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|By Business Wire
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|January 16, 2013 08:30 AM EST
Enterprises realize on average only 43 percent of technology's business potential, according to a global survey of CIOs by Gartner, Inc.'s Executive Programs. That number has to grow for IT to remain relevant in an increasingly digital world.
The worldwide survey was conducted in the fourth quarter in 2012 and included 2,053 CIOs, representing more than $230 billion in CIO IT budgets and covering 36 industries in 41 countries. The Gartner Executive Programs report, "Hunting and Harvesting in a Digital World: The 2013 CIO Agenda," represents the world's most comprehensive examination of business priorities and CIO strategies.
Over the last 18 months, digital technologies — including mobile, analytics, big data, social and cloud — have reached a tipping point with business executives. Analysts said there is no choice but to increase technology's potential in the enterprise, and this means evolving IT's strategies, priorities and plans beyond tending to the usual concerns as CIOs expect their 2013 IT budgets to be essentially flat for the fifth straight year.
"Digital technologies provide a platform to achieve results, but only if CIOs adopt new roles and behaviors to find digital value," said Mark McDonald, group vice president and Gartner Fellow. "CIOs require a new agenda that incorporates hunting for new digital innovations and opportunities, and harvesting value from products, services and operations.
"In a world of change, it is concerning that around half of CIOs surveyed do not see IT's enterprise role changing over the next three years," Mr. McDonald said. "IT needs new tools if it hopes to hunt for technology-intensive innovation and harvest raised business performance from transformed IT infrastructure, operations and applications. Without change, CIOs and IT consign themselves to tending a garden of legacy assets and responsibilities."
The survey showed that CIO IT budgets have been flat to negative ever since the dot-com bust of 2002. For 2013, CIO IT budgets are projected to be slightly down, with a weighted global average decline of 0.5 percent.
Digital technologies dominate CIO technology priorities for 2013. The top 10 global technology priorities revealed by the survey reflect a greater emphasis on externally oriented digital technologies, as opposed to traditional IT/operationally oriented systems (see Table 1).
Table 1
Top 10 CIO Business and Technology Priorities in 2013
|Top 10 Business Priorities
|Top 10 Technology Priorities
|Increasing enterprise growth
|Analytics and business intelligence
|Delivering operational results
|Mobile technologies
|Reducing enterprise costs
|Cloud computing (SaaS, IaaS, PaaS)
|Attracting and retaining new customers
|Collaboration technologies (workflow)
|Improving IT applications and infrastructure
|Legacy modernization
|Creating new products and services (innovation)
|IT management
|Improving efficiency
|Attracting and retaining the workforce
|Implementing analytics and big data
|Expanding into new markets and geographies
|ERP Applications
SaaS = software as a service; IaaS = infrastructure as a service; PaaS =
platform as a service
Source: Gartner Executive Programs (January 2013)
CIOs see these technologies as disrupting business fundamentally over the next 10 years. When asked which digital technologies would be most disruptive, 70 percent of CIOs cited mobile technologies, followed by big data/analytics at 55 percent, social media at 54 percent and public cloud at 51 percent. The disruptiveness of each of these technologies is real, but CIOs see their greatest disruptive power coming in combination, rather than in isolation.
"As CIOs continue to amplify the enterprise with digital technologies while improving IT organizational structure, management and governance, 2013 promises to be a year of dual priorities," said Dave Aron, vice president and Gartner Fellow. "Key CIO strategies identified in the survey reflect the realities of these dual business priorities and confirm the need to expand IT's ability to hunt for new opportunities and harvest current business value. While CIOs recognize that IT's value contribution comes from delivering business solutions, they also recognize that the prioritization and delivery of specific results must change."
As needs and opportunities evolve, more CIOs will find themselves leading in areas outside of traditional IT. In addition to their tending role, they are starting to assume responsibility for hunting for digital opportunities and harvesting value. Sixty-seven percent of CIOs surveyed have significant leadership responsibilities outside of IT, with only 33 percent having no other such responsibilities. This situation contrasts sharply with 2008, when almost half of CIOs had no responsibilities outside of IT. Almost a fifth of CIOs now act as their enterprise's chief digital officer (CDO), leading digital commerce and channels. Although this nascent role varies in scope and style, it normally includes championing the digital vision for the business — that is, ensuring that the business is evolving optimally in the new digital context.
"IT cannot expect to secure additional funding without assuming new responsibilities or producing new results," said Mr. Aron. "Reacting to limited budgets by restructuring costs, outsourcing and doing more with less made sense from 2002 to 2011, when the supply of innovative technologies was scarce. Adapting to, and leading, in the digital world requires doing things differently, yet in ways consistent with the demands of digital technologies. CIOs need to make the case that mainstream emerging mobile, big data, social and cloud technologies justify revisiting IT budget and investment levels."
"CIOs knew that doing the right thing required tending to IT by delivering cost-effective quality services. CIOs and IT leaders managed cost, complexity and risk to enable business operations in a world of managed stability," Mr. McDonald said. "However, the world outside IT changed creating a quiet crisis for IT. Demands have increased in a world grown dynamic and digital. The harder CIOs work tended to current concerns, the less relevant IT became. CIOs know that the future rests in not repeating the past but in extending IT by hunting and harvesting in a digital world."
More-detailed analysis on the CIO agenda for 2013 will be presented in two webinars. During these webinars, Mr. McDonald and Mr. Aron will outline the results from the 2013 CIO agenda survey and the top business and technology priorities for CIOs. The "Agenda 2013 — Implications for High-Tech Providers" webinar will be hosted on February 5 at 11 a.m. EST. To register for this complimentary webinar, please visit http://my.gartner.com/webinardetail/resId=2299616. The webinar "New Priorities, Technologies and Leaders Shaping the Future of IT" will be hosted by Gartner on February 21 at 10 a.m. EST. To register for this webinar, please visit http://my.gartner.com/webinardetail/resId=2299617.
About Gartner Executive Programs
Thousands of CIOs and IT executives worldwide receive customized advice and participate in peer exchange opportunities through the membership-based programs of Gartner Executive Programs. Members enjoy personalized Gartner service, unique insight into the CIO role and the shared knowledge of the largest communities of their kind.
Through membership benefits including a team of service delivery professionals, exclusive research, access to CIO experts, peer networking opportunities and a rich online experience, programs such as Gartner for IT Executives CIO, CIO Signature and CIO Essentials equip members with the tools and knowledge they need to deliver exceptional results for their organizations. Additional information about Gartner Executive Programs can be found on Gartner's website at http://www.gartner.com/technology/cio/.
About Gartner
Gartner, Inc. (NYSE: IT) is the world's leading information technology research and advisory company. Gartner delivers the technology-related insight necessary for its clients to make the right decisions, every day. From CIOs and senior IT leaders in corporations and government agencies, to business leaders in high-tech and telecom enterprises and professional services firms, to technology investors, Gartner is a valuable partner in 12,400 distinct organizations. Through the resources of Gartner Research, Gartner Executive Programs, Gartner Consulting and Gartner Events, Gartner works with every client to research, analyze and interpret the business of IT within the context of their individual role. Founded in 1979, Gartner is headquartered in Stamford, Connecticut, USA, and has 5,300 associates, including 1,390 research analysts and consultants, and clients in 85 countries. For more information, visit www.gartner.com.
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India jumped into the world of MMA with the start of Super Fight League, a new promotion that debuted in Mumbai over the weekend. James Thompson submitted Bob Sapp at 1:52 because Sapp sustained a leg injury.
The real star of the show was SFL's theme song, which should shoot to the top of the charts immediately. It somehow combines the guitar riffs of an 80s movie montage song with the rapping skill of Snow. Basically, it's amazing.
"Boom, pow, punch kick WOW!" will be playing in your head for the rest of the day. You're welcome.
Thanks, Bloody Elbow.
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subset: commoncrawl


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Newly posted on the state legislature's website, a bill to inspire comity in the blogosphere: SB 21, which Pat Powers and I agree deserves a big "Do not pass." SB 21 is a prohibition on "social investing" restrictions on state investment funds.
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I look forward to hearing which of our legislators is willing to take the side of Iran and Sudan on this one. I also look forward to Rep. Dan Lederman's counter-legislation to put at least a drop of morality in our state investment system.
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Cara Scan Virus Di Memory CardCara Scan Virus Di Memory Card is a collection of products with 90 downloads. The most lightweight of them are Baby Ace (sized at 16,148) and AutorunCleanUpTool (sized at 313,049), while the largest one is OfficeScan Client with 572,996,242 bytes. It includes 23 freeware products like Trend Micro Titanium Internet Security and iCare Data Recovery Free as well as commercial software like DDR - Memory Card Recovery ($49) and MicroSD Card Recovery Pro ($79.96)
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my husband has prescriptions for both medications but I'm not sure if they are safe together.
Is it safe to take namenda (2) and donepezil (1) daily?
- Posted:
- 30 Sep 2012 by Malibu2008
- Topics:
- namenda, donepezil, prescription, medication
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Home > News > World
Monday, 27 January 2014 | MYT 10:25 PM
by abdi sheikh
MOGADISHU (Reuters) - A U.S. missile strike in southern Somalia on Sunday killed a senior al Shabaab commander who had masterminded suicide attacks by the al Qaeda-linked militant group, two Somali security officials said.
Both intelligence sources and a Somali government spokesman named the target on Monday as Ahmed Mohamed Amey, a chemicals expert also known as Isku Dhuuq.
A U.S. official on Sunday said the missile strike occurred in a remote area near Barawe, a coastal rebel enclave that was the site of a failed raid by American commandos in October targeting a militant known as Ikrima. It was not clear if the missile was launched from a drone.
The security sources said Amey was close to al Shabaab leader Ahmed Abdi Godane, who since taking charge in 2008 has restyled the group as a global player in the al Qaeda franchise - a transformation that was highlighted when it killed at least 67 people in an attack on a Kenyan shopping mall in September.
One of the officials, a former Islamist militant who defected in 2009, said Amey advised Godane on the operations of al Shabaab's Amniyat 'secret service', an elite unit blamed for suicide attacks in the Somali capital, Mogadishu.
"He was a good friend of Godane and the two were always on good terms," said the intelligence official, who identified himself as Hussein. "He was the adviser of al Shabaab leader Godane on matters regarding the Amniyat and masterminding suicide bomb attacks."
The second intelligence source said Amey became an adviser to Godane, who hails from the same Dir clan, after another of the leader's top lieutenants, known as al-Afghani, was killed last year.
A Somali government spokesman described Amey as a "top leader of al Shabaab". A spokesman for the U.S. embassy to Somalia, which is based in the Kenyan capital, could not be reached.
Both Somali intelligence officials said Amey was killed alongside his driver on Sunday.
An offensive by African Union troops has driven al Shabaab from southern Somalia's major towns but the militants still control large rural areas and remain the biggest security threat to east Africa, diplomats and analysts say.
Late last year, the U.S. military deepened its involvement in Somalia, sending a handful of officers to Mogadishu to help advice and support African Union and Somali forces.
(Additional reporting and writing by Richard Lough in Nairobi; Editing by Edmund Blair and Mark Trevelyan)
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Photoshop Lady
Your Favourite Photoshop Tutorials in One Place
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Under Photo Effect, Photoshop Tutorial
If you want to see yourself to become aged, here will show you the Photoshop skills. You need to prepare an aging woman's picture and extract the wrinkle. The idea is to replace the skins. You can also apply the idea to make different kinds of pic such as making yourself to be monster.
Skills for Merging of Different Natural Environments
To merge different environments together, it is necessary to fuse the images by adjusting the lighting and colors. If you are not familiar with this, you can initiate using some objects with similar backgrounds.
Apply a Fantastic Sunset Scene on your Object
Different natural scenes require sort of techniques to be applied on your image. If you would like to try the sunset scene, here the tutorial will explain you how to adjust the light and color to match with the sunset environment.
Create Stylish Vector Portraits using Illustrator and Photoshop
In this tutorial, it lets you behind the curtain to see how to create his incredible vector portraits by turning a photo into a 'poppy' vector illustration. You will learn quick and easy Photoshop adjustments that prepare artwork for translation into vector shapes.
Create a Great War Scenery
A great war scene is not necessary to be captured with real explosions and machinery. These effects can be done by combining other sceneries together to form your imaginative scene.
A Quick Way to Apply Retro Effect
How can you make your photo to be special in a minute? You can change it using retro effect in a quick way using curve function mainly. This effect can be applied in different kind of photos especially for old style photos.
Photo Manipulatiion – Catching a Big Shark Scene
This tutorial will show to create an aquatic scene about a fisherman catching a big shark. There will be some blood and some underwater seamless blending.The techniques used here are simple so let's get started. What you will be creating You will create an aquatic scene.
Photo Enhancement Tutorial
In this photoshop tutorial we will take an image of a woman and enhance photos with the use of simple photoshop tools such as the lasso, color correction, and we will enhance the photograph using simple photo manipulation techniques. After you are happy with your artwork, adjust brightness contrast to add depth.
Create a Fantastically Imagative City in Photoshop
Imagination is always a substantial factor to turn something boring into something exciting. This tutorial just turn the boring city into a Fantastically Imagative City in Photoshop. We will transform original pictures using Photoshop tools that will help to give the image a more spectacular look.


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Welcome to the UCL European Institute, UCL's hub for research, collaboration and information on Europe and the European Union. We are part of the Institute of Advanced Studies.
UCL European Institute
Media Gallery
EU referendum: the view of a UCL clinician-scientist
John Martin, Professor of Cardiovascular Medicine at
UCL, argues that scientific advance relies on creativity, cooperation,
and financing. To leave the EU would diminish all three, dimming the
light of British science in the world and threatening the UK's future
economy. This piece is part of the UCL European Institute's commissioning partnership with openDemocracy. For more on this topic, join the UCL European Institute for its high-level panel discussion EU Membership and UK Science on 12 May.
10 May 2016
John Martin
Starts: May 10, 2016 12:00:00 AM
'Eurofog' of claim and counterclaim on EU membership and UK science
Graeme Reid, Professor of Science and Research Policy at UCL, recently advised a House of Lords inquiry on the impact of EU membership on UK science and research. In this post, he discusses the inquiry's main findings, both expected and unexpected. He also joins a high-level panel to discuss the topic at the UCL European Institute on 12 May 2016.
10 May 2016
Graeme Reid
Starts: May 10, 2016 12:00:00 AM
Something rotten in the state of Czechia?
The Czech Republic has been in the news recently because of its politicians' somewhat quick Celtic campaign to rebrand the country to the world as 'Czechia'. But among political scientists and businesspeople the country's name has long suffered worst damage than this.
5 May 2016
Dr Sean Hanley
Starts: May 5, 2016 12:00:00 AM
Lessons from the Eurozone Crisis
This event took place on the occasion of the report "The Lessons of the Eurozone's Crisis that Should Shape the EU's G20 Stance" by Yannos Papantoniou, former Greek Economy, Finance and Defence Minister. Chaired by Martin Dickson, Deputy Editor Financial Times, the discussion included contributions by Edmond Alphandéry, former French Minister of the Economy and Chairman of the Euro50 Group, Friends of Europe Trustee, Giles Merritt, Secretary-General of Friends of Europe and Editor of the policy journal Europe's World, Sir John Gieve, Chairman of VocaLink and former Deputy Governor of the Bank of England, and Wendy Carlin, Professor of Economics at UCL.


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I had the same problem with my jeep. Funny thing is that that was the ONLY place there was rust. Here's what I did to fix it:
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PHILADELPHIA — The Southeastern Pennsylvania Transportation Authority (SEPTA) and the drivers' union are calling for special legal protection for transit workers after the shooting of a city bus driver Tuesday night, philly.com reported. A man shot and wounded the driver, Bernetta V. Rembert, after she told him he couldn't board the bus, which was out of service at the time. The shooting was the 46th assault on a SEPTA employee this year. For the full story, click here.
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Harris Corporation's Selenio media convergence platform is helping Zeonbud launch its national DVB-T2 broadcast network in the Ukraine. This is a turnkey DVB-T2 video headend solution for Zeonbud, which was awarded four DVB-T2 multiplex licenses to deliver 32 channels on a national or local basis. The licenses will allow Zeonbud to deliver digital terrestrial television (DTT) to 95 percent of the country.
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'Red Nose Day Special' Viewers Love Host Craig Ferguson
Beyond Walgreens: The Marketers That Backed NBC's 'Red Nose Day Special'
Cable Net Subscribers Down Again For June
What History Wants You To Know About `Roots'
Judge Grants Dauman's Request for Speedy Trial
Viacom Stock Rises as Board Girds for Fight
Telecom Italia launching 4K Android box
NBC to deliver Rio 2016 in 4K
Vodafone to support HBO España launch
2016 NAB Show Roundup: Which Innovations Will Change the Video Industry?
Sensors & Sensibility: Achieving the Luminous Glow of Whit Stillman's 'Love & Friendship'
Tips to Clip: June 2016


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Friday, July 29, 2011
Matt Moore: Tipping Pitches? Now With Video!
Diamond Research Posted: July 29, 2011 at 09:14 PM | 1 comment(s) Login to Bookmark
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He missed 22% of the time when limited to guessing 'fastball' or 'off speed.' what percentage of his pitches are fastballs anyway? Fail to reject the null hypothesis.
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A hunter who was shot in the back on Admiralty Island in southeast Alaska has been identified.
Twenty-five year old Jason Lindley was flown to Seattle for treatment.
The Coast Guard says Lindley's hunting party reported the shooting at about 9 a.m. on Sunday. An MH-60 Jayhawk rescue helicopter in the region heard the call and flew to the hunting party's location near Hawk Inlet, where crew members were able to pick Lindley up.
Lindley was taken to emergency medical personnel in Juneau, then stabilized at Bartlett Regional Hospital for transport to Seattle.
Alaska State Troopers spokeswoman Beth Ipsen says troopers are investigating and planned to question members of the hunting party.
Recent headlines
House Bill would help keep children in state custody closer to homeTribes say filing a petition to adopt in state court is hard to accomplish in remote villages, and requires the services of an attorney.
Insurance director tells lawmakers individual market could collapseThat was the message delivered to lawmakers Thursday, as they consider a bill to use the state's high-risk insurance pool to help stabilize the market.
Potential loss of cruise passenger funds puts Skagway budget in limboIf the state were to forgo distribution of passenger taxes, Skagway would lose out on about $4 million.
Historic agreement gives Kuskokwim tribes say in fish managementThe agreement is the first formalization of co-management between the Alaska tribes along the Kuskokwim River and the federal government.


text:
Cheek swabs may help save lives
Ravell Call, Deseret News
WEST VALLEY CITY — Heroes sometimes come from unlikely places.
Ethan VanLeuven's hero came in the form of his 21-month-old brother Blake.
Ethan, 4, has been a cancer patient for most of his life. His initial diagnosis of acute lymphoblastic leukemia came in September of 2011. The cancer that was in remission returned in June. His family soon found out that he would need a bone marrow transplant to survive.
In January, Ethan received that transplant from his brother. Siblings have a 25 percent chance of generating a successful bone marrow match.
On Tuesday, Granger Medical Clinic, Be the Match and the American Childhood Cancer Organization held a bone marrow donor drive to help gather potential donors for those who do not find a donor match within their family. The sample collection process is quick, free and may be a lifesaver.
"Really, it's their chance to be a hero. It's their chance to save someone's life," said Jennifer VanLeuven, the boys' mother.
About 20,000 people in the United States needed a bone marrow or umbilical cord transplant in 2011, according to the U.S. Department of Health and Human Services. Of these, only seven out of 10 patients find a match within their families.
To gather the sample, volunteers at the Granger clinic used cotton swabs to collect samples of cheek cells from potential donors. The samples were sent on for testing and the potential donors' name put on an international registry.
"Very simple. Very simple. I'm done," Erin Lewis said, in what she estimated was about five minutes total at the clinic drive.
Forty-nine people were added to the registry Tuesday before volunteers ran out of supplies. Additional donors were sent to another bone marrow drive in Draper.
The current registry has 9 million members.
Bone marrow transplants help those who are diagnosed with blood cancers such as leukemia and lymphoma.
Be the Match seeks volunteers between ages 18 and 44 to donate. Their names will remain on the registry until they are 61.
Donors have a 1 in 540 chance of donating bone marrow or peripheral blood stem cells to a patient. Most donors — 76 percent — give through a process similar to platelet donation, according to Trina Brajkovich, National Marrow Donor Project community engagement representative.
The other 24 percent of the time, marrow is taken out of the hip while a patient is under general anesthesia.
Those who wish to donate can register online at bethematch.org. They will be sent a kit in which they can retrieve samples from their own cheek and mail the samples in. Materials and postage are free. They will be contacted if they are a positive match.
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Six signs of an asset bubble
Relevant offers
What do tulips, car licence plates and ostriches have in common?
They're among dozens of dodgy investments that have undergone spectacular booms and busts over the years.
History always repeats. After months or years of euphoria, the bubble bursts, the brown stuff hits the whirly thing and there is much wailing and gnashing of teeth.
Huge fortunes are made and lost.
It's mostly the latter though, because it's practically impossible to call a bubble at its peak.
You have to be able to sell your stake to an even bigger sucker before the bubble gets so bloated that everyone else is getting out, too.
Inevitably, there are a few lucky winners and a whole lot of losers.
Bubbles are transparent and ethereal.
Until the actual implosion - which is usually accompanied by a sad and undignified squelching noise - they can be very tricky to spot.
Here are six telltale signs for spotting a bubble before it bursts:
1 Forever unproductive
Some of the biggest booms have been built on assets which aren't necessarily very useful.
Gold is the classic example. It looks nice and has some minor applications in technology, but it's generally not much use.
While the shiny stuff's value has rocketed over the last decade, it's not because jewellers are suddenly doing a roaring trade.
Last year legendary investor Warren Buffett dismissed gold's ascent as a bubble in the making.
"As 'bandwagon' investors join any party, they create their own truth - for a while," he said.
He pointed out that the only way to actually make money from gold is by hoping someone else will buy it from you for a higher price.
"But bubbles blown large enough inevitably pop," Buffett warned.
2 Distortions
If you went to the supermarket and saw that the price of peanut butter had rocketed, you'd probably buy less of it or choose Marmite instead.
But in a bubble situation, rising prices will often stimulate demand rather than curtail it.
That means you'd eventually have to remortgage your home to get a jar of peanut butter despite the fact that its underlying utility - tastiness on toast - hasn't changed a whit.
That doesn't sound so absurd when you revisit the "tulip mania" of the Dutch during the 17th century. The introduction of a new flower, with several unique colour variations, caused a whole lot of speculation on tulip bulbs.
The higher prices rose, the more the Dutch believed that the tulip market had no boundaries.
Dealers stocked up their inventories, increasing the scarcity factor, and in a single month tulips increased in value 20 times over.
By the time the bottom fell out, some people had traded their land, life savings or houses for a bulb now worth as much as a common onion.
3 Greater fools
The tulip style of investing goes by the name of "greater fool theory".
In simple terms, that means buying something with the sole intention of flicking it off to another sucker.
While the supply of fools is plentiful, it is apparently not infinite. Some New Zealanders found this out the hard way in our own little re-enactment of the tulip craze.
This time it was personalised number plates that were all the rage. In the mid-1990s, investors crowded into bustling auction nights at top hotels and paid tens or hundreds of thousands for unique plates.
Then the market stalled, almost overnight. Eventually, there was no-one left who was willing to pay a king's ransom for a piece of plastic with no intrinsic value.
Today, the endlessly optimistic owner of a unique set of MAORI plates is still trying to get a sale for $99,000 on Trade Me.
Judging by the comments section, which has overwhelmingly slammed him as a "dreamer", the boom-times are well and truly over.
4 Herd mentality
October 19, 1987 - Black Tuesday.
A day which is deeply ingrained in the memories of many investors who got burnt in the big sharemarket crash.
While there were several elements involved, including fraud, investor behaviour played a big part.
New Zealand was hit much harder than most as the nation celebrated our recent market freedom.
Every man and their dog was getting into the sharemarket game, and everyone was supposedly making their fortunes. This was FOMO (Fear Of Missing Out) on a grand scale.
When big asset bubbles form, they often suck in people from all walks of life who wouldn't normally be interested in investing.
If the pizza delivery boy offers up a hot stock pick alongside your lukewarm extra-large pepperoni, then it's probably time to get out of the game.
Recently investors have been piling back into global stockmarkets, thought it doesn't look like there's enough hype to brand it with the "b" word just yet.
5 "This time is different"
If you ever hear someone say these words, smile politely, turn around and walk quickly in the opposite direction.
In their book of the same name, economists Carmen Reinhart and Kenneth Rogoff embark on a journey to show us just how little we have learned. They cover "eight centuries of financial folly" across 66 countries where these four deadly little words crop up again . . . and again . . . and again.
Whenever someone points to a bubble forming, gurus will sanction it as some kind of "new paradigm".
Just like 1987, the dot-com bubble that burst in 2000 left a sour taste in the mouth of many Kiwis.
Stock in a group of new tech companies connected to the internet - especially those prefixed with an "e-" or suffixed with a ".com" - went through the roof.
Analysts argued that they were a new breed and shouldn't be held to the boring old standards - like actually being able to turn a profit.
Instead of revenue and costs, they used metrics like site clicks and page views. This time, they said, it was different.
Of course, it wasn't. Many companies failed completely, while others plummeted from high-flying stocks to penny dreadfuls.
6 Easy credit
In his book Boombustology, Yale University lecturer Vikram Mansharamani hashes out some of the underlying characteristics shared by asset bubbles.
One of them is cheap money.
With interest rates at record lows in New Zealand and most of the world, money has never been cheaper.
The banks haven't returned to their pre-financial crisis levels of lax lending yet, but some of them aren't far off.
There's certainly some easy credit on offer, and thousands of people continue to leverage themselves to the hilt to buy obscenely-priced houses.
The jury's still out on whether the housing market is getting dangerously overheated.
But it's worth noting that Mansharamani identifies political manipulation as another telltale sign of bubble-blowing.
With the Government's hand poised to intervene, there's another red flag that house prices could indeed become big, spherical, and full of hot air in some parts of the country.
- BusinessDay.co.nz
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