Here’s the latest action:

Google Checkout raises transaction fees — It seems like a weird time to do so, as merchants are already poorer from the recession. They seem to be leaving in droves. Hello, PayPal!

There’s a second-generation of Microsoft’s Surface table computing systems coming — The BBC has more.

Blogger Robert Scoble joins Rackspace — His thoughts, here.

IBM sinks into water management business — The Wall Street Journal has more.

Sequoia loses Michael Beckwith, only a year after he launched a public equities program — peHUB has some details.

Will Detroit’s problems kill the electric car (again)? — Former Tesla marketing head Darryl Siry has this to say: “What is becoming clear is that these two ecosystems are more linked that many realize, and that the pressures on the traditional automakers and suppliers threaten the viability of the startups as well. Ironically, if GM fails or causes their suppliers to fail, they may inadvertently kill the electric car again.”

Facebook announces third round of fbFund
— The seed-stage grant program is aiming to fund companies that use Facebook Connect, its new service for accessing Facebook user data on other sites. Details here.

IrishCentral: A social network for people of Irish descent — It’s launching in time for St. Patrick’s Day, with funding from Allen & Co. and angel investors.

Could marijuana legalization save the California economy? — More here.

Blellow: An online Twitter-like collaboration thing
— TechCrunch has a look; watch the video below.

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