Archive for December 22nd, 2011

Is fracking environmentally safe?
That’s a key question surrounding the fast-growing method of gas and oil extraction-and one that’s triggered debate since the process became more economically viable.It isn’t hard to see where the concerns come from: The fracking process involves injection of fluids-mostly sandy water, but some chemicals as well-to bore holes in rock, releasing trapped gas and oil. The fluids are then pumped out of the well, treated and disposed (or possibly, reused). Few take issue with the injected water and sand. But the chemicals have long been a source of…

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Follow Yahoo!’s The Daily Ticker on Facebook here! 2011 was not a particularly good year for Brazil, Russia, India and China, a.k.a. the BRICs. The iShares ETFs for China and Brazil are down about 20% each this year while the Market Vectors Russia ETF is down almost 30% and The Indian Fund is down about [...]

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Follow Yahoo!’s The Daily Ticker on Facebook here If this year is anything like last, baby boomers and older Americans should be on guard this holiday season. Instances of financial abuse and fraud against the elderly increased from November 2010 to January 2011, according to a recent report from MetLife, which found overall investment fraud [...]

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Follow Yahoo!’s The Daily Ticker on Facebook here! If this year is anything like last, baby boomers and older Americans should be on guard this holiday season. Instances of financial abuse and fraud against the elderly increased from November 2010 to January 2011, according to a recent report from MetLife, which found overall investment fraud [...]

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Regular readers will know that I’m a strong believer in open standards.  I think they provide the best platform for innovation and are the best protection against monopolists.  Hence I would love it if the open web prevailed, and the rising power of gatekeepers like Apple, Amazon, Facebook and even Google annoys me as a consumer and worries me as an investor.

The future of the web has been the topic of much debate since Forrester CEO George Colony predicted the end of the web and an era of the ‘app internet’ in his talk at Le Web earlier this month.  Fred Wilson, Mark Suster and others came out in defence of the web, but it seems to me that the commentary has been largely one sided.  Perhaps that is unsurprising given that as VCs and bloggers most of us have benefited hugely in the past from the open web and stand to continue to benefit into the future.

However, even though the open web is better, it won’t necessarily prevail.  In a great post last September Joe Hewitt set out why.

Firstly, at the most basic level the web is just a collection of protocols and languages.  It has no unique characteristics that assure it a permanent place in our information architectures:

The HTML, CSS, and JavaScript triumvirate are just another platform, like Windows and Android and iOS

Secondly, there are plausible non-web visions of the future:

I can easily see a world in which Web usage falls to insignificant levels compared to Android, iOS, and Windows …. The Web will be just another app that you use when you want to find some information, like Wikipedia, but it will no longer be your primary window. The Web will no longer be the place for social networks, games, forums, photo sharing, music players, video players, word processors, calendaring, or anything interactive. Newspapers and blogs will be replaced by Facebook and Twitter and you will access them only through native apps. HTTP will live on as the data backbone used by native applications, but it will no longer serve those applications through HTML.

An alternative non-open web vision of the future is one in which access to services is controlled by an oligopoly consisting of Apple, Amazon, Google and Facebook.

I don’t come with any solutions, but rather with a request that we all remain open to a full consideration of the strengths and weaknesses of the open web, and of alternative models – there can be no sacred cows.  That way we will have a better chance of preserving what is really important – and that is open and even access to content and distribution for consumers, and by extension for startups.

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When you think of Republican congressman Paul Ryan, terms like earnest, serious, and important come to mind. So does the term old-fashioned. Ryan comes from an old-fashioned place, the blue-collar town of Janesville, Wisconsin. He cherishes the old-fashioned values of a faithful family man. He even looks old-fashioned, with his white shirts and striped ties. And he uses old-fashioned argument skills, persuasively weaving big-picture themes with the numbers that back them up.
And Ryan has old-fashioned goals, too, like saving America from fiscal bankruptcy, economic stagnation, and a…

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Follow Yahoo!’s The Daily Ticker on Facebook here! As 2011 comes to a close, the Consumer Financial Protection Bureau, created in the wake of the financial crisis, remains without a director. It is still trying to do its best at protecting you, the consumer. Since the agency officially opened its doors at the end of [...]

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Follow Yahoo!’s The Daily Ticker on Facebook here! It should come as no surprise that Jim O’Neill, the Goldman Sachs executive who coined the “BRIC” concept a decade ago, still defends these countries (Brazil, Russia, India and China) as the world’s growth engine. In his latest book “The Growth Map” he delves into the story [...]

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