Joyce Berg Interview

The Motley Fool interviews Joyce Berg, director of the Iowa Electronic Markets:

The Iowa Electronic Markets are real-money futures markets in which contract payoffs depend on economic and political events such as elections. These markets are operated by faculty at the University of Iowa Tippie College of Business as part of our research and teaching mission.

Interesting stuff.

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.

Sonoma Apple Farmer on their declining market

George Snyder:

Walker and his extended family — kids and grandkids who help him with the annual apple harvest, which is just winding to a close — are among the last of a hardy breed who for decades put Sebastopol and the fertile hills surrounding the town on the map as the apple capital of the world.
“Thousands of tons of apples used to be shipped out of Sebastopol all across the country,” said Walker, who produces about a thousand tons and 25 varieties of the fruit annually, 70 percent of it processed into juice or vinegar and apple sauce, with the rest sold as fresh fruit. “I grew up with my dad raising apples,” he added, “and it’s very difficult to keep up changing amid all the changes. There’s been a tremendous change in the last 15 years in terms of keeping up with regulations and agriculture and the markets,” he said.
“There used to be a lot of people to sell to, like food stores, but a lot of the chains have consolidated and often demand more volume than many growers can provide. There’s been a disruption of the whole industry,” he said.

Save Obsolete Business Models of the Traditional Phone Companies

From “the Empire Strikes Back” department, Tuesday’s tri-cities referendum on a municipal fiber to the home plan for three Illinois cities (Batavia, Geneva and St. Charles) was defeated, largely, according to Northwestern Business Professor James Carlini by a massive misinformation campaign, funded by the incumbent telco’s:

?According to SBC and Comcast, virtually 100 percent of the region can sign up for DSL and access the Internet via cable modems. In addition, T-1 service is available to businesses throughout the Tri-Cities over existing telephone lines and wireless service is available from several dealers.?
T-1 service has been around for years. To be accurate, the first T-1 circuit was put into service for Illinois Bell in 1963 in Skokie, Ill. We?re not talking about what could be available today. People aren?t looking for 1.544-megabit service if 10-gigabit service is available.
Bast?s small knowledge of network technology seems to have been spoon fed to him by SBC and Comcast. His arguments lack depth of knowledge and it?s very clear from his position paper that he doesn?t know much about fiber-optic capabilities once they are in place.

Carlini also notes that local journalists ran with the wrong message… Read the article here. James Carlini links. Working on the road recently, a group adjacent to me was discussing Verizon’s larger than expected subscription success of their fiber to the home initiative….. Our politicians need to push the SBC’s of the world, or more practically, truly open the networks we all paid for.

SBIR – A Source of Funds for Small Businesses

Elizabeth Olson summarizes the federal government’s SBIR programs:

But for high-technology entrepreneurs, there is another source of financing that can be as generous as it is little known: grants from the federal government’s Small Business Innovative Research Program.
The biggest fund, by far, is run by the Defense Department, which parcels out some $1 billion a year to independent companies with fewer than 500 employees. The goal is to stimulate research into novel technologies that can benefit military operations, but with a twist. The department is not paying for exclusivity for the ideas it finances; rather, it wants those ideas to go commercial as quickly as possible to assure a stream of reliable and cost-effective suppliers.
Martin Klein is one of its emerging success stories – at least that is what he hopes. A chemical engineer by training, Mr. Klein has spent 40 years in the battery and fuel-cell business. In 1970, he founded the Energy Research Corporation, since renamed Fuel Cell Energy Inc., and later sold his stake in it. Today, it employs 500 people.
Then, in 1992, he founded Electro Energy Inc. to develop batteries for the military, and that same year submitted a proposal for a grant for research into what he calls a rechargeable bipolar nickel-metal-hydride battery. What sets it apart from traditional batteries, Mr. Klein says, is its design, which stacks thin flat wafer cells atop one another to improve the flow of current while taking up less space. His eventual aim, he says, is to produce a battery that is 30 percent smaller and cheaper than conventional batteries yet provides 50 percent more power.
The Defense Department, which is always on the prowl for better batteries, particularly for its communications equipment and aircraft, liked his idea. It awarded him $50,000.