Friday, 28 January 2011

Making Money With a Website


Popular financial news and commentary website Seeking Alpha seems to have a pretty sweet setup — the site has built up a large readership (40 to 45 million pageviews per month) with articles that are written for free. So the announcement that the site will start paying its contributors looks a bit odd — why start paying for something you were already getting for free?


The move seems especially risky since Seeking Alpha’s Premium Partnership Program will pay a rate of $10 per thousand pageviews. That means a big chunk of the money the site makes from each article will go to the writer. (On the other hand, Seeking Alpha founder and CEO David Jackson told me last week that the site charges its advertisers premium rates thanks to its high-quality audience.)


So why change things? Jackson said it’s because the pay model allows Seeking Alpha to reach a new set of writers. Until now, most contributors were financial advisors or other professionals who saw their articles as a way to build their reputation and attract new customers. But there’s a big pool of writers who have expertise in a specific financial subject but aren’t looking for customer leads (for example if they’re retired, or if they’ve built up knowledge as an individual investor). Those writers need a different incentive to contribute — namely, money.


The ultimate goal, Jackson said, is to become “the eBay of financial content, to put people in business who otherwise wouldn’t be in business.” Your average Seeking Alpha article receives between 2,500 and and 20,000 pageviews, he added — which means a payment of between $20 and $200. (The payments will be made quarterly, and to reduce the company’s overhead, you won’t get paid until you’re owed at least $100.) For some contributors, the payments will just represent an extra bit of spending money, but for others it could be a nice income.


Some of Seeking Alpha’s existing writers will switch to the new model, while others will not, Jackson said, because if you want to get paid, the site will require exclusive rights to the article.


One of the risks of the pay-per-pageview model is that it might encourage sensationalism for the sake of chasing traffic (and making more money). Obviously, the site wants to grow pageviews, but Jackson said he’ll be relying on its editorial team to act as a quality filter as the amount of submissions grows.


Seeking Alpha already has 4,000 registered contributors, Jackson said. The site’s investors include Benchmark Capital, Accel Partners, and DAG Ventures.


Next Story: iPhone 5, iPad 2 rumors abound: dual-core processors, high-resolution display Previous Story: Evidence suggests Stuxnet worm set Iran’s nuclear program back











Kołcz is an info-science heavy, having published numerous research articles in publications like The Journal of Supercomputing, Neurocomputing and Neural Networks. He appears to have a special affinity for spam crushing, something Twitter must struggle with a whole lot. As use of the service grows, so too will the importance of its search - especially given the very public nature of Twitter's data.



Bing powers search not just at Microsoft, but at Yahoo as well. Combined, that means that the search technology Kołcz has been the lead scientist behind has performed 12% of all searches in the United States. There is only one Principal Scientist at Bing, but it appears he's now gone to Twitter.



Update: There appears to be some question about just how unique Kołcz is as Principal Scientist at Bing. Microsoft is a giant pile of people with impressive titles, but no one else describes themselves as a Principal Scientist on Bing in their LinkedIn profiles at least. Jan Pedersen, however, does describe himself as the Chief Scientist of Core Search at Microsoft. I'll do some more investigation to try to determine how central Kołcz has been on Bing.




There is huge, untapped potential latent in Twitter search. The company's database struggles have prevented meaningful archive search, for example. That's a whole lot of history gone down the tubes.

Bing announced that it was including Twitter updates in its search results more than a year ago, in what was presumed to be one of Twitter's first big money-making deals.



Lest you tsk-tsk Microsoft too much for losing a big important data scientist, keep in mind that our last Microsoft HR story here had things going the other direction. See: Microsoft Hires World's Leading Geo-Dissident to Join Bing Maps Team













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Wednesday, 26 January 2011

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Bad News for Barry? Posted by Lew Rockwell on January 26, 2011 01:22 PM. The Democratic governor of Hawaii says there is no Obama birth certificate. I have always assumed the prez was a citizen, and if he were pro-freedom, ...

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Bad News for Barry? Posted by Lew Rockwell on January 26, 2011 01:22 PM. The Democratic governor of Hawaii says there is no Obama birth certificate. I have always assumed the prez was a citizen, and if he were pro-freedom, ...

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Guestview: Editorial independence and an ecumenical <b>news</b> agency <b>...</b>

The ecumenical news agency ENInews has been scaled back and may face more cuts as its budget shrinks.

Bad <b>News</b> for Barry? « LewRockwell.com Blog

Bad News for Barry? Posted by Lew Rockwell on January 26, 2011 01:22 PM. The Democratic governor of Hawaii says there is no Obama birth certificate. I have always assumed the prez was a citizen, and if he were pro-freedom, ...

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Guestview: Editorial independence and an ecumenical <b>news</b> agency <b>...</b>

The ecumenical news agency ENInews has been scaled back and may face more cuts as its budget shrinks.

Bad <b>News</b> for Barry? « LewRockwell.com Blog

Bad News for Barry? Posted by Lew Rockwell on January 26, 2011 01:22 PM. The Democratic governor of Hawaii says there is no Obama birth certificate. I have always assumed the prez was a citizen, and if he were pro-freedom, ...

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Bad News for Barry? Posted by Lew Rockwell on January 26, 2011 01:22 PM. The Democratic governor of Hawaii says there is no Obama birth certificate. I have always assumed the prez was a citizen, and if he were pro-freedom, ...

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Yet CBS News ran an "online poll," which is getting plenty of attention, showing that 92% of people "approve of the proposals the president made in his [State of the Union] speech." The polling method used 500 supposedly representative ...

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Yet CBS News ran an "online poll," which is getting plenty of attention, showing that 92% of people "approve of the proposals the president made in his [State of the Union] speech." The polling method used 500 supposedly representative ...

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Yet CBS News ran an "online poll," which is getting plenty of attention, showing that 92% of people "approve of the proposals the president made in his [State of the Union] speech." The polling method used 500 supposedly representative ...

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Aaron Sorkin&#39;s Cable <b>News</b> Network Project Awaits Greenlight At HBO <b>...</b>

For the past few months, HBO has been talking to Aaron Sorkin about his long-gestating drama set behind the scenes at a nightly cable news show. However, with him busy on the awards circuit with his latest film, The Social Network, ...

Phase One unveils IQ series digital backs: Digital Photography Review

Phase One unveils IQ series digital backs: Phase One has released the IQ180, IQ160 and IQ140 medium format digital camera backs with 80, 60.5 and 40 megapixel CCD sensors respectively. All three backs feature 3.2" multi-touch rear ...


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Arcus - Esri - The GIS Software Leader | Mapping Software and Data

Aaron Sorkin&#39;s Cable <b>News</b> Network Project Awaits Greenlight At HBO <b>...</b>

For the past few months, HBO has been talking to Aaron Sorkin about his long-gestating drama set behind the scenes at a nightly cable news show. However, with him busy on the awards circuit with his latest film, The Social Network, ...

Phase One unveils IQ series digital backs: Digital Photography Review

Phase One unveils IQ series digital backs: Phase One has released the IQ180, IQ160 and IQ140 medium format digital camera backs with 80, 60.5 and 40 megapixel CCD sensors respectively. All three backs feature 3.2" multi-touch rear ...


bench craft company reviews bench craft company reviews

Arcus - Esri - The GIS Software Leader | Mapping Software and Data

Aaron Sorkin&#39;s Cable <b>News</b> Network Project Awaits Greenlight At HBO <b>...</b>

For the past few months, HBO has been talking to Aaron Sorkin about his long-gestating drama set behind the scenes at a nightly cable news show. However, with him busy on the awards circuit with his latest film, The Social Network, ...

Phase One unveils IQ series digital backs: Digital Photography Review

Phase One unveils IQ series digital backs: Phase One has released the IQ180, IQ160 and IQ140 medium format digital camera backs with 80, 60.5 and 40 megapixel CCD sensors respectively. All three backs feature 3.2" multi-touch rear ...


bench craft company reviews bench craft company reviews

Arcus - Esri - The GIS Software Leader | Mapping Software and Data

Aaron Sorkin&#39;s Cable <b>News</b> Network Project Awaits Greenlight At HBO <b>...</b>

For the past few months, HBO has been talking to Aaron Sorkin about his long-gestating drama set behind the scenes at a nightly cable news show. However, with him busy on the awards circuit with his latest film, The Social Network, ...

Phase One unveils IQ series digital backs: Digital Photography Review

Phase One unveils IQ series digital backs: Phase One has released the IQ180, IQ160 and IQ140 medium format digital camera backs with 80, 60.5 and 40 megapixel CCD sensors respectively. All three backs feature 3.2" multi-touch rear ...


bench craft company reviews bench craft company reviews

Arcus - Esri - The GIS Software Leader | Mapping Software and Data

Aaron Sorkin&#39;s Cable <b>News</b> Network Project Awaits Greenlight At HBO <b>...</b>

For the past few months, HBO has been talking to Aaron Sorkin about his long-gestating drama set behind the scenes at a nightly cable news show. However, with him busy on the awards circuit with his latest film, The Social Network, ...

Phase One unveils IQ series digital backs: Digital Photography Review

Phase One unveils IQ series digital backs: Phase One has released the IQ180, IQ160 and IQ140 medium format digital camera backs with 80, 60.5 and 40 megapixel CCD sensors respectively. All three backs feature 3.2" multi-touch rear ...


bench craft company reviews bench craft company reviews

Arcus - Esri - The GIS Software Leader | Mapping Software and Data

Aaron Sorkin&#39;s Cable <b>News</b> Network Project Awaits Greenlight At HBO <b>...</b>

For the past few months, HBO has been talking to Aaron Sorkin about his long-gestating drama set behind the scenes at a nightly cable news show. However, with him busy on the awards circuit with his latest film, The Social Network, ...

Phase One unveils IQ series digital backs: Digital Photography Review

Phase One unveils IQ series digital backs: Phase One has released the IQ180, IQ160 and IQ140 medium format digital camera backs with 80, 60.5 and 40 megapixel CCD sensors respectively. All three backs feature 3.2" multi-touch rear ...


bench craft company reviews bench craft company reviews

Arcus - Esri - The GIS Software Leader | Mapping Software and Data

Aaron Sorkin&#39;s Cable <b>News</b> Network Project Awaits Greenlight At HBO <b>...</b>

For the past few months, HBO has been talking to Aaron Sorkin about his long-gestating drama set behind the scenes at a nightly cable news show. However, with him busy on the awards circuit with his latest film, The Social Network, ...

Phase One unveils IQ series digital backs: Digital Photography Review

Phase One unveils IQ series digital backs: Phase One has released the IQ180, IQ160 and IQ140 medium format digital camera backs with 80, 60.5 and 40 megapixel CCD sensors respectively. All three backs feature 3.2" multi-touch rear ...


bench craft company reviews bench craft company reviews

Arcus - Esri - The GIS Software Leader | Mapping Software and Data

Aaron Sorkin&#39;s Cable <b>News</b> Network Project Awaits Greenlight At HBO <b>...</b>

For the past few months, HBO has been talking to Aaron Sorkin about his long-gestating drama set behind the scenes at a nightly cable news show. However, with him busy on the awards circuit with his latest film, The Social Network, ...

Phase One unveils IQ series digital backs: Digital Photography Review

Phase One unveils IQ series digital backs: Phase One has released the IQ180, IQ160 and IQ140 medium format digital camera backs with 80, 60.5 and 40 megapixel CCD sensors respectively. All three backs feature 3.2" multi-touch rear ...


bench craft company reviews bench craft company reviews

Arcus - Esri - The GIS Software Leader | Mapping Software and Data

Aaron Sorkin&#39;s Cable <b>News</b> Network Project Awaits Greenlight At HBO <b>...</b>

For the past few months, HBO has been talking to Aaron Sorkin about his long-gestating drama set behind the scenes at a nightly cable news show. However, with him busy on the awards circuit with his latest film, The Social Network, ...

Phase One unveils IQ series digital backs: Digital Photography Review

Phase One unveils IQ series digital backs: Phase One has released the IQ180, IQ160 and IQ140 medium format digital camera backs with 80, 60.5 and 40 megapixel CCD sensors respectively. All three backs feature 3.2" multi-touch rear ...


bench craft company reviews bench craft company reviews

Arcus - Esri - The GIS Software Leader | Mapping Software and Data

Aaron Sorkin&#39;s Cable <b>News</b> Network Project Awaits Greenlight At HBO <b>...</b>

For the past few months, HBO has been talking to Aaron Sorkin about his long-gestating drama set behind the scenes at a nightly cable news show. However, with him busy on the awards circuit with his latest film, The Social Network, ...

Phase One unveils IQ series digital backs: Digital Photography Review

Phase One unveils IQ series digital backs: Phase One has released the IQ180, IQ160 and IQ140 medium format digital camera backs with 80, 60.5 and 40 megapixel CCD sensors respectively. All three backs feature 3.2" multi-touch rear ...


bench craft company reviews bench craft company reviews

Arcus - Esri - The GIS Software Leader | Mapping Software and Data

Aaron Sorkin&#39;s Cable <b>News</b> Network Project Awaits Greenlight At HBO <b>...</b>

For the past few months, HBO has been talking to Aaron Sorkin about his long-gestating drama set behind the scenes at a nightly cable news show. However, with him busy on the awards circuit with his latest film, The Social Network, ...

Phase One unveils IQ series digital backs: Digital Photography Review

Phase One unveils IQ series digital backs: Phase One has released the IQ180, IQ160 and IQ140 medium format digital camera backs with 80, 60.5 and 40 megapixel CCD sensors respectively. All three backs feature 3.2" multi-touch rear ...


bench craft company reviews bench craft company reviews

Arcus - Esri - The GIS Software Leader | Mapping Software and Data

Aaron Sorkin&#39;s Cable <b>News</b> Network Project Awaits Greenlight At HBO <b>...</b>

For the past few months, HBO has been talking to Aaron Sorkin about his long-gestating drama set behind the scenes at a nightly cable news show. However, with him busy on the awards circuit with his latest film, The Social Network, ...

Phase One unveils IQ series digital backs: Digital Photography Review

Phase One unveils IQ series digital backs: Phase One has released the IQ180, IQ160 and IQ140 medium format digital camera backs with 80, 60.5 and 40 megapixel CCD sensors respectively. All three backs feature 3.2" multi-touch rear ...


bench craft company reviews bench craft company reviews

Arcus - Esri - The GIS Software Leader | Mapping Software and Data

Aaron Sorkin&#39;s Cable <b>News</b> Network Project Awaits Greenlight At HBO <b>...</b>

For the past few months, HBO has been talking to Aaron Sorkin about his long-gestating drama set behind the scenes at a nightly cable news show. However, with him busy on the awards circuit with his latest film, The Social Network, ...

Phase One unveils IQ series digital backs: Digital Photography Review

Phase One unveils IQ series digital backs: Phase One has released the IQ180, IQ160 and IQ140 medium format digital camera backs with 80, 60.5 and 40 megapixel CCD sensors respectively. All three backs feature 3.2" multi-touch rear ...


bench craft company reviews bench craft company reviews

Arcus - Esri - The GIS Software Leader | Mapping Software and Data

Aaron Sorkin&#39;s Cable <b>News</b> Network Project Awaits Greenlight At HBO <b>...</b>

For the past few months, HBO has been talking to Aaron Sorkin about his long-gestating drama set behind the scenes at a nightly cable news show. However, with him busy on the awards circuit with his latest film, The Social Network, ...

Phase One unveils IQ series digital backs: Digital Photography Review

Phase One unveils IQ series digital backs: Phase One has released the IQ180, IQ160 and IQ140 medium format digital camera backs with 80, 60.5 and 40 megapixel CCD sensors respectively. All three backs feature 3.2" multi-touch rear ...

Tuesday, 18 January 2011

Being Right or Making Money

I recently watched the movie Exit Through the Gift Shop from well-known artist Banksy. I got a kick out of this film for multiple reasons having liked Banksy's artwork for years now.


What most amused me though is how well it goes about making you question what celebrity is and how much you can achieve by becoming famous. The key point for me is questioning whether you really need to be creative and innovative above and beyond being famous.


Then Mike Butcher over at Techcrunch went and posted something this morning about startup teams trumping celebrity tech entrepreneurs. In summary, he too is making the point that execution far outweighs celebrity.


Basically, what I'm getting at, is all the parallels you're starting to see between the startup world and the movie business. I am definitely not an expert on the movie business and can only imagine what it's truly like from afar. Yet, we've all seen enough of it to realize a bit how things work in Hollywood. You basically have a couple large companies or studios as they're usually called. There you have management at the top who are the power-brokers in the industry. They back films which are used as vehicles to market actors who either succeed or not. If they do succeed, they are cast in further films and a ton of marketing is thrown at these films, regardless of whether these actors have talent or not.


Ultimately, the goal is to make as much money as possible and if you're the one making all this money, keep other people out so you can continue to make as much money as possible. Sure, there are some stand-out actors, managers and studios who go against the grain but basically it's an industry optimized to make money. Simplified by me immensely but I believe you understand what I am saying. 


Now let's switch over to the startup world. It's no longer Hollywood and we're now a bit north in Silicon Valley. You have a couple firms who call all the shots and are known as Tier 1 VC's (with some major players like Google, Apple, and Facebook thrown in for good measure).


These VC's fund firms instead of films run by entrepreneurs instead of actors. Some of these entrepreneurs are successful and some are not. Those who are get funded further by these Tier 1 firms. Lots of companies are started and sold since these power brokers in the Valley sit on each other's boards and pass deals back and forth. The power brokers continue to make money and those entrepreneurs who don't lead to successful exits get weeded out (where's the reality TV version of "out to pasture" for entrepreneurs?)


Ultimately, as in the movie business, you make as much money as possible and keep out the riff-raff who would keep you from making tons of money as long as possible. 


Now don't get me wrong. I am in no way arguing about whether the movie or startup business is right or wrong or skewed in someone's favor or not. I'm also probably simplifying it too much as well. But the point I am making is that we are in a world where it's about making money. Sure, you can get your touchy-feely on and say you're changing the world but ultimately you wouldn't "work" if it wasn't about making some money.


Hence, my advice to any entrepreneur is to take advantage of whatever you have if you ultimately want to be successful. If you are naturally good looking, get your face out there. Be on TV and in the press. If it helps you make money, go for it.


At the same time, if media attention doesn't help you make more money, don't focus on it. Get your pretty head down to business and execute like hell to innovate, optimize and sell your product. Or have the best of both worlds. Be a CEO focussed on getting your brand or product out there and have a number two (great blog post by Ben Horowitz) who takes care of business. What you need to focus on is making money and being the scrappy entrepreneur that you are, you'll optimize wherever you can to achieve your goal. 


In the end it's never about who was most popular that determines success. Just think back to all those football players and cheerleaders in high school. (I've seen some of them from my high school....thank you Facebook.....and had a good laugh!) So often there are people you never hear about making tons of cash since they don't need to focus on media.


On the other hand, if Twitter/Foursquare/Zynga/Groupon hadn't received so much media attention, you think they'd be where they are now? I highly doubt it and I guarantee you that they had a clear strategy in place to use media (and position their founders) from the start. Hence, don't waste time focussed on the wrong things. If you're a celebrity entrepreneur who's counting his millions hats off to you. If you've become a media darling and are broke, well tough luck kid. Try something new. 


By the way, here's what Exit Through the Gift Shop is about cut and pasted from Wikipedia. Think what you will about whether it's a real story or not but reast assured the dollars earned by "Mr Brainwash" were real!!


Exit Through the Gift Shop: A Banksy Film is a Gonzo Documentary which tells the story of Thierry Guetta, a French immigrant in Los Angeles, and his obsession with street art. It is presented as a documentary, but reviewers have questioned its factuality. The film charts Guetta's constant documenting of his every moment on film, to his chance contact with his cousin, the artist Invader, and his documenting of a host of street artists with focus on Shepard Fairey, and also Banksy though the latter's face is never shown, and his voice is distorted to preserve his anonymity


 




As we get ready for John Boehner to take the gavel from Nancy Pelosi on Wednesday, I find myself thinking back to the last time a Republican speaker took control of the House from a Democrat -- and reflecting on how far down the wrong road we have traveled since then.



It was January 1995, and Newt Gingrich, now considered a right-wing bomb thrower, was taking the gavel from Tom Foley. After taking the oath of office, he delivered a speech that praised FDR as "the greatest president of the 20th century" and presented concern for the least among us as a shared national objective. "The balanced budget is the right thing to do," he said. "But it does not in my mind have the moral urgency of coming to grips with what is happening to the poorest Americans."



For the incoming Republican speaker, reducing poverty and lifting the poor into the middle class was a moral imperative beyond the left vs. right battlefield -- not just the purview of lefties, socialists, and community organizers:

I say to those Republicans who believe in total privatization, you cannot believe in the Good Samaritan and explain that as long as business is making money we can walk by a fellow American who is hurt and not do something.... If you cannot afford to leave the public housing project, you are not free. If you do not know how to find a job and do not know how to create a job, you are not free. If you cannot find a place that will educate you, you are not free. If you are afraid to walk to the store because you could get killed, you are not free.


So now, with poverty higher than it was 16 years ago, with greater income inequality, and with the middle class struggling to hold on, what will Speaker Boehner make his number one priority? According to the Washington Post, it's "cutting spending," followed by repealing the healthcare law, and "helping get our economy moving" (no specifics on how he plans to do that).



Yet we saw on 60 Minutes that he's very aware of how fragile the American Dream has become, telling Lesley Stahl, "I can't go to a school anymore. I used to go to a lot of schools. And you see all these little kids running around. Can't talk about it." And he choked up when he did try to talk about "making sure these kids have a shot at the American Dream, like I did. It's important."





Interestingly, in his first speech as speaker, Gingrich also talked about being moved by the woes of school kids.



"I have seldom been more shaken," he said, "than I was after the election when I had breakfast with two members of the Black Caucus. One of them said to me, 'Can you imagine what it is like to visit a first-grade class and realize that every fourth or fifth young boy in that class may be dead or in jail within 15 years? And they are your constituents and you are helpless to change it?' For some reason, I do not know why, maybe because I visit a lot of schools, that got through. I mean, that personalized it. That made it real, not just statistics, but real people."



But the trajectory of our political discourse over the last decade and a half has meant that taking on poverty has gone from a moral imperative and shared national objective to an afterthought -- or no thought at all.



The question is, is there anything that can be done to help Boehner make the connection between the policies he supports and the effect those policies have on the kids who bring him to tears?



Newt Gingrich failed to follow through on the moral imperative he identified in his first speech as speaker, trading in his moral vision and replacing it 15 months later with an announcement that the Republican agenda could be reduced to six words: "Earn more, keep more, do more."



Will Boehner's take be "Earn more, keep more, cut more"? Or is there a chance he will surprise us? Maybe it's because it's close enough to Christmas that I still believe in miracles, but wouldn't it be great if the John Boehner who takes the gavel on Wednesday is the one who weeps at the thought of kids denied a shot at the American Dream?











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Friday, 14 January 2011

Being Right or Making Money

Luck's father, Oliver, says the decision was based purely on "staying in a place he loves, playing beside teammates he adores and getting the degree he covets." Perhaps, I can relate to Luck better than some because I have the perspective of a 19-year-old high school senior that wants nothing more than to be in college right now instead of high school.


Being a senior in high school is not a horrible experience by any means, but right now, if I could be anywhere I wanted, I would be a second-semester freshman in college. Maybe a lot of high school seniors say that, but I am in my 14th consecutive year at the same independent private school. I have gone to school with more or less the same people for that entire time. I am ready to change schools, take some new classes, meet new people, and leave home. So when Andrew Luck announced he wanted to stay at school instead of going pro, I totally understood how he felt. I wouldn't want to leave school either.


On another note, even though the current NFL Collective Bargaining situation reported influenced Luck's decision very little, it is still a major issue worth examining in the context of Luck's decision. A major crticism of Luck is that he will lose tens of millions of dollars for not turning pro.


On the surface, that is almost guaranteed to be true even if his draft stock doesn't go down at all, and he doesn't get hurt playing for Stanford next year or the year after that because the new CBA realistically has to have a rookie payscale, which would result in Luck receiving a significantly smaller salary than the one he would have gotten had he gone pro this year.


But a closer analysis of the broad financial picture reveals that Luck made a sensible decision that very few big-time college athletes are capable of making. Assuming Luck gets his architectural design degree, he will still be set up to make good money regardless of what happens to his football career.


If something bad happens, he has a college degree to fall back on. If he plays for 20 years and makes more money than most of us will see in our lives, then he will have options for a real job beyond football if he wants to leave. Most former players who don't want to coach or don't make good coaches and don't have enough education, end up on the street because they spend too much money during their playing careers. By getting a degree, Luck assures himself that he will not share that future.


Andrew Luck has the right ideas of how to build a successful future. The rest of the world of big-time college athletics should take notice. And his critics should think twice before saying anything.






The result is a bunch of excess inventory and poorly thought-out construction projects which have no means of recouping the initial investment needed to repay the bank loans.

This practice is similar to Spain`s situation now where they have entire uninhabited building complexes that have yet to be marked to market, and will probably ultimately be demolished. But at least in Spain, even though it was a construction boom, it was engineered by developers in Spain, and not by some manufacturing outfits like those in China.

So, multiply the bad business project factor by ten and you get an understanding of the magnitude of bad loans on the books of Chinese banks. The problem is being further exacerbated by the practice similar to Spain`s of banks making additional loans to the businesses just so that they can then turnaround and pay back the interest owed on the original loans.

The only way this would work out is if these projects magically develop revenue streams. Unfortunately, in the case of Spain, a 20% unemployment rate, coupled with a still overvalued housing market in which prices still need to come down significantly, would suggest that by the time the Spanish economy recovers enough to support the excess inventory, the abandoned projects are run down and uninhabitable.

A similar scenario could play out in China as well.

True Smart Money Wary of the Write-off Domino 

Furthermore, China`s practice of overbuilding at the height of real estate valuations makes even haircuts on loan write-offs an untenable practice for banks, and by further throwing good money after bad, the ultimate mark- to-market effect could be catastrophic for Chinese Banks.

This is the main reason all the major Chinese banks have gone to the market in 2010 to raise more capital before investors wise up to the underlying deficits these banks face, as these bad loans eventually would need to be written off the books.

Victor Shih, a Northwestern University professor estimates that Chinese local governments borrowed some 11.4 trillion renminbi at the end of 2009, and that local government financing loans to be roughly one-third of China's 2009 GDP. 

Shih reckons the most likely scenario over the next few years is that there would be increases of non-performing loans ratio from local governments. This would require a large scale of recapitalization of the Chinese banking system, which would eat up a large share of China's foreign exchange reserves and possibly slow down growth.

I do believe Beijing is quite capable of  a few bailouts and surviving a widespread banking crisis, but this most definitely will not bode well for the financial markets.  That's most likely why you see insiders removing capital from direct exposure to the inevitable re-pricing that will happen throughout Chinese markets from real estate to the stock market. 

This can be seen at this early stage by the underperformance of the Chinese stock market compared to other global markets. Remember, foreigners cannot invest directly in these markets, so these capital outflows are truly the smart money.

Logistic Gridlock Crimping the Middle Class

Next let`s look at the recent news regarding a severe cutback in automobile registrations in Beijing to 240,000 in 2011 from 700,000 registered in 2010 by the municipal government. Other large cities in China are bound to follow. This is most likely related to the reported 9-day traffic jam on the Beijing-Tibet expressway in August, and other extended traffic jams throughout China in 2010.

China is trying to build infrastructure projects after the fact; whereas with proper central planning these should have been established far ahead of the massive transition from a rural, agricultural based populous to that of a modern, large city based business and manufacturing concentration.

Simply put, it is impossible for all the Chinese citizens who want and can afford automobiles to be able to own and utilize this form of transport without a total breakdown in the transportation system. We are seeing the early stages of complete and counterproductive gridlock in the transportation system of China, and it is only going to get worse over the next decade.

No Jobs for College Grads

For all the talk about how China graduates more engineers each year, and other college educated young people who have strong backgrounds in the hard sciences than most developed nations combined, this is actually another sign of problems to come over the next decade in China.

China`s wealth and emergence into the second largest business economy hasn`t been built around the need for these types of mind and skill set. So literally you have a large mismatch between the types of available jobs in China, that are supported by the heavy manufacturing and construction intensive focus of the past twenty years, to that of the recently educated pool of graduates who have grown in sizable numbers over the past five years.

The Mind Is A Terrible Thing To Waste

This results in a large human asset class that China is currently wasting, as most of the newly educated workforce is working in jobs which require little or no advanced education at the university level. So you have highly educated university graduates in areas like engineering and accounting working low level service and sales jobs that pay less than many manufacturing jobs.

In short, there are too many highly educated Chinese citizens graduating each year for the number of jobs available needing their skill set because China`s economic model isn`t built around these type of jobs. This type of misaligned employment outcomes never ends well; it usually manifests itself in increased civil and social unrest.

8% Inflation in 2011

The next major challenge for China is a skyrocketing inflation, which at its root is the fact that there are too many people chasing too few resources. This fundamental flaw in population dynamics underpins many of the problems that China faces going forward.

Recent CPI data for November illustrates the inflation problem in China with a reading of 5.1% from a year ago comparison, this is up from a 4.4% reading for the previous month. Couple this with the latest 4% hike in fuel prices in China because of rising oil prices, you could expect future CPI and PPI reports to reflect even higher rates of inflation.

For now, most of the year over year spike has revolved around higher food prices as energy has mainly been flat for 2010 thanks mostly to government subsidies. Now that energy prices have entered the picture, China will start to experience even more inflation pressures in 2011. 

Furthermore, with the undervalued yuan pegged to the dollar, it is only getting worse for China in 2011 due to Fed's QE2 pressures on the dollar.  The real inflation rate for Chinese citizens for 2011 will probably approach 8% next year.

An Asian Contagion by China?

This escalating inflation concern is further compounded by Beijing's lack of decisive action to combat the problem by delaying a much needed currency appreciation, and hiking interest rates in a timely fashion. There is no getting around the fact that these two things need to occur as soon as possible.

By the time the Chinese government is forced to implement these tightening tools, the damage to the economy is most likely already done. The longer China delays the inevitable serious tightening measures, the harder the economic crash that will occur in the aftermath of these policy changes. And it is unlikely to end well. The resultant impact will probably take the rest of the Asian economies down with it – an Asian Contagion scenario.

History Repeats Itself

Eventually central planners and finance ministers around the world might start to understand that policies which lead to bubbles being formed in the first place are counterproductive in the long run. But until that lesson is learned, it seems like we are doomed to repeat the same mistakes over and over again.

Right now, there are more and more signs coming out of China that all is not well with its economy, and the likelihood of a more severe downturn in the future is a distinct possibility, unless its policy makers take decisive and prudent actions to minimize the damage of a hard landing.    


Dian L. Chu, Dec. 25, 2010 | Mobile Reader, Website | Google Profile
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Monday, 10 January 2011

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Best Mobile Personal Finance Tool?





Earlier this year we took a look at best money management web sites, but often, tracking money on-the-go is just as important. What's your favorite tool for managing your money on the go?

Photo by Erik Hersman.


Whether you're using a mobile-optimized web site or an application specific to the iOS, Android, BlackBerry, and so on, we want to hear from you. What mobile money management tool makes it easy to manage your money when you're away from your computer?


Hive Five nominations take place in the comments, where you post your favorite tool for the job. We get hundreds of comments, so to make your nomination clear, please include it at the top of your comment like so: VOTE: Mobile Personal Finance Tool. Please don't include your vote in a reply to another commenter. Instead, make your vote and reply separate comments. If you don't follow this format, we may not count your vote. To prevent tampering with the results, votes from first-time commenters may not be counted. After you've made your nomination, let us know what makes it stand out from the competition.


About the Hive Five: The Hive Five feature series asks readers to answer the most frequently asked question we get: "Which tool is the best?" Once a week we'll put out a call for contenders looking for the best solution to a certain problem, then YOU tell us your favorite tools to get the job done. Every weekend, we'll report back with the top five recommendations and give you a chance to vote on which is best. For an example, check out last week's Five Best Resources for Free Games.





Send an email to Jason Fitzpatrick, the author of this post, at jason@lifehacker.com.






The theory is simple: "If you don't have the money, don't charge it. Try to leave your credit card at home and only use it to pay bills," advises April Lewis, director of education for Consolidated Credit Counseling Services. Then immediately pay off your credit-card balance. As for old credit-card debt, sit down and commit to paper a plan for paying them off. Go for a quick hit, like paying off the smallest balance first, or decide to take on the highest rate card first. Get the job done.

Here's a second tip: Be proactive about managing your credit. Call up your lender and ask it to lower your interest rate. Usually, lenders will lower callers' rates by 2% to 3%, says Scott Gamm, founder of HelpSaveMyDollars.com. Also check your credit report. You can check your credit for free at annualcreditreport.com, for example. If you see mistakes, contact the credit agencies and get those mistakes corrected. If errors are dragging down your score, eliminating them can boost it to where it belongs and make you eligible for better rates.

2. Think automation

Free online banking tools can make it easier to manage your finances with less work. To help grow your savings, for example, you can schedule regular transfers from your checking account. Manisha Thakor, author of Get Financially Naked: How to Talk Money With Your Honey, suggests setting up the transfer of a set amount of money into your savings account every pay day.

Also automate recurring bill payments so you never miss a due date or pay a late fee, which sends money down the drain. Even without late fees, timely payments are key: 35% of your credit score is based on your ability to make payments on time. If you sign up for automatic payments, however, make sure to check your monthly bills for errors. One other caveat: "Make sure you have enough cushion in your checking account to avoid any overdrafts" before setting up auto-payments, money coach Lora Sasiela says.
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Friday, 7 January 2011

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Today, an SEC filing revealed that Solar Power Technologies raised $6.08 million for technology that helps wirelessly measure, manage and optimize the performance of large, solar power generating systems. Investors included Austin Ventures and Oxantium Ventures, the filing said.


The company claims its technology enables commercial solar arrays to harvest 15 to 20 per cent more total power over a 20 year lifespan than they would otherwise.


The system works, Burgess explained, by alleviating something called the “christmas tree light problem,” where panels in a solar array only harvest and output as much power as the weakest one in the chain.


SPT’s Clarity system includes the installation of small controllers behind panels within the array. The controllers identify a weakened panel or any other constraint or restriction in the system, then boost up the outputs of capable panels around it.


As Todd Woody noted today in a piece for Sustainable Industries: one large solar power plant can cost more than $2 billion to build in the U.S. making productivity-spiking technology (like SPT promises) sound at the very least attractive for companies that laid out so much cash to go solar, and want to get every last watt of renewable power that they can for their money.


The company’s chief executive, Ray Burgess, reported Monday that SPT will advance to a commercial launch by mid-year. The startup is currently working on field trials of its Clarity-brand monitoring and optimizing system with potential customers, namely utilities based in the southwestern United States.


Burgess said:



“We have the ability to give [customers] insight into how [their] large-scale solar arrays perform, and help them harvest and put out more power under all conditions.


There are some estimated 200 million solar photovoltaic panels installed around the world right now. Probably 20-30% of the power they could be generating now is lost before it ever gets to the grid. Maintenance of all that equipment is a challenge.


These are huge financial matters if nothing else for utilities and for commercial renewable energy.”


SPT plans to use its new-found capital to: complete its field tests; attain various safety and environmental certifications; ramp up its production; hire personnel to expand its sales footprint to Europe and Asia by the end of 2011; and to develop technology that works beyond crystalline solar panel arrays with CIGS, thin-film and concentrated photovoltaics.


Utilities may use each of these technologies in the field, SPT anticipates, depending on everything from costs to improvements in efficiency conversion rates.










On every user-profile page, you will now find a "Donate" button. Click it and you can give some of your available means away. This donation can be made anonymously.



As we suggested last month, Flattr's new feature will likely benefit WikiLeaks, as Flattr remains one of the only ways to make a donation to the site now that PayPal, Visa and MasterCard have closed those paths to funding. Beyond the support for WikiLeaks, Flattr has developed a small but thriving network of users: since opening its beta, it has gained 46,056 registered users and has passed more than €114,057 through its peer-to-peer payment system.



If you're still looking for more ways and more things to Flattr, a developer has taken Flattr's API and built Flattr4Android, a tool that will let users scan a QR code off-line. This code is tied to a Flattr account, making it easy for you to submit and flattr content via your mobile phone.



With these changes, Flattr address two things poised to be big trends this year: the growth of mobile money and expansion of peer-to-peer networks.












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<b>News</b> - See Natalie Portman&#39;s Dazzling Engagement Ring! - Style <b>...</b>

Check out her rock, plus get new details on how her pregnancy was "a shock"

More Staffing <b>News</b> at the White House - Political Punch

The president's new staff is falling into place, though White House officials say the search for the replacement for departing press secretary Robert Gibbs is just beginning. At a manufacturing plant in Maryland today, the president ...

Huffington Post: Reinventing the “Big <b>News</b>” Experience with IE9 <b>...</b>

Huffington Post is a leading social news and opinion site, "The Internet Newspaper." They want to serve their customers relevant and timely “Big News” content and get them engaged to respond through blogs and social posts. ...


Thursday, 6 January 2011

People Making Money Online



(Yes, I really want to start using the word ‘pivot’ in more headlines in 2011 – it’s one of my New Year resolutions).


ZapTunes.com is a gigantic scam. They used to trick people into believing they could sign up for the service – handing over their credit card details in the process – and instantly gain access to an online music catalog of more than 8 million DRM-free songs they could legally download. For $25 a month.


Of course, the ‘startup’ was quickly and diligently called out for being a devious fraud, by TorrentFreak for one. Of course, it wasn’t so hard to identify ZapTunes as a huge scam – they were stupid enough to claim they’d signed a licensing deal that enabled it to offer music from The Beatles (this was way before Apple got to that point).


Anyway, they announced their shutdown just months after launching, to no one’s surprise but undoubtedly not after taking some gullible people’s money.


In their own press release, they stated that “from the very first day of its launch, ZapTunes had been struggling against numerous DMCA complaints and lawsuits that were brought against it by a handful of label companies”.


This morning, however, the fraudulent company announced its return, this time billing itself as a social music discovery network. They will stop offering free music downloads, and all existing subscriptions are to be canceled as soon as the new website is launched.


Although ZapTunes mentions how it has struggled to “get to a point of profit” to date, the company says it has attracted 25,000 subscribers to its free music download service, which, again, sets those users back $25 per month.


I sincerely hope that, too, is a lie, and far fewer people got tricked by these fraudsters.


The reason for this post is simple: I want as many people as possible to land on this blog post or the ones I linked to above when doing a search for ZapTunes, in the hopes of making them realize they should stay far, far away from it.



No one at Trion Worlds has promised that the company’s first fantasy role-playing online game, Rift: Planes of Telara, will be a World of WarCraft killer. Indeed, many makers of massively multiplayer online games have tried to knock out Blizzard Entertainment’s online subscription game, but WoW has ruled for six years and it just got a major upgrade with World of WarCraft: Cataclysm, which sold 3.3 million units in a day. But that doesn’t intimidate the folks at Trion Worlds, which has raised more than $100 million and has more than 200 people working on a variety of MMOs. Of course, beating WoW is the ultimate prize, since WoW has more than 12 million paying subscribers and it generates more than $1 billion in revenue per year for Activision Blizzard.


Rift is in the midst of closed beta testing, and I’ve had a look at the beta version up close. The graphics are beautiful and the unscripted dynamic events, where the world can change in an instant, are working as advertised. We had a chance to catch up with David Reid, head of marketing at Trion Worlds in Redwood City, Calif. (and former marketing chief for Microsoft’s Xbox 360) about the upcoming game, and here’s what he had to say:


VB: You’ve been working for a long time on this game — more than five years. What are you doing with the beta testing now?


DR: The beta process is about testing scalability. How many players can we support? It’s about getting some feedback from a number of real users so that we can tune some of these last knobs. But in a lot of ways, beta will be almost like a launch for us. We know that a number of MMO companies have made the mistake of going out with the beta with a product that really should not have been characterized as a beta. They paid for it. We are not doing that kind of a beta. [Laughs]


VB: You’re getting close to release?


DR: We feel like we are very close to release-level quality. We are tuning. We are polishing. We are scaling.


VB: So after five years, you’re not making money on this game yet.


DR: Not yet, but really darn soon. What day of the month is it?


VB: How will the launch proceed?


DR: Here’s probably how it works. The best game companies launch their newest titles with a presale program. That is the point where the consumer can put money down for the game. Technically, when that happens, the game won’t be formally live. It will still be in testing. But we are going to treat it as if it were the real launch. We will have 24/7 support in all languages. We will treat these players as if they are paying customers. We’re very close to that right now. We’ll open it up to the public for a large beta test soon.


VB: At that point, you will have tens of thousands of people playing?


DR: Absolutely. I can’t disclose specific numbers of the beta, but we are in the midst of some very large beta test events now and we just keep scaling it up. The first beta event was just the data center in Dallas, and so Europeans were in the beta, but they were playing on Dallas servers. We are opening a data center in Amsterdam for the European users. Operationally, that’s very important for us. We’ll bring up the different languages over time.


VB: The whole idea of a “Rift” is that you can open up a portal into the world and flood it with monsters. Then the players all go to that area and fight off the invasion. How many people can you concentrate in one place in the world?


DR: That’s a question with many potential answers. Because there’s the geographic point of it and then there is the hardware server part of it. The servers have multiple sections, or shards. Right now, we are figuring out how many people on a shard is too many. But what is unique about our game is that you can have a very large number of players all in one place and you can interact with all of them. You don’t have to worry that you can’t find your friends because they are in a different region or a different server. When a Rift opens, it is a dynamic event. The Rifts can happen in any geographic location and you can have lots of them at once. We have shown in our beta testing that all of that is working properly. We will ramp this up to an industrial scale.


VB: Is the game designed to be split into shards at all?


DR: It is a game with shards. But we are being very careful about not locking people to particular servers and things like that. MMOs have always had that kind of problem. MMO’s, by their nature, are incredibly social experiments, right? And people in Europe want to play with people in North America, and people in North America want to play with people in Australia, and that’s just how these communities have been built online as opposed to a pick-up basketball game in your neighborhood.


So if you lock those servers and you’re not letting those people play with friends, then you are, by definition, fracturing those communities. We have to do this well because we are going into a territory where there are well-established brands that already have communities rallied around them. We want to win with the people who play these games regularly. If they have a guy in their group who is in New Zealand, you have to bring them all into the game together. This is something we’ve been really focused on.


VB: So you can manage this game by throwing in more servers when you have peak usage?


DR: In full transparency, I’m probably not the ideal guy to answer that level of question. But what I can tell you is that we do have with both the Dallas data center and the Amsterdam data center. We have servers operating in a beta process and we can fire more of them up as the population grows. We can add more firepower to the servers if there are more people or if we are going to amp up the events in the game, such as create sharper artificial intelligence, better physics, or more Rifts. One thing we are looking at is how many Rifts should be occurring in a given zone of the game so that a player can feel like they have a lot to choose from. What level of that is fun? One thing we want to communicate to the player is that they will start with all of the features that they expect to have in a AAA quality game. You have your zones, dungeons, quests, character classes, fashions, monsters — and on top of that is this dynamic layer where the Rifts open in the world and change the environment of the game dynamically. The dynamic layer is what causes the social play, because you have to rally with your friends to stop the Rifts. It impacts your decisions as a gamer and the decisions of the groups of gamers as well.


VB:  What is your marketing message these days about your game being the “WOW killer”?


DR: Well, to be clear, no one in Trion has ever said that, and I don’t think anybody in Trion ever will. If you look at the lineage of great MMOs, starting with Ultima Online, you see generational improvements. Ultima Online was the first commercial success in the MMO business, but it was two-dimensional and weighted toward players fighting other players. That wasn’t much fun for the new players. EverQuest came along with 3D animation and players fighting against the environment. It was a real commercial success and it was prettier. Still, it had its bugs. World of WarCraft came along in 2004. It was an improvement on what came before and it was very polished. Within that game, you could have some great solo experiences. Other games have tried to emulate it.


We think of Rift as the next step in that evolution of product. We’ve taken a look at what World of WarCraft and others in that generation of MMOs have done and done really well. There were really innovative things that happened in Warhammer Online and in the Age of Conan. But those two products, in particular, didn’t, of course, capture everything that a World of Warcraft player was looking for. The players didn’t migrate from WoW.


In part, Rift is our love letter to the players who played the games that came before us. We love those games and we think this is the next generation, much like players move on to a new console with every generation.


VB: So WoW just went through that big change with Cataclysm. I guess you can do the same kind of upgrade just about every day?


DR: Yes. And that is a bit of what the engine of the Rift game and our End of Nations game is about. For all of the interconnected play that you have in an MMO, those worlds are still remarkably static. There isn’t much to do until a patch or a giant expansion comes out. And what the portal mechanic in Rift does is add a level of real life variability. It’s the first time really that in an MMO, you have the beginnings of emergent game play of things that will happen in this game that the developers aren’t able to predict and that the players are going to have a real hand in deciding. If a Rift opens on a town, you can help save it or you can wait for it to do its work.


VB: Is the audience for these games as large as ever, or are the free games sucking out a lot of the paying players?


DR: It has been fun to watch the industry evolve. We sit right here next door to one of the world’s largest publishers (Electronic Arts). Those kinds of publishers are putting  a lot of focus on what I’ll call the shallow end of online gaming: the casual, the mobile, the social. Those are all really fine businesses, but at the end of the day, we still think that it is the gamer who spends the most money especially in tough economic times. These are people who will forego other things and will eat ramen noodles for weeks if that’s what it takes to pay for their Xbox Live subscription or their MMO subscription. That audience is very demanding. For them, you have to build a great, immersive product. In the past couple of years, the MMO businesses have not served this customer well. They have launched games that needed more time or innovation or just better quality.


We are capitalized well enough here that we’re not making that same mistake. As I said, for us, the beta test is really like a launch in a lot of ways. We’re not bringing a half-finished product to market.


VB: You made a reference to All Points Bulletin, which failed miserably after five years of development. You don’t interpret that failure as bad for the whole MMO market?


DR: No, we don’t. I think a lot of people could see those things coming and it wasn’t just APB. Final Fantasy XIV had a very rough start. There are other games over the past few years. It isn’t that the market isn’t there. It just comes down the fact that if you have quality product, gamers are willing to pay for it. But don’t try to convince them your product is high quality and charge them a high price if it’s not. That is the road to death.


VB: Are you tempted to play around with different business models because the industry has changed so much?


DR: Sure. There is a lot to think about there. It is, you know, from a business perspective, a very exciting time. Innovation is important, in both the game, the marketing and the business model. With Rift, we will use the standard approach. We will sell a premium product in digital form as a download or in a retail store. We will charge an appropriate price and have a monthly service fee that you pay after your first 30 days have passed.


VB: You have developed a flexible server infrastructure for your game. How will you make use of that?


DR: We can do updates. We will do some handcrafted design and launch it on a regular basis. But we can also change just a bit every single day, every couple of hours, whatever, as players react to and encounter dynamic content. Now, we have big plans on this front because this is part of what’s really new and special about what we’re doing. Those plans are nothing I can talk directly about yet, but I will tell you that it is something that makes you think hard about how the customer encounters your product and experiences it. There are critical moments in a consumer’s mindset of, ‘Am I having enough fun to continue paying for this game?’ and we think very hard about when to uncork more awesomeness in our dynamic layer of things to satisfy a very difficult customer who is used to some very high quality product.


VB: I saw a report that said someone had reached the highest level possibly in Cataclysm on the day it came out.


DR: That kind of gamer is going to be part of our audience. I am not surprised. Again, it only added five new levels. I’m impressed with that player, but I’m not shocked. People take a lot of pride in being the first to race through the content. As a publisher, that terrifies you. It means your work is never done. But it’s also something you admire in the audience.


VB: So, that’s the kind of thing you will be ready for?


DR: It is different for us. We have a very different kind of MMO with dynamic content. When you hit the highest level, you haven’t finished all the content. When you hit our level cap, you don’t have to leave the game. The challenge for the publisher is that once someone hits the highest level, they will still have awesome game play experiences.


VB: If you look back on the five-plus years, how would you say you made good use of that time? Sometimes when a game takes that long to finish, it’s a bad sign because of the cost overruns or because the design becomes outdated.


DR: That’s right. It’s a hard business, right? And you look back and there’s probably any number of small things you look at and say, “Yes, we could have squeezed that a little more efficiently. But a large amount of what you get with the time and the financing that the time gives you is the ability to bring in a great team of people. Then you give them the time to get the chemistry right and build what they want to build. The soul of this product is the ambition behind it and the polishing that has gone into making it right. You can’t do these games without huge investments, awesome talent, and a lot of time. For venture financing, $100 million sounds like a lot. But these are really ambitious projects, and you have to be in this league to be competitive. We have used that money to build not one game but to commission a number of games that are all very groundbreaking.


VB: Did you guys get some benefit from seeing Blizzard’s leaked release schedule?


DR: It got headlines everywhere and we looked at it like everyone else. But I don’t think we would change any of our plans based on internet rumor.


Check out a video recording of one of the unscripted Rift scenes in action below.



Next Story: Where will the location superstars check in this New Year’s? Previous Story: Founder Institute’s Adeo Ressi says you can’t teach entrepreneurship (video)




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This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


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Putting our Accessibility Heads Together - openSUSE <b>News</b>

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More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

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This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


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Putting our Accessibility Heads Together - openSUSE <b>News</b>

Categories. Announcements Build Service Derivatives Distribution Education Event Calendar Events Infrastructure Marketing People of openSUSE Project Sneak Peeks Uncategorized Weekly News Wiki ...

Major Deal: Fashionista Readers Recieve 20% Off Chanel at <b>...</b>

More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

U.S. Health Expenditures Increased 4% In 2009 - Kaiser Health <b>News</b>

This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


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Putting our Accessibility Heads Together - openSUSE <b>News</b>

Categories. Announcements Build Service Derivatives Distribution Education Event Calendar Events Infrastructure Marketing People of openSUSE Project Sneak Peeks Uncategorized Weekly News Wiki ...

Major Deal: Fashionista Readers Recieve 20% Off Chanel at <b>...</b>

More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

U.S. Health Expenditures Increased 4% In 2009 - Kaiser Health <b>News</b>

This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


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Putting our Accessibility Heads Together - openSUSE <b>News</b>

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Major Deal: Fashionista Readers Recieve 20% Off Chanel at <b>...</b>

More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

U.S. Health Expenditures Increased 4% In 2009 - Kaiser Health <b>News</b>

This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


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Putting our Accessibility Heads Together - openSUSE <b>News</b>

Categories. Announcements Build Service Derivatives Distribution Education Event Calendar Events Infrastructure Marketing People of openSUSE Project Sneak Peeks Uncategorized Weekly News Wiki ...

Major Deal: Fashionista Readers Recieve 20% Off Chanel at <b>...</b>

More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

U.S. Health Expenditures Increased 4% In 2009 - Kaiser Health <b>News</b>

This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


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Putting our Accessibility Heads Together - openSUSE <b>News</b>

Categories. Announcements Build Service Derivatives Distribution Education Event Calendar Events Infrastructure Marketing People of openSUSE Project Sneak Peeks Uncategorized Weekly News Wiki ...

Major Deal: Fashionista Readers Recieve 20% Off Chanel at <b>...</b>

More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

U.S. Health Expenditures Increased 4% In 2009 - Kaiser Health <b>News</b>

This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


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Putting our Accessibility Heads Together - openSUSE <b>News</b>

Categories. Announcements Build Service Derivatives Distribution Education Event Calendar Events Infrastructure Marketing People of openSUSE Project Sneak Peeks Uncategorized Weekly News Wiki ...

Major Deal: Fashionista Readers Recieve 20% Off Chanel at <b>...</b>

More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

U.S. Health Expenditures Increased 4% In 2009 - Kaiser Health <b>News</b>

This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


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Putting our Accessibility Heads Together - openSUSE <b>News</b>

Categories. Announcements Build Service Derivatives Distribution Education Event Calendar Events Infrastructure Marketing People of openSUSE Project Sneak Peeks Uncategorized Weekly News Wiki ...

Major Deal: Fashionista Readers Recieve 20% Off Chanel at <b>...</b>

More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

U.S. Health Expenditures Increased 4% In 2009 - Kaiser Health <b>News</b>

This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


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Putting our Accessibility Heads Together - openSUSE <b>News</b>

Categories. Announcements Build Service Derivatives Distribution Education Event Calendar Events Infrastructure Marketing People of openSUSE Project Sneak Peeks Uncategorized Weekly News Wiki ...

Major Deal: Fashionista Readers Recieve 20% Off Chanel at <b>...</b>

More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

U.S. Health Expenditures Increased 4% In 2009 - Kaiser Health <b>News</b>

This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


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Putting our Accessibility Heads Together - openSUSE <b>News</b>

Categories. Announcements Build Service Derivatives Distribution Education Event Calendar Events Infrastructure Marketing People of openSUSE Project Sneak Peeks Uncategorized Weekly News Wiki ...

Major Deal: Fashionista Readers Recieve 20% Off Chanel at <b>...</b>

More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

U.S. Health Expenditures Increased 4% In 2009 - Kaiser Health <b>News</b>

This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


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Putting our Accessibility Heads Together - openSUSE <b>News</b>

Categories. Announcements Build Service Derivatives Distribution Education Event Calendar Events Infrastructure Marketing People of openSUSE Project Sneak Peeks Uncategorized Weekly News Wiki ...

Major Deal: Fashionista Readers Recieve 20% Off Chanel at <b>...</b>

More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

U.S. Health Expenditures Increased 4% In 2009 - Kaiser Health <b>News</b>

This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


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Putting our Accessibility Heads Together - openSUSE <b>News</b>

Categories. Announcements Build Service Derivatives Distribution Education Event Calendar Events Infrastructure Marketing People of openSUSE Project Sneak Peeks Uncategorized Weekly News Wiki ...

Major Deal: Fashionista Readers Recieve 20% Off Chanel at <b>...</b>

More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

U.S. Health Expenditures Increased 4% In 2009 - Kaiser Health <b>News</b>

This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


surface encounters michigan
surface encounters rock tops

Putting our Accessibility Heads Together - openSUSE <b>News</b>

Categories. Announcements Build Service Derivatives Distribution Education Event Calendar Events Infrastructure Marketing People of openSUSE Project Sneak Peeks Uncategorized Weekly News Wiki ...

Major Deal: Fashionista Readers Recieve 20% Off Chanel at <b>...</b>

More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

U.S. Health Expenditures Increased 4% In 2009 - Kaiser Health <b>News</b>

This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


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Putting our Accessibility Heads Together - openSUSE <b>News</b>

Categories. Announcements Build Service Derivatives Distribution Education Event Calendar Events Infrastructure Marketing People of openSUSE Project Sneak Peeks Uncategorized Weekly News Wiki ...

Major Deal: Fashionista Readers Recieve 20% Off Chanel at <b>...</b>

More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

U.S. Health Expenditures Increased 4% In 2009 - Kaiser Health <b>News</b>

This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


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Putting our Accessibility Heads Together - openSUSE <b>News</b>

Categories. Announcements Build Service Derivatives Distribution Education Event Calendar Events Infrastructure Marketing People of openSUSE Project Sneak Peeks Uncategorized Weekly News Wiki ...

Major Deal: Fashionista Readers Recieve 20% Off Chanel at <b>...</b>

More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

U.S. Health Expenditures Increased 4% In 2009 - Kaiser Health <b>News</b>

This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


surface encounters macomb mi
surface encounters rock tops

Putting our Accessibility Heads Together - openSUSE <b>News</b>

Categories. Announcements Build Service Derivatives Distribution Education Event Calendar Events Infrastructure Marketing People of openSUSE Project Sneak Peeks Uncategorized Weekly News Wiki ...

Major Deal: Fashionista Readers Recieve 20% Off Chanel at <b>...</b>

More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

U.S. Health Expenditures Increased 4% In 2009 - Kaiser Health <b>News</b>

This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


surface encounters macomb
surface encounters michigan

Putting our Accessibility Heads Together - openSUSE <b>News</b>

Categories. Announcements Build Service Derivatives Distribution Education Event Calendar Events Infrastructure Marketing People of openSUSE Project Sneak Peeks Uncategorized Weekly News Wiki ...

Major Deal: Fashionista Readers Recieve 20% Off Chanel at <b>...</b>

More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

U.S. Health Expenditures Increased 4% In 2009 - Kaiser Health <b>News</b>

This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


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Putting our Accessibility Heads Together - openSUSE <b>News</b>

Categories. Announcements Build Service Derivatives Distribution Education Event Calendar Events Infrastructure Marketing People of openSUSE Project Sneak Peeks Uncategorized Weekly News Wiki ...

Major Deal: Fashionista Readers Recieve 20% Off Chanel at <b>...</b>

More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

U.S. Health Expenditures Increased 4% In 2009 - Kaiser Health <b>News</b>

This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


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Putting our Accessibility Heads Together - openSUSE <b>News</b>

Categories. Announcements Build Service Derivatives Distribution Education Event Calendar Events Infrastructure Marketing People of openSUSE Project Sneak Peeks Uncategorized Weekly News Wiki ...

Major Deal: Fashionista Readers Recieve 20% Off Chanel at <b>...</b>

More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

U.S. Health Expenditures Increased 4% In 2009 - Kaiser Health <b>News</b>

This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


surface encounters macomb
surface encounters rock tops

Putting our Accessibility Heads Together - openSUSE <b>News</b>

Categories. Announcements Build Service Derivatives Distribution Education Event Calendar Events Infrastructure Marketing People of openSUSE Project Sneak Peeks Uncategorized Weekly News Wiki ...

Major Deal: Fashionista Readers Recieve 20% Off Chanel at <b>...</b>

More good news: It works for the entire site, just in case you see something that isn't Chanel that you've got to have. And if that wasn't enough to tempt you, Decades2.1 is doing another Chanel event with flash sales site HauteLook ...

U.S. Health Expenditures Increased 4% In 2009 - Kaiser Health <b>News</b>

This increase represents the smallest one in at least a half a century. At the same time, however, medical costs ate up a record share of the overall economy.


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