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If you're going to set up a monitoring dashboard, you'll have to have a handle on what RSS is and the potential it brings. In this video, Common Craft describes the ins and out of RSS.
Now that you have a better idea of what RSS is all about, you'll want to better understand how to pull your desired RSS feeds into Google Reader, our preferred news aggregator. Once again, here's Common Craft to demonstrate.
Matt Dickman tackles Delicious in this demonstration of the bookmarking service.