miercuri, 30 mai 2012

An Especially Meritorious Contribution

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Wednesday, May 30, 2012

 

An Especially Meritorious Contribution

Yesterday, President Obama honored 13 Americans with the Presidential Medal of Freedom, the highest honor awarded to civilians in the United States who have made "an especially meritorious contribution to the security or national interests of the United States, world peace, cultural or other significant public or private endeavors."

This year's recipients include cultural icons like Bob Dylan and Toni Morrison, as well as groundbreaking pioneers like former Secretary of State Madeleine Albright and astronaut John Glenn.

Watch as Madeleine Albright explains what the Medal of Freedom means to her:

Video with Madeleine Albright

In Case You Missed It

Here are some of the top stories from the White House blog:

What the Medal of Freedom Means to Me: John Glenn
John Glenn is a national hero, the first American to orbit the earth in 1962. He says that receiving the Presidential Medal of Freedom was truly a humbling experience.

The 50th Anniversary of the Vietnam War
Watch a video to see some of the highlights from President Obama's speech at the Vietnam War Memorial.

President Obama Celebrates U.S. Troops on Memorial Day
President Obama marks Memorial Day with events at Arlington National Cemetery and the Vietnam War Memorial.

Today's Schedule

All times are Eastern Daylight Time (EDT).

10:30 AM: The President attends an annual hurricane preparedness briefing

11:40 AM: The President signs the reauthorization of the Export-Import Bank WhiteHouse.gov/live

2:00 PM: Press Briefing by Press Secretary Jay Carney WhiteHouse.gov/live

5:00 PM: The President hosts a Jewish American Heritage Month reception WhiteHouse.gov/live

WhiteHouse.gov/live Indicates that the event will be live-streamed on WhiteHouse.gov/Live

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SEO Isn't Magic - So Stop Doing SEO Tricks

SEO Isn't Magic - So Stop Doing SEO Tricks


SEO Isn't Magic - So Stop Doing SEO Tricks

Posted: 29 May 2012 01:47 PM PDT

Posted by RuthBurr

Hi everybody! My name is Ruth Burr and I’m the new Lead SEO here at SEOmoz. I’m super excited to be here! I’ll be posting on SEO here regularly going forward, but for my first post I wanted to tell you guys that when it comes to SEO, this is how I roll:
 
I know a woman who’s recently lost about 30 pounds. She looks great, but I can’t tell you how many times I’ve heard someone compliment her on her new look and then ask, “What’s your secret?” “Just eating right and exercising,” she replies – and their faces invariably fall. Eating right and exercising? BO-RING! Sounds hard!
 
SEO is like weight loss: focus on the long term for best results.The truth is, we’re all looking for shortcuts to help us get the results we want without putting in the work we need to do to achieve them (think about the “1 Weird Old Trick” ads you see everywhere). We step on the scale, think about the hard low-cal high-cardio road ahead, and think, “Surely there’s a better/faster/easier way to do this.”
 
SEOs do this all the time. We want that magic bullet to get our sites to the top of the SERPs, the one “secret trick” to get the edge on our competitors. And just like fad diets, a lot of secret/sneaky SEO tricks do work for a while. When I started doing SEO in 2006, one of my tasks was to go into our older blog posts and bold or un-bold various keywords, so the content would update and be seen as “fresh.” And you know what? It worked for a while. Remember Page Rank sculpting? TOTALLY worked for a while. Remember directory submissions and blog comment spamming for links? Of course you do, because they are still going on.
 

Weaning Ourselves Off of Short-Term Gains

SEO tricks can reap short-term gains but create long-term problems.Look, I get it, guys. It’s so easy to adopt SEO tricks, and when they actually WORK it can be incredibly hard to turn them down. If all of your competitors are outranking you thanks to their huge volume of paid/spammy links, the moral high ground’s not gonna put food on the table, amirite? So I feel ya. The “if it works I’m doing it, regardless of whether or not it follows the guidelines or is a good user experience” approach has gotten some serious short-term gains for some people (to my continuing chagrin – for more on this topic, see Wil Reynolds’ post How Google Makes Liars Out of the Good Guys in SEO). Regardless of my personal feelings on whether or not they’re good for the Internet, I’m not going to say tricks don’t ever work.
 
The problem with SEO tricks is that they’re about getting a site to the top of the SERPs regardless of whether it deserves to be there. That’s the kind of trick that search engines have a vested interest in continuing to combat, which leads to algorithmic updates like Penguin. Over-reliance on SEO tricks is what causes your rankings and traffic to be completely wiped out overnight by these updates. Without a foundation of quality SEO in place, you’re going to spend a lot of your time fixing stuff and doing stuff over every time the search engines catch on to your latest trick.
 

SEO is Hard

The difficulty with weaning ourselves off of SEO tricks is that doing SEO without doing tricks is hard freaking work. It is way harder to build great content and fix crummy code and build linking relationships and get people to share and link to your content and then do all that again, over and over, than it is to submit to a bunch of directories and hire a freelancer to spin some content to syndicate on article sites and to comment spam neglected blogs and then buy a bunch of links. 
 
However, it’s a lot easier to build great content and fix crummy code and build linking relationships and get people to share and link to your content and then do all that again, over and over, and have it NEVER STOP WORKING, than it is to completely change everything you do every year or so because your websites keep getting algorithmic slaps. And it’s a lot less stressful, in the long run, not to have to explain to your clients why their sites are totally hosed now.
 

SEO Tactics that Never Stop Working

We talk a lot about how SEO changes all the time, but in the 6 years I’ve been doing this, here are some things that have never stopped working for me:
  • Find the terms that people are using to search for your products, and then talk about your products on-site using those terms, without using them so much you sound crazy.
  • Make sure a search engine can find every page on your site, read the content and figure out what the page is about (i.e. what keywords it should rank for).
  • Fix the broken stuff on your site, remove duplicate content and make the whole site faster.
  • Create interesting, relevant, fresh content that is designed to engage users and encourage them to share it.
  • Build links to your site from other high-authority sites with which you share a topic or audience – better yet, build relationships with those sites that can earn you links again and again.
  • Make sure you’ve got a good experience for users once they get to the site: the content they see is the content they wanted. That’s what search engines want to happen, and that’s how users give you money.
The ways in which we do these things have changed a lot over the years, and we’ve been given a lot of new tools (social media, schema.org, the canonical tag) to do them with, but despite the fact that a lot has changed, a lot hasn’t. 
 
Just like with weight loss, doing things the right way (the hard way) may not work as fast, but it will work for longer. Every time your competitors get slapped down for their SEO tricks, they have to spend a few months fixing everything and making up for the rankings they lost when their tricks stopped working, then finding a new trick and implementing that. You get to spend that same time building your foundation even stronger. Over time that’s going to make for a solid, well ranked, algorithm-proof site. 
 

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Oops, I Ruined the Facebook IPO!

Posted: 29 May 2012 04:05 AM PDT

Posted by larry.kim

Oops i ruined the facebook IPO

Last week’s Facebook IPO may go down in financial infamy as being the biggest and most high profile IPO flop of the century – and this Internet Marketer's content marketing efforts may have inadvertently triggered the epic Facebook IPO meltdown. Sounds ridiculous and completely preposterous, right? Read to the end of the story and decide for yourself!

Our Big Idea

Earlier this month, my colleagues at WordStream and I were planning our monthly content marketing effort. Like most other companies, we do a lot of content marketing on our blog, but we also make a point to publish at least one high-level story that might appeal to people who aren’t expert search marketers. The goals of these efforts are to raise the general public awareness of our company, and also drive valuable editorial links to our site.

This month, with all the intense media focus on the Facebook IPO, our big idea was to develop a study comparing the effectiveness of Facebook Advertising vs. The Google Display Network. For those of you who don’t already know, The Google Display Network is the banner advertising component of Google’s business – it consists of banner ads on Google sites like YouTube, Blogger, Gmail (etc.) as well as over two million other popular websites (it’s roughly 25% of Google’s total business). Our research compared the two biggest banner advertising venues on the Internet based on criteria such as advertising reach, supported ad formats & ad targeting options, advertising performance, etc.

Our study concluded (for now at least) that, that the Google Display Network offered advertisers greater value in the areas that we tested, which came as a surprise to many investors who aren’t familiar with the two advertising platforms. To help people visualize our study results, we partnered with Brian Wallace at NowSourcing, who turned our research into an Infographic. (Click to Enlarge)

Facebook Advertising vs. Google Display Network

Launching our Facebook Advertising Study

We timed the launch of our Infographic for Tuesday May 15 at 9AM EST, just three days before the Facebook IPO. We wrote a simple press release and a blog post, and then reached out to some of our friends in the industry to help get the word out. Early on, Rand helped us out big time by posting our article to inbound.org (thanks rand!)

And we got a few press pick-ups from Jim Edwards at Business Insider, and John Letzing at the Wall Street Journal, and Laurie Sullivan at MediaPost, by lunchtime, we were thrilled with all the progress – we had nearly a dozen major news pick-ups! Little did we know, that we were sitting on a story that was about to explode.

Our Study Goes Viral

As if to validate our research, a mere six hours after we launched our study, the Wall Street Journal announced that GM was dumping all advertising on Facebook, and our newly minted research – seen as a possible explanation for GM’s move – got picked up by Mashable, ABC, CBS, Fox Business, PC Mag, PC World, the Washington Post, USA Today, AFP, CNN, The Register, Fast Company, The Economist, Forbes, etc., etc. Here’s what it looked like on Google News:

Press Pickup

In a matter of just hours, our Facebook Advertising study got picked up in thousands of the world’s leading news publications!

Our Study Goes International

Our study got picked up by all of world’s largest news networks, such as Reuters, Agence France-Presse (AFP) and the Associated Press (AP), and USA Today. Content from these news networks are translated into dozens of languages in over 150 countries – so for example, our study was being picked up in even small-town newspapers like my college newspaper: the Kitchener-Waterloo Record in Canada, as well as newspapers in New Zealand, Indonesia, Turkey, and many other countries I had never even heard of!

We Got on Cable TV and Radio, Too!

Within hours of publishing our study, we started getting phone calls from producers of major cable TV channels, asking us to appear on Fox Business well as national and Radio Stations such as The Takeaway, the BBC and NPR. Here’s a picture of Ralph Folz, WordStream CEO, on Fox Business last week!

5 Quick Tips to Help Make Your Content go Viral

I definitely have had my share of content creation efforts that went absolutely nowhere. Each effort is a learning experience, and so I’d like to share the five key ideas that I learned this time around!

1. Pinterest is Very Effective for Infographic Marketing

When you content goes viral, expect to get a large chunk of traffic from social media outlets. Our top referring social sites were (in order): Facebook, Twitter, Tumblr, Reddit, Pinterest, Google+ and LinkedIn. I was quite surprised to see Pinterest beating out Google+ and LinkedIn. In fact, Pinterest was our 12th largest traffic referring site to our study. So if you ever do an Infographic make sure you add that Pinterest button! (If you need to make space, dump the Delicious bookmark button – that was nearly useless)

2. Twitter is still very effective, too.

This isn’t to say that the other social networks are any less important. In fact, Twitter is effective as it always has been. For example, we got this mention in the Guardian just by reaching out to an author via Twitter!

3. Stay Out Front.

The news cycle is fast – it’s important to adapt your story to the prevailing narrative, by anticipating different angles for your news. When we first launched our study, our press release headline read: New Research Compares Facebook Advertising to Google Display Network: Who Comes Out on Top? It was OK, but not viral.

But when the GM news broke, we re-released a similar press release with a slightly different angle: Does Facebook Advertising Work? This was because we found that the press was now looking to find reasons for why GM dumped Facebook. This new angle was much more effective than our original angle.

And we didn’t stop there. I wrote follow-up stories, such as: Why I Bought Facebook IPO Shares Today and Why I Dumped My Facebook IPO Shares at the Open Today, to keep this thing going.

4. Don’t Miss The Window.

I did an interview with The Independent at 4AM EST on Wednesday morning. Why? Because if you’re a reporter in London, that’s when you typically arrive in the office. The attention of the news media cycle an incredible force that is both incredibly powerful and incredibly short. If you happen to catch a lucky break as we did, be prepared to do whatever it takes to make the most of it in the short amount of time you’re in the media spotlight.

5. Don’t forget to include the “so what” factor in your story.

I have found that my most successful content marketing efforts are the ones that contain an unexpected result – something unusual or contrary to conventional wisdom. I call this the so what factor. As in: so what, why should anyone care about this story? Our research basically concluded that (for now at least) Facebook Advertising options aren’t that effective, and that was a pretty profound conclusion given that Facebook is essentially an advertising company (86% of revenues last year came from advertising last year), and given all the IPO hype and that exuberant +$110B IPO valuation.

Summary: Did My Study Really Burst the Facebook IPO bubble?

No. I don’t actually think I ruined the Facebook IPO (apologies for the sensational headline, guys!). The Facebook IPO will go down in history as one of the worst IPO for retail investors. Why did the Facebook IPO crash and burn? It’s because there were more sellers than buyers at that price level.

If you’re looking for someone to blame for the loss of around $20 Billion in Facebook market capitalization as of today, blame the greedy bankers and Facebook management for setting such a high IPO price, or the Facebook for not yet developing compelling advertising options, or possibly GM for the unusual timing of their announcement.

But here’s what I can say about the impact my Facebook advertising study.

  • In the days leading up to the Facebook IPO, there was a lot of fanfare, yet by the end of the week, there wasn’t any news report that didn’t at least in some way question the value of the Facebook Advertising Platform. Our study had helped change the media narrative. (As an example of this, watch the Fox Business news clip below.)
  • We simply exposed (in an easy-to-understand way) some rather large flaws in the current Facebook advertising platform – something that might have been somewhat obvious to marketers but not necessarily obvious to Facebook investors.
  • All in, we estimate that over 10 million people around the world read or heard about our study. It was so many people that our Apache Web server even crashed once (it’s never done that before!).

(Click to play the video)

What do you think of our most recent content marketing effort? Any additional tips to share? Do you advertise on Facebook? What have your experiences? Let me know your thoughts in the comments below!

About The Author

Larry Kim is the Founder/CTO of WordStream, a PPC software company, provider of the AdWords Grader and the 20 Minute PPC Work Week.


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Seth's Blog : "Perhaps your anxiety is specific to magicians"

"Perhaps your anxiety is specific to magicians"

I found that quote in a strangely-translated instruction manual for an obscure but beautiful trick.

But it has wide applicability.

Perhaps your anxiety is specific to artists or musicians or to anyone who has to stand up and stand out and stand for something.

It turns out that your anxiety isn't specific at all. Perhaps it is due to the fact that you're trying to control things that you can't possibly control.

Your anxiety might merely be a sign that you care deeply about your work.

Anxiety is almost never a useful emotion to carry around. Even for magicians.

Now that you've been reminded that you care, it pays to let the anxiety go. Good riddance.



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marți, 29 mai 2012

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


Stubborn Stupidity, Fantasyland Thinking, Hopeless Bluffs

Posted: 29 May 2012 10:33 PM PDT

The Financial Times says Madrid in 'game of chicken' with EU.

I disagree. I think Spain's prime minister Mariano Rajoy is a stubborn fool engaged in Fantasyland thinking, unable to think straight.

The issue regards a proposed Ponzi financing scheme to recapitalize Spanish banks.

For details of the scheme, please see Spain's Plans to Recapitalize Bankia Will Put Germany, ECB at Risk; When Does the Ponzi Scheme Collapse?

Fantasyland Thinking or Failed Bluff?

If Spain was playing a game of chicken, the ECB just ended it by rejecting the Ponzi financing scheme of Rajoy.

Please consider ECB rejects Madrid plan to boost Bankia
A Spanish plan to recapitalise Bankia, the troubled lender, by indirectly tapping the European Central Bank for cash, was bluntly rejected as unacceptable by the ECB, European officials said.

News of the rejection came as Spain faces elevated borrowing costs in the bond markets, tries to persuade investors it can contain problems in a banking sector weighed down by €180bn of bad property loans and, on Tuesday, saw its central bank governor stand down early.

Madrid had floated the unorthodox idea over the weekend of recapitalising Bankia by injecting €19bn of sovereign bonds into its parent company, which could then be swapped for cash at the ECB's three-month refinancing window, avoiding the need to raise the money on bond markets.

The ECB told Madrid that a proper capital injection was needed for Bankia and its plans were in danger of breaching an EU ban on "monetary financing," or central bank funding of governments, according to two European officials.

Senior government officials in Madrid argue that bailouts in Portugal, Greece and Ireland have been catastrophic and Spain will not compromise on its refusal to accept a similar form of intervention.

They said the country had implemented reforms requested by Brussels and must now be granted relief by the ECB, or the future of the single currency will be threatened. The government would like to see the ECB restart its government bond-buying programme and wants the nascent European Stability Mechanism to be retooled as a bank bailout fund.

"This is like a game of poker now," one government adviser said, "and I don't think Spain is bluffing".
ECB Had No Choice

If this was a bluff by Rajoy, it was a very poorly conceived one. The ECB had no choice but to call it, given its disastrous position of Greek garbage on its balance sheet.

The ECB simply cannot afford to load up on Spanish garbage for fear Spain will do as Greece threatens to do: default.

Irish Turn

The Financial Times says Spain must avoid an Irish turn
"We are not going to let . . . any bank fall . . . if that happens the country will fall," Mr Rajoy said on Monday. That is the message Ireland's government insisted on as it piled private banks' debts on to its puny sovereign shoulders. By the end of 2010 markets had lost faith in Dublin's ability to repay and it was strong-armed into a eurozone rescue loan.

Ireland's folly made clear that the interdependence of sovereigns and national banks is at the heart of the monetary union's present dysfunction. But to judge from Mr Rajoy's words, Madrid will tighten this deadly embrace instead of loosening it – even as its sovereign bond spreads hit euro-era records.

Losses at Bankia – spawned of a shotgun marriage between savings banks – has made Madrid promise a bailout of €19bn on top of what the state has already provided. It may reportedly place sovereign bonds directly with Bankia so as to give the bank collateral for European Central Bank liquidity while avoiding market borrowing at current punishing yields. This trick would not change the key fact of Spain increasing a debt burden it already struggles to refinance.

Promising that no bank will fall is what truly brings a country down.
Can someone please explain the absurd line of thinking that says banks and bondholders cannot take losses?

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List


Bailout Scam: Collecting Non-Interest on Non-Loans; "Because We’re Europe"

Posted: 29 May 2012 02:00 PM PDT

The absurdity of the Greek "bailout" setup is in the news once again. The New York Times reports Athens No Longer Sees Most of Its Bailout Aid
In an elaborate payment system that began after the May 6 election that brought down the Greek government, and is meant to ensure that the Greeks do not touch the cash, the big three creditors are now wiring bailout payments to an escrow account in Greece. There the money sits for two or three days — before much of it is sent back to the troika as interest payment on the Greek bonds that Europe accepted under terms of the bailout deal struck in February.

"Greece will not default on the troika because the troika is paying themselves," said Thomas Mayer, a senior advisor at Deutsche Bank in Frankfurt. "Why are we doing it like this?" Mr. Mayer said. "Because we're Europe."

A Greek government advisor who spoke anonymously, for fear of alienating the European lenders, said of the troika: "They made sure that the sum for domestic spending is kept small enough to force Greece to dramatically raise its own revenues."

On its face, the situation seems absurd. The European authorities are effectively lending Greece money so Greece can repay the money it borrowed from them.

"You send the money, you call it a 'loan' — you get it back and call it an 'interest rate,"' said Stephane Deo, global head of asset allocation in London for UBS.

Since May 2010, Greece has been sent €141.7 billion in European taxpayer money to keep the country afloat and ward off a bigger meltdown that might threaten the entire currency union. Of that amount, a full two-thirds has gone to pay off bondholders and the troika.

Only a third has been earmarked to finance government operations, with only a tiny sliver spent on stimulus projects for the anemic economy.

Greek bonds are a profitable investment for the E.C.B. as long as Greece continues to make interest payments. The E.C.B. exempted itself from the debt restructuring deal. And Greek bonds were already trading at a big discount when the E.C.B. started buying them. As a result, the central bank is earning an effective interest rate of 10 percent or so.
Non-Interest on Non-Loans

If the money never gets to the borrower, then it's not a loan. Scam is a more appropriate word. Of the €141.7 billion bailout, only €47.2 can be construed as a loan all of which nearly all went to government operations, none to the average Greek citizen.

As for Mayer's statement "Greece will not default on the troika" we will see about that.  Nearly three-quarters of Greece's debt, or €182 billion, is now effectively owned by the EU the ECB or the IMF, according to estimates by the investment bank UBS.

If Syriza party leader Alexis Tsipras wins the June 17 election, the Troika is going to take a big hit. The ECB's share is estimated to be between €35 billion to €55 billion.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List


Competition for McJobs Hits Teens: High-School Students with Jobs Hits 20-Year Low

Posted: 29 May 2012 09:26 AM PDT

High school and college kids typically get the jobs that are left over, that no one else really wants, such as working at McDonalds.

However, competition for any job is now so intense, that teens cannot find any job that no one else wants.

As a result of that increased competition, Number of high-school students with jobs hits 20-year low
The American job market is no place for students as the number of employed high schoolers has hit its lowest level in more than 20 years, according to new figures from the National Center for Education Statistics.

In 1990, 32 percent of high school students held jobs, versus just 16 percent now. Blame their elders.

"By definition, teenage workers get the jobs that are left over," said Charles Hirschman, a sociology professor at the University of Washington who has studied and written about student employment. "When you can't find someone else to bag your groceries or work construction, often teenagers are the labor force you can count on to pick up that slack for a low wage. But now, with the recession, everybody has moved down. Those jobs aren't going to teenagers."

Local McDonald's managers, for example, are no longer forced to accept young workers who can show up after class. They now have the option to hire older employees with more experience and, in many cases, much more education.

"They think, 'I can hire this old guy instead. He already knows how to work, so we don't need to teach him,' " said Andrew Sum, director of Northeastern University's Center for Labor Market Studies.

The crunch is also hitting college students. In 2000, 52 percent of full-time college students worked. That number has now fallen to 40 percent, the National Center for Education Statistics reports.
Job Demographics

Please consider these thoughts I penned on May 1, 2008 (emphasis in italics added) Demographics of Jobless Claims
Structural Demographics Poor

Structural demographic effects imply that prospects in the full-time labor market will be poor for those over age 50-55 and workers under age 30. Teen and college-age employment could suffer a great deal from (1) a dramatic slowdown in discretionary spending and (2) part-time Boomer reentrants into the low-paying service sector; workers who will be competing with younger workers.

Ironically, older part-time workers remaining in or reentering the labor force will be cheaper to hire in many cases than younger workers. The reason is Boomers 65 and older will be covered by Medicare (as long as it lasts) and will not require as many benefits as will younger workers, especially those with families.

In effect, Boomers will be competing with their children and grandchildren for jobs that in many cases do not pay living wages.

Very few are considering demographics, a change in attitudes by consumers towards spending, a change in attitudes of banks to lend, and the ability of capital impaired banks to lend even if they want to.


A structural shift in consumption to savings or at least reduced consumption, is in store for boomers. Meanwhile job prospects are looking pretty grim for some time to come across the entire economic spectrum.
And so it is. Unfortunately it will stay that way for many years to come. Economists missed the boat on this one and still do even as it plays out as I suggested.

Because of student debt and low paying jobs, kids out of college are putting off raising families and buying homes. Headwinds on home prices are enormous.

Rather than buy cars they cannot afford, many kids tweet and send text messages.

Demographics, student debt, debt in general, and changing attitudes of youth about what is really important are huge deflationary forces that Bernanke is fighting.

Those expecting hyperinflation or even strong inflation out of this mess are simply not thinking clearly.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List