2010 was a whirlwind year for the world’s markets and economies.
Greece and Ireland suffered economic bailouts to avoid taking down the rest of Europe.
While Europe stumbled and the U.S. sputtered on the road to recovery, oil, gold and other commodities are back at record highs, fueled by growth in places like China, Brazil and India.
America’s banks were forced to halt or delay home foreclosures over shoddy paper work, prolonging the U.S. housing malaise, but mortgage rates hit record lows.
Globally, unemployment continues to fester, as workers everywhere wake up to changing labor needs in an increasingly inter-connected and automated global market place.
With stocks in the U.S. rallying to two-year highs and housing prices there perhaps stabilizing, could 2011 be the year it all starts to turn around?
Watch Quest and Ali duke it out over THEIR predictions for your money in 2011
New York – Guess what? You probably have too many friends. That is one of the many things I learned from my recent chat with Caterina Fake. As one of the co-founders of Flickr and head of the technology development group at Yahoo!, Fake was at the center of the surge in social networking. Now that we all made the jump and are living our lives online via Facebook and Twitter and the like, Fake predicts we will want to fine tune the experience.
“In this era we have promiscuously friended everybody and we have made connections and we have friended people who aren't truly our friends,” explains Fake. “One of the things that is important after we have gone through that phase is that there will be a contraction. You'll start to realize that ‘I can only pay attention to this number of people’.”
This number happens to be around 150, according to Fake. Give or take. That is not to say that Fake is suggesting people start de-friending en masse. Instead she thinks the need to cut down the noise on the web will lead to a boom in personalization. Her new company, Hunch, aims to capitalize on that. The site allows users to create a taste profile and then uses that to help make recommendations for products or services you are searching for.
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