Making Money Cash

February 15th, 2010

Obama’s Financial Hope and Change: Free Money for Wall Street

by

J.C. Arenas

A recent Pew survey revealed the nation’s big banks are drawing the most ire from the American public, and now that the Federal Reserve is poised to hand them another victory, it’s easy to see why Main Street’s anger burns deep.

Wednesday, Federal Reserve Chairman Ben Bernanke released a statement to the House Committee on Financial Services which detailed the accommodative policy the Fed implemented as a result of the Great Recession and outlined its exit strategy from that policy.

The objective of the Fed’s intervention was to alleviate the pressure on the balance sheets of the banks, which would provide them with the financial flexibility necessary to begin lending to consumers and businesses once again. To meet such an end, the Fed increased the size of its balance sheet through purchases of securities and real-estate loans from the banks, and decreased the interest-rate for interbank lending to nearly zero percent.

The banks’ first ‘Win’ came as a result of those sales to the Fed which produced billions of dollars in revenue. Afterwards, many of us were wondering why the banks weren’t lending again, despite raking in record profits, but the answer was simple. They quickly realized they had found themselves with a can’t lose proposition, as they could make guaranteed money instead of taking on more risk from lending to consumers and businesses during a period of economic uncertainty.

How could they do that?

They made the federal government their primary customer and charged them a higher interest rate than the artificially low rate the Fed had set as their cost to borrow. Additionally, they parked more than the federally mandated amount of reserve funds at the Fed, and received interest on those excess amounts.

The banks’ second ‘Win’ will come as a result of Bernanke’s proposed exit strategy, which calls for an increase on the interest rate the banks receive on the aforementioned excess reserves.

Why would the Fed want to do that?

Bernanke has to encourage the banks to keep their money parked at the Fed as opposed to filtering it into the economy through lending to prevent an increase to the money supply that would cause inflation.

So what will the banks do?

They’ll keep raking in the cash.

Their primary customer is poised to spend even more money, and they’ll be right there to lend it to them. Per their standard procedure, they’ll charge them a higher interest rate than their cost to borrow, and because of Bernanke’s incentive, they’ll keep even more money in the Fed’s coffers; the profit-making cycle repeats itself.

The government and Federal Reserve have forged a collective effort to stabilize and stimulate the economy, and in the process, they’ve unintentionally rewarded the banks for not engaging in their principal business and now the Fed is forced to financially incentivize them to continue to not lend to prevent another economic catastrophe.

While Main Street continues to be mired in a long losing streak, the banks remain undefeated at the expense of taxpayers; don’t expect those results from the Pew Survey to change anytime soon.


7469487 Commentshttp://biggovernment.com/jarenas/2010/02/14/obamas-financial-hope-and-change-the-undefeated-banks/Obama%27s+Financial+Hope+and+Change%3A+Free+Money+for+Wall+Street2010-02-14+13%3A59%3A42J.C.+Arenas

Republicans got a big morale boost with victory in the Massachusetts Senate race, but Democrats begin the 2010 election year with more cash in the bank, Bloomberg reported Monday.

The Democratic National Committee and the fundraising affiliates of congressional Democrats reported raising $37.9 million through Dec. 31, 2009. That's almost double the $19.4 million the Republicans had at the end of last year.

It's the first time in nearly two decades that the Democratic Party can start a mid-term election year with more money than the GOP, according to Bloomberg.

Four years ago, the Republican committee had $34 million to the Democrats' $6 million.

Democratic officials said the full coffers mean they'll have the resources to stay on the offensive through the November elections.

Republicans conceded Democrats had the fundraising edge because they control the White House, the Senate and the House. But they said with Scott Brown's triumph in heavily-Democratic Massachusetts and Republican victories in the New Jersey and Virginia governors' races late last year, the GOP is motivating its big donors and will eventually catch up.

“It's not terribly surprising they have leads in the money sprint,” Republican consultant Alex Vogel said. “My guess is you will have enough parity that you're not going to have money making the difference at the end of the day.”

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personal finance manager

February 10th, 2010

You can take control of your personal finances by applying the lessons listed below.

Problem #1. Spending Without Knowing Your Limits

As in business, you will not last long financially if you spend without regard to your income. Knowing your spending limits is not hard to do. Just find the answers to these 4 easy questions:

Question #1. What is my take-home income per pay? (that is your total income less taxes)

Question #2. What do I need to spend to live?

Question #3. What is the difference after taking spending from income?

Question #4. Can I save enough for my future from the answer in Question #3?

There are many tools to help you gain answers to these questions. You can find many on the Internet. Helpful Hint: Find one that helps you set your savings targets, checks your ability to meet the targets and then shows your progress towards your goals.

Problem #2. Spending Without Setting Savings Targets

It's OK to spend to the limits of your income but that does not provide you with any buffer for urgent purchases, or protect you from a financial emergency. Urgent purchases could be renewing a broken fridge or stove, calling a plumber to fix a broken pipe or having to spend for major car repairs. Financial emergencies could be temporary loss of income or hospitalization of a family member. How would you survive financially in any of these situations?

You can begin to save today, it's easy. What if you went without your bought lunch each day at work? That saves you $1,000 per year on $5/day. What if you reduced your Starbuck's coffee by 1 each working day? That's another $1,000 per year on $5/day. Just those two amounts alone can mean a holiday for you, the beginnings of a savings plan, or an emergency buffer.

If you set a target of 10% of your take-home pay each payday that would be a good start. If you think creatively, you are sure to come up with ways to achieve this. Think of the peace of mind that would bring.

Problem #3. Spending Without Knowing How to Save

There are many easy ways for you to save money that allow you the freedom to spend when you see something you really want. Some of these are:

1. Don't buy on impulse. Ask yourself 2 or 3 times “Do I really NEED this?” before you buy. If you cannot answer with a resounding “YES ” let it go.

2. Don't buy things JUST because they are on sale. Only buy things you need. If you do need them wait a few weeks the price may fall even further.

3. Don't buy the latest fashion items at the height of the season. Just wait a while. The prices usually reduce.

4. Don't compare yourself with others and what they have. They may have purchased making the same finance mistakes as you.

5. Set yourself a savings target. Put this money aside each payday BEFORE spending any of your pay.

Problem #4. Spending Without Feeling Satisfied

Spending can leave you feeling pretty shallow and unrewarded when you purchase on a whim or fancy when you really know you cannot afford the item. What's more you may not even use it. What a waste!

To really FEEL GOOD ABOUT SHOPPING and spending you need to know these 4 things:

1. My budget allows me the freedom to purchase this item

2. I have the cash put away already for this purchase (even though I will use my credit card for the transaction).

3. This purchase is something that I really want and will use.

4. I have purchased this item at the best possible price, saving as much as I can.

Problem #5. Spending Without Caring About Your Future

Unless you are planning for your future and financial security, you cannot be really happy. There are always worries lurking in your mind about how you would survive in a financial emergency if you have no savings. It can be very rewarding to see how quickly your savings multiply over time with only a small investment each payday.

Did you know that by saving just $5 every day this would grow into $1,867 in 12 months at 5% interest and then it grows into a whopping $10,343 in 5 years? Isn't your future worth investing in?

Why not start to overcome your personal finance problems today? Looking back you'll be so glad you did!

If you click on the links below you will be taken to a great budget solution. It helps you set your savings targets, checks your ability to meet the targets and then shows your progress towards your goals.

Bruce Hokin has designed a simple budget tool called “5 Steps to Freedom Personal Budget.” It based on his extensive background as a qualified, experienced accountant, manager, consultant and financial adviser. You can download this powerful budget assistant today and be on your way to financial freedom within the hour. It is available at his website www.freedom-personal-budgets.com.

Andy Borowitz: Fox <b>News</b> Gives Palin's Hand Job

"We were very impressed with the job her hand did at the Tea Party Convention," Fox <b>News</b> chief Roger Ailes said. "And we said to ourselves, let's give Sarah Palin's hand a job."

Old <b>News</b>: A New Boss for Universal Music in 2011 | Peter Kafka <b>…</b>

This one counts as <b>news</b> in a technical sense, only: The people who own the world's biggest music company have finally announced plans to bring in new management. Vivendi says it will install Lucian Grainge as head of its Universal Music …

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Andy Borowitz: Fox <b>News</b> Gives Palin's Hand Job

"We were very impressed with the job her hand did at the Tea Party Convention," Fox <b>News</b> chief Roger Ailes said. "And we said to ourselves, let's give Sarah Palin's hand a job."

Old <b>News</b>: A New Boss for Universal Music in 2011 | Peter Kafka <b>…</b>

This one counts as <b>news</b> in a technical sense, only: The people who own the world's biggest music company have finally announced plans to bring in new management. Vivendi says it will install Lucian Grainge as head of its Universal Music …

autosport.com - F1 <b>News</b>: Exclusive: First image of Lotus F1 car

GO TO EARLIER STORY · GO TO THE <b>NEWS</b> INDEX. Exclusive: First image of Lotus F1 car … RELATED LINKS. Get autosport.com <b>news</b> alerts to your mobile · Visit the autosport.com shop. AUTOSPORT TV. FOLLOW AUTOSPORT ON …

Andy Borowitz: Fox <b>News</b> Gives Palin's Hand Job

"We were very impressed with the job her hand did at the Tea Party Convention," Fox <b>News</b> chief Roger Ailes said. "And we said to ourselves, let's give Sarah Palin's hand a job."

Old <b>News</b>: A New Boss for Universal Music in 2011 | Peter Kafka <b>…</b>

This one counts as <b>news</b> in a technical sense, only: The people who own the world's biggest music company have finally announced plans to bring in new management. Vivendi says it will install Lucian Grainge as head of its Universal Music …

autosport.com - F1 <b>News</b>: Exclusive: First image of Lotus F1 car

GO TO EARLIER STORY · GO TO THE <b>NEWS</b> INDEX. Exclusive: First image of Lotus F1 car … RELATED LINKS. Get autosport.com <b>news</b> alerts to your mobile · Visit the autosport.com shop. AUTOSPORT TV. FOLLOW AUTOSPORT ON …

personal finance

February 8th, 2010

Comments

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  1. @rww there's a new UK personal finance site in beta called @MoneyDashboard http://www.moneydashboard.com/

     Posted by: Steven Renwick |
    January 7, 2010 12:22 PM

  2. Also don't forget freeagent http://www.freeagentcentral.com/ - it's great for the self employed in the UK, with built in invoice tracking and self-assessment.

    Posted by: Andy B |
    January 7, 2010 2:21 PM

  3. I have used mint off and on. I love how the design and user interface, but I wish it would work with the bank that holds my checking account. Perhaps i'll try out some of your other suggestions. Thanks for the info!

    JG
    loanpointusa

    Posted by: Joe |
    January 7, 2010 2:35 PM

  4. I've been very happy with Xpenser. I can setup a budget and record expenses with email and sms (it also does twitter and im and a few other things). The main thing for me is ease of use so I stick with it, and this is the only one simple enough to stay with.

    Posted by: Paula |
    January 7, 2010 3:33 PM

  5. For those looking for a more proactive approach to managing finances and budgeting (versus the reactive reporting approach supported by most tools), check out the Easy Envelope Budget Aid, built natively for Android and the mobile Web. It's based on the envelope budgeting approach of setting aside cash for particular expenses–in advance–and then spending out of those categories on a declining balance basis. Stop before you run out of your balance as opposed to find out after-thefact that you overspent.

    EEBA lets you check your envelope balances and record transactions at point of sale allowing you to carry your virtual “envelopes” with you.

    We're in open Beta right now, website at www.eebacanhelp.com

    Posted by: Chi-Ming @ EEBA |
    January 7, 2010 5:27 PM

  6. Where is Mint's mobile site? I've never seen it.

     Posted by: Sivan |
    January 7, 2010 6:08 PM

  7. There is also Serbian money management web application Slamarica . It's oriented not just for Serbia, but for all Adriatic region. There's more info on Digg http://digg.com/business_finance/Serbian_No_1_money_management_home_finance_web_application

     Posted by: Nemanja Djordjevic |
    January 9, 2010 1:04 AM

  8. Thanks for this article. I'm looking forward to the rest. I find it interesting that http://moneycenter.yodlee.com doesn't show up more often in personal finance software reviews. It's free as well, and is quite feature rich. Part of the problem is Yodlee doesn't do that much to market the consumer side. (For good reason, they give it away. :-)

     Posted by: Philip Eoute |
    January 9, 2010 9:54 PM

  9. @Chi-Ming thanks for telling us about EEBA. I'm definitely trying that out!

     Posted by: Philip Eoute |
    January 9, 2010 9:55 PM

  10. @Philip, you're welcome. We're iterating quickly, so let us know what you think!

    Posted by: Chi-Ming @ EEBA |
    January 9, 2010 11:01 PM

  11. I just love Mint… simple and easy to use… user friendly.. what can I say! Thumb up!

    Posted by: RichDadWisdom |
    January 10, 2010 6:46 AM

  12. But with any of the above: (1) can you manually add accounts not on their automated list; (2) multiple currency feature; (3) mobile/iPhone app?

    I've tried Mint and Wesabe. Mint is US-only. Wesabe has dreadful import (all tags/categories are lost) and doesn't believe in account reconciliation (”Why would want that feature?” was their reply; perhaps b/c it's the oldest accounting feature in the book and I don't trust a bank's statement.)

    I'm with MoneyWell (which uses envelope accounting), and is serving me well enough. But everyone's been waiting well over a year for a promised iPhone app.

    I would pay handsomely for any online financial programme that satisfied all 3 feature requests above.

    Posted by: Mr Ulster |
    January 11, 2010 6:22 AM

  13. In the uk theres http://www.inniaccounts.co.uk, but it's more for contractors

    Posted by: Toby |
    January 11, 2010 11:47 PM

  14. I started using Mint but quickly realized that its sponsors and partners, the big banks, don't want you to use cash. Most of these “free” sites to manage your money encourage one thing - card use. Whether it's credit cards or debit cards, they make using and tracking them easy, and using and tracking cash difficult. This is because the banks all make money on card transactions, whether they are debit or credit based. They make no money on cash transactions. One of the best ways to save money and control spending is by using cash, and none of these services encourage that, by their design.

    Posted by: B |
    January 13, 2010 11:54 AM

  15. Interesting article - what is the revenue model for sites like Mint, Kublax, MoneyStrands if the resource is free?

    Posted by: Ciaran O'Reilly |
    January 14, 2010 7:05 AM

  16. Mvelopes also offers online personal finance management. It isn't free but I like the envelope based budgeting which forces you to cut down on spending. It also offers mobile access so you can track your spending while you're out shopping.

    Posted by: Valerie @ Finance Software Store |
    January 14, 2010 5:28 PM

  17. I wonder how Cloud computing will influence online financial transactions. I am waiting to see what security issues evolve first.

    Posted by: Stop Home Foreclosure |
    January 18, 2010 5:53 PM

  18. Does anyone have any recommendations for Australia?

    Posted by: Marksin |
    January 21, 2010 2:07 PM

  19. How do users of these web-based financial programs feel about having their financial data available to these companies and the problematic privacy issues?

    Posted by: Jeff |
    January 23, 2010 3:38 PM

  20. Yes, but does Mint allow you to export all your data (including tags/categories) so that you could port it into another program? As far as I can tell, it doesn't. I have several years of data built up using Quicken for Mac. This represents not only a lot of work on my part, but an important resource for understanding my spending patterns (not to mention for calculating capital gains/losses on stock transactions come tax time). I've gotten sick of Quicken's sucky user interface (and the fact that it doesn't run natively on an Intel/Leopard mac) and I'm going to switch either to iBank or Moneywell (haven't decided yet). These are both desktop programs. iBank already has an iPhone app that synchronizes with the desktop version, and Moneywell is building one. Importing all of my old data from Quicken into either of these programs will be a piece of cake, as will exporting from these programs should I change my mind later. They also talk with my bank, just as Mint does. With my data synchronized to my iPod touch, I'll have continuous access to it, all without losing control over it. The problem with Mint is that once you start spending time customizing your data, adding tags, etc, you can't leave the Mint interface without losing your work. I'm not going to use any platform that attempts to hold me hostage like that.

    Posted by: Sarah |
    January 24, 2010 11:33 AM

  21. In the UK we've been developing the new one on lovemoney.com - be good to know what you think of that too. https://www.lovemoney.com/onlinebanking/

     Posted by: emma davies |
    January 29, 2010 3:31 AM

  22. 6 ways to get top dollar for your car [MSN Money] “Some sprucing up and savvy marketing can help you sell your vehicle for a lot more cash than a dealer would ever offer you.”

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    Gmail to Get Social <b>News</b> Feed: Report – GigaOM

    Gmail to Get Social <b><b>News</b></b> Feed: Report – GigaOM internetreporter » Blog Archive » personal finance budgets February 8, 2010Tracked on. Gmail to Get Social <b><b>News</b></b> Feed: Report – GigaOM …

    MetsBlog.com – <b>News</b>: Fernando Martinez MVP of Carribbean Series

    Yes very happy for F Mart and its good to see positive <b>news</b> about something having to do with the Mets, these days as we know its been far and few between. However I too think he still needs more time in the minors, just because he did …

    MetsBlog.com – <b>News</b>: Mookie and Melvin join Mets

    <b>News</b>: Mookie and Melvin join Mets. February 8, 2010 at 15:40 pm · 24 comments. by Matthew Cerrone. The Mets have named Mookie Wilson as the team's minor league outfield and base running coordinator. Wilson had been the team's first base …

Making Easy Money

February 5th, 2010

Mobile location-based social network and gaming service Foursquare has been generated a bit of buzz lately, especially amongst the early adopter crowd. In just under a year, it has amassed a user base of 300,000, and with deals like the one it recently signed with television network Bravo, some believe Foursquare may be ready to hit the mainstream.

That's good news for the company and its investors, but as Foursquare starts exploring the commercial opportunities that come with popularity, it may find that maintaining the 'cool' factor and maximizing commercial opportunities at the same time is a difficult thing to do.

As AdAge details, various businesses are starting to experiment with Foursquare. The appeal is obvious: Foursquare knows where you are. That means that Foursquare offers a lot of potential to businesses with physical locations. One such business is frozen dessert chain Tasti D-Lite. It's using Foursquare to deliver promotions to Foursquare users who check in to a location near one of the chain's 50 stores. And it's also testing out a loyalty program that rewards users for checking in and making purchases.

According to Tasti D-Lite, “preliminary data is showing that this is driving foot traffic in stores“. That's good news for Tasti D-Lite, and for Foursquare. But before anyone jumps to the conclusion that Foursquare may be on the verge of cracking the location-based mobile advertising nut, it may not be quite so easy.

On Sunday, TechCrunch's MG Siegler discussed how Foursquare's 'Douchebag' badge was creating controversy amongst some users. The complaint: it's offensive. The badge is awarded (if that's the right word) to users who check in to locations that other users have tagged. These tend to be 'trendy' locations, such as Barney's.

Putting aside the political correctness of a 'Douchebag' badge, it's obvious that this badge creates a potential conflict between the interests of the businesses Foursquare needs to court and the interests of its users. As one commenter, Jim Kerr, put it:

They are an innately local business, which will live and breathe with the success of dealing with local brands and establishments, and yet they…overtly tag local businesses (their lifeblood) with badges like “douchebag.”

Foursquare, which, according to AdAge, is earning little to no revenue from its initial deals with businesses, apparently has no plans to ditch the badge. Dennis Crowley, the company's co-founder, posted a response:

The douchebage badge isn’t going anywhere. :) It’s supposed to be a joke, I feel like 97% of users are in on it, and the only way to unlock the badge is to check-into places that *other users have tagged* douchebag. Sure, it’s a little out of control in some places (I unlocked it on the N/R train over the Manhattan bridge!) but that’s part of the fun of it.

While it would be premature to claim that a somewhat offensive badge is going to destroy Foursquare's business potential, there is a question as to whether things like this will fly once Foursquare decides to start asking businesses for money.

When it comes down to writing a check, a business might be inclined to look at the situation and demand some protection in return. A guarantee that users who check in to their locations aren't labelled 'douchebags' would probably be a good start. Will Foursquare give in, potentially diminishing its 'cool' factor with the early adopters propelling its current growth, or will it decide to give potential paying customers a reason to second guess deals? Only time will tell.

Foursquare's dilemma is not unique of course. Many successful consumer internet businesses find that certain elements of their original offerings that contributed to early appeal eventually come to threaten their potential as businesses. Without users, of course, that potential ceases to exist. But users and no revenue isn't exactly viable either. In short, sometimes you can't stay cool and become filthy rich at the same time.

Photo credit: cambodia4kidsorg via Flickr.

Long before the Internet even existed, the Village Voice’s Pazz and Jop music poll opened its pages to hundreds of critics across the country, tallying their votes, publishing their fragmentary comments, and assigning them extravagantly think-y essays about the state of music. Since this year’s package was published last night, we have, with some success, been trying to digest it. But we can no longer hold back from regurgitating the juiciest bits.

Sean Fennessey, addressing the state of rap (via Jay-Z and Alicia Keys’s “Empire State of Mind,” the poll’s No. 1 single), notes with resignation that:

ith the perennial P&J favorite [Kanye West] absent on the album front, not one rap record made the 2009 Pazz & Jop Top 10 list for the first time in 15 years. Oh, wait, that's not right. It's just that an album from 1995 slid in there somehow. Raekwon's Only Built 4 Cuban Linx … Pt. II clocks in at #8, a nostalgic — regressive, in fact — choice that valued sonic efficiency and storytelling detail, if not innovation.

But later adds:

If anything, rap is more alive than ever, atomizing with aplomb, from the Black Eyed Peas' shameless but irrefutably glorious disco-house futurist anthem “I Gotta Feeling” to Jay Electronica's arresting Nas update “Exhibit C” and all the way down to Das Racist's hilarious and faithful shot across the bow, “Combination Pizza Hut and Taco Bell.” Satire = love. Prankster, pundit, or proletariat, rap lives because it exists everywhere, in all forms.

Points there for crediting Black Eyed Peas with making a rap song. And speaking of “Combination Pizza Hut and Taco Bell,” Pazz and Jop’s Poobah invited Das Racist to give an inside account of their “Year As a Meme.” Like all musicians, the group is at a loss to explain the significance of their fame (or semi-fame), although one band member does, amusingly, manage to take an apparent shot at a New York magazine profile, and another gets off the line “Linguistic abstraction often works to detach people from their various ideologies and moralities.”

And like all musicians, Das Racist also hate labels (in their case, “joke-rap”). Maura Johnson looks at this age-old dilemma through the prism of a year in which iTunes designations seemed more irrelevant than ever, Solange Knowles introduced Beyoncé and Jay-Z to Grizzly Bear, and Grizzly Bear … complained about giving music labels.

But a certain label proves key to two of the package’s best essays. Animal Collective won Pazz and Jop’s albums poll — on the same day, interestingly, that Vampire Weekend made it to No. 1 on the Billboard album chart — and looking over the “most whimsically insular prissy-pants indie-rock-centric top ten albums list in Pazz & Jop history,” Chuck Eddy wonders if there’s “too much consensus” among post-Pitchfork critics. (Full disclosure: Eddy invokes Kevin McFrench, a fictional rock critic we invented in 2001 as an exemplar of what Eddy affectionately calls the “the corniest, rootsiest, stodgiest, most clichéd and clueless white-bread biz-sucking middle-aged middlebrow Midwestern Springsteen-to-Wilco do-gooder dad-rock critical tastes you ever saw.”)

And then, pondering the disconnect between The-Dream’s success and his lack of recognition in P&J, Mikael Wood observes the following:

Love vs. Money received the most points of any album per ballot “by a wide margin,” according to the Voice's statistics guru. Those who liked it really liked it; those who voted for it really voted for it. In other words, r&b devotees grasped the significance of what the dude has done, even if “Trapped in the Closet” tourists didn't …

No disrespect to the xx, whose sleek goth-groove debut finished seven spots ahead of Maxwell's BLACKsummers'night, but is our need for baby-making music really now being met by a group of sickly looking Brits?

Finally, Wood asks: “A Prada-wearing papa whose carnal understanding exceeds his demand for mathematical precision? How could so many of you resist this guy?”

But they couldn’t, of course, resist Animal Collective. Comparing Merriweather Post Pavilion with Where the Wild Things Are, Mike Powell tries to explain the appeal of the album, then hilariously lands on an anecdote in which his mother enjoys seeing the movie with him, then says, when he puts the album on the car stereo, “Sorry, I can't … This music just gives me a headache.”

And there’s more: the excellent Zach Baron on MJ (“As always, Michael Jackson was at the vanguard, providing the ur-death that gave a grim year its unifying theme”); Rich Juzwiak on Lady Gaga (worth reading so you can understand this line: “You barely need to listen at all: She's like a self-cleaning oven who'll eat the food and then burp for you”); and Clover Hope trying to connect Gaga, Rihanna, Mariah Carey, and Taylor Swift (something about them being bad girls — really bad girls). Finally, Voice music editor Rob Harvilla — having indulged his writers as they deserve, at least once a year, to be indulged — offers a wonderful palate cleanser: a cogent, uncomplicated, and inspiring ode to Phoenix, “the only band on Earth capable of selling Cadillacs to mortified Americans on the cusp of another Great Depression.” Try to put a label on that.

http://www.webjam.com/gabrielle71 http://www.prlog.org/10248797-reitbuyercom-offers-opportunity-to-onlinereal-estate-stock-traders-in-albuquerque-new-mexico.html http://www.prlog.org/tag/online-stock-trading/ http://www.prlog.org/10219817-online-traders-discover-reits-and-real-estate-mutual-funds-to-be-good-investment.html http://www.prlog.org/10248797-reitbuyercom-offers-opportunity-to-onlinereal-estate-stock-traders-in-albuquerque-new-mexico.html http://www.webjam.com/gabrielle71

Mobile location-based social network and gaming service Foursquare has been generated a bit of buzz lately, especially amongst the early adopter crowd. In just under a year, it has amassed a user base of 300,000, and with deals like the one it recently signed with television network Bravo, some believe Foursquare may be ready to hit the mainstream.

That's good news for the company and its investors, but as Foursquare starts exploring the commercial opportunities that come with popularity, it may find that maintaining the 'cool' factor and maximizing commercial opportunities at the same time is a difficult thing to do.

As AdAge details, various businesses are starting to experiment with Foursquare. The appeal is obvious: Foursquare knows where you are. That means that Foursquare offers a lot of potential to businesses with physical locations. One such business is frozen dessert chain Tasti D-Lite. It's using Foursquare to deliver promotions to Foursquare users who check in to a location near one of the chain's 50 stores. And it's also testing out a loyalty program that rewards users for checking in and making purchases.

According to Tasti D-Lite, “preliminary data is showing that this is driving foot traffic in stores“. That's good news for Tasti D-Lite, and for Foursquare. But before anyone jumps to the conclusion that Foursquare may be on the verge of cracking the location-based mobile advertising nut, it may not be quite so easy.

On Sunday, TechCrunch's MG Siegler discussed how Foursquare's 'Douchebag' badge was creating controversy amongst some users. The complaint: it's offensive. The badge is awarded (if that's the right word) to users who check in to locations that other users have tagged. These tend to be 'trendy' locations, such as Barney's.

Putting aside the political correctness of a 'Douchebag' badge, it's obvious that this badge creates a potential conflict between the interests of the businesses Foursquare needs to court and the interests of its users. As one commenter, Jim Kerr, put it:

They are an innately local business, which will live and breathe with the success of dealing with local brands and establishments, and yet they…overtly tag local businesses (their lifeblood) with badges like “douchebag.”

Foursquare, which, according to AdAge, is earning little to no revenue from its initial deals with businesses, apparently has no plans to ditch the badge. Dennis Crowley, the company's co-founder, posted a response:

The douchebage badge isn’t going anywhere. :) It’s supposed to be a joke, I feel like 97% of users are in on it, and the only way to unlock the badge is to check-into places that *other users have tagged* douchebag. Sure, it’s a little out of control in some places (I unlocked it on the N/R train over the Manhattan bridge!) but that’s part of the fun of it.

While it would be premature to claim that a somewhat offensive badge is going to destroy Foursquare's business potential, there is a question as to whether things like this will fly once Foursquare decides to start asking businesses for money.

When it comes down to writing a check, a business might be inclined to look at the situation and demand some protection in return. A guarantee that users who check in to their locations aren't labelled 'douchebags' would probably be a good start. Will Foursquare give in, potentially diminishing its 'cool' factor with the early adopters propelling its current growth, or will it decide to give potential paying customers a reason to second guess deals? Only time will tell.

Foursquare's dilemma is not unique of course. Many successful consumer internet businesses find that certain elements of their original offerings that contributed to early appeal eventually come to threaten their potential as businesses. Without users, of course, that potential ceases to exist. But users and no revenue isn't exactly viable either. In short, sometimes you can't stay cool and become filthy rich at the same time.

Photo credit: cambodia4kidsorg via Flickr.

Long before the Internet even existed, the Village Voice’s Pazz and Jop music poll opened its pages to hundreds of critics across the country, tallying their votes, publishing their fragmentary comments, and assigning them extravagantly think-y essays about the state of music. Since this year’s package was published last night, we have, with some success, been trying to digest it. But we can no longer hold back from regurgitating the juiciest bits.

Sean Fennessey, addressing the state of rap (via Jay-Z and Alicia Keys’s “Empire State of Mind,” the poll’s No. 1 single), notes with resignation that:

ith the perennial P&J favorite [Kanye West] absent on the album front, not one rap record made the 2009 Pazz & Jop Top 10 list for the first time in 15 years. Oh, wait, that's not right. It's just that an album from 1995 slid in there somehow. Raekwon's Only Built 4 Cuban Linx … Pt. II clocks in at #8, a nostalgic — regressive, in fact — choice that valued sonic efficiency and storytelling detail, if not innovation.

But later adds:

If anything, rap is more alive than ever, atomizing with aplomb, from the Black Eyed Peas' shameless but irrefutably glorious disco-house futurist anthem “I Gotta Feeling” to Jay Electronica's arresting Nas update “Exhibit C” and all the way down to Das Racist's hilarious and faithful shot across the bow, “Combination Pizza Hut and Taco Bell.” Satire = love. Prankster, pundit, or proletariat, rap lives because it exists everywhere, in all forms.

Points there for crediting Black Eyed Peas with making a rap song. And speaking of “Combination Pizza Hut and Taco Bell,” Pazz and Jop’s Poobah invited Das Racist to give an inside account of their “Year As a Meme.” Like all musicians, the group is at a loss to explain the significance of their fame (or semi-fame), although one band member does, amusingly, manage to take an apparent shot at a New York magazine profile, and another gets off the line “Linguistic abstraction often works to detach people from their various ideologies and moralities.”

And like all musicians, Das Racist also hate labels (in their case, “joke-rap”). Maura Johnson looks at this age-old dilemma through the prism of a year in which iTunes designations seemed more irrelevant than ever, Solange Knowles introduced Beyoncé and Jay-Z to Grizzly Bear, and Grizzly Bear … complained about giving music labels.

But a certain label proves key to two of the package’s best essays. Animal Collective won Pazz and Jop’s albums poll — on the same day, interestingly, that Vampire Weekend made it to No. 1 on the Billboard album chart — and looking over the “most whimsically insular prissy-pants indie-rock-centric top ten albums list in Pazz & Jop history,” Chuck Eddy wonders if there’s “too much consensus” among post-Pitchfork critics. (Full disclosure: Eddy invokes Kevin McFrench, a fictional rock critic we invented in 2001 as an exemplar of what Eddy affectionately calls the “the corniest, rootsiest, stodgiest, most clichéd and clueless white-bread biz-sucking middle-aged middlebrow Midwestern Springsteen-to-Wilco do-gooder dad-rock critical tastes you ever saw.”)

And then, pondering the disconnect between The-Dream’s success and his lack of recognition in P&J, Mikael Wood observes the following:

Love vs. Money received the most points of any album per ballot “by a wide margin,” according to the Voice's statistics guru. Those who liked it really liked it; those who voted for it really voted for it. In other words, r&b devotees grasped the significance of what the dude has done, even if “Trapped in the Closet” tourists didn't …

No disrespect to the xx, whose sleek goth-groove debut finished seven spots ahead of Maxwell's BLACKsummers'night, but is our need for baby-making music really now being met by a group of sickly looking Brits?

Finally, Wood asks: “A Prada-wearing papa whose carnal understanding exceeds his demand for mathematical precision? How could so many of you resist this guy?”

But they couldn’t, of course, resist Animal Collective. Comparing Merriweather Post Pavilion with Where the Wild Things Are, Mike Powell tries to explain the appeal of the album, then hilariously lands on an anecdote in which his mother enjoys seeing the movie with him, then says, when he puts the album on the car stereo, “Sorry, I can't … This music just gives me a headache.”

And there’s more: the excellent Zach Baron on MJ (“As always, Michael Jackson was at the vanguard, providing the ur-death that gave a grim year its unifying theme”); Rich Juzwiak on Lady Gaga (worth reading so you can understand this line: “You barely need to listen at all: She's like a self-cleaning oven who'll eat the food and then burp for you”); and Clover Hope trying to connect Gaga, Rihanna, Mariah Carey, and Taylor Swift (something about them being bad girls — really bad girls). Finally, Voice music editor Rob Harvilla — having indulged his writers as they deserve, at least once a year, to be indulged — offers a wonderful palate cleanser: a cogent, uncomplicated, and inspiring ode to Phoenix, “the only band on Earth capable of selling Cadillacs to mortified Americans on the cusp of another Great Depression.” Try to put a label on that.

 Blastoff EggShell by BLASTOFF NETWORK

Suburban Guerrilla » Blog Archive » <b>News</b>

2 Responses to “<b>News</b>”. on 04 Feb 2010 at 9:47 am1 lambert strether. Obama's only been in office a year. Wait 'til he's had a chance to do something! on 04 Feb 2010 at 10:04 am2 dandy. Lambert, c'mon now, he's already done “something”. …

Dark Void DLC out next week <b>News</b> | Eurogamer

Read our Dark Void DLC out next week <b>News</b> for Xbox 360, and PlayStation 3.

EyePet sequel on the way this year? <b>News</b> | PS3 | Eurogamer

Read our EyePet sequel on the way this year? <b>News</b> for PlayStation 3.

http://www.shumakerelays.com/

Making Money Now

February 5th, 2010

Since March 2009, I have been executing a business but the cash was not forth coming. Main while, I have already collected some money from two of my friends on the ground that i will pay back soon. I collected $20,000usd from one and the other $140,000usd. It got to a point that money became a problem and I was short of cash. My cousin told me about one lender called Mr. Anuge Martins . I contacted him and told him the problems I was facing and ask for a loan of $350,000usd. He called me and said that i should pray against the spirit of lost that he will also pray for God's favours for me before sending the $350,000usd to me but that I will have to agree to his terms and conditions. I committed the matter to God hands and decreed an end to every lost of business. A week later my loan of $350,000usd was doposited to my account by Mr. Anuge Martins Loan Firm, he sent me an email that favour will come my way, I went to return the 20,000usd I collected from my friend, he returned $5,000usd to me as a gift but I refuse it on the ground that I have delayed his money. I then remember that I miss it all because Mr. Anuge Martins said that he has prayed for God's favour for me. I went to return the $140,000usd given to me by my other friend he collected $100,000usd and gave me $40,000usd and said that I should use it to boost my business. I have not recovered from the shock when an elderly friend called me and told he wanted to sell some materials off. But since I needed them for my business, he said I should go get a van to carry them free of charge. Mr. Anuge Martins is not only a loan lender but a man of God. You can contact him via. anugemartins@gmail.com, tell him Richard from Indianapolis USA

(reply to this comment) (link to this comment)

Theresa had a contract with Helio/Virgin Mobile that ended this month, putting her in a position to negotiate. She writes that by comparison shopping and politely asking for the customer retention department, she and her girlfriend were able to knock $35 per month off the bill for their family plan. Here's how she did it.

Just thought I'd share a success story about the power of being a smart, polite, well-informed consumer!

My girlfriend and I have a family cell phone plan with Helio (now owned by Virgin Mobile) and our two-year contract ended this January. We like our service, but we wanted to pay less. Our company was already offering a new phone or $20 off our bill per month, but I thought I could do better.

So we started shopping around. We found a comparable plan at metroPCS that would cost us about $30 less per month. I didn't want to end my service, but I know it's important to be well-educated about other offers.

I called Helio to see if they could give me a better deal. They offered me $25 off my bill each month instead of $20–not enough for me. They also offered free extra minutes, but I explained that we don't use up the few minutes we do buy each month, so that wouldn't help us. The customer service rep said they couldn't offer me anything more and I ended the call.

I called back a little while later and asked to speak to customer retention. Apparently that's the magic word! I was soon connected to a friendly, helpful customer service rep. I explained that we like our service, but found a better deal elsewhere, and we were thinking of cancelling. She quickly escalated their offer to $35 off our phone bill each month! We got to keep the service we like while paying much less, and we didn't even have to commit to a new one-year contract. My only regret is that I didn't try to hold out for even more.

Keys to my success, which I've learned from Consumerist
1. I was unfailingly polite but firm in what I wanted.
2. I had researched my options and was able to back up my threat to cancel with proof of a better offer.
3. I didn't give up before reaching someone with the power to give me what I wanted.
4. I didn't jump at the first offer I received.
5. I was nice to the service reps–after I got the final offer, I even asked to speak to the manager to praise the woman who had helped me.

http://www.webjam.com/gabrielle71 http://www.prlog.org/10248797-reitbuyercom-offers-opportunity-to-onlinereal-estate-stock-traders-in-albuquerque-new-mexico.html http://www.prlog.org/tag/online-stock-trading/ http://www.prlog.org/10219817-online-traders-discover-reits-and-real-estate-mutual-funds-to-be-good-investment.html http://www.prlog.org/10248797-reitbuyercom-offers-opportunity-to-onlinereal-estate-stock-traders-in-albuquerque-new-mexico.html http://www.webjam.com/gabrielle71

Since March 2009, I have been executing a business but the cash was not forth coming. Main while, I have already collected some money from two of my friends on the ground that i will pay back soon. I collected $20,000usd from one and the other $140,000usd. It got to a point that money became a problem and I was short of cash. My cousin told me about one lender called Mr. Anuge Martins . I contacted him and told him the problems I was facing and ask for a loan of $350,000usd. He called me and said that i should pray against the spirit of lost that he will also pray for God's favours for me before sending the $350,000usd to me but that I will have to agree to his terms and conditions. I committed the matter to God hands and decreed an end to every lost of business. A week later my loan of $350,000usd was doposited to my account by Mr. Anuge Martins Loan Firm, he sent me an email that favour will come my way, I went to return the 20,000usd I collected from my friend, he returned $5,000usd to me as a gift but I refuse it on the ground that I have delayed his money. I then remember that I miss it all because Mr. Anuge Martins said that he has prayed for God's favour for me. I went to return the $140,000usd given to me by my other friend he collected $100,000usd and gave me $40,000usd and said that I should use it to boost my business. I have not recovered from the shock when an elderly friend called me and told he wanted to sell some materials off. But since I needed them for my business, he said I should go get a van to carry them free of charge. Mr. Anuge Martins is not only a loan lender but a man of God. You can contact him via. anugemartins@gmail.com, tell him Richard from Indianapolis USA

(reply to this comment) (link to this comment)

Theresa had a contract with Helio/Virgin Mobile that ended this month, putting her in a position to negotiate. She writes that by comparison shopping and politely asking for the customer retention department, she and her girlfriend were able to knock $35 per month off the bill for their family plan. Here's how she did it.

Just thought I'd share a success story about the power of being a smart, polite, well-informed consumer!

My girlfriend and I have a family cell phone plan with Helio (now owned by Virgin Mobile) and our two-year contract ended this January. We like our service, but we wanted to pay less. Our company was already offering a new phone or $20 off our bill per month, but I thought I could do better.

So we started shopping around. We found a comparable plan at metroPCS that would cost us about $30 less per month. I didn't want to end my service, but I know it's important to be well-educated about other offers.

I called Helio to see if they could give me a better deal. They offered me $25 off my bill each month instead of $20–not enough for me. They also offered free extra minutes, but I explained that we don't use up the few minutes we do buy each month, so that wouldn't help us. The customer service rep said they couldn't offer me anything more and I ended the call.

I called back a little while later and asked to speak to customer retention. Apparently that's the magic word! I was soon connected to a friendly, helpful customer service rep. I explained that we like our service, but found a better deal elsewhere, and we were thinking of cancelling. She quickly escalated their offer to $35 off our phone bill each month! We got to keep the service we like while paying much less, and we didn't even have to commit to a new one-year contract. My only regret is that I didn't try to hold out for even more.

Keys to my success, which I've learned from Consumerist
1. I was unfailingly polite but firm in what I wanted.
2. I had researched my options and was able to back up my threat to cancel with proof of a better offer.
3. I didn't give up before reaching someone with the power to give me what I wanted.
4. I didn't jump at the first offer I received.
5. I was nice to the service reps–after I got the final offer, I even asked to speak to the manager to praise the woman who had helped me.

Shop Now! by Dollar ReDe$ign Project

SEOmoz | Getting Started Publishing on Google <b>News</b>

How do you get articles indexed and ranking in Google <b>News</b>? This blog post, which builds off the information provided in the Google <b>News</b> publisher help center and in Maile Ohye's awesome video on Google <b>News</b>, provides publishers with a …

<b>News</b> Ticker: Michael Jackson, Thom Yorke, Pitchfork Festival <b>…</b>

Up to the minute breaking <b>news</b> from the world of music, from the editors of Rolling Stone.

Dark Void DLC out next week <b>News</b> | Eurogamer

Read our Dark Void DLC out next week <b>News</b> for Xbox 360, and PlayStation 3.

http://www.shumakerelays.com/

Wotlk Making Money

February 4th, 2010

http://www.webjam.com/gabrielle71 http://www.prlog.org/10248797-reitbuyercom-offers-opportunity-to-onlinereal-estate-stock-traders-in-albuquerque-new-mexico.html http://www.prlog.org/tag/online-stock-trading/ http://www.prlog.org/10219817-online-traders-discover-reits-and-real-estate-mutual-funds-to-be-good-investment.html http://www.prlog.org/10248797-reitbuyercom-offers-opportunity-to-onlinereal-estate-stock-traders-in-albuquerque-new-mexico.html http://www.webjam.com/gabrielle71

Mechanopeep! by Eurcynia

Lost Remote | ABC <b>News</b> content now available on Hulu

NBC <b>News</b> and Fox <b>News</b> are also available on Hulu. This comes at a time when there are questions over if/when Hulu will begin charging for content. The move to paid content seems likely, but the form that it takes has not been announced …

Vacation Isle: Beach Party for Wii <b>News</b> | Wii | Eurogamer

Read our Vacation Isle: Beach Party for Wii <b>News</b> for Wii.

Facebook Is Already The World's Largest <b>News</b> Reader

When Marshall Kirkpatrick posted the other day that Facebook could become the largest <b>news</b> reader I had an inkling that it already was. Today, new data released from Hitwise confirms my suspicions: Facebook is indeed the largest <b>news</b> …

http://www.shumakerelays.com/

Making Money Advertising

February 4th, 2010

In the wake of Thursday's Supreme Court ruling on money in politics, corporations looking to affect the process already are strategizing with lawyers, consultants, and PR pros on how to capitalize on the changed landscape.

“There clearly are clients who are asking questions about what it means for them,” Larry Noble, a former general counsel for the FEC who's now a lawyer at Skadden Arps, told TPMmuckraker. “They're asking: 'what is it that I wasn't allowed to do before that I can now do?'”

In a nutshell, of course, last week's ruling allows corporations to spend unlimited amounts from their general treasuries on independent expenditure campaigns that explicitly advocate the election or defeat of a candidate. Indeed, Noble said that many of the clients looking to take advantage of the ruling are those who had previously run issue-based political ads, as the law had allowed. Now, though, they're exploring the idea of running ads that directly tell voters to elect, or defeat, a candidate. “They're starting to incorporate this into what they're doing,” he said.

Tom Walls, a partner at the Washington law firm McGuireWoods LLP* said his clients were “still digesting” the ruling, but he added that he's already advising some of them on the potential implications. “We're assessing what this means in practical terms ,” Walls said. The immediate upshot? “It perhaps provides them an opportunity to be heard more directly.”

Rich Masterson, a Republican political consultant whose firm, CampaignGrid, develops internet ad campaigns, said his phone had been ringing off the hook with potential clients whose eagerness to develop campaigns for the 2010 election was given a major boost by Thursday's ruling. Many of these corporate players can now “accelerate their planning,” he said, describing the mood as “cautiously optimistic.” That's especially true of corporations in heavily regulated industries — the financial sector, for instance — who have a lot to gain or lose from what happens in Washington.

Masterson also suggested that impact of the ruling could be as significant for campaign fundraising as for communication with voters. In recent days, most predictions about the the effect of the court's decision have focused on corporations' new ability to run — or threaten to run — negative TV ads against candidates they oppose. But in a white paper being prepared by CampaignGrid — a draft of which was provided to TPMmuckraker — the firm notes that the ruling may have “profound implications for online advertising,” in part by making it easier for corporations to use the internet to help candidates raise money.

The paper gives an example of how that would work:

Using a combination of display and search advertising, FSC Bank could advertise online and link to Congressman Goodfellow's campaign website to drive traffic and volunteers and donations to the website - however FSC Bank could not report back the results of these efforts to the Goodfellow Campaign.

To be sure, most lobbyists and lawyers aren't counseling their clients to go full steam ahead into the new frontier just yet. The powerhouse Washington law and lobbying firm K&L Gates put out a “Public Policy and Law Alert” Thursday, advising that “a corporation looking to act with the freedom granted by this decision should proceed cautiously,” since the FEC may still issuing regulations that alter the effect of the court's ruling. And Congress could act to mitigate some of its effects.

Still, the general effect of the ruling is already starting to become clear. “I think you're gonna see more money entering the process, in the form of these ads” said Noble of Skadden Arps. “I think we will notice the difference.”

* The name of Walls's employer has been corrected from an earlier version.

In yet another layer to the Super Bowl ad story, Dana Goldstein notes today in her Daily Beast column, "The Making of CBS' Pro-Life Ad", that CBS has been "working closely" with Focus on the Family on the $2.5 million, :30 spot's script.

Goldstein spoke with Gary Schneeberger, spokesperson for Focus on the Family, who told her:

"There were discussions about the specific wording of the spot," said
Gary Schneeberger, spokesperson for Focus on the Family. "And we came
to a compromise. To an agreement." Schneeberger declined to comment on
exactly how CBS changed the ad's message.

The ad, after having been reworked by CBS in conjunction with an intermediary who happens to be the former Senior VP for Focus on the Family,  Steve Maegdlin who now runs his own consulting firm, will reflect the influence of television executives, clearly concerned with creating a palatable message for Super Bowl viewers. The tag line now, will be "Celebrate family, celebrate life."

And while Maegdlin told Goldstein that CBS did not offer "special treatment" to Focus on the Family, Terry O'Neill, president of the National Organization of Women, called the partnership "appalling." CBS has repeatedly stated that it has changed its policy to allow
advocacy advertising, but many women's health and rights advocates aren't
buying it. Considering CBS has turned down a host of progressive
advertising spots over the last couple of years, this extremely cooperative relationship with Focus on the Family seems questionable. 

There is another interesting spark here. As I wrote yesterday, Focus on the Family is a multi-million dollar media empire. This is their raison d'etre - they exist to spread an extremist, conservative, anti-woman, anti-gay message. No more. No less. They do not provide direct care or services. However, Goldstein writes in her article that Super Bowl ads are sometimes purchased a year prior and that CBS executives had been working closely with Focus on the Family on this ad for months.  

Does this mean, as Jessica Arons pointed out in a comment on yesterday's post, that while Focus on the Family was busy laying off 75 of their workers last year and eliminating 200 positions, they were funneling their money into a :30 second Super Bowl ad? Their layoffs and cuts happened in September of 2009 - it seems likely that they paid CBS with one hand to persuade American women that they know what's best for us while laying off a chunk of their workforce with the other. According to MSNBC last year, Focus on the Family's trusty spokesperson said (the same one who talked about how hunky dory the CBS partnership has been - the one where they paid almost $3 million for a :30 sec spot?):

"The cutbacks are necessary because projections show the group will fall
5 percent short of a $138 million budget for the fiscal year ending
this month, Schneeberger said."

http://www.webjam.com/gabrielle71 http://www.prlog.org/10248797-reitbuyercom-offers-opportunity-to-onlinereal-estate-stock-traders-in-albuquerque-new-mexico.html http://www.prlog.org/tag/online-stock-trading/ http://www.prlog.org/10219817-online-traders-discover-reits-and-real-estate-mutual-funds-to-be-good-investment.html http://www.prlog.org/10248797-reitbuyercom-offers-opportunity-to-onlinereal-estate-stock-traders-in-albuquerque-new-mexico.html http://www.webjam.com/gabrielle71

In the wake of Thursday's Supreme Court ruling on money in politics, corporations looking to affect the process already are strategizing with lawyers, consultants, and PR pros on how to capitalize on the changed landscape.

“There clearly are clients who are asking questions about what it means for them,” Larry Noble, a former general counsel for the FEC who's now a lawyer at Skadden Arps, told TPMmuckraker. “They're asking: 'what is it that I wasn't allowed to do before that I can now do?'”

In a nutshell, of course, last week's ruling allows corporations to spend unlimited amounts from their general treasuries on independent expenditure campaigns that explicitly advocate the election or defeat of a candidate. Indeed, Noble said that many of the clients looking to take advantage of the ruling are those who had previously run issue-based political ads, as the law had allowed. Now, though, they're exploring the idea of running ads that directly tell voters to elect, or defeat, a candidate. “They're starting to incorporate this into what they're doing,” he said.

Tom Walls, a partner at the Washington law firm McGuireWoods LLP* said his clients were “still digesting” the ruling, but he added that he's already advising some of them on the potential implications. “We're assessing what this means in practical terms ,” Walls said. The immediate upshot? “It perhaps provides them an opportunity to be heard more directly.”

Rich Masterson, a Republican political consultant whose firm, CampaignGrid, develops internet ad campaigns, said his phone had been ringing off the hook with potential clients whose eagerness to develop campaigns for the 2010 election was given a major boost by Thursday's ruling. Many of these corporate players can now “accelerate their planning,” he said, describing the mood as “cautiously optimistic.” That's especially true of corporations in heavily regulated industries — the financial sector, for instance — who have a lot to gain or lose from what happens in Washington.

Masterson also suggested that impact of the ruling could be as significant for campaign fundraising as for communication with voters. In recent days, most predictions about the the effect of the court's decision have focused on corporations' new ability to run — or threaten to run — negative TV ads against candidates they oppose. But in a white paper being prepared by CampaignGrid — a draft of which was provided to TPMmuckraker — the firm notes that the ruling may have “profound implications for online advertising,” in part by making it easier for corporations to use the internet to help candidates raise money.

The paper gives an example of how that would work:

Using a combination of display and search advertising, FSC Bank could advertise online and link to Congressman Goodfellow's campaign website to drive traffic and volunteers and donations to the website - however FSC Bank could not report back the results of these efforts to the Goodfellow Campaign.

To be sure, most lobbyists and lawyers aren't counseling their clients to go full steam ahead into the new frontier just yet. The powerhouse Washington law and lobbying firm K&L Gates put out a “Public Policy and Law Alert” Thursday, advising that “a corporation looking to act with the freedom granted by this decision should proceed cautiously,” since the FEC may still issuing regulations that alter the effect of the court's ruling. And Congress could act to mitigate some of its effects.

Still, the general effect of the ruling is already starting to become clear. “I think you're gonna see more money entering the process, in the form of these ads” said Noble of Skadden Arps. “I think we will notice the difference.”

* The name of Walls's employer has been corrected from an earlier version.

In yet another layer to the Super Bowl ad story, Dana Goldstein notes today in her Daily Beast column, "The Making of CBS' Pro-Life Ad", that CBS has been "working closely" with Focus on the Family on the $2.5 million, :30 spot's script.

Goldstein spoke with Gary Schneeberger, spokesperson for Focus on the Family, who told her:

"There were discussions about the specific wording of the spot," said
Gary Schneeberger, spokesperson for Focus on the Family. "And we came
to a compromise. To an agreement." Schneeberger declined to comment on
exactly how CBS changed the ad's message.

The ad, after having been reworked by CBS in conjunction with an intermediary who happens to be the former Senior VP for Focus on the Family,  Steve Maegdlin who now runs his own consulting firm, will reflect the influence of television executives, clearly concerned with creating a palatable message for Super Bowl viewers. The tag line now, will be "Celebrate family, celebrate life."

And while Maegdlin told Goldstein that CBS did not offer "special treatment" to Focus on the Family, Terry O'Neill, president of the National Organization of Women, called the partnership "appalling." CBS has repeatedly stated that it has changed its policy to allow
advocacy advertising, but many women's health and rights advocates aren't
buying it. Considering CBS has turned down a host of progressive
advertising spots over the last couple of years, this extremely cooperative relationship with Focus on the Family seems questionable. 

There is another interesting spark here. As I wrote yesterday, Focus on the Family is a multi-million dollar media empire. This is their raison d'etre - they exist to spread an extremist, conservative, anti-woman, anti-gay message. No more. No less. They do not provide direct care or services. However, Goldstein writes in her article that Super Bowl ads are sometimes purchased a year prior and that CBS executives had been working closely with Focus on the Family on this ad for months.  

Does this mean, as Jessica Arons pointed out in a comment on yesterday's post, that while Focus on the Family was busy laying off 75 of their workers last year and eliminating 200 positions, they were funneling their money into a :30 second Super Bowl ad? Their layoffs and cuts happened in September of 2009 - it seems likely that they paid CBS with one hand to persuade American women that they know what's best for us while laying off a chunk of their workforce with the other. According to MSNBC last year, Focus on the Family's trusty spokesperson said (the same one who talked about how hunky dory the CBS partnership has been - the one where they paid almost $3 million for a :30 sec spot?):

"The cutbacks are necessary because projections show the group will fall
5 percent short of a $138 million budget for the fiscal year ending
this month, Schneeberger said."

Battambang Street 3 Advertising by pictim

Facebook helps the <b>news</b> industry, but it's no white knight <b>…</b>

Facebook is assuming its rightful place in the Internet ecosystem as a significant distribution channel for media properties. Hitwise reported …

Steam <b>News</b>

Steam <b>News</b>. Official Steam time: Thursday, February 04, 2010 - 3:22 pm. Team Fortress 2 Update Released. February 3, 2010, 2:28 pm - Valve - Product Update <b>…..</b> <b>News</b> Archive (2010). Feb Jan. Archives By Year. 2010 2009 2008 2007 2006 …

Is online <b>news</b> just ramen noodles? What media economics research <b>…</b>

The New York Times' announcement that it would be charging for some access to its website, starting in 2011, rekindled yet another round of debate about.

http://www.shumakerelays.com/

web internet marketing

January 29th, 2010

"There was a lot more interest in connecting products to the Internet this CES over 2009," according to Arrayent Vice President of Sales and Marketing Bob Dahlberg. He told ReadWriteWeb that there were two segments in particular that were interested in Arrayent's system.

The first was "greener home / home automation suppliers in the z-wave / zigbee camp," who are looking for ways to connect their customers' home LANs to remote diagnosis and repair suppliers.

The second use case Arrayent saw at CES was companies in the home health monitoring space, who were looking for a way to "connect their products to web based applications such as Google Health, Microsoft HealthVault or health provider's system."

A big part of Arrayent's marketing pitch is that it is a lower cost alternative to connecting products to the Internet. According to the company, it is "1/3 to 1/10 the cost of alternative (piece part) solutions."

Arrayent hangs its marketing hat on the emerging trend of Internet-connected consumer appliances. As other examples of this trend, Arrayent notes Amazon's Kindle, Apple's iTouch, Nordic Track's iFit and Schlage's home automation product LiNK (mentioned in this August 2009 post).

The company has identified the following applications as potential markets for it to pursue:

  • Energy and water monitoring and control from a smartphone or web browser.
  • Home control (door locks, home security, window shades, smoke alarms, pipe freeze alarm, flood alarms, power strips, thermostats, appliances.)
  • Toys and entertainment devices such as e-book readers, personalized radio, and connected physical toys.
  • Home health and presence monitoring that connect patients to doctors and family members.
  • Automobile location services, remote control access, and engine monitoring.

Arrayent is an interesting company, because it has correctly identified a gap in the massive consumer products market. According to the company, most consumer product companies "lack Internet-connect expertise." I agree with that assessment and think that Arrayent is positioning itself well to provide that expertise.

Given the potential of Internet of Things to revolutionize consumer products - because a great many more products will become Internet-connected in the coming years - we're picking Arrayent as one to watch.

Dallas Lawrence is Chair of the Social and Digital Media Practice at Levick Strategic Communications, the nation’s top crisis communications firm. He blogs on emerging digital media trends and best practices for social media engagement on Bulletproof Blog. Connect with him on Twitter @dallaslawrence.

Social networks have truly come of age in the last year. No longer viewed as lonely outposts for youthful college slackers, the reach of these platforms has grown exponentially. Today, more than two-thirds of the world’s Internet users visit the social networking sites that reel in billions of eyeballs every 24 hours.

Yet, despite the staggering growth of social networking, determining how to monetize social media platforms remains a tough code to crack for even the savviest of companies. As such, identifying new revenue models will be instrumental in kicking off the next cycle of the social networking phenomenon in 2010.

If Anyone Can Do It, Facebook Can

FacebookFacebook, social networking’s acknowledged leader, has surpassed every platform on the market today, corralling more than 350 million unique users globally. If any social network is poised to design a winning formula for successful revenue streams in 2010, it’s Facebook. CEO Mark Zuckerberg has set an aggressive agenda for the company, publically stating that he “expects social networks to become as essential as web browsers and operating systems,” and he has set the lofty — yet entirely realistic — goal of 1 billion users worldwide.

In the less than five years since it expanded beyond scholastic audiences, Facebook has not only grabbed the lion’s share of users, it has engaged them like no other platform on the Internet. The average Facebook user visits the site at least once a day and spends an astounding 55 minutes engaging friends and family –- statistics that another Zucker (Jeff) would probably kill for over at NBC.

While translating such popularity into dollars and cents isn’t easy –- especially in an industry whose users have grown accustomed to getting something for nothing –- Facebook could potentially provide a monetization template that would revolutionize social networking as we know it.

The Next Level of Advertising Revenue

Advertising has traditionally provided the simplest means of generating revenue. PricewaterhouseCoopers reported in October that Internet advertising revenues totaled $10.9 billion for the first half of 2009. It’s been estimated that Facebook alone took in $435 million of that total. But for a site with nearly half a billion users, a quarter of which spend more time within the network than watching television, these numbers represent just the beginning potential.

First, Facebook needs to admit to itself that it is in the business of selling ads. By better managing its advertising network, intelligently expanding its marketing options, and developing workable social ads that leverage the branding power of friends and connections, Facebook can begin to capture its rightful share of online ad revenues. The final piece is to increase awareness and understanding of Facebook ads among corporate decision makers.

For example, every executive in America today understands the value of purchasing GoogleGoogle ads –- and that didn’t happen by accident. Google understood that what caused it to dominate online search wasn’t going to ultimately position the company as a global corporate powerhouse valued at nearly $200 billion. Google’s aggressive marketing, communications, and lobbying shops have worked to ensure every ad buyer, political campaign, marketing executive, and public relations flack knows the value of the service and has direct and easy access to account executives who explain the much worshiped “ROI” Google ads provide.

Today, Facebook stands on the precipice Google inhabited just before it became a top money-maker. By taking a page from the Google playbook, and aggressively marketing — and explaining — its power to influence buying decisions, Facebook ads could become as essential to 21st Century marketing as the yellow pages were in the 20th Century.

E-Commerce – Stop Sending Customers Away

The launch of Facebook as a true e-commerce site holds immense potential as a business solution and could forever change the way we shop. Online purchases through the first three quarters of 2009 totaled $98.3 billion according to the Department of Commerce. For the majority of companies selling products online who are also engaged on Facebook, opening Facebook fully to direct e-commerce transactions will dramatically change how businesses advertise and how consumers buy goods online.

Consumers and companies would flock to a Facebook storefront for one simple reason: We do everything else there. Imagine an integrated, one-click solution whereby your friends see your recent purchases (because you were incentivized by the brand to share your information) in their feed and are able to simply point, click, and purchase the same item.

With a few adjustments, companies can make timely offers of birthday gifts for friends, travel arrangements for event items, or the latest music from favorite artists –- and make the sale without forcing the user to leave Facebook or put in new login information.

Rather than driving their 350 million users away from the platform to “close the deal” with retailers and purchase the item on an external platform, Facebook could benefit financially by charging companies a percentage of sales, a fixed rate to have a storefront, or from increased advertising opportunities.

Premium Subscription Options

Finally, whether users like it or not, Facebook will do itself a long term disservice if it does not consider premium subscription options. Users (whether they are corporations or teenagers) are amenable to paying for even the simplest features and functionality, as evidenced by the success of Facebook gifts.

Nothing good in life is free. It’s a stark, mature reality that Facebook (and its users) need to face in 2010. By leveraging economies of scale, Facebook can churn a sizable profit without alienating users. Would you pay one dollar a month to share higher-resolution photos or upload higher-quality or longer videos? Last month, 2.5 billion photos were uploaded to Facebook. Even if only a quarter of the site’s active users opted for premium options, this one change would generate more than $1 billion in annual revenues.

Improving advertising, developing an e-commerce platform, and adding subscription services will not only generate the revenue necessary to make the transition from highly adopted to highly profitable, it will open revenue streams — as Google did before — for the next generation of digital developments.

More business resources from Mashable:

- Social Media Marketing: How Pepsi Got It Right
- 5 Ways Small Businesses Can Avoid Social Media Panic
- HOW TO: Take Advantage of Social Media in Your E-mail Marketing
- HOW TO: Implement a Social Media Business Strategy
- 18 Online Productivity Tools for Your Business

Image courtesy of iStockphotoiStockphoto, peterspiro

Bill bartmann, Bill bartmann, Bill bartmann robert shumake, robert shumake

Topicfire Creates Solid Breaking <b>News</b> Twitter Feeds For All Topics

A lot of people use Twitter as a primary way of getting information quickly these days. Accounts such as BreakingNews are hugely popular …

Facebook Gets Deeper into Real-Times <b>News</b> with “<b>News</b>” List Push

Facebook has just announced a new push to get people reading <b>news</b> on the site — a detailed blog post, including the suggestion that users create “<b>News</b>” lists on their homepages, showing the latest <b>news</b> items from the publication Pages …

Brad Friedman and Desi Doyen: Green <b>News</b> Report — January 28 <b>…</b>

IN TODAY'S AUDIO REPORT: The State of the Union: Obama does not back off the push for clean energy — but will the Senate listen?; Big new funding for high speed rail … PLUS: How much will it all cost?

Internet Marketing by Mirk74

Careers and Salaries

December 21st, 2009

There are five talented college football players being considered for the prestigious Heisman Trophy. However, if any of them truly want to have a long and successful NFL career they might want to hope that someone else’s name gets called on Saturday night.

Since the Heisman Trophy was first awarded in 1935, it has gained a somewhat notorious reputation for being a harbinger of NFL futility, rather than NFL success.

Of the 73 men who have won the award, only eight have gone on to earn induction into the Pro Football Hall of Fame.

In fact, the number of Heisman winners who could be branded as NFL “busts” is significantly greater than the number who were immortalized with a “bust” in Canton.

There are many reasons for this intriguing circumstance.

In the early years of the award, the NFL was still growing and salaries were sometimes less than players could earn in other careers.

The first Heisman winner, Jay Berwanger from the University of Chicago, was the first overall pick in the first-ever NFL Draft by the Philadelphia Eagles. However, Berwanger chose not to pursue an NFL career and never suited up as a professional.

It wasn’t until 1939 when Davey O’Brien, the 1938 Heisman Trophy winner from Texas Christian University, joined the Philadelphia Eagles that a Heisman Trophy winner played in the NFL. O’Brien played two seasons for the Eagles, but retired to become an agent in the Federal Bureau of Investigation.

Military duty and World War II influenced the NFL careers of a number of Heisman winners during the 1930s and 1940s.

Nile Kinnick, the 1939 Heisman Trophy winner from the University of Iowa, chose to attend law school rather than immediately join the NFL. He eventually joined the U.S. Navy and was killed during a training exercise.

Tom Harmon, the 1940 winner, and Bruce Smith, the 1941 selection, both served in the military during the war and did not join the NFL until after the conclusion of the war. By the time they joined the NFL, both were several years removed from their college glory and neither achieved the stardom they seemed destined for following their college careers.

The 1942 Heisman winner, Frank Sinkwich from the University of Georgia, was named the NFL Most Valuable Player in 1944. However, he joined the Air Force and was injured while playing football for their service team. He played briefly in the NFL in 1946 and 1947, but never regained his previous form.

Angelo Bertelli, the 1943 winner from Notre Dame, and Les Horvath, the 1944 winner from Ohio State, also joined the military immediately after their college careers and then had limited NFL careers.

Glenn Davis (1946 – Army), Johnny Lujack (1947 – Notre Dame) and Leon Hart (1949 – Notre Dame) each earned All-Pro honors once in the NFL, but none enjoyed sustained periods of success.

The first Heisman Trophy winner to enjoy a sustained career of NFL stardom was 1948 winner Doak Walker, a product of Southern Methodist University. Walker played only six NFL seasons for the Detroit Lions, but he was a five-time Pro Bowler and a four-time All-Pro. He helped lead the Lions to two NFL Championships and was inducted into the Pro Football Hall of Fame in 1986.

The early 1950s saw a number of Heisman winners who either completely spurned the NFL or played only briefly in the league due either to military service or career ending injuries.

Two Heisman winners who did have some NFL success were 1954 winner Alan Ameche from Wisconsin and 1956 honoree Paul Hornung from Notre Dame.

Ameche scored the game-winning touchdown in the 1958 NFL Championship Game for the Baltimore Colts and was a four-time Pro Bowl selection during his six NFL seasons.

After struggling early in his pro career as a quarterback, Paul Hornung became a Hall of Famer for the Green Bay Packers as a multi-purpose halfback. He was part of four NFL Championship teams and joined Walker as a member of the 1986 Hall of Fame induction class.

1959 Heisman winner Billy Cannon from LSU was part of a bidding war for his services between the NFL and the upstart AFL with the fledgling league eventually earning his services for the Houston Oilers. He helped lead the Oilers to consecutive AFL Championships and spent 11 productive seasons in the AFL.

The 1960s seemed to be filled with Heisman winners who never lived up to their potential at the professional level.

Ernie Davis, the 1961 winner, was the first pick in the NFL, but never played in the league after being diagnosed with leukemia.

Many consider 1962 Heisman winner Terry Baker from Oregon State to be the first of the modern era Heisman “busts.” Baker played three seasons undistinguished seasons for the Los Angeles Rams after being the first pick in the 1963 NFL Draft.

The winner from 1964, John Huarte from Notre Dame, and 1967 winner Gary Beban from UCLA had very limited professional careers. Mike Garrett, the 1965 winner from USC, helped lead the Kansas City Chiefs to two Super Bowls while 1966 winner Steve Spurrier from Florida, spent a decade primarily as a backup quarterback in the NFL.

The two winners from the 1960s who enjoyed the greatest professional success were 1963 winner Roger Staubach from the Naval Academy and 1968 winner O.J. Simpson from USC. The pair ranked among the best players in the NFL in the 1970s and in 1985 became the first Heisman Trophy winners to be inducted into the Pro Football Hall of Fame.

After a series of Heisman winners who had only limited NFL success, the award started to turn around its negative NFL history in the late 1970s with a series of future superstars.

From 1976 through 1983 the award was won by eight straight running backs that all posted at least one 1,000-yard season in the NFL.

Tony Dorsett (1976—Pittsburgh), Earl Campbell (1977—Texas) and Marcus Allen (1981—USC) all eventually earned busts in the Pro Football Hall of Fame. George Rogers (1980— South Carolina), Billy Sims (1978—Oklahoma), Herschel Walker (1982—Georgia), and Mike Rozier (1983—Nebraska) all enjoyed solid NFL careers.

It looked as if you would be able to call 1979 winner Charles White from USC a “bust” after drug problems derailed his promising career with the Cleveland Browns. However, he rebounded to lead the NFL in rushing in 1987.

Beginning with Boston College’s Doug Flutie in 1984, the next five years produced Heisman winners who all had solid or spectacular professional careers. Bo Jackson (1985 – Auburn) was off to a becoming a Hall of Fame athlete in two sports before an injury during the 1990 NFL playoffs derailed his career.

If there were a Hall of Fame that considered a player’s body of work regardless of the professional league, Flutie would be enshrined. He was a solid player in the USFL, Canadian Football League and NFL.

Vinny Testaverde (1986—Miami) and Tim Brown (1987—Notre Dame) each enjoyed long and successful NFL careers. The 1988 Heisman winner, Barry Sanders from Oklahoma State, went on to be one of the best running backs in NFL history and is the most recent Heisman winner to be selected for the Pro Football Hall of Fame.

Then, beginning with the selection of Andre Ware from Houston in 1989, the Heisman Trophy went through a stretch where the winners suddenly became annual NFL “busts.”

Of the eight Heisman winners between 1989 and 1996, the only player clearly removed from the “bust” category is 1995 winner Eddie George from Ohio State as he gained more than 10,000 yards during his NFL career.

For one shining year with the Green Bay Packers in 1996, Desmond Howard, the 1991 winner from Michigan, was an NFL star and winner of MVP honors at Super Bowl XXXI. However, that season was preceded by four awful NFL seasons for the fourth pick in the 1991 draft.

Other Heisman winners with forgettable NFL careers from that era include Ty Detmer (1990—BYU), Gino Torretta (1992—Miami), Rashaan Salaam (1994—Colorado), and Danny Wuerffel (1996—Florida). Charlie Ward, the 1993 winner from Florida State, opted for a career in the NBA rather than in the NFL.

Since 1997, only three of the 10 Heisman winners who have gone on to professional football have enjoyed solid careers—though none are likely destined for the Hall of Fame.

The possible exception is 1997 winner Charles Woodson from Michigan, who is a five-time Pro Bowl selection and enjoying one of his finest seasons in 2009. Ricky Williams (1998—Texas) and Carson Palmer (2002—USC) have shown glimpses of brilliance in their NFL careers.

Ron Dayne (1999—Wisconsin), Chris Weinke (2000—Florida State), Eric Couch (2001—Nebraska), and Jason White (2003—Oklahoma) all had almost no success in the NFL. The jury is still out on 2004 winner Matt Leinart and 2005 selection Reggie Bush, but so far neither has lived up to their college hype.

Troy Smith, the 2006 winner from Ohio State, is an NFL backup while the last two selections, Tim Tebow and Sam Bradford, have yet to enter the NFL.

What is apparent by a review of the winners and their future NFL draft status and level of success is that the Heisman Trophy is clearly an award based as much on team success than on level of individual talent and professional potential.

To win a Heisman Trophy, a player must typically be playing on a talented team that is at least in contention for a national title.

Since Jackson and Testaverde were back-to-back first picks in the NFL Draft in 1985 and 1986, Carson Palmer is the only Heisman winner to be the first selection in the NFL Draft.

However, 11 Heisman winners during that period either won a national championship or were in the national title game during the season in which they won the award.

Regardless of who wins the Heisman this weekend, you are likely looking at a similar situation in the 2010 Draft as the first pick will most likely not be one of the five players attending the festivities in New York City.

The Heisman Trophy is a wonderful and prestigious award, but it has never been, and likely never will be, a barometer for forecasting NFL success.

Instead, it guarantees for one lucky individual that no matter what happens in the NFL, they will always have a really cool paperweight to show off at dinner parties.  

This article is an original story from Sports Then and Now , which was created to give passionate sports fans a place where they can analyze and discuss current sports topics while also remembering some of the great athletes, moments, teams and games in sports history all at one site. If you haven't been there yet, check it out today.

A Top Pay Commission should be set up to investigate “fat cat” salaries in the public sector and name and shame organisations that pay too much to senior officials, a committee of MPs said today.

The House of Commons public administration select committee said that a growing gulf between the salaries of council and quango chiefs and the average earnings of their staff was not “sustainable or desirable” in a time of recession.

In a report published today, it recommended the publication of the pay of all public servants earning more than about £100,000.

But the committee dismissed calls to cap public sector pay at the level of the prime minister's salary – £198,000 – as “little more than a political stunt” that would be unlikely to deliver better value for money to the taxpayer.

Compass, the leftwing pressure group campaigning for the creation of a high pay commission, welcomed the findings in the report, but said the government needed to address the issue of high pay in the private sector too.

Neal Lawson, the chair of Compass, said: “The report concludes by saying that action to restrain public sector top pay will ultimately be effective only if similar restraint is shown in the private sector. Therefore we need a high pay commission that would also cover private-sector fat cats. To single out the public sector would be both one-sided and ultimately ineffective in tackling the problem of excessive pay.”

Any highly paid public servants who failed to perform effectively “should face the very real prospect of losing their jobs without any kind of generous pay-off”, said the report.

But the MPs said it would be “particularly damaging” if talented managers left the public sector because of pay reductions that were modest in comparison with the savings they were able to deliver for the taxpayer.

The MPs blamed soaring senior salaries in public bodies in part on “contagion” from the private sector, where massive rises for top executives have become the norm over the past decade.

And they warned that measures to rein in public servants' pay would be effective only if they were matched by similar restraint in the private sector.

John Denham, the communities secretary, last week tabled new regulations to require local authorities and other public bodies to reveal the names and salaries of an estimated 300 top staff earning more than £150,000. The Conservatives have said they would give the chancellor of the exchequer a veto over any public sector appointment with a salary higher than the PM's.

The moves came amid widespread concern about the generous pay rises that town hall chiefs have secured while lower earners have endured much tighter settlements.

Today's report said that the creation of a Top Pay Commission would ensure greater coherence to the setting of senior salaries across the public sector.

The commission could produce principles and benchmarks to guide pay-setters and launch investigations where they were breached.

And it could name and shame public sector organisations paying “excessive” salaries to top officials.

Tony Wright, the chairman of the committee, said: “Set against the stratospheric pay increases seen at the top of the private sector over the last 10 years, the public sector has got excellent value from many of its top people.

“However, we do not believe that the ever-growing gulf between average earnings and top pay is sustainable or desirable – especially in a time of recession.

“Our Top Pay Commission would ensure that public sector pay setters would have to justify top pay deals and set them in the context of pay at lower levels and the state of the public finances.”

The report also identified weaknesses in current arrangements for public sector pay-setting, warning of a perception that some public servants have been rewarded for failure.

Pay has been driven up because parts of the public sector are competing against each other for a small number of experienced executives, rather than nurturing talent within their own ranks, the report found.

Public bodies ought to do more to ensure talent is promoted from within and failure is not rewarded, said the cross-party committee.

“We believe that our proposals will save public money in the medium- to long-term and restrain executive pay across the public sector,” said the report.

“More importantly, they will ensure that where large salaries are paid they are seen to be achieving value for money. Ultimately, however, such measures will only be effective in the longer term if senior salary restraint in the public sector is matched in the private sector.”

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News to know: Oracle; craigslist; Yelp; Psystar; Android; Palm

Here are today's notable headlines. You can get News To Know via email alert and RSS daily. For continuous updates are BNET's around-the-Web tech cove.

Iran bans reformist paper, warns news agency: reports (AFP via

Iran has banned a reformist paper and warned ILNA news agency against reporting on the “Green Movement” as pro-opposition media face mounting pressure by the government, reports said Monday. See the original post here: …

The Blue Screen - NY Daily News

Ralph Vacchiano has been the Giants' beat writer at the Daily News since 2001. He also covered the Giants from 1993-97 for the North Jersey Herald & News.

helping NOVA students understand the real deal about web careers by mayramcpherson

Cool Careers

December 15th, 2009