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POPSSocial networking gone wild? Is their irrational exuberance in the social networking world these days? A billion dollar price tag for the less technologically savvy site Linked In could hint at such a bubble. Yes it generates revenues already unlike many companies during the dot come heyday. On the flipside, times are ripe for innovative social networking sites built by entrepreneurs, as long as you can attract a following - which is getting harder and harder in the crowded social networking world.
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POPSSecurity Concerns Block China’s 3Com Deal The withdrawal of the bid by Dubai Ports World occurred not because the foreign investment committee rejected it but because of a torrent of criticism from Capitol Hill, around the same time that similar criticism of a deal by the Chinese state energy company to buy Unocal also led China to withdraw. Meanwhile, the problems of the 3Com deal are sure to aggravate tensions with China. This month, federal officials charged a Defense Department official with passing classified documents to China. In a separate case, the Justice Department arrested a former Boeing engineer in California on charges of economic espionage for the Chinese. The Treasury Department adamantly opposes extending the curbs on foreign investments into areas that affect economic security as opposed to national security, though it says it will monitor growing foreign investments in whole sectors of the economy, even in the financial sector.
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POPSChinese Hackers Kill 3Com Buyout China's government should take notice: Concerns over China's cyberspying are starting to stifle more than US-China relations--they're also hampering China's beloved economic development.
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POPS Battle For The Super-Tuesday States I’m sure someone out there will say that Mitt Romney led Bain for profit, not patriotism. But I don’t see why the two have to be mutually exclusive. Neither did Ronald Reagan, for that matter. Republican presidential candidate Mitt Romney plans to run a “significant” level of television ads in California and other states that vote Tuesday in essentially a national primary, aides said Thursday, signaling a willingness to aggressively try to derail Republican front-runner John McCain. h/t john dickerson slate.com h/t bryan hotair.com
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POPSMoney Interests Buying 2008 Elections Note Romney and McCain won the Michigan primary. Ironically, the same Money Interests financing elections of "establishment" candidates are the same banks and investment firms now in trouble financially.
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POPSPublic Radio Host Says 'You talkin' to me?" In the new vigilante, post 9-11 atmosphere of fear themed movie The Brave One, Jodie Foster plays a public radio host who kicks ass and comes up against consequences. It makes me think you don't want to cross Michele Norris!
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POPSWarner Music Reportedly Mulls Going Private Warner Music's shares shot up 21% Wednesday on this report in the New York Post, just a day after sinking to an all-time low amid disappointment over the company's fiscal third quarter financial performance. Given all that Warner has on its plate at the moment, you wonder whether it would still be in a position to consider a possible purchase of EMI's recorded music business once Terra Firma completes its acquisition of EMI Group. Terra Firma's interest in EMI was surely rooted in the company's lucrative music-publishing catalog, not its declining recorded music business. Warner had been the likeliest buyer for the latter. But now? - Louis Hau
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POPS100-Year Old Photos Shorpy is a photo blog about what life a hundred years ago was like: How people looked and what they did for a living, back when not having a job usually meant not eating. More photos at the site.
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