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Cheaper, accessible technology is part of the reason entrepreneurship is exploding in Silicon Valleyâ and technology keeps getting cheaper. Example du jour is Atlassian, which provides Web-tools to create specialized software programs. Access to the tools starts at $10 a month for small teams, according to new terms released on Tuesday. Atlassian says 40% of Fortune 500 companies use its products.
The company is backed by Accel Partners, which last year poured $60 million into Atlassian; businesses like Zynga and NHL.com use its products to build games and mobile apps.
Atlassian is part of a group of cloud-based software companies including Box, Domo, GoodData, and Jive that are taking on established software players like Oracle. Yesterday, cloud-based human-resources software company Workday said it had raised $85 million at a $2 billion valuation from investors like T. Rowe Price and Bezos Expeditions, underscoring the growing appetite for investments in cloud-based enterprise software.
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Vic Gundotra, Googles head of social, doesnÂt care about every song his friends are listening to and every article theyÂve read.
ÂWe do not believe in over-sharing, he said at the Web 2.0 conference in San Francisco on Wednesday.
Gundotra may not have said âFacebook,â but his comments were aimed directly at the worldÂs No.1 social networking service, which recently introduced a so-called Âfrictionless sharing feature in which a user can elect to have all their online activities  such as the names of the videos theyÂre watching and the songs theyÂre listening to  automatically broadcast to their friends.
ÂCuration matters, Gundotra said. ÂThere is a reason why every thought in your head does not come out of your mouth.Â
GundotraÂs fledgling social network, Google+, has only a fraction of FacebookÂs more than 750 million users. And many observers have wondered whether the world really needs Google+, given that it doesnÂt do anything drastically different from Facebook.
With Facebook increasingly pushing the boundaries on the amount of personal information that people share online, Google may have found a soundbyte-ready raison dÂetre (that is, in addition to the strategic rationale of preventing Facebook from eating GoogleÂs lucrative online advertising business).
ÂWe want to do social in a way that is more like real life, where you actually take time to think about how you express your thoughts, your ideas, Gundotra said.
Having just announced last week that Google+ has surpassed the 40 million user mark, Gundotra, who was joined on stage by Google co-founder Sergey Brin, had little to share in terms of statistics  especially when it came to any details about how active those 40 million users actually are on Google+.
But the pair did provide a few other interesting updates on the service.
Users of Google+ will soon be able to use pseudonyms, in addition to their real names, Gundotra said.
The company is still figuring out the best way to do that  so as to prevent creating an atmosphere in which trolls and creeps post inflammatory messages under cover of anonymity  but Google will eventually support alternative forms of identity for users of the service, Gundotra said.
He also said that Âbrand pages will be available Âimminently, allowing businesses to hang a shingle on Google+ as they currently can on Facebook. And he said that Google, which derives 96 percent of its revenue from advertising, will not keep Google+ as an ad-free zone for much longer.
ÂWe have some clever ideas weÂll be announcing shortly, Gundotra said.
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By Wendell RoelfCAPE TOWN, Oct 18 (Reuters) - South Africa plans to place
limits for carbon emissions on top polluters who may face
penalties if they do not conform to the new regulations, a
climate policy paper showed on Tuesday.Africa’s biggest economy wants to cut CO2 emissions by 34
percent over the next decade but has little flexibility to make
fast changes with major employers among the top polluters and
its cash-strapped power sector almost fully reliant on coal.The government said the planned emissions cap, marking a
more assertive state approach, will provide some flexibility and
carbon offset initiatives, but transgressors could be fined.”It’s like a speeding fine — if you go over the speed
limit, you get caught, you get busted and fined,” Peter Lukey,
acting deputy director general at the Department of
Environmental Affairs told Reuters.He said the limits, to be set up within the next two years,
would focus on key sectors such as electricity, fuels, and the
mining and transport industries. Targeted companies and sectors
will need to submit plans on how they plan to tackle emissions.”The policy as it is, is do-able and viable, although a key
concern is implementation. There are no fixed targets at this
stage but the objectives are ambitious,” Johan Muller, industry
analyst at Frost and Sullivan consultancy, told Reuters.The national climate policy, approved by cabinet last week,
also aims at balancing South Africa’s climate agenda with its
ambition to reduce a chronic 25 percent unemployment rate.A mooted carbon tax plan proposed earlier this year was
already criticised for hurting South Africa’s job creation
plans, putting the government in a bind ahead of hosting a
global climate summit later this year.”Government will assess the vulnerability of the different
economic sectors to climate change and develop sector job
resilience plans,” the policy paper said.More than 1 million jobs have been shed since South Africa’s
recession in 2009.Minister for Environmental and Water Affairs, Edna Molewa
said she believed the policy, to be reviewed every five years
for additional regulatory or legislative amendments, would
strengthen South Africa’s negotiating position at the COP 17
global climate summit to be held later this year.”The policy as concluded now is really going to give quite a
whole lot of leverage… As one of the high emitters of the
world, we are taking action,” Molewa told reporters.Officials and analysts have muted expectations of the summit
to agree on game-changing results capable of producing a new
and binding pact to slash greenhouse gases.Power utility Eskom and petrochemicals group Sasol ,
which collectively pump out more than half of the country’s
annual carbon dioxide emissions of around 500 million tonnes,
are the nation’s main polluters.Finance Minister Pravin Gordhan is also expected to mention
climate change when he presents his medium-term budget on Oct.
25, with additional incentives to encourage and reward efforts
to curb emissions on the table.South Africa plans to cut emissions by 34 percent and 42
percent below its ‘business as usual’ emission growth trajectory
by 2020 and 2025 respectively.Already, the state has introduced an electricity generation
levy, a motor vehicle emissions tax and a levy on incandescent
light bulbs to prompt consumers towards a greener future.A water-scarce country, most of South Africa’s emissions
derive from energy supply, with about 85 percent of the
country’s electricity generated by coal-fired power stations.
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Readings below 50 mean more builders view market conditions as poor than favorable. The index has not been above 50 since April 2006.”This latest boost in builder confidence is a good sign that some pockets of recovery are starting to emerge across the country, as extremely favorable interest rates and prices catch consumers’ attention,” NAHB chief economist David Crowe said in a statement.Even so, builders are being squeezed by rising materials costs and low home prices due to the glut of foreclosed homes, Crowe said.A gauge of single family home sales rose to 18 from 14, which was also the highest level since May 2010. The gauge of sales expectations in the next six months climbed to 24 from 17, the highest since March.
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Following an audit at BPM earlier this year, the Bank of
Italy had criticised the excessive grip the lender’s
employee-shareholders hold on its strategy — hindering
cost-cuts and a streamlining of the bank.Last week the central bank asked BPM to completely renew
its top ranks as the Milanese bank moves to appoint new
management and supervisory boards.BPM said in a statement it had changed the bylaws that it
would put forward to shareholders on Oct 22.In the latest version, the management board — and no
longer the supervisory board — could decide on the admission
or exclusion of new shareholders.This and a number of other changes prodded by the central
bank all went in the direction of increasing the management
board’s independence and powers.An association of BPM’s employee-shareholders owns less
than 4 percent of the mid-tier lender but controls shareholder
meetings because of a one-head-one-vote rule in BPM’s bylaws.BPM’s shareholders will appoint the supervisory board which
in turn will name the management board.BPM said that, in the latest version of the bylaws, the
supervisory board could give its opinion on a matter if asked
by the management board and it would not be binding.In a further move aimed at loosening the control
employee-shareholders have over shareholder meetings, the limit
on the number of proxy votes had been raised to five from
three.This change should allow greater representation of
non-employee shareholders at the meetings and had been rejected
by BPM’s shareholders earlier this year.Shares in BPM closed up 6.4 percent on Friday, leading
gains on Italy’s blue-chip FTSE MIB stock index .FTMIB, as
speculation mounted on changes to its top management.
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Visitors can enter the soap-like bubbles and experience a sense of floating in a futuristic galaxy at Berlin’s contemporary art museum and former station, Hamburger Bahnhof.The “Cloud Cities” exhibition, which runs until January 15, aims to offer a utopian vision of architecture and to stimulate contemplation on space and the earth’s fragile ecology.Saraceno, 38, says he wants to bring people who can no longer see the stars due to light pollution to a better awareness of the way the earth is floating in a galaxy.”We are flying at the very moment, the question is: are you aware of it?” said Saraceno, who is something of a renaissance man bridging science and art in his works.”These bubbles are biospheres, like the earth which is flying around the sun at a very high speed.”The Argentine artist, who prefers to describe himself as a “citizen of planet earth,” studied architecture and art in Buenos Aires and Frankfurt, as well as completing a NASA space program in Silicon Valley.Ultimately he aims to create a flying city of his biosphere-bubbles, which he says would lift skywards as the sun heated up the interior and the air pressure changed within. He uses plants with no roots, as earth would weigh the bubbles down.”You feel like you are in another realm, like an astronaut,” said nine-year old museum visitor Jan Benno, excitedly bouncing around in one of the bubbles suspended above the ground. “Or like a fly caught in a spider’s web.”Saraceno has exhibited works worldwide including at the 2009 Venice Biennale but this is the first exhibition to show 20 of his bubbles in one go.INTERACTIVE SPIDER’S WEBSaraceno, who is wary of explaining his work too directly, wants museum-goers’ physical interaction with the artworks to stimulate their own imagination and thought processes.Twenty plastic bubbles of varying sizes, some covered with plants, are strung from a wire spider web sprawling within the massive Hamburger Bahnhof, which served as the terminus for trains from Hamburg in the 19th century.Saraceno has long been fascinated by the strength and flexibility of spider webs, creating giant webs for his Biennale show “Galaxies Forming along Filaments, like Droplets along the Strands of a Spider’s Web.”“Scientists and journalists try to explain the geometry of the universe as a three-dimensional spider web,” said Saraceno, who, with arachnologists, scanned Black Widow webs into a computer in order to conceive how to construct one himself.Steep, rickety ladders lead up to the two largest bubbles, with diameters of 7 and 12 meters. Inside, the exhibition appears from another, muted, perspective. It feels like a bouncy castle and when you move, the web of wires stretches.Saraceno says he wants to reflect on social and environmental interconnectedness: “By moving one, the whole system reverberates through space conveying a sense of responsibility.”He added: “By building a flying city, we may learn how to live better and more sustainably on a flying earth.”Visitors must carefully close flaps behind them on entering the bubbles to sustain an adequate level of air pressure. If one bubble deflates, it impacts the whole constellation. The plants, inside or covering the bubbles, are carefully kept humid.”It is a very delicate equilibrium when you are trying to build up an ecosystem,” he said. “You have to have the right temperature, the right amount of air.”FLOATING MUSEUM?Saraceno says he was exciting about using the space of the former station, built in neoclassical style in the mid 19th century. The station was turned into a traffic museum in the early 20th century, and finally into an art museum in 1996.”It’s like nothing I’ve ever seen before,” said 80-year old museum-goer Lorna Mattison, from Britain, gazing up at the bubbles. “And very Berlin: enterprising and forward-looking.”Saraceno, who caused some consternation among his architect colleagues when he said he wanted to create a floating city, says he is now working with engineers on a floating museum.While he likes Berlin, he also misses the sun of his native Argentina, and a floating museum would enable him to get above the city’s grey cloud-cover.”People talk about traveling exhibitions, but what if the museum itself was traveling?” asked Saraceno. “At the moment, it is just in my mind, but hopefully it will catalyze someday!”
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Borrower European Investment Bank (EIB)Issue Amount 1.0 billion Norwegian crownMaturity Date October 31, 2018Coupon 3.75 pctIssue price 101.032Payment Date October 31, 2011Lead Manager(s) Danske Bank & HSBCRatings Aaa (Moody’s), AAA (S&P),AAA (Fitch)Listing LuxFull fees 1.875 pct (1.575 pct Selling, 0.30 pct M&U)Denoms (K) 10Governing Law EnglishNotes Launched under issuer’s EMTN programmeSecurity details and RIC, when available, will beonCustomers can right-click on the code forperformance analysis of this new issueFor ratings information, double click onFor all bonds data, double click onFor Top international bonds newsFor news about this issuer, double click on the issuer RIC,where assigned, and hit the newskey (F9 on Reuters terminals)Data supplied by International Insider.
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European shares were flat after recent gains and following
data showing China’s trade surplus narrowed for a second
straight month in September, with both imports and exports lower
than expected.It reflected global economic weakness, which along with the
euro zone debt crisis has kept investors avoiding aggressive
risk taking over the past months.In Europe, however, there appeared some traction to the idea
that policymakers were working on a cogent plan to solve the
debt crisis, or at least reduce its threat.Jose Manuel Barroso, president of the European Commission,
outlined a broad plan on Wednesday to tackle the euro zone’s
two-year debt crisis, fuelling optimism.”Maybe the political decisions are finally coming through,”
said Justin Urquhart Stewart, director at Seven Investment
Management.This was to be tested later in the day by a sale of up to
6.5 billion euros in Italian bonds across four separate
maturities. Italy is one of the euro zone countries most under
stress in the crisis and is seen as too big for the rest of the
bloc to bail out.Of particular interest was the fate of a reopening of 2025
bonds, marking the first sale since mid-July of bonds that fall
outside the current scope of the European Central Bank’s
bond-buying programmes.Yields on Italian 10 year bonds were up ahead
of the sales, trading around 5.78 percent.STOCKS MIXEDOn stock markets, the FTSEurofirst 300 recovered
early losses to sit flat to slightly lower still heading for its
third straight week of gains, something it has not achieved
since March/April.World stocks as measured by MSCI were up a
quarter of a percent.Earlier, Japan’s Nikkei rose nearly 1 percent,
catching up with U.S. and European gains from Wednesday.The euro hovered near a one-month high holding gains made
the previous day as traders continued to cover short positions
in the single currency, which may eke more gains in the
near-term even if a sustained rally seems unlikely.Analysts said the euro may have a little more room to rise
as investors clear out bets to sell the currency, which have
piled up in past weeks.But they added that few in the market were keen to take on
fresh “long” positions betting on further gains by the single
currency unless euro zone authorities unveil a comprehensive
strategy to fight the region’s debt crisis at a summit on Oct.
23.
33 notes
* Analysts may have been looking for moreSAN FRANCISCO, Oct 12 (Reuters) - Facebook executive and
eBay Inc board member Katie Mitic unveiled a
partnership between the two companies designed to create a new
crop of e-commerce applications with social networking
features.Mitic said on Wednesday that Facebook’s so-called Open
Graph — the map of connections that Facebook users create with
friends and online content — will be integrated “seamlessly”
into applications developed with certain eBay services and
technologies.EBay is trying to encourage outside developers to create
applications for its e-commerce platforms and is making a
particularly strong push in mobile commerce.The company launched X.commerce, its new division aimed at
software developers, at a conference in San Francisco on
Wednesday.Weaving Facebook features into e-commerce products has the
potential to make online shopping a more personalized
experience, by displaying people’s thoughts about products on
the virtual store shelves.Speaking at the conference, Mitic said Facebook’s Open
Graph would be integrated into applications developed with eBay
services such as Magento, a service for building online
storefronts, and GSI, which handles order fulfillment.Some analysts and e-commerce experts had expected a deeper
partnership, possibly focusing on PayPal, eBay’s electronic
payment system.Mitic’s announcement was met with little applause from the
3,000 strong crowd in the conference hall.”This is a positive step for merchants and developers, but
the Street was likely looking for a higher-profile partnership
with Facebook across eBay and PayPal,” Doug Anmuth, an analyst
at J.P. Morgan, wrote in a note to investors. “That could still
happen down the line, but we do not expect it in the near
term.”Shares of eBay slipped 0.2 percent to $32.75 on Wednesday,
while the Nasdaq Composite index climbed 0.84 percent.EBay and Facebook have an existing partnership the allows
the purchase of Facebook self-serve ads and Facebook Credits
using PayPal, eBay’s electronic payments system.At the end of September, Mitic, head of Platform and Mobile
Marketing at Facebook, joined eBay’s board of directors,
sparking speculation that the two companies were working on new
partnerships.
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* Analysts may have been looking for moreSAN FRANCISCO, Oct 12 (Reuters) - Facebook executive and
eBay Inc board member Katie Mitic unveiled a
partnership between the two companies designed to create a new
crop of e-commerce applications with social networking
features.Mitic said on Wednesday that Facebook’s so-called Open
Graph — the map of connections that Facebook users create with
friends and online content — will be integrated “seamlessly”
into applications developed with certain eBay services and
technologies.EBay is trying to encourage outside developers to create
applications for its e-commerce platforms and is making a
particularly strong push in mobile commerce.The company launched X.commerce, its new division aimed at
software developers, at a conference in San Francisco on
Wednesday.Weaving Facebook features into e-commerce products has the
potential to make online shopping a more personalized
experience, by displaying people’s thoughts about products on
the virtual store shelves.Speaking at the conference, Mitic said Facebook’s Open
Graph would be integrated into applications developed with eBay
services such as Magento, a service for building online
storefronts, and GSI, which handles order fulfillment.Some analysts and e-commerce experts had expected a deeper
partnership, possibly focusing on PayPal, eBay’s electronic
payment system.Mitic’s announcement was met with little applause from the
3,000 strong crowd in the conference hall.”This is a positive step for merchants and developers, but
the Street was likely looking for a higher-profile partnership
with Facebook across eBay and PayPal,” Doug Anmuth, an analyst
at J.P. Morgan, wrote in a note to investors. “That could still
happen down the line, but we do not expect it in the near
term.”Shares of eBay slipped 0.2 percent to $32.75 on Wednesday,
while the Nasdaq Composite index climbed 0.84 percent.EBay and Facebook have an existing partnership the allows
the purchase of Facebook self-serve ads and Facebook Credits
using PayPal, eBay’s electronic payments system.At the end of September, Mitic, head of Platform and Mobile
Marketing at Facebook, joined eBay’s board of directors,
sparking speculation that the two companies were working on new
partnerships.
25 notes
