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...Twitter purchased last year. (Full disclosure: I am an adviser to one of the minority investors in Summize.) Thanks to these innovations, following a live feed of tweets about an event - political debates or Lost episodes - has become a central part of the Twitter experience. But just 12 months ago, that mode of interaction would have been technically impossible using Twitter. It's like inventing a toaster oven and then looking around a year later and seeing that your customers have of their own accord figured out a way to turn it into a microwave. (See the 50 best inventions...

Author: /time Magazine | Title: How Twitter Will Change the Way We Live | 6/5/2009 | See Source »

...more efficient supplier of the super-fresh Web than Google. If you're looking for interesting articles or sites devoted to Kobe Bryant, you search Google. If you're looking for interesting comments from your extended social network about the three-pointer Kobe just made 30 seconds ago, you go to Twitter...

Author: /time Magazine | Title: How Twitter Will Change the Way We Live | 6/5/2009 | See Source »

...Commerce Department's Bureau of Economic Analysis show that in April overall consumer spending was down 0.1% from the month before. People are now saving 5.7% of their disposable income, the most since 1995 and a cosmic increase from the zero-savings days of just a few years ago...

Author: /time Magazine | Title: A Surprising Look at Who Spends and Who Saves | 6/5/2009 | See Source »

...index registered its 23rd straight daily gain on Wednesday, closing at 4,291, its highest mark since September and the longest streak of gains since July 2006. Daily rates for the largest Capesize ships, which typically carry iron ore, rose 6.8% on Wednesday to $93,197. Just five months ago, daily ship-rental rates were hovering just above $2,000, about the price of a great seat on opening day at the new Yankee Stadium...

Author: /time Magazine | Title: The Least Known Key Economic Indicator | 6/5/2009 | See Source »

...parents, was among a contingent of young women invited for a New Year's Eve party at the Sardinia villa. Last week, news arrived of a series of potentially compromising long-range photos of the inside of the villa taken by veteran photographer Antonello Zappadu, who two years ago photographed the Prime Minister surrounded by young women at Berlusconi's Sardinia estate, known as Villa Certosa...

Author: /time Magazine | Title: Photos of Nude Partygoers Add to Berlusconi's Woes | 6/5/2009 | See Source »

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