Friday, January 7, 2011

Being Right or Making Money


By Dian L. Chu, EconForecast



China has been ranked as the top growing country among the G20 since 2001 and is expected to retain that title for at least another five years (See Growth Chart). However, the news coming out of China for the past three months has not been good. It is looking more and more that it is not a question of if China is a bubble and going to burst, but when.



The country has major infrastructure issues, troubling population dynamics, poorly aligned employment outcomes, inflation problems, a real estate bubble, an opaque and potentially insolvent banking system (had mark-to-market accounting been applied), geo-political problems with North Korea and Taiwan, and an underperforming stock market in 2010 (see stock comparison chart).



Smart Money Rushing Out



While the hot money is flooding into China, the smart local money is doing everything they can to get their money outside of China, which partly explains why Shanghai SE Composite has underperformed other markets for the past year or so (see Comparison Chart).



The many issues of China could conspire to become the biggest train wreck waiting to happen, and potentially dwarf any little budget problems in Europe by a factor of ten.



Big Trouble In Big China



China has a population related societal structural problem. The nation has tried to utilize the vast manpower to its advantage over the last two decades building a powerhouse manufacturing economy through the availability of low cost workers, which supplied the world with lower cost goods.



Nevertheless, the harsh reality is that the nation's infrastructure, quality jobs, food, and overall resources are too scarce to support such mass population, while achieving the government`s goal of a smooth transition to a developed middle class to sustain an internal demand model going forward.



If you think you have riots in Greece over the pension retirement age being raised is bad, just wait till riots breaking out in Beijing and other cities over the fact that a 90 cent bowl of noodle soup now costs four dollars due to food shortages, and a runaway inflation problem.



Loose Lending = Non-performing Projects



This is only reinforced by some of the news events taking place over the last three months. Let`s start with the raising of banks reserve requirements by the central bank, which is the sixth such increase in 2010.



These measures are meant to curb the excess lending which has fueled much of the overbuilding and real estate speculation occurred over the past two years as China`s central bank initially wanted to avert a recession by artificially creating demand for workers and construction projects to replace lagging demand from the developed economies.



The problem is that too much lending has occurred, and bad lending at that. Because of the cheap available credit, now you have cement companies and manufacturing firms getting bank loans to invest in endeavors such as real estate, which is outside of their core expertise and competency.



Real Estate Misery Loves Company – China & Spain



The result is a bunch of excess inventory and poorly thought-out construction projects which have no means of recouping the initial investment needed to repay the bank loans.



This practice is similar to Spain`s situation now where they have entire uninhabited building complexes that have yet to be marked to market, and will probably ultimately be demolished. But at least in Spain, even though it was a construction boom, it was engineered by developers in Spain, and not by some manufacturing outfits like those in China.



So, multiply the bad business project factor by ten and you get an understanding of the magnitude of bad loans on the books of Chinese banks. The problem is being further exacerbated by the practice similar to Spain`s of banks making additional loans to the businesses just so that they can then turnaround and pay back the interest owed on the original loans.



The only way this would work out is if these projects magically develop revenue streams. Unfortunately, in the case of Spain, a 20% unemployment rate, coupled with a still overvalued housing market in which prices still need to come down significantly, would suggest that by the time the Spanish economy recovers enough to support the excess inventory, the abandoned projects are run down and uninhabitable.



A similar scenario could play out in China as well.



True Smart Money Wary of the Write-off Domino 



Furthermore, China`s practice of overbuilding at the height of real estate valuations makes even haircuts on loan write-offs an untenable practice for banks, and by further throwing good money after bad, the ultimate mark- to-market effect could be catastrophic for Chinese Banks.



This is the main reason all the major Chinese banks have gone to the market in 2010 to raise more capital before investors wise up to the underlying deficits these banks face, as these bad loans eventually would need to be written off the books.





Victor Shih, a Northwestern University professor estimates that Chinese local governments borrowed some 11.4 trillion renminbi at the end of 2009, and that local government financing loans to be roughly one-third of China's 2009 GDP.  The most likely scenario over the next few years is that there would be increases of non-performing loans ratio from local governments. This would require a large scale of recapitalization of the Chinese banking system, which would eat up a large share of China's foreign exchange reserves and possibly slow down growth.





Although Beijing is quite capable of  a few bailouts and surviving a widespread banking crisis, it most definitely will not bode well for the financial markets.  So, insiders are removing capital from direct exposure to the inevitable re-pricing that will happen throughout Chinese markets from real estate to the stock market, and can be seen at this early stage by the underperformance of the Chinese stock market compared to other global markets. Remember, foreigners cannot invest directly in these markets, so these capital outflows are truly the smart money.



Logistic Gridlock Crimping the Middle Class



Next let`s look at the recent news regarding a severe cutback in automobile registrations in Beijing to 240,000 in 2011 from 700,000 registered in 2010 by the municipal government. Other large cities in China are bound to follow. This is most likely related to the reported 9-day traffic jam on the Beijing-Tibet expressway in August, and other extended traffic jams throughout China in 2010.



China is trying to build infrastructure projects after the fact; whereas with proper central planning these should have been established far ahead of the massive transition from a rural, agricultural based populous to that of a modern, large city based business and manufacturing concentration.



Simply put, it is impossible for all the Chinese citizens who want and can afford automobiles to be able to own and utilize this form of transport without a total breakdown in the transportation system. We are seeing the early stages of complete and counterproductive gridlock in the transportation system of China, and it is only going to get worse over the next decade.

No Jobs for College Grads



For all the talk about how China graduates more engineers each year, and other college educated young people who have strong backgrounds in the hard sciences than most developed nations combined, this is actually another sign of problems to come over the next decade in China.



China`s wealth and emergence into the second largest business economy hasn`t been built around the need for these types of mind and skill set. So literally you have a large mismatch between the types of available jobs in China, that are supported by the heavy manufacturing and construction intensive focus of the past twenty years, to that of the recently educated pool of graduates who have grown in sizable numbers over the past five years.



The Mind Is A Terrible Thing To Waste



This results in a large human asset class that China is currently wasting, as most of the newly educated workforce is working in jobs which require little or no advanced education at the university level. So you have highly educated university graduates in areas like engineering and accounting working low level service and sales jobs that pay less than many manufacturing jobs.



In short, there are too many highly educated Chinese citizens graduating each year for the number of jobs available needing their skill set because China`s economic model isn`t built around these type of jobs. This type of misaligned employment outcomes never ends well; it usually manifests itself in increased civil and social unrest.



8% Inflation in 2011



The next major challenge for China is a skyrocketing inflation, which at its root is the fact that there are too many people chasing too few resources. This fundamental flaw in population dynamics underpins many of the problems that China faces going forward.



Recent CPI data for November illustrates the inflation problem in China with a reading of 5.1% from a year ago comparison, this is up from a 4.4% reading for the previous month. Couple this with the latest 4% hike in fuel prices in China because of rising oil prices, you could expect future CPI and PPI reports to reflect even higher rates of inflation.



For now, most of the year over year spike has revolved around higher food prices as energy has mainly been flat for 2010 thanks mostly to government subsidies. Now that energy prices have entered the picture, China will start to experience even more inflation pressures in 2011. 



Furthermore, with the undervalued yuan pegged to the dollar, it is only getting worse for China in 2011 due to Fed's QE2 pressures on the dollar.  The real inflation rate for Chinese citizens for 2011 will probably approach 8% next year.



An Asian Contagion by China?



This escalating inflation concern is further compounded by Beijing's lack of decisive action to combat the problem by delaying a much needed currency appreciation, and hiking interest rates in a timely fashion. There is no getting around the fact that these two things need to occur as soon as possible.



By the time the Chinese government is forced to implement these tightening tools, the damage to the economy is most likely already done. The longer China delays the inevitable serious tightening measures, the harder the economic crash that will occur in the aftermath of these policy changes. And it is unlikely to end well. The resultant impact will probably take the rest of the Asian economies down with it – an Asian Contagion scenario.



History Repeats Itself



Eventually central planners and finance ministers around the world might start to understand that policies which lead to bubbles being formed in the first place are counterproductive in the long run. But until that lesson is learned, it seems like we are doomed to repeat the same mistakes over and over again.



Right now, there are more and more signs coming out of China that all is not well with its economy, and the likelihood of a more severe downturn in the future is a distinct possibility, unless its policy makers take decisive and prudent actions to minimize the damage of a hard landing.    





Dian L. Chu, | Mobile Reader, Website | | Facebook | Twitter



Watch, Learn, Market Trend TVShare


The UAW, not content with bankrupting GM and Chrysler once, want a repeat performance. And with Bob King at the helm, and apparently done campaigning for world peace and praying at the US capitol, they may yet get the double double. But first, it's time to put on the sheep's clothing and pretend to be rational. From the Detroit Free Press: UAW reveals ideas to try to level playing field. By 'leveling the playing field', what they mean is putting a thumb on the scale to tip the balance in their favor, but such is establishment media and their newspeak.

The document, called “UAW Principles for Fair Union Elections,” outlines 11 ideals that are designed to level the playing field between the UAW and an employer during a union campaign and election.



....The principles include an agreement that the ability to join a union is a “fundamental human right.”
But opting out from being forced to join the union is not. The document with the 11 principles can be found at this link, but just check out #2 for one:

Employees must be free to exercise the right to join a union or refrain from joining a union in an atmosphere free of fear, coercion,intimidation or threats. There is no free choice if a worker is afraid of losing a job or losing benefits as a result of his or her choice, or is intimidated into making a choice not of one’s own making.

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BMI.com | <b>News</b> | Nielsen Signs Off on Radio Ratings

Though Nielsen declined to elaborate on its decision to exit the U.S. radio-ratings business, the news came just days after the Arbitron-Clear Channel deal was announced — hardly a coincidence, suggested some media observers. ...

The Daley <b>News</b> : CJR

Behind the News The Media. Cable Access Once again: WikiLeaks did not publicly release 250000 diplomatic cables � The News from Norway A comprehensive look at the history of the Norwegian American press ...

This week&#39;s travel <b>news</b> - Travel - Macleans.ca

166188One Responsehttp%3A%2F%2Fwww2.macleans.ca%2F2011%2F01%2F07%2Fthis-weeks-travel-news-33%2FThis+week%27s+travel+news2011-01-07+20%3A17%3A34macleans.cahttp%3A%2F%2Fwww2.macleans.ca%2F%3Fp%3D166188 to “This week's travel news” ...


Thursday, January 6, 2011

Money Making Websites


10 Exciting European Startups from 2010


Europe’s had a bumper year for interesting startup ideas. The Next Web’s Hermione Way and I put our heads together to come up with this list of ten small tech companies from across the continent that have excited us in 2010.


Brainient


London-based Brainient makes it easy to add interactive elements to existing web video. A ‘Magic Script’ lets publishers add a few lines of code into a website’s Body HTML, enabling pre-roll ads, overlays or any other type of Brainient layers on any embedded video in the page.


The company launched its developer tools at The Next Web Conference in April this year and announced the first of a fresh wave of commercial partnerships, allowing video site SeeSaw to transplant Hulu’s “Choose your own ads” format to the UK for the first time.


Tastebuds


If music be the food of love, the Tastebuds is on to a good thing. This Last.fm-powered dating site that we profiled earlier this year matches you with others who share your taste in music.


It’s a simple idea that the site carries off incredibly well and as a niche dating idea we love it. Music taste can often say a lot about a person’s outlook on life and if nothing else, it’s an excellent conversation starter. The service may be a little too reliant on Last.fm from a business point of view, but as a concept it’s beautifully realised.


Skimlinks


Affiliate links are a major revenue stream for some online publishers. Taking all the effort out of this type of marketing, Skimlinks gets rid of the long URLs that often put users off clicking links. The fact that the publisher is getting a cut from sales of the product they’re linking to is completely invisible, as a Skimlinks URL looks just like a normal non-affiliate link.


It’s a model that has won Skimlinks major worldwide publishing clients. This year the London-based startup launched Skimkit, a product that makes it easy for writers to add affiliate links to their articles, even suggesting items that might be suitable to link to.


Shutl


As satisfying as it is to conveniently order shopping online from home, the wait to get it delivered can sometimes make a trip to a bricks-and-mortar store seem like a better option. Shutl aims to improve on next-day delivery by offering products to your door as soon as 90 minutes after you place your order.


The service works by aggregating capacity across local courier companies into a single web-service that retailers can use to speed up deliveries. A GPS tracking facility in partnership with Bing Maps allows shoppers to track their deliveries in real-time via the Shutl website. The UK startup is currently trialling its service with certain Argos stores in the London area.


Paper.li


It was hard to ignore Swiss startup Paper.li this year. The “Twitter newspaper” startup saw rapid viral growth thanks to the automated tweets it sent out each time a user’s daily newspaper was published.


This annoyed some Twitter users, who found their reply stream filled with announcements that they featured in their followers’ Paper.li publications each day. Still, the service is still growing at a reported 1000 papers per day, with plans to expand beyond Twitter and Facebook and offer users the chance to make money from their newspapers in 2011.


Nuji


When we covered Nuji‘s launch earlier this month, we described it as “Instagram meets Instapaper” for shopping. This social network sees you sharing things you like, be they items in shops or objects you spot online, as a way of demonstrating your taste. A mobile app lets you scan barcodes while you’re out shopping, making adding items to your profile easy.


As it builds a network of tastemakers, Nuji plans to monetize by offering relevant shopping deals to users based on their interests.


Flattr


This Swedish startup from Pirate Bay founder Peter Sunde offers publishers an “online tipjar” that can easily monetize any Web page.


After adding money to their Flattr account, users click the ‘Flattr’ button on pages that they like around the Web. At the end of the month, the money in their account is divvied up to the publishers of the content the user ‘Flattr-ed’. Thus far the service’s most high profile signup has been Wikileaks, which added the button to its Afghanistan war logs page as a way of accepting donations. The service remains one of the few income sources that hasn’t been closed off to the controversial whistleblowing website in recent weeks.


Moshi Monsters


Moshi Monsters from London’s Mind Candy became an online phenomenon for children this year. Youngsters can adopt a pet monster, and solve puzzles to earn virtual currency that can be spent on items to help kit out their monsters’ world with food, furniture treats and the like.


The virtual world has seen real-world spinoffs galore. A deal with Penguin Books was followed by toys, mobile apps and video games in what is set to be a highly profitable year.


Stupeflix


France’s Stupeflix offers a browser-based online video suite and this year launched a service to automate the creation of videos, for example, in the online retail sector where a video of a pair of trainers created from a bunch of photos might be more appealing to potential customers than static photos.


Stupeflix also offers an API to automate the processing and generation of video content for third parties.


Screach


Screach aims to make all sorts of screens interactive by way of a mobile app and a highly customisable development platform. TV shows could use it to allow real-time interaction from viewers, bars could use it to run quiz events with instant on-phone rewards for winners and it’s already being used to enhance a museum exhibit in the UK.


At present there’s little to try out Screach’s mobile app on, but that should change next year when the UK start-up is set to announce commercial partnerships.






As my Facebook friends and coworkers are tired of hearing, I’ve been on a serious fitness kick over the past year and a half, having lost 83 pounds. But I now have a new problem, and I admit it’s a pretty good one to have: My current set of fitness apps, geared around watching calories and tracking workouts, don’t seem ready to take me to the next level.


That’s why I was pretty pumped to hear about Gain Fitness, a new workout-recommendation site from former Google and YouTube employee Nick Gammell. Currently, the site offers randomized but scientific workouts that you can customize based on your experience level and available equipment.


The fitness industry is a $120 billion-a-year business. So there’s money to be made in the margins by making it more efficient, social, and data-driven. Gain’s service is aimed at regular exercisers who already hit the gym two to five times a week, but get frustrated at their lack of progress and the time it takes to both plan and track workouts. The notion of the site’s Quick Workout is that Gain Fitness can take out the time it takes to think through and plan a workout, while using principles of exercise science to design a sensible routine. Gammell estimates this demographic includes 50- 60 million people in the United States alone.


I certainly fit in that group: I’ve taught myself a fair bit about exercise and work out with a personal trainer but don’t consider myself an expert. When I clicked through Gain’s Quick Workout generator to show a workout I could do at home, what I saw both felt familiar and in my range of capabilities, yet seemed appropriately challenging — decline pushups, bodyweight squats, planks, and so on. (Gammell’s cofounder, Sam Morrell, is a certified personal trainer, while Gammell is a former college football player.)


There’s a host of fitness apps and websites out there, from DailyBurn and LoseIt to two personal favorites, MyFitnessPal and GymGoal. But Gammell hopes to harness his quantitative background — he was a financial data analyst at Google — and today’s sophisticated social networks to take online fitness to the next level. His plans for the site include public profiles, workout sharing, and social challenges. (Another site I’ve started using recently, Social Workout, already lets people create and join challenges and share them on Facebook, but doesn’t have Gain’s workout-generating function.)


What I’d really like to see is a way to tie more of these sites together. Just as location-based services have started to cooperate on place databases and check-in data, fitness sites should be able to share food diaries, calorie expenditures, and workout plans among themselves. Gammell agrees and said he’d like to be part of that move.


Gain Fitness, formerly known as eFitPlan, has raised $80,000 from friends and family members. Google executive Ben Ling, who’s well-known inside the tech business for his brutal workout regime, is an advisor to the company.


Gammell’s not just CEO of the company, he also uses the product — and offered this before-and-after photo as proof. As I joked with him, most people would consider themselves lucky if his before was their after, but it shows there’s an opportunity for fitness apps that go beyond the basics.



And here’s a presentation Morrell and Gammell gave at the Quantified Self, a workshop for fitness-tracking aficionados:



Next Story: VentureBeat on the prowl for DEMO startups in New York, Toronto Previous Story: Projects in 2010 took aim at cleantech’s chicken-and-egg dilemma




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Bad news: Obama's Hawaiian vacation rental was illegal.

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As the remaining Norwegian-American newspaper, we honor our predecessors by sharing the news of the vibrant Norwegian-American community with our 20000 readers every week. Posted by Christy on Thu 6 Jan 2011 at 01:15 AM ...

Dallas Morning <b>News</b> publisher on paywall plans: “This is a big <b>...</b>

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Dallas Morning <b>News</b> publisher on paywall plans: “This is a big <b>...</b>

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Dallas Morning <b>News</b> publisher on paywall plans: “This is a big <b>...</b>

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Dallas Morning <b>News</b> publisher on paywall plans: “This is a big <b>...</b>

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Dallas Morning <b>News</b> publisher on paywall plans: “This is a big <b>...</b>

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Bad <b>news</b>: Obama&#39;s Hawaiian vacation rental was illegal « Hot Air

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As the remaining Norwegian-American newspaper, we honor our predecessors by sharing the news of the vibrant Norwegian-American community with our 20000 readers every week. Posted by Christy on Thu 6 Jan 2011 at 01:15 AM ...

Dallas Morning <b>News</b> publisher on paywall plans: “This is a big <b>...</b>

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Bad <b>news</b>: Obama&#39;s Hawaiian vacation rental was illegal « Hot Air

Bad news: Obama's Hawaiian vacation rental was illegal.

The <b>News</b> from Norway : CJR

As the remaining Norwegian-American newspaper, we honor our predecessors by sharing the news of the vibrant Norwegian-American community with our 20000 readers every week. Posted by Christy on Thu 6 Jan 2011 at 01:15 AM ...

Dallas Morning <b>News</b> publisher on paywall plans: “This is a big <b>...</b>

In talking about the Dallas Morning News' plans to begin charging for digital content next month, Jim Moroney is surprisingly candid about the decision and the economics of the industry. When the publisher of the News told his staff ...


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Bad <b>news</b>: Obama&#39;s Hawaiian vacation rental was illegal « Hot Air

Bad news: Obama's Hawaiian vacation rental was illegal.

The <b>News</b> from Norway : CJR

As the remaining Norwegian-American newspaper, we honor our predecessors by sharing the news of the vibrant Norwegian-American community with our 20000 readers every week. Posted by Christy on Thu 6 Jan 2011 at 01:15 AM ...

Dallas Morning <b>News</b> publisher on paywall plans: “This is a big <b>...</b>

In talking about the Dallas Morning News' plans to begin charging for digital content next month, Jim Moroney is surprisingly candid about the decision and the economics of the industry. When the publisher of the News told his staff ...


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Bad <b>news</b>: Obama&#39;s Hawaiian vacation rental was illegal « Hot Air

Bad news: Obama's Hawaiian vacation rental was illegal.

The <b>News</b> from Norway : CJR

As the remaining Norwegian-American newspaper, we honor our predecessors by sharing the news of the vibrant Norwegian-American community with our 20000 readers every week. Posted by Christy on Thu 6 Jan 2011 at 01:15 AM ...

Dallas Morning <b>News</b> publisher on paywall plans: “This is a big <b>...</b>

In talking about the Dallas Morning News' plans to begin charging for digital content next month, Jim Moroney is surprisingly candid about the decision and the economics of the industry. When the publisher of the News told his staff ...


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Bad <b>news</b>: Obama&#39;s Hawaiian vacation rental was illegal « Hot Air

Bad news: Obama's Hawaiian vacation rental was illegal.

The <b>News</b> from Norway : CJR

As the remaining Norwegian-American newspaper, we honor our predecessors by sharing the news of the vibrant Norwegian-American community with our 20000 readers every week. Posted by Christy on Thu 6 Jan 2011 at 01:15 AM ...

Dallas Morning <b>News</b> publisher on paywall plans: “This is a big <b>...</b>

In talking about the Dallas Morning News' plans to begin charging for digital content next month, Jim Moroney is surprisingly candid about the decision and the economics of the industry. When the publisher of the News told his staff ...


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Bad <b>news</b>: Obama&#39;s Hawaiian vacation rental was illegal « Hot Air

Bad news: Obama's Hawaiian vacation rental was illegal.

The <b>News</b> from Norway : CJR

As the remaining Norwegian-American newspaper, we honor our predecessors by sharing the news of the vibrant Norwegian-American community with our 20000 readers every week. Posted by Christy on Thu 6 Jan 2011 at 01:15 AM ...

Dallas Morning <b>News</b> publisher on paywall plans: “This is a big <b>...</b>

In talking about the Dallas Morning News' plans to begin charging for digital content next month, Jim Moroney is surprisingly candid about the decision and the economics of the industry. When the publisher of the News told his staff ...


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Bad <b>news</b>: Obama&#39;s Hawaiian vacation rental was illegal « Hot Air

Bad news: Obama's Hawaiian vacation rental was illegal.

The <b>News</b> from Norway : CJR

As the remaining Norwegian-American newspaper, we honor our predecessors by sharing the news of the vibrant Norwegian-American community with our 20000 readers every week. Posted by Christy on Thu 6 Jan 2011 at 01:15 AM ...

Dallas Morning <b>News</b> publisher on paywall plans: “This is a big <b>...</b>

In talking about the Dallas Morning News' plans to begin charging for digital content next month, Jim Moroney is surprisingly candid about the decision and the economics of the industry. When the publisher of the News told his staff ...


surface encounters macomb
surface encounters noblesville

Bad <b>news</b>: Obama&#39;s Hawaiian vacation rental was illegal « Hot Air

Bad news: Obama's Hawaiian vacation rental was illegal.

The <b>News</b> from Norway : CJR

As the remaining Norwegian-American newspaper, we honor our predecessors by sharing the news of the vibrant Norwegian-American community with our 20000 readers every week. Posted by Christy on Thu 6 Jan 2011 at 01:15 AM ...

Dallas Morning <b>News</b> publisher on paywall plans: “This is a big <b>...</b>

In talking about the Dallas Morning News' plans to begin charging for digital content next month, Jim Moroney is surprisingly candid about the decision and the economics of the industry. When the publisher of the News told his staff ...


surface encounters rock tops
surface encounters noblesville

Bad <b>news</b>: Obama&#39;s Hawaiian vacation rental was illegal « Hot Air

Bad news: Obama's Hawaiian vacation rental was illegal.

The <b>News</b> from Norway : CJR

As the remaining Norwegian-American newspaper, we honor our predecessors by sharing the news of the vibrant Norwegian-American community with our 20000 readers every week. Posted by Christy on Thu 6 Jan 2011 at 01:15 AM ...

Dallas Morning <b>News</b> publisher on paywall plans: “This is a big <b>...</b>

In talking about the Dallas Morning News' plans to begin charging for digital content next month, Jim Moroney is surprisingly candid about the decision and the economics of the industry. When the publisher of the News told his staff ...


surface encounters michigan
surface encounters macomb mi

Bad <b>news</b>: Obama&#39;s Hawaiian vacation rental was illegal « Hot Air

Bad news: Obama's Hawaiian vacation rental was illegal.

The <b>News</b> from Norway : CJR

As the remaining Norwegian-American newspaper, we honor our predecessors by sharing the news of the vibrant Norwegian-American community with our 20000 readers every week. Posted by Christy on Thu 6 Jan 2011 at 01:15 AM ...

Dallas Morning <b>News</b> publisher on paywall plans: “This is a big <b>...</b>

In talking about the Dallas Morning News' plans to begin charging for digital content next month, Jim Moroney is surprisingly candid about the decision and the economics of the industry. When the publisher of the News told his staff ...


surface encounters michigan

Wednesday, January 5, 2011

Making Money Cash


Even the long fawning UK press is now saying what any startup who has tangled with the music industry has said all along: Spotify will not be able to launch its free any-song-you-want-to-hear-the-second-you-want-to-hear-it service in the US. The Telegraph is reporting that at the last minute the labels demanded too much upfront cash, killing a hard negotiated potential deal.


This is sad, but not a surprise. Despite all the reasons consumers would love it and labels should be empowering a rival for iTunes, the labels are in defensive mode and have never been rational when it comes to these things. My issues with how Spotify has handled this aside, I actually didn’t want to be right on this one. It’s a sad day for users.


But this will be the interesting thing to watch: Does Spotify just roll these we’re-definitely-launching-in-the-US assurances forward to 2011, the way the company has the last two years or does it pivot, and focus on building a profitable site for Europe and other less guarded pockets of the emerging world? In the Telegraph link above an unnamed source says the year of brutal negotiations has forced Spotify to “stop and think about whether it can afford the move to the US and indeed whether it is worth it,” while the article quotes a Spotify spokesman as saying the negotiations are “on-going.” Oh, Spotify.


Here’s my advice: Pivot. Spotify has spent two years, and undoubtedly plenty of money and focus, fighting what was always a Don Quixote like battle to make the US labels listen to reason. This is the same industry who sued their users. It was a valiant effort, but it didn’t work. We can argue why they should back Spotify all day long, but the last two years has proven that they are just not going to listen without Spotify having to make some major concessions.


I think Spotify should walk instead of making those concessions. No matter how hot of a startup you are, money and time are exhaustible commodities. Spotify should start directing them at challenges elsewhere until there is enough of a sea-change in the US music market that labels see reason. Giving into the labels’ demands isn’t the answer. Instead, Spotify should retreat, build in other countries, perfect its model, get to profitability, and then come back to this market when the labels are weaker and Spotify is stronger, boldly proving cynics like me flat wrong. Use your international headquarters as an advantage, not a liability.


Spotify board member Klaus Hommels told me in an interview late last year that he believed Spotify may be the venture industry’s last-ditch effort to build an online music company. (Other than Pandora, of course, the online music company with nine-lives that finally won the right to exist.) He told the labels in negotiations that if they opted instead to drain Spotify’s venture cash and leave it for dead the way they have to so many others, they may never get another hot upstart to back. And that would resign them to an Apple dominated world.


He may be right. So why not play the long game, instead of the short one?


(Note: Don’t worry, I’ve put two dollars in the TechCrunch Pivot/Swear Jar.)


Jon Cohn notes that the GOP's game of chicken on whether to raise the debt ceiling is pretty goddamn insane:


And the alternative—failing to increase the debt ceiling? What precise effects would that have? This isn't my area of expertise, but my colleague Alex Hart knows a thing or two about it. Here's what he wrote last week:


Recent history provides a sense of just how scary this would be. “The reason the markets calmed down [during the financial crisis] is that we took [the banks’] toxic assets and handed the financial institutions Treasurys,” says Kevin Hassett, a scholar at the American Enterprise Institute. “If we’re in a default situation, the Treasurys themselves are the toxic assets, and it’s not clear what we can hand anybody to calm them down.”


The sad thing is, Graham seems to grasp this: In the same interview, he notes that default could be catastrophic. But that's not stopping him from making his demands. And that's particularly disheartening, since he is supposed to be one of the more reasonable members of the Republican Senate caucus.


And this is precisely why the Democrats should (but certainly won't) call the GOP's bluff on the debt ceiling. Look, the Masters of the Universe have parked a lot of cash in treasuries over the past few years since t-bills are traditionally one of the safest investments around during times of extreme uncertainty. If the GOP puts the United States into serious risk of defaulting, the Masters of the Universe stand to lose a lot of money as the treasuries they've purchased become as toxic as Greek or Irish debt. This is why the GOP's Wall Street overlords will never, repeat never, tolerate them playing around seriously with raising the debt ceiling and it's why the GOP will cave if Obama and the Democrats stick to their guns (which they won't, incidentally, as many of them actually will welcome the GOP giving them political cover to slash Social Security and other key programs).


But would the GOPers really risk losing countless sums of money for their masters if they created a sovereign debt crisis? Sorta doubt it. And it's worth letting them try simply to watch them slink away in defeat.


Onto more economic news!



  • Felix Salmon depressingly notes how Larry Summers will likely be replaced by yet another rich person with strong ties to Wall Street:

    From today’s WaPo report it seems that the shortlist to replace Larry Summers at the NEC has been whittled down to three men — Gene Sperling, Roger Altman, and Richard Levin. [...]


    [T]hey’re all multi-millionaires with close ties to Wall Street. None more than Altman, of course, who has his own bank. But Levin is on the board of American Express, which paid him $181,362 in 2009, and where he has shares and “share equivalent units” worth $539,000. Which might not be a huge sum compared to the $1.5 million or so that he’s earning at Yale, but is still more than enough to make him a denizen of Wall Street rather than Main Street.


    Finally there’s Sperling, who in some ways is the worst of the three when it comes to grubbing money from Wall Street. The other two have well-defined and easily-understood jobs; Sperling, by contrast, signed up with the Harry Walker Agency and started giving speeches to anybody with cash, including not only Citigroup but even Allen Stanford. He also wrote a monthly 900-word column for Bloomberg for $137,500 a year, which works out at about $13 per word. Then he started “advising” Goldman Sachs on its charitable giving, which advice came very expensively indeed:


    Goldman Sachs paid Sperling $887,727 for advice on its charitable giving. That made the bank his highest-paying employer. Even Geithner’s chief of staff Patterson, who was a full-time lobbyist at the firm, did not make as much as Sperling did on a part-time basis. Patterson reported earning $637,492 from Goldman Sachs [in 2008].


    Well, peachy. If there's one thing America needs, it's a another person who used to be on Goldman's payroll making key economic policy recommendations.


    Brad DeLong gives it the old college try and insists that Sperling is actually a liberal, but to me this isn't even about standard left-right ideology anymore but about whether people have bought into the idea that the Great Wall Street Casino is a sustainable economic model. Sperling could be a perfectly nice guy who really wants to help people get affordable health care and good education, but as long as he thinks Wall Street's Ponziconomy is the best way to generate wealth in this country, he should have no business influencing national economic policy.




  • On a more positive note, there has been some legit good economic news over the last couple of weeks. Initial jobless claims dipped below 400,000 for the first time since 2008 last week and we got word yesterday that manufacturing is picking up steam:

    Manufacturing activity expanded for a 17th month in a row in December, rising to the highest level in seven months, a purchasing managers' group said Monday.


    The Institute for Supply Management's index for manufacturing activity ticked up to 57 in December. That's the highest reading since May and up from 56.6 in November.


    The reading came in slightly lower than the 57.3 level expected by a Briefing.com consensus of economists. Any reading of more than 50 indicates expansion in the sector, and the index has remained above this mark for 17 consecutive months.


    For the first time in forever, you can see real-life green shoots for the economy. Of course, several things could quickly derail any recovery this year (see: refusing to raise the debt ceiling) so let's keep our fingers crossed.




  • And for what it's worth, the fake economy is also doing well right now, with the Dow closing in on 11,700. This doesn't mean anything to the millions of people who can't find a job, but the media seem to think it's the most important economic metric EV-ARRRR so there you go.


What else is happening, peeps?




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Weirdest Finding of 2010? Balmain Hair Extensions – Fashionista <b>...</b>

Fashion Industry News, Designers, Runway Shows, Style Advice. Send Tips � Advertise � About Us � Network � Above the Law � AltTransport � Breaking Media � Fashionista. Search for: ... Posted in: Beauty, News ...

Profs Tell Fox <b>News</b>: Stop Making Viewers Dumber | Education <b>...</b>

Need any more proof that Fox News is actually making its viewers dumber? Look no further than the latest study out of the University of Maryland. Fox's fake news program has actually managed to con... Read more of this post, Profs Tell ...

500 More Red-Winged Blackbirds Found Dead in Louisiana - AOL <b>News</b>

Days after 100000 fish and approximately 4000 red-winged blackbirds were found dead in Arkansas, 500 deceased blackbirds and starlings were discovered on a Louisiana highway.


Tuesday, January 4, 2011

Making Money Online Forum

Every startup needs to understand that the customer paradigm has dramatically shifted over the past two years with pervasive social networks and smartphones. The customer base is no longer a mass audience that can be driven by mass media, but a dynamic network of individual customers who interact with each other, and expect to interact with you as a business.

If your business doesn’t connect with your customers, individually and as a community, demanding customers will not only ignore you, but will actively keep other customers away. According to the 2009 Tribalization of Business Study by Deloitte Development, one third of all online communities now launched by businesses fail to engage even a hundred participants.

A new book by David L. Rogers, titled The Network is Your Customer, elaborates on this paradigm shift, and outlines the following five key strategies to thrive in this digital age, prioritized from the most basic to the most complex in value to the customer:

  1. Access to your business from the relevant network of customers. Every organization today faces the expectations of an always-on world. To compete, startups must find ways to provide customers an easier, faster, more pervasive connection to digital networks, via mobile as well as the Internet.

  2. Engage customers with relevant and valuable content. In an environment of media overload and rampant ad-skipping, startups that want to engage customer networks need to create content that customers actually want to consume. Funny videos and worthless give-aways won’t make your website go “viral” these days.

  3. Customize your interactions to meet unique customer needs. You need to give customers the tools to customize products, services, and content to suit their needs and interests, to engage them more deeply, add value, and differentiate your offering from competitors.

  4. Connect to the customer in your communication. Join in conversations with customers who are already shaping brand perception and sharing their ideas and opinions on the Web. Conversations may be on existing social media, or on your own brand forum established specifically for this purpose.

  5. Collaborate with customers on shared goals. One of the most powerful ways to engage customer networks is to invite them to collaborate with your startup on shared goals and projects. This requires the right balance of motivators (love, glory, and money), and the right balance of bottoms-up versus top-down control.

Many businesses that seem to understand the new paradigm still fall for some common mistakes, like the following, that can blunt the effectiveness of their efforts:

  • Infatuation with technology. Founders too often see a list of the latest hot tools, and go after them, without first making the proper analysis and connect to relevant customers. The best tools, if not relevant or used incorrectly, can’t save you.

  • Lack of customer insight. Startups launch plans without taking the time to understand the networked behavior of their customers, or the drivers for that behavior.

  • Lack of clear objectives. Without a clear scope and vision, efforts become unfocused, lack impact, and are impossible to measure. Everyone on the team has to be involved and on board, or the efforts will be fragmented.

This book outlines a good process for planning and implementing a customer network strategy to match your customers, your business, and your objectives – whether you need to drive sales, reduce costs, gain customer insight, or build breakthrough products and services.

The bottom line is that today, whatever your goals and whatever your business, the network is your customer. Connect to it and win customers.

Marty Zwilling


Politico said he wasn’t, now Fox News (and Frum Forum) say he is. To help you process this news, read Ed’s post from this morning about Obama potentially spending a cool billion on the 2012 campaign and then have a look at Jay Cost’s graph of Republican fundraising over the last four cycles. Said Cost, believing that Steele was set to bow out, “In the end, this is what did Michael Steele in. He could not raise the money, and that just will not do moving forward.”


Or will it?


Ending weeks of rumors that he would not seek a second term, Steele plans to throw his hat into the ring during a conference call with RNC members at 7:30 p.m. ET, the sources said. Steele is said to be amused by false reports of his retirement and intentionally kept his plans secret for the last month in order to flush out competitors for the post, Fox has learned.


During Steele’s tenure, Republicans picked up 63 House seats in last month’s elections, the biggest gain in more than seven decades. But Steele has been dogged by criticism from some Republicans who see him as prone to missteps.


Criticism of Steele has helped lead to a crowded field of challengers seeking to head the RNC. Among those who have officially announced they are in the race are Saul Anuzis, a committee member from Michigan who ran and lost to Steele in 2009, and Reince Priebus of Wisconsin, a former member of Steele’s inner circle, along with former Luxembourg Ambassador Anne Wagner.


So that explains why he didn’t show up at the RNC chair debate: He was lying low, cagily making it look like he wouldn’t run again so that, er … more contenders would jump into the race. Frum Forum’s whip count puts him at around 45-60 votes in the first round of balloting, with 85 needed to win; several of his former aides and allies (Reince Priebus, Gentry Collins, etc) are in the race as challengers, so a key question will be what happens to their supporters if/when they’re eliminated in the first few rounds. Are those supporters so disgruntled with Steele that they’ll gravitate to a consensus alternative, like Saul Anuzis? Or are they actually clubby RNC insiders who prefer Priebus and Collins to Steele but will resort to the chairman as a next best option if their preference is eliminated? Or will some outsider with fundraising appeal, like Norm Coleman, sweep in to provide yet another alternative?


There are only two reasons to conceivably back Steele, as I see it. One: The GOP did, after all, win 63 seats on his watch, and he’s been lying low enough over the last few months that at least it looks like the gaffe-o-rama phase of his chairmanship is finally over. All of which is well and good, but in that case I urge you to follow the link up top and eyeball Cost’s graph again. The question isn’t whether the GOP did well this year, it’s whether it could have done better if the RNC had been flush with cash. Gentry Collins argued that poor fundraising might have cost Republicans an extra two dozen House seats, but given that he’s now challenging Steele for the chairman’s position, take that estimate for what it’s worth. Two: If you believe that, in an age of online donations and targeted giving to campaigns, the RNC will never again be relevant the way it once was, then maybe it’s better to keep Steele in place. It’ll avoid a nasty public squabble between pro-Steele factions, led by Palin, and anti-Steele factions like the “Bush establishment,” and it’ll spare us the spectacle of Steele doing interviews to dump on the GOP after he loses. Plus, if Steele’s reelected, Republican outside groups are bound to start planning way ahead to pick up the slack in case the RNC can’t get its act together to fulfill its traditional fundraising and GOTV roles. No one cares about the RNC as an organization, only that its functions are being done and done well by some conservative outfit. If Steele’s reelected, it means that some other outfit or outfits will be pressured to step up. Inconvenient, but not fatal. I think.






robert shumake detroit

Pink Floyd Re-Signs With EMI: Good <b>News</b> for the Band or the Label?

Progressive rock legends Pink Floyd have re-signed with their longtime record label EMI.

New Edition of Huckleberry Finn to Drop N-Word: Instant Reactions

Auburn University professor Alan Gribben, along with NewSouth Books, plans to release a newly edited edition of the Mark Twain classic, with every instance of the N-word replaced with the word.

Nike Air Max LeBron Soldier V – Upcoming Colorways | SneakerNews.com

Continue reading for a complete look at the upcoming colorways of the Air Max LeBron Soldier V and stick with Sneaker News for more updated information on all Nike LeBron shoes. via CK. Nike Air Max LeBron Soldier V – Upcoming Colorways ...


robert shumake

Pink Floyd Re-Signs With EMI: Good <b>News</b> for the Band or the Label?

Progressive rock legends Pink Floyd have re-signed with their longtime record label EMI.

New Edition of Huckleberry Finn to Drop N-Word: Instant Reactions

Auburn University professor Alan Gribben, along with NewSouth Books, plans to release a newly edited edition of the Mark Twain classic, with every instance of the N-word replaced with the word.

Nike Air Max LeBron Soldier V – Upcoming Colorways | SneakerNews.com

Continue reading for a complete look at the upcoming colorways of the Air Max LeBron Soldier V and stick with Sneaker News for more updated information on all Nike LeBron shoes. via CK. Nike Air Max LeBron Soldier V – Upcoming Colorways ...


robert shumake detroit

Every startup needs to understand that the customer paradigm has dramatically shifted over the past two years with pervasive social networks and smartphones. The customer base is no longer a mass audience that can be driven by mass media, but a dynamic network of individual customers who interact with each other, and expect to interact with you as a business.

If your business doesn’t connect with your customers, individually and as a community, demanding customers will not only ignore you, but will actively keep other customers away. According to the 2009 Tribalization of Business Study by Deloitte Development, one third of all online communities now launched by businesses fail to engage even a hundred participants.

A new book by David L. Rogers, titled The Network is Your Customer, elaborates on this paradigm shift, and outlines the following five key strategies to thrive in this digital age, prioritized from the most basic to the most complex in value to the customer:

  1. Access to your business from the relevant network of customers. Every organization today faces the expectations of an always-on world. To compete, startups must find ways to provide customers an easier, faster, more pervasive connection to digital networks, via mobile as well as the Internet.

  2. Engage customers with relevant and valuable content. In an environment of media overload and rampant ad-skipping, startups that want to engage customer networks need to create content that customers actually want to consume. Funny videos and worthless give-aways won’t make your website go “viral” these days.

  3. Customize your interactions to meet unique customer needs. You need to give customers the tools to customize products, services, and content to suit their needs and interests, to engage them more deeply, add value, and differentiate your offering from competitors.

  4. Connect to the customer in your communication. Join in conversations with customers who are already shaping brand perception and sharing their ideas and opinions on the Web. Conversations may be on existing social media, or on your own brand forum established specifically for this purpose.

  5. Collaborate with customers on shared goals. One of the most powerful ways to engage customer networks is to invite them to collaborate with your startup on shared goals and projects. This requires the right balance of motivators (love, glory, and money), and the right balance of bottoms-up versus top-down control.

Many businesses that seem to understand the new paradigm still fall for some common mistakes, like the following, that can blunt the effectiveness of their efforts:

  • Infatuation with technology. Founders too often see a list of the latest hot tools, and go after them, without first making the proper analysis and connect to relevant customers. The best tools, if not relevant or used incorrectly, can’t save you.

  • Lack of customer insight. Startups launch plans without taking the time to understand the networked behavior of their customers, or the drivers for that behavior.

  • Lack of clear objectives. Without a clear scope and vision, efforts become unfocused, lack impact, and are impossible to measure. Everyone on the team has to be involved and on board, or the efforts will be fragmented.

This book outlines a good process for planning and implementing a customer network strategy to match your customers, your business, and your objectives – whether you need to drive sales, reduce costs, gain customer insight, or build breakthrough products and services.

The bottom line is that today, whatever your goals and whatever your business, the network is your customer. Connect to it and win customers.

Marty Zwilling


Politico said he wasn’t, now Fox News (and Frum Forum) say he is. To help you process this news, read Ed’s post from this morning about Obama potentially spending a cool billion on the 2012 campaign and then have a look at Jay Cost’s graph of Republican fundraising over the last four cycles. Said Cost, believing that Steele was set to bow out, “In the end, this is what did Michael Steele in. He could not raise the money, and that just will not do moving forward.”


Or will it?


Ending weeks of rumors that he would not seek a second term, Steele plans to throw his hat into the ring during a conference call with RNC members at 7:30 p.m. ET, the sources said. Steele is said to be amused by false reports of his retirement and intentionally kept his plans secret for the last month in order to flush out competitors for the post, Fox has learned.


During Steele’s tenure, Republicans picked up 63 House seats in last month’s elections, the biggest gain in more than seven decades. But Steele has been dogged by criticism from some Republicans who see him as prone to missteps.


Criticism of Steele has helped lead to a crowded field of challengers seeking to head the RNC. Among those who have officially announced they are in the race are Saul Anuzis, a committee member from Michigan who ran and lost to Steele in 2009, and Reince Priebus of Wisconsin, a former member of Steele’s inner circle, along with former Luxembourg Ambassador Anne Wagner.


So that explains why he didn’t show up at the RNC chair debate: He was lying low, cagily making it look like he wouldn’t run again so that, er … more contenders would jump into the race. Frum Forum’s whip count puts him at around 45-60 votes in the first round of balloting, with 85 needed to win; several of his former aides and allies (Reince Priebus, Gentry Collins, etc) are in the race as challengers, so a key question will be what happens to their supporters if/when they’re eliminated in the first few rounds. Are those supporters so disgruntled with Steele that they’ll gravitate to a consensus alternative, like Saul Anuzis? Or are they actually clubby RNC insiders who prefer Priebus and Collins to Steele but will resort to the chairman as a next best option if their preference is eliminated? Or will some outsider with fundraising appeal, like Norm Coleman, sweep in to provide yet another alternative?


There are only two reasons to conceivably back Steele, as I see it. One: The GOP did, after all, win 63 seats on his watch, and he’s been lying low enough over the last few months that at least it looks like the gaffe-o-rama phase of his chairmanship is finally over. All of which is well and good, but in that case I urge you to follow the link up top and eyeball Cost’s graph again. The question isn’t whether the GOP did well this year, it’s whether it could have done better if the RNC had been flush with cash. Gentry Collins argued that poor fundraising might have cost Republicans an extra two dozen House seats, but given that he’s now challenging Steele for the chairman’s position, take that estimate for what it’s worth. Two: If you believe that, in an age of online donations and targeted giving to campaigns, the RNC will never again be relevant the way it once was, then maybe it’s better to keep Steele in place. It’ll avoid a nasty public squabble between pro-Steele factions, led by Palin, and anti-Steele factions like the “Bush establishment,” and it’ll spare us the spectacle of Steele doing interviews to dump on the GOP after he loses. Plus, if Steele’s reelected, Republican outside groups are bound to start planning way ahead to pick up the slack in case the RNC can’t get its act together to fulfill its traditional fundraising and GOTV roles. No one cares about the RNC as an organization, only that its functions are being done and done well by some conservative outfit. If Steele’s reelected, it means that some other outfit or outfits will be pressured to step up. Inconvenient, but not fatal. I think.






robert shumake

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robert shumake

Pink Floyd Re-Signs With EMI: Good <b>News</b> for the Band or the Label?

Progressive rock legends Pink Floyd have re-signed with their longtime record label EMI.

New Edition of Huckleberry Finn to Drop N-Word: Instant Reactions

Auburn University professor Alan Gribben, along with NewSouth Books, plans to release a newly edited edition of the Mark Twain classic, with every instance of the N-word replaced with the word.

Nike Air Max LeBron Soldier V – Upcoming Colorways | SneakerNews.com

Continue reading for a complete look at the upcoming colorways of the Air Max LeBron Soldier V and stick with Sneaker News for more updated information on all Nike LeBron shoes. via CK. Nike Air Max LeBron Soldier V – Upcoming Colorways ...


robert shumake

Pink Floyd Re-Signs With EMI: Good <b>News</b> for the Band or the Label?

Progressive rock legends Pink Floyd have re-signed with their longtime record label EMI.

New Edition of Huckleberry Finn to Drop N-Word: Instant Reactions

Auburn University professor Alan Gribben, along with NewSouth Books, plans to release a newly edited edition of the Mark Twain classic, with every instance of the N-word replaced with the word.

Nike Air Max LeBron Soldier V – Upcoming Colorways | SneakerNews.com

Continue reading for a complete look at the upcoming colorways of the Air Max LeBron Soldier V and stick with Sneaker News for more updated information on all Nike LeBron shoes. via CK. Nike Air Max LeBron Soldier V – Upcoming Colorways ...


robert shumake detroit

I've gone through many of the trials & tribulations of attempting to make money online. In this article I'll give an overview of the pros and cons of some of the ways to make money on the internet by relaying my experiences with them.

Blogging
While searching online for money-making tips one of the more prominent strategies you'll likely come across is to start your own blog. This can generate income by way of ads on your blog that pay a miniscule amount every time a visitor clicks on them. That miniscule amount doesn't sound too bad if you consider getting thousands of hits on your blog and a fraction of those hits going to the ads as well.

The reality of the blog itself is that it can take a very long time and a lot of hard work to establish a blog that generates enough traffic to make you anything. You'll likely see nothing coming of your efforts for months, if ever. Blogging for an income really depends on your patience, determination, and the ability to market your blog. It also depends on the topic you're blogging on and what kind of interest it garners. If you blog on a very popular topic, you're going to have competition, and you may not be able to tap into the popularity of that topic because you're overshadowed by more established blogs. If you blog on a very obscure topic, you may find readers, but you may not find enough to make it worthwhile.

In the end, blogging is a possible source of income but a fairly unlikely one. Consider this option only if you have the time and persistence to stick with it for the long haul. I personally gave up after realizing I just did not have the patience.

Pay-Per-Click, Pay-Per-Post, etc.
If you're desperate enough you may consider those sites that pay you for clicking on ads. Those sites that usually pay a few cents per click. Yes, those. The only real way to make money on these things is to refer a ton of people. I'm not sure how you'd go about referring a bunch of strangers, but I certainly wouldn't want anyone I know to know that I was sitting around clicking ads for pennies at a time. This option is a waste of time.

As for pay-per-post, there are forum operators out there who need someone to post on their board to make it appear active so that new members are encouraged to join. They'll hire people to post and pay them a measily amount for it. I'm not sure exactly how much, as I haven't fully investigated this option. It seemed too much like the pay-to-click option for me to bother.

Marketing Schemes
Yes, schemes. There are so many marketing "programs" and "systems" out there. How many of them are legitimate? I don't know. I guess some of them can be considered legitimate, but none of them really look like it. They want you to join up and then get more people to join up under you... or something. You know, typical pyramid scheme-type stuff. Some people do make money doing this, though if I was one of them I'd imagine I would feel like a bit of a scumbag. I wouldn't recommend this, although I'm no expert on the details.

Selling Stock Photography
A lot of stock photography websites will pay you every time you sell a photo you've posted. This seems like a solid option to me, unfortunately I don't currently own a camera that has a resolution high enough to meet the standards set by many of these sites. I posted a photo on a site with lighter restrictions, and I think it's a decent enough photo. I put it up for only two bucks, but it hasn't sold once. I don't know whether that's due to the lower traffic of the site, the quality of my photography, or what. I'd like to try this out more in the future. I'd recommend giving it a whirl if you meet the requirements.

Play Online Poker
I haven't tried this, as I have a policy of trying to make money from nothing rather than investing anything of my own. I guess I could try building up from ten dollars or so. That would take studying and practicing poker to become good enough to consistently win, though. This one can be a real risk, even if you're good. The emotional ups and downs of winning and losing are a negative in my book, as well.

Freelance Writing
I'm trying this out right now. By posting this article here at Associated Content I'll earn $1.50 per thousand views it gets. I didn't do it just for the money though, I swear!

Hopefully I've saved you some time and given some insight on a few of the ways to... "make money", online. One thing to keep in mind is that there is no magic system out there that you can sign up for, put in a minimal amount of work, and get paid. Even the most logical of us seems to subconciously search for it, though. You just have to forget about that and find something that you can work at and make work for you. Good luck.


robert shumake

Pink Floyd Re-Signs With EMI: Good <b>News</b> for the Band or the Label?

Progressive rock legends Pink Floyd have re-signed with their longtime record label EMI.

New Edition of Huckleberry Finn to Drop N-Word: Instant Reactions

Auburn University professor Alan Gribben, along with NewSouth Books, plans to release a newly edited edition of the Mark Twain classic, with every instance of the N-word replaced with the word.

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Continue reading for a complete look at the upcoming colorways of the Air Max LeBron Soldier V and stick with Sneaker News for more updated information on all Nike LeBron shoes. via CK. Nike Air Max LeBron Soldier V – Upcoming Colorways ...


robert shumake detroit

Beats365: Hip Hop &amp; Rap Beats | Download Rap &amp; Hip Hop Instrumentals, Sound Effects, Stock Music by thenyouwin


robert shumake

Every startup needs to understand that the customer paradigm has dramatically shifted over the past two years with pervasive social networks and smartphones. The customer base is no longer a mass audience that can be driven by mass media, but a dynamic network of individual customers who interact with each other, and expect to interact with you as a business.

If your business doesn’t connect with your customers, individually and as a community, demanding customers will not only ignore you, but will actively keep other customers away. According to the 2009 Tribalization of Business Study by Deloitte Development, one third of all online communities now launched by businesses fail to engage even a hundred participants.

A new book by David L. Rogers, titled The Network is Your Customer, elaborates on this paradigm shift, and outlines the following five key strategies to thrive in this digital age, prioritized from the most basic to the most complex in value to the customer:

  1. Access to your business from the relevant network of customers. Every organization today faces the expectations of an always-on world. To compete, startups must find ways to provide customers an easier, faster, more pervasive connection to digital networks, via mobile as well as the Internet.

  2. Engage customers with relevant and valuable content. In an environment of media overload and rampant ad-skipping, startups that want to engage customer networks need to create content that customers actually want to consume. Funny videos and worthless give-aways won’t make your website go “viral” these days.

  3. Customize your interactions to meet unique customer needs. You need to give customers the tools to customize products, services, and content to suit their needs and interests, to engage them more deeply, add value, and differentiate your offering from competitors.

  4. Connect to the customer in your communication. Join in conversations with customers who are already shaping brand perception and sharing their ideas and opinions on the Web. Conversations may be on existing social media, or on your own brand forum established specifically for this purpose.

  5. Collaborate with customers on shared goals. One of the most powerful ways to engage customer networks is to invite them to collaborate with your startup on shared goals and projects. This requires the right balance of motivators (love, glory, and money), and the right balance of bottoms-up versus top-down control.

Many businesses that seem to understand the new paradigm still fall for some common mistakes, like the following, that can blunt the effectiveness of their efforts:

  • Infatuation with technology. Founders too often see a list of the latest hot tools, and go after them, without first making the proper analysis and connect to relevant customers. The best tools, if not relevant or used incorrectly, can’t save you.

  • Lack of customer insight. Startups launch plans without taking the time to understand the networked behavior of their customers, or the drivers for that behavior.

  • Lack of clear objectives. Without a clear scope and vision, efforts become unfocused, lack impact, and are impossible to measure. Everyone on the team has to be involved and on board, or the efforts will be fragmented.

This book outlines a good process for planning and implementing a customer network strategy to match your customers, your business, and your objectives – whether you need to drive sales, reduce costs, gain customer insight, or build breakthrough products and services.

The bottom line is that today, whatever your goals and whatever your business, the network is your customer. Connect to it and win customers.

Marty Zwilling


Politico said he wasn’t, now Fox News (and Frum Forum) say he is. To help you process this news, read Ed’s post from this morning about Obama potentially spending a cool billion on the 2012 campaign and then have a look at Jay Cost’s graph of Republican fundraising over the last four cycles. Said Cost, believing that Steele was set to bow out, “In the end, this is what did Michael Steele in. He could not raise the money, and that just will not do moving forward.”


Or will it?


Ending weeks of rumors that he would not seek a second term, Steele plans to throw his hat into the ring during a conference call with RNC members at 7:30 p.m. ET, the sources said. Steele is said to be amused by false reports of his retirement and intentionally kept his plans secret for the last month in order to flush out competitors for the post, Fox has learned.


During Steele’s tenure, Republicans picked up 63 House seats in last month’s elections, the biggest gain in more than seven decades. But Steele has been dogged by criticism from some Republicans who see him as prone to missteps.


Criticism of Steele has helped lead to a crowded field of challengers seeking to head the RNC. Among those who have officially announced they are in the race are Saul Anuzis, a committee member from Michigan who ran and lost to Steele in 2009, and Reince Priebus of Wisconsin, a former member of Steele’s inner circle, along with former Luxembourg Ambassador Anne Wagner.


So that explains why he didn’t show up at the RNC chair debate: He was lying low, cagily making it look like he wouldn’t run again so that, er … more contenders would jump into the race. Frum Forum’s whip count puts him at around 45-60 votes in the first round of balloting, with 85 needed to win; several of his former aides and allies (Reince Priebus, Gentry Collins, etc) are in the race as challengers, so a key question will be what happens to their supporters if/when they’re eliminated in the first few rounds. Are those supporters so disgruntled with Steele that they’ll gravitate to a consensus alternative, like Saul Anuzis? Or are they actually clubby RNC insiders who prefer Priebus and Collins to Steele but will resort to the chairman as a next best option if their preference is eliminated? Or will some outsider with fundraising appeal, like Norm Coleman, sweep in to provide yet another alternative?


There are only two reasons to conceivably back Steele, as I see it. One: The GOP did, after all, win 63 seats on his watch, and he’s been lying low enough over the last few months that at least it looks like the gaffe-o-rama phase of his chairmanship is finally over. All of which is well and good, but in that case I urge you to follow the link up top and eyeball Cost’s graph again. The question isn’t whether the GOP did well this year, it’s whether it could have done better if the RNC had been flush with cash. Gentry Collins argued that poor fundraising might have cost Republicans an extra two dozen House seats, but given that he’s now challenging Steele for the chairman’s position, take that estimate for what it’s worth. Two: If you believe that, in an age of online donations and targeted giving to campaigns, the RNC will never again be relevant the way it once was, then maybe it’s better to keep Steele in place. It’ll avoid a nasty public squabble between pro-Steele factions, led by Palin, and anti-Steele factions like the “Bush establishment,” and it’ll spare us the spectacle of Steele doing interviews to dump on the GOP after he loses. Plus, if Steele’s reelected, Republican outside groups are bound to start planning way ahead to pick up the slack in case the RNC can’t get its act together to fulfill its traditional fundraising and GOTV roles. No one cares about the RNC as an organization, only that its functions are being done and done well by some conservative outfit. If Steele’s reelected, it means that some other outfit or outfits will be pressured to step up. Inconvenient, but not fatal. I think.






robert shumake

Pink Floyd Re-Signs With EMI: Good <b>News</b> for the Band or the Label?

Progressive rock legends Pink Floyd have re-signed with their longtime record label EMI.

New Edition of Huckleberry Finn to Drop N-Word: Instant Reactions

Auburn University professor Alan Gribben, along with NewSouth Books, plans to release a newly edited edition of the Mark Twain classic, with every instance of the N-word replaced with the word.

Nike Air Max LeBron Soldier V – Upcoming Colorways | SneakerNews.com

Continue reading for a complete look at the upcoming colorways of the Air Max LeBron Soldier V and stick with Sneaker News for more updated information on all Nike LeBron shoes. via CK. Nike Air Max LeBron Soldier V – Upcoming Colorways ...


robert shumake detroit

Beats365: Hip Hop &amp; Rap Beats | Download Rap &amp; Hip Hop Instrumentals, Sound Effects, Stock Music by thenyouwin


robert shumake