How my Year of TED was a lot like the Wizard of Oz: A Q&A with Kylie Dunn

How my Year of TED was a lot like the Wizard of Oz: A Q&A with Kylie Dunn

Posted by: Kate Torgovnick May
January 29, 2014 at 2:43 pm EST

image001-14 help of the scarecrow, tin man and lion. Illustration: Matthew Dunn

Kylie Dunn has come up with the perfect analogy for her Year of TED, a self-improvement project she dreamed up in 2011 to infuse ideas from TED Talks into her everyday life. She says that the experience was akin to the Wizard of Oz, with herself playing each of the main characters. Read more of this post

The future of the $100 billion parking industry

The future of the $100 billion parking industry

ON JANUARY 30, 2014

The 2014 Consumer Electronics Show featured the auto-industry like no other CES before it. From self-driving vehicles to digital interiors, the promise of a “connected car” is surely getting closer. Largely missing from the announcements, however, was how parking is being improved for drivers. Innovative parking models have been written about for years, but those models have never fully materialized. Read more of this post

The Pension Heist: How politicians raid retirement funds to enrich their corporate masters

The Pension Heist: How politicians raid retirement funds to enrich their corporate masters

ON JANUARY 30, 2014

Let’s say that as a condition of your employment, your company agreed to pay you a set retirement benefit from its retirement fund, with the implied understanding that the company would make the necessary annual contributions to keep that fund solvent. How would you feel when you later discovered your employer wasn’t actually making those annual contributions? Instead there is a severe cash shortfall. More specifically, how would you feel if your employer cited that shortfall – the one it created – as justification to slash your retirement benefits — the ones you were originally promised? Read more of this post

Beyond the check-in: Foursquare’s future of location-based commerce is closer than you think

Beyond the check-in: Foursquare’s future of location-based commerce is closer than you think

ON JANUARY 30, 2014

The Foursquare of today couldn’t be further from product that debuted to users in March 2009. Gone is the emphasis on checkins, mayorships, and other gamification tactics aimed at getting users to share their location. What’s emerged is a platform geared toward exploration and discovery of the physical world around us. It’s a problem that Dennis Crowley has been trying to solve since 2005 when he founded Dodgeball – which was later acquired and sunsetted by Google – he just needed technology, small businesses, and consumers to catch up with his vision. Read more of this post

Five tips for entrepreneurs from Flight Centre founder and rich lister Geoff Harris: Cultivate personal resilience; Design your organisational structure for humans

Caitlin Fitzsimmons Online editor

Five tips for entrepreneurs from Flight Centre founder and rich lister Geoff Harris

Published 24 January 2014 11:41, Updated 27 January 2014 12:22

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Flight Centre founder Geoff Harris recently stepped down as vice-president of the Hawthorn AFL club after three years. Mal Fairclough

As founder of Flight Centre, Geoff Harris made a fortune valued at $800 million on the 2013 BRW Rich 200. He was also an early investor in Janine Allis’s Boost Juice and still holds a small stake in parent company Retail Zoo that will be divested if the sale to Affinity Equity goes ahead. Harris is also an investor and director of Top Deck Travel in the UK. Read more of this post

Entrepreneur behind K5 surveillance robot faces down critics

Entrepreneur behind K5 surveillance robot faces down critics

Published 27 January 2014 16:08, Updated 29 January 2014 09:29

USA Today



The K5 robot is presented as a potential police aid. Its built-in laser sweeps 270 degrees to photographically map the area it is monitoring in 3D.

A visitor to Knightscope, a seven-person robotics start-up with a bold and controversial vision for crime fighting, is as likely to be greeted by a robot as he is a human. Read more of this post

Too many office managers, too few computer scientists: Freelancer’s Matt Barrie pinpoints our start-ups’ problems

Michael Bailey Deputy editor

Too many office managers, too few computer scientists: Freelancer’s Matt Barrie pinpoints our start-ups’ problems

Published 28 January 2014 10:34, Updated 29 January 2014 09:29


Matt Barrie: searching hard for computer science graduates Louis Douvis

Australia’s relatively low number of graduates in science, technology, engineering and mathematics, as well as its habit of shunning failed entrepreneurs, are two factors harming our start-up ecosystem according to founder Matt Barrie. Read more of this post

How to win from uncertainty: four tips for entrepreneurs

Caitlin Fitzsimmons Online editor

How to win from uncertainty: four tips for entrepreneurs

Published 29 January 2014 11:50, Updated 30 January 2014 10:39

The world is not predictable – even if you have a crystal ball. Photo: Phil Carrick

Dave Snowden, the UK-based founder of Cognitive Edge, has a message for any entrepreneur trying to figure out how to avoid risk and uncertainty – don’t bother. Read more of this post

Myer offer for David Jones has let the genie out of the bottle

Myer offer for David Jones has let the genie out of the bottle

January 31, 2014 – 1:25PM

Malcolm Maiden

Myer wanted to avoid putting its department store competitor David Jones into a classic takeover ‘‘bear hug’’ when it approached DJs with a merger proposal at the end of October last year. Read more of this post

How to recognise the 5 new patterns of innovation

How to recognise the 5 new patterns of innovation

Published 31 January 2014 11:57, Updated 31 January 2014 11:59

Rashik Parmar, Ian Mackenzie, David Cohn and David Gann

The data-trading relationship between Vodafone and TomTom is one example of new innovation patterns.

The search for new business ideas and new business models is hit-or-miss in most corporations. Management scholars have considered various reasons for this failure. One well-documented explanation: Managers who are skilled at executing clearly defined strategies are ill equipped for out-of-the-box thinking. In addition, when good ideas do emerge, they’re often doomed because the company is organized to support one way of doing business and doesn’t have the processes or metrics to support a new one.

Without a doubt, if you tackle business innovation systematically you improve the odds of success. Tested ways of framing the search for ideas exist, of course. One is competency-based: It asks, How can we build on the capabilities that already make us distinctive to enter new businesses and markets? Another is customer-focused: What does a close study of customers’ behavior tell us about their unmet needs? A third addresses changes in the business environment: If we follow “megatrends” to their logical conclusion, what future business opportunities will become clear?

We’d like to propose a fourth approach. It complements the existing frameworks but focuses on opportunities generated by the explosion in digital information and tools. Our approach asks: How can we create value for customers using data and analytic tools we own or could have access to? Over the past five years, we’ve explored that question with a broad range of IBM clients. In the course of that work, we’ve seen advances in information technology facilitate the hunt for new business value in five distinct – but often overlapping – patterns. We believe that by examining them methodically, managers in most industries can conceive solid ideas for new businesses.


Because of advances in sensors, wireless communications and big data, it’s now feasible to gather and crunch enormous amounts of data in a variety of contexts, from wind turbines to intelligent scalpels. Those data can be used to improve the design and operation of assets or to enhance how an activity is carried out. Such capabilities, in turn, can become the basis of new services or new business models. A classic example is Rolls-Royce’s engine health management capability. In the mid-2000s new sensor technology and data management allowed Rolls-Royce to identify airplane engine problems at an early stage, thereby optimising maintenance and repair schedules, and to improve engine design. The ability to control costs encouraged the company to adopt a business model in which it retained ownership of the engines and provided maintenance and repairs, charging airlines an all-in fee based on actual hours flown, as part of a “power-by-the-hour” offering.


Over the past two decades, the digitisation of music, books and video has upended entertainment industries, spawning new models such as iTunes, streaming video services and e-readers. As mobile technologies continue to fuel this trend, businesses are tapping into it and generating their own enhanced services or new business models. For instance, sophisticated analytic and visualisation techniques have improved design in many manufacturing industries, from aerospace and automotive to clothing and furniture. And the digitisation of health records is expected to revolutionize the health care industry, making the treatment of patients more efficient and appropriate, and slashing hundreds of billions of dollars in costs.


The science of big data, along with new IT standards that allow enhanced data integration, makes it possible to coordinate information across industries or sectors in new ways. Consider the city of Bolzano, Italy, where retired people account for almost a quarter of the population. That puts considerable strain on social and health services. Working with the city, IBM developed a network of sensors in the home that monitor not only conditions such as temperature, carbon dioxide level and water usage, but also what constitutes “normal” behavior patterns – for example, regular cooking times. Abnormalities trigger a call to a relative or a friend, who can check that all is well with the senior and alert the appropriate city service if necessary. Behind the scenes, a common IT system links all the relevant city agencies, enabling a highly coordinated response.


The ability to combine disparate data sets allows companies to develop a variety of new offerings for adjacent businesses. Take the recent partnership between Vodafone and TomTom, a provider of satellite navigation devices and services. With its mobile network, Vodafone can identify which of its subscribers are driving, where they are and how fast they’re moving. Such data can be used to pinpoint traffic jams – information that is extremely valuable to TomTom, which buys it from Vodafone.


Ever since their invention, IT systems have helped automate business processes. Now companies have a practical way to take the processes they’ve perfected, standardize them and sell them to other parties. IBM’s Global Expense Reporting Solutions were originally developed to automate all the steps in the company’s internal travel booking and expense-reporting processes. IBM found that, in addition to reducing related administrative costs by 60 to 75 percent, the systems helped ensure that employees complied with corporate expense policies, lowering total expense spending by up to 4 percent. A few years later, realising that many of its customers would be interested in achieving comparable savings, IBM turned the systems into a service, which it has since sold to organizations worldwide.


The five patterns are a helpful way to structure a conversation about new business ideas, but actual initiatives often encompass two or three of the patterns. In addition, what begins as a relatively simple extension of an existing business often grows into a whole new business.

Take the smart energy meters being rolled out in nearly every developed country, which record the consumption of energy over the course of the day and communicate that information back to the energy provider. These devices started out by augmenting the utilities’ businesses along several dimensions: They made it possible to adopt intraday pricing that reflected demand patterns, to optimise operations and infrastructure usage, and to provide customers with the information needed to manage their own usage. But before long it became clear that the meters created opportunities for altogether new businesses. They could, for instance, gather data on the energy usage patterns of appliances, which could be sold back to their manufacturers.

The faster technology advances, the more opportunities seem to open up. It’s time companies took a structured, systematic approach to examining these advances, carefully considering how IT can enable not only better products and services but also innovative business models and platforms. By thinking through what implications the five patterns hold for their businesses, companies can find ways to engage more fully with the digital economy – and cash in on its promise.

(Rashik Parmar is the president of IBM’s Academy of Technology, Ian Mackenzie is a senior lecturer at Harvard Business School, David Cohn is a research scientist at IBM’s Thomas J. Watson Research Center, and David Gann is vice president of development and innovation at Imperial College London.)


How Thaksin’s meddling sparked a new Thai crisis for PM sister

How Thaksin’s meddling sparked a new Thai crisis for PM sister

6:20am IST

By Andrew R.C. Marshall and Jason Szep

BANGKOK (Reuters) – Yingluck Shinawatra’s journey from political nobody to prime minister was breathtakingly swift. Her premiership’s descent into crisis has been just as rapid.

A political neophyte when she took office in 2011, the 46-year-old former business executive surprised many observers by steadying Thailand after years of often bloody political unrest. Read more of this post

China just became the biggest investor in Laos, and Laos’s neighbors are worried

China just became the biggest investor in Laos, and Laos’s neighbors are worried

By Adam Pasick @adampasick January 30, 2014

Land-locked Laos is one of the poorest countries in the world, but it has one thing in abundance: access to the massive Mekong River. The country’s hydropower potential has earned it the nickname “the Battery of Asia” and made it a magnet for investment from its neighbors: Thailand, southeast Asia’s second-biggest economy; Vietnam, a strategic Communist ally since the 1970s; and China, which is writing checks that put the rest to shame.

Guan Huabing, Beijing’s ambassador to Laos, announced today (Jan. 30) that China’s cumulative investment in Laos now stands at $5.1 billion, edging out Thailand and Vietnam. China is also building a controversial railroad linking its Yunnan province to the Lao capital Vientiane, at a cost of $7.2 billion that it is loaning to Lao government—equivalent to 75% of the Lao GDP.


China’s increasing influence has long been a worry for Vietnam. It “feels threatened” by its increasingly marginalized role in Laos, according to a letter last year from the Vietnamese Communist Party to its Laotian counterpart that wasobtained by Radio Free Asia. And there is more to be lost than just political influence: Laos is upstream of Vietnam, Thailand, and Cambodia on the Mekong, so any dams that it builds there with Chinese assistance could have dire consequences for its neighbors.


Dams built on the Laotian Mekong could affect Laos’s downstream neighbors.Mekong Tourism Coordinating Office

Of the nine dams being planned in the Laotian Mekong, Chinese developers and investors have interest in at least four, according to East Asia Forum, along with at least half of the 63 dams being planned on the Mekong’s many tributaries (the government lists its planned projects here). Environmental groups and Western governments have warned that poorly planned dams could cause untold damage to the region’s economy.

When US secretary of state John Kerry visited the region in December, he said: “No one country has the right to deprive another country of the livelihood and eco-system and its capacity for life itself that comes with that river. … That river is a global asset, a treasure that belongs to the region.”


Will the emerging market rout get even worse? Watch corporate bonds

Will the emerging market rout get even worse? Watch corporate bonds

By Matt Phillips @MatthewPhillips 7 hours ago

Global investors have suddenly remembered that emerging markets have a rich, recent history of florid financial crises.

The cracks are starting to emerge everywhere: wobbly “wealth management products” in China, the Turkish lira’s tumble, the selloff in Brazilian bond markets and last summer’s mini-rupee crisis. Read more of this post

For Korean-listed companies, new ardor for paying dividends

For listed companies, new ardor for paying dividends

Factors include shift in dominant industries, owner-family issues

Jan 30,2014


Samsung Electronics will pay dividends of 2.2 trillion won ($2 billion) for the financial year of 2013, a figure 79 percent higher than the previous year.
The company’s intention was to expand dividends to shareholders on a “significant level,” according to a Samsung investor relations manager.
Korean conglomerates are infamous for their stinginess in paying dividends; they have concentrated on growth and performance by reinvesting earnings. Investors didn’t ask for dividends because they also concentrated on corporate performance and higher stock prices.
But investors’ interest in dividends is increasing, and Samsung Electronics’ raising of its dividend rate from 0.5 percent to 1 percent of its annual average stock price is considered proof of that.
The interest in dividend income grew after the 2008-9 global financial crisis, and companies were expected to grow more slowly. As interest on bank deposits dropped to as low as 2 percent, dividends emerged as an alternate source of investment income. Aging investors are another factor.
“As society gets old, demand for stable incomes from dividends is increasing,” said Kang So-hyeon, a researcher at Korea Capital Market Institute.
Dividend funds are being recommended by fund experts, and local investors have bought about 876 billion won ($810 million) worth of these funds.
“Even those conservative investors wedded to bank deposits couldn’t endure the low interest rates anymore and moved on to the so-called income funds, which aggressively invest in overseas stocks with high dividends,” said Hwang Yoon-ah, a researcher from fund evaluator Zeroin.
About 310 billion won was poured into the dividend fund of Shinyoung Asset Management’s after last October, which took the lead among local equity funds. This fund invests in stocks that have been undervalued and offers high dividends. Another investment target is preferred stocks, which pay more dividends than regular stocks. As dividends were strong last year, the return on the Shinyoung fund was as high as 20 percent.
However, the dividend rate of listed companies in Korea averaged 1.03 percent in 2012 compared to 2.01 percent in the United States, 3.71 percent in the United Kingdom and 2.82 percent in Singapore. It is also significantly lower than China’s 3.64 percent.
In the 2000s, Korea’s average dividend rate for companies was 2.27 percent, but it started to drop. Conglomerates like Samsung Electronics and Hyundai Motor, whose profits expanded during the past decade, belong to the IT and consumer goods industries. Conventionally, they tend to pay smaller dividends, and those industries accounted for 52 percent of the stock market capitalization in 2012 compared to 30 percent in 2000.
Meanwhile, high-dividend-paying industries such as utilities accounted for 42 percent of stock market capitalization in 2000, which shrank to 16 percent in 2012.
After the global financial crisis, even those companies that once paid large dividends chose to pile up the profits in order to protect themselves from instability. The total corporate cash reserves of Korea’s top 10 conglomerates’ 82 affiliates that are listed in the stock market was 477 trillion won in 2013, up 44 percent compared to 2010.
Analysts say it will be difficult to ignore the investors’ demand for dividends going forward.
“When corporate growth slows, even those well-off IT companies tend to gradually expand dividends to comfort their investors,” said Oh Eun-soo, a researcher at Hyundai Securities. “Microsoft and Intel are two exemplary cases.”
Oh said that Apple, which just started to pay dividends last year, is in the same boat. When Steve Jobs was alive, Apple used to ignore shareholders’ dividend requests.
“An increasing proportion of institutional investors could also be a reason for growing dividend requests,” said Kang from the Korean Capital Market Institute. centered managements are another factor. “In the Western world, where CEO management is the norm, dividends are a significant tool for major shareholders to collect earnings,” said Park In-hee, securities manager at Shinyoung Asset Management. “In Korea, most conglomerates are directly run by the major shareholders, so they are mainly interested in expanding the corporate body by investing the profit internally, rather than sharing the cash with smaller shareholders.”
Korea’s tax system is also disadvantageous to dividend sharing. Smaller shareholders who profit from dividends are taxed, whereas they do not pay tax for profits gained on trading stocks. Analysts say another factor could accelerate the trend to greater dividends.
“As it is not easy for owner families to pass along their wealth, more families will do so by giving dividends to their children,” a security company head said.
Securities analysts recommend investors do their research into stocks that pay dividends.
“Investors have to distinguish [between] these two goals: obtaining higher dividends and investing in the brand itself,” said Jung Hoon-seok, a researcher at Korea Investment and Securities.
“Dividend stocks” refer to companies that generate constant and relatively high dividends.
According to a Korea Investment and Securities analysis over the past decade, the average stock price increase rate of 341 stocks that paid dividends for 10 straight years was 12 times higher than the index’s increase rate. The 126 dividend stocks in the Kosdaq market showed an increase of 16 times higher than the Kosdaq index’s.
Investors should think about dividend funds in a similar way. Dividend funds last year had high returns because those stocks were strong in the market, not because of large dividends.
“If utility stocks like Korea Electric Power Corporation, which is likely to give out dividends due to the ongoing public enterprise reform measures, make profits, then you could expect increases in the dividend rate,” said Park from Shinyoung Asset Management. “Dividend stocks are an alternative market that has emerged after the settling in of the low-growth trend,” said Oh Eun-soo of Hyundai Securities. “But you should be careful not to invest hastily because these stocks could languish for years as growth stocks are on the rise.”

Shanghai Zhenhua Heavy Industries, the world’s largest crane and steel structure manufacturer, supplied 250,000 incorrecly-sized bolts for the new eastern span of the San Francisco-Oakland Bay Bridge in California

Shanghai Zhenhua supplies the wrong bolts to California bridge

Staff Reporter


Shanghai Zhenhua Heavy Industries, the world’s largest crane and steel structure manufacturer, supplied 250,000 incorrecly-sized bolts for the new eastern span of the San Francisco-Oakland Bay Bridge in California, reports the financial news website of financial market software developer Shanghai Great Wisdom. Read more of this post

Online investment products craze alerts China’s financial sector

Online investment products craze alerts China’s financial sector

Staff Reporter


Several Chinese internet and fund companies recently launched investment products and promised a return higher than those available in the market by subsidizing investors, reflecting the impact of online operations on traditional banks, the Chinese-language Global Entrepreneur magazine reports. Read more of this post

The Temptation of the Central Bankers: Keeping global megabanks in business and highly profitable has become a key objective for policymakers. All too often, however, this means that central bankers defer to these firms’ executives

JAN 30, 2014

Simon Johnson, a former chief economist of the IMF, is a professor at MIT Sloan, a senior fellow at the Peterson Institute for International Economics, and co-founder of a leading economics blog, The Baseline Scenario. He is the co-author, with James Kwak, of White House Burning: The Founding Fathers, Our National Debt, and Why It Matters to You.
The Temptation of the Central Bankers

WASHINGTON, DC – The banking system has become most central bankers’ Achilles’ heel. This may seem paradoxical – after all, the word “bank” is in their job description. But most people currently at the top of our central banks built their careers during the 1980’s and 1990’s, when the threat of inflation was still very real, so this – rather than bank regulation and supervision – remains a major focus of their intellectual and practical concerns. Read more of this post

Malaysia’s capital city KL celebrates the 40th anniversary of the creation of the Federal Territory

Updated: Friday January 31, 2014 MYT 6:55:32 AM

A birthday wish for Kuala Lumpur


The city has come of age and won accolades, but there is also room for improvement.

HAPPY Birthday Kuala Lumpur!

Our capital city celebrates the 40th anniversary of the creation of the Federal Territory tomorrow and boy has it come a long way. Read more of this post

Do High Interest Rates Defend Currencies During Speculative Attacks?

Do High Interest Rates Defend Currencies During Speculative Attacks?

by Tyler Cowen on January 29, 2014 at 12:01 am in Current AffairsEconomics | Permalink

That is the question posed by a paper (pdf) by Aart Kraay of the World Bank, written in 2001 and focusing mainly on fixed exchange rate scenarios.  It seems the high rates do not protect currency values, here is the abstract: Read more of this post

Devaluation stations: Et tu China?

Devaluation stations: Et tu China?

Izabella Kaminska

| Jan 30 13:50 | 6 comments Share


Lombard Street’s Charles Dumas charts the overvaluation of the Chinese currency:


As he notes, 2011 was the first year that evidence for an overvalued yuan began to emerge: Read more of this post

What’s a chengyu for ‘subprime is contained’?

What’s a chengyu for ‘subprime is contained’?

Joseph Cotterill

| Jan 28 13:18 | 14 comments Share

There is a nice chengyu in the latest note from Bin Gao, BofAML’s China rates strategist: 居安思危, ‘be prepared’.

Oh yes, and the note also compares this week’s rescue of Credit Equals Gold No.1 to a Bear Stearns moment for China. Read more of this post

Every Leader’s Real Audience

Every Leader’s Real Audience

by Rosabeth Moss Kanter  |   2:53 PM January 30, 2014

You deliver a big public speech to a group of potential investors who can make or break your results. You prepare it knowing that it could be a milestone in the turnaround of your institution. But who else is listening most intently? Your own team of implementers. They couldn’t care less about ringing rhetoric quotable by future generations. They want to know whether to update their resumes or renew their commitment to the work. Read more of this post

Myanmar risk: Alert – Banking reform begins to take shape

Myanmar risk: Alert – Banking reform begins to take shape

January 28th 2014


Progress is being made toward opening up the country’s banking sector to foreign involvement, a reform that was first announced last year. However, it will be a challenging process, and one that will prove a tricky balancing act in order to ensure that the local banking system is also adequately developed. Read more of this post

Forget sports and dressing-up – it’s time to put the tea into team-building; The best way to learn to trust one’s colleagues is via daily interactions, such as a cuppa in cyberspace

Forget sports and dressing-up – it’s time to put the tea into team-building

The best way to learn to trust one’s colleagues is via daily interactions, such as a cuppa in cyberspace

By Graeme Archer

8:14PM GMT 17 Jan 2014

One of the most enjoyable aspects of my work can also be one of the most frustrating. My team is spread over four sites in two countries: from North Carolina to Pennsylvania to, er, Uxbridge and Stevenage. Working across the Atlantic is fun, but it can also – in this age of austerity, when air travel is discouraged – make team-building more difficult. Read more of this post

Lenovo CEO on Apple, Samsung: ‘Our mission is to surpass them’; In an interview with Fortune, Yuanqing Yang says that his company seeks to replicate its ThinkPad success with Motorola

Lenovo CEO on Apple, Samsung: ‘Our mission is to surpass them’

By Miguel Helft, senior writer January 30, 2014: 4:01 PM ET

In an interview with Fortune, Yuanqing Yang says that his company seeks to replicate its ThinkPad success with Motorola.


FORTUNE — Fresh from signing a $2.91 billion deal with Larry Page to acquire Google’s Motorola unit, Lenovo CEO Yuanqing Yang spoke to Motorola employees for 45 minutes at the latter company’s headquarters outside of Chicago on Thursday. Immediately after that meeting, Yang discussed the deal and Lenovo’s plans to compete in the smartphone market with Fortune. Read more of this post

5 Ways Great Writing Skills Can Help You Get Ahead

5 Ways Great Writing Skills Can Help You Get Ahead


Until recently, strong communication was considered a business soft skill, one that might be relegated to the end of your resume along with playing an instrument and speaking Farsi. Now, effective communication is key to business promotion, company marketing, team building and facilitating a healthy company environment. Read more of this post

Dark Side Of Capital In Emerging Markets

Dark Side Of Capital In Emerging Markets

JAN. 30, 2014


It is no fun to be a central banker in an emerging-market country when investors suddenly grow doubtful.

If you don’t do what the foreign investors say you should do, your currency and your markets will be punished. Read more of this post

As I Was Saying About Web Journalism … a Bubble, or a Lasting Business? Ezra Klein’s decision to leave The Washington Post for Vox Media reflects the growing influence of new players in online journalism

As I Was Saying About Web Journalism … a Bubble, or a Lasting Business?

JAN. 29, 2014

David Carr

Last week, it occurred to me that the departure of Ezra Klein, the creator of The Washington Post’s influential Wonkblog, to join the young company Vox Media was a bit of a moment — an inflection point in the emergence of a news economy online. When I pitched a column about it, my long-suffering editor said, “Please don’t explain the Internet to people, David.” Read more of this post

5 Reasons Disney’s ‘Frozen’ Is Killing It At Theaters

5 Reasons Disney’s ‘Frozen’ Is Killing It At Theaters


JAN. 29, 2014, 7:21 PM 6,562 5

“Frozen” has already made more than $800 million at the box office worldwide.

Like the Polar Vortex, Frozen has swept across the world, whipping kids into a crystal frenzy, lightening parents’ wallets as of this past weekend by over $810 million. The Disney picture just surpassed “The Lion King” to become the second most successful original animated feature, and it has “Finding Nemo” in its sights. Read more of this post

13 Quotes That Show Why Libertarian Tech Billionaire Peter Thiel Is A Scary Genius

13 Quotes That Show Why Libertarian Tech Billionaire Peter Thiel Is A Scary Genius


JAN. 29, 2014, 9:28 PM 216,226 38

Peter Thiel, renaissance man.

It isn’t easy to pinpoint exactly what Peter Thiel is most famous for. His interests range from the mundane (online payments) to the fringes of scientific thought (immortality and floating cities).

He’s a libertarian. But he has also funded the secretive data-mining company Palantir, which works for the FBI and the CIA. Read more of this post

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