Sarah Treanor:

For while other countries have struck oil and then binged on the revenues, by contrast Norway is continuing to invest its oil and gas money in a giant sovereign wealth fund.

The fund, worth about $800bn (£483bn), owns 1% of the entire world’s stocks, and is big enough to make every citizen a millionaire in the country’s currency, the kroner. In effect, it is a giant savings account.

1% of all the stocks in the world. Crazy (smart).

We’ll see how this plays out in the long run, but it strikes me as smart for any “boom” town to diversify as much as possible when they can — before they can’t, and they’re screwed.

We have tried using the Windows Phone OS. But it has been difficult to persuade consumers to buy a Windows phone. It wasn’t profitable for us. We were losing money for two years on those phones. So for now we’ve decided to put any releases of new Windows phones on hold.
Richard Yu, head of Huawei’s consumer business group, in an interview with WSJ. Worth noting that his comments on Windows Phone are still slightly better than those about Tizen, which has says has “no chance to be successful.”

Landon Thomas Jr.:

Mr. Bloomberg, 72, has vowed to give away his $32.8 billion fortune before he dies. In doing so, he hopes to sharply reduce high smoking rates in Turkey, Indonesia and other countries; bring down obesity levels in Mexico; reduce traffic in Rio de Janeiro (and Istanbul); improve road safety in India and Kenya; prevent deaths at childbirth to mothers in Tanzania; and organize cities worldwide to become more environmentally friendly and efficient in delivering services.

Is that all?

Reading this, you’d think Cleveland is the luckiest city in the world of sports. Until you realize that they haven’t won a championship in any major sport in 50 years…

Still, pretty insane how lucky they had to be in order to pull off this Love trade. Also, for tennis fans, that fact that Love will be wearing number 0 is perfect.

Kevin Ashton:

Saying “no” has more creative power than ideas, insights and talent combined. No guards time, the thread from which we weave our creations. The math of time is simple: you have less than you think and need more than you know. We are not taught to say “no.” We are taught not to say “no.” “No” is rude. “No” is a rebuff, a rebuttal, a minor act of verbal violence. “No” is for drugs and strangers with candy.

I love and agree with everything about this post.