Posts Tagged ‘today’


Thank  heavens MF GLOBAL is  considered too little to fail with a “little” $50 Billion loss  portfolio- so we as taxpayers dodged another bullet …

MF Global today filed for bankruptcy protection, after a weekend dash to sell the company ended short of the finish line.

Here are the people or groups that stand to lose big from MF Global’s bankruptcy:

However, Corzine ended up with more than a $3.1 MILLION salary for failing;

HOW DO THESE WALL STREET INSIDER GUYS DO THAT ? Every company I have worked for fores you if you do not make your goals..

Shareholders: Typically when a company goes through bankruptcy protection, its common shares end up worthless. These are the largest holders of MF Global common stock, according to MF Global’s documents filed with a bankruptcy court:

1) Fidelity’s Pyramis Global Advisors, 13.9 million shares or 8.44% of common stock

2) Guardian Life Insurance Co. of America, 12.9 million common shares, or 7.8%. (A spokeswoman said Monday that Guardian’s RS Investment Management has sold its stake in MF Global.)

3) Fine Capital Partners, 21.5 million shares, 7.37% *(This appears to be a typo in MF Global’s filing. In a recent SEC filing, Fine Capital reporting owning 12.16 million shares, for a 7.4% stake in MF Global.)

4) Cadian Capital Management, 10.2 million shares, 6.17%

5) TIAA-CREF, 9.5 million shares, 5.77%- THE TEACHERS/ EDUCATORS PENSION FUND – OMG the poor teachers

fund always finds a way to pick a bad investment.

John Corzine swept in last year to lead MF Global, and he had ambitions to remake the company in the image of his former company, Goldman Sachs.

Over the summer, bond investors apparently thought highly enough of Corzine that theydemanded a richer payout from MF Global if Corzine left the firm for a high-ranking government job. Today, such a “key man” clause seems like an antique.

Howeve, Corzine  is still richer that Croesus; Corzine  will just not mak AS MUCH after the MF Global bankruptcy filing. Corzine’s compensation last year was $14.2 million, including stock options MF Global valued at $11.1 million. Those options pay off at a share price of $9.25, which means they are very likely to be worthless now.

My math says he made $ 3.1 MILLION -last year –  I could handle that.

Not many of us made $3.1 MILLION last year.

OCCUPY WALLSTREET – how many famlies could eat on the $3.1 Million Corzine made?






I am nervous today, Fellow newbies-

Appsnewbie is – as of today- the  POSSIBLY proud owner of

A brand new  laptop computer. My new acquisition  is a Gateway Notebook : Model NV77HO5u

With a 17″ backlit screen – 6 GB of RAM, a 640 Hard Drive and RED -CUTE as a BUTTON. and ON SALE - I said “She IS MINE.

I was IN LOVE and off I went. Thank you Office Depot.

  BUT -OMG – when I got back home I started reading the online  reviews of Gateway  products; any Gateways were rated so badly. Terrible enigeering and performance stories.

Unreliable – crashing- freezing…UGH.

GHASTLYreviews. ..I could have gotten  an HP same 17” screen- same 640 hard drive for the same price: but with only 4GB of memory. 

I told the  salesman at the time, that I was leery of Gateway, as I knew  they had stability problems. He said that Gateway had remedied that and I would love the 6GB Ram and it was a really fast machine.

OK- My Gateway  is still in the box and I have a call in for a computer engineer – yes an actual PHD rocket scientist for Bell Labs to get hardware opinion .Before I unwrap my apple cheeked treaasure. 


That is the question.

Stay tuned.





Blekko, the new search engine that is working to eliminate spam from search results, today released a major update that for the first time utilizes millions of social cues and human edits to put the best content at the top of search results.

On the new blekko, search results pages will boost sites that blekko users have hand-picked

(  APPSNEWBIE says ..this is HUGE…)

to be included in one or more slashtags.


Blekko highlights these efforts by listing the certified slashtags at the top of the search results and also, for each boosted site, next to its URL. For the first time, search results will display each site’s logo so that users can quickly choose results from trusted brands that offer the best content.

“Millions of users and hundreds of millions of searches have given us insight into what is truly great quality content on the Web and what is poor quality spam,” said Rich Skrenta, CEO of blekko. “This new version of blekko bakes in that intelligence in every search so the spam gets weeded out and the best content comes to the top in every search.”

At its launch, blekko introduced its slashtag concept

Read more:

Google Maps Navigation Now Routes You Around Traffic

Google announced that Google Maps Navigation (Beta) will now automatically route you around traffic.

With more than 35 million miles driven by Navigation users every day, this should add up to quite a bit of time saved!

Navigation now uses real-time traffic conditions to automatically route you around traffic.

With Google Maps Navigation, you don’t have to do anything to be routed around traffic.

Start  Navigation like you normally would, either from the Navigation app, or from within Google Maps.

 Before today, Navigation would choose whichever route was fastest, without taking current traffic conditions into account.

It would also generate additional alternate directions, such as the shortest route or one that uses highways instead of side roads.

Starting today, the Google Now routing algorithms will also apply be able to  select the fastest route from those alternates. That means that Navigation will automatically guide you along the best route given the current traffic conditions.

Not only can you save time and fuel, you’re making traffic better for everyone else by avoiding traffic jams.

 You can begin routing around traffic with Google Maps Navigation for Android in North America and Europe where both Navigation and real-time traffic data are available.

Go ye and Navigate Now

Google’s Android Web Store: HOW to USE

This is SO exciting.But need more explanation about  the “currency options”.


 Google has unveiled the Android Market Web Store, a Web-based version of the Android app store.

Google also announced in-app purchasing for Android apps, and new currency options for developers.

“The Android Market Web Store is basically the new way that users can get apps on their devices,” said Chris Yerga, Android engineering director for cloud services at Google.

Until today, users could only access Android Market apps via the app store client on their phone. Now, users can go to and peruse all the available apps. It is live now. WOW
The Android Web Store includes a carousel with promotional banners for apps, as well as familiar categories like features, top paid, and top free, Yerga said.
To purchase, click the buy option and a pop-up window will appear, asking you which device on which you want to install the app. Select payment option and the Web Store will send the app directly to your mobile device.

More”No wires, no synching with computers, none of that sort of nonsense,” Yerga said. “Everything just works seamlessly syncing between the two.”

There is also a Twitter sharing feature to tweet about certain apps.GO TWITTER

The links will open in the Web Store on the Internet and in the Android Market on mobile devices.

Google also announced support for in-app purchases. “Developers who integrate with our in-app purchasing SDK can sell a variety of virtual goods within their apps,” Yerga said.

Yerga also announced buyer currency support, which will allow developers to specifically choose a price in different currencies. It will roll out slowly; it is available today for an initial set of U.S. currencies. In the coming months, Google will add new currencies and new seller support.

Some app developers were on hand including Disney, which said it will release Android versions of Radio Disney, Jelly Car, and Tap Tap Revenge. Radio Disney is coming in the next few weeks, with the other two apps appearing in the spring.

CNN executives also unveiled a CNN app specifically built for Android Honeycomb. That includes an option to submit iReports from average viewers directly from the app. It will be available for free on the Motorola Xoom in the near future and other Android tablets as they are released, CNN said.

Google has revamped how users navigate on Android, with a new button dedicated solely to multi-tasking. There is a notification and systems status area on the bottom right, but the rest of the screen is dedicated entirely to apps, he said. The home screen is not just a “warehouse of apps; it’s an app development platform in itself,” he said. Widgets can be stacked for easy scrolling through things like baseball stats or YouTube videos.

“What really matters is, despite the clever computer science we have to enable the smooth experience, it’s just about quick and easy access to important information,” Barra said.

Barra showed off Honeycomb’s IM options, video chat functionality, and notifications, which he said were designed to be “completely non-intrusive.”

Barra also said Google has “spent a significant amount of effort to make sure existing Android apps run really well on tablets.” He pulled up Fruit Ninja on a Honeycomb tablet, a game he said was built before Honeycomb even existed. “It works amazingly well,” Barra said.

To enable developers to build apps for phones and tablets, Google has added something called “application fragment.” Barra opened Gmail to demonstrate with a left folder view and inbox on the right. The left-most pane slid out to reveal another pane. These panes are “application fragments,” and can be used to encapsulate specific functionality between the phone and tablet version of the app, Barra said.

Honeycomb also includes a dragging manager that lets users drag messages into specific folders. He promised a “lot more” where that’s concerned.

Barra also talked up performance. ”

All the 2D drawing developers have been doing with the existing framework can now be hardware accelerated, and developers can do that by adding one line of code,” he said.

Google “also added a new animation framework to Honeycomb to enable transitions and overall polish.” He pointed to Renderscript, a new 3D graphics engine first unveiled last month that allows for rich 3D scenes.

Facebook confirms plans to make Credits the mandatory “universal currency”.


Facebook is announcing the next phase in the rollout of its virtual currency, Facebook Credits, which is leaving beta testing today.

That means all Facebook game developers will be able to use Credits as their payment system for virtual goods- as in my VIRTUAL BENTLEY ?  Crumbs.Iwonder what a Bentley costs in Second Life- or how many miles per gallon? LOL..

 Facebook is requiring them to make the switch by July 1.

Facebook Credits are a system of points, managed by the social network, that can be purchased used somehow.  Hey-is this like my Starbucks gift card?

 Facebook is announcing the next phase in the rollout of its virtual currency, Facebook Credits, which is leaving beta testing today. That means all Facebook game developers will be able to use Credits as their payment system for virtual goods — in fact, Facebook is requiring them to make the switch by July 1.

Facebook Credits are a system of points, managed by the social network, that can be purchased or awarded in exchange for marketing offers, then traded in within games for virtual add-ons that enhance gameplay.

 It’s a surprisingly large business already: In 2010, the market for such purchases reached an estimated $835 million.

During the beta period, 150 developers starting using Credits in 350 applications, representing more than 70 percent of all the virtual goods transactions in Facebook, according to Credits product manager Deb Liu. She emphasized that while the big deals attracted the most attention, Facebook made sure to include large and small developers in the beta.

Liu told me the move should improve user experience by turning Credits into Facebook’s “universal currency,” one that can be used in any game.

Facebook will be pushing for even deeper integration of Credits. Right now, Liu said games can use Credits in two ways — as a way to purchase the in-game currency, or as the in-game currency itself. In Zynga’s popular game CityVille, for example, you can use Credits to buy City Cash, and then use City Cash to buy virtual goods. Facebook, however, wants developers to get rid of those other currencies, so that users can buy goods directly with Credits. Facebook will be offering incentives like prominent placement on the site’s games dashboard to developers who make the switch.

Facebook may have a financial reason to make these changes, since it takes a 30 percent cut of all Credits purchases. In the past, the company’s executives have said that they don’t expect the program to be a big moneymaker initially, and that any profits would be reinvested in the Credits product. When I asked about that today, Liu said Credits revenue will “enable us to invest more into the platform.”

Update: I spoke with Atul Bagga, an analyst who focuses on digital media and online gaming for ThinkEquity, about the news. Bagga emphasized that the decision definitely isn’t a surprise, since it’s been pretty clear that Facebook was moving in this direction.

He characterized the switch as very significant and “over the long-term, definitely positive,” because it will help overcome any hesitation that users might have about spending real money on virtual currency. Now they’ll know that if they buy Credits for one game they can use those Credits elsewhere. However, there could be some short-term pain as developers try to make the transition, he said.

As for how significant this is for Facebook’s revenue, Bagga speculated that it could be “a very nice layer of revenue opportunity” for the company. But ultimately,

Facebook is more interested in becoming a platform that makes its money from advertising.“They see Google as the competition,” he said.


LinkedIn wants your business cards, acquires CardMunchJanuary 26, 2011 |
Thank you Anthony Ha-
A REALLY geat article
Add a CommentCardMunch, a startup that makes it easy to automatically transcribe business cards, just announced that it has been acquired by professional networking site LinkedIn.

Cofounder and chief executive Bowei Gai demonstrated the iPhone app for me around the time that it launched in August. It was an impressive demo: We lined up a stack of cards on the table, scanned each of them for just a few seconds, then started to receive the transcribed data (with only minor errors) within a minute or so.

Here’s how CardMunch describes the deal.:

Our long-term vision for CardMunch has been to help manage business contacts and help you to leverage your contacts and connections for doing business. With that in mind, we are thrilled to announce today that CardMunch is now a part of LinkedIn! LinkedIn is the world’s largest professional network and as such, provides the perfect platform for us to execute the CardMunch vision.

So what does LinkedIn plan to do with CardMunch? Well, it doesn’t seem to see the app as an immediate moneymaker. CardMunch previously charged users for the transcriptions, but starting today, the app will be free. (The company says users who still have unused credits will receive more information soon.)

The obvious use is to bring more of this business card data into LinkedIn itself. Certainly, this could help LinkedIn turn into the “professional dashboard” that CEO Jeff Weiner has suggested, not just a site you visit when you’re looking for a job.

There aren’t any details yet about how CardMunch might be integrated into LinkedIn. For now, CardMunch notes says the app’s data is covered under the LinkedIn privacy policy and terms of service, and it says that at some point in the future CardMunch “may require users to use their LinkedIn accounts to access CardMunch”.

CardMunch was backed by K9 Ventures.

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