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Those of us in this profession that have made the decision to make a living the hard way by asking to be paid only if we actually land positive press coverage for our clients rather than ‘counsel’ them, may be passing on some good income these days. I hope it’s not a sign of the dour economic times, but it’s apparent there are a lot of clients out there in need of some solid counsel rather than publicity. Do Michael Phelps, A-Rod, Jessica Simpson, and continuing fan and press fav, Blagojevich, come to mind?

Maybe it’s a backlash to the seeming adulation and feel-good nature of the coverage of the historic inauguration and charismatic new president, but we, as represented by the media we subscribe to (and ingratiate ourselves to as PR people) lately seem to have veered toward a fascination to report and elevate the weaker and sillier side of our nature. It’s as if we needed a good old-fashioned, what my grandmother used to say, “come-uppence” for being so smug in our reporting of real news that seriously affects our lives and incomes. “Enough” said the media kings and the publicists that feed off of them…”bring back the court jesters!” And of course, there are those amongst us, more than happy to do so.

The fact that we’re in the midst of an important debate with valid issues on all sides of the aisle that will affect all of us in the most personal ways over the next few years does not preclude us from the enjoyment of entertainment news, of sports, of even some fluff to lighten our day. Not at all. We all need and deserve a guilty pleasure or “silly fix” once in a while. But to be transfixed on it, to have it become a story with legs is an embarrassment to the media covering it, the audiences into it, and to the PR-types behind the scenes promoting it for income and profit.

This excerpt is from The Grove Report, for the full article and other excellent posts, please click here

Our first grandchild was born at 9:05 AM on February 8, 2009. Forty-five minutes later, our son walked into the waiting room with a great big smile and gave each of the grandparents a big hug. With anticipation, we then went in the recovery room. There was our daughter-in-law holding this beautiful gift of life, our grandchild.

Regardless of the day to day challenges that we all face , the Birth of a Baby brings forth the joys of Love and Hope.

To our grandchild on this magnificent day, we pass on to you the blessings of your forefathers.

“Go forth into the world and Live a Long, Prosperous and Fruitful Life. Bring Honor to Yourself, your Family and your Heritage. Have Ethics and Integrity, Love your Family and have Hope for the Future”.

From your proud and loving Grandparents

Fundraising by U.S. venture capital firms declined 21.4 percent in 2008, a new report has found, driven down by a sharp decline in the fourth quarter as the global financial crisis throttled the industry that bankrolls much of Silicon Valley’s innovation.

The report, issued Monday by the National Venture Capital Association and Thomson Reuters, found that $27.9 billion was raised in 211 funds in 2008, compared with $35.5 billion in 247 funds in 2007. Fundraising in the fourth quarter totaled $3.37 billion, down more than $5 billion from the previous quarter and nearly $8.3 billion less than the amount raised in the fourth quarter of 2007.

The news was by no means unexpected. VCs and their limited partner investors — pension funds, university endowments and other large financial institutions — have all embraced a more conservative strategy in the uncertain economy. Industry analysts expect the pace of fundraising and deal-making to remain relatively slow through at least the first half of 2009.

Read the full article here

From GigaOm

Following in the footsteps of Apple and its iTunes App store, several mobile companies have announced plans to launch their own storefronts. Research In Motion is looking to launch its store relatively soon, and it took a major step forward when it started accepting applications from app writers to have their apps included in the new Blackberry Storefront.

While RIM already has a wide variety of applications available for its platform, it doesn’t have the momentum of Apple, which recently noted that more than 500 million apps were downloaded to its iPhones and iTouch devices. RIM has its work cut out for it; the company is fighting with the likes of Apple, Google, Palm and Symbian to get a toehold with developers. The company had launched a special VC fund to help find and grow apps for its platform. (Related posts: Watch the Future of mobile apps and economics of the platforms video at Mobilize 08 conference.)

The popularity of netbooks, Acer’s rise, Lenovo’s fall, the struggles of component makers to sell virtually anything — it all makes for a crazy time in the personal computer market these days.

The major PC component suppliers –- companies like Intel, Advanced Micro Devices, Nvidia, Seagate and Western Digital –- are reeling as hardware sales dry up. The credit crunch took its toll on business spending, then American corporations shut down in December in a bid to save money and now companies in China have halted their spending as the Chinese New Year approaches.

As Auguste Richard, a chip analyst with Piper Jaffray, told me, “There is nothing going on right now. This is as dark and deep as it goes, with companies not buying or selling anything.”

Read the full article here.