are ready to welcome summer visitors, as the President explained.

    Now, we all understand there’s still a lot of work to be done. There are homes to rebuild. There are businesses to reopen. There are landmarks and beaches and boardwalks that aren’t all the way back yet. But thanks to the hard work of an awful lot of people, we’ve got wonderful shops and restaurants and arcades that are opening their doors. And I saw what thousands of Americans saw over Memorial Day Weekend: You are stronger than the storm. After all you’ve dealt with, after all you’ve been through, the Jersey Shore is back and it is open for business, and they want all Americans to know that they’re ready to welcome you here. 

    “If anybody wondered whether the Shore could ever be all right again, you got your answer this weekend,” President Obama said. "From Sea Bright to Bay Head, from Belmar to Seaside Heights, folks were hanging out on balconies and beaches. Shows were sold out at the Stone Pony. Kids were eating ice cream and going on rides, going and eating some more ice cream. Guys were trying to win those big stuffed animals to impress a special girl." 

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  • Google makes use of Chrome’s cross-platform syncing in new game “Roll It” for Chrome/Android

    Roll_It_Chrome

    Ever wanted a skee-ball machine for your home? Well in Google’s newest Chrome Experiment, you actually can— virtually, of course.

    “Roll It” links your phone or tablet straight to your computer’s Chrome browser, allowing you to shoot a ball right through your computer in a virtual game of skee-ball. The game is reminiscent of  ”Wii Sports,” but this is entirely different technology. Setup is extremely simple— it only took me a couple of minutes to figure it out. First you have to visit the game’s start page on your computer’s Chrome browser. After some pretty sweet intro-animations, you’ll be told to grab your smartphone and follow the rest of the instructions. In a few minutes you’ll be on your way and enjoying the game.

    Game-play isn’t perfect but games like this are still first pioneering the new technology (including Racer). From here on out it will only get better and more advanced. It’s amazing to see how far we’ve come…

    How are you guys liking “Roll It” so far? Check out the video after the break.

    Click here to view the embedded video.

    Source: Chrome Experiments

     

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  • Bees Swarm Dugout, Lock Out Angels

    A huge swarm of bees swarmed the visitor’s dugout at Kauffman Stadium on Sunday, locking out the Los Angeles Angels for about ninety minutes after the first pitch was thrown out at their game against the Kansas City Royals.

    Eventually, a beekeeper was called on to corral the bees safely, and none of the players were injured. L.A. didn’t let the setback get to them; the team went on to win 5-2.

  • HTC rumored to debut ‘Liquidmetal’ smartphone this year

    HTC Liquidmetal Smartphone
    A new report suggests that HTC may be looking to get a jump on Apple by offering a “Liquidmetal” smartphone later this year. According to Digitimes, HTC is considering adopting amorphous metal alloys for a new smartphones that would debut in the second half of 2013. The company will reportedly partner with Taiwanese chassis maker Jabon International to help manufacture the device. Apple has long been rumored to be interested in using Liquidmetal alloys in future iPhones. The company has reportedly begun hiring chassis manufacturing experts to help incorporate the technology into future products, and last year extended its partnership with Liquidmetal Technologies for an additional two years. Sources speaking to Digitimes note, however, that market demand for aluminum smartphones such as the HTC One remains strong and “full adoption of Liquidmetal is unlikely to occur in the short-term.”

  • Ray Lane Leaves Fisker Board as Bidders Circle Automaker

    Venture capitalist Ray Lane resigned from “green” car startup Fisker Automotive’s board of directors late last week, Kleiner Perkins Caufield & Byers confirmed to Reuters on Tuesday.

    (Reuters) – Venture capitalist Ray Lane resigned from “green” car startup Fisker Automotive’s board of directors late last week, Kleiner Perkins Caufield & Byers confirmed on Tuesday.

    The exit comes at a time when at least two investor groups are looking to resurrect Fisker, which has not built a car since July, people familiar with the situation have previously said.

    Kleiner Perkins was an early investor in Fisker and Lane was among the company’s most vocal supporters. The backing of Kleiner Perkins and Lane helped Fisker raise hundreds of millions of dollars in financing from private investors.

    But quality and financial missteps during the launch of Fisker’s flagship car, the $100,000-plus Karma plug-in hybrid sports car, drained the company’s coffers. Earlier this year, Fisker hired bankruptcy advisers and fired the bulk of its workforce.

    One group of investors, led by Hong Kong billionaire and Fisker investor Richard Li, is trying to salvage Fisker without resorting to a bankruptcy restructuring. Their goal is to buy the U.S. Department of Energy’s loan to Fisker, worth about $171 million, for pennies on the dollar.

    A separate group including former General Motors Co executive Bob Lutz and Wanxiang Group has offered to buy Fisker in a prearranged bankruptcy.
    Lane left the company on Friday, Kleiner Perkins said. Fisker Automotive was not immediately available to comment.

    The post Ray Lane Leaves Fisker Board as Bidders Circle Automaker appeared first on peHUB.

  • President Obama: “Faith”

    Earlier today, President Obama sent the message below to the White House email list, asking Americans to support the rebuilding efforts in Moore, Oklahoma. If you didn't get the email, be sure to sign up.

    Good morning —

    On Sunday, I was in Moore, Oklahoma. Today, I'm headed to the Jersey Shore. Those two communities are separated by half a continent but united by a common sense of purpose. Like Joplin, Tuscaloosa, and New Orleans, they are home to people who've seen nature at its worst and humanity at its best. And they're filled with those who have made the choice to rebuild after disaster, to come back stronger than ever.

    The scene on the ground this weekend was one we all know too well: homes wrecked and neighborhoods devastated. But the memories I'll take away from Moore will be of people standing tall, of neighbor helping neighbor, of survivors working to ensure that no one suffers through tragedy alone. And that too, was strikingly familiar. I could have been back in Brigantine Beach after Hurricane Sandy. I could have been in Joplin in 2011.

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