News Of The Day 1/12/2011

PC's are down, VC's are down on newer startups, Demand is down with going public. Let's . . . oh, hell, you know what I'm going to say. Let's skip the pun and get to the news!

Economics/Geekonomics:
The 20 most influential blogs in Financial Media – I read a decent amount of these (in fact I often post to them from here). Go and see if any sate your Geekonomic needs.

Guess what? A lot of big names think the size of banks is hurting the economy.

Venture Companies not as interested in younger startups.

Science:
Cleantech has done surprisingly well in 2010, here's a look at trends.

Comics:
Archie is going simultaneously digital and print – released at the same time. You may not think much of Archie, but they're doing a lot of experimenting with the brand, which is worth paying attention to. Besides, he's survived decades . .

Media:
Demand media moving ahead with going public.

Publishing:
An author looks at how Amazon is making publishers less relevant. A nice, concise analysis.

Technology:
PC Shipments lagged behind expectations in Q4 2010. No one is surprised of course.

Video Games:
For those of you missing the obvious, a further look at the fact Minecraft is insanely successful. I'd further ad what is missing here is that Minecraft built a community.

Sony wants those Jailbreaks off the net, wants damages, and is willing to get legal to do it.

This guy creates Hello Kitty mashups. I include it as it's cool. Like Fezes, or bow ties.

QUESTION OF THE DAY: Who will understand – and apply – the social lessons of Minecraft?

Steven Savage

Review: Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America by Matt Taibbi

Griftopia: Bubble Machines, Vampire Squids, and the Long Con That Is Breaking America
by Matt Taibbi

# ISBN-10: 0385529953
# ISBN-13: 978-0385529952

PROS:

  • Covers areas of financial fraud both well-known and obscure in the American economy over the last few decades.
  • Surprisingly deep and human treatment of the issues and the politics helps you understand the people and the issues.
  • Makes an attempt to explain the financial issues that often go unreported and mis-understood.
  • Attempts to keep a sense of humor about some of these things as horrible as they are.

CONS:

  • Explanation of economic issues really is not kept simple enough to explain to people without an interest in economics.
  • The author's mixture of humor, outrage, and swearing may turn some off (while others will enjoy it immensely).
  • Doesn't always dig deep enough into the patterns described.
  • Has little suggestion on solutions to the problems.

SUMMARY: Griftopia is a flawed, but interesting, examination of decades of financial fraud in America.  It is more for people who have the inclination and knowledge to dig further into the financial messes in the US.

Read more

News of the Day 1/11/2011

Verizon gets the iPhone, sucking the oxygen out of the newsroom, and . . . well other stuff.  But iPhone!

Economics/Geekonomics:
A look at the Massahusetts 'Ibanez' Case that some think may unravel the mortgage market. This may be a bit tough reading, but basically a major policy in foreclosures was invalidated – and apparently banks are facing the attention of unhappy investors over this.

Publishing:
eBooks are booming in Great Britain.

Social Media:
MySpace goes through with its massive cuts. I'm sure we have more of this story to come.

Groupon is nearly done raising that $950 million. I'm not surprised they're getting money, but wonder if they really are overvalued by now. They are buying up other companies, so I think their goal is to crush competition first – and globally. Not sure of the stability of that idea, but I'm not going to say "don't work there," they seem promising at least in the short term.

Technology:
Trade-file-by-touch company Bump raises $16 million which seems like a good investment. They've got a lot of attention and a solid basic idea – so send a resume!

Verizon:
There is now an iPhone available from Verizon. This is stunning news to anyone not living on a different planet in an alternate dimension, under a rock, asleep. Everyone else knew it was coming.

And now more info on Verizon:

Video Games:
Microsoft's mobile gaming device is Windows 7 Phone, which makes a whole lot of sense as that's the way the trends are going.

QUESTION OF THE DAY: Does Microsoft's strategy indicate the death of the portable gaming device, since Sony is trying the same thing.

Steven Savage