Internet Accounts for 4.7% of U.S. Economy

"The Internet accounted for $684 billion, or 4.7% of all U.S. economic activity in 2010, Boston Consulting Group found. By way of comparison, the federal government, contributed $625 billion, or 4.3%, to the nation's output."

New Technologies Dispense With Librarians

"Faced with layoffs and budget cuts, libraries around the country are replacing traditional, full-service institutions with devices that may be redefining what it means to have a library."

Report: Tech Spending to Grow Slowly Through 2014

"Growth in worldwide corporate spending on computers, servers and other information technology will be 'timid and at times lackluster' over the next five years, according to analysts at research firm Gartner Inc."

Tech Employment Inches Up Less Than 1%

"The U.S. tech industry added about 30,200 jobs in the first six months of the year, lobbying group The TechAmerica Foundation said today in an analysis of Bureau of Labor Statistics data."

New Research Suggest Google Book Search Helps Publishers A Lot More Than It Hurts

"Michael Scott points us to a new research paper from law professor Hannibal Travis, that tries to look at the actual economic impact of Google's book scanning on publishers, and finds that the falling sky claims from publishers and critics simply isn't supported by the evidence."

Facebook and Other Social Media Cost UK Billions

"Employees who fritter time away on Facebook, Twitter and other social media Web sites are costing British businesses billions, new research suggests."

Survey: Americans Like Digital Media, if it is Cheap

"Only about 25% of people here say that they'd pay to access frequently used online content -- which contrasts with 43% globally -- according to the survey of 5,600 people in 22 countries."

The Cost of Data Breaches Is Rising, Study Finds

"A new report this week found that the average cost of a data breach at U.S. institutions last year was the highest it has been since the study began, five years ago."