AT&T slashes 12,000 jobs (Video)

Bankrupting car makers may mean killing the electric car, again (Video)

GM Volt technology allows a car to drive for 40 miles before switching over to gas/petrol – but we already have electric cars like the Tesla that can go 240 miles without recharging – plenty enough for everyday driving – at about 2 cents/mile to run.

It seems that the auto makers are stalling ~

US Auto makers roll out fuel efficient cars

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Madeleine Albright: Obama boosts ‘brand USA’ (Video)

Condi Rice plays concert piano for Queen (Video)

Comedy: Hispanics, Asians not as post-racial as the rest of us

There, there. Ill try to get you your own office.

Today, Bill Richardson accepted his safety cabinet position, Secretary of Commerce. The Latino community is predictably annoyed that their guy wasn’t given State, which went instead to Hillary Clinton. Ironically, Richardson stabbed Clinton in the back during the primaries, presumably so Obama would see he was ruthless enough to handle State. (If you can betray a Clinton, you can betray a continent.)

The President-elect tried to reassure jumpy Hispanics, saying “the notion that somehow the Commerce Secretary is not going to be central to everything we do is fundamentally mistaken.”

Riiight. Say your adioses to Bill Richardson. He will never be heard from again, along with whoever gets HUD, Labor and his former post in the Clinton administration, Energy.

Meanwhile, Chinese-Americans are furious at the Richardson appointment, citing his handling of the Wen Ho Lee. Said a California physician, “there was a feeling among many Chinese-Americans, particularly in Silicon Valley, that Bill Richardson did a lot to promote the notion that all Chinese-Americans are potential spies.” Particularly in Silicon Valley. As if to warn that the Richardson pick is pissing off rich Asians, not the dry cleaners.

Ahem, Hispanics and Asians. How are the rest of us supposed to be post-race if you two won’t play along? Can you be happy for us blacks and whites? Obama’s election tricked blacks into thinking that whites like them, and whites into thinking that blacks are over that slavery stuff. We’re finally able to pretend we’re not uncomfortable around each other, after all these years!

Clearly, you Hispanics and Asians need an Obama to call your own. Maybe you should stop arguing and start banging. Now is the time to create your very own Hispasian who can be president in forty-eight years.

But until that day comes, stop raining on our post-racial parade.

Source: 23/6

Inauguration Invitation: Priceless? Not Really

Obama-philes hoping to make the trek to Washington in January have been saying that it’s impossible to put a price on the value of being there to witness the swearing in of America’s first black president.

Want to bet?

A V.I.P. package for the 2009 Presidential Inauguration, including a handshake and photo opportunity with President-elect Barack Obama and a seat at an inaugural ball, is being auctioned on Charitybuzz.com. Its current price? The experience has fetched a top bid of $62,500 since being posted the day after the election, and bidding is still open until tomorrow at 2:30 p.m. E.S.T.

Founded in 2005, Charitybuzz.com administers online auctions on behalf of charities that run the gamut from vacation packages, to works of art, to “celebrity experiences” like the photo op with President-elect Obama.

Charitybuzz.com chief executive Coppy Holzman said it took him two months to persuade Obama campaign officials to donate their candidate’s time, the proceeds from which will benefit the Samuel Waxman Cancer Research Foundation.

The Inauguration package is currently the highest priced item on Charitybuzz.com, and $62,500 might seem like a crazy sum of money to pay for a few precious moments of face time with the President-elect.

But after comparing to the bids drawn by some of the other experiences up for auction, it seems like a downright reasonable price.

A one-hour private soccer lesson with David Beckham doesn’t close until December 11 and has already attracted a top bid of $45,000. A private meeting with Clive Davis is going for $16,000.

A trip to Washington and photo op with Nancy Pelosi carries a top bid of $9,500, and wouldn’t we all agree that Obama is way more than 6.5 times as cool as Madame Speaker?

Dinner and a movie with Alec Baldwin is currently going for $2,750, and there are plenty of people who wouldn’t take him up on that offer for free.

The coup de grace, in terms of mind-boggling bids, would have to be the $860 top bid for a six week internship at web newsletter publisher Thrillest — yes, that would be someone paying Thrillest for the privilege of working for them.

If that isn’t the sounding of a death knell for anyone trying to make a living in journalism, we don’t know what is.

by Liz Gunnison

Source: Portfolio

Huffington Post Is Worth How Much???

The Huffington Post has closed its third round of funding at $25 million — $10 million above previous estimates. The single investment from Oak Investment Partners was led by venture capitalist Fred Harman, who will now sit on the company’s board.

That will put the site’s valuation at just “south of $100 million,” according to a source of Kara Swisher’s at All Things D.

The money will be used to grow the site’s advertising capabilities, expand its local coverage and reporting capabilities as well as make strategic acquisitions.

The extra financial backing will also help HuffPo in the fight for dwindling ad dollars, which Harman, who is in Palo Alto, California, says has become more of a priority with the dwindling economy:

“Much of the news media business needs to be reassembled online around an ad-supported model and the timetable for this has been accelerated, not slowed, by this economic down cycle.

Source: Portfolio

Obama Says Richardson Will Be ‘Economic Diplomat’ (Video)

Dec. 3 (Bloomberg) — President-elect Barack Obama said Bill Richardson will be an “economic diplomat” for the U.S. as commerce secretary and a key member of a team that lays the groundwork for renewed growth.

Warning that a recovery from the recession that began last year “won’t happen overnight,” Obama said Richardson has a unique combination of national and international experience to be an “unyielding advocate” for American companies and workers at home and abroad.

“Bill has seen from just about every angle what makes our economy work and what keeps it from working better,” Obama said at a news conference today in Chicago at which he formally announced the New Mexico governor as his choice to lead the Commerce Department.

Richardson, 61, is one of the highest-profile Latinos to hold elective office in the U.S. Before winning his race for governor of New Mexico in 2002 and gaining a second term in 2006, he served in two Cabinet positions in President Bill Clinton’s administration and eight terms in the U.S. House.

He ended his own bid for the Democratic presidential nomination in January and later endorsed Obama, calling him a “once-in-a-lifetime leader” who can unite the country. That move was a rebuke to Hillary Clinton, who Obama has picked for secretary of state, and her husband publicly lashed out at Richardson at the time.

Past Competitors

Richardson downplayed any suggestions that hard feelings lingered from the campaign.

“There are some who speak of a team of rivals,” he said. “But I’ve never seen it that way. Past competitors, yes.”

Richardson said that he would use his position to promote trade. “Boosting commerce between states and nations is not just a path to solvency and growth; it’s the only path,” he said.

He vowed to make the Commerce Department an integral part of Obama’s financial recovery plan. The “catchphrases of your economic plan” Richardson told Obama, are “investment, public/private partnerships, green jobs, technology, broadband, climate change and research.”

“That is the Department of Commerce,” he said.

Richardson would head a Cabinet agency with responsibilities that include compiling economic data, monitoring the weather and adjudicating trade complaints.

Trade Barriers

Companies such as General Electric Co., the world’s biggest maker of power-generation equipment, said they will be looking to Richardson for help reducing hurdles and tariffs to selling their goods overseas.

Richardson is “very smart on things like free-trade agreements,” said Peter O’Toole, a GE spokesman and former speechwriter for Richardson. “Hopefully we can work with Governor and future Secretary Richardson on making sure that free and fair trade is a two-way street.” …

Richardson Is Back, Beardless and Ready (Video)

President-elect Barack Obama and Bill Richardson, the secretary of commerce-designate. (Photo: Jim Wilson/The New York Times)

CHICAGO – Bill Richardson is beardless and back in the cabinet. The governor of New Mexico and former presidential candidate appeared beside President-elect Barack Obama on Wednesday to accept his third cabinet-level post, this time as secretary of commerce.

Mr. Richardson, the first Hispanic chosen for Mr. Obama’s cabinet, made remarks in both English and Spanish as he took the assignment, signaling the importance of his selection for the new administration. Mr. Obama said he picked Mr. Richardson because of his deep experience and skills, not his ethnic heritage, but promised to produce a diverse senior team.

“When people look back and see the entire slate, what they will say is – not only in terms of my cabinet but in terms of my White House staff – I think people are going to say this is one of the most diverse cabinets and White House staffs of all time,” said Mr. Obama, who will be the first African American president. “But more importantly, they’re going to say these are all people of outstanding qualifications and excellence.”

Hispanic groups have lobbied strongly on behalf of Mr. Richardson, arguing that Hispanic voters in last month’s election helped deliver at least four states for Mr. Obama that voted for President Bush four years ago: Nevada, Colorado, Florida and Mr. Richardson’s New Mexico. Mr. Obama is also eyeing Rep. Xavier Becerra of California, a member of the Congressional Hispanic Caucus, to become the United States trade representative, a position that has had cabinet status in the past.

Mr. Richardson has served in the cabinet twice before, first as President Bill Clinton’s ambassador to the United Nations and then as his secretary of energy. Mr. Richardson had his eye on secretary of state this time around but lost out to Senator Hillary Rodham Clinton. Although the commerce slot is generally seen as a second-tier position, Mr. Obama said it would play a pivotal role in setting and executing his economic recovery agenda.

“Well, commerce secretary is a pretty good job, you know,” Mr. Obama said to suggestions that it was a consolation prize for Mr. Richardson. “It’s a member of my key economic team that is going to be dealing with the most significant issue that America faces right now and that is how do we put people back to work and rejuvenate the economy?”

As for the beard that Mr. Richardson grew after dropping his own bid for the presidency earlier this year, it was gone by Wednesday morning’s news conference. Mr. Obama, tongue in cheek, declared that a mistake. “I thought that whole western rugged look was really working for him,” the president-elect said.