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Web Advertising Hits Record High, Torrents For iPhone, Web Giants Vs. Gov At eG8, And More…

The Fast Company reader's essential source for breaking news and innovation from around the web--updated all day Web Ads Hit Record High In a sign that this bloody never-ending recession is indeed coming to an end, marketers are now spending record amounts on web ads, according to the Interactive Advertising Bureau. At $7.3 billion dollars, ads have spiked 23% year over year. To celebrate, we suggest actually clicking on a banner ad today to say, "Thanks, free Internet!" Download Torrents On iPhone (Jail-Break Only) Wish you could break the law all the time

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The Skylon: Britain’s Bad-Ass Rocketplane And Possible Shuttle Successor

As NASA settles for a tried and trusted solution, Britain's plans for a next-gen Space Shuttle inch forward with the Skylon: A black, future-tech spaceplane that absolutely looks the part. The Skylon has, in a way, been some three decades in development already--stretching almost back to the days of Apollo, curiously also the model for NASA's future spacecraft . But European and British regulators have just now given approval to its design.

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All My Purchases Wants To Make Sense Of Your Life–Or At Least Your Digital Receipts

A company that started out looking to join the social commerce revolution found an opportunity in simply being useful to people trying to manage email receipts. Inboxes are the new wallets--stuffed with too many receipts to even begin to organize. That’s why Project Slice is today launching a new application that will automatically scan your emails and collect all your purchase information in a single place.

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iFive: Google NFC Plans, Ballmer Must Leave MS, Apple’s Secret At WWDC, China Prison eGold, Kutcher Invests In Airbnbn

1. Google's open NFC credit card secret is now confirmed: Launch partners The Container Store and Vivotech accidentally confirmed that the system is on its way in September, will be dubbed Google Wallet and that it'll all be revealed at the special Google event later today.

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Meet The Winners Of "American Idol"

There’s no number to text your vote for Coke and Ford, but the brands have fused themselves to Fox’s pop star machine. Here’s how

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Google, ISIS Plotting The Downfall Of The Magnetic-Strip Credit Card

Two very big developments are about to happen in the NFC space, and together they might eliminate credit cards as we know them. Google has been courting the idea of NFC technology for a while, and it now seems poised to launch a potential game-changer (as Google is wont to do). The Wall Street Journal reported that an announcement from Google on Thursday will reveal its new NFC mobile-payment tech

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10 Facts You Want to Know about Tornadoes

While the search for survivors of the nightmarish Joplin, Mo., tornado is still far from over, AccuWeather.com meteorologists are forecasting that another round of deadly storms is about to occur today. As of Tuesday afternoon, the death toll had already raised to 118, ranking the event among the top 10 deadliest U.S. tornadoes of all time.

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Beyond Hawaiian-Shirt Friday: Groupon, Hulu Inspire Employee Innovation With Radical Trust

CEOs of two breakthrough, webby businesses show Fast Company how office policies built on frankness, trust, and occasionally awkward closeness engender a culture of success. Inside the multi-million dollar video streaming giant, Hulu CEO Jason Kilar has gone to extraordinary lengths to subvert his own power: He has no office, has a makeshift desk partly built from empty boxes, and personally takes each new hire out to lunch to learn what he or she thinks the company can do better.

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