This is an announcement for the paper "Embeddings of discrete groups and the speed of random walks" by Assaf Naor and Yuval Peres. Abstract: For a finitely generated group G and a banach space X let \alpha^*_X(G) (respectively \alpha^#_X(G)) be the supremum over all \alpha\ge 0 such that there exists a Lipschitz mapping (respectively an equivariant mapping) f:G\to X and c>0 such that for all x,y\in G we have \|f(x)-f(y)\|\ge c\cdot d_G(x,y)^\alpha. In particular, the Hilbert compression exponent (respectively the equivariant Hilbert compression exponent) of G is \alpha^*(G)=\alpha^*_{L_2}(G) (respectively \alpha^#(G)= \alpha_{L_2}^#(G)). We show that if X has modulus of smoothness of power type p, then \alpha^#_X(G)\le \frac{1}{p\beta^*(G)}. Here \beta^*(G) is the largest \beta\ge 0 for which there exists a set of generators S of G and c>0 such that for all t\in \N we have \E\big[d_G(W_t,e)\big]\ge ct^\beta, where \{W_t\}_{t=0}^\infty is the canonical simple random walk on the Cayley graph of G determined by S, starting at the identity element. This result is sharp when X=L_p, generalizes a theorem of Guentner and Kaminker and answers a question posed by Tessera. We also show that if \alpha^*(G)\ge 1/2 then \alpha^*(G\bwr \Z)\ge \frac{2\alpha^*(G)}{2\alpha^*(G)+1}. This improves the previous bound due to Stalder and ValetteWe deduce that if we write \Z_{(1)}= \Z and \Z_{(k+1)}\coloneqq \Z_{(k)}\bwr \Z then \alpha^*(\Z_{(k)})=\frac{1}{2-2^{1-k}}, and use this result to answer a question posed by Tessera in on the relation between the Hilbert compression exponent and the isoperimetric profile of the balls in G. We also show that the cyclic lamplighter groups C_2\bwr C_n embed into L_1 with uniformly bounded distortion, answering a question posed by Lee, Naor and Peres. Finally, we use these results to show that edge Markov type need not imply Enflo type. Archive classification: math.MG math.FA math.GR Remarks: 23 pages The source file(s), , is(are) stored in gzipped form as with size . The corresponding postcript file has gzipped size . Submitted from: naor@cims.nyu.edu The paper may be downloaded from the archive by web browser from URL http://front.math.ucdavis.edu/0708.0853 or http://arXiv.org/abs/0708.0853 or by email in unzipped form by transmitting an empty message with subject line uget 0708.0853 or in gzipped form by using subject line get 0708.0853 to: math@arXiv.org.