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Now..You need to pay $1 per message, if you want to contact someone non-friend on Facebook. Will it be good for Facebook? Will it help the Facebook stock to go even higher? It seems like Facebook is trying to restrict the people from interaction..which might help another start up to take advantage and promote their own social network.

Imagine getting email and data over the radio. A 22-year-old has developed a software that lets one do just that. Radio reaches every corner of India. Small transistors are cheap and easily available. Vinny Lohan has found a way to send computer data over normal radio waves. He believes that the idea could get all India online in a jiffy.

"Computers are all about zeros and ones. Be it video or text or music, to a computer, it is all zeros and ones. Since that's so, we asked ourselves, can we take a book or a video and convert it into music. And then send it over the airwaves. Turns out the answer was yes," Vinny said.

All it needs is OneBeep, the special software that Vinny and his friends wrote together. To send a file, be it video or text, the broadcaster simply selects and drags it into the software. OneBeep converts that data into an audio file, which is then transmitted over the airwaves.

Listeners can plug in their radio to a laptop or a cheap tablet computer, using a normal headphone jack. OneBeep software installed on their machines, will automatically convert the audio files back into data. It's like getting email over the radio.

OneBeep CEO Vinny says, "It's a bit like bit-torrent. When you are downloading something, the software is intelligent enough to know when something is paused and when it is restarted. We break digital data into packets. The software is converting audio into packets of data on the computer. Say your signal is weak or your battery died. When it restarts, it starts from the place it left off."

OneBeep needs absolutely no changes to the existing radio stations. And so, it's got attention. In 2010, Vinny and his team bagged the third prize in Microsoft's Imagine Cup - a worldwide contest for tech innovators. But their idea does have a few drawbacks.

First off, it's slow. Sending just 2 MB of data can take upto 40 minutes. Second, the idea itself isn't new. HAM radio operators have used a somewhat similar software since the 1970's. Third, it could be misused by terrorists. But Vinny thinks he's got that base covered.

"Each radio frequency transmission needs a government licence. Most amateur transmitters have a range of 20-30 metres. Anything stronger than that can easily be traced. If any unauthorised frequency transmissions take place, the army will be privy to that," Vinny says.

But because it's so simple and easily adaptable, Vinny's idea still has potential. Rural school kids can use OneBeep to download assignments overnight. Community radio stations in villages can also use it to transfer panchayat related files.

India will soon adopt Digital Radio Mondiale, a new technology which besides great sound, offers file transfers on the radio. But that is still a few years away. OneBeep already works and Vinny wants to offer it for free on the web. He wants to kick off a tiny revolution and give rural India a taste of the internet over the radio.

( IBN Live )

US military experts have demonstrated a new smartphone app that can turn your mobile's camera into a spying tool for cyber criminals, secretly beaming images of your house, chequebook and other private information back to them.

The software can even build up a 3D model of your house, from which the hackers can inspect your rooms, potentially gleaning information about valuables in your home, calendar entries as well as spying on you.

The app 'PlaiceRaider' was created by US military experts at Naval Surface Warfare Center in Crane, Indiana, to show how cybercriminals could operate in the future, the Daily Mail reported.

The creators even demonstrated how they could read the numbers of a cheque book when they tested the Android software on 20 volunteers.

As long as the app could be installed on the users phone, it can instantly begin beaming back images from the phone when it senses the right conditions, and software on the other end can then re-construct maps of the visited room.

The team gave their infected phone to 20 individuals, who did not know about the malicious app, and asked them to continue operating in their normal office environment.

The team said they could glean vital information from all 20 users, and that the 3D reconstruction made it much easier to steal information than by just using the images alone.

Researcher Robert Templeman said their app can run in the background of any smartphone using the Android 2.3 operating system.

Through completely opportunistic use of the phone's camera and other sensors, PlaceRaider constructs rich, three dimensional models of indoor environments.

"Remote burglars can thus "download" the physical space, study the environment carefully, and steal virtual objects from the environment (such as financial documents, information on computer monitors, and personally identifiable information)," researchers said.

PlaiceRaider will silently take photographs, recording the time, location and orientation due to the sensors within most modern smartphones.

It will then delete any blurred or dark shots, before sending the rest back to a central server, which can reconstruct the user's room, based on information such as phone orientation.

Then the hacker can explore the user's property at will - for instance, scanning the room for calendars, private details on computer screens, and cheque-books or card details.

"We implemented on Android for practical reasons, but we expect such malware to generalise to other platforms such as iOS and Windows Phone," Templeman said.

Of all the many striking policy measures taken since the financial crisis, one of the most extraordinary has gone almost unremarked—the introduction of negative official interest rates by Denmark.

In an attempt to maintain its strict currency peg to the euro, the Danish central bank lowered its main deposit rate for banks—the certificate of deposit or CD rate—to -0.2 percent last month.

The Nationalbanken felt it had little choice. Investors flocked to Denmark in search of a haven outside the euro zone—one that has no currency risk with the euro and offers cheap protection against a break-up of the single currency.

The move to negative rates is being watched closely by central banks around the world. “We have never been so popular,” laughs one Danish policy maker.

Apart from a brief move by Sweden in 2009-10, negative official rates are something of a novelty. But others may soon follow suit, with the European Central Bank recently cutting its deposit rate to zero and warning that it could go negative.

Policy makers in the UK and elsewhere in Europe have expressed interest in the idea as a potential way of forcing banks that are currently hoarding cash to start lending again.

“The Danish central bank is the first one in a small experiment of what happens when you impose negative interest rates,” says Thomas Kressin, head of the European foreign exchange desk at Pimco, one of the world’s largest bond investors.

“The popularity of the Danish krone is because of the unpopularity of the euro. Investors all over the world are looking for safe investments and are even willing to face negative interest rates for the security of knowing their money will still be there.”

So far, the economic impact of the move is largely unknown. Scandinavians take their summer holidays in July, so the central bank has little normal data to rely on. But officials acknowledge there has been a negative impact on banks, which they estimate to amount to about DKr300 million ($50.5 million).

Danish banks have about DKr200 billion on deposit at the central bank. While Nationalbanken has increased the amount banks can hold on current account—where the interest rate is zero—from DKr23 billion to DKr70 billion, this still leaves a sizeable chunk where banks will, in effect, have to pay the central bank to look after their money.

Bank executives, as well as central bankers, are clear that lenders have to increase their loan prices to compensate for the loss, as they are unable to impose negative rates on customers.

“When we are at zero [for customers’ deposits], we can’t go any lower. We have to recover that money in other ways, so we do that by increasing our margins on loans,” Eivind Kolding, chief executive of Danske Bank, the country’s biggest lender, said this month.

Government bond yields have followed suit, complicating a normal way for banks to make money. Denmark’s two-year bond yields, which had never previously been negative, were -0.22 percent on Thursday.

The danger is that this hurts the economy by reducing lending. But, in Denmark, this has been offset by a huge fall in mortgage rates as the official lending figure—the central bank’s headline interest rate—has also dropped, although it remains just in positive territory at 0.2 percent.

One-year mortgage bonds being auctioned this month are expected to yield only about 0.25 percent, according to analysts, down from the 1 percent they fetched last year.

Mr. Kolding notes that, for consumers, the cost of a mortgage in Denmark is exceptionally low. But outsiders still think the overall impact on the economy is more negative than positive.

“It is almost quantum physics,” says Mr. Kressin. “All the way down to zero, monetary policy is ultra loose. But below zero, to some extent you tighten policy, because you impose a cost on the banking system.”

Nationalbanken officials are also keeping a close eye on the circulation of coins and notes. So far, as commercial banks still offer zero for current accounts rather than negative rates, there has been no move from the public to hoard cash. But central bankers concede that if the CD rate fell to, say, -1 percent, banks might feel under more pressure to charge customers.

Denmark’s fierce defense of its currency peg means that a further move into negative territory cannot be ruled out, especially if the ECB were to cut rates further. But the small relative size of the Danish economy and the existence of the peg have led some to question how much other central banks can learn from its experiment.

“Can the ECB draw any lessons? It’s too much of a stretch from my perspective,” says Mr. Kressin.

A US Navy SEAL commando, involved in the raid that killed Osama bin Laden in Pakistan, has written an inside account of the May 2011 mission, raising hackles in the Pentagon and CIA.

The author, who uses a pseudonym, "was one of the first men through the door on the third floor of the terrorist leader's hideout and was present at his death," The Washington Post quoted a statement from Dutton, the New York-based publisher.

The book, 'No Easy Day: The Firsthand Account of the Mission That Killed Osama bin Laden', will be released on September 11.

If what the author says is true, the book would pull off the secrecy maintained by members of the team of Navy SEALs involved in the raid on bin Laden's compound in Abbottabad, Pakistan.

It could also raise legal and political issues for the Obama administration, which has carried out an aggressive crackdown on leaks even while it has also been accused of offering access to journalists and moviemakers to exploit the success of the bin Laden operation, the Post said. It added that the Pentagon and CIA officials appeared to be caught off-guard by Dutton's announcement of the forthcoming book.

Officials indicated yesterday that neither the author nor the publisher had cleared the book's contents with the Defence Department or the CIA, a step ordinarily required by former service members or spies seeking to write about classified operations.

"As far as we can determine, this book was not submitted for pre-publication review," said CIA spokesman Preston Golson.

Pentagon spokesman George Little said he was "unaware that anyone in the department has reviewed it". White House officials said they knew nothing of the book. "We learned about this book today from press reports, said Tommy Vietor, spokesman for the National Security Council. "We haven't reviewed it and don t know what it says".

The author's name is listed as Mark Owen, which Dutton acknowledges is a pseudonym.

The mysterious release of a photo of Michael Phelps in a bathtub, shot for a Louis Vuitton ad campaign, threatens to cause a splash of a different kind. Everyone involved in the creating the photo denies having released it early, perhaps because it may put Phelps in hot water with the International Olympic Committee.

A new IOC regulation, called Rule 40, prohibits athletes from appearing in ads for non-Olympic sponsors from July 18 to Aug. 15. According to the IOC’s 19 page explainer, Rule 40 is designed to prevent ambush marketing, defined as non-Olympic sponsors trying to associate themselves with the Olympic brand.

Yet two photos of the Olympic swimmer, shot by the photographer Annie Leibovitz, began circulating during the time period in which athletes are prohibited from appearing in advertisements. A website in Barcelona called elperiodico.com printed the bathtub photo on Aug. 7 and announced that Phelps was the new face of Louis Vuitton. Then the Daily Mail in Britain followed up on Monday, Aug. 13, with two photos and the headline “Let the fashion endorsements begin, Michael Phelps announced as latest face of Louis Vuitton core values campaign.”

The second photo shows Phelps in a three-piece suit sitting on a couch next to Larisa Latynina of Russia, 77, who is the previous holder of the title “most-decorated Olympic athlete.” In both photos, there is a strategically placed Louis Vuitton bag.

A quick Google search shows the photos went viral and appeared on dozens if not hundreds of websites on Aug. 13 and 14.

An agent for Leibovitz confirmed to CNBC that she shot the photos, and that a Louis Vuitton campaign with Phelps was supposed to begin sometime this week.

The release of these photos before Aug. 16 raises the thorny question of whether the world’s most decorated athlete is in violation of rule with sanctions that could include fines and the stripping of medals.

Thus far, answers are not forthcoming from either the U.S. Olympic Committee, the International Olympic Committee or the London Olympic Committee. None of the organizations responded to attempts for comment. In fairness, many people involved in the Olympics have gone on vacation or are still traveling back from London.

Louis Vuitton representatives will say only that they did not release the photos. Leibovitz’s press agent says her office did not release the photos. Yet, the Daily Mail contained a quote from a Vuitton representative about the campaign. (That page has since been removed from the newspaper’s website.)

Regardless, if the photos were leaked, they may still fall into the category of ambush marketing and thus be a violation of Rule 40.

The imposition of Rule 40 for London 2012 angered many athletes because it prevented them from monetizing their brand at the precise moment when it was most valuable. Most Olympic athletes are not household names like Phelps and are far less likely to garner lucrative sponsorship deals.

The U.S. Track and Field team began a Twitter campaign to end the regulation, with two hash tags: #rule40 & #wedemandchange. Gold medalist Dawn Harper tweeted out two photos mocking Rule 40. One was a self-portrait with a white tape covering her mouth; the words “rule 40” written on the tape. Olympic runner Nick Symmonds, who specializes in the 800m, was especially vociferous on Twitter. In a conversation with me Wednesday, he expressed frustration that he was unable to thank his sponsors, Nike and the Orgeon Track Club, during the Olympics. “It’s about being able to give them a return on their investment.”

His agent Chris Layne told CNBC if the IOC is going to continue with Rule 40, the athletes should be compensated monetarily for their participation in the Games. An example he cites is the Track and Field World Championships, where the top performers receive prize money. Layne said he believes Rule 40 emanates from antiquated thinking about the Games—that the athletes are amateurs but not professionals. But “the Olympics have changed,” and now, “It is truly a professional, commercial event from start to finish.”

Neither he, nor his client Symmonds, thinks Phelps should be sanctioned for the photos because it is unlikely that Phelps himself released them. Layne points out that, if anything, the situation highlights the difficulties of enforcement. “If this photo shoot were prior to Rule 40, how you can enforce that?”

Sanctions can range from removal of accreditation (not relevant once an athlete is finished competing), financial penalties, disqualification from the games, and according to the Olympic charter “a competitor or a team may lose the benefit of any ranking obtained in relation to other events at the Olympic Games at which he or it was disqualified or excluded; in such case the medals and diplomas won by him or it shall be returned to the IOC.”

Sports law attorney Joe Baghat thinks the Olympic Committee will do nothing to Phelps because “it would be a public relations nightmare to come on him because he is so well loved.”

Emails to Phelps' agent were not returned.

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Photobucket Revamps To Rival Social Sharing Photo And Video Sites

Photobucket has just revealed a vastly made-over user experience for its online photo service, which has usually functioned as a photo depository of sorts. The company says it's reacting to a recent survey it conducted which quizzed people about their digital habits--two thirds said they were disorganized in managing their digital pics and 83% said they'd like a solution. Thus the Photobucket revamp is intended to make it much easier to back up, share, and organize digitally stored photos and videos.

The company also revealed that it'll be launching a new Photobucket Stories feature in September, designed to be a way to curate the videos and photos you store in the service into a more narrative format. The idea is to combine text and imagery into a sort of 21st century photo album, so that you can share, for example, media from your recent vacation with friends in a more structured way than via a simple online album or via updates on Facebook.

Photobucket, which has previously been used for personal photo storage and for tricks like storing avatars for use on other online services, is reacting to the rise of services like Instagram and Viddy, which are, along with Facebook, changing how we share digital media online and which create de facto social networks as part of their sharing abilities. One key differentiator of Photobucket is that it's offering the ability to edit your media, but to preserve the original content in the database. This is similar to the way photo editing suites like Adobe Lightroom or Apple's Aperture work, and reinforces that Photobucket also works as a digital "locker" to securely store your images.

Photobucket has been in the news recently for a more controversial reason, where hackers used a relatively simple trick to access sexually charged images stored in some user's online lockers and then share them online. The company noted a very small number of users were affected and has reacted by protecting all new uploads with a scrambled URL to prevent snooping.

Gift Cards To Google Play Are On Their Way

Google is creating a plastic, pocketable links to the digital wares it sells in its Google Play store. Android Central has photo evidence of prototypes of Google's newest creations--cling-wrapped gift cards worth $10 and $25--which can be traded in for books, apps, movies and music.

With its Play gift cards, Google is following a path first cleared in a big way by Apple when it started selling iTunes gift cards for music and movies, and eventually, apps. This year, Apple replaced its traditional back-to-school iPod giveaway with iTunes gift card this season. If you are heading to school or college and bought a Mac, you got $100 in credit to spend at the iTunes store. This last quarter, the iTunes store generated $1.9 billion in revenue for Apple according to Bloomberg, and Apple is steadily growing access to iTunes and its media sharing features to countries outside the U.S.

The Play gift cards would give people a bit of nudge to spend at the Google Play store, sure. But the gift cards could make the Play store more visible, if the cards were made as readily available as those iconic neon iTunes cards, and seen at every grocery store and Best Buy. But that's not it for Google. Word is, a "Wish List" feature, as seen on Amazon, is on the way as well.

Instagram Homes In On Mapping With Version 3.0

Instagram is releasing version 3.0 of its photo app today, and it improves on the browsing experience in several significant ways.

The boldest new feature is called "Photo Maps." All the photos you geotagged before posting them on Instagram? Photo Map collects those and pins them on an interactive world map. This is by no means a revolutionary interface--apps from Foursquare to Yelp offer something similar, and even iPhoto lets you sort images by location. But by automatically creating location-specific photo albums that can be seen by friends, Instagram has put a new twist on the feature. The maps are turned off by default, making it a privacy-friendly opt-in program. When you activate it, you can choose individual photos that do and don't appear on the map, and even edit your preferences later. Photo maps are accessed through a user's profile page, making it easy for friends to see one another's favorite stomping grounds.

You can see our trigger-happy social media editor Anjali Mullany's photographs from all over Manhattan in her Photo Map view below.

Compared to that, my Photo Map is sparser, because I tend to geotag only a few of the Instagram photos I take

I'm not alone, it turns out. According to the New York Times, not more than 25 percent of Instagram users geotag their photographs. This update looks like a bid to get Instagrammers to geotag more frequently in the future. A trove of mobile location data could prove quite valuable to the startup that was acquired by Facebook in April.

There are a few other new tricks in Instagram's update today. The photos can now be displayed in a 3-across grid rather than a vertical river for faster browsing. The upload screen has a larger text box, making it easier to write captions. No need to tap the "load more" button, the app now offers infinite scrolling that loads as you go. And to better combat spam and abuse, individual comments can be reported and deleted in one action.

When Fast Company put Instagram founder Kevin Systrom on the Most Creative People In Business list in 2011, he said, "We think about photos like, 'This is your tweet, this is your status update.'" And now it can be your image-based homing beacon too.

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Facebook Inc ( NASDAQ: FB ) stock touched a new all time low $19.72 and keep trading sub $20 levels. For those who have invested on the first day or there after, they have keep loosing their investment values. There was a lot of buzz that Facebook Inc stock might see a steep rise like a fall,but the reality is quite different as stock keep making new lows and toda it has touched an all time low and breaks below with a significant volume. We were recommending a Sell rating on Facebook since an announcement of an IPO and our reason behind this was quite reasonable if you see logically. Don't invest in Facebook stock because you have other value picks available.

The selling in Facebook stock is partly due to the end of lock up period for 270 million shares, that could hit the market over the period of nine months. Read More

Ever since Kareena Kapoor featured in her bright pink saree and dark blue blouse in her item song 'Halkat Jawaani' in Madhur Bhandarkar’s upcoming film, her costume became the talk of town. And now buzz is that the same ensemble is being auctioned for a cause.

Our source says, "The money will be donated to a charitable organisation, which Kareena is associated to." There is also news that the Manish Malhotra-designed costume managed to create quite a buzz at the recently concluded Mumbai fashion week.

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In Wisconsin, Apple Scores An Early Victory Against Motorola

A recent summary judgement in the Wisconsin chapter of Apple vs. Motorola could set a precedent for patent disputes across the country. On Friday, before Google announced its decision to cut 4,000 jobs at the phone maker, the judge in Wisconsin ruled in a summary judgement that Motorola cannot sue to stop the sale of Apple's patent-flouting devices. Rather, the technology in question ought to be licensable to folks like Apple and Microsoft under fair, reasonable and non-discriminatory, otherwise known as FRAND, terms. Holding Motorola to FRAND terms would also cut down the price that Apple has to pay to license those patents. As Foss Patent explains, this could have an impact on FRAND-related disputes in other places, including the California chapter of Apple vs. Samsung.

Klout Gets An Algorithm And Interface Overhaul

Klout, that score-keeper of online activity, has announced changes to the way it calculates and displays scores and rankings. For one, it will take into account 4 times as many signals, AllThingsD explains, picking up 400 cues like list memberships and Facebook subscriptions before assigning a person a score. Klout's controvertial assigned scores and areas of "influence" have sometimes baffled users in the past, but Klout hopes to make their workings a little more transparent in this update. For one, Klout will indicate in a user's timeline when their influenc-o-meter spikes.

Google+ Joins The Vanity URL Game

Google's revealed that its social network system Google+ is going to allow users to adopt vanity URLs. The move will start with verified people and pages that are mainly celebrities or brands, and then eventually roll out to more users. Currently Google+ user pages are identified by a long string of numbers as an identifier, which is practical but hardly memorable.

Google is following a trail blazed by its more established rivals Twitter and Facebook, which have already adopted a more text-based identifier--Facebook more recently. The use of a simpler user ID allows both brands and named users to stand out a little and may also facilitate discovery of new users and content.

Google's blog posting about the news notes that it will expand to include "many more" users, but doesn't conclusively say that all of the users of the service will be able to choose a short, memorable URL.

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