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Thursday, August 05, 2010

Google Does Not Need Social Envy

Image representing Slide as depicted in CrunchBaseImage via CrunchBase
Microsoft could not have become Google. We should not be surprised Google has not been able to become Facebook. Facebook is not Twitter. Twitter is not FourSquare.

I have been arguing at this blog that it just is not in Google's DNA to do social. Being very good at information necessarily clashes with you becoming very good at social. There is a clash.

But social is big and getting bigger. What is Google to do?

I think Google should focus on the information and search aspects of social.

I'd love to have a ridiculously good blog search engine. And I'd love to have ridiculously good Twitter search results.

And Facebook is not doing Android, Google is. That is big one.

The Chrome OS is a really big one.

It is not possible for one company to come up with everything. That is unrealistic. That is not possible. Google is still doing cutting edge work. But it is not doing all cutting edge work. That is reality.



Om Malik: Slide, Vic Gundotra, The Un-Social Reality of Google
The world’s largest search engine covets a key to the magical kingdom called the social web. It would do anything to become part of that exclusive club that, for now, is the domain of Mark Zuckerberg’s Facebook and to some extent, Twitter..... Having failed to hire a head of social, Google decided to put its man for all seasons, Vic Gundotra, in charge of social. .... Social is more than just features ..... what it can’t do is internalize empathy. It doesn’t know feelings. It doesn’t comprehend that relationships are more than a mere algorithm .... the social web is moving toward a future where serendipity replaces search.....Buying Slide, investing in Zynga or launching Google Me are great ideas in theory, just as is the idea of me playing baseball!
Erich Schmidt: ReadWriteWeb: Google CEO Schmidt: "People Aren't Ready for the Technology Revolution"
"There was 5 exabytes of information created between the dawn of civilization through 2003," Schmidt said, "but that much information is now created every 2 days, and the pace is increasing...People aren't ready for the technology revolution that's going to happen to them." .... user generated content .... "If I look at enough of your messaging and your location, and use Artificial Intelligence," Schmidt said, "we can predict where you are going to go." ...... "Show us 14 photos of yourself and we can identify who you are. You think you don't have 14 photos of yourself on the internet? ..... diseases and other crises will become predictable as well ..... "In our lifetimes," Schmidt says, "we'll go from a small number of people having access to information, to 5 billion people having all the world's knowledge in their native language."
Eric Schmidt on What the Web Will Look Like in 5 Years
Schmidt envisions a radically changed internet five years from now: dominated by Chinese-language and social media content, delivered over super-fast bandwidth in real time. Figuring out how to rank real-time social content is "the great challenge of the age" .....Today's teenagers are the model of how the web will work in five years - they jump from app to app to app seamlessly. ....... Within five years there will be broadband well above 100MB in performance - and distribution distinctions between TV, radio and the web will go away. ..... "We can index real-time info now - but how do we rank it?" ..... Not discussed were distributed social networking, structured data, recommendations, presence data and other factors that could complicate Google's plans.
Is Spamming Twitter Good Google SEO?
tweeting the same link over and over can boost a page's rank ..... Too many tweets over a certain period of time will be noticed by Google's algorithm. Tweets are just one of many "signals" Google uses to determine rank and cannot be as easily gamed
Google Says It "Overestimated" Complete Block of Web Search in China [UPDATED]
Google had been automatically redirecting google.cn to google.hk, its uncensored site in Hong Kong, but stopped that practice earlier this month and simply included a link to google.hk on the google.cn site in order to pacify Chinese lawmakers.
Android Phones Go to War
a social-networking type of display where soldiers interact as "buddies" and track each others' movements on the battlefield. ..... soldiers would carry smartphones with them into battle ..... Military satellites can focus in on minute features you can't see when using consumer-grade technology like Google Earth, so the software installed on RATS could potentially zero in on facial features or be used to read license plates..... the Indian military is another potential customer for this Android-based technology
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Whatever Happened To Google Wave?

Image representing Eric Schmidt as depicted in...Image by Eric Schmidt / Google via CrunchBase
CNet: Eric Schmidt On The Demise Of Google Wave
"Our policy is we try things," the Google CEO said, hours after the company announced it was halting development of the complex real-time communication tool. "We celebrate our failures. This is a company where it is absolutely OK to try something that is very hard, have it not be successful, take the learning and apply it to something new." ..... "As a culture we don't over-promote products...we tend to sort of release them and then see what happens." .... a panel in which he said that society is not ready for all the changes technology is foisting upon it..... a range of issues ranging from Android and Chrome OS to China to competition with Microsoft to a rumored deal with Verizon on Net neutrality.
My personal excitement over Google Wave ended on a personally unpleasant note. But that might have saved me some time.

Google Wave For The Masses
I Now Have Google Wave
Anil Dash On Google Wave
Bill Gates, Chrome OS, Natal, Wave
Blog Carnival: Google Wave
Google Wave API Google Group: Got To Undo The Ban On Me
Google Wave Protest
Google Wave API Google Group: Stalinist Mindset
The Google Wave Developer Community Will Be Vibrant
Five Blind Men And Google Wave
A Little Trouble At The Google Wave API Google Group
Lessons From The Open Source Community For The Wave Community
Google Wave Developer Community: Asking For A Culture?
Google Wave: Organizations Will Go Topsy Turvy
Google Wave: Enormous Buzz
Possible Google Wave Applications And Innovations
Google Wave Architecture: Designed For Mass, Massive, Global Innovation
The Google Wave Architecture
Google Wave Ripples
Is Google Wave Social Enough To Challenge Facebook, Twitter?
Of Waves And Tsunamis
Google Wave: Wave Of The Future?
Google Wave: If Email Were Invented Today
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Tuesday, August 03, 2010

Amazon's Amazing Cloud

Larry Elllison on stage.Image via Wikipedia
GigaOm: How Big is Amazon’s Cloud Computing Business? Find Out in 2010, AWS will generated about $500 million in revenues and will grow this to $750 million by 2011. By 2014, it would bring in close to $2.54 billion in revenues. ..... the total market for AWS type services .. will eventually grow to $15-to-$20 billion in 2014 ...... the total global cloud market in 2010 will be $22 billion and $55 billion in 2014..... Amazon was smart to bet early and bet big on the cloud computing opportunity

Larry Ellison on the Charlie Rose show in the late 1990s in an aside derided Amazon as being in the business of "selling books." But Amazon through its amazing cloud service has gone on to revolutionize computing in ways Jeff Bezos never imagined when he started out. He started out wanting to sell books. Amazon built its infrastructures for its own use, but upon building realized it had too much excess capacity. What to do? Necessity is the mother of invention, like the cliche goes.

There are so many big, wonderful dot coms in existence today that owe their existence to Amazon. Jeff Bezos took the electricity out of the equation. You don't need to have your own personal generator. You simply plug in.

Software as utility, hardware as utility: these were once revolutionary concepts.

We need some major revolutions in the ISP business so all humanity can come online. That is very important to the future of computing.

You Can Create An Android App Too, Anyone Can
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Post Wintel

MUNICH, GERMANY - OCTOBER 07:  Chief Executive...Image by Getty Images via @daylife
The Economist: The End Of Wintel THEY were the Macbeths of information technology (IT): a wicked couple who seized power and abused it in bloody and avaricious ways. ...... the two firms’ supposed love of monopoly profits and dead rivals. ..... increasingly seen as yesterday’s tyrants. Rumours persist that a coup is brewing to oust Steve Ballmer ..... “Intel Architecture”, the set of rules governing how software interacts with the processor it runs on. ..... the Wintel marriage is crumbling. ...... The Wintel marriage is now threatened, oddly enough, by technological progress. Processors grow ever smaller and more powerful; internet and wireless connections keep speeding up. This has created both centripetal and centrifugal forces, which are pushing computing into data centres (huge warehouses full of servers) and onto mobile devices— ...... The shift to mobile computing and data centres (also known as “cloud computing”) has speeded up the “verticalisation” of the IT industry. ...... now firms are becoming more vertically integrated. ...... Apple .. is building a huge data centre ....... Having lost its battle with the European Commission, for instance, Microsoft must now give Windows users in the European Union a choice of which web browser to install. ...... Microsoft has made big bets on cloud computing. It has already built a global network of data centres and developed an operating system in the cloud called Azure. The firm has put many of its own applications online, even Office, albeit with few features. What is more, Microsoft has made peace with the antitrust authorities and even largely embraced open standards. ....... Microsoft’s mobile business is in disarray. ...... in tablet computers, Microsoft is behind, too ..... Paul Otellini .. is pinning his hopes on a new family of processors called Atom. Rather than making these chips ever more powerful, Intel is making them ever cheaper and less power-hungry ....... ARM’s chips guzzle little power and cost much less than Intel’s, because its licensing fees are low and most customers use foundries (contract chipmakers) to make them. .... Intel’s position seems safe as long as Moore’s Law holds ..... Microsoft has yet to deliver a competitive version of Windows for smart-phones and tablets ..... Meego, an open-source operating system for mobile devices. Microsoft, by cuddling up to ARM, will be able to build chips of its own. ..... Oracle, Cisco and IBM will vie for corporate customers; Apple and Google will scramble for individuals (see table). IT, like the world, is becoming multipolar.

Like Bill Gates once said, success is a lousy teacher. But that does not explain it fully, or even a big part of it. This is about the tectonic forces in innovation, in technology. This is ultimately about hurricane size clouds.

The big company of one era does not end up also being the big company of another era. That is the nature of the beast.

Wintel was a PC era marriage. And the PC era has been ending for a while now. You end up facing a classic problem. How do you lose your love for the big revenue sources and go for the little innovative products that might (or might not) become big tomorrow, but if they become big, they will become big by eating into your current big products? No wonder it is almost always some outsider doing that munching and crunching.

As IT fans out into ever larger data centers and ever more powerful mobile devices, we have entered the era of welcome fragmentation. The PC used to be the center of the computing universe. The PC will still be around, but it will be just one creature in the vast tech ecosystem. It will be just one galaxy in the tech universe.

Like is supposed to happen in functional capitalism: the consumer wins.

The Economist
  1. World economy: The rising power of the Chinese worker
  2. Bullfighting in Catalonia: The land of the ban
  3. Turkey and its rebel Kurds: An endless war
  4. Wealth, poverty and compassion: The rich are different from you and me
  5. Climate change: Warming world
  6. Lexington: Arizona, rogue state
  7. Afghanistan: Don't go back
  8. China and the death penalty: High executioners
  9. Unemployment benefits: Read this shirt
  10. America, Afghanistan and Pakistan: Kayani's gambit
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Social, Gaming, Email

Nielsen Wire: What Americans Do Online: Social Media And Games Dominate Activity Americans spend nearly a quarter of their time online on social networking sites and blogs, up from 15.8 percent just a year ago (43 percent increase) ... Americans spend a third their online time (36 percent) communicating and networking across social networks, blogs, personal email and instant messaging. ..... “Despite the almost unlimited nature of what you can do on the web, 40 percent of U.S. online time is spent on just three activities – social networking, playing games and emailing .... Online games overtook personal email to become the second most heavily used activity behind social networks
I like how blogs have been included in the top category of social. I am not surprised. That speaks to my experience. I have said time and again at this blog that Blogger continues to be my social media platform of choice.

The big news is search is no longer king. That begs the question, will social as we know it still be king in 2015? I doubt that. These titles are not known to last. There is always another hit movie. Social will stay big, but at some point it is going to recede into the background like search. Search used to be king. Who is the next king? You have to ask. (This Is Not Happening: King Dennis)

Or maybe search was never king, it was email. Email is social. If the next king will also be in the social space, that has to confirm our suspicions that the internet is primarily a communication tool. The internet is one big telephone. The internet is one big telephone more than one big library. But the trick is to be able to blur that line and claim it is one big telephone.

November 2005: Email, Search, News

Google keeps trying and keeps failing at social. Social is not in Google's DNA. But info is. Where Google could really shine is at social search. Give me a ridiculously good blog search engine. Give me ridiculously good Twitter search results. Google could do well in social, if it brought search to the table. Google's challenge is to blur the line between the telephone and the library and make claim the internet is one big library. That is tough to do.


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Saturday, July 31, 2010

YouTube: 15 Minutes Are Much Better

YouTubeImage via Wikipedia
Five minutes were too short. My video sharing platform of choice was Google Video where I have uploaded tons of hour long videos. Then Google went ahead and bought YouTube and basically shut down Google Video. I don't think I have uploaded any new videos online since then.

But now I might take a second look. Five minutes felt like just enough time for teaser videos. 15 minutes are much better. 15 minutes might actually be better than 60 minutes.

Video-sharing website YouTube increases video upload limit to 15 minutes
YouTube now supports 15 minutes of fame San Francisco Chronicle
YouTube Gives Users 15 Minutes of Upload Time Tehran Times
YouTube wants your 15 minutes of fame CNN
YouTube Gives Users Their 15 Minutes of Fame New York Times (blog) As of Thursday, you can subject your friends and family to 50 percent more of your baby making that cute cooing noise or your dog doing that funny dance..... is increasing the limit to 15 minutes — the improvement requested most often by YouTube users ..... in June, a federal judge threw out Viacom’s $1 billion copyright infringement suit against YouTube, ruling that the site was not responsible for the behavior of its users.
YouTube bumps video limit to 15 minutes CNET (blog)

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Friday, July 30, 2010

Digital Dumbo 18: The Dumbo Loft

Image of Reshma Saujani from Facebook

I was at Digital Dumbo last night. It is a go to event. Yesterday was special. They had a job fair. There was a large crowd. Beer was free. Water you had to get from the vending machine for 50 cents, which I did.

I so love this venue. I wish they had the event the same place every month. The Dumbo Loft is a great space.

I was wearing a Reshma 2010 shirt (Phone Calls, Dress Code) - Reshma For Congress - and that attracted a few political types, including a Clinton 92 veteran who now lives on the Upper East Side. He had not heard of her yet.

"How many people are running?" he asked.

"Two. Her and Maloney."

"Then you are winning," he said.

You just started a small fire on the Upper East Side, he added. I guess he is now a strong supporter. Maloney declared she was going to run for the US Senate, he said. That's right when she loses this race. She said she was too good to keep representing the people in this district.

Nobody I met had heard of Reshma before.

But I also talked plenty of tech, and blogging, and jobs. Made some new contacts.

"Great event," I said to Kaitlin, (@kaitvillanova) the key organizer. I believe Andrew Zarick is currently in Spain. The first time I was at the Dumbo Loft, I was like, this is such a healthy male female ration for a tech event. This time too there were a lot of women there. I guess Kaitlin might be responsible.

If you can go to only two tech events each month, those would be the NY Tech MeetUp and Digital Dumbo.

I also have to give a shoutout to DigitalFlashNYC. NY Tech MeetUp is 10 bucks, Digital Dumbo is free with free beer on top of that. DigitalFlashNYC is also paid. Sara and Laura run DigitalFlashNYC, got to meet them again last night. I went to their Popular Science event a while back and it was just great. The talk was great. I met some great people including one potential business partner I had been trying to track other ways, and he just showed up there on his own. I met another dude who seriously considered investing in a venture of mine. You pay for a DigitalFlashNYC event but the drinks are free.

How Many Bottles of Beer Does it Take to Host An Event
Social media firms looking to hire
Crain's New York: Social media-focused ad firms look to hire
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Thursday, July 29, 2010

Disney's Playdom Purchase

The current logo of Disney Channel.Image via Wikipedia
Disney just expanded in the entertainment space: it went ahead and bought Zynga competitor Playdom. This for some reason reminds me of Yahoo's attempt to buy FourSquare months back, although the parallels end fast. Yahoo is a scatterbrained company, it occupies all sorts of spaces. Disney is more focused on entertainment. And Yahoo did not go ahead and buy a FourSquare competitor instead. I think it was for a lack of a capacity to digest.

An Offer To FourSquare

This purchase is of interest to me because I just blogged about Zynga a few days back: Zynga: The Google Of Games?

I have a feeling Mark Pincus' profile at the New York Times a few days back where he says in no uncertain terms that social gaming is a big, new, fundamental space online might have hastened efforts on Disney's part to make this move.

Is this like Google buying Android? Or is this more like one of those Barry Diller purchases? Time will tell. This might be somewhere in between.





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Tuesday, July 27, 2010

Zoho

Image representing Zoho as depicted in CrunchBaseImage via CrunchBase


Zoho is an upstart, but it is an upstart with major advantages. How about a laser focus and a great slew of products? And I admire their decision to not sell out to Salesforce.com.

What is holding it back is its not wanting to take venture capital money, and have no obvious ambitions to go IPO at some point. Those are mistakes. You can stay small and private and cozy and beautiful, or you can go big. I think Zoho should aim to go big. Zoho has to have IPO ambitions.

Microsoft is a giant but its major revenue sources are so foreign to what Zoho does that you could argue Microsoft is almost in a different industry altogether. Google is more in the cloud, but search is that company's strength and weakness. It is a good thing Zoho products integrate seamlessly with Google office apps. That way you get the advantages of Google being big and Zoho being nimble and superior.

Zoho's competition is not with Microsoft or even Google, but itself. It has to have IPO ambitions. That lack of ambition was not something given to it by either Google or Microsoft but itself.

Wall Street Journal: Blogs: Digits: QandA: Upstart Takes on Google, Microsoft in the Cloud
Competing against industry giants can be a brutal ordeal. Just ask RC Cola, which took on Coke and Pepsi. ..... For Zoho, a small company that competes with Google and Microsoft in the market for Web-based software, the strategy for surviving alongside huge rivals has been to target gaps in their products. Zoho now offers nearly 30 free and fee-based tools in the cloud: from wikis, word processing and spreadsheets to customer-relationship management, invoicing, and project management. ..... Zoho’s 3 million registered users ..... A small percentage pay subscription fees, enabling Zoho to quietly build a profitable niche, without PR or advertising. ...... founded in 1996 ..... headquarters in Chennai, India, and Pleasanton, Calif., now has 1,100 employees, nearly 1,000 of whom work in India...... has long refused to take venture capital funding and has rejected numerous acquisition offers. ...... founder and CEO, Sridhar Vembu ..... Google’s product suite is limited to Mail & Office suite, while Zoho has a much broader product suite targeted at small and mid-sized businesses. We integrate well with everyone, including with Google Apps. ....... Microsoft has formidable technology resources, but faces the economic challenge of transitioning their business model to the cloud ....... earn the trust of consumers through actual daily execution, not just talk ..... why we focus on small and mid-sized companies first, because they tend to have fewer inhibitions about trying something new. ....... we have stated a preference to be independent and private, so that we can keep our vibrant engineering and customer-support focused culture. We tend not to spend a lot of money in sales and marketing. This allows us to invest in engineering, and come up with interesting new products. ....... Google’s philosophy is to offer a minimalist interface, while Zoho provides a much richer suite in terms of depth of functionality, breadth of applications and richness of the interface. We believe business users want and need a lot more than what Google offers. At the same time, recognizing the immense reach Google has, Zoho has chosen to partner with them, so that customers can mix and match Google Apps with various apps from Zoho. ..... Over the next three years, you will see cloud offerings really mature in terms of features and functions, and become feature rich, overtaking desktop offerings in many areas. As feature parity is reached, market adoption will explode. Just as mobile phones overtook wired phones in terms of features, functions and of course usage over the past 10 years, cloud software will overtake installed software over the next 10. The reason in both cases is the sheer speed of technology evolution. .....Financial investors necessarily need exit or liquidity, while our focus is to stay in business for the long haul. We prefer to sacrifice near-term growth in favor of keeping our company healthy and vibrant for the long term, which is not something an exit-focused investor would like to see.

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News: July 27

Zoho's Raju VegesnaImage by Thomas Hawk via Flickr
Digits

Q&A: WikiLeaks and the Future of Whistleblowing
Smartphone Help for Typhoon Alerts
Going for Cheap: India's $35 Computer
Hong Kong Goes 'Crazy' as iPad Launches
AT&T on Its Network, iPad Usage and the End of Unlimited Data
Baidu Advances on China Mobile Search
Digits Live Show: Welcome to the Age of WikiLeaks
Q&A: Upstart Takes on Google, Microsoft in the Cloud
App Watch: A Photo Tour of Your Favorite Foods
New TV Tech Could Be Boon for Venture-Backed Chip Companies
If You Tweet, Japan Will Come
Tech Tweets of the Week: Facebook, Flipboard and Phones
Ten Things We Learned From Tech Earnings Season

Bits

What We’re Reading: Technology Obsession
Meet Google’s Space Commander
Ask.com Reverts to Its Q.& A. Origins
Citi Discovers Security Flaw in iPhone Application
Bringing Data Mining Into the Mainstream
What’s for Sale on the Bug Market?
Part I: Answers to Questions About Internet Privacy
What We’re Reading: Femme Fatales
Dell’s Trouble Kicking the Intel Habit
What’s Behind the White iPhone 4 Delays?
Microsoft Grabs Hold of ARM
Diane Sawyer Interviews Mark Zuckerberg
What We’re Reading: Flipboard
Apple’s Web Browser Allows Sites to Collect Personal Information

TechCrunch

Apple’s Magic Trackpad Signals The End Of The Mouse Era
Not Only Is Google Places Going After Yelp, They're Doing So With Yelp's Content
Apple's Innovative New... Battery Charger?
37signals Buys Campfire iPhone App Ember
Dude-Centric Video Network Break Media Moves Into 3D Programming
Stieg Larsson Is The First Author To Reach One Million Books Sold On The Amazon Kindle Store
Yahoo: comScore Underreported Our U.S. Page Views By 1 Billion Last June
Apple On The Defensive: Jailbreaking Your iPhone May Be legal But It’ll Still Void Your Warranty
Apple Outs A 27-inch, 16:9 Cinema Display
Voilà! Apple’s Magic Trackpad Appears. Multi-Touch On Any Mac For $69
LearnVest Launches Financial Bootcamp Programs To Keep Women Fiscally Fit
Yahoo Japan To Use Google Search (And Not Bing) In The Future
Seesmic Web Adds Desktop App-Like Abilities, Facebook And LinkedIn Support
Listiki Offers A Smart Way Of Gathering Opinion Through Crowdsourced Lists
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Monday, July 26, 2010

This Blog's Design Inspired By Google, Craig's List


A netizen is not some kind of a king, but an average person. I put much thought into the name of this blog. I am a citizen of the Internet, and I hope you are too.

I have used a mainstream platform - Google's Blogger - that anyone can use. I have used a domain name that does not smack of exclusivity. Blogger gives it to you for free.

I have tinkered with the blog's design a lot over the months and years to finally come up with what I have come up with. I have got rid of many elements to make the blog load fast for the readers. Speed is a fundamental element.

I like the blank, white background. When I sit down to compose a blog post that makes me feel like I am facing a blank canvass and I am about to paint something beautiful. I would not want the blog to look snazzy and inaccessible.

The colors are for the most part default. The only color I changed was for the post titles. The default was weird orange. I changed that to pitch black.

New York Times, Time magazine and this blog all use the same font: Georgia. That is no small detail.

The header is a good one. It introduces me to the world, to the reader. It makes the blog stand out, I hope. When you pick from the popular design templates, you are not offering something unique to you.

As for snazzy design, I have saved that for my BlogRoll.

I am fond of linking. You might have noticed that. But then I am also fond of sharing pictures and video clips. If you are only interested in what I have to say, usually you get to skip the other parts of the blog. They are almost organized like sections, often, the image at the top, the links at the bottom.

Redesigning My Blog
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The Art Of Reading Headlines


I have decided to make news posts a regular feature of this blog. I experimented with it months back. But I did not keep it up. I thought, maybe I should only link to articles I read. I no longer feel that way. Often times reading the headlines is enough. You don't need to read the full article. The idea should be that you read 30 headlines, about 15 article summaries, and five full length articles, and it would be like you had your morning coffee and you are good for the day. Not only are you well informed of the happenings that affect you and are of  interest to you, but you also have some idea of what's going on in the tech sector at large, in the world at large.
Perhaps this should be a daily feature at this blog. I am not much of a morning person. And so maybe this ought to be a lunch time feature. You show up during lunch break to read up on the headlines for the day and to read a few articles from the top sources. That would beat having to visit all those various sources individually.

And I really like doing them. I am a big picture person. Before I can really enjoy the top three stories for the day, I need to know what is going on generally speaking. In preparing these news posts, I get to read summaries of many, many articles. I like that.

Along the way I also come up with ideas for new blog posts. Like today I came across an article in BusinessWeek that inspired me to write this post that I am proud of: The Economy: Uncharted Waters.

The innovation is that this simple feature allows me to act like a layer on top of many top news sources. A blogger is not just a writer, but also an editor. In my case I am a netizen. A netizen stays informed in the most efficient ways possible.
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The Economy: Uncharted Waters

Dorothea Lange's "Migrant Mother," a...Image via Wikipedia
The convulsion of the Great Recession has been the birth pang of a new kind of economy, a new kind of world. We had already been moving towards a post-industrial society, towards an information age for over a decade, but our pace had been too slow, not global enough, not as drastic as it ought to be. We are still unsure as to which directions to go. There is open talk of a double dip recession. The jobs are not here yet. It is still scary times.

After the Great Depression, America very clearly became an industrial economy. It was no longer the agriculture economy of Abraham Lincoln's time. A huge economic shift had been made. But there was pain along the way.

It is one of the failings of democracy that you need a big, bad event to get people riled up to go do something big. FDR wanted to enter the war long before Pearl Harbor happened, but he waited, and waited and waited until Pearl Harbor happened.

Why do you need a 9/11 before you realize the cause of democracy needs to be furthered across the Arab world? Why do you need a Gulf Oil Spill before even the average person starts thinking in terms of a zero emissions future? Why are intellectual extrapolations not enough? Or perhaps Hollywood is not doing its job.

I supported the Obama stimulus plan, but my criticism was and is that it was not forward looking enough. Roads and bridges are important but those are rickety swings of the industrial age. The roads and bridges of the information age are to do with the internet.

The stimulus bill was not big enough. It should have been a trillion. And it was not future oriented enough. The stimulus needed to be about turning America into a country of 75% college graduates. You can't do that with the existing colleges and so you turn the entire country into one big college. Universal broadband. Free up the spectrum, not in 10 years, but now. (India Broadband Spectrum Bids)

It was lack of vision that brought down Wall Street more than anything. Pumping more and more money into real estate is not my idea of visionary investment. They were accumulating so much money and all that needed to go somewhere. And so they came up with ever nefarious ways to put more and more money into real estate.

Wall Street was not thinking in terms of the jobs of tomorrow, the companies of tomorrow, the industries of tomorrow. It was not thinking futuristic enough. It was not thinking global enough. If it had been thinking global, it would have sunk a few trillions into global microfinance and seen returns that were better than that of the S&P 500. It would have put the money into global infrastructure projects. There were clear alignments to be sought between self interest and global interests, but they were not sought.

BusinessWeek: Lucky for Obama, U.K.'s Cameron Is Embracing Austerity First
Plugging their economies into the life-support system of central bank liquidity and massive government stimulus packages was the easy part. The tough question is how long their governments should stand in for a private sector too nervous about the future to invest and hire. With the world economy threatening to slide into a double-dip recession, both the U.S. and the U.K. are nevertheless talking about fiscal austerity. The only good news for Obama is that Cameron is going first. ..... spending cuts of as much as 40 percent ..... the U.K. doesn't want to be the next Greece. ...... bond vigilantes are driving U.K. economic policy. "Questions that were asked about the liquidity and solvency of banking systems are now being asked of the liquidity and solvency of some of the governments that stand behind those banks" ...... "The austerity debate is now not about whether fiscal tightening in advanced economies is necessary, but on when it should begin in earnest." ..... growth collapses if all of the members simultaneously abstain from spending. Too many governments curbing spending and raising taxes in parallel would snuff out the nascent recovery. ...... Consumer confidence has dipped ..... government aid can't be removed without risking a relapse. ..... With so many job cuts, Cameron could find himself coping with strike action on a scale not seen since Margaret Thatcher neutered the nation's private-sector unions. ...... The banking industry, meanwhile, is crying foul at the prospect of bonus caps and a top income-tax rate that will climb to 50 percent from 40 percent. Threats to leave for Switzerland may prove more than empty. ...... The path Cameron is charting is so arduous, and public opposition is likely to become so intense, that rating agency Standard & Poor's isn't convinced he can deliver ...... If he forges ahead, there is a real chance that Britain returns to a recession. Neither scenario is cheery—and neither is beyond imagining for the U.S.
I am for a second stimulus bill that will focus primarily on creating jobs. It was finally the massive spendings of World War II that ended the Great Depression. Bold action is necessary.

A second stimulus package would be big, it would focus on a radical freeing of the wireless spectrum with a goal of cheap, universal broadband, it would entail creating millions of new government funded jobs, likely in the education and health sectors that people can go for with short training periods.

A lot of smart people ran banks. But banks had to be bailed out. Then the stimulus happened. That was the government bailing out the government. A lot of money has gone to keep unemployment benefits rolling, to keep paying teachers and police officers and firefighters. We did not expect the private sector to take care of the bailout and the stimulus. Similarly in these times, it has to be the government that has to step in to create millions of new jobs. Just like the banks paid back, the people will too.

The deficit and the debt will have to be reigned, but now is not the time.
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