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Viatical and Senior Settlements
TechCrunch
LiveUniverse Buys Another Loser: Peerflix
Jason Kincaid Sat, 06 Sep 2008 02:01:21 -0000
We're getting reports that Peerflix, the tumultuous company that switched from acting as a DVD-swapping service to an ad network, has been acquired by Brad Greenspan's LiveUniverse for an undisclosed amount (though we're guessing it's pretty low). We've asked LiveUniverse to comment. Peerflix was founded in 2004 as a "peer-to-peer Netflix", helping users to swap DVDs they owned for a dollar. The site abandoned the flat fixed pricing scheme for a demand-based model in 2006, but that didn't work well either: in November 2007 it decided to launch a media network that had nothing to do with its original DVD swapping service. Peerflix finally canned the DVD trading business earlier this year, so Live Universe is acquiring it solely for its ad network.
Shasta Ventures Expands Team
Michael Arrington Sat, 06 Sep 2008 01:18:23 -0000
Shasta Ventures, a venture fund managing $460 million and investments in startups like Mint, Flock and Turn, has promoted Jason Pressman to Managing Director and added a new associate, Evan Liang, to the team.
SideTaker: Crowdsourcing Your Private Disputes, With Hilarious Results
Jason Kincaid Fri, 05 Sep 2008 23:45:19 -0000
Every couple has its ups and downs, but most people try to keep their dirty laundry to themselves. But what about those times when you just can't come to an agreement with your significant other? Today sees the launch of SideTaker a site that asks couples to upload both sides of their arguments and let the crowd settle their debates. SideTaker members can vote on which side they agree with, or leave comments to ask for further details or voice their opinions. The site is hilarious. Disputes range from cheating spouses to toilet flushing, oftentimes filled with more detail than anyone would want to know.
MyAWOL Becomes LP33.TV, Launches IMDB For Musicians
Jason Kincaid Fri, 05 Sep 2008 20:35:19 -0000
Last July I wrote about MyAWOL, a web-centric music label looking to compete with traditional labels, which are becoming increasingly less relevant as artists turn to digital distribution methods to gain exposure. While the site has the potential to break some new ground in the online music world, it has run into a major snag during its buildup to launch: its name sounds almost exactly like My.AOL when spoken aloud. In light of this, the company has decided to rename the site to LP33.TV, which should hopefully be less confusing. LP33 is more memorable, but I think the company should consider dropping the .TV extension entirely since they already own the .com. Along with the name change, LP33.TV is also launching its database for music industry professionals, TheMIDB, which hopes to fulfill the same role as the movie and television industry's popular IMDB. The derivative name will probably confuse just about everyone, but at least it makes the site's purpose clear.
Tatango Opens Their Group SMS Service To The Public
Greg Kumparak Fri, 05 Sep 2008 19:35:06 -0000
Tatango, the ad-supported group SMS service previously known as networkText, spent the last few months in a private beta following a functional and visual overhaul and a round of funding by Bellingham Angel Organization. Now everyone is free to get in on the group texting good times; they’ve opened the doors to the public. The service is dead simple to use, as it should be. I made the jump from accountless bum to en masse messaging mogul in all of about 2 minutes.
Google’s Picasa Moves Onto Flickr’s Turf: Adds Ways To Explore Interesting Public Photos
Erick Schonfeld Fri, 05 Sep 2008 19:21:40 -0000
On the heels of a major upgrade earlier this week that added facial recognition and video-editing features to its Picasa photo management service, Google added a new Explore page today that shows off the most popular public photos uploaded by members. In addition to the featured photos, shown in a 3 X 4 grid, the Explore page also shows the most recent photos uploaded in a slide-show widget. Below, it offers a list of the most popular tags. For instance, here are pictures tagged "New York." The Picasa Explore page also has a Where In The World? game that is mashup opf geotagged photos and Google Maps. It shows you a photo and you have to guess where it was taken. If you guess wrong, it tells you how far off you are in kilometers. This is fun for outdoor photos, but when people upload geotagged photos of a generic apartment of a plate of food, it can become tricky.
ENN Investing and Corporate Social Responsibility
Study Suggests Carbon Market Encourages Chopping Forests
The current carbon market actually encourages cutting down some of the world's biggest forests, which would unleash tons of climate-warming carbon into the atmosphere, a new study reported Monday.
Technology Companies Tout Greener Credentials, but Significant Improvements Are Distant
With energy costs high and environmental friendliness making for good public relations, more tech companies are touting ways they are "greening" data centers, which serve up Web pages, swap Internet traffic, and process and store business information.
Westinghouse Seals Mega China Nuclear Deal
U.S.-based Westinghouse Electric signed on Tuesday a multi-billion-dollar deal with Chinese partners to build four nuclear reactors in eastern China, finalising a pact agreed between Beijing and Washington seven months ago.
The Financial Page
James Surowiecki: What drives market volatility?
James Surowiecki Mon, 25 Aug 2008 04:00:00 -0000
American investors are frazzled. True, oil prices have fallen from their most vertiginous highs, the dollar is a bit stronger, and the stock market has actually risen over the past month. But none of those things have happened in a smooth and steady fashion. The stock market’s “ascent,” in particular . . .
James Surowiecki: Too many stakeholders can be a deal-breaker.
James Surowiecki Mon, 04 Aug 2008 04:00:00 -0000
In the second decade of the twentieth century, it was almost impossible to build an airplane in the United States. That was the result of a chaotic legal battle among the dozens of companies--including one owned by Orville Wright--that held patents on the various components that made a . . .
James Surowiecki: Sponsoring Recklessness
James Surowiecki Mon, 21 Jul 2008 04:00:00 -0000
When do the words “not guaranteed” actually mean “guaranteed”? Whenever the mortgage giants Fannie Mae and Freddie Mac are involved. The two companies have long been required to tell investors that their securities are not guaranteed by the federal government. But in the financial markets everyone has always assumed that . . .
NYT > Your Money
Your Money: Counseling on Student Loans Now May Ease Pain Later
Sat, 06 Sep 2008 05:13:58 -0000
What students about to take out their first loan should know.
Cost of Living: Justifying the Cost of an iPhone
Sat, 06 Sep 2008 05:27:30 -0000
I don’t know how any of this stuff works, and I don’t want to pay for it. Yet, I am on the brink of buying an iPhone.
Your Money: Automated Bill Payments Are a Cinch (Not So Fast)
Wed, 03 Sep 2008 00:55:44 -0000
After extolling the virtues of automated bill payments, I heard from many wary readers. Here are their reasons.
The Economist: The World Bank and the IMF
Poverty: The bottom 1.4 billion
Thu, 28 Aug 2008 11:35:37 -0000
The world is poorer than we thought, the World Bank discoversCorrection to this articleIN APRIL 2007 the World Bank announced that 986m people worldwide suffered from extreme poverty—the first time its count had dropped below 1 billion. On August 26th it had grim news to report. According to two of its leading researchers, Shaohua Chen and Martin Ravallion, the “developing world is poorer than we thought”. The number of poor was almost 1.4 billion in 2005. ...
Who runs the world?: Wrestling for influence
Thu, 03 Jul 2008 13:02:45 -0000
The post-war global institutions have largely worked well. But rising countries and growing threats are challenging their pre-eminence THE powerful, like the victorious, do not just write history. They grab the seats at the top tables, from the United Nations Security Council to the boards of the big international economic and financial institutions. They collude behind closed doors. They decide who can join their cosy clubs and expect the rest of the world to obey the instructions they hand down. That is how many outsiders, not just in the poor world, will see the summit that takes place from July 7th to 9th of the G8, the closest the world has to an informal (ie, self-appointed) steering group. Leaders of seven of the world’s richest democracies, plus oil-and gas-fired Russia, gather this year in Toyako, on Hokkaido in northern Japan, to ruminate on climate change, rising food and energy prices, and the best way to combat global scourges from disease to nuclear proliferation. ...
International government: What a way to run the world
Thu, 03 Jul 2008 13:02:45 -0000
Global institutions are an outdated muddle; the rise of Asia makes their reform a priority for the WestCLUBS are all too often full of people prattling on about things they no longer know about. On July 7th the leaders of the group that allegedly runs the world—the G7 democracies plus Russia—gather in Japan to review the world economy. But what is the point of their discussing the oil price without Saudi Arabia, the world’s biggest producer? Or waffling about the dollar without China, which holds so many American Treasury bills? Or slapping sanctions on Robert Mugabe, with no African present? Or talking about global warming, AIDS or inflation without anybody from the emerging world? Cigar smoke and ignorance are in the air.The G8 is not the only global club that looks old and impotent (see article). The UN Security Council has told Iran to stop enriching uranium, without much effect. The nuclear non-proliferation regime is in tatters. The International Monetary Fund (IMF), the fireman in previous financial crises, has been a bystander during the credit crunch. The World Trade Organisation’s Doha round is stuck. Of course, some bodies, such as the venerable Bank for International Settlements (see article), still do a fine job. But as global problems proliferate and information whips round the world ever faster, the organisational response looks ever shabbier, slower and feebler. The world’s governing bodies need to change. ...
