I came across this post by Al on Tumblr - my idea of TV - not long back and was the first person to reblog it there. Yes!
It is an honest, relatable, inspiring post. And I said so in a comment.
To those of you who might not know - I do have a global audience - Al Wenger is a top notch VC in New York City.
I promptly created a Scala page. This is still early. I first blogged about Scala back in May, and Google still shows only a handful of websites dedicated to Scala. Wow.
I could hardly call Al a friend, we have met in person but once. And I am strict about using the family metaphor. Some weirdos in Kentucky spoiled it for me.
Al to me is a VC and a blogger, and that is good enough for me.
One small but not unimportant fact I learned about Al during my one meeting with him is that he is Mayor of some horse place upstate.
Scala - Wikipedia: Scala stands for "scalable language", signifying that it is designed to grow with the demands of its users..... Scala code can call Java libraries (or .NET libraries in the .NET implementation). ..... Scala's operational characteristics are the same as Java's. .... Scala is a pure object-oriented language in the sense that every value is an object. .... In April 2009 Twitter announced they had switched large portions of their backend from Ruby to Scala and intended to convert the rest. In addition Foursquare uses Scala and Lift
CNet: Facebook granted geolocation patent: Among the concepts it claims are the sending and receiving of location-based status messages (what are commonly known as "check-ins"), the technology to store these check-ins, the ability to sense a street address to store in a check-in, and the receiving of a friend's check-in.
What just happened? Is this troubling? Some experts are going to have to weigh in on this one. What's going on? Facebook was rather late to the location game and now it has the patent on the whole thing? How does that work?
I am opposed to the idea of anyone getting a patent on the inbox. I mean, I am opposed to the idea of even FourSquare getting a patent on the check in. What the.
What just happened?
The weirdest part of this story is going to be that (literally) the Einsteins at the patent office had never heard of FourSquare and had never checked in anywhere themselves. I will bet you roadside falafel that is the case.
When I read this headline I thought someone came up with an app that will help people lose weight, because if America could somehow go to its 1980 obesity levels - which was bad enough - America would save $1 trillion in health care costs. But no, these tech CEOs have something else on mind.
This headline also made me think that although Obama 08 did a great job of grassroots campaigning, it pretty much wrote the book on it, we are not there yet when it comes to grassroots governing where everybody is involved. Just like Dean 2004 was not there yet when it came to grassroots campaigning, Obama 08 is not there yet when it comes to grassroots governing.
CNet: Tech CEOs find $1 trillion in government savings: Secondly, the organization contends that the U.S. government should "streamline" its supply chain and make goods-and-service procurement more standardized.
Talk about business sense.
CNet: Tech CEOs find $1 trillion in government savings: $200 billion could be saved over the next 10 years by analyzing payments being disbursed through Medicare, federal grants, and tax refunds. ..... the government should rely on "electronic self-service" to save $50 billion; sell or auction off many of the "14,000 excess, and 55,000 underutilized buildings in the federal inventory" for a $150 billion savings; cut down on energy use to save $20 billion; and migrate to more shared services for another $50 billion in savings.
The best part of these suggestions might not be that they are totally doable, and they will save a ton of money, but that in implementing them the US federal government will become more transparent, more agile, in short a better government. I say let's go do it.
It started with music. Movies and books will not be spared, are not being spared. It is a mindfood thing. The Internet is like this vast farm custom made for the production and consumption of mindfood in its various forms.
The first instinct of the industries has been to fight the technology. It is not true that people seem to have this unbeatable thirst to steal that which comes out during the night that is the internet. People like the convenience of the digital format. In digital formats these products - books, movies, music - take no space. Your device does not count, it is not music, it is not a book, it is no movie.
Just like the pharmaceutical industry does not have the same static price globally - it charges less in the poor countries and even gives it out for free in some - the textbook industry has to be the same way.
Maybe the price of that eBook is not $9.99. Maybe the price of that song is not 99 cents. Those prices have to go down. And they have to go even further down in the Global South.
And then the industry has to make peace with the fact that there will be some leakage. Like Bill Gates said a long time ago about China, "We want them to pay for our software, but if they are going to steal it anyway, we want them to steal our software." That has to be the spirit. Have you even been to a supermarket where some guy/gal is standing outside an eatery giving away free samples? It might be just one bite, but it is good business. I get the impression even free is a business model. When you are not raking in the cash, you are giving stuff away for free and you are building your brand.
Even when people don't give you cash, they give you mindshare. The whole advertising industry revolves around that mindshare. Don't complain when you get it.
Image via WikipediaI have not followed the Fed's corner of the house as closely as the president's corner, but I get the impression the Fed put a trillion into real estate already and is about to put another trillion into it. This sounds like madness.
The wise guys on Wall Street cooked up nefarious schemes that inflated real estate prices, created a bubble, brought the economy down, and now the Fed is supposed to keep those artificially inflated prices propped up?
Why? Because a broken political system will not allow the president to instead pump a trillion into the 2010 version of the New Deal, but it will allow the unelected Fed chair to play around with a trillion dollars?
Many have speculated this is the Roman empire collapsing. Those who the gods seek to destroy, they first make them mad.
I am for a second stimulus bill of perhaps a trillion poured into drastic job creation.
And all the work of creating the global institutions for the next phase of globalization is yet to be done. There can be no real recovery without that.
Those who say this is like the Great Depression are right. Where they get it wrong is when they don't face the fact that now the entire world is a stage. It is one world. The reason people acted surprised when the bottom fell out was because they had their US goggles on. Put on world goggles. Then you can see.
Can a democracy make its people lose weight? That is the challenge. Instead the democracy continues to gorge on French fries and tea parties. Some hard choices are going to have to be made.
BusinessWeek
Germany At 20: Special Report Germany's Growth: New Rules, Old Companies: As most developed nations stumble in the race against emerging nations, here's how Germany has succeeded in keeping skilled labor working in good jobs....($3.23 trillion) gross domestic product .... , labor market measures begun in 2003 under Chancellor Gerhard Schröder made it easier to hire and fire workers, and Germany's Mittelstand have proved nimble competitors ...... German labor unions gave up wage increases in return for job security. ..... The Mittelstand companies, which typically employ fewer than 500 workers, comprise more than 70 percent of German workers and contribute roughly half of the country's GDP. The Mittelstand also embodies the German approach to business practice—paternalistic, consensual, conservative, and arguably more effective over the long haul than what Germans sometimes dismiss as American-style cowboy capitalism...... Mittelstand companies have emerged as successful models in an era of globalization—agile creatures darting between the legs of the multinational monsters..... Rather than firing workers, companies reduced hours, saving almost half a million jobs. ..... a system of worktime accounts that enabled employees to work fewer hours without a reduction in pay, in exchange for promising to work more hours without a salary increase when business picks up..... By May of this year, unemployment in Germany was at 7 percent, a 17-year low..... they prefer bank loans to selling bonds or issuing stock ..... it was wage restraint over the last 10 years that's responsible for Germany's success
Goldman Sachs Says U.S. Economy May Be ‘Fairly Bad’: “A fairly bad one in which the economy grows at a 1 1/2 percent to 2 percent rate through the middle of next year and the unemployment rate rises moderately to 10 percent, and a very bad one in which the economy returns to an outright recession.” ...... The Fed bought $1.7 trillion worth of Treasury and mortgage debt in a program that ended in March. The purchases helped push mortgage rates to historic lows. ... Bernanke said Oct. 4 that restarting large- scale asset purchases would probably spur growth
China Hardens Opposition Over Yuan Gains, Tells EU to Back Off: “Europe shouldn’t join the choir” ..... If we increase the yuan by 20-40 percent as some people are calling for, many of our factories will shut down and society will be in turmoil.” ..... Brazilian Finance Minister Guido Mantega warned of a global “currency war.”
India Can Help Obama Reach Export Goal: The last time U.S. exports doubled in five years was 1981-1986, when Ronald Reagan was President—and Japan, not China, was the economy Americans feared most. ..... China, India, Brazil, Canada, and Mexico. ..... the Indian economy is the world's fourth-wealthiest—based on purchasing power parity—after the U.S., Japan, and China. ....... the country will keep growing at close to 10 percent in the next decade ..... "Do you have a favorable or unfavorable view of the U.S.?" Some 76 percent of Indian citizens responded affirmatively. ..... Americans are better-liked in India than almost anywhere else in the world ........ Today the U.S. is the world's breadbasket. In India you will find Washington State apples as well as California almonds and pistachios ..... India now hopes for a trillion-dollar upgrade of roads, bridges, power plants, harbors and more. .... Carter was the last President to travel to India within two years of taking office
Volcker Says Nations May Face Prolonged Unemployment: the U.S. and other developed nations face the prospect of protracted joblessness. ..... “This has not been an ordinary recession,” Volcker, 83, said today in a speech in Toronto. It’s “very difficult to find a sector in the American economy that has any spark to it” ..... the Chinese are stuck with dollars and we’re stuck with indebtedness.”
