Wednesday, December 28, 2011

[Carolina Update] - DeAndre Kane from Marshall Wins StatSheet NCAA Player of the Week - December 26th, 2011

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Source: http://sportspyder.com/teams/north-carolina-tar-heels-basketball/articles/5490842

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Jildy, Whose Patents Google Owns and Facebook Licenses, Launches Its First App

When the early social search engine Wowd started to wind down last year, its assets were divided among three parties: Facebook, which ?acqhired? seven of its engineers and licensed its technology; Jildy, a new start-up created by a Wowd co-founder and backed by Wowd?s venture capitalists, that also licensed the technology; and a ?large public company? that bought the patents outright.

Public records now show the buyer was Google.

So yes, indeed, there is a body of social search intellectual property ? around things like user-driven ranking of Web pages and a distributed file system ? that three companies have the rights to use: Google, Facebook and the virtually unknown start-up Jildy.

Last week Jildy released its very first product: An iPhone app for clustering and sorting Facebook friends and status updates.

It?s kind of similar to Katango, a friend-sorting app?that Google recently bought for an undisclosed sum.

The Jildy interface is rudimentary and so far only includes Facebook data, but it already provides some interesting tools to those who want to slice and dice their social streams.

Jildy gives users tools to monitor four types of lists:

  1. keyword-based searches of their friends? status messages that they can set up manually
  2. algorithmically created lists of friends who are friends with each other (this is like what Katango did, but Jildy users can both read and write to the lists of people)
  3. demographically created lists, like male friends and female friends, or San Francisco friends and New York friends
  4. any lists that users have already created on Facebook

Then, Jildy tries to find out the top five to seven people or topics within each of those lists, so a user can quickly dive in and see what?s happened recently.

In the next couple of weeks, Jildy plans to add notifications. So for instance, said Jildy?s Mark Drummond (the co-founder and former CEO of Wowd), a user could be alerted every time a friend mentions a term like ?skiing,? ?snowboarding? or ?Tahoe,? the better to facilitate serendipitous meet-ups on the slopes.

Other upcoming additions should include Twitter and LinkedIn data. Drummond said he also thinks it?s important to help users edit their friend lists to stay updated as social circles change.

On a larger note, the patent wars that plague the mobile device industry haven?t crept into social networking yet, aside from a few defensive buys throughout the years, like the Friendster portfolio?(now owned by Facebook)?and the Six Degrees patent?(bought by LinkedIn?s Reid Hoffman and Zynga?s Mark Pincus, when Pincus was at Tribe.net).

But all the interest in the Wowd patent portfolio ? which, to be clear, has not yet been used to build a successful social search product ? shows that giants like Facebook and Google are attentively shoring up access to intellectual property in case social patent wars do break out.

It?s kind of ironic (and maybe even a good thing, if you don?t like software patents) that the two rivals have rights to use the very same technology from the same defunct start-up.

Palo Alto, Calif.-based Jildy has seven employees and $650,000 from Draper Fisher Jurvetson and KPG Ventures. To be specific, it has non-exclusive licenses to three awarded patents and six patent applications from Wowd, and owns three more Wowd patents. Drummond said Wowd is in the process of becoming a liquidating trust.

Photo of Mark Drummond by James Duncan Davidson for the Web 2.0 Summit 2009, where Wowd was first announced.

Source: http://allthingsd.com/20111227/jildy-whose-patents-google-owns-and-facebook-licenses-launches-its-first-app/

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Monday, December 26, 2011

Bitcoins: A Decentralized Digital Currency?

By: Katherine Thorsteinson, Staff Writer

The new currency?

via TraderTim, Flickr

In the wake of a global double dip recession the world is screaming ?Show me the money!? However, the response to this demand is widely varied. There are those involved with Operation Occupy Wall Street, those like libertarian Ron Paul advocating a zero percent income tax policy and reversion to the gold standard, and finally there is the more traditionally moderate position of slow recovery and little systematic change.

With all this opposition and disagreement the really interesting question becomes, what will this money begin to look like? Currently, things are not likely to change in this regard, but one very novel invention seems to be indicating where money may take us in the future. Can you imagine a totally decentralised digital currency? Welcome to the world of Bitcoins. In the spirit of anonymity upheld by this new currency, its 2009 invention has been attributed to the pseudonym Satoshi Nakamoto. But to whom this might be or to how many people this may include is entirely unknown.

To some, this may sound like the perfect answer to many of our current economic difficulties?

Bitcoins are an online currency which may be exchanged in a virtual value system with other users around the world. Bitcoin.org tells us that, ?Compared to other alternatives, Bitcoins have a number of advantages. Bitcoins are transferred directly from person to person via the net without going through a bank or a clearing house. This means that the fees are much lower, you can use them in every country, your account cannot be frozen, and there are no prerequisites or arbitrary limits.?

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To some, this may sound like the perfect answer to many of our current economic difficulties in which the world?s greatest superpower relies on a Federal Reserve Bank that remains suspiciously not federal. But how exactly do these new Bitcoins work? Somewhat allusively, Bitcoin.org explains that ?Bitcoins are generated all over the internet by anybody running a free application called Bitcoin miner.? To ?mine? your Bitcoin a certain amount of ?work? is required.

The network automatically adjusts the amount of Bitcoins earned per amount of work completed so that they are always being produced at a predictable and limited rate. To transfer your Bitcoins, the program adds an electronic signature, and within minutes this transaction will be certified by another member miner. This entire transaction is then stored in the network permanently and anonymously. Because this software is open-sourced, anybody has rights to access the code.

In spite of this explanation, for many this system will remain troubling and elusive. Indeed, difficulties have already surfaced. Due to a number of factors, including the currency?s short life-span and user uncertainty, Bitcoin continues to display a highly volatile rate of exchange into USD, and this problem is only amplified by the inability to make use of futures or options. There are a number of online businesses and exchange markets that are already accepting Bitcoin.

However, different users are quoting widely different exchange rates for any given time, suggesting that value in the Bitcoin market is not so evenly distributed. More technical concerns have been raised about the security of such online currencies in the face of a growingly competent hacking community. Others have wondered to what extent Bitcoin is a viable alternative to our current financial crises. After all, critics ask, isn?t it troubling that our value system has strayed so far from the real, physical modes of production and service? It is unclear whether this new financial option could assess these more psychological considerations.

For all its novel interest and seemly good intentions, this currency remains somewhat of a play thing for those involved with or curious about computer programming and economics. Considering how drastically different Bitcoins are from our current system, it is unlikely for the moment that this ?change? is going to come.

ARB Team
Arbitrage Magazine
Business News with BITE.

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Source: http://www.arbitragemagazine.com/topics/finance/bitcoins-decentralized-digital-currency/

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SOUTHGATE: Mayor, county executive give toys and food to children

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Cheyenne Morris, 9, of Southgate (left); Barbara Hernandez; Cameron Priebe, Wayne County assistant ex-ecutive; and Phillip Hernandez enjoy a meal Tuesday at a Holiday Meal and toys for Children event at the Southgate Civic Center.

Southgate Mayor Joseph Kuspa serves food Tuesday at a Holiday Meal and Toys for Children event at the Civic Center. (Photos by Dave Chapman)

Santa Claus and Wayne County Executive Robert Ficano give a toy to Connor Ressler, 4, of Flat Rock at the Southgate Civic Center Tuesday. Ficano was there with other members of his staff and elected officials to give toys to children and food to needy people.

Santa Claus and Wayne County Executive Robert Ficano give toys to children.

Source: http://www.thenewsherald.com/articles/2011/12/24/news/doc4ef4c103ef1d5489610470.txt

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Sunday, December 25, 2011

Kim Jong Un dubbed "supreme leader" of military

(AP)?

PYONGYANG, North Korea ? North Korea hailed Kim Jong Il's son as "supreme leader" of the 1.2-million strong military, ramping up its campaign to install the young man as the next leader of the communist nation even as millions continue mourning the father a week after his death.

Kim Jong Un made a third visit Saturday to the palace where his father's body is lying in state ? this time as "supreme leader of the revolutionary armed forces" and accompanied by North Korea's top military brass, according to the official Korean Central News Agency.

The new title and public show of support from the military leadership sent a strong signal that the nation will maintain Kim Jong Il's "military first" policy for the time being.

Earlier Saturday, the newspaper Rodong Sinmun, mouthpiece of the ruling Workers' Party, also recognized the young man's authority over the military by calling him "supreme commander" of the armed forces.

Kim Jong Un, who is in his late 20s and was unveiled in September 2010 as his father's choice as successor, will be the third-generation Kim to rule the nation of 24 million. His father and grandfather led the country under different titles, and it remains unclear which other titles will be bestowed on the grandson.

Kim Il Sung, who founded North Korea in 1948, retains the title of "eternal president" even after his death in 1994.

Kim family myths renew with a roar in N. Korea
Loss, fear, threats drive N. Korean mass grief
Pentagon sees smooth change so far in N. Korea

Son Kim Jong Il ruled as chairman of the National Defense Commission, supreme commander of the Korean People's Army and general secretary of the Workers' Party.

Kim Jong Un was promoted to four-star general and appointed a vice chairman of the Central Military Commission of the Workers' Party. He had been expected to assume a number of other key posts while being groomed to succeed his father.

His father's death comes at a sensitive time for North Korea, which was in the middle of negotiations with the U.S. on restarting talks to dismantle the North's nuclear weapons program in exchange for aid, and had been preparing for 2012 celebrations marking Kim Il Sung's 100th birthday. Suffering from a shortfall in basic staples after several harsh seasons, officials also had been asking for help feeding its people.

North Korea has emphasized the Kim family legacy during the sped-up succession movement for Kim Jong Un. State media invoked Kim Il Sung in declaring the people's support for the next leader, comparing the occasion to Kim Jong Il's ascension to "supreme commander" exactly 20 years ago Saturday.

At the Kumsusan Memorial Palace, Kim Jong Un and senior commanders paid silent tribute to the late leader, "praying for his immortality," KCNA said. The military also pledged its loyalty to Kim Jong Un, the report said.

"Let the whole army remain true to the leadership of Kim Jong Un over the army," KCNA reported ? a pledge reminiscent of those made when Kim Jong Il was named supreme commander.

The call to rally behind Kim Jong Un, dubbed the "Great Successor" in the wake of his father's death on Dec. 17 from a heart attack, comes amid displays of grief across North Korea. The country is to remain in an official state of mourning until after Kim's funeral Wednesday and a memorial Thursday.

In Pyongyang, mourners continued Saturday to bow and lay flowers at Kim's portrait at plazas and government buildings, including the Pyongyang Circus Theater and Kim Il Sung Square, even as temperatures dropped to 14 degrees below Celsius (7 degrees Fahrenheit).

At the April 25 People's Army House of Culture, workers at beverage kiosks handed steaming cups of water to shivering mourners, including children bundled up in colorful thick parkas. A sign urged mourners to thaw out inside a heated bus.

The order to provide food and warming huts for mourners came from Kim Jong Un, officials said.


Source: http://feeds.cbsnews.com/~r/CBSNewsGamecore/~3/bCKtOYXr0Wk/

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Miron: Who's to blame for D.C. gridlock? (CNN)

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