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Monthly Archives: July 2011

Why I’m Not Going Near Spotify (and Why You Shouldn’t Either) – James Allworth – Harvard Business Review

Unless you’ve been living somewhere without net access for the past week or so, you have heard about Spotify, an online music service that just launched in the U.S. The initial reviews have been pretty positive, and it has generated a lot of buzz, although it’s quite similar to some services that have been available here for some time (Rhapsody comes to mind). But there’s something pretty insidious buried inside music rental models like this. It’s prime territory for a bait-and-switch strategy. In fact, this approach could be exactly what the music labels are relying on.

FULL ARTICLE

 

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Last Tweet From Oslo Killer

Apparently, the savage who murdered 90+ people had a Twitter account. This was his one and only tweet:

@AndersBBreivik 

“One person with a belief is equal to the force of 100 000 who have only interests.”

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Breaking: Boehner Walks Out of Debt Talks

From Speaker Boehner:

In the end, we couldn’t connect. Not because of different personalities, but because of different visions for our country. The president is emphatic that taxes have to be raised. As a former small businessman, I know tax increases destroy jobs.

The president is adamant that we cannot make fundamental changes to our entitlement programs. As the father of two daughters, I know these programs won’t be there for their generation unless significant action is taken now.

Read the rest here.

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Flash: Etrade May Be For Sale

E*TRADE Financial responds to Citadel letter (15.64 +0.20)
The Board of Directors of E*TRADE Financial (ETFC) on July 20, 2011 received a letter from Citadel LLC (“Citadel”) requesting a special shareholder meeting to vote on a number of proposals including: the appointment of a special committee to hire an investment banker that has not previously advised the Co or the Board to review E*TRADE’s strategic alternatives, including a possible sale of the company; the declassification of E*TRADE’s Board of Directors so that all members are elected annually; and the removal of two independent Directors. E*TRADE believes that it has already addressed the substance of Citadel’s proposals and that it is not in the best interests of shareholders to call a special meeting at this time

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Have a Great Weekend !

“Conformity is the failure of freedom and enemy of growth” ~~~JFK

 

[youtube:http://www.youtube.com/watch?v=53IYg6x0aHA 450 300]

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You Just Can’t Make This Up; Design My Friends Design

Prison labor is nothing new, but with the largest imprisoned population on the planet are we really taking away jobs and wages from honest American citizens ?

[youtube:http://www.youtube.com/watch?v=q-5_7Xg9z9M&feature=player_embedded#at=32 450 300]

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Unemployment higher in most states

WASHINGTON (AP) — Unemployment rates rose in more than half of U.S. states in June, evidence that slower hiring is affecting many parts of the country.

The Labor Department said Friday that unemployment rates in 28 states and Washington, D.C., increased last month. Rates declined in eight states and were flat in 14. That’s a change from May, when 24 states reported falling unemployment rates.

Twenty-six states reported a net gain in jobs in June, while 24 states lost jobs.

The changing trend in state unemployment rates reflects a weaker economy hampered by high gas prices and lower factory output. Nationally, employers added only 18,000 net jobs in June, the second straight month of feeble hiring.

The U.S. unemployment rate ticked up to 9.2 percent.

The economy expanded only 1.9 percent in the January-March period, and most economists expect similar growth in the April-June quarter. The government releases its first estimate for second-quarter growth on July 29.

Nevada had the highest unemployment rate among the states for the 13th straight month. It rose in June to 12.4 percent, up from 12.1 percent in May. The state has been hampered by foreclosures, depressed home sales and a decline in tourism.

It was followed by California (11.8 percent) and Rhode Island (10.8 percent).

Some companies are cutting their work forces. Layoffs rose to their highest level in nine months in May, according to a separate Labor Department report last week.

The impasse in Washington over raising the federal government’s borrowing limit could affect several states, including Tennessee and Virginia. Those states could see a downgrade to their credit rating if the U.S. defaults on its debt, according to Moody’s Investors Services.

The government reached its $14.3 trillion borrowing limit in May. The Treasury Department has said it will default on its debt if the limit is not raised by Aug. 2.

Virginia is closely tied to the federal government because of its large number of military bases, defense contractors and government employees. A downgrade to a state’s rating would mean it would pay higher interest rates to borrow money.

Analysts are expecting another weak month of hiring in July, based on recent data.

The economy needs to generate about 125,000 jobs per month to keep up with population growth and prevent the unemployment rate from rising. It needs at least twice that many to rapidly reduce unemployment.

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Today’s Biggest Winners

No. Ticker % Change
1 PRKR 38.14
2 ALTI 25.19
3 CPHD 20.83
4 ATHN 19.78
5 SWKS 18.87
6 CABL 17.65
7 AMD 17.00
8 MMI 16.42
9 RRR 14.62
10 HOKU 14.19
11 PGI 13.92
12 DTLK 13.27
13 ACHN 10.80
14 ENTG 10.22
15 SNDK 9.62
16 TZOO 9.50
17 UTEK 9.22
18 CDII 8.82
19 IDCC 8.75
20 SINO 8.39
21 INUV 8.11
22 BIOF 7.84
23 LECO 7.58
24 AOB 7.50
25 ONSM 7.38

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Pirates Must Die

Hahahaha not even the people working in the Chinese “Apple” store did not know it was fake.

While we give concession to China they steal and duplicate our intelligence capital from toys to software.

Full article

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Norway attacked by terrorists

Get ready for the oil markets to freak to the upside.

(CNN) — At least one explosion rocked government buildings in Oslo, Norway, on Friday, state TV and witnesses said.

Windows in several buildings had been blown out, and people were in the street bleeding, state TV broadcaster NRK said on its website.

There are conflicting reports about whether a second blast followed the first, which occurred mid-afternoon in the center of the Norwegian capital.

One explosion happened near a government building housing the office of Prime Minister Jens Stoltenberg, said Linda Reinholdsen, a reporter for Norwegian state broadcaster NRK. Another hit near the Norwegian parliament, she told CNN.

Several buildings in Oslo were on fire, she said, and smoke was pouring from them.

Walter Gibbs, a journalist with Reuters, said he saw eight injured people, including two or three with serious wounds and one who looked dead.

Gibbs said he believes one explosion happened on an upper floor of a main government building. He said it blew out every window on the side of the building.

The blast also severely damaged the Oil Ministry and left it in flames, he said.

Reuters reported that Stoltenberg was safe.

Nick Soubiea, an American-Swedish tourist in Oslo, told CNN he was less than 100 yards from the blast, which he described as deafening.

“It was almost in slow motion, like a big wave that almost knocked us off our chairs,” he said. “It was extremely frightening.”

He said the streets were crowded with people trying to get away from the center of the city. “There are people running down the streets, people crying, everyone’s on their cell phones calling home,” he said.

A hotel worker in Oslo’s Grand Hotel, about a five-minute walk from the government building, said everyone in the hotel felt and heard the explosion, which felt like someone was shaking the entire building.

“It’s crazy,” she said, not wanting to be identified because she is not authorized to speak to the media on behalf of the hotel. “This happens in the big world, not in Oslo. I’m shocked.”

Vivian Paulsen, media adviser for the Norwegian Red Cross, lives 20 minutes away from the center of Oslo in the northern outskirts of the city. She said she heard a “huge blast.”

“I heard the big bang, I didn’t think it was anything serious. I can still see smoke coming up from the place,” she said, watching from her apartment balcony. She also heard sirens and ambulances.

As for Oslo, she said what others have been saying: Events like this don’t happen in the northern European capital.

“There’s occasional arrests of terror suspects we read about in the paper, or people planning something. I can hear ambulances and sirens.”

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Boehner: “No Deal”

Hope this clears things up.

WASHINGTON (AP) — Speaker John Boehner declared Friday that the House has “done its job” toward resolving the impasse over raising the government’s debt limit and said it was time for the Senate to act.

“There is no deal. There is no agreement in private” with Democrats, Boehner told reporters at the Capitol as the Senate was undertaking a vote on a bill pushed through the House by majority Republicans which is called “cap, cut and balance” in pursuit of an accommodation on raising the government’s debt limit. Treasury’s borrowing authority expires Aug. 2, and the government will be facing default at that time in the absence of legislation to raise the debt limit.

A testy Boehner said at one point that “at the end of the day, we have a spending problem,” blaming that on Democrats and then abruptly declaring an end to his news conference.

Boehner’s appearance came after days of partisan wrangling and as the Senate was voting on on Republican-pushed legislation tying an increase in borrowing authority to a substantial program of spending cuts, including restraints on Social Security and Medicare.

House Majority Leader Eric Cantor called on Democrats to produce their own plan.

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