Word: blog
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...Facebook's news feed becoming so introspective? "It's going to be more about the message you want to send to others than what you're doing at that very moment," says Meredith Chin, Facebook's manager of corporate communications. Or as the company described it in a blog post: "One way to think about this is as a timeline - or a stream. As people share more ... the pace of updates accelerates." Sort of like those annoying tickers that run across the bottom of cable news channels, but all the news is about people who never get off their couches...
...example, in 2007 the political blog Talking Points Memo played an instrumental role in unveiling the Bush administration’s politically motivated firing of US attorneys...
...doesn't live up to the hype, though perhaps no House formal could. Throughout the year, Eliot takes its weekly Stein Clubs almost as seriously as its Boat Club, whose members, including Lino, flood the dining hall every morning after spring break. You might think a House blog would be a selling point, but the recently launched El-Word is heavily dominated by Ho-Co and its content can be insular. Finally, while the new Inferno is no Quincy Grille, it does make up for weak Brain Breaks. We're still waiting for a Gchat ordering...
...both said they don't have the authority to wind down global financial conglomerates like Citi. The upshot: "If you want to have no more Lehmans, then inevitably you wind up guaranteeing the banks' debts," said John Hempton, a money manager and former Australian treasury official whose Bronte Capital blog has become another crisis must-read. That is, an orderly reorganization of the financial system in which creditors make sacrifices would be great. But it's not really an option. So we keep bailing them...
...Chinese armada on Sunday. "The U.S. was collecting undersea data that is related to war-fighting and is not banned by the treaty rules covering exploitation of resources in the economic zone," writes John McCreary, a military-intelligence veteran of more than three decades, on his NightWatch blog. "The Chinese are just angry that the U.S. Navy can watch them...