1 2 3 4 5 Older >> Oldest >> Windows Mobile is an oft-forgotten prince of Smartphoneland, with millions of smartphone handsets carrying some versions of the OS, sometimes behind the scenes. But to counter the rising threat from the iPhone and Android, it looks like when version 6.5 is unveiled soon it'll be coming with a new bunch of cloud-based services.read more
Fastcompany Tue, 20 Jan 2009 05:19:26 -0500I had someone email me the following update on an old joke: Q: What is a banking regulator? A: Someone who rescues and rescues and rescues banks until there are no banks left. In the old version, stockbrokers had the place of banking regulators, and they merely "invested" your money away. Same difference, I suppose.
InfectiousGreed Tue, 20 Jan 2009 03:23:59 PSTSome musings from George Friedman of Stratfor today got me thinking about demographics and the future of the U.S. What people forget is that while the U.S. is aging, it is still a relatively young country in demographic terms. It is younger than almost all of Europe, as well as Japan, of course, but not (currently) China. That is a tremendous advantage, and one that is likely to tilt further in the U.S.'s favor, as the following figure shows. With the preceding in mind, the following is from a Bloomberg précis of Friedman's new book, The Next 100 Years: "The United States -- far from being on the verge of decline -- has actually just begun its ascent," Friedman writes in this geopolitical thriller. Already in 2009, Friedman says, the jihadists behind the shock of Sept. 11, 2001, are a receding threat, their goal of an Islamic empire straddling Europe and Asia shattered by divisions in the Muslim world. China will be the next challenger to go, torn apart by the inevitable economic slowdown and rekindled tensions between the coastal provinces and the countryside, Friedman predicts. Russia will hang on longer, rebuilding a Soviet bloc-lite by 2015, only to lose the second Cold War in much the same way it lost the first, and more quickly. Two facts will drive the century according to this forecast: America's dominance of the world's oceans and its comparatively low population density. Dismissing the Great Man school of history, Friedman pays little attention to the triumphs and blunders of political leaders. He instead argues that each country's grand strategy is "deeply embedded" in its DNA. There are some brilliant apercus to be found in these pages. The U.S. "tends to first underestimate and then overestimate enemies," we read. Russia is rearming because "rich and weak is a bad position for nations to be in." These are, of course, wild-ass guesses, and I'm cheerfully skeptical that it all works out so neatly in the U.S.'s favor. But there is no denying Friedman is an entertaining geopolitical analyst. And, from an entirely selfish perspective, he did manage to make me go check U.S./China UN demographic data on the two countries aging rates, which I have appended in the following graph. It compares the proportions of the two countries' populations age 65 and older in 2010, and in 2050. The pace at which China will go from a young society to an elderly one is remarkable.
InfectiousGreed Tue, 20 Jan 2009 03:11:10 PSTBLOG Letting Go
Photo
by Kevin at the Bastish
blog.
For
the past 40 years, I've led something of a double life. On the surface,
I've lived and worked mostly within the system, adhering to social
norms of behaviour, holding down respectable jobs, working my way up,
buying more as I earned more, living in an extraordinary
(but orthod... house in a lovely and progressive (but
conformist) community.
But beneath the surface, I've always been a questioner, a
radical (in the true sense of the word). Those among whom I live and
work find my blog troubling, unexpected, too complex and difficult, so
mostly I don't talk with them about these ideas. As I dig deeper into
how the world works, and imagine better possibilities, I've become more
radical and pessimistic, and disengaged from these busy, unquestioning
people. I've connected instead with those Too
Far Ahead, those Living
on the Edge. Those like you,
dear reader.
I am mostly disconnected as well from the things that bind most people
to the status
quo, to the Centre: I don't
watch television or movies or read mainstream newspapers, and am
appalled when I occasionally hear or see the ghastly propaganda,
ignorance and desensitized, decontextualized tripe that passes for
information and entertainment in these media. I find the arguments and
mores of all
the mainstream
political parties, churches, economic thinkers, social thinkers,
business and educational theorists, and even 'leading' artists and
scientists, to be preposterous, offensively simplistic and dangerous. I
no longer pay them any attention. When I am in the presence of those
indulging these stale and untenable ideas, and those who espouse them,
I get impatient, and go elsewhere.
These are big disconnects between who I appear to be and who I am,
between what I have 'always' done and what I am beginning to do now,
and between who I was and who I am becoming. I've called this process
of disconnection and reconnection 'let-self-change' and there seems to
be a lot of it going on now, everywhere. It's not easy. One has to be ready for
the voyage.
I expect to live to see our massive centralized industrial-model
systems (political, economic, social, health, education, media etc.)
crumble under their own unsustainable weight and be replaced (after an
unpleasant transition) with light-weight, agile, egalitarian,
'sufficient' community-based systems. These new local networked systems
won't work terribly well, but we'll make them work, because we'll have
no choice. This isn't idealism, just awareness of how the world really
works, and always has.
To be ready for this, and to ready my children and grandchildren for
this, I need to (re)learn some survival skills, such as the ones in
this chart:
But I'm coming to believe that before I can acquire these skills, really
learn them, I have to approach them from a place that is unencumbered
by all the presumptions and preconceptions that are ingrained in most
of us throughout our lives. I have to unlearn not
only all the nonsense that we've all been taught, but also the way in
which we've all been subtly wired to see the world and everything in
it.
Instead of seeing conceptually I have to learn to see perceptually.
Instead of using the tools of propagandized modern language, I have to
learn to use the natural tools of intuition and attention
and appreciation and sensation and presence.
Instead of learning based on planning and presupposition (based on what
I've 'learned' before) my learning must be based on openness to all
possibility, on appreciation of
emergence, and most of all on humility.
Instead of applying complicated, analytical learning methods I must
apply the
ways of complexity: experimentation, discovery, observation,
imagination, and practice.
Instead of learning by the traditional means of separating myself from
the object of my study ("the environment", "the culture"), I must learn
integrally, as a connected part of
all-life-on-Earth.
I have to relearn to learn how a child learns: authentically (=Gk. being
oneself).
For almost six years now this blog has espoused the importance of being
authentic -- as ee cummings put it:
To
be nobody-but-yourself -- in a world which is doing its best, night and
day, to make you everybody else -- means to fight the hardest battle
which any human being can fight; and never stop fighting*.
Or, to put it another way, the importance of getting rid of all the
'gunk' that we take on, that adheres to us as we get older and assume
the trappings, the costume
of civilization, that prevents us from being honest, raw, authentic,
nobody-but-ourselve... -- stuff that others put on us to make us more
like them, more acceptable, more obedient, tamer, quieter, more
familiar, more 'like-able'.
To move forward now I have to become un-civilized, wild. Agile.
Authentic. Finally, fully, nobody-but-myself.
To
do that I must let go of
everything I believe, everything I think I 'know', everything I fear,
everything I think is appropriate (or not), expected, accepted (and
acceptable, or not), everything I have unintentionally become and
everything I have 'taken on'. All that baggage. All that stuff that
holds me, holds all of us, back, and holds us in place.
I
have to become light.
There will come a time, as our familiar, once-comfortable world starts
to fall apart around us, when there will be no choice but to let go, to
become light.
Now, we have a choice.
What are we waiting for?
What am I
waiting for?
* The full article
containing this quote, in context, which is about the job of the poet,
is shown at the bottom of this
post.
Category:
Let-Self-Change
How to Save the World Tue, 20 Jan 2009 03:30:56 GMTWe're back doing the bank blame game, and I really wish it would stop. Can't we go back to beating up on credit rating agencies? That was more pleasurable, and much cheaper. We didn't have to spend billions to feel bad -- we could just cold-cock them on principle. Anyway, news tonight that Treausury will start demanding monthly reports from banks on the receiving end of TARP monies is fine and overdue, but it is clear that it will quickly turn into a lending quota system. How much did you lend this month? Why is it less than last month? And so on. The trouble is, as I've written here many times, the bank equity injections (that expression really needs to be outlawed) were about an insolvency problem at banks. Forcing them to lend more aggressively than they'd like to in a weak market to consumer and businesses all-too-likely to default is dumb. Just look at the repeat rate for renegotiated mortgages to get a grounded sense of what is going on in lending markets. I'm not saying that banks shouldn't be lending, of course. That's silly, and I wish all the anti-bank nutters would find something else to rail against, like maybe August. I'm simply saying that forcing marginally solvent banks, still encumbered by toxic assets, to lend into a weakening economy only guarantees that more money will be needed sooner to bail them out again. Then again, maybe parading back to the precipice is the fastest way to nationalize the lot of them and get it over with already.
InfectiousGreed Tue, 20 Jan 2009 01:58:32 PSTThis should roil a few markets tomorrow: Jim Rogers is saying awfully harsh stuff about the pound. In light of the deepening recession in the U.K., plus the bank nationalizations and stimulus programs underway there, Rogers was quoted by Bloomberg tonight as follows: I would urge you to sell any sterling you might have. It's finished. I hate to say it, but I would not put any money in the U.K. [via Bloomberg] [Update] All of this begs the question of what we are selling the dollar, the euro, the pound, etc. against (other than gold, of course). A wise-ass over on FT Alphaville suggests maybe long-lived kids toys.
InfectiousGreed Tue, 20 Jan 2009 01:32:08 PSTAs expected, The New York Times Company (NYSE: NYT) has received a $250 million cash injection from Mexican billionaire Carlos Slim Helu. Reports over the weekend from both the Times and the WSJ said that the deal could close today-but also that it could collapse under its complexity before anything had finalized. Under the terms of the deal, NYTCo will use the money to refinance its existing debt. In particular, president and CEO Janet L. Robinson said the proceeds would be used to help cover the $400 million credit facility expiring in May. Release.
Some other details about the deal include:
-The notes are priced at a 14 percent interest rate, of which the NYTCo may choose to pay 3 percent for an additional issuance. The notes are callable beginning three years.
-Slim and members of his family are the main shareholders of Grupo Financiero Inbursa, S.A B. de C.V., which is the parent company of Banco Inbursa. Those two entities own Inmobiliaria Carso, the vehicle through which Slim currently holds 6.9 percent of the NYTCo's Class A shares.
-Slim purchased the 6.9 stake in NYTCo back in September. The value at the time: approximately $127 million, 9.1 million shares at $13.96 a share.The value now: about $58 million based on Friday's $6.41 close (which was up 3.27 percent in trading that day).
-David adds: While Slim's purchase won't erase the $1.1 billion in debt NYTCo has due in the next few years, it certainly will give the company some room to maneuver as the entire newspaper industry is trying to cope in one of most perilous financial periods since World War II. In order to get some breathing room, NYTCo execs have turned to Slim, who is regarded as one of the world's richest individuals. But as Robinson insisted in the release, the company is continuing to "explore other financing initiatives."
-Still, some of the ideas NYTCo has floated lately-like selling off the Boston Globe (which has been mentioned by others for years, not Times execs), dumping its stake in the Boston Red Sox and taking out a mortgage or sale-lease on its 58 percent ownership of its Times Tower office building-make sense, but will be enormously difficult to pull off in this kind of poor economic environment. Additional moves to free up cash, like November's decision to reduce the generous dividend payments, have continued to spur debate about whether NYTCo has gone far enough.
-As for Slim's intentions, that's likely to continue to draw attention. He's keeping mum for now, Reuters says. For example, is this part of a larger plan to gain control of the NYT? The 15.9 million Class A shares Slim got in the deal, if converted to stock, the company, could eventually give the Mexican tycoon a 17 percent interest in the publisher. While the Sulzberger family that has controlled the paper for over a century hope that in return for the holdings, Slim will offer an added line of defense against dissident shareholders, he could certainly change his outlook if the NYTCo's business suffers further, presenting an even greater challenge to the family and their hold of the world's leading newspapers.
For more history on the company, check out our NYT archives.
Photo Credit: ~Sir Duke~
Related
R... NYT In Talks With Mexican Billionaire Carlos Slim For Cash Infusion; Board To Meet Monday
NYTCo Lays Groundwork To Raise Funds Through Debt, Equity
New York Times Reportedly Shopping Red Sox Stake; Looking For $200 Million In Tough Market?
NYTCo Wants To Raise Up To $225 Million From Mortgage Or Sale-Lease Of Times HQ
Mexican Billionaire Carlos Slim Takes Stake In New York Times Company
Social Media Deals Report: This 199-page report, filled with charts and data, examines the categories, number and size of VC and M&A deal in social media from 2007 through 2008. Visit the ContentNext Reports page
PaidContent.org Tue, 20 Jan 2009 01:15:31 -0600IBM Lotus Symphony is powerful, it’s free, and best of all, it’s a viable alternative to MS Word. Preston Galla from PC World reports:
Once upon a time, in the deep, dark recesses of computer history past, Lotus Symphony battled Microsoft Office to become the dominant Office suite. Today, of course, Microsoft Office is dominant, [...]
Businesspundit.com Tue, 20 Jan 2009 00:40:28 +0000Friggin [
url]
The Big Picture Tue, 20 Jan 2009 00:45:16 +0000You need only two things to fix the housing crisis: Readily available consumer credit, and lower real estate prices.
The second part of that equation is being helped along by Foreclosures:
Southern California home sales rose 51 percent in December as a surge in foreclosures pushed prices of single-family houses and condominiums down from a year earlier, [...]
The Big Picture Tue, 20 Jan 2009 00:37:43 +0000 1 2 3 4 5 Older >> Oldest >>
|
Add this widget to your blog
Click on a button below to automatically add the widget to your blog on Blogger or Typepad.
Add this widget to your site
Just paste the Javascript, ASP or PHP code below into the code of your site.
Javascript code (What is JavaScript?)
PHP code (What is PHP?)
ASP code (What is ASP?)
|
Add premium news stories to your site and blog.
Add constantly updated quality news stories to your website and blog with not advertising and get usage statistics.
Start here
|
Add free news stories to your site and blog.
Add constantly updated quality news stories to your website and blog.
Start here
|
Add free music videos to your site and blog.
Pick and search 20,000+ music videos and add them to your site and blog.
Start here
|
Add free random videos to your site and blog.
Add constantly updated videos to your website and blog.
Start here
|
Distribute your content for free
Allow the visitors to your site and blog to preview the content of your RSS feeds "on the fly" before adding it to their own website and blog effortlessly and get additional traffic back to your website and blog.
Start here
|
|
|
|
|