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Newsday
Yahoo to Buy Tumblr for $1.1 Billion
Wall Street Journal
Yahoo Inc.'s board has approved a deal to acquire blogging startup Tumblr, people familiar with the matter said Sunday. More on Tumblr. In a 2012 interview, Tumblr's David Karp spoke to the Wall Street Journal about how he started the company and where ...
Yahoo to Buy Tumblr for $1.1 Billion in CashNew York Times
Yahoo Board Agrees to Buy Tumblr for $1 Billion: Report - CNBC.comCNBC.com
Yahoo poised to buy Tumblr for rumoured $1.1bnThe Guardian
Los Angeles Times -BBC News -Bloomberg
all 333 news articles »

TechCrunch reports that Yahoo's string of acquisitions may soon include Tumblr: "The Wall Street Journal is now reporting via Twitter that the rumored $1.1 billion cash acquisition deal for social blogging site Tumblr has been approved by Yahoo’s board of directors. The Tumblr acquisition was rumored last week, with a price tag reportedly north of $1 billion, which appears to be accurate if the WSJ’s sources are correct." The article notes, too, that "Yahoo had only $1.2 billion cash on hand as of its most recent quarterly earnings, which makes an all-cash offer for Tumblr a lot more of a stretch than it would be for someone like Apple, or even Facebook, which acquired Instagram for $1 billion in a mix of both cash and stock."

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New York Daily News
White House Aide Chides GOP for 'Fishing Expeditions'
Wall Street Journal
White House senior adviser Dan Pfeiffer said the Obama administration wouldn't cooperate in "partisan fishing expeditions" over targeting of tea-party groups by tax officials, raising the prospect of future battles with lawmakers over their investigations.
Republicans owe Rice an apology on Benghazi, Obama adviser saysFox News
Dan Pfeiffer: Legal questions in IRS scandal 'irrelevant' to 'inexcusable' actionsWashington Post (blog)
White House Aide Calls Criticism of Obama 'Offensive'New York Times (blog)
CBS News -Politico (blog) -CNN (blog)
all 74 news articles »

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First time accepted submitter russotto points out the claim of industry group TechAmerican Foundation (reported by Computerworld) that "wages for the software industry are falling, not rising. Wages fell 2% to $99,000 in 2012." Averages are one thing; the article points out though that wages vary vastly within the industry, and that some jobs are harder to fill (thus, better paid) than others. An excerpt: "Victor Janulaitis, CEO of Janco Associates, a research firm that also analyzes IT wage and employment trends, cited a number of reason for the decline in wages for software professionals. First, technology is becoming easier to implement without having an IT professional, he said. Also, the option of turning to outsourcing creates less pressure to increase wages. As the recession continues, companies continue 'to look at productivity and will often look to hire individuals who are lower cost employees,' said Janulaitis. That could include displaced baby boomer workers who have been out of work for some time and 'will take a lower paying job just to get back into the workforce.'"

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Pirate Bay Founder Gottfrid Svartholm Warg is to be tried starting tomorrow in Sweden, after his indictment last month for computer hacking and fraud. Wikileaks has released several documents related to his detention and the associated charges. From the summary of this material: "This material includes inter alia the interrogations with GSW and his co-accused, internal correspondence from the Swedish Foreign Minister and the Swedish embassy in Cambodia, damage assessment reports by the companies and the authorities concerned, and correspondence between GSW and Kristina Svartholm and the Swedish prison authorities. The material is formally public, but the Swedish prosecution authority has refused to provide the documents in digital format. Photocopying this volume of paper costs around £350." Notable is the refusal of Warg's request to obtain a graphing calculator while in prison.

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Philly.com
President Obama learned about IRS scandal via media, senior adviser tells 'Fox ...
Fox News
WASHINGTON – White House senior adviser Dan Pfeiffer told "Fox News Sunday" that President Obama learned about the Internal Revenue Service targeting Tea Party groups applying for tax-exempt status only after it had come out in the media but that the ...
White House insists Obama was not involved in IRSBoston.com
The good news – and the bad news – for Obama in scandal-tinged pollsChristian Science Monitor
White House defends IRS handling, McConnell asserts 'culture of intimidation'NBCNews.com
USA TODAY -Bloomberg -Washington Post (blog)
all 339 news articles »

Charlotte remembers 1963 desegregation 'eat-in'
Seattle Post Intelligencer
CHARLOTTE, N.C. (AP) — In the spring of 1963, a prominent civil rights leader led dozens of protesters on a four-mile march from a predominantly African-American college campus to the center of Charlotte's downtown. At the rally, Dr. Reginald Hawkins ...

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Velcroman1 writes "The former island home of anti-virus software pioneer John McAfee burned down Thursday afternoon under circumstance he told FoxNews.com were 'suspicious.' It's an odd choice of words from a man whom the Belize police found suspicious, following the November 2012 murder of American expatriate Gregory Faull, a well-liked builder from Florida who was shot at his home in San Pedro Town on the island of Ambergris Caye. 'I believe that there are a select few with great power in Belize that will go to great lengths to harm me,' McAfee said. 'This fire was not just a strange coincidence.'" Watch for more from McAfee soon.

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girlmad writes "Despite moves by government to get Google, Amazon and Apple to admit they make sales in the UK and US, and therefore should pay tax on these earnings, this article argues these are empty threats and that any taxes paid will get returned to the tech giants in government grants and subsidies. Tough luck to the small firms out there."

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