Hey, Look Who's Now The 5th Biggest Company in the US

That's right: Google (GOOG).  And trading at a not-preposterous 55-times trailing 12-month earnings, too.

Rank   Company            Market Cap (Bil)   Ticker
1      Exxon Mobil        $505               XOM
2      General Electric   $415               GE
3      Microsoft          $333               MSFT
4      AT&T               $251               T
5      Google             $217               GOOG
6      Procter & Gamble   $215               PG
7      Bank of America    $213               BAC
8      Citigroup          $209               C

(Via Silicon Alley Insider.)

The Pirate Bay Developing New P2P Protocol to Replace BitTorrent [Yarrr]

tpb.pngThe Pirate Bay's pretty busy these days, reviving dead sites and whatnot, but their latest scheme is even bigger: They're working on an entirely new P2P protocol designed to replace BitTorrent, since BitTorrent Inc. is no longer making additions to the source code entirely open, which TPB believes grants them too much influence. The new extension, .p2p, will be backward-compatible with .torrent, and designed from the start to limit the effectiveness of spammers and anti-piracy organizations (no word on how, exactly). On the flip side of the coin, The Pirate Bay's clout isn't exactly insignificant anymore, and spearheading development of a new protocol it intends to rule the P2P roost is only going to grant it more sway if it takes off. [TorrentFreak]

(Via Gizmodo.)

DNI cans former FEMA staffer.

Earlier today, ThinkProgress noted that former FEMA director of external affairs John “Pat” Philbin had resigned his position, only to be rewarded with a promotion. Today, Philbin was set to become the director of public affairs for Director of National Intelligence Mike McConnell. But the DNI’s office has since backed away from its offer, putting out a statement this afternoon that reads:


We can confirm that Mr. Philbin is not, nor is he scheduled to be, the director of public affairs for the Office of the Director of National Intelligence.


CNN reported that, as of this morning, the DNI’s office had said Philbin’s appointment was still going forward. Now, the DNI’s office has reconsidered in the wake of increasing anger about the hiring. Watch it:



Screenshot

(Via Think Progress.)

Fmr FBI Director: Giuliani and George "Joined At The Hip" Over War On Terror

Rudy Giuliani, to quote a Democratic rival, would be like President Bush on steroids in the way he would go about protecting the U.S. from terrorists. In reality, Giuliani doesn't seem very different from Bush on the issue.

The former New York mayor says the government shouldn't be shy about eavesdropping on citizens. He is prepared to use military force to stop Iran from getting nuclear weapons and root out terrorists in Pakistan. And he opposes a U.S. pullout from Iraq.




(Via The Huffington Post | Raw Feed.)