The Coming Meltdown in College Education & Why The Economy Won’t Get Better Any Time Soon
This is what I see when i think about higher education in this country today:
Remember the housing meltdown ? Tough to forget isn’t it. The formula for the housing boom and bust was simple. A lot of easy money being lent to buyers who couldn’t afford the money they were borrowing. That money was then spent on homes with the expectation that the price of the home would go up and it could easily be flipped or refinanced at a profit. Who cares if you couldn’t afford the loan. As long as prices kept on going up, everyone was happy. And prices kept on going up. And as long as pricing kept on going up real estate agents kept on selling homes and finding money for buyers.
Facebook Said Set to Finish Taking IPO Orders Tomorrow (Update 2)
Facebook Inc. (FB) plans to stop taking orders for its initial public offering tomorrow, two days ahead of schedule, according to a person with knowledge of the transaction.
Facebook will likely finish taking orders for the IPO after U.S. markets close May 15, said the person, who declined to be identified as the plans are private. The company is offering 337.4 million shares at $28 to $35 each. Spokesman Jonathan Thaw didn’t answer a call outside of regular business hours.
Yahoo! Names Fred Amoroso Chairman and Appoints Ross Levinsohn Interim CEO
Yahoo! Inc. (NASDAQ: YHOO) today announced that the Board of Directors has named Fred Amoroso as Chairman of the Board of Directors and Ross Levinsohn as interim Chief Executive Officer, effective immediately. The Company also announced that its Board has reached an agreement with Third Point LLC (“Third Point”) to settle its pending proxy contest related to the Company’s 2012 annual meeting of shareholders.
Mr. Amoroso replaces Roy Bostock, who has stepped down from his role as Non-Executive Chairman in order to accelerate the leadership transition for the new Board. Mr. Levinsohn replaces Scott Thompson, former Chief Executive Officer, who has left the Company.
Here’s New Yahoo CEO’s First Note to Troops!
Here is the first missive to Yahoo’s troops from new interim CEO Ross Levinsohn, which I obtained from 653 sources at the company. (Joke alert! Sort of!)
“Importantly, today’s announcements lay to rest the unfortunate and serious distractions surrounding our senior leadership and the composition of our Board going forward,” said Levinsohn, who has been head of global media at the Silicon Valley Internet giant, in part. “In spite of the very bumpy road we’ve traveled, we are achieving genuine and meaningful successes in the marketplace every day and heading in the right direction.”
Dynamic Content Support in Amazon CloudFront
In the past three and a half years, Amazon CloudFront has changed the content delivery landscape. It has demonstrated that a CDN does not have to be complex to use with expensive contracts, minimum commits, or upfront fees, such that you are forcibly locked into a single vendor for a long time. CloudFront is simple, fast and reliable with the usual pay-as-you-go model. With just one click you can enable content to be distributed to the customer with low latency and high-reliability.
Today Amazon CloudFront has taken another major step forward in ease of use. It now supports delivery of entire websites containing both static objects and dynamic content. With these features CloudFront makes it as simple as possible for customers to use CloudFront to speed up delivery of their entire dynamic website running in Amazon EC2/ELB (or third-party origins), without needing to worry about which URLs should point to CloudFront and which ones should go directly to the origin.
The Apple-Intel-Samsung Ménage à Trois
Fascinating doesn’t do justice to the spectacle, nor to the stakes. Taken in pairs, these giants exchange fluids – products and billion$ – while fiercely fighting with their other half. Each company is the World’s Number One in their domain: Intel in microprocessors, Samsung in electronics, Apple in failure to fail as ordained by the sages.
The ARM-based chips in iDevices come from a foundry owned by Samsung, Apple’s mortal smartphone enemy. Intel supplies x86 chips to Apple and its PC competitors, Samsung included, and would like nothing more than to raid Samsung’s ARM business and make a triumphant Intel Inside claim for Post-PC devices. And Apple would love to get rid of Samsung, its enemy supplier, but not at the cost of losing the four advantages it derives from using the ARM architecture: cost, power consumption, customization and ownership of the design.
Insider tells why Anonymous ‘might well be the most powerful organization on Earth’
Christopher Doyon, a.k.a. Commander X, sits atop a hillside in an undisclosed location in Canada, watching a reporter and photographer make their way along a narrow path to join him, away from the prying eyes of law enforcement.
It’s been a few weeks of encrypted emails back and forth, working out the security protocol to follow for interviewing Doyon, one of the brains behind Anonymous, now a fugitive from the FBI.
Intel Windows 8 tablets to hit retail stores in November
The first wave of Intel-based Windows 8 tablets are expected to land in retail stores in November, a source familiar with device makers’ plans told CNET.
“The schedule is tight,” said the source. “Looking at what Windows is trying to achieve not only with a new OS, but a new OS that needs to run four to five architectures — three ARM, Intel, and AMD,” according to the source.
Iran forbids banks and other firms from corresponding with users of Gmail and other foreign email services
Iran has continued its online crackdown, and its move towards a national Internet, by introducing a new regulation that instructs banks, insurances firms and telecom companies to cease dealing with messages sent from foreign email addresses, AFP reports.