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Yahoo! reported Monday night that Jerry Yang, its CEO, would resign from his post and the company would begin searching for a new CEO effective immediately.

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The one industry that will benefit from the hardships of the common man in the world economic crisis is file sharing. The music industry, movie industry and software manufacturers will be hit by a renasiance wave of file sharing activity. It is simple. When people cannot afford material things they turn to food, entertainment and sex. So there will be some business winners even in the economic slump and they will use the internet.

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In the last few days Steve Ballmer has shown just why he is the leader of the Microsoft Corporation. His steadfast resolve to not jump into bed with Yahoo! at this time is smart.

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How else can you explain allowing the loss of $20 billion dollars in market capital. Laying off thousands of workers but refusing a buy out offer that would bring in a profit. Participating in a partnership plan that is in obvious violation of anti-trust laws.

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It's been a few months since the Yahoo! board changes and total silence has fallen. While blogs like this are talking it up about the problems Yahoo is having the executive board seems to have run out of steam and ideas. The only solution that has come is the laying off of more workers. But the lay offs are not fix for a much more deep seated problem.

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Jim Goldman is not mincing words, is not chipping around the edges: "Jerry Yang has made a mockery of the vaunted company he helped create. And now he's creating havoc where it otherwise didn't need to be."

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Yahoo now may feel more pressure to renew talks with Microsoft and ultimately sell for a price well below the $33 per share that Microsoft offered in May. Yahoo shares traded Wednesday morning at just $13.67 and may sell for $19.

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It's happened and it's done. Barack Obama has become the 44th United States President. In a sweeping victory he has begun the change that most of the world is looking for and expects much from. But what about the changes needed to the technology that so much of America and the world is dependant on?

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There is lots of talk about the building of bridges and highways as a way to stimulate the U.S. economy. The problem with this is that it only directly stimulates the economics of American people and does nothing to help out those other countries that have suffered in the wake of the financial crisis started by the U.S.

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The 2008 U.S. presidential election is showing just how important broadband service is to the world. It is the most open communication point for anyone in the world and the one place where information flows freely 24 hours a day. But the internet is also starting to suffer from bottlenecks and slow downs due to the advent of video and other media that require greater amounts of bandwidth.

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