http://www.businessinsider.com en-us Sat, 21 Nov 2009 03:35:12 -0500 Sat, 21 Nov 2009 03:35:12 -0500 The latest news from The Business Insider http://feedproxy.google.com/~r/Techcrunch/~3/k9KaKc9SXBs/ http://feedproxy.google.com/~r/businessinsider/~3/HfPvyRt7Si0/ Fri, 20 Nov 2009 20:30:00 -0500 TechCrunch <p><img class="float_right" src="http://static.businessinsider.com/~~/f?id=4b074c7c000000000055f24a" border="0" alt="Paul Buchheit FriendFeed Facebook Gmail" /></p><p>&ldquo;Email is not going to disappear. Possibly ever. Until the robots kill us all.&rdquo; &ndash; Paul Buchheit, creator of Gmail, co-founder of FriendFeed, currently doing vague infrastructure things at Facebook. Today, at our RealTime CrunchUp event in San Francisco, Buchheit and Threadsy foun...</p> <p><strong><a href="http://feedproxy.google.com/~r/Techcrunch/~3/k9KaKc9SXBs/">Continue reading &raquo;</a></strong></p> <p><em>Photo: <a href="http://www.flickr.com/photos/mathoov/2429733312/">mathoov</a></em><strong><br /></strong></p><p><a href="http://feedproxy.google.com/~r/Techcrunch/~3/k9KaKc9SXBs/#comments">Join the conversation about this story &#187;</a></p> <p><a href="http://feedads.g.doubleclick.net/~a/23gAr4g5lSgu-GBAtZOoLnoMbuk/0/da"><img src="http://feedads.g.doubleclick.net/~a/23gAr4g5lSgu-GBAtZOoLnoMbuk/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/23gAr4g5lSgu-GBAtZOoLnoMbuk/1/da"><img src="http://feedads.g.doubleclick.net/~a/23gAr4g5lSgu-GBAtZOoLnoMbuk/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=HfPvyRt7Si0:m84Fa159RVg:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=HfPvyRt7Si0:m84Fa159RVg:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=HfPvyRt7Si0:m84Fa159RVg:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=HfPvyRt7Si0:m84Fa159RVg:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=HfPvyRt7Si0:m84Fa159RVg:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=HfPvyRt7Si0:m84Fa159RVg:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=HfPvyRt7Si0:m84Fa159RVg:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=HfPvyRt7Si0:m84Fa159RVg:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/HfPvyRt7Si0" height="1" width="1"/> http://feedproxy.google.com/~r/Techcrunch/~3/k9KaKc9SXBs/ http://www.businessinsider.com/glenn-becks-success-by-the-numbers-2009-11 http://feedproxy.google.com/~r/businessinsider/~3/APCk6f5B_y4/glenn-becks-success-by-the-numbers-2009-11 Fri, 20 Nov 2009 18:14:55 -0500 Erin Carlson <p><img class="float_right" src="http://static.businessinsider.com/~~/f?id=4b0720700000000000d48d97" border="0" alt="glenn7.jpg" /></p><p>Glenn Beck has a plan, and he's deadly serious about it.</p> <p>The mega-popular Fox news host/evangelist will unveil an initiative called "The Plan" in Florida tomorrow while on tour to promote his book, "Arguing With Idiots."</p> <p>"This show is changing next year," <a href="http://www.glennbeck.com/content/articles/article/198/33257/">he intoned</a> in an on-air announcement. "We are moving forward -- because I'm tired of it!"</p> <p>Starting in January, Beck says he'll take a different approach to his program.</p> <p>"Get out of debt yourself! The time for reckless spending is over," he told viewers, getting emotional. "They don't get it in Washington, but you must -- you must! -- get it in your own house."</p> <p>Beck's weird charisma has made him very very rich. Forbes estimates he's worth <a href="http://www.forbes.com/lists/2009/53/celebrity-09_Glenn-Beck_QJVA.html">$23 million</a>.</p> <p>Beck has successfully diversifed his brand among radio, TV, web and <a href="http://www.businessinsider.com/glenn-beck-becomes-publishing-legend-with-creepy-childrens-book-2009-11">The New York Times bestseller lists</a>.</p> <p>The St Petersburg Times' Eric Deggans rounds up some facts and figures:</p> <ul> <li>Beck earns an estimated $10 million from his syndicated radio show</li> <li>His live stage shows have netted $2.4 million in estimated revenue.</li> </ul> <p>Read the rest <a href="250,000 people have attended his stage shows since 2004 $2.4 million in estimated revenue.">here</a>.</p><p><a href="http://www.businessinsider.com/glenn-becks-success-by-the-numbers-2009-11#comments">Join the conversation about this story &#187;</a></p><p><b>See Also:</b></p><ul><li><a href="http://www.businessinsider.com/even-glenn-beck-is-getting-in-on-the-dollar-carry-trade-2009-11">Now Even Glenn Beck Is Freaking Out About The Dollar Carry Trade</a></li><li><a href="http://www.businessinsider.com/glenn-beck-becomes-publishing-legend-with-creepy-childrens-book-2009-11">Glenn Beck Becomes Publishing Legend With Creepy Children's Book (NWS)</a></li><li><a href="http://www.businessinsider.com/whats-wrong-with-glenn-beck-2009-11">What's Wrong With Glenn Beck?</a></li></ul> <p><a href="http://feedads.g.doubleclick.net/~a/-ujvRb6LN8e3SsRlVJZAEHTEdDM/0/da"><img src="http://feedads.g.doubleclick.net/~a/-ujvRb6LN8e3SsRlVJZAEHTEdDM/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/-ujvRb6LN8e3SsRlVJZAEHTEdDM/1/da"><img src="http://feedads.g.doubleclick.net/~a/-ujvRb6LN8e3SsRlVJZAEHTEdDM/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=APCk6f5B_y4:crvqj0Z3iTk:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=APCk6f5B_y4:crvqj0Z3iTk:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=APCk6f5B_y4:crvqj0Z3iTk:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=APCk6f5B_y4:crvqj0Z3iTk:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=APCk6f5B_y4:crvqj0Z3iTk:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=APCk6f5B_y4:crvqj0Z3iTk:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=APCk6f5B_y4:crvqj0Z3iTk:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=APCk6f5B_y4:crvqj0Z3iTk:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/APCk6f5B_y4" height="1" width="1"/> http://www.businessinsider.com/glenn-becks-success-by-the-numbers-2009-11 http://www.businessinsider.com/verizon-droid-price-drops-to-120-2009-11 http://feedproxy.google.com/~r/businessinsider/~3/rsvbOfyaBtY/verizon-droid-price-drops-to-120-2009-11 Fri, 20 Nov 2009 18:00:00 -0500 Alaska Miller <p><img class="float_right" src="http://static.businessinsider.com/~~/f?id=4af842730000000000180c70&amp;maxX=346&amp;maxY=260" border="0" alt="droid-does-tbi.jpg" width="346" height="260" /></p><p>Verizon's iPhone-rival Motorola Droid has been out for only a few weeks and it's already seeing price cuts from some retailers.</p> <p>Verizon is still selling the phone for $200, but Amazon.com has a new Droid with contract for $150. Dell is taking the aggressive stance and offering the Droid for <a href="http://mobility.dell.com/template/simpleautocontent.aspx?pageid=6526&amp;r=dellmobility&amp;refcode1=DMS_1119_004_HOTENAHOMEDROID">$120</a>.</p> <p>Does this mean the Droid is a flop? No. Verizon's most important sales period will be the month before Christmas and the week after it -- not right now.</p> <p>And anyway, most phone sales go direct through carrier stores (or retail affiliates). This is simply a few third-party distributors further subsidizing the Droid's price against the bounty they get for selling phone contracts.</p> <p><strong>Don't miss: <a href="../google-giving-verizon-droid-rare-massive-promotional-push-2009-11" target="_blank">Google Giving Verizon Droid Rare, Massive Promotional Push</a></strong></p><p><a href="http://www.businessinsider.com/verizon-droid-price-drops-to-120-2009-11#comments">Join the conversation about this story &#187;</a></p><p><b>See Also:</b></p><ul><li><a href="http://www.businessinsider.com/google-giving-verizon-droid-rare-massive-promotional-push-2009-11">Google Giving Verizon Droid Rare, Massive Promotional Push (GOOG, VZ, MOT)</a></li><li><a href="http://www.businessinsider.com/live-droid-lines-around-the-country-2009-11">UPDATED: Tiny Droid Lines Around The Country (MOT, GOOG, VZ)</a></li><li><a href="http://www.businessinsider.com/mossberg-on-the-droid-the-best-verizon-has-to-offer-2009-11">Mossberg On The Droid: The Best Verizon Has To Offer (VZ, MOT, AAPL)</a></li></ul> <p><a href="http://feedads.g.doubleclick.net/~a/crybE6oT7bOj9JyFqrigNciO9fM/0/da"><img src="http://feedads.g.doubleclick.net/~a/crybE6oT7bOj9JyFqrigNciO9fM/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/crybE6oT7bOj9JyFqrigNciO9fM/1/da"><img src="http://feedads.g.doubleclick.net/~a/crybE6oT7bOj9JyFqrigNciO9fM/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=rsvbOfyaBtY:xMSuORJzcqs:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=rsvbOfyaBtY:xMSuORJzcqs:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=rsvbOfyaBtY:xMSuORJzcqs:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=rsvbOfyaBtY:xMSuORJzcqs:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=rsvbOfyaBtY:xMSuORJzcqs:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=rsvbOfyaBtY:xMSuORJzcqs:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=rsvbOfyaBtY:xMSuORJzcqs:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=rsvbOfyaBtY:xMSuORJzcqs:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/rsvbOfyaBtY" height="1" width="1"/> http://www.businessinsider.com/verizon-droid-price-drops-to-120-2009-11 http://www.businessinsider.com/blonde-suing-hedgie-was-one-of-three-marks-angels-2009-11 http://feedproxy.google.com/~r/businessinsider/~3/pl91yB1SdNE/blonde-suing-hedgie-was-one-of-three-marks-angels-2009-11 Fri, 20 Nov 2009 17:57:00 -0500 Courtney Comstock <p><img class="float_right" src="http://static.businessinsider.com/~~/f?id=4b071cd3000000000028f824&amp;maxX=300&amp;maxY=356" border="0" alt="asian angel" width="300" height="356" /></p><p>The latest claim from Jordan Wimmer -- the UK hedge fund employee suing her former boss -- is that she was one of three "Mark's Angels" hired to lure millionaire investors to his fund, Nomos Capital, according to <a href="http://www.dailymail.co.uk/news/article-1229625/Marks-Angels-The-glamorous-women-hired-millionaire-financier-lure-investors.html#ixzz0XRR8KWbD ">The Daily Mail</a>.</p> <p>Among the allegations she's brought so far: He made her watch a lapdance, he talked a lot about his Asian fetish, and he was demeaning to her, making fun of her hair color and intelligence. Now, she says, Mark Lowe also used to brag about her and the other two "Charlie's Angels" when he introduced them to potential investors. (Pictured is Carol Teng, Lowe's "Asian Angel.")</p> <p>He says the allegations are outrageous, but also admits that men would be more likely to call them back, so hiring them made "good commercial sense."</p> <p>Wimmer is suing Lowe for sexual discrimination, sexual harassment and constructive dismissal.</p> <p>Read <a href="http://www.dailymail.co.uk/news/article-1229625/Marks-Angels-The-glamorous-women-hired-millionaire-financier-lure-investors.html#ixzz0XRR8KWbD ">more here</a>.</p><p><a href="http://www.businessinsider.com/blonde-suing-hedgie-was-one-of-three-marks-angels-2009-11#comments">Join the conversation about this story &#187;</a></p><p><b>See Also:</b></p><ul><li><a href="http://www.businessinsider.com/accused-hedge-funder-was-terrible-at-making-dumb-blonde-jokes-2009-11">Accused Hedge Funder Was Terrible At Making Dumb-Blonde Jokes</a></li><li><a href="http://www.businessinsider.com/the-hermitage-saga-turns-tragic-as-fund-lawyer-dies-in-jail-2009-11">The Hermitage Saga Turns Tragic As Fund Lawyer Dies In Jail</a></li><li><a href="http://www.businessinsider.com/coincidence-both-big-insider-trading-busts-came-on-days-of-big-hedge-fund-conferences-2009-11">Coincidence? Both Big Insider Trading Busts Came On Days Of Big Hedge Fund Conferences</a></li></ul> <p><a href="http://feedads.g.doubleclick.net/~a/ZCRjcRdsVSl6FHEhwB2ie94Tdjs/0/da"><img src="http://feedads.g.doubleclick.net/~a/ZCRjcRdsVSl6FHEhwB2ie94Tdjs/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/ZCRjcRdsVSl6FHEhwB2ie94Tdjs/1/da"><img src="http://feedads.g.doubleclick.net/~a/ZCRjcRdsVSl6FHEhwB2ie94Tdjs/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=pl91yB1SdNE:23HW7eWckPQ:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=pl91yB1SdNE:23HW7eWckPQ:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=pl91yB1SdNE:23HW7eWckPQ:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=pl91yB1SdNE:23HW7eWckPQ:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=pl91yB1SdNE:23HW7eWckPQ:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=pl91yB1SdNE:23HW7eWckPQ:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=pl91yB1SdNE:23HW7eWckPQ:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=pl91yB1SdNE:23HW7eWckPQ:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/pl91yB1SdNE" height="1" width="1"/> http://www.businessinsider.com/blonde-suing-hedgie-was-one-of-three-marks-angels-2009-11 http://www.businessinsider.com/espn-suspends-superstar-writer-bill-simmons-from-using-twitter-2009-11 http://feedproxy.google.com/~r/businessinsider/~3/tb2ig8NZByY/espn-suspends-superstar-writer-bill-simmons-from-using-twitter-2009-11 Fri, 20 Nov 2009 17:55:00 -0500 Jay Yarow <p><img class="float_right" src="http://static.businessinsider.com/~~/f?id=4b071d2e000000000088e3ae" border="0" alt="bill simmons" /></p><p>ESPN is suspending its hotshot writer Bill Simmons from Twitter for two weeks.</p> <p>The reason: He started mouthing off at Boston sports station WEEI on Twitter. WEEI is an ESPN partner.</p> <p>Simmons Tweeted, "Hey WEEI: You were wrong, I did a Boston interview today. With your competition. Rather give them ratings over deceitful scumbags like you." It looks like he has since deleted the Tweet. <a href="http://www.mediaite.com/online/bill-simmons-suspended-from-using-twitter-under-espn-guidelines/"></a></p> <p>It's a bit odd for someone to be suspended from a third-party platform, but Simmons is their most popular writer. Whatever he says will be associated with ESPN. He has over a million followers on Twitter.</p> <p><a href="http://www.mediaite.com/online/bill-simmons-suspended-from-using-twitter-under-espn-guidelines/">Mediaite has the full story</a>.</p> <p>image: <a href="http://deadspin.com/5358317/the-sports-fella-now-sponsored-by-crappy-beer">Deadspin</a></p><p><a href="http://www.businessinsider.com/espn-suspends-superstar-writer-bill-simmons-from-using-twitter-2009-11#comments">Join the conversation about this story &#187;</a></p><p><b>See Also:</b></p><ul><li><a href="http://www.businessinsider.com/the-next-twitter-pay-attention-to-hot-potato-a-new-real-time-startup-2009-11">The Next Twitter: Pay Attention To Hot Potato, A New 'Real-Time' Startup</a></li><li><a href="http://www.businessinsider.com/how-will-twitter-make-money-make-you-love-it-2009-11">Here Come Twitter Ads, Says Twitter COO</a></li><li><a href="http://www.tbiresearch.com/twitter-users-are-surprisingly-receptive-to-ads-chart-2009-11">Twitter Users Are Surprisingly Receptive To Ads</a></li></ul> <p><a href="http://feedads.g.doubleclick.net/~a/bnuTvL7mXsGkLMo2JqPa9JQGlRw/0/da"><img src="http://feedads.g.doubleclick.net/~a/bnuTvL7mXsGkLMo2JqPa9JQGlRw/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/bnuTvL7mXsGkLMo2JqPa9JQGlRw/1/da"><img src="http://feedads.g.doubleclick.net/~a/bnuTvL7mXsGkLMo2JqPa9JQGlRw/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=tb2ig8NZByY:wmSD9FQPxpk:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=tb2ig8NZByY:wmSD9FQPxpk:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=tb2ig8NZByY:wmSD9FQPxpk:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=tb2ig8NZByY:wmSD9FQPxpk:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=tb2ig8NZByY:wmSD9FQPxpk:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=tb2ig8NZByY:wmSD9FQPxpk:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=tb2ig8NZByY:wmSD9FQPxpk:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=tb2ig8NZByY:wmSD9FQPxpk:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/tb2ig8NZByY" height="1" width="1"/> http://www.businessinsider.com/espn-suspends-superstar-writer-bill-simmons-from-using-twitter-2009-11 http://www.businessinsider.com/scott-rothstein-victims-sue-td-bank-2009-11 http://feedproxy.google.com/~r/businessinsider/~3/A3Ux8wJer9E/scott-rothstein-victims-sue-td-bank-2009-11 Fri, 20 Nov 2009 17:52:00 -0500 Lawrence Delevingne <p><img class="float_right" src="http://static.businessinsider.com/~~/f?id=4b0454af0000000000164924" border="0" alt="scott rothstein" /></p><p>And here they come.</p> <p>Victims of Scott Rothstein's alleged $1 billion Ponzi scheme are looking to get their money back, and the lawsuits are piling up.</p> <p>Some, like businessman Todd Snyder, are going after Rothstein himself. Snyder says he put in $2 million to buy part of Rothstein's purported $500 million settlement with Dole Food, according to the <em><a href="http://www.miamiherald.com/news/broward/story/1343136.html">Miami Herald</a></em>.</p> <p>Others are looking beyond the still-free south Florida lawyer. A major lawsuit announced today takes aim at Toronto Dominion (TD) Bank, saying it was the "financial epicenter" of the fraud.</p> <p style="padding-left: 30px;"><em><a href="http://blogs.browardpalmbeach.com/pulp/2009/11/bill_scherer_rothstein_lawsuit.php">Bob Norman/New Times</a></em>: "TD Bank conspired, induced, and facilited the Principal Conspirators' deceptive practices, allowing Principal Conspirators to divert hundreds of millions of investor dollars through TD Bank accounts," Scherer wrote in the lawsuit.</p> <p style="padding-left: 30px;">Named individually at the bank is Frank Spinosa, who worked closely with Rothstein on the accounts, TD Bank assistant manager Jennifer Kerstetter,&nbsp;and TD branch manager Roseanne Caretsky. Scherer writes that all three "participated in the scheme by ... meeting with investors, verifying account statements and providing investors with purported irrevocable 'lock letters' securing investor funds."</p> <p>Here's a video of attorney Bill Scherer talking to the press today:</p> <p> <object width="560" height="340"> <param name="movie" value="http://www.youtube.com/v/_2z1WjfbDT0&amp;hl=en_US&amp;fs=1&amp;" /> <param name="allowFullScreen" value="true" /> <param name="allowscriptaccess" value="always" /><embed type="application/x-shockwave-flash" width="560" height="340" src="http://www.youtube.com/v/_2z1WjfbDT0&amp;hl=en_US&amp;fs=1&amp;" allowscriptaccess="always" allowfullscreen="true"></embed> </object> </p> <p>And here's the full filing:</p> <p><a href="http://www.scribd.com/doc/22820191/Bill-Scherer-Files-Suit-Against-Rothstein-Et-Al" title="View Bill Scherer Files Suit Against Rothstein Et Al on Scribd">Bill Scherer Files Suit Against Rothstein Et Al </a> <object id="doc_386172410321355" classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="100%" height="500" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=9,0,0,0" name="doc_386172410321355" align="middle"> <param name="movie" value="http://d1.scribdassets.com/ScribdViewer.swf?document_id=22820191&amp;access_key=key-8n3wo1l1at6rxe5ios3&amp;page=1&amp;version=1&amp;viewMode=list" /> <param name="quality" value="high" /> <param name="play" value="true" /> <param name="loop" value="true" /> <param name="scale" value="showall" /> <param name="wmode" value="opaque" /> <param name="devicefont" value="false" /> <param name="bgcolor" value="#ffffff" /> <param name="menu" value="true" /> <param name="allowFullScreen" value="true" /> <param name="allowScriptAccess" value="always" /> <param name="salign" /> <param name="mode" value="list" /> <embed type="application/x-shockwave-flash" width="100%" height="500" src="http://d1.scribdassets.com/ScribdViewer.swf?document_id=22820191&amp;access_key=key-8n3wo1l1at6rxe5ios3&amp;page=1&amp;version=1&amp;viewMode=list" quality="high" pluginspage="http://www.macromedia.com/go/getflashplayer" play="true" loop="true" scale="showall" wmode="opaque" devicefont="false" bgcolor="#ffffff" name="doc_386172410321355_object" menu="true" allowfullscreen="true" allowscriptaccess="always" mode="list" align="middle"></embed> </object> </p> <p><em>Image: <a href="http://www.page2live.com/2009/11/16/whos-scott-rothstein-oh-that-guy/">page2live.com</a></em></p><p><a href="http://www.businessinsider.com/scott-rothstein-victims-sue-td-bank-2009-11#comments">Join the conversation about this story &#187;</a></p><p><b>See Also:</b></p><ul><li><a href="http://www.businessinsider.com/scott-rothstein-asks-to-be-disbarred-2009-11">Scott Rothstein Asks For His Own Disbarment</a></li><li><a href="http://www.businessinsider.com/11-ways-scott-rothstein-spent-his-likely-stolen-money-2009-11">How Scott Rothstein Spent His (Allegedly) Stolen Money</a></li><li><a href="http://www.businessinsider.com/report-scott-rothstein-kept-personal-stripper-at-hotel-2009-11"> Scott Rothstein Kept Personal Stripper At The Ritz-Carlton In Ft. Lauderdale</a></li></ul> <p><a href="http://feedads.g.doubleclick.net/~a/5fekoz6Kj1KRhA7nTUhq7_D1PR8/0/da"><img src="http://feedads.g.doubleclick.net/~a/5fekoz6Kj1KRhA7nTUhq7_D1PR8/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/5fekoz6Kj1KRhA7nTUhq7_D1PR8/1/da"><img src="http://feedads.g.doubleclick.net/~a/5fekoz6Kj1KRhA7nTUhq7_D1PR8/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=A3Ux8wJer9E:FW3_ckekjJo:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=A3Ux8wJer9E:FW3_ckekjJo:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=A3Ux8wJer9E:FW3_ckekjJo:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=A3Ux8wJer9E:FW3_ckekjJo:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=A3Ux8wJer9E:FW3_ckekjJo:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=A3Ux8wJer9E:FW3_ckekjJo:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=A3Ux8wJer9E:FW3_ckekjJo:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=A3Ux8wJer9E:FW3_ckekjJo:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/A3Ux8wJer9E" height="1" width="1"/> http://www.businessinsider.com/scott-rothstein-victims-sue-td-bank-2009-11 http://www.businessinsider.com/chart-of-the-day-daily-share-of-youtubes-monetized-views-2009-11 http://feedproxy.google.com/~r/businessinsider/~3/TEY2r7rjFvI/chart-of-the-day-daily-share-of-youtubes-monetized-views-2009-11 Fri, 20 Nov 2009 17:34:00 -0500 Jay Yarow and Kamelia Angelova <div style="float: right; margin: 15px 0 20px 20px;"> <table border="0" cellspacing="0" cellpadding="0"> <tbody> <tr> <td colspan="2"><a href="http://www.businessinsider.com/chart-of-the-day"><img src="http://static.businessinsider.com/~~/f?id=4a32b8394b543722009a9671&amp;maxX=111&amp;maxY=24" border="0" alt="button more charts" width="111" height="24" /></a></td> </tr> <tr> <td><a href="http://www.businessinsider.com/chart-of-the-day"><img src="http://static.businessinsider.com/~~/f?id=4a32b8424b543722009a967a" border="0" alt="button chart prev" /></a></td> <td><a href="http://www.businessinsider.com/chart-of-the-day-netflix-takes-off-as-blockbuster-shrinks-2009-11"><img src="http://static.businessinsider.com/~~/f?id=4a32b84d4b543722009a9685" border="0" alt="button chart next" /></a></td> </tr> </tbody> </table> </div> <p>Music videos from Sony and Universal on YouTube have more advertising sold against them than any other group, according to analysis from TubeMogul.</p> <p>Below is an approximation of the daily share of YouTube's monetized views based on the number of videos that carry ads in YouTube's daily top 100 most-viewed.</p> <p>This is why Sony, Universal, and YouTube are teaming up to launch Vevo, the big web music video site, December 8th. According to TubeMogul, 3.94% of YouTube's daily views come from the two labels.</p> <p>This also shows how broad YouTube's base of publishers is, since only two represent more than 1% of the daily share of monetized views.</p> <p><img class="chartOfTheDay" src="http://static.businessinsider.com/~~/f?id=4b0715bb00000000001b0aae" border="0" alt="sai112009-youtube-moneyviews.gif" /></p> <hr /> <p>Follow the Chart Of The Day on Twitter: <a href="https://twitter.com/chartoftheday">www.twitter.com/chartoftheday</a></p> <hr /> <h3>Get This Delivered To Your Inbox</h3> <p>You can get this dropped in your inbox every afternoon as <strong>The Chart Of The Day</strong>. It's a simple. It's convenient. It's free. All we need is your email address (though we'd love your name and state, too, if you're willing to share it).&nbsp; Sign up below!</p> <div style="clear: both; padding-top: 1em;"><form style="display: inline;" action="http://alleyinsider.puresendmail.com/cast/list/ListUser" method="post"> <input name="command" type="hidden" value="sub" /> <input name="lid" type="hidden" value="2227" /> <input name="vc" type="hidden" value="-1159025479" /> <input name="pwv" type="hidden" value="alleysubscribe1!" /> <input name="ok" type="hidden" value="http://www.businessinsider.com/thank-you" /> <input name="error" type="hidden" value="http://www.businessinsider.com/newsletter-sign-up-error" /> <input name="appmsg" type="hidden" value="Message_Parameter_Name" /> <input name="this" type="hidden" value="http://www.businessinsider.com/newsletter" /> <table style="height: 80px; width: 610px;" border="0" cellspacing="2" cellpadding="2"> <tbody> <tr> <td><strong><label style="width: 6em; float: left;">Email</label></strong><input name="email" size="30" type="text" /></td> <td><label style="width: 6em; float: left;">State</label><input name="state" size="3" type="text" /></td> </tr> <tr> <td><label style="width: 6em; float: left;">First Name</label><input name="first" size="30" type="text" /></td> <td><label style="width: 6em; float: left;">Last Name</label><input name="last" size="30" type="text" /></td> </tr> </tbody> </table> <input name="optin" type="hidden" value="on" /><input class="enewsbutton" type="submit" value="Sign Up" /> </form></div><p><a href="http://www.businessinsider.com/chart-of-the-day-daily-share-of-youtubes-monetized-views-2009-11#comments">Join the conversation about this story &#187;</a></p><p><b>See Also:</b></p><ul><li><a href="http://www.businessinsider.com/chart-of-the-day-wealthy-print-readers-2009-11">CHART OF THE DAY: The Journal Has The Richest Readership Among Print Pubs (NWS, NYT)</a></li><li><a href="http://www.businessinsider.com/chart-of-the-day-netflix-takes-off-as-blockbuster-shrinks-2009-11">CHART OF THE DAY: Netflix Takes Off As Blockbuster Fades (NFLX, BBI)</a></li><li><a href="http://www.businessinsider.com/chart-of-the-day-yahoo-search-2009-11">CHART OF THE DAY: Yahoo's Search Business Is Toast (YHOO, GOOG, MSFT)</a></li></ul> <p><a href="http://feedads.g.doubleclick.net/~a/mYLCSfWWpghoHF64F4FyEZEkg3k/0/da"><img src="http://feedads.g.doubleclick.net/~a/mYLCSfWWpghoHF64F4FyEZEkg3k/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/mYLCSfWWpghoHF64F4FyEZEkg3k/1/da"><img src="http://feedads.g.doubleclick.net/~a/mYLCSfWWpghoHF64F4FyEZEkg3k/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=TEY2r7rjFvI:a11w2_Zn5ko:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=TEY2r7rjFvI:a11w2_Zn5ko:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=TEY2r7rjFvI:a11w2_Zn5ko:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=TEY2r7rjFvI:a11w2_Zn5ko:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=TEY2r7rjFvI:a11w2_Zn5ko:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=TEY2r7rjFvI:a11w2_Zn5ko:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=TEY2r7rjFvI:a11w2_Zn5ko:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=TEY2r7rjFvI:a11w2_Zn5ko:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/TEY2r7rjFvI" height="1" width="1"/> http://www.businessinsider.com/chart-of-the-day-daily-share-of-youtubes-monetized-views-2009-11 http://www.businessinsider.com/the-9-billion-check-to-rescued-morgan-stanley-2009-11 http://feedproxy.google.com/~r/businessinsider/~3/rTYV8Kylbic/the-9-billion-check-to-rescued-morgan-stanley-2009-11 Fri, 20 Nov 2009 17:25:00 -0500 John Carney <p>As explained in Andrew Ross Sorkin's <a href="http://www.amazon.com/Too-Big-Fail-Washington-FinancialSystem/dp/0670021253/ref=pd_sim_b_3">Too Big to Fail</a>, Morgan Stanley received a $9 billion investment from Mitsubishi UFJ in the fall of 2008 that kept the firm from collapsing.</p> <p>The payment was supposed to be wired electronically, which is how most large banking transactions are done. But because it needed to be made on an emergency basis on Columbus Day, when banks in the US and Japan were closed, Mitsubishi cut a physical check. Sorkin, <a href="http://www.andrewrosssorkin.com/?p=355">on his book blog</a>, says that this may have been the largest ever written.</p> <p>Below is a copy of the $9,000,000,000.00 check.</p> <p><img src="http://static.businessinsider.com/~~/f?id=4b07160900000000009bcf26" border="0" alt="picture 126.png" /></p><p><a href="http://www.businessinsider.com/the-9-billion-check-to-rescued-morgan-stanley-2009-11#comments">Join the conversation about this story &#187;</a></p><p><b>See Also:</b></p><ul><li><a href="http://www.businessinsider.com/do-wall-street-executives-defecate-in-their-pants-when-andrew-ross-sorkin-calls-them-2009-11">Do Wall Street Executives &quot;Defecate In Their Pants&quot; When Andrew Ross Sorkin Calls Them</a></li><li><a href="http://www.businessinsider.com/shocker-sorkin-drops-more-f-bombs-than-gasparino-does-2009-11">SHOCKER: Sorkin Drops More F-Bombs Than Gasparino Does</a></li><li><a href="http://www.businessinsider.com/wow-andrew-ross-sorkins-book-is-enormous-2009-10">Wow! Andrew Ross Sorkin's Book Is Enormous</a></li></ul> <p><a href="http://feedads.g.doubleclick.net/~a/JBSKUkeAR0YpFt2-pUxgvhMpROw/0/da"><img src="http://feedads.g.doubleclick.net/~a/JBSKUkeAR0YpFt2-pUxgvhMpROw/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/JBSKUkeAR0YpFt2-pUxgvhMpROw/1/da"><img src="http://feedads.g.doubleclick.net/~a/JBSKUkeAR0YpFt2-pUxgvhMpROw/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=rTYV8Kylbic:-GRBxpSDMbo:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=rTYV8Kylbic:-GRBxpSDMbo:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=rTYV8Kylbic:-GRBxpSDMbo:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=rTYV8Kylbic:-GRBxpSDMbo:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=rTYV8Kylbic:-GRBxpSDMbo:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=rTYV8Kylbic:-GRBxpSDMbo:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=rTYV8Kylbic:-GRBxpSDMbo:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=rTYV8Kylbic:-GRBxpSDMbo:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/rTYV8Kylbic" height="1" width="1"/> http://www.businessinsider.com/the-9-billion-check-to-rescued-morgan-stanley-2009-11 http://www.businessinsider.com/whining-goldman-shareholders-might-be-hurting-individual-long-term-investors-2009-11 http://feedproxy.google.com/~r/businessinsider/~3/hbjEJ_jYXP8/whining-goldman-shareholders-might-be-hurting-individual-long-term-investors-2009-11 Fri, 20 Nov 2009 16:55:00 -0500 John Carney <p><img class="float_right" src="http://static.businessinsider.com/~~/f?id=4b01a23900000000000a88b0" border="0" alt="goldman protest" /></p><p>Ordinary shareholders of Goldman Sachs should be worried about the Wall Street Journal report that major shareholders of Goldman Sachs have been putting pressure on the firm to cut down on its compensation.<br /><br />The Journal didn&rsquo;t explain who these major shareholders might be. But we can imagine they are professional money managers whose interests diverge markedly from retail investors in the investment bank.<br /><br />Individual investors who are saving for retirement often plan to hold stock for the long haul. And over the time that Goldman has been a public company, its shares have seen annualized total returns of better than 10% while the S&amp;P has actually contracted slightly. In short, Goldman has been a decent long term bet.<br /><br />Professional money managers often have far shorter term gains in mind. For any given company, they often want to maximize current returns over long term gains. They can seek long term gains by serial exploitation of companies that are sold once they have been depleted of short-term opportunities.<br /><br />Goldman is heavily owned by institutional investors, so this divergence has long been a danger to individual investors. This is actually one reason that individuals investors should try to avoid picking stocks. <br /><br />But media reports of resistance to Goldman&rsquo;s high levels of compensation may be too gullibly accepting the pleading of special interest professional money managers who would love to include a &ldquo;special dividend&rdquo; in their investment earnings, even if that was not in the long term interest of keeping Goldman a healthy company.<br /><br />Goldman&rsquo;s returns, which have consistently beat its Wall Street rivals, are probably not possible without outsized compensation. The highly compensated individuals would simply find elsewhere to work. Lower paid junior staffers might also flee to rivals, where the work climate is often more relaxed than the &ldquo;all Goldman, all the time&rdquo; grind at 85 Broad Street.</p><p><a href="http://www.businessinsider.com/whining-goldman-shareholders-might-be-hurting-individual-long-term-investors-2009-11#comments">Join the conversation about this story &#187;</a></p><p><b>See Also:</b></p><ul><li><a href="http://www.businessinsider.com/revolt-shareholders-demand-goldman-pay-lower-bonuses-2009-11">Revolt: Shareholders Demand Goldman Pay Lower Bonuses (GS)</a></li><li><a href="http://www.businessinsider.com/garbage-sachs-2009-11">300 Goldman Sachs Employees Will Volunteer As Trash Haulers (GS)</a></li><li><a href="http://www.businessinsider.com/come-on-is-thre-really-a-devry-grad-at-goldman-sachs-2009-11">Come On, Is There Really A Devry Grad At Goldman Sachs? (DV, GS)</a></li></ul> <p><a href="http://feedads.g.doubleclick.net/~a/QnKL7TU9od1KI8MLyu2B_sb2wpM/0/da"><img src="http://feedads.g.doubleclick.net/~a/QnKL7TU9od1KI8MLyu2B_sb2wpM/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/QnKL7TU9od1KI8MLyu2B_sb2wpM/1/da"><img src="http://feedads.g.doubleclick.net/~a/QnKL7TU9od1KI8MLyu2B_sb2wpM/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=hbjEJ_jYXP8:yMwBq1oNEmU:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=hbjEJ_jYXP8:yMwBq1oNEmU:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=hbjEJ_jYXP8:yMwBq1oNEmU:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=hbjEJ_jYXP8:yMwBq1oNEmU:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=hbjEJ_jYXP8:yMwBq1oNEmU:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=hbjEJ_jYXP8:yMwBq1oNEmU:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=hbjEJ_jYXP8:yMwBq1oNEmU:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=hbjEJ_jYXP8:yMwBq1oNEmU:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/hbjEJ_jYXP8" height="1" width="1"/> http://www.businessinsider.com/whining-goldman-shareholders-might-be-hurting-individual-long-term-investors-2009-11 http://www.businessinsider.com/european-soccer-rocked-by-match-fixing-scandal-2009-11 http://feedproxy.google.com/~r/businessinsider/~3/JVcQsmN1cIM/european-soccer-rocked-by-match-fixing-scandal-2009-11 Fri, 20 Nov 2009 16:48:00 -0500 Lawrence Delevingne <p><img class="float_right" src="http://static.businessinsider.com/~~/f?id=4b0711d100000000004652b6&amp;maxX=326&amp;maxY=244" border="0" alt="borussia dortmund" width="326" height="244" /></p><p></p> <div style="float: left; padding: 15px 15px 15px 0;"> <script type="text/javascript">// <![CDATA[ tweetmeme_source = 'lawreview'; tweetmeme_service = 'bit.ly'; // ]]></script> <script src="http://tweetmeme.com/i/scripts/button.js" type="text/javascript"></script> </div> <p>Is European soccer now tainted?</p> <p style="padding-left: 30px;"><a href="http://www.google.com/hostednews/ap/article/ALeqM5jpv70SenuN6lq_NXq2Aqv9WzbxigD9C3DC780"><em>AP</em></a>: German prosecutors investigating match-fixing in soccer say 15 people in Germany and two in Switzerland have been arrested and about 200 games in Europe are under suspicion.</p> <p style="padding-left: 30px;">Police said more than 50 raids have been conducted in Switzerland, Germany and Britain, and documents, $1.48 million in cash and other valuables have been seized.</p> <p style="padding-left: 30px;">Authorities believe they have arrested the leaders of the gang suspected of manipulating games to make money on betting. No identities were released, although they said about 200 people are involved.</p> <p>The alleged scheme was a classic one. The criminal ring is accused of paying players, coaches, referees and officials from soccer leagues to throw games that were bet on by the crooks.&nbsp; They apparently made $14.82 million from the fixed matches.</p> <p>According to the <em>AP</em>, games in nine European countries are believed to have been manipulated, although none in soccer powerhouses England, Spain, Italy, or France. Countries involved are Germany, Belgium, Switzerland, Croatia, Slovenia, Turkey, Hungary, Bosnia and Austria.</p> <p>But it appears three Champions League games and 12 Europa League games were manipulated this year.</p> <p>UEFA <a href="http://www.uefa.com/uefa/keytopics/kind=64/newsid=922086.html">said</a> it "will be demanding the harshest of sanctions before the competent courts for any individuals, clubs or officials who are implicated in this malpractice, be it under state or sports jurisdiction."</p><p><a href="http://www.businessinsider.com/european-soccer-rocked-by-match-fixing-scandal-2009-11#comments">Join the conversation about this story &#187;</a></p><p><b>See Also:</b></p><ul><li><a href="http://www.businessinsider.com/2009/1/roman-abramovich-considering-selling-chelsea-soccer-team">Roman Abramovich Considering Selling Chelsea Soccer Team</a></li><li><a href="http://www.businessinsider.com/15-ways-sports-stars-legal-hot-water-2009-10">JAILBAIT: 15 Ways Sports Stars Go From Field To Cell</a></li><li><a href="http://www.businessinsider.com/10-ways-sports-stars-destroy-their-finances-2009-9">10 Ways Sports Stars Go From Riches To Rags</a></li></ul> <p><a href="http://feedads.g.doubleclick.net/~a/L2GrWDxAJHN9OnufjzZINHX0f7g/0/da"><img src="http://feedads.g.doubleclick.net/~a/L2GrWDxAJHN9OnufjzZINHX0f7g/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/L2GrWDxAJHN9OnufjzZINHX0f7g/1/da"><img src="http://feedads.g.doubleclick.net/~a/L2GrWDxAJHN9OnufjzZINHX0f7g/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=JVcQsmN1cIM:vRqimzbyX8o:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=JVcQsmN1cIM:vRqimzbyX8o:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=JVcQsmN1cIM:vRqimzbyX8o:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=JVcQsmN1cIM:vRqimzbyX8o:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=JVcQsmN1cIM:vRqimzbyX8o:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=JVcQsmN1cIM:vRqimzbyX8o:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=JVcQsmN1cIM:vRqimzbyX8o:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=JVcQsmN1cIM:vRqimzbyX8o:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/JVcQsmN1cIM" height="1" width="1"/> http://www.businessinsider.com/european-soccer-rocked-by-match-fixing-scandal-2009-11 http://www.businessinsider.com/inconvenient-emails-heat-up-global-warming-conspiracy-2009-11 http://feedproxy.google.com/~r/businessinsider/~3/OkQNgWCLJEo/inconvenient-emails-heat-up-global-warming-conspiracy-2009-11 Fri, 20 Nov 2009 16:31:00 -0500 Graham Winfrey <p><img class="float_right" src="http://static.businessinsider.com/~~/f?id=4ac3b294af03e4651dbc5c27" border="0" alt="secret" /></p><p>For anyone waiting for the next Global Warming setback (or just ammunition to fire at the Climate Change greenies), some recent hacking into computers at the University of East Anglia&rsquo;s Climate Research Unit might do the trick.<br /><br />An email chain between &ldquo;prominent scientists&rdquo; allegedly reveals a conspiracy to exaggerate the data behind Global Warming and conceal evidence to the contrary.<br /><br /><a href="http://blogs.telegraph.co.uk/news/jamesdelingpole/100017393/climategate-the-final-nail-in-the-coffin-of-anthropogenic-global-warming/">Telegraph.co.uk</a>:</p> <p style="padding-left: 30px;">Here are a few tasters. (So far, we can only refer to them as alleged emails because &ndash; though Hadley CRU&rsquo;s director Phil Jones has confirmed the break-in to <a href="http://briefingroom.typepad.com/the_briefing_room/2009/11/hadleycru-says-leaked-data-is-real.html">Ian Wishart at the Briefing Room</a> &ndash; he has yet to fess up to any specific contents.) But if genuine, they suggest dubious practices such as:</p> <p style="padding-left: 30px;"><strong>Manipulation of evidence:</strong></p> <blockquote style="padding-left: 30px;"> <p>I&rsquo;ve just completed Mike&rsquo;s Nature trick of adding in the real temps to each series for the last 20 years (ie from 1981 onwards) amd from 1961 for Keith&rsquo;s to hide the decline.</p> </blockquote> <p style="padding-left: 30px;"><strong>Private doubts about whether the world really is heating up:</strong></p> <p style="padding-left: 60px;">The fact is that we can&rsquo;t account for the lack of warming at the moment and it is a travesty that we can&rsquo;t. The CERES data published in the August BAMS 09 supplement on 2008 shows there should be even more warming: but the data are surely wrong. Our observing system is inadequate.</p> <p style="padding-left: 30px;"><a href="http://blogs.telegraph.co.uk/news/jamesdelingpole/100017393/climategate-the-final-nail-in-the-coffin-of-anthropogenic-global-warming/">Read the whole thing &gt;</a></p> <blockquote style="padding-left: 30px;"> <p>&nbsp;</p> </blockquote><p><a href="http://www.businessinsider.com/inconvenient-emails-heat-up-global-warming-conspiracy-2009-11#comments">Join the conversation about this story &#187;</a></p><p><b>See Also:</b></p><ul><li><a href="http://www.businessinsider.com/the-global-warming-consensus-has-been-completely-shattered-2009-10">The Global Warming Consensus Has Been Shattered</a></li><li><a href="http://www.businessinsider.com/all-of-the-governments-global-warming-solutions-are-dumb-2009-8">All Of The Government's Global Warming Solutions Are Dumb</a></li><li><a href="http://www.businessinsider.com/how-china-thinks-china-can-reduce-carbon-emissions-2009-9">How China Thinks China Can Reduce Carbon Emissions</a></li></ul> <p><a href="http://feedads.g.doubleclick.net/~a/5M7SQbE_HIBDh8-dRe_IFllOeAo/0/da"><img src="http://feedads.g.doubleclick.net/~a/5M7SQbE_HIBDh8-dRe_IFllOeAo/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/5M7SQbE_HIBDh8-dRe_IFllOeAo/1/da"><img src="http://feedads.g.doubleclick.net/~a/5M7SQbE_HIBDh8-dRe_IFllOeAo/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=OkQNgWCLJEo:ismiIQQ9v4s:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=OkQNgWCLJEo:ismiIQQ9v4s:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=OkQNgWCLJEo:ismiIQQ9v4s:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=OkQNgWCLJEo:ismiIQQ9v4s:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=OkQNgWCLJEo:ismiIQQ9v4s:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=OkQNgWCLJEo:ismiIQQ9v4s:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=OkQNgWCLJEo:ismiIQQ9v4s:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=OkQNgWCLJEo:ismiIQQ9v4s:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/OkQNgWCLJEo" height="1" width="1"/> http://www.businessinsider.com/inconvenient-emails-heat-up-global-warming-conspiracy-2009-11 http://www.businessinsider.com/the-next-twitter-pay-attention-to-hot-potato-a-new-real-time-startup-2009-11 http://feedproxy.google.com/~r/businessinsider/~3/JLJkypEEm38/the-next-twitter-pay-attention-to-hot-potato-a-new-real-time-startup-2009-11 Fri, 20 Nov 2009 16:20:00 -0500 Dan Frommer <p><img class="float_right" src="http://static.businessinsider.com/~~/f?id=4b07065b00000000003b7cee" border="0" alt="hot-potato-tbi.jpg" /></p><p></p> <p>The hot story in tech right now is "real-time," thanks to Twitter and Facebook, so you're going to hear a lot of noise over the next few years about "real-time" tech startups. Most of them will be useless and will flame out.</p> <p>But here's one that we think could actually be pretty cool: It's called <a href="http://hotpotato.com/">Hot Potato</a>, and it launches today. The main idea: It's an iPhone app (and Web site) designed specifically for people to chat about live events.</p> <p>Specifically:</p> <ul> <li>It is for people to talk about the same concert they're at, the same football game they're watching (in person or on TV), the same bar they're at, or whatever -- as long as it's a live event.</li> <li>It's NOT for people to share vacation photos with their friends and family, as they do on Facebook.</li> <li>It's NOT for people to describe their daily habits to complete strangers, as they do on Facebook.</li> <li>It's NOT for people to share their location info with their friends, as they do on Foursquare or Loopt.</li> </ul> <p>The idea: People want to be able to discuss events with each other that they're all watching or participating in together. That's not something that Twitter does well -- even with hashtags, it's a mess; and it's definitely not something that Facebook status updates, when aggregated, do well.</p> <p>Enter Hot Potato, which is basically a souped-up, well-designed messaging system, with individual live streams dedicated to single event.</p> <p>Without going into unnecessary detail, here's how it works:</p> <ul> <li>You download their iPhone app or go to their <a href="http://hotpotato.com/">Web site</a> and sign in with your Facebook credentials. (That's where you're likely to use your real name, and be a real person -- important to Hot Potato.)</li> <li>You create an event or join one already in progress. Say, for instance, "Michigan vs. Michigan State," or "Pearl Jam concert, Dallas," or "Gossip Girl season finale," or "Friday night at <em>Bar X</em>."</li> <li>You chat with other people watching or participating in the event. Celebrate or trash talk athletes. Make fun of bad haircuts. Laugh or crack jokes. Add your two cents. Or just read what others are saying. Whatever.</li> <li>You can snap photos with your iPhone and include them in the stream.</li> <li>You will get updates from people who you're Facebook friends with -- presumably, you'd want to see what they're saying -- and other popular updates from strangers at the event. </li> </ul> <p>There's a fairly complex algorithm that goes into deciding which updates you'll see, and we won't explain it here.</p> <p>But the basic idea is that you won't get overwhelmed with updates, the way you might in a chat room with dozens or hundreds of participants. And the updates you see will be ones that are meaningful to you, either because your real-world friends said them, or because other people from the event thought they were interesting.</p> <p>This is something that's more easily experienced than explained, so be sure to check out the <a href="http://hotpotato.com/">Hot Potato Web site</a> or iPhone app -- coming soon.</p> <p>Hot Potato is based in Williamsburg, Brooklyn, NYC, and was founded by Justin Shaffer, a former MLB.com exec. Early investors include RRE Ventures and First Round Capital.</p> <p>Why do we like the company?</p> <ul> <li>It solves a real problem. We spent hours in MLB.com meetings earlier this year while they were <a href="http://www.businessinsider.com/help-mlbtv-hear-a-little-more-chatter-from-viewers-2009-2">trying to figure out a way for fans to chat during games</a>. Hot Potato is the perfect solution for something like that</li> <li>It makes total sense for social circles (like ours) that are iPhone-dominated.</li> <li>The app, which we saw yesterday, is elegant, well-designed, and simple enough for normal people to use it.</li> <li>It appeals to over-sharers, voyeurs, AND normal people.</li> <li>There's a zillion ways to make money, such as selling ads, licensing the technology to companies like MLB.com for custom products, selling transcripts to the company whose event is being discussed, etc.</li> </ul> <p>It's possible that Facebook could develop something similar and knock Hot Potato out of the game. But for now, we think this one has real promise.</p><p><a href="http://www.businessinsider.com/the-next-twitter-pay-attention-to-hot-potato-a-new-real-time-startup-2009-11#comments">Join the conversation about this story &#187;</a></p><p><b>See Also:</b></p><ul><li><a href="http://www.businessinsider.com/salesforce-chatter-twitter-for-corporations-2009-11">Salesforce Shows Off Chatter: Twitter For Corporations (CRM)</a></li><li><a href="http://www.businessinsider.com/how-will-twitter-make-money-make-you-love-it-2009-11">Here Come Twitter Ads, Says Twitter COO</a></li><li><a href="http://www.businessinsider.com/help-mlbtv-hear-a-little-more-chatter-from-viewers-2009-2">Help MLB.TV Hear a Little More Chatter from Viewers</a></li></ul> <p><a href="http://feedads.g.doubleclick.net/~a/-efatRACcWe69RVBqtVuxeZ0cOw/0/da"><img src="http://feedads.g.doubleclick.net/~a/-efatRACcWe69RVBqtVuxeZ0cOw/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/-efatRACcWe69RVBqtVuxeZ0cOw/1/da"><img src="http://feedads.g.doubleclick.net/~a/-efatRACcWe69RVBqtVuxeZ0cOw/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=JLJkypEEm38:sCWORrnHEYw:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=JLJkypEEm38:sCWORrnHEYw:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=JLJkypEEm38:sCWORrnHEYw:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=JLJkypEEm38:sCWORrnHEYw:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=JLJkypEEm38:sCWORrnHEYw:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=JLJkypEEm38:sCWORrnHEYw:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=JLJkypEEm38:sCWORrnHEYw:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=JLJkypEEm38:sCWORrnHEYw:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/JLJkypEEm38" height="1" width="1"/> http://www.businessinsider.com/the-next-twitter-pay-attention-to-hot-potato-a-new-real-time-startup-2009-11 http://www.businessinsider.com/chris-dodd-dont-be-so-sure-bernanke-will-get-re-confirmed-2009-11 http://feedproxy.google.com/~r/businessinsider/~3/Kqw1oDQQ_cE/chris-dodd-dont-be-so-sure-bernanke-will-get-re-confirmed-2009-11 Fri, 20 Nov 2009 15:54:00 -0500 Joe Weisenthal <p>It sounds as though the embattled Connecticut Senator is realizing that being a Fed-skeptic, or Bernanke-critic is good business. (via <a href="http://www.nakedcapitalism.com/2009/11/dodd-bernanke-confirmation-not-necessarily-a-foregone-conclusion.html?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+NakedCapitalism+(naked+capitalism)&amp;utm_content=Google+Reader">Yves Smith</a>)</p> <p> <object width="425" height="344"> <param name="movie" value="http://www.youtube.com/v/cEGe-XE2dH0&amp;color1=0xb1b1b1&amp;color2=0xcfcfcf&amp;hl=en_US&amp;feature=player_embedded&amp;fs=1" /> <param name="allowFullScreen" value="true" /> <param name="allowScriptAccess" value="always" /><embed type="application/x-shockwave-flash" width="425" height="344" src="http://www.youtube.com/v/cEGe-XE2dH0&amp;color1=0xb1b1b1&amp;color2=0xcfcfcf&amp;hl=en_US&amp;feature=player_embedded&amp;fs=1" allowfullscreen="true" allowscriptaccess="always"></embed> </object> </p><p><a href="http://www.businessinsider.com/chris-dodd-dont-be-so-sure-bernanke-will-get-re-confirmed-2009-11#comments">Join the conversation about this story &#187;</a></p><p><b>See Also:</b></p><ul><li><a href="http://www.businessinsider.com/chris-dodd-wants-to-help-be-afraid-2009-11">Chris Dodd Wants To Help: Be Afraid!</a></li><li><a href="http://www.businessinsider.com/4-reasons-chris-dodds-fed-proposal-is-dumb-2009-11">4 Reasons Chris Dodd's Fed Proposal Is Dumb</a></li><li><a href="http://www.businessinsider.com/ben-bernankes-fed-tries-to-reinvent-itself-as-a-pro-consumer-watchdog-2009-11">Ben Bernanke's Fed Tries To Reinvent Itself As A Pro-Consumer Watchdog</a></li></ul> <p><a href="http://feedads.g.doubleclick.net/~a/ZhZo28guCZyVWrS7ydvXlWiU0iQ/0/da"><img src="http://feedads.g.doubleclick.net/~a/ZhZo28guCZyVWrS7ydvXlWiU0iQ/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/ZhZo28guCZyVWrS7ydvXlWiU0iQ/1/da"><img src="http://feedads.g.doubleclick.net/~a/ZhZo28guCZyVWrS7ydvXlWiU0iQ/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=Kqw1oDQQ_cE:YxtolEAG-No:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=Kqw1oDQQ_cE:YxtolEAG-No:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=Kqw1oDQQ_cE:YxtolEAG-No:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=Kqw1oDQQ_cE:YxtolEAG-No:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=Kqw1oDQQ_cE:YxtolEAG-No:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=Kqw1oDQQ_cE:YxtolEAG-No:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=Kqw1oDQQ_cE:YxtolEAG-No:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=Kqw1oDQQ_cE:YxtolEAG-No:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/Kqw1oDQQ_cE" height="1" width="1"/> http://www.businessinsider.com/chris-dodd-dont-be-so-sure-bernanke-will-get-re-confirmed-2009-11 http://www.businessinsider.com/salesforce-chatter-twitter-for-corporations-2009-11 http://feedproxy.google.com/~r/businessinsider/~3/Yq2dCZqW7AU/salesforce-chatter-twitter-for-corporations-2009-11 Fri, 20 Nov 2009 15:40:00 -0500 Alaska Miller <p><img class="float_right" src="http://static.businessinsider.com/~~/f?id=4b06f98a000000000011f4de" border="0" alt="Salesforce Chatter" /></p><p></p> <p>Salesforce is getting into the "real-time" niche, too.</p> <p>Today the company unveiled Chatter, a social tool for corporations. Integrating heavily into Salesforce.com software, Chatter shows real-time activity feeds from across its suite of customer relationship management software.</p> <p>CEO Marc Benioff showed off Chatter at TechCrunch's RealTime CrunchUp conference and asked "Why do I know more about strangers on Facebook than my own employees?"</p> <p>Chatter streams will keep track and inform team members of each other's profiles, contact information, activities, and work history. Users can even import relevant feeds and data from other social networks such as Twitter and Facebook. Previously Yammer was the only product positioned as a Twitter for business.&nbsp;</p> <p>Salesforce Chatter will be free to Salesforce CRM and Force.com customers. A standalone Salesforce Chatter web application will be available for $50 a month per user. A free version will be available as well.</p><p><a href="http://www.businessinsider.com/salesforce-chatter-twitter-for-corporations-2009-11#comments">Join the conversation about this story &#187;</a></p><p><b>See Also:</b></p><ul><li><a href="http://www.businessinsider.com/ex-salesforcecom-ex-president-cakebread-re-emerges-at-saas-vendor-xactly-2009-2">Salesforce.com Ex-President Cakebread Re-emerges At SaaS Vendor Xactly (CRM)</a></li><li><a href="http://www.businessinsider.com/salesforcecom-not-as-big-in-government-as-it-appears-2009-9">Salesforce.com: Not As Big In Government As It Wants You To Think (CRM)</a></li><li><a href="http://www.businessinsider.com/people-complaining-about-your-biz-on-twitter-salesforcecom-has-an-app-for-that-2009-3">People Complaining About Your Biz On Twitter? Salesforce.com Has An App For That (CRM)</a></li></ul> <p><a href="http://feedads.g.doubleclick.net/~a/juK8eOwxWBbGbossWIBZNQm9Cq8/0/da"><img src="http://feedads.g.doubleclick.net/~a/juK8eOwxWBbGbossWIBZNQm9Cq8/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/juK8eOwxWBbGbossWIBZNQm9Cq8/1/da"><img src="http://feedads.g.doubleclick.net/~a/juK8eOwxWBbGbossWIBZNQm9Cq8/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=Yq2dCZqW7AU:aHwvSzInpcQ:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=Yq2dCZqW7AU:aHwvSzInpcQ:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=Yq2dCZqW7AU:aHwvSzInpcQ:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=Yq2dCZqW7AU:aHwvSzInpcQ:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=Yq2dCZqW7AU:aHwvSzInpcQ:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=Yq2dCZqW7AU:aHwvSzInpcQ:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=Yq2dCZqW7AU:aHwvSzInpcQ:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=Yq2dCZqW7AU:aHwvSzInpcQ:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/Yq2dCZqW7AU" height="1" width="1"/> http://www.businessinsider.com/salesforce-chatter-twitter-for-corporations-2009-11 http://www.businessinsider.com/low-level-hah-ari-paparo-rules-2009-11 http://feedproxy.google.com/~r/businessinsider/~3/iUkTrH-6vuc/low-level-hah-ari-paparo-rules-2009-11 Fri, 20 Nov 2009 15:38:00 -0500 Nicholas Carlson <p><img class="float_right" src="http://static.businessinsider.com/~~/f?id=4b06f9620000000000185571&amp;maxX=392&amp;maxY=293" border="0" alt="Ari Paparo" width="392" height="293" /></p><p>Earlier this week, we wrote a post called "<a href="http://www.businessinsider.com/whos-who-at-google-new-york-2009-11">Who's Who in Google New York</a>." It was a quick look at some of the top execs in the office, and what people are saying about them.</p> <p>One of the powerful executives we mentioned is a rising star named Ari Paparo, who came to Google (GOOG) through its DoubleClick acquisition.</p> <p>Not meaning to single-out Ari in particular, we passed on the following gossip about how DoubleClick executives are faring at Google since the acquisition.</p> <p>We wrote:</p> <p style="padding-left: 30px;">"Liked, but "lower level," Ari is one of many DoubleClick executives who others say don't get enough respect from Mountain View.</p> <p>Well, it turns out our report got passed around quite a bit at Google New York, causing Ari a fair bit of grief.</p> <p>We know this because today we're working out of the Starbucks in Google's building, and, well, Ari just stopped by.</p> <p>He was really nice! He even told us about some of the razzing he's gotten in the office since our awful gossiping. One particularly good zinger:</p> <p style="padding-left: 30px;">"That's a pretty nice blazer for someone who's <em>low level</em>."</p> <p>We think its pretty impressive he came down here like that. So let it be known! Our source was wrong. Ari Paparo isn't "low level." He's high-class. All the way.</p><p><a href="http://www.businessinsider.com/low-level-hah-ari-paparo-rules-2009-11#comments">Join the conversation about this story &#187;</a></p><p><b>See Also:</b></p><ul><li><a href="http://www.businessinsider.com/who-are-the-rock-star-engineers-at-google-new-york-2009-11">Who Are The Rock Star Engineers At Google New York? (GOOG)</a></li><li><a href="http://www.businessinsider.com/google-nyc-alums-2009-11">Google New York's Alumni: Where Are They Now? (GOOG)</a></li><li><a href="http://www.businessinsider.com/whos-who-at-google-new-york-2009-11">Who's Who At Google New York</a></li></ul> <p><a href="http://feedads.g.doubleclick.net/~a/WZHhNhQrhzBoR4MTk_MMSDEVcO0/0/da"><img src="http://feedads.g.doubleclick.net/~a/WZHhNhQrhzBoR4MTk_MMSDEVcO0/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/WZHhNhQrhzBoR4MTk_MMSDEVcO0/1/da"><img src="http://feedads.g.doubleclick.net/~a/WZHhNhQrhzBoR4MTk_MMSDEVcO0/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=iUkTrH-6vuc:CHgr-48BLDU:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=iUkTrH-6vuc:CHgr-48BLDU:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=iUkTrH-6vuc:CHgr-48BLDU:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=iUkTrH-6vuc:CHgr-48BLDU:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=iUkTrH-6vuc:CHgr-48BLDU:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=iUkTrH-6vuc:CHgr-48BLDU:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=iUkTrH-6vuc:CHgr-48BLDU:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=iUkTrH-6vuc:CHgr-48BLDU:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/iUkTrH-6vuc" height="1" width="1"/> http://www.businessinsider.com/low-level-hah-ari-paparo-rules-2009-11 http://www.businessinsider.com/sadly-ceras-optimism-over-oil-production-is-total-nonsense-2009-11 http://feedproxy.google.com/~r/businessinsider/~3/bVAPlU0jizE/sadly-ceras-optimism-over-oil-production-is-total-nonsense-2009-11 Fri, 20 Nov 2009 15:26:00 -0500 The Oil Drum <p><img class="float_right" src="http://static.businessinsider.com/~~/f?id=4b019a7500000000001f786b" border="0" alt="gulf mexico" /></p><p><em>(This guest post originally appeared at the <a href="http://www.theoildrum.com/node/5975">oil drum</a>, and is licensed under <a href="http://creativecommons.org/licenses/by-sa/3.0/us/">Creative Commons Attribution-Share Alike 3.0 United States License</a>)</em></p> <p>One of the features of many models that are used to predict future events is that they focus on target years. Decadal years are the most common target years, so that whether talking of climate or the amount of oil or natural gas available, models focus on, for example, the amount that will be available in 2030. The problem with this approach is that it leaves the public to think that a problem is not yet serious. For example if the prediction is that the production of oil will only be 75 mbd, in 2030 then there is an implication that until 2030 that the situation will remain fine.</p> <p>However the world does not reach those levels by continuing in the business as usual mode for the next 21 years, and then suddenly have production drop off a cliff one Friday night. Rather it is a problem that inexorably will grow, year on year, between now and then. I was struck by this thought as I looked through the latest comments from CERA/IHS on their view of the future of oil supply. Their view, as we have come to expect, is an optimistic one, and though we are not still living in the days of $30 oil that they had, at one time predicted, it is worth looking into so as to provide some explanation of the difference between their view and mine.</p> <div class="more"> <p>Let me begin with a reason why I tend not to be immediately and totally swayed by the thinking behind the CERA report, and their conclusion that:</p> <p style="padding-left: 30px;">Global oil productive capacity will grow though 2030 with no evidence of a peak of supply before that time.</p> <p>It has not been that long since we were assured that production of oil from Mexico would be maintained at <a href="http://www.energybulletin.net/node/19120">levels of 4 mbd</a> through 2015. <a href="http://www.finfacts.com/irelandbusinessnews/publish/article_10004190.shtml">In 2005</a> we have:</p> <p style="padding-left: 30px;">CERA said that oil from non-conventional sources would widen to 35% of capacity in 2015 compared with 10% in 1990. The research points to growth in output from ultra deepwater drilling in the U.S. Gulf of Mexico, Brazil, Angola and Nigeria; 250% more heavy oil production capacity from Canada and Venezuela; and the expansion of condensate and natural gas liquids to 23 million barrels per day from 14 million barrels per day currently.</p> <p>The EIA is anticipating that Mexico will produce an average of 2.9 mbd in 2009, <a href="http://www.eia.doe.gov/cabs/Mexico/Oil.html">falling to 2.7 mbd in 2010</a>. And the latest chart from CERA (<a href="http://www.cera.com/aspx/cda/client/report/report.aspx?KID=5&amp;CID=10720">downloadable at their site</a>) shows a much reduced increase in production of the heavy oils by 2015, for a start.</p> <p>CERA has, unfortunately, not only continued to shine an overoptimistic light on future production, but has also tended (as sadly it has also done in the past) to gloss over some of the problems &ndash; vide:</p> <p style="padding-left: 30px;">Though a peak in global production is not imminent, there are major hurdles above ground to negotiate.</p> <p>These surface hurdles no doubt include the minor details as to how to get significantly more production out of Iraq. It is all well and good to read <a href="http://www.daralhayat.com/portalarticlendah/77000">reports</a> such as:</p> <p style="padding-left: 30px;">Iraq is planning to increase its production capacity to approximately six million barrels per day within 80 months, following the signing of service contracts with a number of major international oil companies. This is in addition to the other agreements which are expected to be reached by next December, whereby Iraq&rsquo;s production capacity may be increased to reach around 10 million barrels per day at the end of the next decade, compared to 2.5 million barrels per day at present. The overall cost that will be borne by the international companies investing in developing the Iraqi oil fields will amount to about one hundred billion dollars. Needless to say, these agreements are considered to be a historic event (both economically and politically), not only for Iraq, but also for the oil industry itself in the Middle East, and for the global oil industry.</p> <p>Adding 7.5 mbd to existing world supplies would certainly go a substantial way toward meeting the existing and well documented declining production from so many of the major fields of the world. But is that target a realistic one &ndash; let me sound perhaps a little more cynical than some and raise a slight modicum of doubt. While it is nice to be optimistic, the reality still fills the headlines of too many papers and news reports.</p> <p style="padding-left: 30px;">Of course, it is expected that these companies will face some obstacles and delays as a result of terrorist attacks against their employees and sabotage against its installations. Also, the need arises to increase export capacity that can accommodate the ensuing increase in production, in addition to attracting a sufficient number of professionals and technicians to work in Iraq under the current circumstances, and procuring the necessary machinery and equipment on time. Despite all these potential obstacles, the delays in these projects are not expected to be significant, since similar experiences in other oil producing countries have shown that such delays only cost a relatively limited and not long amount of time.</p> <p>Thus even though there are some <a href="http://www.zawya.com/Story.cfm/sidANA20091105T114752ZKCS42/Exxon%20follows%20China%20lead%20in%20clinching%20Iraq%20oil%20deal">big players moving into that game</a>, it is a little premature to be optimistic.</p> <p>In other aspects of the report the average field decline rate, which CERA ties to 4.5% - but includes fields with rising production in the calculation, masks the reality of an increasing level of decline in fields that are past peak. As we saw with Cantarell, post-peak collapse can come more rapidly and severely than earlier forecast.</p> <p>At the same time the move to produce alternate fuels, such as cellulosic ethanol for vehicles, seems to have hit more technical and economic snags that may well considerably delay the target production that has been anticipated for this alternate fuel, feeding into an overall reduction in &ldquo;other&rdquo; fuels beyond the level that CERA still optimistically holds to (raising unconventional liquids, in their view, from 14% of global capacity today to 23% by 2030).</p> <p>It is notable that in the version of the report I got, while CERA lists three scenarios, Asian Phoenix, Global Fissure and Break Point, it only briefly mentions the assumptions and impacts that the different scenarios will have on both demand, and thereafter supply. Given that I <a href="http://bittooth.blogspot.com/2009/11/saudi-arabian-oil-production-opec-cuts.html">noted just recently</a> that China is signing up for <a href="http://www.reuters.com/article/energySector/idUSPEK16377420091103">another 1 mbd</a> delivery from Saudi Arabia, and that sales of cars in both countries are rising at significant rates, one can anticipate that that market is likely to develop into the Asian Phoenix that one might imagine is presaged by the title of the CERA scenario.</p> <p>The growth of that new market is recognized with the opening of the new port of <a href="http://www.gasandoil.com/goc/company/cnr92403.htm">Kozmino by Russia</a> with the potential for shipping up to 1 mbd of oil, with China as a major customer. (Which raises a question for another post on which customers will lose out as China gains.)</p> <p>But to now get to the nub of my point; this is that there is already a changing market and demand for oil and its products that is developing in the short term. The longer term view of potentially available resources that are not yet found, does not address the problem of how big a tap can be made available to meet demand over the next six years. There are serious questions, within that time frame, of the ability of some of the largest fields in the world to sustain production at their current levels.</p> <p>Longer term forecasts will be forgotten long before they are called to face reality. Unfortunately the optimism they project can lead people astray in the shorter terms, where the conditions have been glossed over.</p> </div><p><a href="http://www.businessinsider.com/sadly-ceras-optimism-over-oil-production-is-total-nonsense-2009-11#comments">Join the conversation about this story &#187;</a></p><p><b>See Also:</b></p><ul><li><a href="http://www.businessinsider.com/why-cera-thinks-peak-oil-is-total-bs-2009-11">Why CERA Thinks Peak Oil Is Total BS</a></li><li><a href="http://www.businessinsider.com/cera-oil-demand-from-developed-countries-will-never-grow-again-2009-10">Developed Countries' Oil Demand Already Peaked Back in 2005 -- CERA</a></li><li><a href="http://www.businessinsider.com/understanding-the-dynamics-of-peak-gold-production-2009-11">Peak Gold: Yearly Gold Production Is Now On A Permanent Downwards Slope</a></li></ul> <p><a href="http://feedads.g.doubleclick.net/~a/PoHLw5yYeicL2kwBerqhLD4Jhnk/0/da"><img src="http://feedads.g.doubleclick.net/~a/PoHLw5yYeicL2kwBerqhLD4Jhnk/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/PoHLw5yYeicL2kwBerqhLD4Jhnk/1/da"><img src="http://feedads.g.doubleclick.net/~a/PoHLw5yYeicL2kwBerqhLD4Jhnk/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=bVAPlU0jizE:rI4RJcx4enY:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=bVAPlU0jizE:rI4RJcx4enY:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=bVAPlU0jizE:rI4RJcx4enY:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=bVAPlU0jizE:rI4RJcx4enY:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=bVAPlU0jizE:rI4RJcx4enY:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=bVAPlU0jizE:rI4RJcx4enY:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=bVAPlU0jizE:rI4RJcx4enY:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=bVAPlU0jizE:rI4RJcx4enY:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/bVAPlU0jizE" height="1" width="1"/> http://www.businessinsider.com/sadly-ceras-optimism-over-oil-production-is-total-nonsense-2009-11 http://www.businessinsider.com/tesla-prepping-its-ipo-2009-11 http://feedproxy.google.com/~r/businessinsider/~3/utXQ3Vegl5s/tesla-prepping-its-ipo-2009-11 Fri, 20 Nov 2009 15:20:00 -0500 Jay Yarow <p><img class="float_right" src="http://static.businessinsider.com/~~/f?id=4b01e63c0000000000cde9fb&amp;maxX=356&amp;maxY=267" border="0" alt="tesla13.jpg" width="356" height="267" /></p><p>Tesla is working on its IPO, <a href="http://www.reuters.com/article/marketsNews/idAFWEN683620091120?rpc=44">says Reuters</a> citing two sources. Those sources say we can expect a filing any day.</p> <p>It should be interesting. It has one car, the $100,000+ Roadster. It's working on a more affordable sedan, but it is still years away. It also has a deal with Daimler for electric smart cars.</p> <p>In July, the company turned a profit for the first time in its history. (That doesn't mean it's remained profitable afterwards.)</p> <p>In the private market, the company was being <a href="http://www.businessinsider.com/tesla-gets-a-1-billion-valuation-from-private-share-exchange-2009-6">valued at $1 billion in June</a>.</p> <p>The company has promised an IPO in the past, we'll see if it delivers this time.</p> <h2><strong>See Also:</strong> <a href="http://www.businessinsider.com/tesla-in-new-york-2009-11">Our Awesome Tesla Adventure In NYC</a></h2><p><a href="http://www.businessinsider.com/tesla-prepping-its-ipo-2009-11#comments">Join the conversation about this story &#187;</a></p><p><b>See Also:</b></p><ul><li><a href="http://www.businessinsider.com/watch-the-tesla-in-action-2009-11">It's Official: The Tesla Roadster Sport Is A Babe Magnet</a></li><li><a href="http://www.businessinsider.com/tesla-in-new-york-2009-11">Tesla Takes Manhattan!</a></li><li><a href="http://www.businessinsider.com/tesla-produces-its-first-ever-profitable-month-in-july-2009-8">Tesla Produces Its First Ever Profitable Month In July</a></li></ul> <p><a href="http://feedads.g.doubleclick.net/~a/JszSFzPRA1Jx4Hq2MP1xjiJMGnQ/0/da"><img src="http://feedads.g.doubleclick.net/~a/JszSFzPRA1Jx4Hq2MP1xjiJMGnQ/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/JszSFzPRA1Jx4Hq2MP1xjiJMGnQ/1/da"><img src="http://feedads.g.doubleclick.net/~a/JszSFzPRA1Jx4Hq2MP1xjiJMGnQ/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=utXQ3Vegl5s:jKsBd4GNIxA:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=utXQ3Vegl5s:jKsBd4GNIxA:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=utXQ3Vegl5s:jKsBd4GNIxA:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=utXQ3Vegl5s:jKsBd4GNIxA:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=utXQ3Vegl5s:jKsBd4GNIxA:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=utXQ3Vegl5s:jKsBd4GNIxA:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=utXQ3Vegl5s:jKsBd4GNIxA:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=utXQ3Vegl5s:jKsBd4GNIxA:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/utXQ3Vegl5s" height="1" width="1"/> http://www.businessinsider.com/tesla-prepping-its-ipo-2009-11 http://www.businessinsider.com/garbage-sachs-2009-11 http://feedproxy.google.com/~r/businessinsider/~3/hPtTu9FPvOc/garbage-sachs-2009-11 Fri, 20 Nov 2009 15:16:01 -0500 Lawrence Delevingne <p><img class="float_right" src="http://static.businessinsider.com/~~/f?id=4aef249a000000000036cf5c" border="0" alt="goldman_squid" /></p><p>Maybe Goldman Sachs (GS) really does do "<a href="http://www.businessinsider.com/goldmans-gods-work-comments-truly-unsettling-2009-11">God's work</a>."</p> <p>Sure, the <a href="http://www.businessinsider.com/goldmans-small-business-gift-500-million-2009-11">$500 million philanthropic commitment</a> this week to help struggling small businesses was nice.</p> <p>And "Vampire Squid" CEO Lloyd Blankfein's financial crisis apology represented a new tact for the succesful but maligned firm.</p> <p>But this may be the most humbling: Goldmanites will be taking out the trash:</p> <p style="padding-left: 30px;"><em>[<a href="http://www.google.com/hostednews/ap/article/ALeqM5gjx2d7Jygia4Kt8hWQWuicMSBDewD9C3D6G80">AP</a> via <a href="http://cityfile.com/dailyfile/7983">Cityfile</a>] </em>The Salvation Army plans to serve 10,000 free dinners across the city this Thanksgiving &mdash; meals planned by a star chef, cooked by one of New York's ritziest caterers and cleaned up by employees of one of Wall Street's most vilified financial firms.</p> <p style="padding-left: 30px;">The number of meals is 10 times as many as last year and come at a time when more and more Americans are struggling to put food on the table.</p> <p style="padding-left: 30px;">The turkey dinner will be prepared by Great Performances, a catering company that stages banquets for the grand ballroom of The Plaza. Leading the culinary team is star chef Marc Spooner, a winner of the Food Network's "Chopped" TV contest and the caterer's chef de cuisine.</p> <p style="padding-left: 30px;"><strong>Three hundred employees of Goldman Sachs Group Inc., Wall Street's richest firm, have volunteered for the holiday feast and will be tasked with taking out the garbage.</strong></p> <p style="padding-left: 30px;"><strong>"Goldman wants their volunteers to sweat," </strong>joked Spooner, who at 6-foot-6 towered above a recent tasting session for the meal at Great Performances' kitchens in the SoHo neighborhood.</p> <p><em>Read the whole thing <a href="http://www.google.com/hostednews/ap/article/ALeqM5gjx2d7Jygia4Kt8hWQWuicMSBDewD9C3D6G80">here.</a></em></p><p><a href="http://www.businessinsider.com/garbage-sachs-2009-11#comments">Join the conversation about this story &#187;</a></p><p><b>See Also:</b></p><ul><li><a href="http://www.businessinsider.com/goldman-executives-quietly-revolt-against-holiday-party-ban-2009-11">Goldman Executives Quietly Revolt Against Holiday Party Ban</a></li><li><a href="http://www.businessinsider.com/goldmans-small-business-gift-500-million-2009-11">Goldman's Blankfein Finally Says I'm Sorry</a></li><li><a href="http://www.businessinsider.com/protestors-descend-on-goldman-sachs-in-washington-2009-11">Protesters Stage Angry Anti-Goldman Rally In Washington, DC (GS)</a></li></ul> <p><a href="http://feedads.g.doubleclick.net/~a/rLsPZL8WssRAb8yGtsM1MfZDpWw/0/da"><img src="http://feedads.g.doubleclick.net/~a/rLsPZL8WssRAb8yGtsM1MfZDpWw/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/rLsPZL8WssRAb8yGtsM1MfZDpWw/1/da"><img src="http://feedads.g.doubleclick.net/~a/rLsPZL8WssRAb8yGtsM1MfZDpWw/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=hPtTu9FPvOc:kBbqiT30eFM:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=hPtTu9FPvOc:kBbqiT30eFM:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=hPtTu9FPvOc:kBbqiT30eFM:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=hPtTu9FPvOc:kBbqiT30eFM:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=hPtTu9FPvOc:kBbqiT30eFM:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=hPtTu9FPvOc:kBbqiT30eFM:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=hPtTu9FPvOc:kBbqiT30eFM:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=hPtTu9FPvOc:kBbqiT30eFM:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/hPtTu9FPvOc" height="1" width="1"/> http://www.businessinsider.com/garbage-sachs-2009-11 http://www.businessinsider.com/the-sec-lets-oil-companies-use-fantasy-mark-to-model-numbers-to-report-their-holdings-2009-11 http://feedproxy.google.com/~r/businessinsider/~3/EvdPWFlDcBI/the-sec-lets-oil-companies-use-fantasy-mark-to-model-numbers-to-report-their-holdings-2009-11 Fri, 20 Nov 2009 15:10:00 -0500 Joe Weisenthal <p>This sounds familiar .</p> <p style="padding-left: 30px;"><a href="http://blogs.reuters.com/felix-salmon/2009/11/20/the-sec-surrenders-to-the-oil-industry/">Felix Salmon</a>: What are the consequences of allowing multi-billion-dollar systemically important multinational corporations to report their assets using proprietary mark-to-model tools involving discredited Monte Carlo simulations? I think we all know the answer to that one. But unbelievably, after such shenanigans contributed enormously to the greatest financial meltdown in living memory, the SEC is now set to allow more or less exactly the same thing in the oil industry.</p> <p style="padding-left: 30px;"><a href="http://feedproxy.google.com/%7Er/IncaKolaNews/%7E3/jj68yjgRBwg/must-read-on-oil.html">Otto</a> points to a <a href="http://www.cwsx.org/21darts.pdf">stunning report</a> by oil consultant Alan von Altendorf which spells it all out. Up until now, oil companies needed to actually prove they had reserves before they reported proven oil reserves. Now, however, the SEC is allowing them to use internal, proprietary computer models to essentially pull their &ldquo;proven reserve&rdquo; numbers out of thin air (or the nearest friendly Monte Carlo simulation).</p> <p>We're not quite as appalled as Felix is --- for one thing, oil companies don't pose systemic risk the same way as financial companies, so just because you can draw a line between overuse of models and the financial blowup, it doesn't mean we'll suffer similar repercussions if these models turn out to be total BS.</p> <p>And, of course, models are useful, and frequently better than actual counting (see: the census controversy)</p> <p> <object id="_ds_null" width="600" height="550" name="_ds_null" type="application/x-shockwave-flash" data="http://viewer.docstoc.com/v2/"> <param name="FlashVars" value="doc_id=null&amp;mem_id=832738&amp;doc_type=pdf&amp;fullscreen=0&amp;allowdownload=1" /> <param name="movie" value="http://viewer.docstoc.com/v2/" /> <param name="allowScriptAccess" value="always" /> </object> <br /><span style="font-size: xx-small;"><a href="null">null</a> - </span></p><p><a href="http://www.businessinsider.com/the-sec-lets-oil-companies-use-fantasy-mark-to-model-numbers-to-report-their-holdings-2009-11#comments">Join the conversation about this story &#187;</a></p><p><b>See Also:</b></p><ul><li><a href="http://www.businessinsider.com/oil-traders-ramp-up-bets-for-an-oil-rally-2009-11">Oil Traders Get Even More Bullish On Oil</a></li><li><a href="http://www.businessinsider.com/roubini-10-reasons-the-recovery-will-be-u-shaped-2009-11">Roubini: 10 Reasons The Recovery Will Be U-Shaped</a></li><li><a href="http://www.businessinsider.com/asia-europe-oil-gold-all-up-2009-11">Asia, Europe, Oil, Gold Keep Climbing</a></li></ul> <p><a href="http://feedads.g.doubleclick.net/~a/f6ICdpZqkTqL71MFUEURRugYQIs/0/da"><img src="http://feedads.g.doubleclick.net/~a/f6ICdpZqkTqL71MFUEURRugYQIs/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/f6ICdpZqkTqL71MFUEURRugYQIs/1/da"><img src="http://feedads.g.doubleclick.net/~a/f6ICdpZqkTqL71MFUEURRugYQIs/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=EvdPWFlDcBI:MVuT1QD38eE:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=EvdPWFlDcBI:MVuT1QD38eE:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=EvdPWFlDcBI:MVuT1QD38eE:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=EvdPWFlDcBI:MVuT1QD38eE:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=EvdPWFlDcBI:MVuT1QD38eE:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=EvdPWFlDcBI:MVuT1QD38eE:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=EvdPWFlDcBI:MVuT1QD38eE:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=EvdPWFlDcBI:MVuT1QD38eE:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/EvdPWFlDcBI" height="1" width="1"/> http://www.businessinsider.com/the-sec-lets-oil-companies-use-fantasy-mark-to-model-numbers-to-report-their-holdings-2009-11 http://www.businessinsider.com/flickr-co-founder-resurrects-old-flickr-idea-2009-11 http://feedproxy.google.com/~r/businessinsider/~3/qs1g3KB_FCs/flickr-co-founder-resurrects-old-flickr-idea-2009-11 Fri, 20 Nov 2009 15:02:00 -0500 Alaska Miller <p><img class="float_right" src="http://static.businessinsider.com/~~/f?id=4b06f2290000000000633a56" border="0" alt="Flickr Stewart Butterfield small" /></p><p>Flickr co-founder Stewart Butterfield left Yahoo disillusioned and disgruntled. Now based in Vancouver, Canada, Stewart started Tiny Speck, Inc., to <a href="http://www.theglobeandmail.com/news/technology/flickr-co-founder-tries-his-hand-at-another-web-startup/article1370407/">try again at social gaming</a>.</p> <p>He's revisiting the old idea of a mobile, multiplayer role-playing game called <em>Game Neverending</em>.</p> <p>Stewart actually developed the game before he helped create Flickr.</p> <p>The game was the first product at a startup called Ludicorp. But it was abandoned in favor of a photograph uploading and sharing tool built within the game, later known as Flickr.</p> <p>We think Game Neverending is more likely to work now, because power mobile devices are more ubiquitous now then they were back in the early 2000s.&nbsp; (If you're reminded of Dennis Crowley's history with Dodgeball and Foursquare, so are we.)</p> <p>Along with four core members of the original Flickr team, Stewart wants to create a &ldquo;fun and really interesting world with its own rules, absurdist and strange but fully realized, if imaginary.&rdquo;</p> <p>Accel Partners and Netscape's Marc Andreessen are both early investors.</p><p><a href="http://www.businessinsider.com/flickr-co-founder-resurrects-old-flickr-idea-2009-11#comments">Join the conversation about this story &#187;</a></p><p><b>See Also:</b></p><ul><li><a href="http://www.businessinsider.com/the-social-gaming-industry-explained-in-13-words-2009-11">The Social Gaming Industry Explained In 13 Words</a></li><li><a href="http://www.businessinsider.com/ex-myspace-ceo-wants-to-gamble-on-social-games-2009-10">Ex-MySpace CEO Chris DeWolfe Plans To Enter Social Gaming Space</a></li><li><a href="http://www.businessinsider.com/officil-flickr-app-does-it-mean-the-end-for-other-flickr-based-apps-2009-9">Meet 6 Flickr iPhone Apps That Yahoo Just Killed (YHOO, AAPL)</a></li></ul> <p><a href="http://feedads.g.doubleclick.net/~a/a8H_uawvjOUcFe1ZTPMXfMCbtNM/0/da"><img src="http://feedads.g.doubleclick.net/~a/a8H_uawvjOUcFe1ZTPMXfMCbtNM/0/di" border="0" ismap="true"></img></a><br/> <a href="http://feedads.g.doubleclick.net/~a/a8H_uawvjOUcFe1ZTPMXfMCbtNM/1/da"><img src="http://feedads.g.doubleclick.net/~a/a8H_uawvjOUcFe1ZTPMXfMCbtNM/1/di" border="0" ismap="true"></img></a></p><div class="feedflare"> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=qs1g3KB_FCs:UHoG8Q5jQek:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=yIl2AUoC8zA" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=qs1g3KB_FCs:UHoG8Q5jQek:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=qs1g3KB_FCs:UHoG8Q5jQek:F7zBnMyn0Lo" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=qs1g3KB_FCs:UHoG8Q5jQek:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=qs1g3KB_FCs:UHoG8Q5jQek:V_sGLiPBpWU" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=qs1g3KB_FCs:UHoG8Q5jQek:qj6IDK7rITs"><img src="http://feeds.feedburner.com/~ff/businessinsider?d=qj6IDK7rITs" border="0"></img></a> <a href="http://feeds.feedburner.com/~ff/businessinsider?a=qs1g3KB_FCs:UHoG8Q5jQek:gIN9vFwOqvQ"><img src="http://feeds.feedburner.com/~ff/businessinsider?i=qs1g3KB_FCs:UHoG8Q5jQek:gIN9vFwOqvQ" border="0"></img></a> </div><img src="http://feeds.feedburner.com/~r/businessinsider/~4/qs1g3KB_FCs" height="1" width="1"/> http://www.businessinsider.com/flickr-co-founder-resurrects-old-flickr-idea-2009-11