Money changes everything

Michael Moore's provocative, polemical new documentary, "Capitalism: A Love Story," is a sermon on the theme that love of money is the root of all evil.

With a machine gun's worth of bullet points, Moore illustrates outrageous corporate practices (Citibank and American Express profiting from secret life insurance policies on their bottom-rung employees; a for-profit juvenile jail in Pennsylvania that bribed judges to keep its cells filled; sweetheart home-loan terms for politicos regulating the bank industry). The moral is spelled out by several Catholic clergymen: Capitalism is "a sin."

Following last week's sneak preview of his film at the Lagoon Cinema in Minneapolis, Moore said, "You can't regulate evil. You have to eliminate it." That's why he made the film: to rouse viewers to take political action.

"I'm getting older, and I want to see change in my lifetime. I don't do anything anymore because it's the cool thing to do or the righteous thing to do. I want actual action and change to occur."

If it seems unlikely that the United States would change its capitalist stripes, it's no crazier than Nelson Mandela getting out of prison in South Africa, let alone becoming that nation's president, he said, or the United States electing a black president.

"If I could wave a magic wand, if I could change one thing in Washington, D.C., it would be to remove money from our electoral process," Moore said. It rankles him that standing up for his convictions, controversial though they may be, inspires his adversaries to brand him "un-American."

"That hurts when I so clearly love this country and do what I think are the true patriotic things one should do: standing up for what I believe in and trying to make things better for my fellow citizens. They want to convince the average American that I want to take them down some path of godless communism. I'm the opposite of godless. I still go to mass.

Twitter About to Get Mo’ Money

Twitter, the messaging web site that has become an Internet sensation, is nearing a deal to close as much as $100 million of new funding from as many as seven investors, according to people familiar with the deal.

The investor group includes mutual fund giant T. Rowe Price and private-equity firm Insight Venture Partners, which are new investors to Twitter. The $100 million investment is about twice as much as Twitter was reportedly expected to haul in this latest round of fund-raising.

Other investors in this round include venture-capital firms Spark Capital and Institutional Venture Partners, which have previously invested in Twitter.

Of course, the valuation is what everyone is interested in and it looks like the $1 billion mark is the one that has stuck for now. All of this activity once again will stir the “How will Twitter make money?” pot but that probably needs to be answered sooner than later, don’t ya think?

They must have something planned because one would hope that the days of investing in a great idea without any real revenue potential are long gone. I guess stranger things have happened but there must be something that is compelling enough to generate that kind of investment.

So go ahead, Pilgrims, give us your Twitter will or will not make money scenarios. What can they do to merit the $1 b valuation? In five years will Twitter be a rockstar or a footnote in the evolving Internet industry?

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