Bank Panic in Second Life Prompts Battlefield Promotion of Regulators reveals interesting parallels between physical and virtual worlds—it’s real money, after all.
“What? I can’t go to the grocery store! My bank’s automated teller machine refuses to dispense cash, and I’m planning a big cook-out tonight!” What’s an avatar to do?
It turns out that an inworld bank failure this summer cost residents about $750,000 USD and led to a run on Second Life banks, which eventually precipitated intervention by the highest authority available, the virtual world’s creator, Linden Labs. But the root cause may well have been LL’s earlier intervention in the economy by banning gambling on the site.
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I am pleased to announce that The Executive’s Guide to LinkedIn is going on the road! Our first public seminar will be held on 11 March 2008 at the University of Chicago’s Gleacher Center. The morning seminar’s focus will be helping executives with underutilized Linkedin accounts to take it to the next level by leveraging our planning methodology as well as LinkedIn’s advanced tools.
The Executives’ Club of Chicago fielded an expert panel to brief Midwest executives on Web 2.0’s current and likely impact on one of the most watched U.S. elections in recent history. Marie Cocco, a renowned political columnist, Peter Greenburger, Director of Google’s Elections & Issue Advocacy Team, and Alan Webber, Senior Analyst of Forrester Research brought to bear diverse perspectives on the question at the event, which took place at The University Club on January 31, 2008.