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	<title>Business &#38; MoneyCategory: Silicon Valley &#124; Business &#38; Money &#124; TIME.com</title>
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		<title>Business &#38; MoneyCategory: Silicon Valley &#124; Business &#38; Money &#124; TIME.com</title>
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		<title>How Silicon Valley Is Hollowing Out the Economy (and Stealing From You to Boot)</title>
		<link>http://business.time.com/2013/05/07/how-silicon-valley-is-hollowing-out-the-economy-and-stealing-from-you-while-theyre-at-it/</link>
		<comments>http://business.time.com/2013/05/07/how-silicon-valley-is-hollowing-out-the-economy-and-stealing-from-you-while-theyre-at-it/#comments</comments>
		<pubDate>Tue, 07 May 2013 09:45:36 +0000</pubDate>
		<dc:creator>Christopher Matthews</dc:creator>
				<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Technology & Media]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=79359</guid>
		<description><![CDATA[Jaron Lanier&#8217;s latest book, Who Owns the Future?, begins by noting an instructive coincidence: the bankruptcy of the photography giant Kodak occurred within months of Facebook’s billion-dollar acquisition of the photo-sharing site Instagram. This would be just one example of the destructive dynamism of American capitalism, a process through which old companies are overtaken by new technology and new firms more in tune with the needs of customers &#8212; and that perhaps benefits us all. Except for one thing, that is: whereas Kodak employed 140,000 workers during its heyday, Instagram employed just 13 people when it was purchased in April 2012. &#8220;Where did all those jobs disappear to?&#8221; Lanier asks. &#8220;And what happened to the wealth that those middle-class jobs created?&#8221; Lanier&#8217;s answer is that the new &#8220;information economy,&#8221; which is now superseding the manufacturing economy, is developing in such a way that the rewards are filtering to an elite few at the expense of everybody else. Lanier is certainly not the first public intellectual to expound upon rising income inequality or the fact that the emergent information economy isn&#8217;t able to produce the sort of middle-class jobs that automation is destroying. But Lanier, a computer scientist who made his name in the field of virtual reality (a term he coined) in the 1980s, is one of the few conversant enough in the necessary disciplines &#8212; namely history, economics and technology &#8212; to approach the problem holistically.  (MORE: Can Robots Bring Manufacturing Jobs Back to the U.S.?) One popular view of the American economy&#8217;s recent troubles is that we&#8217;ve become too decadent, that we no longer make anything the rest of the world wants, and that our economy will not recover until we can learn to overcome our addiction to debt and cheap, foreign-made goods. And if one were to look at where the average American gets his paycheck these days, there&#8217;s evidence to support this worldview. Fewer and fewer Americans are employed in making physical goods &#8212; just 9% of the population works in manufacturing, compared with 40% during World War II. But total manufacturing output &#8211; that is, the dollar value of<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=79359&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Silicon Valley</primary_category><primary_category_link>http://business.time.com/category/technology-media/silicon-valley/</primary_category_link>
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			<media:title type="html">christopherrmatthews</media:title>
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		<title>Report: Google Fiber Heading to Austin as Cities Race to Boost Web Speeds</title>
		<link>http://business.time.com/2013/04/08/google-fiber-reportedly-coming-to-austin-tx-as-cities-race-to-boost-web-speeds/</link>
		<comments>http://business.time.com/2013/04/08/google-fiber-reportedly-coming-to-austin-tx-as-cities-race-to-boost-web-speeds/#comments</comments>
		<pubDate>Mon, 08 Apr 2013 11:00:59 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Future of TV]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Technology & Media]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=76968</guid>
		<description><![CDATA[America&#8217;s weirdest city is about to get wired. Google Fiber is heading to Austin, according to multiple reports. If true, Austin, home of the South by Southwest festival, will become the largest city to receive Google&#8217;s superfast, 1-gigabit Internet-and-TV service after Google Fiber&#8217;s initial launch in Kansas City, Mo., last year. In a tantalizing clue, Google Fiber&#8217;s news website briefly flashed a message over the weekend reading: &#8220;Google Fiber&#8217;s Next Stop: Austin, Texas.&#8221; Google may have inadvertently managed to scoop its own announcement, because the message was quickly removed. &#8220;It’s no longer a question,&#8221; Austin-based blogger Stacey Higginbotham, a senior writer for GigaOm, wrote on Saturday. &#8220;Google is bringing its Google Fiber network to Austin. I’ve confirmed it with sources, and the brief publication of a post in the middle of the night by Google should assuage anyone else’s doubts.&#8221; Google Fiber&#8217;s arrival in Austin would be the clearest signal yet that the tech giant is serious about becoming an Internet-service provider — and isn&#8217;t merely out to shame existing broadband giants with its lightning-fast service. In Austin, Google Fiber would compete with the nation&#8217;s second largest cable company, Time Warner Cable, which dominates the Austin market. (TIME parent Time Warner spun off the cable giant in 2009.) Last month, Google announced that it is expanding the service to the Kansas City suburb of Olathe. &#8220;I don&#8217;t think this should surprise anyone because Google’s leadership has been saying that this is not just a science experiment,&#8221; says Blair Levin, a former senior Federal Communications Commission official who led the U.S. National Broadband Plan. &#8220;It’s looking more and more like they want to make this a real business, and that should excite everyone.&#8221; (MORE: Google Fiber Expanding Superfast Internet Service to Olathe, Kans.) Technology experts, business leaders and government officials agree that faster Internet speeds will help boost the U.S. economy. Earlier this year, FCC chairman Julius Genachowski called for at least 1-gigabit broadband community in each of the 50 states by 2015. &#8220;American economic history teaches a clear lesson about infrastructure,&#8221; Genachowski said. &#8220;If we build it, innovation will come. The U.S. needs a critical mass<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=76968&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Technology &amp; Media</primary_category><primary_category_link>http://business.time.com/category/technology-media/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/04/157081279.jpg?w=240</featured_image>
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			<media:title type="html">The Google Fiber Rabbit sits in the showroom area of Fiber Space, part of Google Fiber&#039;s offices, in Kansas City, Mo., Nov. 27, 2012.</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>Did Google Get Off Easy With $7 Million &#8216;Wi-Spy&#8217; Settlement?</title>
		<link>http://business.time.com/2013/03/13/did-google-get-off-easy-with-7-million-wi-spy-settlement/</link>
		<comments>http://business.time.com/2013/03/13/did-google-get-off-easy-with-7-million-wi-spy-settlement/#comments</comments>
		<pubDate>Wed, 13 Mar 2013 12:45:27 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Digital Privacy]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=74547</guid>
		<description><![CDATA[Seven million dollars. That&#8217;s how much Internet giant Google will pay to settle a multi-year investigation into its controversial &#8220;Wi-Spy&#8221; data collection practices. The furor erupted in 2010 when Google disclosed that it had collected Wi-Fi data from unsecured wireless networks as its &#8220;Street View&#8221; vehicles crawled major cities worldwide, photographing buildings for a ground-level view on Google Maps. On Tuesday, Google agreed to pay $7 million to 38 states and the District of Columbia to settle the matter. To put that in perspective, Google generated revenue of about $50 billion last year, or nearly $6 million per hour. Big Internet companies like Google and Facebook frequently push the boundaries of user privacy. But the &#8220;Wi-Spy&#8221; case was particularly alarming to consumer advocates, because it raised the specter of Google&#8217;s &#8220;Street View&#8221; cars &#8212; which had already raised privacy concerns &#8212; roaming around major cities vacuuming up personal data, including snippets of browser activity, email traffic, and even medical and financial records, from the Wi-Fi networks of unsuspecting users. Although Google insisted that it never used any of the data in its products, the episode struck many as creepy &#8212; and inspired many consumers to encrypt their Wi-Fi networks. (MORE: Google’s Federal Antitrust Deal Cheered by Some, Jeered by Others) “While the $7 million is significant, the importance of this agreement goes beyond financial terms,&#8221; Connecticut Attorney General George Jepsen, who led the multi-state probe, said in a statement. &#8220;Consumers have a reasonable expectation of privacy. This agreement recognizes those rights and ensures that Google will not use similar tactics in the future to collect personal information without permission from unsuspecting consumers.&#8221; Tuesday&#8217;s agreement also requires Google to launch an employee education program about user data privacy, as well as to sponsor a nationwide public service campaign to help educate consumers about securing their wireless networks and protecting personal information. The company must also continue to secure, and eventually destroy, the Wi-Fi data collected by its Street View vehicles, according to the settlement. Google&#8217;s public service campaign will begin later this year and will include online YouTube videos as well as half-page ads<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=74547&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Digital Privacy</primary_category><primary_category_link>http://business.time.com/category/technology-media/digital-privacy/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/03/rtr2r9f1.jpg?w=240</featured_image>
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			<media:title type="html">A Google Street View car is driven in Sundsvall</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/60187828ab0bda2734e1a17a173fabde?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">shgustin</media:title>
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		<title>Groupon Fires CEO Andrew Mason: The Rise and Fall of Tech&#8217;s Enfant Terrible</title>
		<link>http://business.time.com/2013/03/01/groupon-fires-ceo-andrew-mason-the-rise-and-fall-of-techs-enfant-terrible/</link>
		<comments>http://business.time.com/2013/03/01/groupon-fires-ceo-andrew-mason-the-rise-and-fall-of-techs-enfant-terrible/#comments</comments>
		<pubDate>Fri, 01 Mar 2013 13:00:18 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Future of Retail]]></category>
		<category><![CDATA[Groupon]]></category>
		<category><![CDATA[Management & Leadership]]></category>
		<category><![CDATA[Retail]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Wall Street & Markets]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=73411</guid>
		<description><![CDATA[It was only a matter of time. Groupon fired its charismatic CEO Andrew Mason on Thursday after a tumultuous tenure pockmarked by accounting gaffes, sophomoric stunts and a whopping 77% decline in the company&#8217;s share price. Mason&#8217;s firing, which was expected, came one day after Groupon delivered a net loss of $81 million for the previous quarter, sending its stock price down a vertigo-inducing 24% in one day. &#8220;I was fired today,&#8221; Mason wrote in a letter to employees. &#8220;If you&#8217;re wondering why &#8230; you haven&#8217;t been paying attention.&#8221; He cited the company&#8217;s controversial accounting techniques, its failure to meet its own financial projections, and its deep and dramatic stock decline. &#8220;The events of the last year and a half speak for themselves,&#8221; Mason wrote. &#8220;As CEO, I am accountable.&#8221; Mason, 32, who is worth more than $200 million, wrote that he is &#8220;O.K. with having failed at this part of the journey,&#8221; and compared Groupon to the 1990s-era video game Battletoads, writing, &#8220;It would be like I made it all the way to the Terra Tubes without dying on my first ever play through.&#8221; (See this explanation of that reference.) Mason then went on to say that he is &#8220;looking for a good fat camp to lose my Groupon 40, if anyone has a suggestion.&#8221; (MORE: The Social-Media-Tech IPO Boom: An Insider’s Game?) Groupon&#8217;s board statement was more conservative. &#8220;On behalf of the entire Groupon board, I want to thank Andrew for his leadership, his creativity and his deep loyalty to Groupon,&#8221; said Groupon executive chairman Eric Lefkofsky, who has been appointed to the newly created office of the chief executive, along with vice chairman and veteran tech entrepreneur Ted Leonsis. Groupon&#8217;s board had weighed showing Mason the door since late last year. Mason&#8217;s firing pushed Groupon shares 4% higher, but it by no means solves the company&#8217;s problems, even if it removes a source of investor concern. &#8220;Mason&#8217;s departure is largely symbolic,&#8221; wrote Rakesh Agrawal, a tech consultant and prominent Groupon critic who is short the company&#8217;s stock. &#8220;[The] company has huge structural challenges that his ouster<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=73411&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Technology &amp; Media</primary_category><primary_category_link>http://business.time.com/category/technology-media/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/03/131401263.jpg?w=240</featured_image>
		<media:thumbnail url="http://timebusinessblog.files.wordpress.com/2013/03/131401263.jpg?w=240" />
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			<media:title type="html">Andrew Mason, chief executive officer of Groupon Inc., center, speaks at the Nasdaq MarketSite in New York on Nov. 4, 2011.</media:title>
		</media:content>

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			<media:title type="html">shgustin</media:title>
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		<title>Google Hits &#8216;Glass&#8217; Pedal as Apple Returns to Earth</title>
		<link>http://business.time.com/2013/02/26/google-hits-the-glass-pedal-as-apple-falls-to-earth/</link>
		<comments>http://business.time.com/2013/02/26/google-hits-the-glass-pedal-as-apple-falls-to-earth/#comments</comments>
		<pubDate>Tue, 26 Feb 2013 10:45:15 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Amazon]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Wall Street & Markets]]></category>
		<category><![CDATA[War for the Web]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=72831</guid>
		<description><![CDATA[The U.S. technology industry is one of the most dynamic in the world, particularly with respect to mobile and Internet-based computing, two areas that are evolving at breakneck speed. Things can happen very quickly in the tech space: one day you&#8217;re up, the next day you&#8217;re down. Take Apple and Google, two tech titans currently battling for dominance in the mobile-Internet wars. Over the past several months, Google shares have increased by nearly 20% — last week topping $800 — while Apple shares have fallen by more than 30%. Much of the movement happened in the past few months of 2012, as large investors, including hedge funds, pulled money out of Apple and, in some cases, poured it into Google, in order to maintain exposure to the large-capitalization technology sector, according to Colin Gillis, senior technology analyst and director of research at BGC Financial. &#8220;As Apple started selling off, Google started taking off,&#8221; Gillis says in a phone interview. &#8220;If you&#8217;re an investor and you want exposure to large-cap tech stocks, there aren&#8217;t that many places you can go.&#8221; The Apple sell-off is being driven in part by growing concerns about whether products like the iPhone and the iPad — devices that Apple is only incrementally improving — can continue to power revenue and profit growth, or whether Apple needs new, breakthrough products. After all, during his legendary career, Apple’s late co-founder Steve Jobs radically disrupted several markets with iconic products like the iPod and iTunes, and the iPhone and iPad, which set the standard for tech innovation. Current Apple CEO Tim Cook has yet to introduce a truly breakthrough new product of his own. (MORE: Is Apple Losing Its Shine After Steve Jobs?) &#8220;Tim Cook keeps alluding to the company&#8217;s great product pipeline, but there&#8217;s been an innovation vacuum for a couple of quarters,&#8221; says Gillis. &#8220;I&#8217;m not going to say the story is over — let&#8217;s give it one more year — but we&#8217;re certainly in a period of incrementalism with Apple.&#8221; Scott Kessler, head of technology research at S&#38;P Capital IQ, also raised<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=72831&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>Technology &amp; Media</primary_category><primary_category_link>http://business.time.com/category/technology-media/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/02/rtr37qzx.jpg?w=240</featured_image>
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			<media:title type="html">Google founder Sergey Brin poses for a portrait wearing Google Glass glasses before the Diane von Furstenberg  Spring/Summer 2013 collection show during New York Fashion Week</media:title>
		</media:content>

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			<media:title type="html">shgustin</media:title>
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		<title>Free Federal Wireless Broadband For All Americans? Fuggedaboutit!</title>
		<link>http://business.time.com/2013/02/06/free-federal-wireless-broadband-for-all-americans-fuggedaboutit/</link>
		<comments>http://business.time.com/2013/02/06/free-federal-wireless-broadband-for-all-americans-fuggedaboutit/#comments</comments>
		<pubDate>Wed, 06 Feb 2013 23:13:31 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[War for the Web]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=69819</guid>
		<description><![CDATA[The United States government is not going to be providing free WiFi Internet access to consumers anytime soon. That news may surprise anyone who read a startling Washington Post story on Sunday, which seemed to confuse a fairly esoteric telecom policy proposal about the use of so-called &#8220;white space&#8221; wireless spectrum with some sort of free national wireless Internet access plan. The &#8220;free WiFi for all&#8221; story, which was passed around uncritically by Internet blogs and news sites, set off a furor because the notion cuts to the heart of ongoing battles over access to the Internet, the &#8220;digital divide,&#8221; and federal policy decisions that could have major implications for the telecom, cable, and technology industries. But the story was wrong, as Ars Technica pointed out. On Tuesday, outlets that repeated the bunk story began walking their reports back, in some cases apologizing for giving bad information to the public. The episode, which provoked a strong pushback from tech experts across the political spectrum, illustrates the perils journalists face when they uncritically re-print or &#8220;aggregate&#8221; information too hastily. Here&#8217;s the background: As part of the broadcast television industry transition from analog to digital signals, key wireless spectrum has become available. Wireless spectrum refers to the frequencies that are used by TV, radio, cell phones, satellite, and other devices. This spectrum is extremely valuable &#8212; worth billions of dollars &#8212; because it&#8217;s what enables Apple, Google, Facebook, Twitter, AT&#38;T, and Verizon Wireless to make your smartphones and other mobile devices work. (MORE: Is Broadband Internet Access a Public Utility?) For several years, the Federal Communications Commission has been trying to figure out what to do with so-called &#8220;white spaces,&#8221; which are the slivers of wireless spectrum between the old analog TV channels. Everyone in the technical community has known that this spectrum would eventually become available when the TV industry transitioned from analog to digital. For years, the government has been jockeying with the major broadcasters, cable companies, telecom firms, and public interest groups about how best to allocate this spectrum. The FCC&#8217;s proposed solution is to hold what&#8217;s known as an &#8220;incentive<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=69819&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Tech Policy</primary_category><primary_category_link>http://business.time.com/category/technology-media/tech-policy/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/02/rtr2np40.jpg?w=240</featured_image>
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			<media:title type="html">Federal Communication Commission Chairman Julius Genachowski speaks at the Cable Show in Chicago</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>As the Dow Soars, How High Can Tech Stocks Go?</title>
		<link>http://business.time.com/2013/02/04/as-the-dow-soars-how-high-can-tech-stocks-go/</link>
		<comments>http://business.time.com/2013/02/04/as-the-dow-soars-how-high-can-tech-stocks-go/#comments</comments>
		<pubDate>Mon, 04 Feb 2013 14:00:06 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Wall Street & Markets]]></category>
		<category><![CDATA[War for the Web]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=69618</guid>
		<description><![CDATA[Last Friday, the Dow Jones Industrial Average &#8212; the benchmark stock index of America&#8217;s blue chip companies &#8211; closed above 14,000 for the first time since the financial meltdown sent the U.S. economy into the worst crisis in decades. The continued resurgence of the U.S. auto industry and growing optimism about the overall economy helped propel the Dow above the psychologically important 14,000 point level. The surging Dow is an indication of the increasing financial health of the largest American companies, a bright spot in an otherwise shaky U.S. economic recovery, particularly with respect to unemployment. America&#8217;s blue chip firms &#8212; including industrial giants, banks, and auto companies &#8212; are healthier than they&#8217;ve been in years. But what about the largest U.S. tech companies? Like the other major stock indices, the tech-heavy Nasdaq index is at or near multi-year highs. On Friday alone, the Nasdaq rose 1%, nearly touching the index&#8217;s five-year high, which it hit last September, driven in part by tech juggernaut Apple, which had just released the iPhone 5. But Wall Street sentiment has soured on Apple in recent months, somewhat tempering the Nasdaq&#8217;s continued ascent. (MORE: Apple Shares Plunge 10% on Slowing Growth, New Product Jitters) How high can tech stocks go? Given Apple&#8217;s size &#8212; it&#8217;s the largest tech company in the world &#8212; it makes sense to begin any forward-looking evaluation of the Nasdaq with the Cupertino, Calif.-based cash machine. Apple constitutes about 12% of the Nasdaq&#8217;s valuation, and there&#8217;s no question the company&#8217;s recent stock swoon has placed a drag on the tech-heavy index. Let&#8217;s take a look at Apple and three other important Nasdaq companies. Two weeks ago, for the third consecutive quarter, Apple fell short of analyst estimates, sending the company’s stock down 10% in after-hours trading, wiping out nearly $50 billion in shareholder value. Although it reported record financial results, Apple’s slowing growth rate has spooked investors, who are growing increasingly concerned about the next stage in the company’s epic story. Can Apple maintain its heretofore astonishing growth-rate on the back of existing products like the iPhone and<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=69618&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Technology &amp; Media</primary_category><primary_category_link>http://business.time.com/category/technology-media/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/02/rtr358q3.jpg?w=240</featured_image>
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			<media:title type="html">A man takes a photo outside the Nasdaq Market site in New York&#039;s Times Square</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>Apple Shares Plunge 10% on Slowing Growth, New Product Jitters</title>
		<link>http://business.time.com/2013/01/24/apple-shares-plunge-10-on-slowing-growth-new-product-jitters/</link>
		<comments>http://business.time.com/2013/01/24/apple-shares-plunge-10-on-slowing-growth-new-product-jitters/#comments</comments>
		<pubDate>Thu, 24 Jan 2013 13:00:48 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Wall Street & Markets]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[iPad]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[iPod]]></category>
		<category><![CDATA[Steve Jobs]]></category>
		<category><![CDATA[Tim Cook]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=68202</guid>
		<description><![CDATA[For years, Apple consistently beat Wall Street expectations, not only because the company habitually low-balled its financial projections, but also because it was growing at a rate and scale that was virtually unprecedented in the history of corporate America. It appears those days are over. For the third consecutive quarter, Apple, the world&#8217;s largest technology company, fell short of analyst estimates, sending the company&#8217;s stock down a whopping 10% in after-hours trading, wiping out nearly $50 billion in shareholder value. Although it reported record financial results, Apple&#8217;s slowing growth has raised questions about the next phase in the company&#8217;s evolution. (MORE: Apple Profit Surges 24% Ahead of Holiday Blowout; CEO Tim Cook Disses Microsoft) One thing is for sure: The numbers associated with Apple&#8217;s business are staggering. Apple sold 47.8 million iPhones and 22.9 million iPads during the holiday quarter, but both of those figures were about one million short of analyst expectations. The company generated profit of $13.1 billion, but that was flat compared to the year ago period &#8212; the company&#8217;s lowest rate of profit growth in a decade &#8212; in part because of higher production costs associated with new products. Revenue came in at $54.5 billion, an 18% increase over one year ago, but less than the $55 billion that analysts had been expecting. For the current quarter, Apple projected sales of between $41 billion and $43 billion, but that number also fell below the $45.6 billion that analysts had been expecting. That translates to revenue growth of about 7%, which is lower than the double-digit sales growth that Apple had enjoyed in recent years. The fundamental question facing Apple is whether its existing, wildly popular products like the iPhone and the iPad can continue to power revenue and profit growth, or whether it needs new, breakthrough products. After all, during his legendary career, Apple&#8217;s late co-founder Steve Jobs radically disrupted several industries with iconic products like the iPod, iPhone and iPad. (MORE: Apple Earnings Miss Wall Street Target as Buyers Wait for New iPhone) &#8220;It has been an overriding concern with Apple that<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=68202&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Apple</primary_category><primary_category_link>http://business.time.com/category/technology-media/apple/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/rtr3cuz3.jpg?w=240</featured_image>
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			<media:title type="html">The Apple logo is pictured at the company&#039;s flagship retail store in San Francisco, Calif., on Jan. 23, 2013.</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>Microsoft and Dell: A Match Made in Heaven or Hell?</title>
		<link>http://business.time.com/2013/01/24/microsoft-and-dell-a-match-made-in-heaven-or-hell/</link>
		<comments>http://business.time.com/2013/01/24/microsoft-and-dell-a-match-made-in-heaven-or-hell/#comments</comments>
		<pubDate>Thu, 24 Jan 2013 13:00:26 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Wall Street & Markets]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[Apple]]></category>
		<category><![CDATA[Dell]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[iPad]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[Michael Dell]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[Steve Ballmer]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=68198</guid>
		<description><![CDATA[Dell, the pioneering computer company that has struggled to match innovative mobile products from Apple, Google, and Samsung, is in talks to go private with help from prominent tech private equity firm Silver Lake Partners and software giant Microsoft, according to multiple reports. The deal, which would be valued at more than $20 billion, would be the largest leveraged buyout since the financial crisis, and would involve Microsoft kicking in as much as $3 billion. Michael Dell, the company&#8217;s multi-billionaire founder and CEO, clearly believes going private is in Dell&#8217;s interest; he would help finance the deal, along with several banks. For Dell, the pact would strengthen its relationship with a deep-pocketed and powerful ally at a time when the PC market has stumbled, as users gravitate to smartphones and tablets. Overall PC shipments in 2012 declined 3.2% from one year ago, with Dell&#8217;s sales decreasing by 21%, according to data from research firm IDC cited by the Wall Street Journal. By contrast, tablet sales jumped 72% in 2012 and will increase by 54% this year, according to JPMorgan data cited by Bloomberg. (MORE: Why Apple Is Winning: Innovation, Opportunity and Execution) &#8220;I suspect it is not about the financial income this might generate for Microsoft as much as helping Dell to remain in a long term competitive position and good partner to Microsoft,&#8221; Rick Sherlund, an analyst with Nomura Securities, told the Journal. As a private company, Dell would also be free from Wall Street analyst and investor pressure, which might give it the flexibility to make bolder bets. From Microsoft&#8217;s perspective, there is a certain amount of logic to participating in the deal. As the technology industry undergoes a structural shift toward mobile devices like smartphones and tablets, Apple&#8217;s iOS devices and Google&#8217;s Android devices have gobbled up market share. Microsoft&#8217;s Windows 8 operating system has not been as successful. Given the massive growth of Android, in particular, it is imperative that Microsoft lock in hardware partners for Windows 8. Microsoft reports earnings results after the stock market closes on Thursday. As<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=68198&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Technology &amp; Media</primary_category><primary_category_link>http://business.time.com/category/technology-media/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/rtr39khk.jpg?w=240</featured_image>
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			<media:title type="html">Michael Dell Chairman and CEO of Dell Inc arrives for the launch event of Windows 8 operating system in New York</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>Google and IBM Post Strong Earnings as the Tech Sector Heats Up</title>
		<link>http://business.time.com/2013/01/23/google-ibm-post-strong-results-in-a-positive-sign-for-the-tech-sector/</link>
		<comments>http://business.time.com/2013/01/23/google-ibm-post-strong-results-in-a-positive-sign-for-the-tech-sector/#comments</comments>
		<pubDate>Wed, 23 Jan 2013 13:00:51 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Google]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[cost-per-click]]></category>
		<category><![CDATA[Ginni Rometty]]></category>
		<category><![CDATA[Google Glass]]></category>
		<category><![CDATA[IBM]]></category>
		<category><![CDATA[Larry Page]]></category>
		<category><![CDATA[Sergey Brin]]></category>
		<category><![CDATA[services]]></category>
		<category><![CDATA[software]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=67703</guid>
		<description><![CDATA[Technology titans Google and IBM delivered surprisingly strong earnings results Tuesday, in a positive sign for the tech sector following several quarters of lackluster performance across the industry. Google showed progress addressing one of its key challenges: the steady migration of users to mobile search, which generates less ad revenue for the company than desktop search. Google reported strong revenue growth, in a sign that the overall online advertising market keeps growing, as marketers continue their seemingly inexorable shift away from traditional ad platforms &#8212; including print &#8212; and toward Internet advertising. Google shares soared 5% after the results were announced. IBM reported record profits, driven by the company&#8217;s ongoing, decade-long transition toward software and services, as net income increased by 6%. IBM&#8217;s results were propelled by what CEO Ginni Rometty called &#8220;higher-value businesses,&#8221; including cloud computing and data analytics. Because of IBM&#8217;s vast reach across the technology world, as well as its global footprint, the company is a closely watched bellwether for the overall health of the tech sector, and its results augur well for other companies, including Apple, which reports its results Wednesday. IBM shares jumped 4.3% after the results were announced. &#8220;Our performance in the fourth quarter and for the full year was driven by our strategic growth initiatives &#8212; growth markets, analytics, cloud computing, Smarter Planet solutions &#8212; which support our continued shift to higher-value businesses,” Rometty said in a statement. (MORE: Inside Google’s Terrible, Horrible, No Good, Very Bad Day) Google said that its net income increased 13% on revenue of $14.42 billion, a 36% increase over one year ago. &#8220;Overall it was a solid quarter for Google with the advertising business seeing healthy gains,&#8221; Jeffries &#38; Company analyst Brian Pitz said in a note to clients. In a conference call with analysts, Google CEO Larry Page touted the fact that Google hit $50 billion in revenues for the first time last year. &#8220;Not a bad achievement in just a decade and a half,&#8221; Page said. &#8220;In today’s multi-screen world we face tremendous opportunities as<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=67703&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Google</primary_category><primary_category_link>http://business.time.com/category/technology-media/google/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/rtr3c7s7.jpg?w=240</featured_image>
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			<media:title type="html">Google signage seen at the company&#039;s headquarters in New York.</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>Aaron Swartz&#8217;s Suicide Prompts MIT Soul-Searching</title>
		<link>http://business.time.com/2013/01/14/mit-orders-review-of-aaron-swartz-suicide-as-soul-searching-begins/</link>
		<comments>http://business.time.com/2013/01/14/mit-orders-review-of-aaron-swartz-suicide-as-soul-searching-begins/#comments</comments>
		<pubDate>Mon, 14 Jan 2013 13:00:21 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[Aaron Swartz]]></category>
		<category><![CDATA[Harvard]]></category>
		<category><![CDATA[JSTOR]]></category>
		<category><![CDATA[MIT]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=66652</guid>
		<description><![CDATA[The Massachusetts Institute of Technology has launched an internal investigation into the school&#8217;s involvement in the suicide of 26-year-old computer programmer and Internet activist Aaron Swartz, MIT&#8217;s president L. Rafael Reif said on Sunday. Swartz was accused of breaking into MIT&#8217;s computer system in order to access academic articles and make them available for free on the Internet. Before he died last Friday, Swartz, who was a well-known computer programmer — but not an MIT student — faced a 35-year prison sentence on federal data-theft charges for illegally downloading articles from the subscription-based academic research service JSTOR. Swartz had allegedly broken into a secure MIT computer closet on at least one occasion and hooked up a laptop in order to download JSTOR files, before he was arrested in 2011 by Cambridge, Mass., police. Swartz, who was considered one of the brightest young minds in tech activism, hanged himself on Friday night in his Brooklyn apartment. He had been struggling with depression for many years. Swartz&#8217;s partner, Taren Stinebrickner-Kauffman, was the first person to find him, according to the Wall Street Journal. There was no apparent suicide note, officials said. Swartz&#8217;s death cast a pall over the tech world and prompted soul-searching questions among policy experts and university officials — not to mention his grieving family and friends. Swartz’s passing triggered an outpouring of grief from those who knew him well, and the broader technology and Internet community. (MORE: Aaron Swartz, Tech Prodigy and Internet Activist, Is Dead at 26) MIT, one of the nation&#8217;s most prominent and respected universities, has come under criticism for its handling of the Swartz affair. In July 2011, JSTOR said it would drop any civil claims against Swartz. According to Lawrence Lessig, who runs Harvard University’s Edmond J. Safra Center for Ethics, where Swartz was a fellow in 2011, MIT fell short by not following JSTOR&#8217;s lead. As if that wasn&#8217;t enough, hours after MIT issued its statement on Sunday, the university&#8217;s website was disabled by unknown cyberassailants. The Tech, an MIT school newspaper, reported: &#8220;MIT’s network fell to a denial-of-service attack Sunday evening, allegedly by the Internet activist group called Anonymous,<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=66652&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Technology &amp; Media</primary_category><primary_category_link>http://business.time.com/category/technology-media/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/970_biz_aaron_swartz_0114.jpg?w=240</featured_image>
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			<media:title type="html">AARON SWARTZ</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>Is Broadband Internet Access a Public Utility?</title>
		<link>http://business.time.com/2013/01/09/is-broadband-internet-access-a-public-utility/</link>
		<comments>http://business.time.com/2013/01/09/is-broadband-internet-access-a-public-utility/#comments</comments>
		<pubDate>Wed, 09 Jan 2013 13:00:54 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Future of TV]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Hollywood]]></category>
		<category><![CDATA[Information Technology]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Music Industry]]></category>
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		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Telecom]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[AT&T]]></category>
		<category><![CDATA[Captive Audience]]></category>
		<category><![CDATA[Captive Audience: The Telecom Industry and Monopoly in the New Guilded Age]]></category>
		<category><![CDATA[Comcast]]></category>
		<category><![CDATA[digital divide]]></category>
		<category><![CDATA[regulatory capture]]></category>
		<category><![CDATA[Sprint]]></category>
		<category><![CDATA[Susan Crawford]]></category>
		<category><![CDATA[time warner cable]]></category>
		<category><![CDATA[Verizon]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=66067</guid>
		<description><![CDATA[Should broadband Internet service be treated as a basic utility in the United States, like electricity, water, and traditional telephone service? That&#8217;s the question at the heart of an important and provocative new book by Susan Crawford, a tech policy expert and professor at Cardozo Law School. In Captive Audience: The Telecom Industry and Monopoly in the New Guilded Age, released Tuesday by Yale University Press, Crawford argues that the Internet has replaced traditional phone service as the most essential communications utility in the country, and is now as important as electricity was 100 years ago. &#8220;Truly high-speed wired Internet access is as basic to innovation, economic growth, social communication, and the country&#8217;s competitiveness as electricity was a century ago,&#8221; Crawford writes, &#8220;but a limited number of Americans have access to it, many can&#8217;t afford it, and the country has handed control of it over to Comcast and a few other companies.&#8221; Because the U.S. government has allowed a small group of giant, highly profitable companies to dominate the broadband market, Crawford argues, American consumers have fewer choices for broadband service, at higher prices but lower speeds, compared to dozens of other developed countries, including throughout Europe and Asia. &#8220;In Seoul, when you move into an apartment, you have a choice of three or four providers selling you symmetric fiber access for $30 per month, and installation happens in one day,&#8221; Crawford told TIME in an interview Tuesday. &#8220;That&#8217;s unthinkable in the United States. And the idea that the country that invented the Internet can&#8217;t get online is beyond my imagination.&#8221; Crawford, who has been a visiting professor at Harvard, Yale and Michigan, spent a year on the National Economic Council as a top telecommunications advisor to President Obama. In her book, she directs much of the blame for the sorry state of the U.S. broadband market at the federal government. &#8220;Instead of ensuring that everyone in America can compete in a global economy,&#8221; she writes, &#8220;instead of narrowing the divide between rich and poor, instead of supporting competitive free markets for American inventions that use information &#8212; instead, that is, of ensuring that America will<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=66067&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Tech Policy</primary_category><primary_category_link>http://business.time.com/category/technology-media/tech-policy/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/crawford-susan.jpg?w=240</featured_image>
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			<media:title type="html">Crawford, Susan</media:title>
		</media:content>

		<media:content url="http://0.gravatar.com/avatar/60187828ab0bda2734e1a17a173fabde?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">shgustin</media:title>
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		<title>Google Brings Free Public WiFi to Its New York City Neighborhood</title>
		<link>http://business.time.com/2013/01/09/google-brings-free-public-wifi-to-its-new-york-city-neighborhood/</link>
		<comments>http://business.time.com/2013/01/09/google-brings-free-public-wifi-to-its-new-york-city-neighborhood/#comments</comments>
		<pubDate>Wed, 09 Jan 2013 10:45:08 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Future of TV]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[Charles Schumer]]></category>
		<category><![CDATA[Chrtistine Quinn]]></category>
		<category><![CDATA[Internet]]></category>
		<category><![CDATA[Michael Bloomberg]]></category>
		<category><![CDATA[New York City]]></category>
		<category><![CDATA[WiFi]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=66241</guid>
		<description><![CDATA[Tech giant Google announced Tuesday that it has begun offering free public WiFi internet access in the southwest Chelsea neighborhood of New York City, close to its mammoth headquarters. According to Google, the new service &#8212; which was the product of a public-private effort by the company, city officials, and a local nonprofit development ogranization &#8211; will provide free Internet access to hundreds of thousands of people each year, making it the largest such WiFi network in New York City. Google said that free WiFi is now available &#8212; today &#8212; outdoors, &#8220;roughly between Gansevoort St. and 19 St. from 8th Ave to the West Side Highway, as well as the neighborhood’s public spaces, including the Chelsea Triangle, 14th Street Park, and Gansevoort Plaza.&#8221; The WiFi network will not require a password. “Google is proud to provide free WiFi in the neighborhood we have called home for over six years,&#8221; Ben Fried, the company&#8217;s chief information officer, said in a statement. &#8220;This network will not only be a resource for the 2,000+ residents of the Fulton Houses, it will also serve the 5,000+ student population of Chelsea as well as the hundreds of workers, retail customers and tourists who visit our neighborhood every day.&#8221; (MORE: Is Broadband Internet Access a Public Utility like Electricity and Water?) New York officials praised Google&#8217;s move, calling it a another step toward the city&#8217;s ambitious goal of becoming one of the most important technology hubs in the world. “New York is determined to become the world’s leading digital city, and universal access to high-speed Internet is one of the core building blocks of that vision,” New York City Mayor Michael Bloomberg said in a statement. “Thanks to Google, free WiFi across this part of Chelsea takes us another step closer to that goal.” At a press conference, Bloomberg said that he&#8217;d ultimately like to see similar WiFi service throughout the city. Since moving into 111 Eighth Avenue, the former Port Authority building and one of the most important “telecom carrier hotels” on the East Coast, Google has been working with local<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=66241&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Google</primary_category><primary_category_link>http://business.time.com/category/technology-media/google/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/rtr3c7s7.jpg?w=240</featured_image>
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			<media:title type="html">Google signage seen at the company&#039;s headquarters in New York.</media:title>
		</media:content>

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			<media:title type="html">shgustin</media:title>
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		<title>What Google&#8217;s FTC Deal Means for the Patent Wars</title>
		<link>http://business.time.com/2013/01/07/what-googles-ftc-deal-means-for-the-patent-wars/</link>
		<comments>http://business.time.com/2013/01/07/what-googles-ftc-deal-means-for-the-patent-wars/#comments</comments>
		<pubDate>Mon, 07 Jan 2013 13:00:23 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Apple]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Information Technology]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Patent Wars]]></category>
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		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[Android]]></category>
		<category><![CDATA[Blackberry]]></category>
		<category><![CDATA[Federal Trade Commission]]></category>
		<category><![CDATA[FRAND]]></category>
		<category><![CDATA[FTC]]></category>
		<category><![CDATA[intellectual property]]></category>
		<category><![CDATA[iPad]]></category>
		<category><![CDATA[iPhone]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[Motorola]]></category>
		<category><![CDATA[patent]]></category>
		<category><![CDATA[patent law]]></category>
		<category><![CDATA[patents]]></category>
		<category><![CDATA[research in motion]]></category>
		<category><![CDATA[Xbox]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=65945</guid>
		<description><![CDATA[Google&#8216;s landmark deal with the U.S. government, which was announced last week and ends a two-year federal investigation, has gotten a lot of attention, primarily for the Federal Trade Commission&#8217;s conclusion that Google has not violated antitrust law. But the second component of the pact, in which Google agreed to grant rivals access to certain basic technology patents, is worth scrutiny as well, because it could have important ramifications in the ongoing intellectual property wars that have roiled the technology industry over the last several years. During a press conference, FTC chairman Jon Leibowitz asserted that the patent agreement with Google could serve as a &#8220;template&#8221; for other patent disputes, and could reduce patent litigation &#8212; and litigation costs &#8212; for companies throughout the tech industry. That, of course, would be a good thing, because there is general agreement among tech and legal experts that there is something seriously wrong with the current U.S. intellectual property system, at least with respect to technology patents. Several of the largest tech companies in the world &#8212; including Apple, Google, and Samsung &#8212; are engaged in very costly and time-consuming patent litigation in multiple jurisdictions around the world. And in a remarkable milestone, last year Apple and Google spent more money on intellectual property &#8212; both litigation and defensive acquisitions &#8212; than on research and development. (MORE: Google’s Federal Antitrust Deal Cheered by Some, Jeered by Others) Google&#8217;s $12.5 billion acquisition of Motorola Mobility was one such defensive acquisition &#8212; Google bought the company in part for its vast stable of some 17,000 tech patents &#8212; and that purchase is at the center of the FTC&#8217;s deal with the search giant. In the tech world, there is a certain category of patents called &#8220;standard-essential patents,&#8221; which cover widely used technologies based on industry standards that allow high-tech devices to work together. &#8220;These essential patents and others like them are the cornerstone of the system of interoperability standards that ensure that wireless internet devices and mobile phones can talk to each other,&#8221; Leibowitz said. For example, Motorola owns standard-essential<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=65945&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	<primary_category>War for the Web</primary_category><primary_category_link>http://business.time.com/category/technology-media/war-for-the-web/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/rtr2yuel.jpg?w=240</featured_image>
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			<media:title type="html">The Federal Trade Commission building is seen in Washington</media:title>
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		<media:content url="http://0.gravatar.com/avatar/60187828ab0bda2734e1a17a173fabde?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">shgustin</media:title>
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		<title>Google&#8217;s Federal Antitrust Deal Cheered by Some, Jeered by Others</title>
		<link>http://business.time.com/2013/01/04/googles-federal-antitrust-deal-cheered-by-some-jeered-by-others/</link>
		<comments>http://business.time.com/2013/01/04/googles-federal-antitrust-deal-cheered-by-some-jeered-by-others/#comments</comments>
		<pubDate>Fri, 04 Jan 2013 13:00:04 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Google]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Patent Wars]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[antitrust]]></category>
		<category><![CDATA[Federal Trade Comission]]></category>
		<category><![CDATA[FTC]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[monopoly]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=65771</guid>
		<description><![CDATA[The U.S. government&#8217;s decision not to file an antitrust lawsuit against Google is a major victory for the search giant, which has been under investigation by the Federal Trade Commission for nearly two years. After what FTC chairman Jon Leibowitz described as &#8220;an incredibly thorough and careful investigation,&#8221; the five commissioners concluded unanimously that they lacked sufficient evidence to charge Google with antitrust violations, in a vindication for legal experts and industry observers who argued repeatedly that the FTC&#8217;s case was weak. The settlement between Google and the FTC, announced Thursday, represents a bitter blow to several of the search giant&#8217;s rivals, including Microsoft, that have been urging government action against the search titan for several years. There is no doubt that Google is dominant. The Web titan based in Mountain View, Calif., accounted for 74.5% of all U.S. search advertising revenues in 2012, according to research firm eMarketer. By contrast, Microsoft&#8217;s share of U.S. search advertising revenues reached just 8% in 2012. Google&#8217;s critics have alleged that the company unfairly demotes rivals in its search-engine results in order to steer users toward Google’s own competing products. But as legal experts have observed, a monopoly in a given market is not, by itself, illegal. What’s illegal is seeking to achieve or maintain a monopoly through anticompetitive practices. And after a long and in-depth investigation — the FTC reviewed more than 9 million pages of documents — federal regulators charged with policing antitrust abuses concluded that Google has not violated U.S. antitrust law. (MORE: In Major Victory, Google Dodges Federal Antitrust Lawsuit with FTC Deal) Reasonable people can and do disagree about whether Google&#8217;s conduct has been anticompetitive, especially with respect to its effort to leverage its Web dominance to make inroads in search verticals such as travel, dining and shopping. And the debate over Google&#8217;s search market power will no doubt continue for years. But as a matter of federal law and policy, this issue is over, at least for now. &#8220;Even though people would like us to bring a big search-bias case, the<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=65771&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Tech Policy</primary_category><primary_category_link>http://business.time.com/category/technology-media/tech-policy/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/158914455.jpg?w=240</featured_image>
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			<media:title type="html">image: U.S. Federal Trade Commission Chairman Jon Leibowitz speaks during a news conference regarding the agency&#039;s 21-month-long investigation on Google January 3, 2013 at the FTC headquarters in Washington, DC.</media:title>
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		<media:content url="http://0.gravatar.com/avatar/60187828ab0bda2734e1a17a173fabde?s=96&#38;d=http%3A%2F%2F0.gravatar.com%2Favatar%2Fad516503a11cd5ca435acc9bb6523536%3Fs%3D96&#38;r=G" medium="image">
			<media:title type="html">shgustin</media:title>
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		<title>In Major Victory, Google Dodges Federal Antitrust Lawsuit with FTC Deal</title>
		<link>http://business.time.com/2013/01/02/google-set-to-dodge-federal-antitrust-lawsuit-with-ftc-deal-report/</link>
		<comments>http://business.time.com/2013/01/02/google-set-to-dodge-federal-antitrust-lawsuit-with-ftc-deal-report/#comments</comments>
		<pubDate>Thu, 03 Jan 2013 04:50:43 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Google]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[antitrust]]></category>
		<category><![CDATA[Federal Trade Comission]]></category>
		<category><![CDATA[FTC]]></category>
		<category><![CDATA[Microsoft]]></category>
		<category><![CDATA[Yelp]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=65652</guid>
		<description><![CDATA[Internet search giant Google has agreed to make voluntary changes to its search business in order to avoid a major federal antitrust lawsuit after a nearly two-year government investigation. The agreement, which was expected, wraps up the Federal Trade Commission&#8217;s probe into whether Google has used its search market power to harm rivals unfairly. &#8220;The conclusion is clear,&#8221; David Drummond, Google&#8217;s senior vice president and chief legal officer, said in a blog post. &#8220;Google’s services are good for users and good for competition.&#8221; A group of Google&#8217;s competitors, including Microsoft and Yelp, had been lobbying the government for several years in an effort to prod federal officials to go after the search giant on antitrust grounds. Google dominates the Web search space, with about 70% market share. Google&#8217;s agreement with the feds, which was announced Thursday, is a significant blow to its rivals, some of which were hoping the federal government would file a high-profile lawsuit against the company, as it did with Microsoft in the 1990s. (MORE: Six Tech/Media Stories to Watch in 2013) As part of the deal, Google will make a set of voluntary commitments to change certain search practices. The company will also enter into what&#8217;s known as a consent decree &#8212; which is a binding judicial order &#8212; over allegations that it misused smartphone patents to thwart rivals. &#8220;The changes Google has agreed to make will ensure that consumers continue to reap the benefits of competition in the online marketplace and in the market for innovative wireless devices they enjoy,&#8221; FTC Chairman Jon Leibowitz said in a statement. &#8220;This was an incredibly thorough and careful investigation by the Commission, and the outcome is a strong and enforceable set of agreements.&#8221; The group FairSearch.org, which represents several Google rivals, including Microsoft, warned the FTC against moving too hastily, because the agency&#8217;s European regulatory counterparts are still crafting their plan to address Google&#8217;s search market power. &#8220;If the FTC fails to take decisive action to end Google’s anti-competitive practices, and locks itself out of any remedies to Google’s conduct that are offered in Europe later<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=65652&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Tech Policy</primary_category><primary_category_link>http://business.time.com/category/technology-media/tech-policy/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/rtr38dpr.jpg?w=240</featured_image>
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			<media:title type="html">Google Executive Chairman Schmidt speaks at a promotional event for Nexus 7 tablet in Tokyo</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>2013: Six Tech/Media Stories to Watch</title>
		<link>http://business.time.com/2013/01/02/tech-and-media-6-business-predictions-for-2013/</link>
		<comments>http://business.time.com/2013/01/02/tech-and-media-6-business-predictions-for-2013/#comments</comments>
		<pubDate>Wed, 02 Jan 2013 10:45:27 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Facebook]]></category>
		<category><![CDATA[Future of TV]]></category>
		<category><![CDATA[Google]]></category>
		<category><![CDATA[Hollywood]]></category>
		<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Patent Wars]]></category>
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		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[Venture Capital]]></category>
		<category><![CDATA[War for the Web]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=65452</guid>
		<description><![CDATA[In 2013, most tech consumers will be asking if it&#8217;s smart to buy a new computer, smartphone, or tablet device. As the structural shift from desktop to mobile computing races forward, hardware and software manufacturers are searching for an integrated solution. Apple and Google lead the pack on the software front &#8212; even as their surrogates engage in costly and time-consuming patent litigation around the world. Samsung (a key Google partner) is the global handset leader. Apple makes the best-designed consumer devices in the world. Here are six tech/media predictions for 2013. Google Will Settle Antitrust Probe With the Feds &#8212; It&#8217;s time for this nearly two-year investigation to end. As I wrote three months ago, the federal government’s probe of Internet search giant Google will most likely conclude with a settlement that averts a major lawsuit. The Federal Trade Commission has been exploring whether Google has used its search power &#8212; 70% market share &#8212; to harm rival companies unfairly. Google has offered a set of voluntary concessions addressing complaints about its search practices. But after European officials said that they were preparing even harsher sanctions for Google, the FTC punted the probe into this year (2013). If Google and the feds reach a deal, it would represent a huge victory for Google, and a major defeat for the companies that have accused it of acting unfairly. (MORE: Will Google Escape a Federal Antitrust Lawsuit Over Web Search?) Patent Progress Continues &#8211; Isn&#8217;t it just about time for the patent wars to end? Consumers want to see tech giants Apple, Google, and Samsung compete in the marketplace fair-and-square, not bicker in courtrooms around the world. The real winners of the patent wars are the $1,000-per-hour lawyers who represent these global behemoths around the world. For the first time, Apple and Google spent more last year on intellectual property than research and development. That&#8217;s not a good sign. Apple’s $1 billion victory over Google&#8217;s key Android partner Samsung in August was the most decisive victory in Apple’s patent proxy war against Google. Is patent peace possible? It’s worth noting that neither Apple CEO Tim Cook nor Google CEO<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=65452&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Technology &amp; Media</primary_category><primary_category_link>http://business.time.com/category/technology-media/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2013/01/rtr3azr9-1.jpg?w=240</featured_image>
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			<media:title type="html">New York City Mayor Michael Bloomberg and Senator Charles Schumer  arrive at a joint news conference on Hurricane Sandy Federal Aid Request on Capitol Hill</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>Lessons from Facebook&#8217;s Instagram Photo Flap</title>
		<link>http://business.time.com/2012/12/20/lessons-from-facebooks-instagram-photo-flap/</link>
		<comments>http://business.time.com/2012/12/20/lessons-from-facebooks-instagram-photo-flap/#comments</comments>
		<pubDate>Thu, 20 Dec 2012 15:00:32 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Media]]></category>
		<category><![CDATA[Mobile]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[Twitter]]></category>
		<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[facebook]]></category>
		<category><![CDATA[Instagram]]></category>
		<category><![CDATA[Kevin Systrom]]></category>
		<category><![CDATA[Mark Zuckerberg]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=64715</guid>
		<description><![CDATA[If you don&#8217;t follow tech news, you may have missed a bit of a kerfuffle this week involving Instagram, the popular photo service purchased by Facebook for $1 billion in April. Earlier in the week, Instagram announced plans to share your photos with advertisers, in some cases without notice or compensation. Instagram&#8217;s goal was clear: the service has tens of millions of users, but like its parent company Facebook (which has 1 billion users), Instagram is looking for ways to make money off of its users&#8217; content, in this case photos. Keep in mind that at the time Facebook bought Instagram, it was generating zero revenue. Here&#8217;s the language in Instragram&#8217;s proposed policy that set off alarm bells: To help us deliver interesting paid or sponsored content or promotions, you agree that a business or other entity may pay us to display your username, likeness, photos (along with any associated metadata), and/or actions you take, in connection with paid or sponsored content or promotions, without any compensation to you. Legal experts and privacy advocates expressed alarm at Instagram&#8217;s proposed policy. &#8220;This is all uncharted territory,&#8221; Jay Edelson, a partner at the Chicago law firm Edelson McGuire, told Reuters. &#8220;If Instagram is to encourage as many lawsuits as possible and as much backlash as possible then they succeeded.&#8221; Even Facebook CEO Mark Zuckerberg&#8216;s wedding photographer was angry about Instagram&#8217;s plans. Instagram&#8217;s users rebelled with a ferver that was dramatic even by the standards of the Internet, where barely a day goes by without an outraged backlash to some injustice, real or imagined. (Some users were even under the impression that Instragram planned to sell your photos to third parties, which turned out not to be the case.) In short order, Instagram backed off, apologized, and said it would change its proposed policies to address the criticism. &#8220;To be clear: it is not our intention to sell your photos,&#8221; Instagram founder Kevin Systrom wrote. &#8220;We are working on updated language in the terms to make sure this is clear.&#8221; (MORE: A Bunch of Tech Things People Have Threatened<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=64715&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Silicon Valley</primary_category><primary_category_link>http://business.time.com/category/technology-media/silicon-valley/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/12/rtr3b9qr.jpg?w=240</featured_image>
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			<media:title type="html">Kevin Systrom, Chief Executive of Instagram, the popular photo-sharing app now owned by Facebook speaks during an interview with Reuters at the LeWeb technology conference in Aubervilliers</media:title>
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			<media:title type="html">shgustin</media:title>
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		<title>Will Google Escape a Federal Antitrust Lawsuit Over Web Search?</title>
		<link>http://business.time.com/2012/12/18/will-google-escape-a-federal-antitrust-lawsuit-over-web-search/</link>
		<comments>http://business.time.com/2012/12/18/will-google-escape-a-federal-antitrust-lawsuit-over-web-search/#comments</comments>
		<pubDate>Tue, 18 Dec 2012 14:00:06 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Google]]></category>
		<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Tech Policy]]></category>
		<category><![CDATA[Technology & Media]]></category>
		<category><![CDATA[War for the Web]]></category>
		<category><![CDATA[antitrust]]></category>
		<category><![CDATA[Federal Trade Commission]]></category>
		<category><![CDATA[Frank X. Shaw]]></category>
		<category><![CDATA[FTC]]></category>
		<category><![CDATA[Jill Hazelbaker]]></category>
		<category><![CDATA[Mark Penn]]></category>
		<category><![CDATA[Microsoft]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=64546</guid>
		<description><![CDATA[The end is near! No, we&#8217;re not talking about the Mayan apocalypse, but rather the federal government&#8217;s nearly two-year antitrust investigation of Internet search giant Google. The Federal Trade Commission and the Web titan are nearing a deal that would end the government&#8217;s probe into allegations that Google has used its search market power to harm rival companies unfairly, according to multiple reports. Google is poised to offer a set of voluntary concessions addressing complaints about its search practices, according to a D.C. source familiar with the matter. The agreement, which would mean that the FTC will not file a lawsuit against Google, would represent a huge victory for Google, and a major defeat for those rivals that have accused it of acting unfairly. A resolution to the FTC&#8217;s probe could come as early as this week. Google will reportedly announce voluntary changes to the way it uses so-called “snippets” of user reviews in a number of consumer areas including travel and restaurants, in order to address complaints from rivals like Yelp and TripAdvisor, according to Politico. The search giant will also make it easier for its advertisers to use certain data on rival search engines like Microsoft Bing, Politico said. Google and the FTC have been in talks for several weeks about avoiding full-on federal litigation. Google had been facing the prospect of an FTC lawsuit, in what would have been the most dramatic antitrust action taken by the U.S. government against a major technology company since the Department of Justice sued Microsoft in the 1990s. In recent weeks, federal officials have reportedly begun to waver about the strength of a possible antitrust lawsuit against Google. (For more details on the potential weaknesses of the FTC&#8217;s case, please see here.) (MORE: Google CEO Meets with Feds as U.S. Senator Blasts FTC Over Antitrust Probe) As Google has come to dominate the Internet search space &#8212; with about 70% market share &#8212; several of its competitors have urged federal action against the tech giant. The anti-Google coalition includes the FairSearch consortium, which includes several of Google’s<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=64546&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Tech Policy</primary_category><primary_category_link>http://business.time.com/category/technology-media/tech-policy/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/12/rtr39qox.jpg?w=240</featured_image>
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			<media:title type="html">Google&#039;s Executive Chairman Eric Schmidt poses prior to a meeting at the Culture Ministry in Paris</media:title>
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		<title>Hey New Yorkers, Are You Ready to Hail a Taxi With Your iPhone?</title>
		<link>http://business.time.com/2012/12/14/hey-new-yorkers-are-you-ready-to-hail-a-taxi-with-your-iphone/</link>
		<comments>http://business.time.com/2012/12/14/hey-new-yorkers-are-you-ready-to-hail-a-taxi-with-your-iphone/#comments</comments>
		<pubDate>Fri, 14 Dec 2012 13:00:17 +0000</pubDate>
		<dc:creator>Sam Gustin</dc:creator>
				<category><![CDATA[Silicon Valley]]></category>
		<category><![CDATA[Start-Ups]]></category>
		<category><![CDATA[Transportation]]></category>
		<category><![CDATA[Michael Bloomberg]]></category>
		<category><![CDATA[New York City]]></category>
		<category><![CDATA[Taxi and Limousine Commission]]></category>
		<category><![CDATA[TLC]]></category>
		<category><![CDATA[Travis Kalanick]]></category>
		<category><![CDATA[Uber]]></category>

		<guid isPermaLink="false">http://business.time.com/?p=64193</guid>
		<description><![CDATA[New York City regulators have approved a pilot project to test the viability of smartphone-based taxi cab hailing. The decision comes after months of wrangling between city government and upstart transportation firms, most notably Uber. New York City Mayor Michael Bloomberg has fashioned himself as a tech champion, and he wants to cement his legacy as one of New York City&#8217;s greatest mayors. The pilot program, which is designed to test out the process in a city of eight million people, is a significant step forward for New York. Official support was overwhelming. The Taxi and Limousine Commission voted 7-0 in favor of the one-year pilot project. There were two abstentions. The test-run begins on February 15th. For the last several months, Uber CEO Travis Kalanick has been waging a campaign aimed at NYC officials, whose options have been limited by the city&#8217;s contract with in-taxi digital payment processor Verifone and other companies. (Uber’s payment model is credit card only, no cash.) Uber won an incremental but substantial victory Thursday; but remember, the newly-announced pilot program is just a test. NYC officials are pleased. &#8221;This is an exciting day for taxi riders,” Taxi and Limousine Commission Chairman David Yassky said in a statement. “It’s the TLC’s job to represent passengers, and when new technology comes along, we want to make sure it’s available to them.  New York City is known for embracing innovation, and we’ve certainly done that today.” (MORE: Uber: Silicon Valley App-Hailing Startup Takes On NYC Taxi Industry) After February 15, 2013, New Yorkers will be able to “e-hail” taxicabs using their smartphones. Taxi riders south of 59th Street will be able to hail any cab within a half-mile radius; elsewhere in the city, they can hail cabs that are up to a mile-and-a-half away, according to officials. &#8220;Mayor Mike Bloomberg — himself a technology pioneer who saw how a storied old industry needed to be reinvented for a digital age — pushed for changes,&#8221; Kalanick said in a statement. &#8220;And his Taxi and Limousine chief, David Yassky, got it done.&#8221; San Francisco-based startup Uber offers<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=business.time.com&#038;blog=31173800&#038;post=64193&#038;subd=timebusinessblog&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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	<primary_category>Transportation</primary_category><primary_category_link>http://business.time.com/category/companies-industries/transportation-companies-industries/</primary_category_link><featured_image>http://timebusinessblog.files.wordpress.com/2012/12/biz-nyc-taxi-1214.jpg?w=240</featured_image>
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			<media:title type="html">image: A taxi drives down a street in New York City, Sept. 4, 2012.</media:title>
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			<media:title type="html">shgustin</media:title>
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