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MySpace Lays Off 47% of Employees 206

tgtanman writes "CNN reports that MySpace has announced that it has laid off 500 employees, 47% of its total staff. From the article: 'MySpace's management kept most of the site's developers but gutted nearly every other job role, according to a staffer who survived the cuts ... "Today's tough but necessary changes were taken in order to provide the company with a clear path for sustained growth and profitability," CEO Mike Jones said in a written statement. "These changes were purely driven by issues related to our legacy business, and in no way reflect the performance of the new product."'"

Global Warming's Silver Lining For the Arctic Rim 582

Pickens writes "According to Laurence C. Smith, an Arctic scientist who has consistently sounded alarms about the approach of global warming, within 40 years the Arctic rim may be transformed by climate change into a new economic powerhouse. As the Arctic ice recedes, ecosystems extend, and minerals and fossil fuels are discovered and exploited, the Arctic will become a place of 'great human activity, strategic value and economic importance.' Sparsely populated areas like Canada, Scandinavia, Russia and the northern United States — the northern rim countries, or NORCs — will become formidable economic powers and migration magnets. Predictions in Smith's new book The Earth in 2050 include the following: New shipping lanes will open during the summer in the Arctic, allowing Europe to realize its 500-year-old dream of direct trade between the Atlantic and the Far East, and resulting in new economic development in the north; NORCs will be among the few place on Earth where crop production will likely increase due to climate change; and NORCs will become the envy of the world for their reserves of fresh water, which may be sold and transported to other regions."

Stellar rays prove fibbing never pays. Embezzlement is another matter.