Image courtesy of AP.

On the Economy

The Dow was shaken up this week with a 1000 drop in points.  Was it Greece, No, a trading mistake, No…

The Greek debt crisis. The fall of the euro. The collapse of the European order. Debt contagion hits the market. Never mind that, important as the Greek crisis is, nothing whatsoever changed in the Greek debt situation at 2:15 p.m. It was the explanation closest at hand, and it’s the job of the press to explain what was quickly turning into the fastest crash in U.S. market history.

Let’s blame it on technology, no? Or was it the trader who entered a “b” for billion instead of an “m” for million in a trade possibly involving Procter & Gamble a component in the Dow.

….

20 Things You Will Need To Survive When The Economy Collapses And The Next Great Depression Begins
Today, millions of Americans say that they believe that the United States is on the verge of a major economic collapse and will soon be entering another Great Depression.

Economy Gains Impetus as U.S. Adds 290,000 Jobs
Despite growing unease in the financial markets, the American economy is gathering steam, adding an unexpectedly large number of jobs last month.

The Trillion-Dollar Question
What happened Thursday, May 5, to cause the stock market’s precipitous fall is truly the trillion-dollar question that no one can seem to answer.

How a market crashes
How can the market go, on a random Thursday afternoon, completely insane? The story which is emerging centers on old, boring Procter & Gamble, as can be seen in the PG chart from this afternoon.

On Mark Zuckerberg and Facebook:

@CnnMoney, @davidkirkpatric (has written a book, “The Facebook Effect) and @Techcrunch have some very interesting articles related.  Find them HERE.

A short excerpt from the book below:

“You just saw my apartment,” Zuckerberg replied. “I don’t really need any money. And anyway, I don’t think I’m ever going to have an idea this good again.” Viacom (VIA) would try money nonetheless, with a cash offer of $800 million and provisions that could make it worth as much as $1.5 billion. But like many other suitors, the Viacom executives discovered they were dealing with a formidable character. If his invention’s early appeal was at a freshman level, exploiting the desire of college students to check each other out, his professed ambition was much higher: to change the world.

Confusing *a* public with *the* public
Private v. public is not a binary decision; there is a vast middle inbetween that is about the control of our own publics. Allow me to explain….

Facebook vs. Zynga: The Turf War
Zynga and Facebook have had an extremely symbiotic and mutually lucrative relationship to date, but after the social network tried to use its weight to hold its leading social gaming application maker captive, Zynga looks to be mad as hell.

Facebook’s Gone Rogue; It’s Time for an Open Alternative
Facebook has gone rogue, drunk on founder Mark Zuckerberg’s dreams of world domination. It’s time the rest of the web ecosystem recognizes this and works to replace it with something open and distributed.

Facebook is Dying – Social is Not
There is one question that I hear all the time. Is Facebook going to last, or is it just a fad? My answer is always the same

What Happens When You Deactivate Your Facebook Account
Facebook is a big part of millions and millions of peoples’ lives, but what happens when you pull the plug?

On Mobility and Mobile Apps

See what the @RWW has to say on the newest trends in the mobile market.

RWW Mobile Summit Keynote: Top Mobile Trends of 2010
During his keynote presentation at the ReadWriteWeb Mobile Summit today, our founder and editor Richard MacManus examined the trends and issues around mobile that we have been tracking here on RWW.

Some very cool new Mobile Apps (except Fiverr).  Aside Note:  Found these on the Webby Awards 2010 Page.

Sharing location with friends and family on Facebook® has just become easier — and more engaging — thanks to Glympse™ http://www.glympse.com

The place for people to share things they're willing to do for $5, web app. http://www.fiverr.com

Create your profile and set up your phone. We update your location in real-time and send alerts to your phone when singles are near you. http://www.meetmoi.com

Bonus Reading

Tell-All Generation Learns to Keep Things Offline

Meet the woman who founded Mother’s Day

14th Annual Webby Nomimees and Winners

BBC News – The distraction society

Know Your Rights: H.264, patent licensing, and you

Here’s a tech aggregator site that will keep you in the loop 24/7.  I value the content on this site and visit it frequently…

Coming Soon: a Synthetic Brain Built from Tens of Thousands of Smartphone Chips