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All Friday Reports are posted at www.vardaman.com/friday.phpVardaman Virtual Forestry CompanyFRIDAY REPORT OF 10/28/05The Most Direct, Frequent Link to Knowledge Workers in the Eastern Forest Economy“A MARKET FOR IDEAS”Our title and quotes below are from The Economist of 10/20/05: “In recent years intellectual property has received a lot more attention because ideas and innovations have become the most important resource, replacing land, energy and raw materials. As much as three-quarters of the value of publicly traded companies in America comes from intangible assets, up from around 40% in the early 1980s. ‘The economic product of the United States,’ says Alan Greenspan, the chairman of America’s Federal Reserve, has become ‘predominantly conceptual.’ Intellectual property forms part of these conceptual assets. “In information technology and telecoms in particular, the role of intellectual property has changed radically. What used to be the preserve of corporate lawyers and engineers in R&D labs has been speedily embraced by the boardroom. ‘Intellectual asset management’ now figures as a strategic business issue. In America alone, technology licensing revenue accounts for an estimated $45 billion annually; worldwide, the figure is around $100 billion and growing fast… “The new predominance of intellectual property in technology industries is fed by a number of broader industry trends. First, IT and telecoms have become so complex that there is a greater willingness to accept the innovations of others. Gone are the days when vertically integrated firms handled every step of a product, from initial design to final sale. Now, a small army of specialist firms focus on narrow portions of technology, using intellectual-property rights to protect their inventions when they are licensed out… To read the complete four-page article, click on http://www.economist.com/printedition/displaystory.cfm?story_id=5014990 BLOG IN THE EASTERN FORESTRY FIELDTHE WALL STREET JOURNAL of 10/24/05 contained the following: “Blogs are frequently updated online journals, written by pretty much anybody – professionals, hobbyists or regular Joes reaching out to share their thoughts, information and photographs with others. Few consider their blogs a business, though the growing use of advertising links and blog sponsorships have helped some turn a modest profit… “If you’re an expert within your industry or a passionate hobbyist who can bring insight to a topic – and have the ability to turn a phrase – your musings may attract a buyout offer. Strong traffic to your blog, numerous links to it from other blogs and frequent reader feedback are a few signs your blog is generating buzz that can attract buyers.” We publish the “Friday Report,” an e-mail newsletter that helps making money in the eastern forest economy. We e-mail a copy to each subscriber who registered on our Internet site (440 so far); another is posted on www.vardaman.com/friday.php. In addition, our 8-page tracking report gives minute-by-minute details of all visits to the posted copy. So far during 2005, there have been 821 unique visitors this month and 14,700 this year. Most are from the U.S., but some are from 17 foreign countries (Singapore [!] most of all). “NOT THE ROOT CAUSE”Our title and quotes below are from The Economist of 10/13/05: “Every year, massive floods cause misery to millions of people living in Bangladesh, Cambodia, China, India, Thailand, Vietnam and elsewhere in the Asian lowlands. Politicians and environmentalists alike commonly attribute such disasters to the clearing of Asia’s upland mountain forests. But this blame is unfairly attributed, according to a United Nations report published this week… “The report’s numerous authors also attack claims that the presence of trees prevents catastrophic landslides. It is true, they say, that tree roots can trap sliding soil but only for shallow landslides of up to a metre in depth. If the slipping soil is deeper than three metres, the presence of trees will not be sufficient to stop the slide… “The huge economic losses attributed to flooding in recent years are mainly a reflection of economic growth, increased investment in infrastructure and rapidly growing flood plain populations. Floods are no more frequent today than they were 120 years ago, when lush forests were abundant. The problem is just that more people now live and work on flood plains.” To read the complete article, click on http://www.economist.com/displaystory.cfm?story_id=5017158 “NANOBIOETHICS
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