"The panel topic was inspired by recent blog rants by Jason Calacanis, Robert Scoble and Michael Arrington, all of whom have taken potshots at the PR industry as unnecessary or broken in the new social media order.

Of course, as was the intent, their pieces caused a teapot-tempest in the sector, although I said at the start of the panel that I was not so sure that PR folks should bite at this particular bait from a trio of bloggers well known for liking to start controversial debates.

In any case, it was a good discussion to a packed audience about what the implications of social media are for the PR business–essentially, fewer press releases and more Twitters!

My take was that as much as things have changed, little actually has and that social media was not going to turn a weak pitch into a strong one."

“I've known for some time the risks inherent in owning Sirius XM Radio (NASDAQ: SIRI), but never in my right mind did I think the company would fail, leaving shareholders with nothing but a worthless stock certificate.

And yet here we are today with SIRI trading for 25 cents per share and a market capitalization of less than $800 million. Investors are expecting the worst with SIRI. All that remains is pure speculation on survival or failure.

It really comes down to that simple question: Will SIRI make it?

If the answer is yes, then investors can still reap a tremendous reward. If the answer is no, investors will lose everything.”

"After 41 years, the National League Cy Young Award has returned to San Francisco. Tim Lincecum this morning became the second San Francisco Giant to win baseball's most coveted pitching honor and the first since Mike McCormick in 1967.

In balloting announced by the Baseball Writers Association of America, Lincecum won in a landslide. He garnered 23 of 32 first-place votes, seven second-place votes and one third-place vote, for a total of 137 points. One writer did not name Lincecum on his or her ballot."

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Videos from Web 2.0 Summit – November 2008 in San Francisco