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Category Archives: News

IN YOUR ARMS (TONIGHT) – AVAILABLE ON ITUNES!

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IN YOUR ARMS

say
what you mean
I will
understand
you

break
what you want
I will
break it with
you

just throw
it away
throw
it away
throw it
away
away

say
what you want
life will
give it
to you

say
that you want
and I will
kiss you
kiss you

take in
your arms
take in
your arms
take
in your arms
your arms

tonight

in your arms
in your arms
in your arms
in your arms

Uncannily good prediction from The Onion archives, dated January, 2001.

It’s quite natural for a guy nicknamed raindropper to create a book covering all aspects of water, don’t you think?

So, point your browser to The Book of W and start exploring. There will chapters and postings about science, business, arts, cultures and religions – all of course water-related.

The Book of W

It looks like a mish-mash of blog postings and book chapters. But there’s a simple, common theme underlining all of those – and it’s clear as water. 😉

The pyramid scheme named Wincapita made a few happy people and thousands of angry ones. According to some news, the happy ones are in Thailand. Angry ones are reporting to the Finnish National Bureau of Investigation, or silently cursing their losses. 

Here’s a good wrap-up of the issue. The scheme started in 2005 with the prop of Forex trading; the high interests for investments (400%) would come from currency exchanges. The Wincapita website went offline in March, company vanished and damage assessment began. Details are scarce as usually, but in essence top 50 or so got huge gains, 10000 or so lost packs of money. Estimated 50 million euros were invested to the company.

Interestingly, the brochure of Wincapita clearly stated that “Invest only the amount of money you are capable of losing.”

Internet has made the spreading of Nigerian letters and building of Ponzi companies easy. Nowadays, one can easily hire a person who under different fake names hoax the Ponzi company in newsgroups and message boards etc.

Why do people fall in to these traps, time and again? I’d see that at least some of the persons who give their money to these kinds of games know the odds, know the risks, and have a thought: what if I’m one of the inner circle winners, let’s try this, I might make a huge profit! 

As the pyramid scheme mechanism works, latecomers’ money goes to the top members’ – early adopters’ – pockets. Could the same happen in stock markets – in real estate business? Is the role of a latecomer always to make a loss?

[Update 12.12.2008] Yes, it can happen on stock markets also. WSJ article: Top Broker Accused of $50 Billion Fraud – His Investment-Advisory Business for the Wealthy Was ‘Giant Ponzi Scheme’

Just came back from watching “I Am Legend” movie with my wife. If you liked Spielberg’s “War of The Worlds”, you’ll probably like this movie also. They both decipit a ruthless, dismal and dark world with people turned to violent animals.

Will Smith does a marvellous job in portraying a man in the brink of insanity.

My wife’s reaction? Well, she almost puked. Too much exploding low frequencies and too little steadicam. Don’t go to this movie with your girlfriend. It takes all the fun out of your evening.

Product placement thanks go to Apple and Ford.

This week, Google introduced OpenSocial API. It is a set of common interfaces for building social applications. Scobleizer’s blog post led me to more information about the OpenSocial API, here:

http://code.google.com/apis/opensocial/

I watched the Campfire One video – almost from beginning to end – and browsed through some Developer’s Guide docs. I appreciate Google’s simple and straightforward, hands-on approach. They have not created a “Meta-Reference Application Framework for Interfaces of Social Network Applications” and dozens of new acronyms. Instead, they show working code and the classic “Hello World!”, written with a vanilla text editor.

Why are Google and other companies allocating resources to social media? The way I see it, that is because their main revenue streams come from advertisers. Social applications are filled with data of people’s activities, interests, daily patterns, schedules, locations, networks etc. This data provides juice for building highly targeted marketing systems, which in turn generate happy advertisers.

The more data people put into the system, the better the system will serve the people. It’s a win-win for us all, don’t you think?