I’ve always wondered why it was ok for a person to make a “bet” in the form of a put or a call in financial markets, but not ok for someone to bet on a similar event from a private service. Freaknomics blogged about this same issue the other day.
It will be interesting to see if there is any backlash against financial “gambling” if the economy continues to struggle.
Shana Madoff, the niece of Bernie Madoff, the now infamous hedge fund fraudster, has deleted her Facebook profile to try to get out of the public eye. Will this be a trend that others continue when they run afoul of the law, or is this a special case?
Imagine the political fallout of the discovery of Obama or McCain photos of the caliber of the average college student. These pictures will be commonplace in the future for any person coming of age now.
It’s going to be interesting to see whether politicians and others of high status of the social networking generation are going to be punished for photos of them engaging in behavior that would be frowned upon by today’s politicians. Will people in their 20s now be more forgiving of drunken pictures or off color halloween costumes than would people in their 50s?
We will find out.
An Egyptian student studying Engineering at the University of South Florida was sentenced today for a video he put on YouTube. It showed how to make a bomb detonator from a remote control car that he bought at WalMart. He narrated the how-to video in Arabic and called the US a “vile nation.” It had been viewed “hundreds” of times.
This case shows that YouTube and other innovations like Twitter
and other web 2.0 applications are susceptible to use by people who do not have the best intentions. Just in the last week, I’ve seen articles about many popular sites and their ability to be used by terrorists.
From Computer World, an article
about Google’s refusal to take down, at Sen. Joe Lieberman’s request, videos of American soldiers being attacked by terrorists.
All of these stories show the challenge of the Internet and web 2.0. They allow the good, along with the bad, to communicate faster and share more information with a wider audience. It is a challenge that we will continue to face as technology continues to evolve.
TED, or Technology, Entertainment and Design, is a group started in 1984 to bring together the smartest and most interesting people from the year to talk about what they’ve been doing in an 18 minute speech. In 2003, TED put all of the talks online, free for anyone to watch.
It’s one of my favorite sites and I try to watch a few per week. Here are my top 5: