Though O’Donnell laudably experimented with to concentrate the audience’s interest onand hopefully final, Charlie Sheen trainwreck interview, courtesy of the tragic undertow that threatens to pull Sheen underneath for excellent, I was overtaken, not from the pulling on the thread, in addition to the voracious audience he serves. It didn’t make me sad, it manufactured me angry.
In the case of celebrities, we could be considered a heartless nation, basking within their misfortunes like nude sunbathers at Schadenfreude Seashore. The impulse is understandable, to some degree. It might be grating to pay attention to complaints from many people who appreciate privileges that the majority of us can not even envision. If you ever can not muster up some compassion for Charlie Sheen, who helps make much more moolah for a day’s deliver the results than most of us will make within a decade’s time, I guess I cannot blame you.
With all the fast speed of events on the web in addition to the advice revolution sparked through the World-wide-web, it is especially easy for the technological know-how market to believe it’s different: regularly breaking new ground and engaging in items that no one has ever before done previously.
But there are other kinds of online business which have by now undergone several of the exact same radical shifts, and have just as awesome a stake within the potential.
Take healthcare, for instance.
We often presume of it as being a significant, lumbering beast, but in truth, medicine has undergone a series of revolutions inside the previous 200 many years which might be a minimum of equal to individuals we see in technology and material.
Less understandable, but even now within just the norms of human nature, would be the impulse to rubberneck, to slow down and have a look at the carnage of Charlie spectacle of Sheen’s unraveling, but from the blithe interviewer Sheen’s lifestyle as we pass it in the most suitable lane of our everyday lives. To become sincere, it might be difficult for consumers to discern the distinction involving a run-of-the-mill attention whore, and an honest-to-goodness, circling the drain tragedy-to-be. On its individual merits, a quote like “I Am On a Drug. It is Named Charlie Sheen” is sheer genius, and we can’t all be expected to take the total measure of someone’s daily life each and every time we listen to a thing humorous.
Fast forward to 2011 and I'm seeking to examine means of becoming a bit more business-like about my hobbies (largely audio). Through the conclude of January I had manned up and started off to advertise my blogs. I had developed a few numerous weblogs, which had been contributed to by associates and colleagues. I promoted these pursuits because of Facebook and Twitter.
2nd: the very little abomination that the Gang of Five about the Supream Court gave us a year or so back (Citizens Inebriated) basically comprises a bit bouncing betty of its individual that could highly effectively go off inside the faces of Govs Wanker, Sacitch, Krysty, and J.O. Daniels. As this ruling prolonged the principle of “personhood” to both equally companies and unions, to attempt to deny them any correct to run inside of the legal framework that they have been organized below deprives these “persons” with the freedoms of speech, association and motion. Which means (once once more, quoting law college skilled friends and family) that possibly the courts ought to uphold these rights for the unions (as person “persons” as guaranteed by the Federal (and most state) constitutions, or they have to declare that these attempts at stripping or limiting union rights should apply to leading corporations, also.
Of all the interesting new tech that seems poised to garner a lot of buzz in 2011, near field communication (NFC), is probably the most exciting. If it takes off, it will transform the ways we communicate, share, and make payments with digital devices. This will likely take years to happen, but the groundwork is being laid right now. And RFinity is one of those companies at the forefront.
While Google and Apple are responsible for generating much of the buzz about NFC at the moment, the technology goes far beyond simply having the right type of chip in your mobile device. For example, how do you handle different types of data transfers being made from one device to another? And how to you ensure that they happen as quickly as possible? And most importantly, how do you ensure that they happen securely? Those are the things that RFinity is thinking about.
The company has just raised $4 million from Horizons Ventures in Hong Kong. And the space has gotten so red hot, in fact, that we hear they’re already out raising another round.
And it’s an easy bet for investors to make not only because of the space, but because of where the project originated: The U.S. Department of Energy. Specifically, RFinity was born when a bunch of infrastructure security experts working for the government were assigned to find all the vulnerabilities in cell phones. Through software they came up with, they were able to quite easily eavesdrop, manipulate SMS messages, and even compromise LAN security. Then they set out to figure out a way to stop people from doing those very things. That work led directly to RFinity.
Work originally began in the person-to-person and person-to-vendor sales space by way of mobile applications that route transactions through RFinity’s own secure servers. But now that NFC appears ready, RFinity is making sure they’re ready for it. The idea is that their technology could cut out the middle man here: themselves.
Obviously, the company isn’t going to share all the details on how they secure NFC transfers. But the basic overview is that they verify an incoming NFC signal and ask for a user’s permission before taking any action. Further, if the action is a transaction, it requires a PIN, just as you might do an ATM withdrawal. That’s all pretty standard. But the key is one-time-use transaction codes that RFinity creates on the fly along with complex cryptographic signatures. These ensure that an transaction is secure since it means that every transaction can only happen once. Even if those numbers were intercepted by a hacker, they would be useless beyond the one-time payment.
And even if your phone is lost or stolen, a thief couldn’t do anything without your PIN. And you can remotely shut down your NFC capabilities via RFinity. It’s enough to make me wish I could throw out all my credit cards right now. “Today’s identification and transaction systems are based on what? A magnetic strip on the back of a card, based on a 1950’s technology that relies on a base station to read the information embedded as a series of simple magnetic markers in plastic tape,” writes Josh Jones-Dilworth, who is working with the company to bring them to market.
Again, NFC as a technology is great and potentially game-changing. But the software is still needed to make it actually work. And some of the big guys began realizing that early on as companies like PayPal, Bank of America, and even Subway have been testing out different things with RFinity for some time. In fact, RFinity has actually been doing field tests of the software end of their technology since 2009 in places like Idaho, well before most people in the U.S. had ever thought about NFC.
But now people are starting to care. And soon, they could be caring a lot more. NFC is already built-in to Google’s new Nexus S device — and the company has put out a call for developers to start using the tech. Rumors have the next iteration of the iPhone gaining the technology as well. In other words, I suspect we may be seeing acquisition rumors starting to fly around RFinity in about six months or so. Provided their technology proves up to the NFC challenge, of course.
It's worth noting that there is some overlap in categories, and some people who we might place in one category appear in another or more than one. For example, Peter Thiel is listed under investments, though we'd probably put him in the technology category. There's also not a clean way to account for wealth inherited from family members, or divided among them. There are multiple Benettons who appear in the Fashion and Retail category individually, for example, but Gucci owner Francois Pinault's family is grouped together even though multiple members of the family are billionaires.
That said, for the non-exact nature of figuring this out, if you don't want to wait for your fortune it probably comes as no surprise that technology is your best bet and is tied for the lowest average billionaire age (thanks, Facebook billionaires) with metal and mining. So if it's young money you're after, pick up a mine or two while you wait for your social network or search engine to catch on. You'll be making the other billionaires feel like slackers in no time.
That's not where the biggest money is though. Perhaps surprising to some is that fashion and retail (which includes grocery stores), is the category that accounts for the most cumulative wealth. More than investments, more than finance and more than technology. Selling actual, physical stuff to consumers is still your best bet of making money. Oh, and for those who noticed Sinaloa Cartel drug trafficking leader Joaquin Guzman Loera on the big list (he falls under "logistics")? {Forbes} Stick to the legal, actual, physical stuff like fashion or food. Not only is the life expectancy better, in the long run so are the profits. You never know though, maybe Loera's already diversified by blinging out weapons.
Now what if it's easy (relatively speaking) wealth you're after? Gaming has relatively few billionaires, and on average they're kind of old. The amount of competition is comparatively small, most will be retiring in general or retiring to that great casino in the sky, so this is a prime market to go after. How to go after it? Well, that's up to you and probably a bit of genetic fortune. If you missed out on being born into a dynasty, your next best bet is to marry into one. If that still doesn't work, there's always the do-it-yourself model. We'll give you a few pointers on that once we appear on the list rather than doing the grunt work of analyzing it. Off to the single billionaires list it is then.
How to Make the Forbes Billionaire List: Young, Big & Easy Billions by YM Ousley originally appeared on Signature9
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