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<channel>
	<title>blogging... &#187; Language</title>
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	<link>http://www.gdambra.com</link>
	<description>All right, brain, you don't like me, and I don't like you, but let's just get me through this, and I can get back to killing you with beer. - H.J. Simpson</description>
	<lastBuildDate>Sun, 05 Feb 2012 16:28:06 +0000</lastBuildDate>
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		<title>iOS Developing: App Compatible with iPhone 3G and armv6</title>
		<link>http://www.gdambra.com/2012/02/05/ios-developing-app-compatible-with-iphone-3g/</link>
		<comments>http://www.gdambra.com/2012/02/05/ios-developing-app-compatible-with-iphone-3g/#comments</comments>
		<pubDate>Sun, 05 Feb 2012 16:24:31 +0000</pubDate>
		<dc:creator>GP</dc:creator>
				<category><![CDATA[English]]></category>
		<category><![CDATA[Language]]></category>
		<category><![CDATA[Technology]]></category>

		<guid isPermaLink="false">http://www.gdambra.com/?p=690</guid>
		<description><![CDATA[XCode 4.2 uses as default armv7 for processor instructions. As iPhone 3G is armv6 compatible only, all apps created by default in XCode 4.2 cannot run on these devices. Fixing this problem is very easy. First af all you should add armv6 in your compiler settings in &#8220;Architectures&#8221; and &#8220;Vallid Architectures&#8221; for your Target: &#160; [...]]]></description>
			<content:encoded><![CDATA[<p>XCode 4.2 uses as default armv7 for processor instructions. As iPhone 3G is armv6 compatible only, all apps created by default in XCode 4.2 cannot run on these devices.</p>
<p>Fixing this problem is very easy. First af all you should add armv6 in your compiler settings in &#8220;Architectures&#8221; and &#8220;Vallid Architectures&#8221; for your Target:</p>
<p><img class="aligncenter size-full wp-image-691" title="9jAHt" src="http://www.gdambra.com/wp-content/uploads/2012/02/9jAHt.png" alt="" width="591" height="680" /></p>
<p>&nbsp;</p>
<p>Secondary you have to edit your info.plist file by substituting &#8220;armv7&#8243; with &#8220;armv6&#8243; as &#8220;required device capabilities&#8221;.</p>
<p>&nbsp;</p>
<p><a href="http://www.gdambra.com/wp-content/uploads/2012/02/y0rfw.png"><img class="aligncenter size-full wp-image-692" title="y0rfw" src="http://www.gdambra.com/wp-content/uploads/2012/02/y0rfw.png" alt="" width="728" height="343" /></a></p>
<p>NOTE: in info.plist you have to insert only &#8220;armv6&#8243;, otherwise this app will require both of the architectures and it will work only on iPhone 3GS, 4 and 4S.</p>
<p>I took the pictures to write this post from this article: <a href="http://stackoverflow.com/questions/7760946/is-it-possible-to-target-older-ios-versions-when-using-xcode-4-2-and-ios-5-sdk">http://stackoverflow.com/questions/7760946/is-it-possible-to-target-older-ios-versions-when-using-xcode-4-2-and-ios-5-sdk</a></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
]]></content:encoded>
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		</item>
		<item>
		<title>Oddest questions in job interview!</title>
		<link>http://www.gdambra.com/2011/12/31/oddest-questions-in-job-interview/</link>
		<comments>http://www.gdambra.com/2011/12/31/oddest-questions-in-job-interview/#comments</comments>
		<pubDate>Sat, 31 Dec 2011 14:06:29 +0000</pubDate>
		<dc:creator>GP</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[English]]></category>
		<category><![CDATA[Language]]></category>
		<category><![CDATA[Life Style]]></category>

		<guid isPermaLink="false">http://www.gdambra.com/?p=683</guid>
		<description><![CDATA[Here are some oddest question asked in job interview in big companies: “How many peo­ple are using Face­book in San Fran­cis­co at 2:30 p.m. on a Fri­day?” — Asked at Google, Ven­dor Rela­tions Man­ag­er can­di­date “If Ger­mans were the tallest peo­ple in the world, how would you prove it?” — Asked at Hewlett-Packard, Prod­uct Mar­ket­ing [...]]]></description>
			<content:encoded><![CDATA[<p>Here are some oddest question asked in job interview in big companies:</p>
<p>“How many peo­ple are using Face­book in San Fran­cis­co at 2:30 p.m. on a Fri­day?” — Asked at Google, Ven­dor Rela­tions Man­ag­er can­di­date</p>
<p>“If Ger­mans were the tallest peo­ple in the world, how would you prove it?” — Asked at Hewlett-Packard, Prod­uct Mar­ket­ing Man­ag­er can­di­date<br />
“Given 20 ‘destruc­tible’ light bulbs (which break at a cer­tain height), and a build­ing with 100 floors, how do you deter­mine the height that the light bulbs break?” — Asked at Qual­comm, Engi­neer­ing can­di­date</p>
<p>“How would you cure world hunger?” — Asked at Amazon.com, Soft­ware Devel­op­er can­di­date<br />
“You’re in a row boat, which is in a large tank filled with water. You have an anchor on board, which you throw over­board (the chain is long enough so the anchor rests com­plete­ly on the bot­tom of the tank). Does the water level in the tank rise or fall?” — Asked at Tesla Motors, Mechan­i­cal Engi­neer can­di­date</p>
<p>“Please spell ‘diver­ti­c­uli­tis’.” — Asked at EMSI Engi­neer­ing, Account Man­ag­er can­di­date</p>
<p>“You have a bou­quet of flow­ers. All but two are roses, all but two are daisies, and all but two are tulips. How many flow­ers do you have?” — Asked at Epic Sys­tems, Cor­po­ra­tion Project Manager/Implementation Con­sul­tant can­di­date</p>
<p>“How do you feel about those jok­ers at Con­gress?” — Asked at Con­sol­i­dat­ed Elec­tri­cal, Man­age­ment Trainee can­di­date</p>
<p>“If you were a Microsoft Office pro­gram, which one would you be?” — Asked at Sum­mit Rac­ing Equip­ment, Ecom­merce can­di­date.</p>
<p>&nbsp;</p>
<p>Extract from: <a href="http://www.slashgear.com/oddest-questions-asked-in-job-interviews-this-year-by-tech-firms-30205044/" target="_blank">http://www.slashgear.com/oddest-questions-asked-in-job-interviews-this-year-by-tech-firms-30205044/</a></p>
<p>&nbsp;</p>
<p>&nbsp;</p>
]]></content:encoded>
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		</item>
		<item>
		<title>Venture Capitalist Mark Suster On Getting An MBA</title>
		<link>http://www.gdambra.com/2011/10/10/venture-capitalist-mark-suster-on-getting-an-mba/</link>
		<comments>http://www.gdambra.com/2011/10/10/venture-capitalist-mark-suster-on-getting-an-mba/#comments</comments>
		<pubDate>Mon, 10 Oct 2011 14:18:39 +0000</pubDate>
		<dc:creator>GP</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[English]]></category>
		<category><![CDATA[Language]]></category>
		<category><![CDATA[VC]]></category>

		<guid isPermaLink="false">http://www.gdambra.com/?p=679</guid>
		<description><![CDATA[Here an extract from an interview to Mark Suster about the importance to get an MBA to work for startups or venture capitalists: If I were 27 again and working at a start-up and was considering getting an MBA, I think I’d go to my boss and ask if I could spend a year in [...]]]></description>
			<content:encoded><![CDATA[<p>Here an extract from an interview to Mark Suster about the importance to get an MBA to work for startups or venture capitalists:</p>
<p><em>If I were 27 again and working at a start-up and was considering getting an MBA, I think I’d go to my boss and ask if I could spend a year in sales, 6 months in product management or marketing and 6 months in finance.  I’d keep my personal balance sheet positive and my future options open.  It’s hard to start companies and take risks when you’re $150,000 in debt.</em></p>
]]></content:encoded>
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		</item>
		<item>
		<title>Venture Capital in Italia: Art. 31 manovra fiscale</title>
		<link>http://www.gdambra.com/2011/07/18/venture-capital-in-italia-art-31-manovra-fiscale/</link>
		<comments>http://www.gdambra.com/2011/07/18/venture-capital-in-italia-art-31-manovra-fiscale/#comments</comments>
		<pubDate>Mon, 18 Jul 2011 11:37:35 +0000</pubDate>
		<dc:creator>GP</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Italian]]></category>
		<category><![CDATA[Language]]></category>
		<category><![CDATA[VC]]></category>

		<guid isPermaLink="false">http://www.gdambra.com/?p=674</guid>
		<description><![CDATA[Venture capital (articolo 31). Per favore l&#8217;accesso al cosiddetto venture capital e sostenere l&#8217;avvio e la crescita di nuove imprese, si prevedono specifici incentivi a vantaggio dei sottoscrittori di «Fondi di Venture Capital» specializzati nelle fasi di avvio delle nuove imprese. Il venture capital è l&#8217;attività di investimento in capitale di rischio realizzata da operatori [...]]]></description>
			<content:encoded><![CDATA[<p>Venture capital (articolo 31). Per favore l&#8217;accesso al cosiddetto venture capital e sostenere l&#8217;avvio e la crescita di nuove imprese, si prevedono specifici incentivi a vantaggio dei sottoscrittori di «Fondi di Venture Capital» specializzati nelle fasi di avvio delle nuove imprese. Il venture capital è l&#8217;attività di investimento in capitale di rischio realizzata da operatori professionali e finalizzata a operazione di early stage o l&#8217;insieme dei finanziamenti (seed financing e start up financing) a sostegno delle imprese nei primi stadi di vita. <strong><span style="text-decoration: underline;background:#faa">Più in dettaglio, per favorire l&#8217;accesso al venture capital e sostenere i processi di crescita di nuove imprese tramite fondi comuni di investimento vengono esentati da imposizione i proventi derivanti dalla partecipazione ai «Fondi di Venture Capital» (Fvc), o redditi di capitale come proventi derivanti dalla gestione, nell&#8217;interesse collettivo di pluralità di soggetti, di masse patrimoniali costituite con somme di denaro e beni affidati da terzi o provenienti dai relativi investimenti.</span></strong> Peraltro, per i soggetti titolari di reddito d&#8217;impresa, la suddetta esenzione acquista efficacia previa autorizzazione della commissione europea. La norma individua quindi i Fondi di Venture Capital (Fvc) ai fini dell&#8217;accesso al beneficio suddetto. Si tratta di fondi comuni di investimento armonizzati UE, vale a dire fondi e società di investimento a capitale variabile (Sicav) di tipo aperto, costituiti nei paesi dell&#8217;Unione europea, che investono prevalentemente in strumenti finanziari quotati (azioni, obbligazioni, etc.), che investono almeno il 75% dei capitali raccolti in società non quotate nella fase di: sperimentazione (seed financing); costituzione (start-up financing); avvio dell&#8217;attività (early-stage financing); sviluppo del prodotto (expansion financing). <span style="text-decoration: underline;background:#faa"><strong>Ulteriori caratteristiche che devono possedere le società destinatarie dei Fvc, sono: che non devono essere quotate; devono avere sede legale nel territorio di uno Stato membro dell&#8217;Unione Europea (o dello Spazio Economico Europeo), a condizione che abbiano con l&#8217;Italia un accordo che consenta un adeguato scambio di informazioni ai fini fiscali; e che non devono essere detenute in via prevalente da persone fisiche, sia in forma diretta che indiretta. Ma anche: che devono essere soggette all&#8217;imposta sul reddito delle società (o imposta analoga prevista dalla legislazione locale) senza possibilità di esenzione né totale né parziale; esercitare attività di impresa da non più di 36 mesi; e avere un fatturato non superiore ai 50 milioni di euro (in base all&#8217;ultimo bilancio approvato prima dell&#8217;investimento del Fvc).</strong></span> Toccherà invece a un decreto ad hoc del Tesoro stabilire, tra l&#8217;altro, le modalità di rendicontazione annuale dei gestori dei Fvc per rispettare le condizioni sopra vise, e le sanzioni per il mancato rispetto di tali condizioni.</p>
]]></content:encoded>
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		</item>
		<item>
		<title>20 Comuni Più ricchi delal Provincia di bologna nel 2008</title>
		<link>http://www.gdambra.com/2011/03/28/20-comuni-piu-ricchi-delal-provincia-di-bologna-nel-2008/</link>
		<comments>http://www.gdambra.com/2011/03/28/20-comuni-piu-ricchi-delal-provincia-di-bologna-nel-2008/#comments</comments>
		<pubDate>Mon, 28 Mar 2011 08:53:40 +0000</pubDate>
		<dc:creator>GP</dc:creator>
				<category><![CDATA[Business]]></category>
		<category><![CDATA[Italian]]></category>
		<category><![CDATA[Language]]></category>
		<category><![CDATA[Life Style]]></category>

		<guid isPermaLink="false">http://www.gdambra.com/?p=671</guid>
		<description><![CDATA[  # Comune Contribuenti Contributi Reddito Medio 1 SAN LAZZARO DI SAVENA 20.496 € 591.008.230,00 € 28.835,30 2 BOLOGNA 243.359  € 6.923.357.279,00 € 28.449,15 3 PIANORO 11.100  € 299.903.612,00 € 27.018,34 4 SASSO MARCONI 9.507  € 253.086.272,00 € 26.621,04 5 MONTE SAN PIETRO 7.003  € 185.065.509,00 € 26.426,60 6 CASALECCHIO DI RENO 23.021  € 598.648.413,00 [...]]]></description>
			<content:encoded><![CDATA[<p> </p>
<table border="0" cellspacing="0" cellpadding="0" width="648">
<tbody>
<tr>
<td width="36"><strong><span style="font-family: Verdana;">#</span></strong></td>
<td width="228"><strong><span style="font-family: Verdana;">Comune</span></strong></td>
<td width="108"><strong><span style="font-family: Verdana;">Contribuenti</span></strong></td>
<td width="156"><strong><span style="font-family: Verdana;">Contributi</span></strong></td>
<td width="120"><strong><span style="font-family: Verdana;">Reddito Medio</span></strong></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">1</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">SAN LAZZARO DI SAVENA</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">20.496</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;">€ 591.008.230,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 28.835,30</span></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">2</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">BOLOGNA</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">243.359</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;"> € 6.923.357.279,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 28.449,15</span></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">3</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">PIANORO</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">11.100</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;"> € 299.903.612,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 27.018,34</span></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">4</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">SASSO MARCONI</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">9.507</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;"> € 253.086.272,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 26.621,04</span></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">5</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">MONTE SAN PIETRO</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">7.003</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;"> € 185.065.509,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 26.426,60</span></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">6</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">CASALECCHIO DI RENO</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">23.021</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;"> € 598.648.413,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 26.004,45</span></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">7</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">CASTENASO</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">9.537</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;"> € 246.058.634,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 25.800,42</span></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">8</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">ZOLA PREDOSA</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">11.982</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;"> € 307.328.182,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 25.649,16</span></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">9</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">MONTEVEGLIO</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">3.316</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;"> € 84.675.290,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 25.535,37</span></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">10</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">GRANAROLO DELL&#8217;EMILIA</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">6.743</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;"> €169.189.932,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 25.091,20</span></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">11</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">CASTEL MAGGIORE</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">11.326</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;"> € 281.999.422,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 24.898,41</span></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">12</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">OZZANO DELL&#8217;EMILIA</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">8.322</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;"> € 200.169.926,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 24.053,10</span></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">13</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">CALDERARA DI RENO</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">8.334</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;"> € 200.185.973,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 24.020,40</span></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">14</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">BUDRIO</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">11.356</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;"> € 270.637.612,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 23.832,13</span></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">15</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">CASTEL SAN PIETRO TERME</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">13.196</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;"> € 313.442.734,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 23.752,86</span></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">16</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">IMOLA</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">44.612</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;"> €1.050.309.106,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 23.543,20</span></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">17</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">ANZOLA DELL&#8217;EMILIA</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">7.700</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;"> €180.528.046,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 23.445,20</span></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">18</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">SAN GIORGIO DI PIANO</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">5.329</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;"> € 124.845.607,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 23.427,59</span></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">19</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">ARGELATO</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">6.351</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;"> €147.852.453,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 23.280,18</span></td>
</tr>
<tr>
<td width="36" valign="bottom"><span style="font-family: Verdana;">20</span></td>
<td width="228" valign="top"><span style="font-family: Verdana;">SAN GIOVANNI IN PERSICETO</span></td>
<td width="108" valign="top"><span style="font-family: Verdana;">16.952</span></td>
<td width="156" valign="top"><span style="font-family: Verdana;"> € 393.834.544,00 </span></td>
<td width="120" valign="top"><span style="font-family: Verdana;">€ 23.232,34</span></td>
</tr>
</tbody>
</table>
<p> In ordine per Reddito Medio. Dalla Fonte dati del Sole 24 ore</p>
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		<title>The Irish Banking Crisis: A Parable</title>
		<link>http://www.gdambra.com/2010/12/08/the-irish-banking-crisis-a-parable/</link>
		<comments>http://www.gdambra.com/2010/12/08/the-irish-banking-crisis-a-parable/#comments</comments>
		<pubDate>Wed, 08 Dec 2010 23:02:42 +0000</pubDate>
		<dc:creator>GP</dc:creator>
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		<guid isPermaLink="false">http://www.gdambra.com/?p=632</guid>
		<description><![CDATA[Great article from Umair Arque: Once upon a time, there was a country where bankers disappeared. The bankers, fed up with regulation, dissatisfaction, and downright hostility, decided to unleash the planet-destroying superweapon in their arsenal: they went on strike, not once, but three times. [...] the economy continued to grow. Though the money supply did contract sharply, [...]]]></description>
			<content:encoded><![CDATA[<p><em><strong><span style="color: #000000;">Great article from <a href="http://blogs.hbr.org/haque/2010/11/the_irish_banking_crisis_a_par.html" target="_blank">Umair Arque</a>:</span></strong></em></p>
<p>Once upon a time, there was a country where bankers disappeared. The bankers, fed up with regulation, dissatisfaction, and downright hostility, decided to unleash the planet-destroying superweapon in their arsenal: they went on strike, not once, but three times.</p>
<p>[...] the economy continued to grow. Though the money supply did contract sharply, neither trade, commerce, nor industry came to a grinding halt.</p>
<p>How? People created their own currencies, to substitute for the collapsing money supply. They kept using checks to pay one another, but then, people&#8217;s checks began trading within communities.</p>
<p>[...]</p>
<p>The country in question was Ireland — today, in deep crisis because of profligate banks.</p>
<p>So why were the Irish of yesteryear able to trade notes with one another, in lieu of credit issued by banks? Well, Ireland was curiously well situated for this kind of resilience. [...] the Irish economy was characterized by intense, frequent, conversational personal contact: tight, dense, solid local knowledge circulating at high velocity within and across communities. Result? Borrowers and lenders could build solid microfoundations of trust.</p>
<p>In other words, when you&#8217;ve been chatting with Bill every night at the local pub for twenty years, you probably know whether his note is a good bet or not (and further, just how much to discount it to earn a sustainable and fair return, that neither fleeces Bill, nor robs you). Furthermore, if you&#8217;re the publican, and you&#8217;ve been chatting with me and with Bill, then you&#8217;re even better positioned to become a <em>de facto</em> arbitrator of notes — a bank. And that&#8217;s exactly the role that pubs began to play.</p>
<p>You might say that a radically decentralized, p2p financial system spontaneously arose. Instead of letting the bankers&#8217; strike collapse their prosperity, people decided, simply, that they could get on with the day-to-day stuff of banking themselves. In slightly more formal terms, I&#8217;d suggest that they were able to take on, at least in tiny part, five of Robert Merton and Zvi Bodie&#8217;s six standard functions of a financial system: settling payments, providing information, setting incentives, pooling resources, and transferring resources. The bankers thought even one of six might have been impossible. It&#8217;s as if the economy settled into a new dynamic equilibrium: one where emergent, unpredicted — and totally unforeseen — behavior unlocked a very different kind of financial system. It wasn&#8217;t perfect; yes, foreign currency transactions were problematic, yes, moral hazard was an issue, and perhaps my reading, having not been there myself, is frankly erroneous. It&#8217;s not a utopian picture — just a very different one from mega-banking, with a very different feel, purpose, and structure.</p>
<p>And yet today, Ireland&#8217;s facing perhaps the most vicious austerity package in recent history. And as usual, the average Joe and Jane are being forced — not asked — to foot the bill for the profligacy of the financiers. So are their grandkids: hence, an entire generation is rumored to be on the verge on fleeing, instead of sticking around to get the shaft.</p>
<p>Now, here&#8217;s what I&#8217;m <em>not </em>suggesting: that you or I extrapolate directly and naively from history. Some social scientists have suggested that the Irish banking strikes might be a rare, telling natural experiment, that disconfirms the value of banks. I&#8217;d suggest it&#8217;s more like a parable — a tale that highlights deeper principles at play.</p>
<p>It&#8217;s not that Ireland can exit its troubles merely by vaporizing the banks, and letting pubs trade notes. Ireland 1970 is a far cry from the Celtic tiger of the 2000s. The Irish economy of the 70s was much smaller. The global economy wasn&#8217;t as tightly, sharply interdependent. The sheer velocity of stuff — not to mention capital — was radically slower. The staggering capital requirements of today&#8217;s projects — think billion dollar semiconductor factories — dwarf those of yesteryear.</p>
<p>[..]</p>
<p><span style="text-decoration: underline;">The parable of the disappearing bankers gives the tiniest glimpse of a better way: a path to a smarter kind of growth, built on a different set of institutions — those that operate at micro-scale, instead of mega-scale, built on human relationships, instead of anonymous transactions, self-organizing, instead of &#8220;administered,&#8221; and that have the humanistic and the meaningful, instead of soul-crushingly trivial, hardwired into their very DNA.</span></p>
<p>Maybe, just maybe, banks need people a lot more than people need banks. [...]</p>
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		<title>Compu-Global-Hyper-Mega-Net</title>
		<link>http://www.gdambra.com/2010/12/06/compu-global-hyper-mega-net/</link>
		<comments>http://www.gdambra.com/2010/12/06/compu-global-hyper-mega-net/#comments</comments>
		<pubDate>Mon, 06 Dec 2010 23:30:08 +0000</pubDate>
		<dc:creator>GP</dc:creator>
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		<title>bunga bunga</title>
		<link>http://www.gdambra.com/2010/10/31/bunga-bunga/</link>
		<comments>http://www.gdambra.com/2010/10/31/bunga-bunga/#comments</comments>
		<pubDate>Sun, 31 Oct 2010 13:27:44 +0000</pubDate>
		<dc:creator>GP</dc:creator>
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		<guid isPermaLink="false">http://www.gdambra.com/?p=626</guid>
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			<content:encoded><![CDATA[<p><object classid="clsid:d27cdb6e-ae6d-11cf-96b8-444553540000" width="480" height="385" codebase="http://download.macromedia.com/pub/shockwave/cabs/flash/swflash.cab#version=6,0,40,0"><param name="allowFullScreen" value="true" /><param name="allowscriptaccess" value="always" /><param name="src" value="http://www.youtube.com/v/jMXTOic3gJ0?fs=1&amp;hl=en_US" /><param name="allowfullscreen" value="true" /><embed type="application/x-shockwave-flash" width="480" height="385" src="http://www.youtube.com/v/jMXTOic3gJ0?fs=1&amp;hl=en_US" allowscriptaccess="always" allowfullscreen="true"></embed></object></p>
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		<title>Superangels.. the new funding landscape</title>
		<link>http://www.gdambra.com/2010/10/21/superangels-the-new-funding-landscape/</link>
		<comments>http://www.gdambra.com/2010/10/21/superangels-the-new-funding-landscape/#comments</comments>
		<pubDate>Thu, 21 Oct 2010 12:15:46 +0000</pubDate>
		<dc:creator>GP</dc:creator>
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		<guid isPermaLink="false">http://www.gdambra.com/?p=623</guid>
		<description><![CDATA[There is an interesting essay from the Paul Graham, about what&#8217;s changing in the funding market and startup environment. LINK Here some extracts: [...] For decades there were just those two types of investors, but now a third type has appeared halfway between them: the so-called super-angels. [1] And VCs have been provoked by their [...]]]></description>
			<content:encoded><![CDATA[<p>There is an interesting essay from the Paul Graham, about what&#8217;s changing in the funding market and startup environment. <a href="http://paulgraham.com/superangels.html">LINK</a></p>
<p>Here some extracts:</p>
<p>[...]</p>
<p><em>For decades there were just those two types of investors, but now a third type has appeared halfway between them: the so-called super-angels. <span style="color: #999999;">[<a href="http://paulgraham.com/superangels.html#f1n"><span style="color: #999999;">1</span></a>]</span> And VCs have been provoked by their arrival into making a lot of angel-style investments themselves. So the previously sharp line between angels and VCs has become hopelessly blurred.</p>
<p>There used to be a no man&#8217;s land between angels and VCs. Angels would invest $20k to $50k apiece, and VCs usually a million or more. So an angel round meant a collection of angel investments that combined to maybe $200k, and a VC round meant a series A round in which a single VC fund (or occasionally two) invested $1-5 million.</em></p>
<p><em>[...]</em></p>
<p><em>The no man&#8217;s land between angels and VCs was a very inconvenient one for startups, because it coincided with the amount many wanted to raise. Most startups coming out of Demo Day wanted to raise around $400k. But it was a pain to stitch together that much out of angel investments, and most VCs weren&#8217;t interested in investments so small. That&#8217;s the fundamental reason the super-angels have appeared. They&#8217;re responding to the market.</p>
<p>The arrival of a new type of investor is big news for startups, because there used to be only two and they rarely competed with one another. Super-angels compete with both angels and VCs. That&#8217;s going to change the rules about how to raise money. I don&#8217;t know yet what the new rules will be, but it looks like most of the changes will be for the better.</p>
<p>A super-angel has some of the qualities of an angel, and some of the qualities of a VC. They&#8217;re usually individuals, like angels. In fact many of the current super-angels were initially angels of the classic type. But like VCs, they invest other people&#8217;s money. This allows them to invest larger amounts than angels: a typical super-angel investment is currently about $100k. They make investment decisions quickly, like angels. And they make a lot more investments per partner than VCs—up to 10 times as many.</p>
<p>The fact that super-angels invest other people&#8217;s money makes them doubly alarming to VCs. They don&#8217;t just compete for startups; they also compete for investors. What super-angels really are is a new form of fast-moving, lightweight VC fund. And those of us in the technology world know what usually happens when something comes along that can be described in terms like that. Usually it&#8217;s the replacement.</p>
<p></em></p>
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		<title>La nuova pubblicità Heineiken</title>
		<link>http://www.gdambra.com/2010/10/03/i-favorited-a-youtube-video/</link>
		<comments>http://www.gdambra.com/2010/10/03/i-favorited-a-youtube-video/#comments</comments>
		<pubDate>Sun, 03 Oct 2010 21:56:45 +0000</pubDate>
		<dc:creator>GP</dc:creator>
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