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Internet as we know it is about to get outperformed by a new, exclusive network know as the Grid. As with the Internet, GRID is a spinnoff out of CERN where Tim Berners-Lee invented the World Wide Web. The network, in effect a parallel internet, is built using fiber optic cables that run from CERN to 11 centers in the United States, Canada, the Far East, Europe and around the world. Read more here.

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Biggest Job Loss in 5 Years Sets Off Recession Alarms; Nearly Quarter-Million Gone in 3 Months. Read this Yahoo article.

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Social networkers rejoice; MySpace has finally launched a games portal. According to the page’s mission statement, the site promises “the best online games available in a safe, user-friendly environment” and targets all types of gamers.

As Facebook continues to affirm its role as social networkers’ casual gaming epicenter. MySpace’s portal, while impressive, fails to draw in the ever so important multiplayer crowd.

With the buzz surrounding so-called “casual gaming” as of late, so it’s no great surprise that MySpace wants a piece of the pie. What´s surprising is that it toke them so long to launch. As a late comer, MySpace will have to play the role of catch up – which can prove to be very costly.

The number of games offered is impressive, although less then Yahoo! Games.

Whichever social network you call home, any increased competition should benefit both sides. It´s only natural to believe that some of Facebook’s more popular games come to MySpace in the near future.

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Grains Gone Wild

PAUL KRUGMAN SAYS THAT biofuels have been a terrible mistake. That will remain true for so long — and only for so long — as we’re turning food into fuel. Biofuels from waste biomass are a whole different story

Read more here.

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NYTimes economic indicator of tough times. Read more here.

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