Sunday 15 November 2009

11/16 DailyFinance

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How Twitter gets drivers through the gridlocked streets of Caracas
November 15, 2009 at 8:00 pm

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The streets of Caracas are crammed with three times as many cars as they can handle. And why not? Gas is cheaper in Venezuela than anywhere else on Earth. The consequence, of course, is nasty traffic, made only worse by potholes, police checkpoints and other impediments to smooth vehicular movement.

The situation is one that apparently has no solution on the drawing board. Yet, that doesn't mean drivers must suffer without any relief at all. Thanks to social media tools, according to a Bloomberg News report, smartphone-toting drivers have been participating in an emerging answer to Venezuela's gridlock nightmare.

Continue reading How Twitter gets drivers through the gridlocked streets of Caracas

How Twitter gets drivers through the gridlocked streets of Caracas originally appeared on DailyFinance on Sun, 15 Nov 2009 20:00:00 EST. Please see our terms for use of feeds.

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Burma's oil-rich generals can afford to ignore Obama on Suu Kyi
November 15, 2009 at 3:00 pm

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burmas-oil-rich-generals-can-afford-to-ignore-obama-on-suu-kyiPresident Barack Obama is trumpeting the stern criticism he gave the military generals who hold dominion over Burma, the resource-rich South Asian nation now known as Myanmar, at a meeting of Asian leaders on Sunday.

The Burmese junta is one of the most loathed regimes in the world -- a posse of paranoid, megalomaniacal cadres who kill, torture and repress their people with impunity. A throwback to the 20th century's failed Marxist revolutionary movements, the junta relies on Burma's vast resource wealth to maintain its grip on power.

And it is precisely that wealth -- which the generals capitalize on through bustling trade with China and India -- that allows them to ignore Obama's entreaties for reform.

Continue reading Burma's oil-rich generals can afford to ignore Obama on Suu Kyi

Burma's oil-rich generals can afford to ignore Obama on Suu Kyi originally appeared on DailyFinance on Sun, 15 Nov 2009 15:00:00 EST. Please see our terms for use of feeds.

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Massucci's Take: EBay's plan to be more retailer than auctioneer is one risky bid
November 15, 2009 at 2:00 pm

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EBay (EBAY) is a Web pioneer, having built a multi-billion dollar business out of allowing people to essentially put garage sales on the Internet. That simple idea led to fast growth more than a decade ago and helped define what was possible online for others companies that followed. The company's IPO in 1998 turned founder Pierre Omidyar and eBay President Jeffrey Skoll into instant billionaires.

Fast-forward to 2009 and the 1990s Internet darling is steering through turbulence. The company seems to be want to be more an online retailer and less an online auction site. If it makes such a move, if will have to fight online retailers such as Amazon.com (AMZN) and Zappos and their impeccable customer service. It will also have to take on formidable brick-and-mortar retailers like WalMart (WMT) and Target (TGT) which are focusing more on online sales. Why does eBay want to join a battle it's not likely to win?

Continue reading Massucci's Take: EBay's plan to be more retailer than auctioneer is one risky bid

Massucci's Take: EBay's plan to be more retailer than auctioneer is one risky bid originally appeared on DailyFinance on Sun, 15 Nov 2009 14:00:00 EST. Please see our terms for use of feeds.

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NRG Energy sees the (green) light, buys Bluewater Wind
November 15, 2009 at 1:00 pm

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nrg-energy-sees-the-green-light-buys-bluewater-windNRG Energy (NRG) a $3 billion company with 24,000 megawatts of coal, natural gas, nuclear, and solar power plants in its portfolio, has acquired Bluewater Wind, based in Hoboken, N.J., for cash on hand. The deal, announced in a press conference on Monday with Drew Murphy, NRG's Northeast regional president and Bluewater Wind President and CEO Peter Mandelstam, marks the end of a long, strange saga. The two companies, once rivals, engaged in a bitter competition to provide energy to Delaware. Now they will operate in conjunction under NRG's large, well-financed roof.

The background to the acquisition provides a study in the power that some investor-owned utilities have had to block the entrance of renewable energy into electricity markets -- and in how that is rapidly changing.

Continue reading NRG Energy sees the (green) light, buys Bluewater Wind

NRG Energy sees the (green) light, buys Bluewater Wind originally appeared on DailyFinance on Sun, 15 Nov 2009 13:00:00 EST. Please see our terms for use of feeds.

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Ex-college player: Removing helmets from NFL won't stop concussions
November 15, 2009 at 12:00 pm

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This may come to no surprise to many of you that have read my work as a financial writer, but I am what my wife calls a "walking head injury." I played football from the age of six until 19, when I was told my college football career had to end -- more on that in a minute.

Having gotten my bell rung many times in my youth, I was taken aback by a recent article in The Wall Street Journal suggesting it may be time to retire the football helmet as we know it. Leagues overseas have been trying this as a way to -- this may sound counterintuitive -- reduce concussions and other injuries. But I don't see playing helmet-less as a solution for the National Football League (NFL).

Continue reading Ex-college player: Removing helmets from NFL won't stop concussions

Ex-college player: Removing helmets from NFL won't stop concussions originally appeared on DailyFinance on Sun, 15 Nov 2009 12:00:00 EST. Please see our terms for use of feeds.

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Apple wins the clone war: Judge rules Psystar can't sell Mac look-alikes
November 15, 2009 at 11:00 am

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apple-wins-the-clone-war-judge-rules-psystar-cant-sell-mac-lookalikesIn a court case which began last year, Apple (AAPL) charged the young upstart Psystar, which makes Mac knock-offs, with a host of copyright and trademark violations. The venerable computer and consumer electronics company said that Psystar had infringed its copyrights by selling PCs that looked like Macs and ran slightly modified versions of its Mac OS X.

Psystar apparently didn't have much of a case. On Sunday, U.S. District Court Judge William Alsup ruled in Apple's favor in a sixteen page decision. The most important part of the court's opinion is that companies cannot resell the Apple OS to consumers because they are "unauthorized copies" which violate Apple's terms of use for the software.

Continue reading Apple wins the clone war: Judge rules Psystar can't sell Mac look-alikes

Apple wins the clone war: Judge rules Psystar can't sell Mac look-alikes originally appeared on DailyFinance on Sun, 15 Nov 2009 11:00:00 EST. Please see our terms for use of feeds.

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First U.S. marijuana cafe opens for business in Portland
November 15, 2009 at 10:15 am

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first-u-s-marijuana-cafe-opens-for-business-in-portlandCancel your flight to Amsterdam - the U.S. just got its first marijuana cafe on Friday. Located in Portland, Ore., the Cannabis Cafe shows how attitudes have changed since the Obama administration moved into the White House. A month ago, President Barack Obama told federal attorneys to ease off medical marijuana prosecutions.

The widening use of medicinal marijuana has forced governments into a tenuous legal balancing act, according to a Reuters report. Some states passed legislation to allow it, starting with California in 1996. Nonetheless, a federal ban remains in place. The operation of businesses like the Cannabis Cafe, as well as marijuana establishments in California, has been possible as long as federal authorities have chosen not to pursue them. Unlike the shops in California, though, the Portland establishment is the first in the U.S. where certified medical marijuana users can both acquire and consume their marijuana, as long as they stay out of public view.

Continue reading First U.S. marijuana cafe opens for business in Portland

First U.S. marijuana cafe opens for business in Portland originally appeared on DailyFinance on Sun, 15 Nov 2009 10:15:00 EST. Please see our terms for use of feeds.

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FreeCreditReport.com wins lawsuit against typosquatters
November 15, 2009 at 9:00 am

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You've probably experienced this: Type in the address of your favorite blog but make one small error, and you end up at a page that isn't quite right. It has the same appearance and similar text, but a few elements are misplaced, the language a bit awkward. If you notice these inconsistencies, you're lucky, because you've identified a website spoof, thereby dodging a scam.

This week brought some good news for consumers and legit companies on this front. FreeCreditReport.com, a part of ConsumerInfo.com, Inc, which is owned by Experian (EXPN) company, won a complaint that grants it ownership of over a thousand Internet addresses very similar to FreeCreditReport.com.

Continue reading FreeCreditReport.com wins lawsuit against typosquatters

FreeCreditReport.com wins lawsuit against typosquatters originally appeared on DailyFinance on Sun, 15 Nov 2009 09:00:00 EST. Please see our terms for use of feeds.

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