The video ad market is still heating up, but AOL is betting it will come to a boil very soon. It’s making a major bet with a new streaming service on Huffington Post that will launch in the summer and promises live content 12 hours a day, five days a week and hope to get up to 16 hours a day by 2013.
The service itself is ambitious, but even more so is the investment AOL is putting behind it: $30 million, according to an AOL source. HuffPo plans to create all the video itself. It will dedicate 100 employees to the operation. The scale of the effort would put it on track to be one of the largest producers of original for the Web video around.
Most spiral galaxies in the Universe have a bar structure in their centre, and Hubble’s image of NGC 1073 offers a particularly clear view of one of these. Galaxies’ star-filled bars are thought to emerge as gravitational density waves funnel gas toward the galactic centre, supplying the material to create new stars. The transport of gas can also feed the supermassive black holes that lurk in the centres of almost every galaxy…
…More intriguing still, three of the bright points of light in this image are neither foreground stars from the Milky Way, nor even distant stars in NGC 1073. In fact they are not stars at all. They are quasars, incredibly bright sources of light caused by matter heating up and falling into supermassive black holes in galaxies literally billions of light-years from us. The chance alignment through NGC 1073, and their incredible brightness, might make them look like they are part of the galaxy, but they are in fact some of the most distant objects observable in the Universe.
Image: The NASA/ESA Hubble Space Telescope has taken a picture of the barred spiral galaxy NGC 1073, which is found in the constellation of Cetus (The Sea Monster). Via NASA.
A fuel tank in a JSTARS, a sophisticated aircraft that tracks troop movements, burst during aerial refueling because a civilian mechanic inadvertently left a test plug in a tank’s fuel vent system, according to an Air Force accident investigation report. The aircraft landed safely at Al Udeid Air Base in Qatar. No one was injured.
Investigators estimated the maintenance error caused $25 million in damage to the plane.
Say wha? This millionaire wanted to spend the rest of his life with his 42-year-old girlfriend, so he adopted her. And that’s just the beginning of the story…
The air-conditioner heir’s novel approach to everlasting love has done more than raise eyebrows. It is key to a multimillion-dollar wrongful-death lawsuit by the family of 23-year-old Scott Wilson, whom Goodman is accused of mowing down with his Bentley two years ago in Palm Beach County, Fla.
Besides the civil action, the 48-year-old Goodman is facing criminal charges — drunken-driving manslaughter, vehicular homicide and leaving the scene of a crash — in connection with Wilson’s death. His trial starts next month. If convicted of all charges, Goodman could spend up to 30 years behind bars.
Wilson’s parents are challenging the adoption of Heather Hutchins, telling a circuit court the move is simply a way to shield Goodman’s fortune. Judge Glenn Kelley granted them access to information about the adoption but admitted he has little power to challenge the move, which has diverted the case into what he described as “a legal twilight zone.”
Information obesity, that is. Clay Johnson sums it up quite well in this LA Times piece.
The problem is that these days you can feast on information as never before, and you can do it without leaving the living room couch. But consuming too much of the wrong kind of information can lead to…
In 2009 at the age of 25 I was diagnosed with rheumatoid arthritis. I am sick and in pain every day of my life. Self-employed, the only insurance I can get is with our state high risk pool. My medications cost thousands of dollars a month. My 63-year-old mother, a retired school teacher, now works to help me stay afloat financially and pay my medical bills. I want to live to see her enjoy retirement. If republicans are elected in 2012, they want to do away with government-funded healthcare. I do not want to live my life in a wheelchair or die young of complications of untreated RA.
A sampling of IPOs from the last year reveals that almost all major new tech offerings soared on overheated initial expectations at first, but quickly deflated thereafter. Reports surfaced late yesterday that said Facebook is expected to file paperwork indicating it plans to raise $5 billion using five banks as underwriters, led by Morgan Stanley.
The day after Valentine’s Day, Skillshare SF will be launching an exciting joint venture with Hub Bay Area. Skillshare Night - a twice monthly event - brings Skillshare’s budding community together in one of the most unique physical spaces in SF - the community and work space Hub San…