Thursday, January 3, 2013

Transocean fined $1.4 billion in Gulf oil spill. Is justice served?

Transocean, Ltd., agreed Thursday to a $1.4 billion settlement with the US Department of Justice for its role in the 2010 Deepwater Horizon disaster. Compared to BP's $4.5 billion fine, Transocean may have avoided the brunt of the blame.

By David J. Unger,?Correspondent / January 3, 2013

An oil-covered brown pelican sits in a pool of oil along Queen Bess Island Pelican Rookery, about 3 miles northeast of Grand Isle, La., in this June 2010 file photo. In a settlement with the US Department of Justice Thursday, Transocean pled guilty to violations of the Clean Water Act.

Sean Gardner/Reuters/File

Enlarge

Transocean, Ltd., the owner of the ill-fated Deepwater Horizon drilling rig, agreed Thursday to pay $1.4 billion in civil and criminal fines for its role in the 2010 Gulf oil spill, the largest offshore spill in US history.

Skip to next paragraph

Recent posts

' + google_ads[0].line2 + '
' + google_ads[0].line3 + '

'; } else if (google_ads.length > 1) { ad_unit += ''; } } document.getElementById("ad_unit").innerHTML += ad_unit; google_adnum += google_ads.length; return; } var google_adnum = 0; google_ad_client = "pub-6743622525202572"; google_ad_output = 'js'; google_max_num_ads = '1'; google_feedback = "on"; google_ad_type = "text"; google_adtest = "on"; google_image_size = '230x105'; google_skip = '0'; // -->

The fines, which amount to less than a third of what BP paid in fines for the same disaster, may make it seem that the drilling contractor got the better deal. But the relative financial impact on the respective companies suggests otherwise.

Braced for the worst, investors responded positively to Transocean's agreement. Shares of the Houston-based company's stock jumped 5 percent after the Wall Street Journal reported the settlement.?

The company also put the best face on the settlement.

Wednesday, January 2, 2013

Our galaxy's 'geysers' are towers of power

Jan. 2, 2013 ? "Monster" outflows of charged particles from the centre of our Galaxy, stretching more than halfway across the sky, have been detected and mapped with CSIRO's 64-m Parkes radio telescope. Corresponding to the "Fermi Bubbles" found in 2010, the outflows were detected by astronomers from Australia, the USA, Italy and The Netherlands. The finding is reported in the Jan 2 issue of Nature.

"These outflows contain an extraordinary amount of energy -- about a million times the energy of an exploding star," said the research team's leader, CSIRO's Dr Ettore Carretti.

But the outflows pose no danger to Earth or the Solar System.

The speed of the outflow is supersonic, about 1000 kilometres a second. "That's fast, even for astronomers," Dr Carretti said. "They are not coming in our direction, but go up and down from the Galactic Plane. We are 30,000 light-years away from the Galactic Centre, in the Plane. They are no danger to us."

From top to bottom the outflows extend 50,000 light-years [five hundred thousand million million kilometres] out of the Galactic Plane. That's equal to half the diameter of our Galaxy (which is 100,000 light-years -- a million million million kilometres -- across).

Seen from Earth, the outflows stretch about two-thirds across the sky from horizon to horizon. The outflows correspond to a "haze" of microwave emission previously spotted by the WMAP and Planck space telescopes and regions of gamma-ray emission detected with NASA's Fermi space telescope in 2010, which were dubbed the "Fermi Bubbles."

The WMAP, Planck and Fermi observations did not provide enough evidence to indicate definitively the source of the radiation they detected, but the new Parkes observations do.

"The options were a quasar-like outburst from the black hole at the Galactic Centre, or star-power -- the hot winds from young stars, and exploding stars," said team member Dr Gianni Bernardi of the Harvard-Smithsonian Center for Astrophysics, in Cambridge, Massachusetts. "Our observations tell us it's star-power."

In fact, the outflows appear to have been driven by many generations of stars forming and exploding in the Galactic Centre over the last hundred million years.

The key to determining this was to measure the outflows' magnetic fields.

"We did this by measuring a key property of the radio waves from the outflows -- their polarisation," said team member Dr Roland Crocker of the Max-Planck-Institut fuer Kernphysik in Heidelberg, Germany, and the Australian National University.

The new observations also help to answer one of astronomers' big questions about our Galaxy: how it generates and maintains its magnetic field. "The outflow from the Galactic Centre is carrying off not just gas and high-energy electrons, but also strong magnetic fields," said team member Dr Marijke Haverkorn of Radboud University Nijmegen in The Netherlands.

"We suspect this must play a big part in generating the Galaxy's overall magnetic field."

Share this story on Facebook, Twitter, and Google:

Other social bookmarking and sharing tools:


Story Source:

The above story is reprinted from materials provided by CSIRO Australia.

Note: Materials may be edited for content and length. For further information, please contact the source cited above.


Journal Reference:

  1. Ettore Carretti, Roland M. Crocker, Lister Staveley-Smith, Marijke Haverkorn, Cormac Purcell, B. M. Gaensler, Gianni Bernardi, Michael J. Kesteven, Sergio Poppi. Giant magnetized outflows from the centre of the Milky Way. Nature, 2013; 493 (7430): 66 DOI: 10.1038/nature11734

Note: If no author is given, the source is cited instead.

Disclaimer: Views expressed in this article do not necessarily reflect those of ScienceDaily or its staff.

Source: http://feeds.sciencedaily.com/~r/sciencedaily/space_time/nasa/~3/Ru0DlQ5ebdg/130102140349.htm

holocaust remembrance day chesapeake energy dick clark death yom hashoah yolo liquidmetal gsa scandal

Top Afghan negotiator optimistic over peace prospects

KABUL (Reuters) - A top Afghan peace negotiator said he was cautiously optimistic about prospects for reconciliation with the Taliban and that all sides now realized a military solution to the war was not possible.

Mohammad Masoom Stanekzai also told Reuters that the Kabul government hoped to transform the Afghan Taliban, who have proved resilient after more than a decade of war against U.S.-led NATO and Afghan troops, into a political movement.

He predicted the highly lethal Haqqani militant network, the most experienced at guerrilla warfare, would join the peace process if the Afghan Taliban started formal talks.

Signs are emerging that the Afghan government is gaining momentum in its drive to persuade the Taliban to lay down their arms before most NATO combat troops pull out by the end of 2014, a timeline that makes many Afghans nervous.

Members of the Afghan government, the Taliban and some of their old enemies in the Northern Alliance, which fought the Taliban for years, discussed ways of easing the conflict during a recent meeting in France.

"I think one consensus was that everybody acknowledged that nobody will win by military (means)," said Stanekzai, who was badly wounded in a 2011 Taliban suicide bombing attack. "Everybody acknowledged that we have to enter into a meaningful negotiation."

Pakistan, long accused of supporting Afghan insurgents such as the Taliban, has sent the strongest signals yet that it will deliver on promises of helping the Kabul government and the United States bring stability to its neighbor. Pakistan is seen as critical to the process after three decades of upheaval in Afghanistan.

Ten years of Soviet occupation were followed by devastating civil war and the rise of the Taliban, who ruled from 1996 to 2001.

On Monday, Pakistan freed four Afghan Taliban prisoners who Afghan officials said were close to the group's reclusive leader, Mullah Mohammed Omar, and still had the clout to persuade commanders to pursue peace.

"EVERYBODY SHOULD BENEFIT"

Stanekzai stressed that in order to bring long-term stability, reconciliation efforts should aim to bring the Taliban and other insurgents into Afghan politics.

"The purpose of the peace process is we want all Afghans to be part of the political system," said Stanekzai, who studied at Cambridge and was in charge of disarmament in Afghanistan before becoming a senior member of the High Peace Council.

"This peace process should not just be a deal between a few people or between the government and the Taliban, but everybody should benefit from the peace process, and everybody should see a peaceful prospect for themselves for the future."

Some activists fear that the government will make concessions in order to pacify the Taliban that could hurt efforts to improve women's rights.

Stanekzai said Afghan security forces had made progress but acknowledged that more work was needed to ensure they would be ready to take over when the U.S. combat mission ends in 2014.

He also believes a free and fair presidential election in April 2014 are essential to prevent any further conflict. The last vote was plagued by allegations of widespread fraud.

"This is the time where we have to enter in negotiations to make sure that does not happen. But, as you know, politicians are always politicians. They are always in a power game."

Stanekzai warned that reconciliation was complex, with many moving parts having to be synchronized.

The Haqqanis, who are close to al Qaeda and have been blamed for a number of high-profile attacks on Western and Afghan targets in Kabul, are regarded as a possible spoiler.

But Stanekzai did not seem too concerned about the group.

"When you go to a market you always use a brand name and then you sell your very low-quality product under that brand name," he said.

"We enter a negotiation with the Taliban which is the brand marketable name. The rest is easy."

Asked if he thought there would be a major breakthrough in peace efforts this year, Stanekzai said conditions had been established to make that possible. But he noted that Afghanistan was highly unpredictable.

"Anything can happen. You don't know which direction these different actors will take," he said.

Stanekzai knows that first hand.

He recalled how a man posing as a Taliban peace envoy kissed the hand of ex-Afghan president and chairman of the High Peace Council Burhanuddin Rabbani before detonating a bomb hidden in his turban.

Rabbani was killed instantly and Stanekzai was badly wounded. Faith in Islam has helped him recover.

"The suicide bomber was between the both of us and when he lowered his head, I remember there was a light and a bang and that was the last thing I remember. Next thing I remember was I was in the hospital," said Stanekzai, sitting near his cane.

"It's life," he said. "In Islam, in our religion, it says even if you are in the middle of fire, Allah can save you."

(Editing by Nick Macfie)

Source: http://news.yahoo.com/top-afghan-negotiator-cautiously-optimistic-peace-prospects-033807858.html

demi moore 911 call ipo jim rome ufc on fox 2 weigh ins convulsions john tyler chuck

Venture Capitalist Fred Wilson Just Did The Hardest - Business Insider

Venture capitalist Fred Wilson, of Union Square Ventures, has helped his firm post some of the best returns in the entire VC industry over the past five years.

The firm's performance has been nothing short of spectacular, and Fred Wilson's reputation has justifiably soared.

And yet, in 2012, even though USV had some amazing exits that coined money for the firm, its partners, and its clients, Wilson said in a recent blog post that he feels like it was a "shitty year."

Why?

Because Wilson did not make a single investment in 2012.

In fact, Wilson has not made a single investment since the summer of 2011--more than 18 months ago.

For a firm that has made dozens of investments over the last five years, and has been on a tremendous roll, that is highly unusual.

Usually, when firms and investors get on a hot streak, the partners get giddier and more aggressive as the streak continues.

They begin to feel like they're playing with "house money," boatloads of it, and they start throwing that money at whatever strikes their fancy.

They also feel pressure to continue to justify their reputations (and fees), and keep the momentum going.

So when they're not making investments, they feel like they're "doing nothing"--resting on laurels based on past accomplishments having nothing do to with what they are doing right now.

And yet, for those who have been around long enough to understand the ebb and flow of investment cycles, it is clear that "doing nothing" is often the smartest investment decision of all.

Every great investment opportunity goes through this investment cycle.

In the beginning, when the opportunity is truly "speculative"--when most people think investing in the opportunity is obviously stupid--a few brave souls make brave bets and then cash in on extraordinary early returns.

Then, everyone else sees those returns, and the money rushes in.

Soon, all the investment money bids up prices and creates a wave of competitors vying for the same opportunity, and investment returns begin to drop.

Eventually, the "fools" rush in, bidding prices up to truly silly levels, and dozens of competitors fight over the tiny crumbs of opportunity left on the table.

Then returns collapse and the cycle ends.

The consumer Internet cycle that drove Union Square Ventures' returns over the past 5-7 years began to wind down a year or two ago. So many investors had jumped into the game, so many companies were attacking the opportunity, and valuations had gotten so high that expected returns for small startups had begun to drop. There was massive excitement in the sector, of course--and huge "buzz" (in part because so many people were in the game)--but the fundamentals were no longer attractive. So the smartest investors began to scale back and look elsewhere.

Or, in the case of Union Square, they just began to say "no."

It's hard to imagine how many serious business plans and opportunities Union Square has said "no" to over the past 18 months. If I had to guess, I'd say it was on the order of 10 per day, or about 500 over the period. And that's just the serious ones.

Saying "no" when the rest of the industry (and your competitors) are in a feeding frenzy is difficult.

You often look and feel like an idiot.

No matter how confident you are that the cycle has played out, you know that you might be wrong, and that you'll end up with your reputation in tatters, looking like a fool.

So saying "no" is extremely hard to do.

But, in investing, it's occasionally the smartest thing to do.

So, even though Fred Wilson feels like he had a "shitty year" in 2012 because he didn't make any new investments, it's possible (likely, even) that he will end up having had a much better year than almost every other VC in the industry.

In other words, Wilson may have demonstrated again that the performance Union Square has delivered over the past 5 years is no fluke and that he and his partners Brad Burnham and Albert Wenger deserve their reputations as one of the most talented investment teams in the industry.

SEE ALSO: FRED WILSON: 2011 Was A 'Shitty Year'

Source: http://www.businessinsider.com/vc-fred-wilson-just-said-no-2013-1

stephen hill draft tracker the pirates band of misfits cleveland browns minnesota twins bobby abreu 2012 draft

Tuesday, January 1, 2013

Afghan violence falls in 2012, insider attacks up

KABUL, Afghanistan (AP) ? Violence in Afghanistan fell in 2012, but more Afghan troops and police who now shoulder most of the combat were killed, according to statistics compiled by The Associated Press.

At the same time, insider killings by uniformed Afghans against their foreign allies rose dramatically, eroding confidence between the sides at a crucial turning point in the war and when NATO troops and Afghan counterparts are in more intimate contact.

"The overall situation is improving," said a NATO spokesman, U.S. Air Force Lt. Col. Lester T. Carroll. He singled out Afghan special forces as "surgically removing insurgent leaders from the battle space."

Gen. Mohammad Zahir Azimi, spokesman for the Afghan Ministry of Defense, said Afghan forces were now charged with 80 percent of security missions and were less equipped to face the most lethal weapon of the militants ? roadside bombs.

"Our forces are out there in the battlefields and combat areas more than at any other time in the past," he said, citing reasons for the spike in casualties.

U.S. troop deaths, overall NATO fatalities and Afghan civilian deaths all dropped as insurgent attacks fell off in their traditional strongholds in the south and east. However, insurgent activity rose in the north and west, where the Taliban and other groups have been less active in the past, and overall levels of violence were higher than before a U.S. troop surge more than two years ago.

U.S. troop deaths declined overall from 404 last year to 295 as of Saturday. The Defense Department says 1,701 U.S. troops have been killed in action in Afghanistan since the U.S. invasion in 2001 until Dec. 26. Of those, 338 died from non-hostile causes. Some 18,154 were wounded.

A total of 394 foreign troops, including the Americans, were killed in 2012, down from 543 in 2011. The British, with the second-largest military presence, had 43 killed ? the second-highest toll among countries with forces in Afghanistan, by AP's count. The figure includes a Georgian soldier who went missing on Dec. 18 and whose body was turned over to NATO on Saturday.

The AP keeps daily tallies of casualties and violent incidents across Afghanistan based on reports from NATO and Afghan officials. Most cannot be independently verified, and other incidents may never come to light. The statistics sometimes vary from official counts because of time lags, different criteria and other reasons.

Deaths from so-called insider attacks ? Afghan police and troops killing foreign allies ? surged to 61 in 45 attacks last year compared with 2011, when 35 coalition troops were killed in 21 attacks.

The number, provided by the NATO command, does not include the Dec. 24 killing of an American civilian adviser by a female member of the Afghan police because the investigation is ongoing.

The focus of NATO's mission has largely veered from the battlefield to training the Afghans ahead of a pullout of most troops by 2014. The U.S plans to maintain a residual force, the size of which is now being determined.

A NATO report that tracks violence in the country showed a rise this year compared with the period before the surge of U.S. troops into the country. But the levels were down from last year and a peak in the summer of 2010. Kabul and the country's second-largest city, Kandahar, saw a considerable drop in lethal attacks, but districts in Kandahar province remain among the most restive in Afghanistan.

Militant attacks, the report said, decreased countrywide by 7 percent through November compared with the same 11-month period last year. But they were up in the northern and western parts of the country, which previously had been among the most peaceful regions.

Although NATO officials frequently credit Afghan troops with successful unilateral operations, a recent U.S. congressional report noted that higher-level Afghan units still need vital air, logistics and other support from foreign forces.

More Afghan police and soldiers are dying in the conflict, according to numbers provided by the interior and defense ministries.

More than 1,050 Afghan troops died this year, substantially higher than last year, although the ministry could not provide the exact 2011 death toll.

Nearly 1,400 police died in the 10 months from March 21 to the end of the year, compared with about the same number for the 12 months beginning March 21, 2011. The Afghan government follows a calendar year starting March 21.

NATO says Afghan security forces have grown from 132,000 in March 2011 to 333,000 this month.

The AP tally showed that at least 822 Afghan civilians had been killed by the Taliban and other militants this year while another 119 died in NATO airstrikes and other operations. That was a decrease from last year, when 1,151 were killed by insurgents and 283 by NATO. Substantially smaller numbers perish when caught in crossfires.

The United Nations reported different casualty figures but also noted that civilian deaths had decreased, reversing a five-year trend of mounting civilian deaths. Its latest report says that during the first six months of the year, 1,145 civilians died in conflict-related violence, compared with 1,510 in the same period of 2011. The U.N. considers insurgent land mines and roadside bombs to be particularly deadly for civilians.

Close to 3,000 militants were reported to have been killed by coalition and Afghan forces this year, compared with more than 3,500 last year. The NATO command does not issue reports on the number of insurgents its troops have killed, and Afghan military figures, from which the AP compiles its data, cannot be independently verified.

Source: http://news.yahoo.com/afghan-violence-falls-2012-insider-attacks-160058346.html

emma roberts north korea news north korea news giuliana and bill giuliana and bill bill rancic nflx

AU warns of sanctions if rebels take over CAR

ADDIS ABABA, Ethiopia (AP) ? Rebels advancing to the capital of the Central African Republic of will face sanctions and the country suspended from activities of the African Union if they seize power, an AU official warned Monday.

Chairwoman of the Commission of the AU Nkosazana Dlamini Zuma said the AU rejects any attempt to seize power forcefully. Any attempt to seize power unconstitutionally will result in sanctions against the perpetrators and their total isolation, Zuma said.

Central African Republic President Francois Bozize said Sunday during a press conference after talks with the head of the AU, Benin's President Thomas Boni Yayi, that he is not against forming a coalition government with the rebels.

Rebels accuse the president of kidnapping people suspected of supporting the rebels who have seized 10 cities in the country's north over the past three weeks.

The impoverished nation has suffered many army revolts, coups and rebellions since gaining independence in 1960.

Zuma urged CAR armed groups to put an immediate end to their military offensive and to commit to dialogue with the view to finding a lasting solution to the recurring instability experienced in the country.

The rebels behind the most recent instability signed a 2007 peace accord allowing them to join the regular army, but insurgent leaders say the deal wasn't fully implemented.

The rebels have made a rapid advance across the country's north and residents in the capital, Bangui, now fear the insurgents could attack at any time, despite assurances by rebel leaders that they are willing to engage in dialogue instead of attacking Bangui.

On Saturday the rebels seized the city of Sibut, 185 kilometers (114 miles) from Bangui. Sibut, a key transportation hub, fell without a shot being fired because the Central African Republic army and forces from neighboring Chad had pulled back to Damara, 75 kilometers (46 miles) from Bangui on Friday, said Minister of Territorial Administration Josie Binoua.

Neighboring African countries have agreed to send more forces to support the Bozize government.

Representatives from the 10-nation Economic Community of Central African States, or ECCAS, agreed at a meeting in Gabon Friday to send forces to CAR, but did not did not specify how many troops would be sent or how quickly the military assistance would arrive.

The ECCAS states, with more than 500 soldiers via their regional peacekeeping force in Central Africa, over the weekend warned the rebels to halt their advances.

The ongoing instability prompted the United States to evacuate about 40 people, including the U.S. ambassador, from Bangui on an U.S. Air Force plane bound for Kenya, said U.S. officials who insisted on anonymity because they weren't authorized to discuss the operation.

The United States has special forces troops in the country who are assisting in the hunt for Joseph Kony, the fugitive rebel leader of another rebel group known as the Lord's Resistance Army. The U.S. special forces remain in the country, the U.S. military's Africa Command said from its headquarters in Stuttgart, Germany.

The evacuation of the U.S. diplomats came after criticism of how the U.S. handled diplomatic security before and during the attack on its consulate in Benghazi, Libya, on Sept. 11. The ambassador and three other Americans were killed in that attack.

French diplomats have remained in Bangui despite a violent demonstration outside its embassy last week. Dozens of protesters, angry at France's lack of help against rebel forces, threw rocks at the French Embassy in Bangui and stole a French flag.

CAR is a landlocked nation of 4.4 million people is one of the poorest countries in the world. The current president himself came to power nearly a decade ago in the wake of a rebellion in this resource-rich yet deeply poor country.

Despite Central African Republic's wealth of gold, diamonds, timber and uranium, the government remains perpetually cash-strapped.

Source: http://news.yahoo.com/au-warns-sanctions-rebels-over-car-102357322.html

bus driver uppercut Argo joe biden Alex Karras BCS Rankings 2012 the walking dead the walking dead

Legimi Wants To Be The 'Spotify For Ebooks' With A Business Model ...

Legimi is definitely a startup I?ll be watching closely in 2013. Put simply, it aims to be the ?Spotify for ebooks,? in which for a monthly subscription, users get access to a potentially infinite library of reading material, all accessible via the cloud. But more than that, this Polish startup, whether it succeeds or not, epitomises the collision of old media business models with new technology and new consumer habits.

After years of being told that one day consumers will access all of their media from the cloud, anytime and anywhere, thanks to the likes of Spotify, Deezer and Rdio (music), or Netflix, Lovefilm and Hulu (film and television), that day has finally arrived.?The subscription, cloud-based model, combined with new consumption devices ? tablets, smartphones, and Internet-connected TVs and set-top boxes ? and near-ubiquitous broadband, has ushered in an era where consumers no longer feel the need or desire to own the media they consume.?So, why not apply that same consumption model to ebooks?

Well, as it turns out, there are a number of companies who already are, but in many ways it?s still very early days. Niche offerings, such as Safari Books Online, which specialises in professional and developer-related content, have been around for a while, where a subscription model is viewed by publishers as less-risky because the audience is already somewhat ring-fenced, and content becomes outdated quickly. More mass-market is Amazon?s Kindle Owners? Lending Library, but this is still very limited and can hardly make the claim to be anything close to a ?Spotify for ebooks.? Then there?s the much-hyped and Founders Fund-backed Oyster, which is yet to launch but plans to offer an all-you-can-eat subscription model with an emphasis on mainstream content.

However, the New York-based startup is remaining tight-lipped about which publishers are signed up, and it?s here where many commentators predict that any subscription-based ebook service will fall down at the last hurdle: They simply won?t be able to strike the content licensing deals required, with the number of publishers needed to make the all-you-can-eat proposition a reality. That?s because the new consumption model requires a new licensing model where publishers are given a share of subscription revenue based on the number of books accessed.

Or does it?

This is where we return to Poland. Legimi thinks it?s found a way to change the consumer offering without having to tear up the legal or commercial framework that already exists for ebooks on a pay-per-download basis.

?Our approach is different; we pay the whole price of an ebook once an end user exceeds its free sample (approximately 10 percent of the book),? Legimi co-founder and CEO Mikolaj Malaczynski tells me in an email. The premise being that most readers never make it past the free excerpt, but if they do, the company pays the full wholesale price to publishers. ?We have statistically calculated the average consumption for tablet users and smartphone users, which is lower than one book per month,? he says.

Or maybe another way of looking at it is that the business model relies on a tl;dr generation (my words, not Malaczynski?s) where multiple content and services are constantly vying for a user?s attention, and that this is especially true when content is consumed on an always-connected tablet or smartphone. Whether or not consumers are reading less long-form content or not, however, perhaps misses the point. As long as the number of books read past the free sample remains inline with the overall economics of a monthly subscription, then the model could work, or at least act as a bridge until such time when publishers are more willing to embrace the idea of a subscription model.

To that end, Legimi has already launched an MVP in the form of an iPad app in the startup?s native Poland, while an iPhone version should follow in January, with Android and Windows Phone also in the pipeline. I?m told that major publishers locally are playing ball, too, such as W.A.B., Insignis, Muza, and Buchmann, enabling Legimi to offer a range of popular international and domestic titles.

Moving forward, Malaczynski says that the priority is to keep expanding the available catalogue and to optimise the business model, presumably to find the sweet spot in terms of what to charge. But much more ambitiously, Legimi is planning to launch in two additional European markets next, likely Germany and the UK. It?s at this point when the licensing ?loop hole? and assumptions about consumption will really be tested.

?If you ask about the average consumption of one book per month, I am not sure if it?s a universal figure,? concedes Malaczynski. ?We will need to test it market by market, but we have an algorithm to verify it.?

On the upside, Malaczynski says that the rights infrastructure for publishing doesn?t differ too much between countries, meaning that Legimi can hopefully avoid spending ?years negotiating new agreements with publishers, which don?t really understand the subscription model.?

And that?s where we come full circle. In the end, a ?Spotify for ebooks? seems inevitable, as consumer habits find themselves ahead of the market once again. It?s probably more a case of when not if. Perhaps Legimi, or another startup willing to take its model and run with it, can help to make it happen sooner rather than later. Here?s to 2013.


Legimi.com is a Polish online eBookstore with books, magazines and blogs. Legimi also develops cloud reading mobile applications for iPad, iPhone, Android, Windows Phone and PC.

? Learn more

Oyster is an iPhone app that gives members unlimited access to an ever-growing library of books. Read as much as you want for a single monthly price.

? Learn more

Source: http://techcrunch.com/2012/12/31/legimi-tl-dr/

rampart jimmy fallon jimmy fallon nick collins dave matthews ambien wwdc