Word: foundering
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...David Evans, managing director at consulting firm LECG, founder of Market Platform Dynamics and editor of FinReg21.com, says there's no doubt the SEC was asleep at the wheel during the Madoff crisis. However, he believes it's next to impossible to sue a government entity and thinks it would be better if Congress stepped up to help out the victims similar to the way it assisted the automakers and others. He suggests financial assistance be limited to victims that are either nonprofit organizations or have income under a certain threshold...
...Murphy, founder and CEO of IZEA, says more than 7,000 Twitter users have signed up for Sponsored Tweets in its first month. Murphy says about 500 advertisers, mostly small- to medium-size businesses, plus a handful of Fortune 500 companies, are using the platform. Marketers have access to the entire database of tweeters and can select whom they want to pay and how much they're willing to dish out. Compensation is based on a user's expertise or passion, how many followers that person has and other metrics, like how often the tweeter's followers click to links...
Tickets for one day of last year's Virgin Mobile Festival ran upwards of $100. This year, all 30,000 tickets were free. Call it a recession bonus from British billionaire and Virgin founder Richard Branson. The festival, held Aug. 30 at the Merriweather Post Pavilion outside of Baltimore, featured Blink-182, Weezer and Franz Ferdinand as headliners. Branson himself was on hand and talked to TIME about the project, the recession and Virgin's next improbable plan. (See TIME's 10 Questions video with Richard Branson...
...whom voted for President Barack H. Obama—most lean left. Diverse backgrounds do not necessarily mean diverse perspectives. Unfortunately, the readings the FDO has assigned—specifically those by Beverly Tatum, president of Spelman College, Frank Wu, a professor at Howard University, and Felice Yeskel, co-founder of Class Action—reinforce this misconception. The authors offer different experiences but identical conclusions: Groups define individuals...
...Ichiro Ozawa, co-founder of the party, expressed a quiet confidence...