Archive for July 1st, 2009

WASHINGTON–With the Senate committees poised to consider versions of the expensive climate-change bill narrowly approved by the House of Representatives, it’s time for the country to take a fresh look at nuclear power, which already generates 20 percent of our electricity.
The Environment and Public Works Committee and the Finance Committee hope to finish drafting a bill before the August recess. Floor debate and a vote will come only after Labor Day, to be followed later in the autumn by House-Senate conference. Whatever the Senate finally does, the process will be contentious and…

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Caught between rising default rates and new legislation that will cap interest rates, banks are protecting profits by charging even their better customers more.

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patrickbyrneFirst Amazon paved the way for ecommerce sites like Overstock.com to exist and do business. Now it’s paving they way for them to stick it revenue-hungry state governments. Overstock today followed Amazon and severed links with affiliates in four states.

Residents of California, North Carolina, Hawaii and Rhode Island will no longer be receiving referrer payments for Overstock.com products sold through their websites. The whole issue revolves around sales tax.

The states want Overstock to collect sales tax when an affiliate sells an Overstock item, as if the affiliate was actually a physical store selling its products. Overstock and Amazon beg to differ, since the affiliates are just that– affiliates, not links in their supply and distribution chain.

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GDGT logoPeter Rojas and Ryan Block are back on the same website. As a recap, Rojas helped found Nick Denton’s Gizmodo, but then left to form Engadget, where he worked with Ryan Block. The fierce competition for scoops between the two sites is legendary. But now comes their new baby, GDGT.

Don’t bother clicking on the link right now, the site went down shortly after its launch. The site’s Twitter is fine though, and currently reads, “So the amount of traffic we’re getting is roughly 3-5x our ‘even-that-will-never-happen’ estimates… doing the best we can!”

Brad Stone at the Times says GDGT, “differs from Engadget or Gizmodo by aspiring to be a gadget-oriented social network. Users of the site can create profiles and specify which consumer electronics devices they have, had or want to buy.”

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Spam levels are up by 58% this quarter, and 6% since last year, says Google.

New players have caused both the level and types of spam to rise.

Google says this quarter, spammers went back to using old techniques like newsletter formats with malicious links, images and email attachments.

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It’s been more than a year since Bear Stearns imploded.  At the time, many Wall Street insiders thought that WAS the crisis.  Obviously, they were wrong.  So, what caused the crisis and what’s changed as a result?  That&rsq

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Meebo has launched a new ad format which guarantees advertisers that site visitors will spent at least 30 seconds on their ads, reports Reuters.

The ads will appear as icons on the Meebo toolbar which appears at the bottom of partner sites. Meebo says 85 Web sites have signed up to partner for this service, and AT&T and Toyota have signed up as customers. 

Users will have to click on the icons to view the 900×400 pixel ads, which might include video and games. Meebo believes that user engagements with these ads will be better because they must willingly click the icons to view the ads.

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TV.com's Richard LawsonGawker’s most popular writer Richard Lawson is going to CBS Interactive to write for TV.com, we’ve heard from a couple sources (including Richard).

At Gawker, Richard was known for his very long and very popular television show recaps so it’s probably a good fit.

Richard tells us:

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GGX CEO Hans PandeyaMore details are emerging about Global Gaming Factory X’s plans for the Pirate Bay following yesterday’s announcement of their $7.9 million purchase of the torrent site.

Already, GGX said they would find a way to compensate copyright holders whose works are traded on the site.

Now BusinessWeek reveals that the Pirate Bay plans to raise money by turning the spare bandwidth of their users into a commodity that they will sell to ISPs like Comcast and AT&T.

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Who says the Internet is dead?

Our crack investigative reporting team has learned that Gilt Groupe, a New York-based private-sale ecommerce company, has signed a term sheet with General Atlantic and Matrix to raise about $40 million at about a $400 million valuation.

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bing sopranosMicrosoft’s (MSFT) re-branded search engine Bing saw 8.23 % of all U.S. Web searches in its first month.

That’s up from 7.81 percent since it was released on June 3, 2009 says Reuters.

Meanwhile, Google’s (GOOG) share dropped a tiny bit to 78.48 percent, from 78.72 percent the previous month.

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Data. For LinkedIn founder Reid Hoffman, it’s the value of his creation, Facebook, Twitter and all the other social networking websites.

As a part of Nokia’s “Ideas Project,” he explains why. Watch:

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federer usopen

After we lit into NBC earlier for wrecking the Wimbledon quarterfinals (by showing finished matches on tape delay while other great matches were going on live), several readers pointed out that NBC is actually showing those matches live–on its web site.

Well, how about that?!

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The Walkman turns thirty today.

This week in 1979, Sony (TYO) did with the Walkman what Apple (AAPL) did with the iPod in 2001 - changed the way we listened to music forever.

Here’s what has happened since:

  • 1979 - The first Walkman, the TPS-L2PC was introduced. It cost $200. 
  • 1981 - A more stylish version of the TPS-L2, the WM-2 was introduced. It came in different colors.
  • 1983 - Sony introduced a smaller Walkman, the WM-20, it was as small as a cassette case.
  • 1984 - The CD Walkman was released for the first time, called the D-50.
  • 2000 - The NW-MS7 - the first Walkman to accept digital files was introduced.
  • 2001 - Apple introduces the iPod. BOOM!

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JESUP — Funding for a new City Hall is up in the air because residents want to have a say in the project.

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