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Social Media In Government

"Feds Launch Social Media Group -- In December 2008, the members of the Federal Web Managers Council presented a white paper to the Obama transition team addressing perceived and real barriers as well as opportunities for government entities to engage in a social media environment.

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NYC Helping Layed-off Investment Bankers

"New York City has a $15 million plan -- a fraction of its $43 billion budget -- to help laid-off investment bankers start new careers as entrepreneurs. This month, the city began offering office space, complete with computers and kitchens, at the low rate of $200 a month per person. The city is seeding a $3 million "angel investment fund" for start-ups. It also hopes to use $30 million in federal recovery funds originally set aside to deal with the aftermath of the Sept. 11 attacks to give grants to companies that create jobs in lower Manhattan.

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