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Maybe It’s Time to Change Credit Cards

On Thursday, the first of a set of new rules went into effect resulting from the landmark credit card legislation earlier this year.

Banks must now provide written notice to customers 45 days before increasing the interest rate or changing the terms on a card. So banks raced to get out in front of that requirement, making a bunch of changes before Thursday, lest they have to give you a month and a half of warning.

Irritated by the changes? Inclined to take your business elsewhere now? This is exactly the right instinct, since plenty of people can still get a better deal from a different card. Fee-free balance transfers still exist. And banks have barely touched the most lucrative rewards programs — and wouldn’t dare fiddle too much given the revenue they generate.

The best revenge is a better card. Here’s how to find one.

» NY Times [ Contribute: submit link / submit article ]

Read it quick: this article will self-destruct in eight hours.

Computing and communicating through the Web makes it virtually impossible to leave the past behind. College Facebook posts or pictures can resurface during a job interview; a lost or stolen laptop can expose personal photos or messages; or a legal investigation can subpoena the entire contents of a home or work computer, uncovering incriminating or just embarrassing details from the past.

Vanish is a research system designed to give users control over the lifetime of personal data stored on the web or in the cloud. Specifically, all copies of Vanish encrypted data — even archived or cached copies — will become permanently unreadable at a specific time, without any action on the part of the user or any third party or centralized service.

For example, using the Firefox Vanish plugin, a user can create an email, a Google Doc document, a Facebook message, or a blog comment — specifying that the document or message should "vanish" in 8 hours. Before that 8-hour timeout expires, anyone who has access to the data can read it; however after that timer expires, nobody can read that web content — not the user, not Google, not Facebook, not a hacker who breaks into the cloud service, and not even someone who obtains a warrant for that data. That data — regardless of where stored or archived prior to the timeout — simply self-destructs and becomes permanently unreadable.

» Vanish / Washington edu [ Contribute: submit link / submit article ]

U.S. Enters Recovery as Stimulus Refutes Skeptics

Recovery from the worst recession since the 1930s has begun as President Barack Obama’s fiscal stimulus -- derided as insufficient and budget-busting months ago -- takes effect, a survey of economists indicated.

The economy will expand 2 percent or more in four straight quarters through June, the first such streak in more than four years, according to the median of 53 forecasts in the monthly Bloomberg News survey. Analysts lifted their estimate for the third quarter by 1.2 percentage points compared with July, the biggest such boost in surveys dating from May 2003.

» Bloomberg [ Contribute: submit link / submit article ]

The Whole Foods Alternative to ObamaCare

While we clearly need health-care reform, the last thing our country needs is a massive new health-care entitlement that will create hundreds of billions of dollars of new unfunded deficits and move us much closer to a government takeover of our health-care system. Instead, we should be trying to achieve reforms by moving in the opposite direction—toward less government control and more individual empowerment. Here are eight reforms that would greatly lower the cost of health care for everyone

» WSJ [ Contribute: submit link / submit article ]

Apple: Secrecy Does Not Scale

Apple is justifiably revered in the worlds of technology and culture for creating one of the most powerful brands in the world based on the combination of some key elements: Great user experience and design, and an extraordinary secrecy punctuated by surprising reveals. But the element of secrecy that's been required to maintain Apple's mystique has incurred an increasingly costly price. Apple must transform itself and leave its history of secrecy behind, not just to continue being innovative and to protect the fundamentals of its business, but because the cost of keeping these secrets has become morally and ethically untenable.

» Anil Dash [ Contribute: submit link / submit article ]

Google Engineering Director Spells Out Vision for the Future of Digital Books

Google Books engineering director Dan Clancy spelled out the vision at a talk at the Computer History Museum in Mountain View. Clancy stressed the importance of making it possible to buy the digital books in traditional bricks-and-mortar bookstores, as well as online.

"Right now the physical bookstores are a critical part of our book ecosystem," he said. "A huge amount of books are bought because people go into a physical bookstore and say, hey I want this, I want that. It's a mistake if we think of our future digital world as digital means online and physical means offline. Because if that happens and 10 percent of the world goes digital, that's going to be really hard for all the bookstores to sustain their business model."

Dan Clancy comments:

People look at the settlement [with the Authors Guild and the AAP] and think that that is Google's vision for what the future looks like for books. And in fact the settlement is what we figured out for these predominantly out-of-print books, so it's more about the past. And in fact we've done a lot of thinking about what is the role we want to play going forward in a digital book world, for new books.

There are [three] things we put as requirements.

One is I believe people want their books stored in the cloud.... For most people, your library is something that you don't pull books off all that often, but when you need it, you want it to be there. That's where a cloud really works. You're not going to actively manage it, but you want to make sure that five years from now, [it's there].

Number two, I think it's critical that there's diversity of choices in terms of retailers that you work with.

Now one of the things with the cloud is that the consumer needs to trust that the person who's providing the cloud will be there. So you don't trust the cloud to some new startup that you've never heard of, or some small local bookstore, that you love to go to.

But right now the physical bookstores are a critical part of our book ecosystem. And in fact a huge amount of books are bought because people go into a physical bookstore and say, hey I want this, I want that. And I think it's a mistake if we think of our future digital world as digital means online and physical means offline. Because if that happens and 10 percent of the world goes digital, that's going to be really hard for all the bookstores to sustain their business model.

So part of our model is to figure out we're going to syndicate for our partner program all of the books we sell that are new, so that any bookstore can sell a Google edition and find a way that people can buy them in bricks and mortar stores as well.

And then finally, our model is you should be able to read on any device.... Our model is some people will read [our books] on a laptop, some will read them on the phone, some people will read on their netbook, and some people will read on their e-reader. And we'll work with any reader provider that wants to make it so they can get their books from the Google cloud....

So the principles of our future world is trying to build this world where there's lots of retail players, read on any device, but it's still stored in the cloud. And as we talk with publishers and booksellers, I think this is the right model, because we're trying to make what would be an open model that encourages competition

» Blog2 [ Contribute: submit link / submit article ]