Scott Goodson: Why the economy failed

Scott Goodson is the founder of StrawberryFrog, an independent advertising agency with offices in New York, and Sao Paolo Brazil. It was launched in 1999 and named after the Strawberry Poison-dart Frog.
In his blog he wrote about a interesting article The Economist about the cause of the economic collapse

Three More Banks Go Under

from Marketwatch.com
Utah’s MagnetBank closed without an acquirer
FDIC shuts down three banks in one day amid ongoing credit crisis
By John Letzing, MarketWatch
Last update: 6:42 p.m. EST Jan. 30, 2009
SAN FRANCISCO (MarketWatch) — Federal regulators closed three banks in a single day Friday, as the ongoing credit crisis showed no signs of abating.
Utah’s MagnetBank became the fourth [...]

Our Newest Sponsor: Administaff

We are pleased to announce that Administaff has joined NY:MIEG/SobelMedia as our newest corporate sponsor.
For those of you unfamiliar, Administaff is the nation’s leading professional employer organization (PEO), serving as a full-service human resources department that provides small and medium-sized businesses with administrative relief, big-company benefits, reduced liabilities and a systematic way to improve [...]

NY:MIEG Event Addresses Causes of Current Economy

Thanks to everyone who came out to our breakfast this morning at Samsung. Thanks to the folks at NYConvergence and Dorian Benkoil of TeemingMedia in his MediaFlect Blog for the great writeups.
At this morning’s NY:MIEG breakfast: “The Economic Downturn and its Impact on the Media & Entertainment Sector,” venture capitalist David Rose explained that his [...]

AOL TO CUT 700 JOBS

from AdWeek.com
NEW YORK Time Warner’s AOL unit is laying off 700 staffers, or about 10 percent of its workforce, as the Internet division narrows its focus on three core areas and tries to weather the recession, which has also hit online advertising.
In addition, AOL is forgoing merit pay increases this year, curbing discretionary spending and [...]

B2BVid: Video Social Network Strictly for Business

I want to send a special shout-out to Marvin Bzura, a “digital entrepreneur” who runs a unique company called “B2BVid” and was kind enough to tape and stream the LIEG event last week.
For your information, www.B2BVid.com is the first online video social network that’s strictly for business. We will shoot & produce your video for [...]

Americans’ trust in corporations plummets

Earlier today I came across an intresting article from of all places The South Florida Business Journal regarding an interesting study from the Edelman Trust Barometer commissioned by Edelman Worldwide.
One of Barack Obama’s campaign messages was the need to restore trust, and, if a new survey is any indication, he’s got his work cut out [...]

NBC uses startup’s tech to expand Web localization

Interesting article from Forbes.com (via AP)
Web sites for NBC-owned television stations are tapping technology from an Internet startup to let visitors hone in on their particular neighborhoods.

The Obameter

As I mentioned a few weeks ago I recently became a fan of Leo Laporte and his TWIT world. TWiT.tv, hosts thirteen podcasts covering various topics including the internet, computer security, Microsoft, Apple, food and current technology news.
In addition to the flaghip show, “This Week In Tech” I am a big fan of “TWIT Live” [...]

Rupert Murdoch: No Hiding From Credit Woes

From Bloomberg News
By Christine Harper and Kristen Schweizer
Jan. 28 (Bloomberg) — News Corp. Chairman Rupert Murdoch said there’s no hiding from the worsening global economic crisis, and stressed the need for quick and “drastic action” to turn the tide.
People worldwide are “depressed and traumatized” to see their life savings, including homes and pension funds, disappearing, [...]

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