Last day of the year, and pulling out those excerpts that have been gathering dust in the draft box. Stay tuned for the New Medici network to go live in Q1 2010, as well as a  breakdown of media companies for last year and going forward into the new year.

via How to Keep Your New Year’s Resolutions - WSJ.com

It is no secret that the odds against keeping a New Year’s resolution are steep. Only about 19% of people who make them actually stick to their vows for two years, according to research led by John Norcross, a psychology professor at the University of Scranton in Pennsylvania.

But those discouraging statistics mask an important truth: The simple act of making a New Year’s resolution sharply improves your chances of accomplishing a positive change—by a factor of 10. Among those people who make resolutions in a typical year, 46% keep them for at least six months. That compares with only 4% of a comparable group of people who wanted to make specific changes and thought about doing so, but stopped short of making an actual resolution, says a 2002 study of 282 people, led by Dr. Norcross and published in the Journal of Clinical Psychology.

via How Google Can Combat Content Farms

• Neutralize the link dilution; A.J. Kohn, who further wrote that “the introduction of SearchWiki, their measurement of short-clicks versus long-clicks, the new domain/brand SERP listing, snippet links, and use of breadcrumbs all point to a gathering movement to help determine quality without such a reliance on an ever diluted link ecosystem.”
• Do a better job ranking authority; for more on this read Clay Shirky’s post on “Algorithmic Authority.”
• Introduce a user rating system; Tony Masinelli.
• Leverage sharing networks to determine where the quality is; Alex Kessinger.  
  

If Sherman McCoy (think Tom Hanks in the disastrous feature) was a “Master of the Universe” - who would that “Master” be in the blog world? Would it be a Nick Denton, Arianna Huffington, Michael Arrington, Om Malik, Henry Blodget or another? While The Bonfire of the Vanities was a bestseller for its generation, a “Blogfire” could be interpreted as the next generation - or “New Medici” - of innovative publishers who challenge mainstream media newspapers, magazines, tabloids and even television market share.