via http://www.contemporist.com/2008/04/18/church-of-santa-monica-in-madrid-spain/
Rancho Escondido, Estate of the Day
17
Sep
Filed under: Estates
Santa Fe, New Mexico is home to a lot of pricey real estate but this is the most lavish home I've seen in the area. Rancho Escondido is a large home on over 11 acres high in the hills of Tesuque with red rock box canyon cliffs and a waterfall as a backdrop. The home is also surrounded by a 40 acre conservation easement for open views of the mountains and plenty of privacy. The impressive property includes an equestrian facility, guest house, guest casita, pool cabana and an infinity pool with perfect mountain views. The home itself includes eight bedrooms and details like a handcrafted copper entry, indoor/outdoor fireplaces, limestone and oak floors, hand crafted tiles, custom cabinets. The home is being sold with all those dark brown furnishings for a list price of $21.5 million.
Experience more lush living in luxury homes and mansions or see the stars living large with celebrity homes galleries at AOL Real Estate.
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IBM putting social networking under microscope
17
Sep
NEW YORK--In an announcement sure to raise eyebrows among the companies gathered at the Web 2.0 Expo here, IBM said Wednesday it is opening the IBM Center for Social Software.
So is IBM intent on becoming another social media company? Hardly. Most likely Big Blue intends the new center to be a focal point for developing software tailored to help companies build social networking tools onto the sites. More importantly, the center could help IBM tailor consulting packages from IBM Global Services.
With that in mind, IBM's decision to open the center in Cambridge, Mass., (where the Massachusetts Institute of Technology and Harvard University are based) rather than in Silicon Valley (where most social media companies are based ) makes more sense. In a press release, IBM describes the facility as an incubation center where it can collaborate with both customers and people in academia.
So why's this interesting? Many companies here on the exhibit floor at the Jacob Javits Center aren't social media companies. Instead, they're trying to sell software, hosting, and consulting services to social media companies and to traditional technology buyers like auto makers that are trying to add communities and other "social" tools to their Web sites.
IBM became a dominant supplier of software for Web 1.0 sites (both e-commerce and publishing) by following a similar model: It started into the market with rudimentary e-commerce and application server software packaged with IBM Global Services consulting contracts.
Smaller competitors such as the long-since-departed software maker Open Market scoffed at the IBM offering, noting that is was little more than a developer's tool kit that IBM used as a come-on to sell its consulting. They had a point, but IBM won that competition anyway.
Can IBM do the same to the nascent market for social-networking software? Few of the companies here at the Web 2.0 can afford to ignore that possibility.
The 10 Biggest Chapter 11 Bankruptcies In US History [Lehman Brothers]
17
Sep
CNBC has put together a quick slideshow list of the top 10 largest Chapter 11 bankruptcy filings in US history based on the pre-bankruptcy assets of the companies in question. It really gives you a sense of the incredible scale of the Lehman Brothers filing — the next closest bankruptcy was Worldcom, which had $103.9 billion in assets before the filing — 535.1 BILLION DOLLARS less than Lehman Brothers. Damn.
10. United Airlines
Assets: $25.2 billion
Date Filed: Dec. 9, 2002
9. Pacific Gas and Electric
Assets: $29.8 billion
Date Filed: April 6, 2001
8. Global Crossing
Assets: $30.2 billion
Date Filed: Jan. 28, 2002
7. Refco
Assets: $33.3 billion
Date Filed: Oct. 17, 2005
6. Financial Corp. of America
Assets: $33.9 billion
Date Filed: Sept. 9, 1988
5. Texaco
Assets: $35.9 billion
Date Filed: April 12, 1987
4. Conseco
Assets: $61.4 billion
Date Filed: Dec. 18, 2002
3. Enron
Assets: $63.4 billion
Date Filed: Dec. 2, 2001
2. Worldcom
Assets: $103.9 billion
Date Filed: July 21, 2002
1. Lehman Brothers
Pre-Bankruptcy Assets: $639 billion
Date Filed: Sept. 15, 2008
Biggest Chapter 11 Cases [CNBC]
(Photo: epak )