Archive for August 23rd, 2012
Aug
23
2012
 
Google Crunches One Trillion Pieces of Data With Single ClickPosted by: wiredtechbiz in Wired Tech BizThere may be a piece of the future in a new Google research paper published earlier this month. It describes a tool capable of processing a trillion pieces of information with a single mouse click. According to the paper, this tool is 10 to 100 times faster than traditional databases that afford similar types of information analysis.
I’ve spent all summer telling myself that, as the season shifts, I’ll finally be able to spend a little less time in my car. Now, this was never anything more than wishful thinking on my part, but it’s the kind of lie we parents often tell ourselves to help us get by ? soon things will be less hectic and more structured. The truth? Right now it’s nearly a week into the school year, and I’ve spent just as much time (if not more) chauffeuring my children around and completing those dreaded daily errands.
Aug
23
2012
Facebook Tackles (Really) Big Data With ‘Project Prism’Posted by: wiredtechbiz in Wired Tech BizFacebook has built a software platform called Prism that can juggle data across data centers spanning the globe. And at some point, it plans to open source this mystery creation, sharing it with whoever wants it.
Aug
23
2012
Full Metal Jacket App: ‘Something Stanley Kubrick Would Be Proud Of’Posted by: wiredtechbiz in Wired Tech BizWhile filming Stanley Kubrick’s legendary war movie?Full Metal Jacket, actor Matthew Modine documented the whole process with a borrowed medium-format camera and a richly detailed diary. To mark the 25th anniversary of the film, he has released a?Kickstarter-funded iPad app?that offers a behind-the-scenes look at the making of the Kubrick classic.
Aug
23
2012
Romney’s Energy Plan Empowers States to Drill on Federal LandsPosted by: yahootechticker in Yahoo Tech TickerFollow The Daily Ticker on Facebook! Mitt Romney’s energy plan, unveiled Thursday in Hobbs, N.M., will establish America “as an energy superpower in the 21st century,” according to the 21-page report. “We have an unprecedented opportunity to make our natural resources a long-term source of competitive advantage for our nation,” Romney says in the report. [...] Twitter continues its API crackdown, this time cutting off Tumblr, which is no longer allowed to offer its users a “Find Twitter Friends” search feature.
Aug
23
2012
The Middle Class Is Broke: Pew Study Reveals Real Problem With EconomyPosted by: yahootechticker in Yahoo Tech TickerOne of the most important stories in the U.S. economy these days is the rise of extreme inequality. Over the past 30 years, a larger and larger portion of America’s income growth has gone to those in the top 10% of incomes, and especially those in the top 1%. This is a major change from [...]
Aug
23
2012
HP’s Historic Loss: Can Meg Whitman Save the PC Giant? Can Anyone?Posted by: yahootechticker in Yahoo Tech TickerFollow The Daily Ticker on Facebook! HP (HPQ) reported its worst quarterly loss in its 73-year history Wednesday. The PC-maker suffered an $8.9 billion loss in its fiscal third-quarter, or $4.49 a share. The hit to HP’s bottom line was due in large part to an $8 billion write-off of its 2008 acquisition of Electronic [...]
Aug
23
2012
Happy Days May be Here Again: Economist Mark ZandiPosted by: yahootechticker in Yahoo Tech TickerFollow The Daily Ticker on Facebook! The Congressional Budget Office said Wednesday that the U.S. economy could slip back into recession if Congress fails to act before a total $8 trillion worth of tax increases and spending cuts are due to take effect in January — the so-called fiscal cliff. The same day the Fed [...] Seth Levine of the Foundry Group has a blog post up today on CEO and founder salaries. His data is US based and it ties pretty well with what we see over here. Apparently these numbers are based on ‘hundreds of data points’ and hold for all areas of the US, including Seth’s home in Boulder, New York and San Francisco:
I’ve been saying for years now that founder salaries should start at these sorts of levels and then rise to what would be market for the skillset in a larger company environment as the company gets to scale and/or profitability. That makes sense to me because higher salaries earlier on have a disproportionately large impact on the amount of cash left for other hires, and less people in the company means slower progress and slower appreciation in value. If a founder has a decent shareholding and believes in what he or she is doing then they wouldn’t want to trade higher salary now for growth in share price. The major caveat being, as Seth points out, that we’ve all got to eat, and it is counterproductive if salaries are so low as to cause stress and heartache at home. |
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