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+ - Open Social - Details of Google's Facebook Killer->

Submitted by
PRC Banker
PRC Banker writes "This week a new social API is being launched: Open Social. "Open Social is an open web API that can be supported by two kinds of developers: * Containers — social networking systems like Ning, Orkut, LinkedIn, Hi5, and Friendster; * Apps — applications that want to be embedded within containers — for example, the kinds of applications built by iLike, Flixster, Rockyou, and Slide." I think this is pretty big news. No more Facebook-specific FBML and FQL, "app developers can build to standard HTML and Javascript, and their apps can then run in any Open Social container." Key quote: "Open Social... will prevent Facebook from having any kind of long-term proprietary developer lock-in.""
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Security

+ - Apple Fixes iTunes for Windows Vista

Submitted by
IT071872
IT071872 writes "According to PC World, Several weeks after rival Microsoft Corp. rolled out Windows Vista to consumers, Apple Inc. has updated iTunes to run on the new operating system — although "a few" problems still remain, Apple said yesterday.

The company also issued a security update for its QuickTime multimedia player software, patching eight vulnerabilities; According the Apple warning, all could be used to execute arbitrary code, a scenario most researchers equate with a critical threat.

More than a month ago, Apple warned Microsoft Corp.'s Vista users to stay away from iTunes — the software for buying music tracks and loading tunes onto iPods — until further notice."
Businesses

+ - How Indian Software pros play the hot job market

Submitted by Anonymous Reader
Anonymous Reader (666) writes "It is very interesting to see a narrative on how software pros in India milk the shortage of qualified manpower in the country. With a lot of software development happening there, good people are in short supply as in any other field in any other country. It is a job seekers market and the writer puts in a funny spin to his poor experience."
Music

+ - New Royalty Rates to Bankrupt Webcasters

Submitted by
scifience
scifience writes "Earlier today the new royalty rates for US-based webcasters were announced by the Copyright Royalty Board. Under the new system, a station with just 1000 listeners will be charged over $150,000 a year in royalties. The worst part? The rates are effective retroactively to the beginning of 2006. The royalties were proposed and will be collected by RIAA-backed SoundExchange. Luckily, the rates are still subject to appeal. More information on the changes and what can be done to stop the RIAA from destroying internet radio here."
The Almighty Buck

+ - Dow Jones Plunge Fueled by Overwhelmed Computers

Submitted by
cloudscout
cloudscout writes "The Dow Jones Industrial Average dropped over 400 points today. While there were various valid financial reasons for such a decline, some of the blame is being placed on computer systems that couldn't keep up with the abnormally high volume at the New York Stock Exchange and the resulting tremor as they switched over to a backup system. In other words, Dow Jones got Slashdotted."

The sooner all the animals are extinct, the sooner we'll find their money. - Ed Bluestone

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