Facebook CEO Mark Zuckerberg speaks during a news conference at Facebook headquarters July 6, 2011 in Palo Alto, California. (Justin Sullivan/GETTY IMAGES)

Let’s dive into the morning read:

1) Facebook gets video chat via Skype

The ‘awesome’ announcement arrived Wednesday, and the feeding frenzy ensues over whether Facebook’s introduction of video chat via Skype is a hit or a miss.

VentureBeat’s Matthew Lynley opines that the video calling feature could herald Facebook’s “next freemium bombshell,” while TechCrunch’s Tom Anderson writes that the jury is still out as to whether this new feature will be favored over Google+’s group chat feature,

What remains to be seen is which model will users prefer in the long run — Facebook “Groups” — which function more like an old-school Yahoo Group with a Forum built-in).

(Faster Forward)

2) How much time do we have to re-invent capitalism?

If capitalism were to undergo an overhaul, what would it look like? Jack Springman poses that question in a piece for the Harvard Business Review, arguing that fundamental reform could not take place, since it would fail to survive an economic upturn. His answer: Acknowledge the shrunken window available for change — a window that may be as small as 1,000 days — and operate within it:

The challenge therefore is twofold: firstly convincing the skeptical of the need for change; secondly moving from theoretical constructs to delivering the tools, approaches and frameworks that management teams can use in their businesses every day to make change a reality.

(Harvard Business Review)

3) New study shows children predict the future?

A new study from the international research consultancy Latitude illustrates (literally) how children are predicting the future of the Internet. Children who participated in the study were asked, “What would you like your computer or the Internet to do that it can’t do right now?” In response, the children drew pictures to illustrate their answers.

Among the responses were calls for greater interactivity (a computer that talks back to you) and computers that bridge the real/digital world divide (printers that print food) among other features. Some children introduced whole new platforms outright.

(Los Angeles Times, Latitude)

4) Governments, business and police: We’ve had it with the hacking

It appears the victims of an ongoing stream of black-hat hacking attempts (and some successes) are stepping it up when it comes to playing defense.

The International Cyber-Security protection alliance, or ICSPA, brings government, business and law enforcement together in their attempts to beat back hackers and protect users’ private data. According to Mobiledia’s Sandy Fitzgerald, ICSPA will focus on the majority of hackers’ back yards, zeroing in on Russia, the Ukraine and Brazil — countries from which a large portion of illegal hacking originates.


5) Japan’s lunar technology discovery

Japan is planning an unmanned mission to the moon to run a long-term experiment. Here’s the problem: It gets really, really cold and, alternately, really, really hot during the long lunar months. This makes long-term experiments on the moon difficult, since sensitive equipment tends to prefer more moderate temperatures.

Here’s the solution: A cone-shaped insulator that draws on the more moderate temperature of the moon’s regolith soil. The solution hasn’t been completely tested, but initial tests have yielded positive results.

(Innovation News Daily)

Washington Post Co. Chairman and chief executive Donald E. Graham is a member of Facebook’s board of directors.