Doc Searls sees a high-def two-way future for video and huge possibilities for telcos if they "get on the side of all producers — including the people they now call consumers."

In the first era of the web (after NCSA Mosaic but before MySpace), "Technology was permanent — but conversation was transient." But now, "Today, technology is transient – but conversation is permanent." The nugget from this post is that the web is now not a technological but a social construct.

A well crafted illustration says more than a thousand words. This is a fascinating statement on the bailout and how it could have been and still might be.

Derek Willis, a member of the New York Times web development group, explains how to use GeoDjango to create the Represent project. All it took was Ubuntu, GeoDjango and some good design work. It's another argument for wise use of open source software.

From Kaiser Kuo on Twitter: "Sina, one of the biggest Chinese portals have acquired Focus Media, a media company which operates the largest outdoor advertising network in China."

Valleywag says: "(Digg's financials) are frightful, even for a startup." Last year, they lost $2.8m. "…it's worth thinking about Digg's numbers amidst the litany of complaints about the ink-on-newsprint business: newspapers coast to coast are seeing devastating declines in advertising revenue. The New York Times has mortgaged its headquarters. The Tribune Company has declared bankruptcy. And yet, even in their decline, newspapers remain prodigious generators of cash. This moribund industry generated $13.7 billion in profit in 2007."

"Chrysler’s crippling difficulties in North America are forcing the company to largely cut its overseas business, which has been suffering heavy losses."