Barack Obama’s new budget hits with a thud, Facebook gets a browser add-on straight out of 007, a young trep and The *TeaShed are hoping to change the way the Brits do tea, a teenage inventor’s quest to make school buses more aerodynamic, Gizmodo explains Bitcoin, Vine and SnapChat win over teens, teaching yourself something new… This week’s notable news and tantalizing tidbits for young treps:
1.. Best of Obama’s Budget: Say what you will about Ezra Klein, but here are his top three best proposals from the White House’s latest budget. (The Washington Post)
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2.Facebook confidential: While you won’t need a decoder ring to decipher the hidden messages found on Facebook, you will need the browser extension called Secretbook. The brainchild of former Google intern, 21 year-old Owen Campbell Moore, the extension allows users to embed secret messages within JPEG images. (Wired)
3. Making waves in Britain: See how The *TeaShed founder Jules Quinn, 24, is on her way toward turning a fashion degree into a teaware and homeware empire. (BDaily)
4. Seventeen and going green: In seventh grade, Chicago teen and one of Forbes’ 30 Under 30, Jonny Cohen conceived the GreenShields Project, a company that makes a retrofitted wing that sits atop conventional school buses claiming a fuel savings of 10 to 20 percent. Now 17 and off to college, he has almost brought his fuel and cost saving invention to the masses. (The Chicago Tribune)
5. Demystifying Bitcoin: Gizmodo simplifies the complicated question on many people’s tongues, what is Bitcoin? This anonymous, online currency has colossal implications not only for privacy advocates and drug dealers, but the entire global economy. (Gizmodo)
6. Banks in hot water… again: A new report from the Special Inspector General for the Troubled Asset Relief Program, or TARP, showed that more than half of the $4 billion earmarked for small-business loans under the Small Business Lending Fund went to repay bailouts instead. (CNN Money)
7. Losing steam with teens: Though still the most important social-media network, among teens Facebook is losing ground with the important demographic. Up and coming social networks like Vine and Snapchat are quickly gaining speed. (TechCrunch)
8. Startup perks: Despite the long hours, David Politis, CEO of BetterCloud, thinks startups are more attractive to work for than tech giants like Facebook, Google and Microsoft. He says companies ought to bank on innate perks over material riches to attract top talent. (Forbes via Young Entrepreneur Council)
9. Reframing weaknesses: How young entrepreneur James McBennett turned his narcolepsy into strength — offering a positive message not only to entrepreneurs with disabilities, but all treps who are finding it hard to overcome adversity. (Revolution.is)
10. Teaching yourself something new: Jake Nickell, founder and CEO of Threadless, describes why he thinks success in business stems from having both the ignorance and confidence to strike something new — or just strike out. (LinkedIn Today)
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