Lessig @ Bloggercon

Larry Lessig welcomed Bloggercon participants to Stanford Law School this morning with a useful comment (I’m paraphrasing):

“In normal times, people come to univerisities to learn things, these are extraordinary times: Universities, Chicago, Harvard, Northwestern don’t have a clue – we need to go out and find things.

Check the bloggercon site for mp3’s later.

Lands End Parent Sears Stock Jumps on Vornado’s Ownership Disclosure

Dodgeville based Lands End parent Sears’ stock rose 23% today based on news that Vornado Realty Trust has acquired a 4.3% in the retailer, in an apparent real estate play, according to Constance L. Hays:

In July, Vornado began buying Sears stock as well as derivatives held by a bank. Its move seemed to suggest that Sears might be worth more as a collection of real estate holdings than as a purveyor of clothing, housewares and other goods. Sears owns about 60 percent of its 870 Sears stores, a spokesman said, and leases the rest. There are also 1,100 independently owned and operated outlets for appliances and tools.