I've written here about a couple of previous "money bombs" organized by independent Ron Paul supporters-- one commemorating Guy Fawkes Night (and, oddly, the movie V for Vendetta) and another celebrating the Boston Tea Party.
There's another one scheduled for today, but it has a purpose beyond mere money-raising. As Rep. Paul has been gaining ground in the polls and primaries, opponents have revived old charges of racism based on newsletters written in his name back in 1992. The statements in the newsletters were pretty bad, but Paul didn't write them and has apologized for … Read more
Calling all entrepreneurs: follow the money.
If you did, that road down the IT path would likely lead you to clean-tech and Internet-specific businesses, according to results of the 2007 MoneyTree Report released Friday by PricewaterhouseCoopers and the National Venture Capital Association.
U.S. venture capitalists invested a total of $29.4 billion in 2007, up 10.8 percent from the previous year. That marked the fourth consecutive year of growth. The number of deals reached 3,813 last year, a modest rise of 5 percent over a year earlier.
I see today's "money bomb" for the Ron Paul presidential campaign is doing even better than the Nov. 5 event. No doubt the publicity from last month is helping this time around.
According to this real-time data from RonPaulGraphs.com, contributions are coming in at a rate about 50% higher than the previous occasion. Around 3 P.M. Pacific time, the day's donations passed the total for Nov. 5.
Donations are currently on a pace to reach about $6.5 million for the day, which would set a new one-day record for actual donations. And all without the support of the official campaign organization. … Read more
Back on November 5 I wrote about an independent fundraising effort on behalf of the Ron Paul campaign. The occasion was Guy Fawkes Night, the commemoration of the 1605 attempt to blow up the Palace of Westminster in England. As I said at the time, this was a strange occasion for fundraising in a US presidential campaign, but at least it gave the organizers a convenient tagline for the effort: they called it a "money bomb".
They're at it again, and this time they have a proper US political event to commemorate-- the Boston Tea Party, which … Read more
NEW YORK--In his keynote speech on Wednesday morning at the Media and Money conference hosted by Dow Jones and Nielsen, former Disney CEO Michael Eisner talked about writers as though they were a minority group that he didn't particularly understand well. "I like writers. Some of my best friends are writers," he said as though attempting to save face. But nevertheless, his foremost epithet for the ongoing Writer's Guild of America strike was "stupid."
"I see stupid strikes, and I see less stupid strikes. I see smart strikes," Eisner said in the … Read more
The days of bringing a wad of wrinkly $5 bills to space are over. Finally, a form of currency built for space travellers by National Space Centre scientists is here.
According to this BBC News story, the Quasi Universal Intergalactic Denomination (Quid for short) are coins custom-built for purchasing goods and services in space. The currency was designed by the U.K.'s National Space Centre and the University of Leicester for foreign exchange service Travelex.
The rounded, disc-shaped coins look a bit like skipping stones. Thanks to being made from the same polymer as nonstick pans, they will not … Read more
I came across a very disturbing social networking site last week called Yuwie. It's another site that's decided that for some reason, using a free, and highly functional social service populated by your friends (like Facebook, MySpace, Bebo, etc.) is worth ditching for something built with very little ease of use or original design, but created to help you make ludicrous amounts of money by selling out your friends.
It works like this: you get a share of money for every page view on the service (the site makes its money by selling ads). Also, the more people visit your page, the more page views you get a percentage of. Yuwie then takes it a step further with referrals, letting you get a percentage of money from the activity of any friends you've invited to the service, along with their friends, and people who their friends have invited. This goes on for 10 "levels," so you could theoretically have close to 100,000 referrals if your friends and their invitees continue to invite others who use the service beyond the one-month probation period.
Does this idea sound familiar? It's a pyramid scheme. The problem with this, economically, is that it's unsustainable. The people at the top can't possibly pay out the promised amount, and the people stuck at the bottom aren't getting the same benefits as those who have spammed referrals to their friends higher up in the chain. Speaking of spam, even if you're on there with your friends, you're bound to get an intolerable amount of spam from people you don't know as the service grows. The second most popular group on the service at the moment has been specifically designed as a place to add random groups of other folks to beef up your bonus money. Is this the kind of network you want to be a part of? At least the site isn't asking for a sign-up fee--if it did, it'd be illegal. And it ought to be.
The worst part is that Yuwie is pretty much a carbon copy of MySpace, circa two years ago, with nearly identical profile features--meaning you're not really getting anything more than you would with a mainstream social network.… Read more
Would you pay $1,185 for the LED headlamp pictured here? Would anyone?
We've seen a whole range of illuminated headgear, from baseball caps to alien-wear, but this one has it all: Not only does it have an absurd price tag, but it also has all the dork factor of a "Light Head Magnifier." OK, maybe that's going too far. We're all in favor of safety, but there's no question that this is effective date-repellant fodder.
Considering how much publicity is given to high-profile phones these days, it's surprising that more hasn't been said about Porsche's entry into the handset race. That all could change soon, however, as the phone's launch apparently isn't too far off.
Pocket-lint says the 3G mobile handset will make its U.K. debut in November, sporting a touch screen, a 3.2-megapixel camera, an MP3 player and, as we reported earlier, fingerprint-recognition security. Perhaps most impressive, Porsche's "concierge service" will handle any issues to arise with the handset.
Of course, all this comes … Read more