Monday, June 10, 2013

NSA contractor risks steep jail time for data leak

This photo provided by The Guardian Newspaper in London shows Edward Snowden, who worked as a contract employee at the National Security Agency, on Sunday, June 9, 2013, in Hong Kong. The Guardian identified Snowden as a source for its reports on intelligence programs after he asked the newspaper to do so on Sunday. (AP Photo/The Guardian)

This photo provided by The Guardian Newspaper in London shows Edward Snowden, who worked as a contract employee at the National Security Agency, on Sunday, June 9, 2013, in Hong Kong. The Guardian identified Snowden as a source for its reports on intelligence programs after he asked the newspaper to do so on Sunday. (AP Photo/The Guardian)

A sign stands outside the National Security Administration (NSA) campus in Fort Meade, Md., Thursday, June 6, 2013. The Obama administration on Thursday defended the National Security Agency's need to collect telephone records of U.S. citizens, calling such information "a critical tool in protecting the nation from terrorist threats." (AP Photo/Patrick Semansky)

Glenn Greenwald, a reporter of The Guardian, speaks to reporters at his hotel in Hong Kong Monday, June 10, 2013. Greenwald reported a 29-year-old contractor who claims to have worked at the National Security Agency and the CIA allowed himself to be revealed Sunday as the source of disclosures about the U.S. government's secret surveillance programs, risking prosecution by the U.S. government. (AP Photo/Vincent Yu)

(AP) ? The man who gave classified documents to reporters, making public two sweeping U.S. surveillance programs and touching off a national debate on privacy versus security, has revealed his own identity. He risked decades in jail for the disclosures ? if the U.S. can extradite him from Hong Kong where he has taken refuge.

Edward Snowden, 29, who says he worked as a contractor at the National Security Agency and the CIA, allowed The Guardian and The Washington Post newspapers to reveal his identity Sunday.

Both papers have published a series of top-secret documents outlining two NSA surveillance programs. One gathers hundreds of millions of U.S. phone records while searching for possible links to known terrorist targets abroad, and the second allows the government to tap into nine U.S. Internet companies to gather all Internet usage to detect suspicious behavior that begins overseas.

The revelations have reopened the post-Sept. 11 debate about individual privacy concerns versus heightened measures to protect the U.S. against terrorist attacks. The NSA has asked the Justice Department to conduct a criminal investigation into the leaks. Government lawyers are now "in the initial stages of an investigation into the unauthorized disclosure of classified information by an individual with authorized access," said Nanda Chitre, Justice Department spokeswoman.

President Barack Obama said the programs are authorized by Congress and subject to strict supervision of a secret court, and Director of National Intelligence James Clapper says they do not target U.S. citizens.

But Snowden claims the programs are open to abuse.

"Any analyst at any time can target anyone. Any selector. Anywhere," Snowden said in a video on the Guardian's website. "I, sitting at my desk, had the authority to wiretap anyone, from you or your accountant to a federal judge to even the president if I had a personal email."

Some lawmakers have expressed similar concerns about the wide reach of the surveillance.

"I expect the government to protect my privacy. It feels like that isn't what's been happening," said Sen. Mark Udall, D-Colo., a member of the Senate Intelligence Committee. "Again, there's a line, but to me, the scale of it and the fact the law was being secretly interpreted has long concerned me," he said Sunday on CNN, adding that at the same time, he abhors leaks.

Senate intelligence committee chairman, Democrat Dianne Feinstein of California, contends the surveillance does not infringe on U.S. citizens' privacy, and that it helped disrupt a 2009 plot to bomb New York City's subways and played a role in the case against an American who scouted targets in Mumbai, India, before a deadly terrorist attack there in 2008. Feinstein spoke on ABC's "This Week."

Clapper has decried the revelation of the intelligence-gathering programs as reckless and said it has done "huge, grave damage."

The spokesman for the Director of National Intelligence Shawn Turner said intelligence officials are "currently reviewing the damage that has been done by these recent disclosures."

The disclosures come as the White House deals with managing fallout from revelations that it secretly seized telephone records of journalists at The Associated Press and Fox News.

Snowden says he was a former technical assistant for the CIA and a current employee of defense contractor Booz Allen Hamilton, which released a statement Sunday confirming he had been a contractor with them in Hawaii for less than three months, and promising to work with investigators.

Snowden could face many years in prison for releasing classified information if he is successfully extradited from Hong Kong, according to Mark Zaid, a national security lawyer who represents whistleblowers.

Hong Kong, though part of China, is partly autonomous and has a Western-style legal system that is a legacy from the territory's past as a British colony. A U.S.-Hong Kong extradition treaty has worked smoothly in the past. Hong Kong extradited three al-Qaeda suspects to the U.S. in 2003, for example.

But the treaty comes with important exceptions. Key provisions allow a request to be rejected if it is deemed to be politically motivated or that the suspect would not receive a fair trial. Beijing may also block an extradition of Chinese nationals from Hong Kong for national security reasons.

"The government could subject him to a 10 or 20 year penalty for each count," with each document leaked considered a separate charge, Zaid said.

Snowden told the Guardian newspaper he believes the government could try to charge him with treason under the Espionage Act, but Zaid said that would require the government to prove he had intent to betray the United States, whereas he publicly made it clear he did this to spur debate.

"My sole motive is to inform the public as to that which is done in their name and that which is done against them," Snowden told the Guardian.

The government could also make an argument that the NSA leaks have aided the enemy ? as military prosecutors have claimed against Army Pvt. Bradley Manning, who faces life in prison under military law if convicted for releasing a trove of classified documents through the Wikileaks website.

"They could say the revelation of the (NSA) programs could instruct people to change tactics," Zaid said. That could add more potential jail time to the punishment.

Snowden told the Post he was not going to hide.

"Allowing the U.S. government to intimidate its people with threats of retaliation for revealing wrongdoing is contrary to the public interest," he said in the interview published Sunday. Snowden said he would "ask for asylum from any countries that believe in free speech and oppose the victimization of global privacy."

Snowden told The Guardian he lacked a high school diploma and served in the U.S. Army until he was discharged because of an injury, and later worked as a security guard with the NSA at a covert facility at the University of Maryland.

He later went to work for the CIA as an information technology employee and by 2007 was stationed in Geneva, Switzerland, where he had access to classified documents.

During that time, he considered going public about the nation's secretive programs but told the newspaper he decided against it, because he did not want to put anyone in danger and he hoped Obama's election would curtail some of the clandestine programs.

He said he was disappointed that Obama did not rein in the surveillance programs.

"Much of what I saw in Geneva really disillusioned me about how my government functions and what its impact is in the world," he told The Guardian. "I realized that I was part of something that was doing far more harm than good."

Snowden left the CIA in 2009. He said he spent the last four years at the NSA, briefly as a contractor with consulting giant Booz Allen Hamilton and, before that, Dell.

The Guardian reported that Snowden was working in an NSA office in Hawaii when he copied the last of the documents he planned to disclose and told supervisors that he needed to be away for a few weeks to receive treatment for epilepsy.

He left for Hong Kong on May 20 and has remained there since, according to the newspaper. Snowden is quoted as saying he chose that city because "they have a spirited commitment to free speech and the right of political dissent", and because he believed it was among the spots on the globe that could and would resist the dictates of the U.S. government.

"I feel satisfied that this was all worth it. I have no regrets," Snowden told The Guardian.

___

Follow Dozier on Twitter at http://twitter.com/kimberlydozier or at http://bigstory.ap.org/tags/kimberly-dozier

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/89ae8247abe8493fae24405546e9a1aa/Article_2013-06-10-NSA-Phone%20Records/id-7a5b3e8e9c8a4216b4c4d76bdb0cc231

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Wednesday, May 22, 2013

Sleepless Nights May Hurt School Performance of Kids With Asthma ...

teacher Sleepless Nights May Hurt School Performance of Kids With Asthma

TUESDAY, May 21 (HealthDay News) ? Urban elementary school children with poorly controlled asthma are likely to experience sleep problems and suffer academically, new research indicates.

?In our sample of urban schoolchildren, aged seven to nine, we found that compromised lung function corresponded with both poor sleep efficiency and impaired academic performance,? said study author Daphne Koinis-Mitchell, an associate professor of psychiatry and human behavior at Brown University?s Alpert Medical School in Providence, R.I.

Koinis-Mitchell, who is also an associate professor of pediatrics, is scheduled to present her findings Tuesday at the American Thoracic Society annual meeting in Philadelphia.

The findings stem from an analysis involving 170 pairs of white, black and Hispanic children and their fathers living in the Providence area.

The children?s asthma symptoms were monitored over three-month periods, and the children and their parents were asked to keep a health diary as well.

Questionnaires were also completed to gauge the degree to which asthmatic symptoms were kept under control. Sleep quality was also monitored and quantified.

The result: Children with poorly controlled asthma fared worse at school, according to their teachers. ?Carelessness? regarding school work was also linked to poorer sleep, as was difficulty in staying awake while in class.

?Urban and ethnic minority children are at an increased risk for high levels of asthma morbidity and frequent health care utilization due to asthma. Given the high level of asthma burden in these groups, and the effects that urban poverty can have on the home environments and the neighborhoods of urban families, it is important to identify modifiable targets for intervention,? Koinis-Mitchell said in a news release from the thoracic society.

Efforts aimed at improving asthma control and sleep quality may help to boost academic performance in this vulnerable population, she added. ?In addition, school-level interventions can involve identifying children with asthma who miss school often, appear sleepy and inattentive during class or who have difficulty with school work. Working collaboratively with the school system, as well as the child and family, may ultimately enhance the child?s asthma control,? she said.

Data and conclusions presented at meetings are typically considered preliminary until published in a peer-reviewed medical journal.

More information

For more on asthma and children, visit the American Lung Association.

HEALTHDAY Web XSmall Sleepless Nights May Hurt School Performance of Kids With Asthma

Source: http://news.health.com/2013/05/21/sleepless-nights-may-hurt-school-performance-of-kids-with-asthma/

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City of San Diego to pay $18.5 million Personal Injury Settlement ...

The city of San Diego has agreed to pay $18.5 million to the family of a young boy who lost his leg after he was struck by a city trash truck.

The personal injury settlement was reached yesterday, May 20, 2013, the day the case was scheduled for trial. ?The $18.5 million settlement is the largest personal injury settlement in the city of San Diego. ?The Attorney for the City said that what happened to the child was a tragedy and commented ?This isn?t really a situation of anybody winning or losing; the city felt it was in the best interest of everyone to resolve the case without a trial.?

The child was struck in November 2011 and suffered major internal injuries and broken bones. His left leg was amputated. ?Since the accident, the child, now 10 years old, has undergone more than 50 operations and still battles massive internal injuries. The family filed their personal injury lawsuit in San Diego Superior Court, accusing the city of negligently hiring, training and supervising the driver of the trash truck. The city truck driver was making an illegal and dangerous ?T?turn near an elementary school, and he was on his cellphone. It was also discovered that the driver had more than a dozen traffic violations. The witness who testified that the driver was on his cellphone when he ran over the child said: ?I was trying to get his attention to tell him and he was on the cellphone?.

The settlement will be set aside for the boy and will be used for a lifetime of medical challenges. ?He is currently using a?prosthesis?which will need?constant?attention as he grows.

Has a serious personal injury or the wrongful death of a loved one changed your life? You deserve a caring and experienced San Diego Personal Injury Attorney who knows how to get results.

If you?d like an honest assessment of your personal injury case, contact The Law Office of Peter S. Cameron at 877-603-8473 for a free, no-obligation case review. ?As a San Diego Personal Injury Attorney, Mr. Cameron is committed to protecting the rights of the seriously injured by providing personalized and expert representation to those who need it most. To discuss your legal rights after a serious accident with an experienced attorney, call or submit our secure online claim form today. We are here to help you.

This article is for educational and marketing purposes only. ?It does not create an attorney-client relationship.

Source: http://sandiegolegaloffice.com/2013/05/city-of-san-diego-to-pay-18-5-million-personal-injury-settlement/

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Should we let wunderkinds drop out of high school?

FILE - In this Oct. 1, 2012 file photo, Tumblr founder David Karp participates in the "Bloomberg Leadership Summit" seminar in New York. Karp, 26, who founded Tumblr, the online blogging forum, and sold it to Yahoo for $1.1 billion, doesn't even have a high school diploma. Karp's mother told the AP that she let him leave school because she realized "he needed the time in the day in order to create." (AP Photo/Charles Sykes/Invision for Advertising Week)

FILE - In this Oct. 1, 2012 file photo, Tumblr founder David Karp participates in the "Bloomberg Leadership Summit" seminar in New York. Karp, 26, who founded Tumblr, the online blogging forum, and sold it to Yahoo for $1.1 billion, doesn't even have a high school diploma. Karp's mother told the AP that she let him leave school because she realized "he needed the time in the day in order to create." (AP Photo/Charles Sykes/Invision for Advertising Week)

FILE - In a Monday, May 20, 2013 file photo, Yahoo CEO Marissa Mayer, and Tumblr Chief Executive David Karp speak during a news conference, in New York. Karp, 26, who founded Tumblr, the online blogging forum, and sold it to Yahoo for $1.1 billion, doesn't even have a high school diploma. Karp's mother told the AP that she let him leave school because she realized "he needed the time in the day in order to create." (AP Photo/Frank Franklin II, File)

(AP) ? It's one thing to say tech geniuses don't need degrees. After all, Bill Gates, Steve Jobs and Mark Zuckerberg all dropped out of college.

But now we've got David Karp, who doesn't even have a high school diploma. Karp, 26, founded Tumblr, the online blogging forum, and sold it to Yahoo for $1.1 billion.

Which raises the question: When is it OK for a wunderkind to drop out of school?

Some folks in Silicon Valley and elsewhere say a conventional education can't possibly give kids with outsize talents what they need. Others, like Vivek Wadhwa, a fellow at Stanford Law School who teaches and advises startup companies, say dropping out to pursue a dream is like "buying a lottery ticket ? that's how good your odds are here. More likely than not, you will become unemployed. For every success, there are 100,000 failures."

But what about kids who are so good at computer programming that schools can't teach them what they need to know? "That's what internships are for; that's what extracurricular activities are for," says Wadhwa, who has founded two companies.

Karp, in an interview with The Associated Press on Monday, said he hopes teenagers don't look at his success as an excuse for leaving school. "That is not a path that I would haphazardly recommend to kids out there," he said. "I was in a very unique position of knowing exactly what I wanted to do at a time when computer science education certainly wasn't that good in high school in New York City."

Karp's mother gave him the option of home-schooling when he was 14, after he completed his freshman year at the Bronx High School of Science, an elite New York City public school that only admits students who score well on a difficult entrance exam. Karp took Japanese classes and had a math tutor while continuing with an internship at an animation production company, but by age 16, he was working for a website and was on his way to become a tech entrepreneur. He never did get his diploma. Karp's mother told the AP that she let him leave school because she realized "he needed the time in the day in order to create."

That resonates with Penny Mills of Hudson, Mass., who let her son Thomas Sohmers, 17, drop out of 11th grade this year. "I could see how much of the work he was doing at school wasn't relevant to what he wanted to learn," she said. "He always wanted to learn more than what the schools wanted to teach him. At times it was very frustrating. I was fortunate to find people that were able to teach him more, but he has gone beyond what high school could ever give him."

Thomas has been working at a research lab at the esteemed Massachusetts Institute of Technology since he was 13, developing projects ranging from augmented reality eyewear to laser communications systems. He just won a Thiel Fellowship, which gives $100,000 to 20 people under the age of 20 each year so they can skip college to focus on research or a dream, whether it's a high-tech project, a business or a nonprofit. But his mom says she would have let him drop out even if he hadn't won the award.

"The part that really bothers me is that there are a lot of Thomases out there and their needs are not being met," said Mills.

Thomas says he's sad to be leaving his teenage friends behind, but he's excited about the future. And he has mixed feelings about his years in school. "I've had some amazing, great teachers that really have the passion to teach, but most of what is in school now is teaching to a test," he said. "It's really sad. You're not learning the skills for how to solve the problem ? you are just learning the answer to this question that is going to be on the test."

Susan Bartell, a psychologist based in Port Washington, New York who works with adolescents and their families, says she frequently encounters parents who are convinced that their kids are extraordinarily gifted. But she cautions that it's "the very rare exception when this decision (to drop out) makes sense." In the case of Karp, she said, "it worked out, but almost always it doesn't ? even if a kid is extremely gifted. School is about much more than just academics and in most cases, even the most gifted kids need the socializing."

And not all young moguls take Karp's route. Earlier this year, a 17-year-old from London, Nick D'Aloisio, sold an app he created to Yahoo for $30 million ? but he decided to stay in school.

On the other hand, there are examples of successful individuals in many fields who lack a high school diploma, from top performers such as Jay-Z to billionaire businessmen such as Richard Branson.

The tech community may be different from other industries. Degrees are not necessarily seen as a hallmark of achievement and programmers are judged on their ability to type lines of code. You are what you create.

What also sets the field apart is that computer programming is not taught at every high school, and even when it is, the most talented students often either "surpass the curriculum or feel it's not relevant to them," said Danielle Strachman, program director for the Thiel Fellowship. "They want to move at their own pace."

Strachman also emphasized that just because someone has left school, doesn't mean they've stopped learning. The Thiel program provides not just funding, but a community of peers and mentors to help recipients reach their goals. And they can always go back to pursue a degree when the fellowship is over.

It's a goal that even Karp has his eye on? despite his newfound wealth. "I hope I have an opportunity to go to school at some point," he said, "and study something completely different."

___

Associated Press writers Meghan Barr in New York and Michael Liedtke in San Francisco contributed to this story.

___

Online:

Thiel Fellowship: http://www.thielfellowship.org/

Associated Press

Source: http://hosted2.ap.org/apdefault/495d344a0d10421e9baa8ee77029cfbd/Article_2013-05-21-Wunderkind%20Dropouts/id-03eaad9f649849888352f829888e0afd

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Josh Farmer: Ed Carpenter's Indy 500 Chances

Ed Carpenter is a rare breed in Indycar today being an owner/driver in a series dominated by multicar teams and rich team owners. This weekend, however, he shut out the field and won the pole for the Indianapolis 500.

A testament to what Carpenter had to overcome to win this pole was who he was up against in the Fast Nine. Between five Andretti Autosport entries and three Team Penske entries, he was up against the juggernauts in IndyCar and the odds did not appear to be in his favor. When it was go time, he delivered and beat them all for the pole.

So can Carpenter win the 500? I would say the odds are definitely in his favor. For one thing: the ovals are his strong suit. Of his 32 career top tens, 30 of those have been on ovals. He won at Kentucky in 2011 after finishing second the last 2 years, which included getting beat right at the line by Ryan Briscoe in 2009, driving for a relatively new Fisher Hartman Racing team beating Dario Franchitti: no easy task there. Very similar to what he did this past weekend to win the pole for the Indy 500, David beating Goliath.

He also knows how to win a 500 mile race. At last years season finale at Fontana, Carpenter dominated the race, leading the most laps and passed Dario Franchitti on the last lap to win the race. A 500 mile race in of itself is a challenge to win, and since he has won one already, he's proven he has what it takes. At the Indy 500 last year, he came from the back to the front and was running inside the top 5 towards the end of the race before a late spin took him out of contention.

So, long story short, can he win the race? Yes he can. Will he, we shall have to wait until Sunday to know for sure.

?

Follow Josh Farmer on Twitter: www.twitter.com/jfarmer7710

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Source: http://www.huffingtonpost.com/josh-farmer/can-ed-carpenter-win-the-_b_3303472.html

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Monday, May 20, 2013

Chad Johnson: Arrested For Probation Violation

Source: http://www.thehollywoodgossip.com/2013/05/chad-johnson-arrested-for-probation-violation/

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Yahoo takes big leap with $1.1B deal for Tumblr

FILE - In this April 18, 2011 file photo, the Yahoo logo is displayed outside of the offices in Santa Clara, Calif. (AP Photo/Paul Sakuma, File)

FILE - In this April 18, 2011 file photo, the Yahoo logo is displayed outside of the offices in Santa Clara, Calif. (AP Photo/Paul Sakuma, File)

SAN FRANCISCO (AP) ? Yahoo is buying online blogging forum Tumblr for $1.1 billion as CEO Marissa Mayer tries to rejuvenate an Internet icon that had fallen behind the times.

The deal announced Monday represents Mayer's boldest move yet since she left Google 10 months ago to lead Yahoo's latest comeback attempt. It marks Yahoo's most expensive acquisition since the Sunnyvale, Calif., company bought online search engine Overture a decade ago for $1.3 billion in cash and stock.

Yahoo is paying all cash for Tumblr, dipping into some of its remaining stash from a $7.6 billion windfall reaped last year from selling about half of its stake in Chinese Internet company Alibaba Holdings Group. Taking over Tumblr will devour about one-fifth of the $5.4 billion in cash that Yahoo had in its accounts at the end of March.

Yahoo also says that "per the agreement and our promise not to screw it up, Tumblr will be independently operated as a separate business" with David Karp staying on as CEO.

Tumblr, a service started six years by Karp, a high school dropout, now figures to play a pivotal role in Mayer's attempt to reshape Yahoo. To take on the challenge, Mayer ended a highly successful 13-year career at Google, which she helped surpass Yahoo as the Internet's most influential company. Since coming to Yahoo, Mayer has concentrated on improving employee morale, redesigning services and bringing in more engineering talent through a series of small acquisitions that have collectively cost less than $50 million.

Her efforts have been well-received on Wall Street so far, although most of the 69 percent surge in Yahoo's stock price under Mayer's leadership has been driven by the rising value of Yahoo's remaining 24 percent in Alibaba. When Alibaba goes public within the next few years, analysts have estimated Yahoo could collect another $10 billion to $20 billion by selling the rest of its Alibaba stock.

If this deal pays off the way Mayer envisions, Tumbler could help Yahoo finally get its stock price to $33. That would be a major coup because many investors soured on Yahoo after a previous regime led by co-founder Jerry Yang squandered an opportunity five years ago to sell the entire company to Microsoft for $33 per share. The stock spent more than four years trading below $20 before the recent surge that lifted the price to $26.52 through last week.

The deal could backfire though if Yahoo's effort to make more money alienate a Tumblr user base that so far has been subjected to hardly any advertising during the service's six-year history.

"Yahoo has to manage this acquisition in a way that keeps Tumblr's user base while trying to add advertising, which historically tends to turn off a lot of people," said Forrester Research analyst Zachary Reiss-Davis.

Mayer is betting that Tumblr will provide Yahoo with a captivating hook to reel in more traffic and advertisers on smartphones and tablet computers. That rapidly growing market is expected to become even more important during the next decade as people increasingly consume digital content on mobile devices instead of laptop and desktop machines.

Besides offering one of the top mobile apps, Tumblr also runs one of the world's busiest websites, featuring 75 million daily posts about everything from politics to pets. Advertising has been a missing ingredient so far as Tumblr, like many online services in their early stages, focused on building a loyal audience before turning its attention to making money.

Tumblr will remain based in New York and led by Karp, 26, who may now have a mentor in Mayer, 37. The startup has about 175 employees.

The deal also has some symbolic significance for Yahoo, an 18-year-old company that had spent much of the past decade aimlessly drifting under different management teams while Google Inc. overtook it in terms of size and influence. At the same time, newcomers such as Facebook Inc. and Twitter began to command the attention of people who found themselves spending less and less time on Yahoo.

Part of Yahoo's problems stemmed from missed chances to improve its service and technology.

Yahoo flirted with potential acquisitions of Google and Facebook in those two companies' early days, only to have the talks unravel because Yahoo wasn't prepared to pay asking prices that were far below the current market values of Google ($300 billion) and Facebook ($63 billion). Yahoo also considered buying YouTube in 2006, only to be outbid by Google, which snapped up the world's leading online service for $1.76 billion ? a price that now looks like a bargain.

Even when Yahoo did pull off deals, the company has been criticized for mismanaging a list of acquired services that includes photo-sharing Flickr, online help-wanted service HotJobs and content-sharing service Del.icio.us. Yahoo ended up selling HotJobs and Del.icio.us, but Mayer has been looking at ways to spruce up Flickr and blend its photos into more of Yahoo's other services. Mayer is expected to discuss more changes for Flickr at an event in New York Monday evening.

Tumblr could help Yahoo recapture some of its cachet with teens and adults in their early 20s, a demographic that has become tougher for Yahoo to reach in recent years as it fell behind the technological curve and struggled to develop compelling services.

While Facebook has turned into a mainstream social network where even grandparents now connect family and friends, Tumblr has become one of the places where the cool kids hang out.

Tumblr emerged has a trendy online hangout by providing a service that makes it easy to share blog posts, photos, video and other content in an enthralling mosaic. The service says it has amassed more than 50 billion posts from 108 million blogs. Tumblr users rely on a dashboard to pinpoint the kinds of blogs that they want to track and also have tools to pass along the posts that interest them.

That wealth of content could be interwoven into Yahoo's other services that provide coverage of general news, sports, finance and entertainment. Tumblr also will fill Yahoo's gaping void in the realm of social media. Yahoo so far has had to connect its services to Facebook and Twitter to give its users a social networking outlet.

Having its own social networking service will also give Yahoo more insights into the things that people like ? a key to distributing ads to consumers most likely to be interested in a specific products. That data, in turn, should help Yahoo sell more ads and accelerate its revenue growth. After three successive years of declines, Yahoo's revenue rose slightly last year, but lagged far behind the growth at Google and Facebook. Mayer has vowed to bring Yahoo's revenue growth back to at least the level of the overall Internet ad market.

Yahoo's acquisition will deliver a jackpot to Karp, who dropped out of high school to concentrate on computer programming. He ended up being home schooled while taking classes in Japanese and working on gambling software. Later, he became a product executive at a parenting website called UrbanBaby. After CNet bought the site in 2006, Karp set up his own a development service called "Davidville" before deciding to create an outlet for personal expression ? an endeavor that hatched Tumblr.

Karp's cut from the Yahoo deal is about $275 million. Most of the rest of the money will be paid to the venture capitalists that invested about $125 million into Tumblr. That list includes Spark Capital, Sequoia Capital, Greylock Partners, Union Square Ventures and Insight Venture Partners.

Associated Press

Source: http://hosted2.ap.org/APDEFAULT/3d281c11a96b4ad082fe88aa0db04305/Article_2013-05-20-Yahoo-Tumblr%20Acquisition/id-3d0fecefda674a70b07b173592085b39

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