Sunday, July 18, 2010

Pertinent News for the Web Entrepreneur

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1. Investors uneasy as Google costs rise (REUTERS)
Google Inc is pumping hundreds of millions of dollars into new businesses, but Wall Street is nervous about the ultimate payoff.
Investors sent Google shares down more than 6 percent on Friday, a day after the Internet search leader reported a surge in expenses during the second quarter that caused it to miss profit estimates.

But Jackson said he was confident that mobile would become a significant contributor to Google's financials in the long run, and that the mobile market was big enough for Google and Apple to prosper.


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2. Control games with the power of your mind (GamingBolt)
The recently unveiled Natal for the Xbox 360 will let gamers control what happens on-screen just by moving their body- but one company is going one step further, allowing you to control games simply with the power of your brain.
Mind control is a concept previously thought impossible, but technology design company Emotiv claim to have designed the worlds first headset that allows you to communicate your thoughts onto a games.

3. Is the Internet making us smart or stupid? (VentureBeat)
Image representing VentureBeat as depicted in ...Image via CrunchBase
1.    Our brains are plastic; they change based on how we use them
2.    Today, we are increasingly using our brains for shallow online skimming rather than deep reading
3.    The parts of our brain that are good at multi-tasking, skimming and surveying are getting stronger (he calls this the “juggler” brain)
4.    The parts of our brain that we use for deep, immersive book reading are getting weaker, and the corresponding neural resources getting redirected
5.    As a result, we are changing, and on the whole, getting stupider.

4. Increased worker productivity has destroyed millions of jobs (Mark Perry)
U.S. Manufacturing output has more than doubled since 1975 (data here) while manufacturing employment has decreased by about 8 million jobs (data here), resulting in more than a three-fold increase in worker productivity (output per worker) since the 1970s.  Therefore, it's the dramatic increase in the productivity of American workers that helps explain the loss of millions of manufacturing jobs, and this a a cause for optimism, not pessimism, as Don points out. 

5. Best places for the rich and single (Money CNN)
We're not saying you're a gold digger. But you could follow the money to these 25 affluent cities, where singles are abundant.

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