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Submission + - The Pitfalls of the New Tech Bubble (businessweek.com)

Submitted by rabidmuskrat
rabidmuskrat writes: The tech bubble is back. Facebook Inc. is commanding an enormous valuation. So are Groupon Inc., Twitter Inc. and LivingSocial.com. Investors know there is a lot of money to be made from technology. They also know there is just as much to be lost when the bubble bursts. Detecting these market bubbles can be a very important thing, though one might ask How does this affect you?
Facebook

Submission + - The Facebook Obsession (cnbc.com)

Submitted by rabidmuskrat
rabidmuskrat writes: CNN asks the question, "Are we too obsessed with facebook?" With 500 million users and a CNBC story about it, the answer would seem to be yes. PostRandomonium notes the media's obsession with Facebook, and how it impacts their news coverage. In particular that of CNN.

One out of every 13 Earthlings and three out of four Americans is on Facebook, and one out of 26 signs into Facebook on a daily basis.

Submission + - Bill Gates donates 10B to worldwide illness (cnn.com)

Submitted by sitkill
sitkill writes: "Bill and Melinda Gates announced plans Friday to invest $10 billion in the fight against a number of illnesses including AIDS and said the record donation could save nearly nine million lives...The $10 billion commitment is the largest pledge ever made by a charitable foundation to a single cause, according to The Chronicle of Philanthropy, a newspaper covering nonprofit organizations."
Announcements

Submission + - UK's oldest computer to be 're-booted'.

Submitted by
Smivs
Smivs writes: "Britain's oldest original computer, the Harwell, is being sent to the National Museum of Computing at Bletchley where it is to be restored to working order. The computer, which was designed in 1949 was built and used by staff at the Atomic Energy Research Establishment in Harwell, Oxfordshire. It first ran in 1951 and was designed to perform mathematical calculations. It lasted until 1973. When first built the 2.4m x 5m computer was state-of-the-art, although it was superseded by transistor-based systems. The restoration project is expected to take a year. Although not the first computer built in the UK, the Harwell had one of the longest service lives. Built by a team of three people, the device was capable of doing the work of six to ten people and ran for seven years until the establishment obtained their first commercial computer. "We didn't think we were doing anything pioneering at the time," said Dick Barnes, who helped build the original Harwell computer."
Microsoft

Submission + - Zune HD to kill off all previous Zunes

Submitted by Anonymous Coward
An anonymous reader writes: All of the current generation Zunes will be discontinued once the Zune HD drops is released in two weeks, meaning all that will be left are two Zune HD models priced at $220 and $290. 'As you know, the new Zune HD device--featuring a touch OLED screen, HD Radio, HD video out capabilities, Internet browser and more--is available for preorder now and will be available at retail on September 15,' a Microsoft spokesperson told Ars. 'Additional flash Zune devices (Zune 4GB, 8GB and 16GB) and hard drive devices (80GB and 120GB) will continue to be available at retail until sold out, though we will not continue to manufacture those devices.'

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