Friday, December 25, 2009

Adidas Turns the Sneaker Into an Augmented Reality Device |

Aumented Reality is moving much faster and more progressive than I expected. The amount of traction and ideas is truly impressive, in my opinion.

I question whether the average marketing professional is ready for this new change.

Adidas Turns the Sneaker Into an Augmented Reality Device
Can't find your Nintendo DS? Try one of the new Adidas sneakers instead. Adidas has created a virtual 3-D world that can be accessed using an upcoming line of five men's sneakers in an idea that ties into one of the technology trends of the year: augmented reality. "The foundation of augmented reality lies in adding a [...]

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- Kenyatta Lovett

NYTimes: Is Our Data Too Vulnerable in the Cloud?

I love the cloud concept, but I too question the broad-based security

What are your thoughts.

From The New York Times:

Is Our Data Too Vulnerable in the Cloud?

Not only could stored data be stolen by hackers or lost to breakdowns,
but a cloud provider might mishandle data, says an article on cloud

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Friday, December 18, 2009

Financial Times: French ruling raises resistance to Google

The book initiative is turning out to be a big fight for Google.

December 18 2009 7:21 PM GMT
French ruling raises resistance to Google
By Ben Hall in Paris and David Gelles in San Francisco
A French court strikesa blow for the rights of publishers and authors ruling that Google acted illegally in digitising French books held in US libraries without the prior consent of copyright holders

Read the full article at:

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- Kenyatta Lovett

Saturday, December 12, 2009

(BN) Google Says Its Employees Worldwide Are Testing Phone Using Android System

Google is exploiting the true benefit of computer technology; access to information. Should the R&D function within an organization be limited to the input of those within the department? What happens when technology replaces most of the economy's job functions, as well as the role of monetary value? Can all technology be considered disruptive?

Bloomberg News, sent from my iPhone.

Google Says Employees Are Testing Android Phone Internally

Dec. 12 (Bloomberg) -- Google Inc., seeking to push further into the market for mobile phones and advertising, said employees are testing a device that uses its Android operating system.

The phone is based on hardware manufactured by a partner and it will allow the company to experiment with new features, Google said today in a blog post. Employees worldwide are testing the device, the company said.

Separately, the Wall Street Journal reported that Google will sell the device next year directly to consumers.

Google, owner of the most-popular Internet search engine, is expanding its products for mobile phones as demand increases for devices that can surf the Web, take pictures and play music. Google's Android software was first offered on phones last year, and Verizon Wireless released a device called Droid in November that uses the program.

Offering its own device would put Google into direct competition with Apple Inc., maker of the iPhone, and Research In Motion Ltd.'s BlackBerry. It would also create new rivalries with manufacturers such as Motorola Inc., which already make Android devices.

Google said its employees are "dogfooding" its new device, a term that refers to companies using their own products, or "eating your own dog food."

Google and T-Mobile USA Inc. introduced the first Android phone in September 2008, a bid to lure consumers away from the iPhone and BlackBerry. The Journal, citing people familiar with the matter, said the new phone will be called Nexus One and is being made by HTC Corp.

Katie Watson, a spokeswoman for Mountain View, California- based Google, declined to comment beyond the company's blog posting.

Google fell 99 cents to $590.51 in Nasdaq Stock Market trading yesterday. The shares have almost doubled this year.

To contact the reporter on this story: Jonathan Thaw at Brian Womack at

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- Kenyatta Lovett

Saturday, December 05, 2009

(BN) Geithner Faults Wall Street Bonuses, Says All Big Banks Could Have Failed

You think?

Bloomberg News, sent from my iPhone.

Geithner Rejects Goldman Sachs Assertion It Didn't Need U.S. Help

Dec. 5 (Bloomberg) -- Treasury Secretary Timothy Geithner disputed claims by Goldman Sachs Group Inc. executives that the bank could have survived the financial crisis without government help and said it and other Wall Street firms should show some restraint in handing out bonuses this year.

"It is very important that we change the way these executives are paid, the form of compensation, this year," Geithner said in an interview yesterday for Bloomberg Television's "Political Capital with Al Hunt," which is being aired throughout the weekend. "We have to end that era of irresponsibly high bonuses."

President Barack Obama has blamed compensation tied to excessive risk-taking for fueling the deepest financial crisis since the Great Depression. The administration has named a special master to approve compensation packages at firms that have received the biggest government bailouts.

Goldman Sachs, Morgan Stanley and JPMorgan Chase & Co.'s investment bank are set to pay record combined bonuses this year, according to analysts' estimates. Goldman set a Wall Street pay record in 2007 when its compensation totaled $20.2 billion, including $68.5 million for chairman and chief executive officer Lloyd Blankfein.

Blankfein told Vanity Fair magazine in an article published online this week that he thought the company could have survived the financial turmoil on its own without government help. Goldman's president, Gary Cohn, was more definitive. "I think we would not have failed," he told the magazine. "We had cash."

Geithner, 48, took issue with that, saying that the entire financial system was at risk at the height of the crisis, including Wall Street's big institutions.

'Classic Bank Run'

"None of them would have survived" had the government stood aside and let the crisis run its course, he said. "The entire U.S. financial system and all the major firms in the country, and even small banks across the country, were at that moment at the middle of a classic run, a classic bank run."

New York-based Goldman Sachs, the fifth-largest U.S. bank by assets, accepted $10 billion from the Treasury and other forms of government support last year. It has since returned the funds with interest, as have firms including Bank of America Corp., JPMorgan Chase and Morgan Stanley.

Geithner said that most of the money the federal government injected into banks through the Troubled Asset Relief Program will likely be paid back. "We now estimate that we're probably going to have $175 billion in repayments from the banking system by the end of next year," he said.

Goldman spokesman Lucas van Praag said the firm recognized that it would have failed had the financial system broken down.

Government Action

"If the financial system collapsed, we would have collapsed too," he said. "We believe that government action averted a major systemic problem."

He added that Goldman acted on its own to raise capital amid the turmoil. "We had cash and funding that would have allowed us to survive for quite a long time," he said.

Geithner said that even institutions that have repaid the government should show restraint in paying out bonuses, arguing that Wall Street's compensation practices had encouraged excessive risk-taking.

"We want to see fundamental constraints in how senior executives are paid," the Treasury secretary said.

He said he wants compensation at financial institutions to be tied more to their long-term performance, rather than to short-term gains. Should those gains prove ephemeral, the bonuses would be clawed back, he added.

"The basic problem we face across the system is that executives were paid for taking imprudent risks," Geithner said.

The Federal Reserve has said it will review the 28 largest banks to ensure that compensation doesn't create incentives for excessively risky investments. It also offered guidelines on making pay more tied to risk management.

To contact the reporters on this story: Rich Miller in Washington Christine Harper in New York at .

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- Kenyatta Lovett

Financial Times: US jobs data offer hope for recovery

How long before job creation?

December 05 2009 12:27 AM GMT
US jobs data offer hope for recovery
By Krishna Guha in Washington and Alan Rappeport in New York
The US jobless rate fell back to 10% in November as the economy shed the fewest jobs since the recession started two years ago, offering a promising sign that the labour market is starting to mend

Read the full article at:

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- Kenyatta Lovett

Friday, December 04, 2009

Dubai, The Real News Story

According to recent reports, the Dubia debt problem is a shock to the
financial world for many reasons. You all know about the denial of
other UAE city/states to bail them out, and you've seen the 'bling-
bling' nonsense taking place in Dubai. But I never knew that the
funding was based on a scary assumption - their UAE partners would
bail them out. It appears that you can get money as long as you know
someone who has money. It doesn't have to be documented, just


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- Kenyatta Lovett