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Silicon Valley Is Finally Taking Notice of Baby Boomers

Silicon Valley Is Finally Taking Notice of Baby Boomers | Business News & Finance | Scoop.it
I’ve written before about ageism in Silicon Valley. Venture capitalists like their founders young and ambitious; young founders, in turn, hire young employees. It makes sense, from a certain point of view—young people understand young markets.
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Rosie O'Donnell says wants sweets like an alcoholic 'needs the bottle'

Rosie O'Donnell says wants sweets like an alcoholic 'needs the bottle' | Business News & Finance | Scoop.it
Her more unhealthy lifestyle was one of the reasons she suffered a near fatal heart attack back in 2012.
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Monica Lewinsky wasn't betrayed by feminism, she was trashed by women who should have known better

Monica Lewinsky wasn't betrayed by feminism, she was trashed by women who should have known better | Business News & Finance | Scoop.it

Big news, everyone! We've gone back to the 90s and solved the biggest mystery of the decade. No, not how OJ got away with it, nor why Kurt Cobain killed himself, nor how the hell Britpop ever happened. No, something much more important: who behaved the worst during the Bill Clinton and Monica Lewinsky scandal?

 

I admit, I'd always assumed it was Clinton, the man who (sort of) screwed the woman, then screwed her over, when he weaselly tried to deny the affair and then allowed his advisers to paint her as – to use one male columnist's unforgettable phrase for Anita Hill, another high-profile 90s woman – "nutty and slutty".

 

After Clinton, there's Kenneth Starr, the sweaty-palmed independent counsel who devoted $70m to investigating a blow job and wrote lengthy descriptions of Lewinsky's sex life in the sticky pages of the infamous Starr report.

 

Then there were the Republicans at the time, who eagerly threw Lewinsky under the bus in an attempt to oust Clinton. Or maybe the 1990s media that dismissed her as a "young tramp", or pop stars who used Lewinsky's name as a byword for ejaculation, as in Beyoncé's song Partition, or – but no, let's stop all this blaming of innocent souls because the true culprits have finally be unearthed. The real source of Lewinsky's humiliation is, it turns out, feminists.

 

Lewinsky herself raises this possibility in her much-discussed Vanity Fair article, devoting far more space to the pain caused by what she describes as "the feminist camp" than Clinton himself. "Monica Lewinsky: feminists failed me," screamed a Washington Post headline. The Boston Herald proclaimed: "Feminists ruin reputation by trashing Lewinsky's."US breakfast TV host Joe Scarborough ranted last week on his MSNBC show against "pathetic" female columnists and "you 'women's rights' ladies". The story has spread to Britain, too, with one column in the Times being headlined "Lewinsky was wronged. By the sisterhood".

 

Now, before this becomes the accepted narrative, it's worth looking at how true, exactly, this is. Scarborough's rant was prompted by a typically nasty column published last week about Lewinsky in the New York Post by Andrea Peyser, a woman about as representative of US female columnists as the Daily Mail's Jan Moir is of British ones.

 

Lewinsky was provoked by a similarly unpleasant newspaper feature, one she quotes at length in her article. In 1998, the New York Observer amassed a somewhat ragtag group of women and transcribed their thoughts on the Lewinsky scandal under the embarrassing title "New York Supergals Love that Naughty Prez". Author Erica Jong wisecracked about whether Lewinsky had gum disease, professional antagonist Katie Roiphe chin-stroked that the real source of people's ire was not that Clinton lied, but that "Monica Lewinsky's not that pretty". Someone at the New York Observer thought it was worth publishing these aperçus.

This feature was, as Lewinsky says, disgusting. But none of those women represent on any level "the feminist movement". (Roiphe, for one, made her name with a book that suggested women were partly responsible for date rape and, just this weekend, had an article in a British Sunday newspaper arguing, for no obvious reason, that men should always pay on dates.)

 

There is a difference between women behaving stupidly and the feminist movement "failing". There were certainly failures among high-profile women towards Lewinsky. Both Tina Brown and the New York Times's Maureen Dowd wrote some pretty embarrassing nonsense about Clinton and Lewinsky at the time, with Dowd in particular characterising Lewinsky as "a ditzy, predatory intern" and comparing her to Glenn Close in Fatal Attraction, and she duly won a Pulitzer for it. Betty Friedan, author of The Feminist Mystique, dismissed Lewinsky as "some little twerp", but seeing as Friedan pretty much spent the last few decades of her life badmouthing women – mainly Gloria Steinem, who she'd been griping about since the 70s – this strikes me more as a personal failing on Friedan's part than anything specifically representative of the feminist movement.

 

There is no doubt some in the feminist movement were wrongfooted by the affair. Here was a sex scandal that involved a Democrat president with pro-women policies, and one that arrived so soon after the Clarence Thomas and Anita Hill debacle. The National Organization for Women issued a statement: "We want to state clearly our belief that it would be a misuse of power for any public official to have a sexual relationship with an employee or intern." Yet Lewinsky's insistence that the relationship had been mutually consensual complicated simplistic gender arguments. Steinem wrote in the New York Times in 1998: "Most Americans become concerned about sexual behaviour when someone's will has been violated" and added that she refused to give into "pressure by the rightwing and the news media to call for [Clinton's] resignation or impeachment."

 

Lewinsky wasn't betrayed by "the feminist movement" (and for that matter, plenty of smart women, such as Barbara Ehrenreich, came to her defence at the time). She was badmouthed by some high-profile women, trashed by the media and crushed by some especially powerful men. It's understandable why Lewinsky would feel so abandoned, but for others to focus on the faults of a few woman and to take them as representative of the entire movement is an easy way to trash feminismand to turn a story about powerful men and a vulnerable woman into some kind of catfight. Contrary to popular media myth, the actions of some women do not represent all women or, in this case, feminism. Lewinsky wasn't betrayed by feminism, she was dissed by some women who should have known better when what she wanted was kindness. That's not a failure of feminism. That's a lack of human decency.

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WordCamp: 'The most accessible tech event in Miami' | The Starting Gate

WordCamp: 'The most accessible tech event in Miami' | The Starting Gate | Business News & Finance | Scoop.it
More than 750 people spent last weekend learning everything from how to attract a bigger website audience to how to build web and mobile applications at the fifth annual WordCamp Miami. The three-day event brought together a diverse group of Miami’s technology scene ranging from top website developers to small business owners and publishers. Unlike many of Miami’s tech events, which are aimed at people who want to build the next Facebook, WordCamp is for people you’d hire to build your website – or people who want to build their own. This is the tech Miami scene that isn’t new but has always been here. “This is probably the most accessible tech event in Miami,” said Rebekah Monson, communication manager at the University of Miami’s School of Communication and organizer of the Code for Miami, aimed at using technology for civic good, and Hacks/Hackers Miami, a group that melds technology and journalism. The event was organized, for the fourth year, by David Bisset, a Broward web developer who owns Dimension Media, and a team of volunteers. Most speakers also were volunteers, and the University of Miami and Nova University, the workshop venues, donated or heavily discounted the venues for the event. That keeps the cost low – just $30 for the two-day main conference or $35 for three days, including beginners’ workshops held at UM this weekend and at Nova last month. The event also included a WordPress beginners’ workshop for kids. As usual, WordCamp Miami sold out more than a month in advance. WordCamps are held all over the world. WordPress is a free, open-source content management system. It started in 2003 as a simple blogging platform but has grown sophisticated enough to be used by Mashable, special projects by CNN, The New York Times and The Washington Post and businesses such as eBay and Best Buy. It’s estimated that more than 20% of the world’s websites whose content management systems can be identified are using WordPress. Because it uses templates (themes), WordPress can be used by someone with no previous website design experience. Experience developers in the WordPress communities create new extensions and plugins every day, many free to use. WordCamp Miami attracted everyone from business owners seeking ways to promote their enterprises to graphic designers who have added website building to their portfolio. People of all ages and women were well represented. The event had three tracks: users, designers and developers, but many attendees sampled all three as well as sessions aimed at growing a website business. If you missed this year’s event, you can learn about WordPress at the monthly meetings of the South Florida WordPress Users group. Teresa Mears is the publisher of Miami on the Cheap, Fort Lauderdale on the Cheap and Living on the Cheap, which she built herself after leaving print journalism. Read more here: http://miamiherald.typepad.com/the-starting-gate/2014/05/wordcamp-the-most-accessible-tech-event-in-miami.html#storylink=cpy
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China Considers Bullet Train to ... US?

China Considers Bullet Train to ... US? | Business News & Finance | Scoop.it
China is big on bullet trains , but a report in the state-run Beijing Times would raise the bar in astonishing fashion: It says China is considering a bullet train to the US. China Daily sums up...
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Romero Britto's South Beach gallery sells for $34.5M

Romero Britto's South Beach gallery sells for $34.5M | Business News & Finance | Scoop.it
The South Beach home of Brazilian artist Romero Britto’s gallery traded for $34.5 million, The Real Deal has learned. Miami-based 818 Lincoln Corp. sold the 8,375-square-foot building on Wednesday, according to Miami-Dade County records.
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Report: Apple Is Getting Ready to Buy Beats for $3.2 Billion

Report: Apple Is Getting Ready to Buy Beats for $3.2 Billion | Business News & Finance | Scoop.it
According to the Financial Times, Apple is closing in on an acquisition of Beats, the headphone manufacturer turned streaming music service.
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Woman at center of Donald Sterling scandal to become a foster mom

Woman at center of Donald Sterling scandal to become a foster mom | Business News & Finance | Scoop.it
V. Stiviano, woman heard on tape of now-infamous racist diatribe by LA Clippers owner, will become guardian of two young boys
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Shelly Sterling intends to keep Clips in family

Shelly Sterling intends to keep Clips in family | Business News & Finance | Scoop.it

LOS ANGELES -- Clippers co-owner Shelly Sterling confirmed Wednesday that she intends to keep ownership of the team in her family, despite the NBA's move to oust her estranged husband, Donald Sterling, who was banned for life by commissioner Adam Silver last week in the wake of racist remarks he made that were published by TMZ.

 

Shelly Sterling has been a co-owner of the Clippers with her husband since 1981 and is one of two alternate governors. The other, team president Andy Roeser, began an indefinite leave of absence Tuesday. The team is owned by a family trust.

"Commissioner Silver made it clear, that when he announced sanctions against Donald, that the NBA was taking no action against me or my family," Shelly Sterling said in a statement given to ESPN.

She has hired attorney Pierce O'Donnell to represent her interests as the NBA moves to terminate her husband's ownership of the team.

Silver said last week that no decisions have been made regarding members of the Sterling family other than Donald.

"This ruling applies specifically to Donald Sterling and Donald Sterling's conduct only," the commissioner said.

ESPN's Darren Rovell reported Tuesday that the NBA believes it has the legal grounds to force Donald Sterling to sell the team because he has signed numerous contracts with the league agreeing that an owner will not take any position or action that will materially and adversely affect a team or the league. Owners also sign morals clauses, which state they will be held to the highest standard of ethical and moral behavior.

The NBA will maintain that Donald Sterling violated those contracts should he choose to fight the league's plan to force him to sell the team. The league must get 75 percent of owners to agree to make the move.

 
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Is Tesla Motors worth $50 or $500?

Is Tesla Motors worth $50 or $500? | Business News & Finance | Scoop.it

Wednesday, after the close, Tesla Motors reported earnings.The results were impressive by any measure, and projections were in line with our expectations. However, in the aftermarket, the stock fell as the reported numbers were below the whisper numbers. The earnings report and the conference call provided a lot of details, but these details are simply noise, both from the perspective of the long-term investor and the short-term trader. So, where does that leave us regarding price?

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Alibaba Files for an IPO: Why You Should Care

Alibaba Files for an IPO: Why You Should Care | Business News & Finance | Scoop.it

The Chinese technology company Alibaba filed in the U.S. today for its initial public offering. What is Alibaba, you may be asking if you’re not Chinese or an obsessive reader of tech blogs? It’s an e-commerce company, a mix of Amazon(AMZN), EBay (EBAY), and PayPal. There’s Tmall, an online shopping mall; Taobao, a marketplace where small Chinese companies can sell directly to consumers; and Alipay, a digital payments company that Chinese consumers use through their mobile phones for all sorts of transactions, on Alibaba sites or off.

And why is this a big deal? Because Alibaba does huge business, and therefore is going to be worth a lot of money. Last year, Alibaba sold $248 billion in goods—everything from frozen fish fillets to Nike sneakers to used jetliners. In one day last year, it saw $5.8 billion in transactions. Alipay was used in payments worth $519 billion. Alibaba is the biggest e-commerce site in the world’s fastest-growing economy, one where many inhabitants aren’t even online yet. Because it functions largely as a marketplace, Alibaba’s operating costs are relatively low, and that, along with its very low taxes, means it enjoys profit margins of 45 percent.

Analyst estimates for the company’s post-IPO value range from $136 billion to $245 billion. If it’s anywhere but at the bottom of that range, that means the company will be more valuable than Facebook (FB).

 
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Company flooded with bad reviews after threatening to sue over bad review

Company flooded with bad reviews after threatening to sue over bad review | Business News & Finance | Scoop.it
For online businesses, reviews mean everything. An extra star on your business’s rating on eBay, Yelp or TripAdvisor can mean the difference between profit and bankruptcy. So, it's no surprise that companies will go to extreme lengths to protect their honor—as one Reddit user found out this week. Reddit user trevely says he purchased a Medialink Wireless-N Broadband Router from Amazon last September, but had multiple concerns about the product as soon as he received it. First, he says, the device was simply a rebranded version of the technology sold by Tenda; and secondly, something appeared to be amiss with the Amazon reviews of the product.
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Hip Hop and Transhumanism: An Interview with M.C. Kilch and Maitreya One

Hip Hop and Transhumanism: An Interview with M.C. Kilch and Maitreya One | Business News & Finance | Scoop.it
My following article/interview below was originally published by the Institute for Ethics and Emerging Technologies (IEET): Growing up in the South gave me a certain perspective of the United State...
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Florida Wants Not Only Medical Marijuana but Legal Cannabis Too

Florida Wants Not Only Medical Marijuana but Legal Cannabis Too | Business News & Finance | Scoop.it
Florida's medical marijuana measure, if approved, could make it the first southern state in America to go green, so to speak....
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Secret Service seeking media relations trainers

Secret Service seeking media relations trainers | Business News & Finance | Scoop.it
The agency, beset by a series of embarrassing revelations, wants its officials trained in talking to the press.
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How feminists failed Monica Lewinsky

A look back to 1998 reminds us that few came to her defense after the Clinton scandal broke, writes Nia-Malika Henderson.
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How a Mom With a Printer Made $100 Bills

How a Mom With a Printer Made $100 Bills | Business News & Finance | Scoop.it
A Hewlett-Packard 3-in-1 inkjet printer was essentially all it took for a working mom in Virginia to become a counterfeiter. Bloomberg takes a look at the case of Tarshema Brice, a 34-year-old hairstylist...
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Doral Walmart Is the Busiest Walmart in the Country

Doral Walmart Is the Busiest Walmart in the Country | Business News & Finance | Scoop.it
If you're wondering why Walmart was so desperate to build its first store within the City of Miami limits at...
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Bitly Data Breach Hits Facebook, Twitter Users

Bitly Data Breach Hits Facebook, Twitter Users | Business News & Finance | Scoop.it
Short-URL generator Bitly hit by data breach, but damage spills over to Facebook, Twitter due to shared credentials.
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V. Stiviano Investigated Over Blackmail Claims

V. Stiviano Investigated Over Blackmail Claims | Business News & Finance | Scoop.it

V. Stiviano, the woman heard on recordings speaking to Los Angeles Clippers owner Donald Sterling when he made the racist comments that earned him a lifetime ban from the NBA, is now the subject of a criminal probe, according to reports.

The Los Angeles District Attorney's Office is investigating accusations that Stiviano sought money from Sterling to stop her from releasing more recordings, sources told KABC in Los Angeles. Someone linked to Sterling went to the DA's office to make the blackmail accusation, the source said.

In addition, KABC is reporting that Sterling's estranged wife, Rochelle, could become a witness in the investigation.

The investigation was first reported by TMZ, which says Stiviano claims to have 100 hours of recordings of her conversations with Sterling.

The 31-year-old assistant, confidant and "silly rabbit" to Sterling made similar remarks in an interview with ABC's Barbara Walters last week.

“There’s been a number of occasions where Mr. Sterling and I had conversations just like this one. This was one of very many,” she said. “Part of what the world heard was only 15 minutes. There’s a number of other hours that the world doesn’t know.”

Stiviano's attorney has denied she leaked the recordings that set off the scandal,saying a friend did it without her permission.

 
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Richard Sherman Sounds Off on Donald Sterling

Richard Sherman Sounds Off on Donald Sterling | Business News & Finance | Scoop.it
The Seattle Seahawks star and TIME 100 honoree, who just signed a $56 million contract extension, talks about the upcoming NFL Draft, the lessons from his famous post-game interview and why the NFL would react differently if it had its own Donald SterlingWhen you heard the racist remarks of Los Angeles Clippers owner Donald Sterling, what was your reaction?


I wasn’t really shocked or anything. Because of what I saw after the incident after the NFC championship game. You’ve got a lot of racial backlash, and a lot of racist comments that were uncalled for – I can never see a time where racism is called for. So it didn’t shock me as much as it would have had I not experienced that personally, had I not seen those things.

 

Because it showed me that America still had some progress to make. On equality, and understanding that it doesn’t matter what color you are, you treat people as people. And whether a good person or a bad person, you don’t judge them off the color of their skin. You can know a person is a good person or a bad person by who they are, not by what they look like. In that situation, it just seems like a lot of people gave him a lot of flack, well deserved, but you know – I feel like a lot more people were surprised then they should have been.

That’s why a lot of people shy away from the conversation that I forced on us in January. People want to it to be done, they want that uncomfortable truth to be over with, they want the racism to be done, they want to believe everything is great and hunky-dory. And it’s not. There’s a lot of racism still alive and still active. And it just forced America to rethink it once again. And to really, really understand that racism isn’t gone. We have to actively push it out. And snuff it out.

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Costs add up for Tesla

Costs add up for Tesla | Business News & Finance | Scoop.it
For all of Tesla's promise, it's still a startup electric car maker that needs to invest heavily before joining the big league.

Those costs are beginning to add up and may be eating into Tesla's bottom line.

 

The company said Wednesday that even though its revenues increased for the quarter, it earned $17 million in profit -- a big drop from the $45.9 million in the previous quarter.

Tesla (TSLA) shares fell 9% in early trading Thursday.

Tesla is a niche player compared to more established automakers (it only sells one model), but its CEO, billionaire Elon Musk, has big plans for the future and is not shying away from the mounting costs.

In his letter to shareholders, Musk said operating expenses will continue to grow in the next quarter, by about 30% for research and development and 15% for selling, general and administrative costs. He expects to invest between $680 and $850 million this year.

 

On a call with investors, he said that increase is driven by the development of Tesla's newModel X, set to go on sale next year, as well as its expansion into China and the construction of its massive battery factory, dubbed the "Gigafactory."

In fact, the company said Wednesday that it will break ground at two locations for the factory while it decides on the ultimate location.

This will "minimize risk of delays arising after groundbreaking," Musk said.

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Tough Task for Yahoo: Spending Its Alibaba Windfall Wisely

Tough Task for Yahoo: Spending Its Alibaba Windfall Wisely | Business News & Finance | Scoop.it

More than ever, Marissa Mayer needs to find the exclamation point inYahoo’s business. After the company sells around half of its 22.6 percent stake in the Chinese e-commerce giant Alibaba, Ms. Mayer, the Yahoo chief executive, could have $12 billion on hand. Spending it wisely will be tough.

 

Last time it sold Alibaba shares back to the Chinese company, the American company used most of the proceeds to repurchase stock – just under $6 billion worth since the start of 2012, Yahoo said during its first-quarter earnings call last month. Yahoo’s share price has more than doubled over that period, however, so purchasing stock has become a pricier use of cash.

 

Yahoo’s rise in market value – to about $34 billion since Ms. Mayer took over in July 2012 – partly reflects her leadership, but it also owes plenty to hype over the value of Alibaba, which is expected to tip the scales well into 12 figures. At a $130 billion valuation for Alibaba, Yahoo’s stake in that company accounts for almost 60 percent of its own worth.

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Invading China: Alibaba Teams Up With Amazon Rival ShopRunner To Bring American Goods East

Invading China: Alibaba Teams Up With Amazon Rival ShopRunner To Bring American Goods East | Business News & Finance | Scoop.it

For decades, China has been viewed by the West as an exporter. With its latest deal, Alibaba Group is hoping to turn that paradigm around.

On Wednesday, it was revealed that the Chinese e-commerce behemoth was teaming up with U.S. company ShopRunner to sell and ship American goods to China. In an interview with Forbes, ShopRunner Chief Strategy Officer Fiona Dias explained that the Conshohocken, Pa.-based company will be launching a partnership with Alibaba at the end of the year that will make it significantly easier for Chinese consumers to buy American brands ranging from Calvin Klein to Spanx. Reuters first reported news of the partnership.

  
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COPING; A Papal Blessing, but No Miracles

COPING; A Papal Blessing, but No Miracles | Business News & Finance | Scoop.it
THE politicians had already promised to revive the South Bronx. President Jimmy Carter had toured Charlotte Street in 1977, transforming its rubble-strewn lots into a national symbol of urban despair.

Two years later, on Oct. 2, 1979, Pope John Paul II was on the way to Yankee Stadium, where he was to speak before 80,000 people, when his motorcade made a detour to a less celebrated part of the South Bronx.
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