Curious Cat Orson Scott Card Books
Monday, December 26, 2005
Curious Cat Orson Scott Card Books
Saturday, December 17, 2005
First, I can't believe Google actual did what is claimed (my guess is, that it is a misunderstanding).
If Google is going to give certain AOL ads different treatment (showing them when their best algorithm shows other ads have a higher value), that would be stupid (the degree of stupidity would depend on the degree of favoritism they give, in my opinion - and not a linear scale).
It is possible to give AOL a better deal without altering the algorithm - such as Google taking a smaller slice of the profit on AOLs adds. So if normally the advertiser has to pay Google a 30% fee and Google made AOL only pay a 20% fee for the same dollars from AOL and the same ranking algorithm (if it were maximized for showing the highest overall value ads - as opposed to the highest Google profit ads) then AOL would get "priority" placement but within an overall optimized system. In this case you keep the algorithm in place for showing ads as if Google were taking their normal cut but then when "charging" AOL a discount is given (or Google "pays" the normal charges to the advertiser as the Washington Post article seems to indicate).
Essentially Google accepts less. They could also optimize the algorithm for Google's profit but I imagine they don't do this now. Otherwise volume discount agreements would not be worth much. Of course, I haven't given this much thought I might be missing something obvious.
But even if Google made that decision, stupid moves are not all "jump the shark" stupid. I agree that it is not the right term to use.
Also see: Google to Buy 5% Of AOL for $1 Billion
Saturday, December 10, 2005
Monday, December 05, 2005
Yet unless the advanced economies invest more in education and basic R&D, they could lose their global lead in science, engineering and high-value-added production within a few decades. China and India are now graduating more engineers and computer scientists than are emerging from American and European universities. At some point, national symbolic analysts in advanced economies will lose ground.
The changes are happening much faster than I thought they would. And I think the predictability of what will happen going forward is becoming much more difficult. The system has a capacity for huge and rapid change.
Saturday, November 26, 2005
The Wall Street Journal said in its report that a Microsoft Dublin-based company that is used for routing patent a royalty income from overseas operations, paid the Irish Revenue $300 million in taxes last year.
In 2002, US companies reported $149 billion of profits in 18 tax-haven countries, up 68% from $88 billion in 1999, according to Tax Notes, which analyzed the most recently available Commerce Department data. This compares with a 23% increase in total offshore profits earned by US multinationals during the same period-total profits of US multinationals' foreign subsidiaries around the world stood at $255 billion in 2002.
Blind Study Finds Google Really Does Offer Best Results, by Nov 21st:
As of, Novemeber 26th the results were very similar: Google 42%, Yahoo 32%, MSN 26% (see graphic). This is a nice idea. I think it would be improved if more results were shown (only 3 were shown for each search engine). I am also a bit unclear on if it keeps the same letters for each search you do. The results were very close for the searches I tried.
One other note is the display of the results at the search engine naturally effects people's opinion. MSN and Google were showing 3 ads above the results for each search I tried while Google showed none above (or 1 above in one case). So I can believe Google gets an extra bump in real life practice due to the better display they provide users. I also believe Google used to have much more superior results than they do now. I think MSN and Yahoo have improved and Google has gotten worse (I imagine due to concetrated effort by those attempting to fool Google into showing less valuable results higher in the returned list than they would without the extra effort put into fooling Google.
Monday, November 21, 2005
It seems so obvious that the age at which benefits are paid needs to be raised drastically (in addition to other reforms - increasing the cap rate, not paying monthly benefits to the wealthy...).
The idea when social security was setup was those few people who lived past the expected life span would get benefits (and those benefits would only require a minimal tax (2%, I believe, with the 1935 law from the outset rasing the rate to 6% by 1949). Now the expected lifespan is well past the retirement age. The model does not work the way it is now (even with increasing social security tax over 15% of earned income - remember the employer and employee both pay social security tax on every employee's earnings). Also the elderly were the poorest age group then. Now the elderly are the richest age group.
On an unrelated note, why are so many large, well financed, sites (like Newsweek in this case) so full of links on their own sites that link to other pages on their own sites that don't exist? It really should not be too much to expect that internal links actually work. They have a link to the authors bio:
"Our web servers cannot find the page or file you asked for.
The link you followed may be broken or expired."
Another link to something titled "more aritcles by this author" and you get sent to a search page with 16 boxes of info to fill out. What? Just show the articles by this author. Such an poor implimentation. What a shame. And many sites that probably spend millions a year on content, advertising, design... are also very poorly designed in 2005! Crazy.
Sunday, November 20, 2005
The goal of the initiative, launched in 1994, was to "dramatically advance the means to collect, store, and organize information in digital forms, and make it available for searching, retrieval, and processing via communication networks - all in user-friendly ways." Larry Page was funded under the DLI as a graduate student researcher, and Sergei Brin was supported with an NSF graduate student fellowship.
Page and other Stanford researchers created an algorithm called PageRank. It ranks the importance of each Web page based on the number and importance of other Web pages that link to it. This technological advance enabled Page and Brin to develop a search engine that found useful and relevant information, which was critical to Google's popularity. Google was also prototyped on equipment paid for by the federal government's Digital Library Initiative.
This sums up a key point that has been overlooked in much of the discussion in the blogosphere about Innovation in America.
Related blog posts from technorati
Innovation and Offshoring
Saturday, November 19, 2005
The first defense that came to mind went unsaid, but it would have gone something like this “If I’m dumb enough to buy water, I’m certainly dumb enough to pay too much for it!”
Thursday, November 17, 2005
This figure surprises many people. China has lost 7 times the manufacturing jobs the United Stats has from 1995 to 2002.
For more see, our post on: Manufacturing and the Economy
Related: Manufacturing Employment Data: USA, Japan, Germany, UK… 1990-2009 - Global Manufacturing Employment Data from 1979 to 2007 Manufacturing Jobs Data: USA and China (1990 to 2005) - Top 10 Countries for Manufacturing Production in 2010: China, USA, Japan, Germany…
Saturday, November 12, 2005
Some of the world's leading shipping bodies called on the U.N. to urgently address the issue.
Pirates storm Indonesian tanker:
Some 37 acts of piracy were recorded there last year but there has been a sharp fall in reported attacks after December's tsunami in the Indian Ocean, the Malaysia-based bureau says.
Saturday, November 05, 2005
How Certain is Certain?:
My only solace is that if this puppy goes down, the headlines will read “Plane Crashes. Dilbert Cartoonist is turned into Charcoal.” That’s called Top Billing, baby. Take that, rule breaker! I hope he’s not the new Chairman of the Fed or something. That would really suck.
Sunday, October 30, 2005
- The United States is 49th in the world in literacy (The New York Times, Dec. 12, 2004).
- The United States ranked 28th out of 40 countries in mathematical literacy (NYT, Dec. 12, 2004).
The USA is "No. 1" in nothing but weaponry, consumer spending, debt, and delusion
Well, actually, I believe the United States does manufacture more than any other country. And it is definitely the largest economy. Still I accept the point that the USA has many things it should improve.
Photo shown by, Dr. Marie-Hélène Bré
Laboratory of Cellular Biology
University of Paris, South
Tetrahymena thermophila (protozoa) cells (1500x)
Wednesday, October 26, 2005
Monday, October 24, 2005
No one wants to read through pages and pages of boring text before installing a program. And many programs put their license agreements in small windows that require lots of scrolling. So many people either skim them or skip reading them altogether.
But it can be dangerous not to read license agreements.
License agreements can provide information about the intentions of software, and other bundled components. Have you ever installed a program, only to have your desktop taken over by advertising? It may have been noted in the license agreement that you simply clicked past. If you aren't reading the license agreements, you have no idea what you could be agreeing to.
You should always read license agreements before agreeing to them.
But now there's a way of making that much easier.
EULAlyzer can analyze license agreements in seconds, and provide a detailed listing of potentially interesting words and phrases. Discover if the software you're about to install displays pop-up ads, transmits personally identifiable information, uses unique identifiers to track you, or much much more.
The current customer hostile behavior of many technology companies works for them. I hope tools like this will benefit those companies that treat customers fairly and harm those that are hostile to customers.
Monday, October 17, 2005
A selection of made up words: Yoink!, Scientician, Redorkulated, Malk and Embiggen.
Sunday, October 16, 2005
Great article exploring the challenges of modern office workplaces:
Saturday, October 15, 2005
Webcast: Bill Gates at Columbia University
Transcript: Bill Gates at Princeton University:
In our case, by having the right kind of researchers, having the product people love to spend time with them, really getting it out and showing what they're doing, our experience has been quite the opposite.
Wednesday, October 12, 2005
This is great. I just love when the internet is actually provides great content to people all over the world, that had no reasonable way to get the material previously.
The webcast of Sergey's Views on Search, Google, and Life (Sergey Brin Co-Founded, Google).
Another great place for podcasts is IT Conversations.
Saturday, October 08, 2005
Saturday, October 01, 2005
A great example of a reinforcing loop in systems thinking parlance.
About Us page on O'Reilly web site:
O'Reilly conferences and summits bring alpha geeks and forward-thinking business leaders together to shape the revolutionary ideas that spark new industries.
Sunday, September 25, 2005
Saturday, September 24, 2005
The program was originally set up to accept 200 participants but that number doubled to 410 projects that were spread across 41 different sponsoring organizations, including Google.
One of the reasons Google's honeymoon is lasting so long is they keep doing so many things right.
Working for "free" is one thing; getting paid to work on Free and Open Source software is quite another. Google's funding of the various projects didn't raise notable problems, though it may have raised expectations for the future.
"One minor issue for us it that the reward offer is quite sizable, and was, in most cases, larger than what the bounty would have fetched in the usual Bounty system employed within Ubuntu," Ubuntu's Weideman said.
Google Summer of Code
Thursday, September 22, 2005
Good idea, previous posts on Driving While Impaired and Record Low Highway Fatality Rate.
Wednesday, September 21, 2005
Google really needs to upgrade blogger in several obvious ways. I can't believe how slow upgrades to blogger have been. When I decided to go with blogger for my blogs I figured, ok there are some really lame things (like not being able to categorize posts) but Google just bought blogger so I am sure within a few months these obvious shortfalls will be fixed. I am still waiting. Overall Google is doing great things but I really think they should be doing a better job of improving blogger and of providing less spamy search results.
They don't even make it obvious that they pay attention to the comments I delete (maybe they are doing some analysis of what all us bloggers are deleting but I don't know...). They should have a button that says deleted because this is a spam comment. Then they could use the collection of such decisions by bloggers to deal better with spam.
Wednesday, September 14, 2005
I would agree it is the biggest honeymoon phase I have seen (which points out his estimate of Microsoft's is exaggerated).
Google launches Blog Search:
So far I think the Google Blog Search is fine but nothing incredible. I agree the advanced page seems to be where the value is. I figure Google will improve this quite a bit, right now the quality of the results in not great in my opinion.
My comment on Battelle' Searchblog, Is this normal?: "That is normal. The secondary offering is always priced below the market price. Oversimplified market way of thinking about it: the market is balanced with buyers and sellers at the current price. You are then adding $4 billion to the sell side of the market. It would make sense the price would have to decline to bring in buyers. Oversimplified cynical way of thinking about it, those inside wall street folks don't have to pay what us regular folks have to pay. Well I missed out on the original offering, but did pick some up earlier this year way below the $295 price: I am happy with that purchase."
Google continues to get the positive press. It is really amazing how well they are doing.
Thursday, September 08, 2005
Google keeps the positive news stories flowing.
Sunday, September 04, 2005
Friday, September 02, 2005
Traditionally, the law has kept these two domains in balance. The term of copyright was relatively short, and its reach was essentially commercial. But a fundamental change in the scope and nature of copyright law, inspired by a radical change in technology, now threatens this balance.
Wednesday, August 31, 2005
Some interesting figures in the press release:
Survey Response Percent of Respondents
I use feed aggregation software to monitor
RSS feeds for blogs 4.9%
I use a feed aggregating Web site to monitor
RSS feeds for blogs 6.4%
I've heard of RSS and know what it does
but don't use RSS feeds 23.0%
I've heard of RSS but don't know what it does 15.7%
I've never heard of RSS before today 50.0%
These levels are ludicrous. I could accept maybe Bill Gates, Warren Buffett and a handful of others getting these types of pay packages but those who you might think deserve such high pay don't receive such large pay.
The cumulative pay of the top 10 highest paid CEOs in the past 15 years totaled $11.7 billion.
Some might try to argue that these CEO's are being paid this due to the free hand of the market (supply and demand). I find it crazy for people to actually believe this. These pay rates are being made by board of directors who seem to be more interested in helping out the "Brooks Brother Bureaucrats" that they play golf with. Many of these companies are paying large percentages of what would otherwise be the companies total profit to their Brooks Brother Buddies who then support them (through high paid board seats, sitting on boards of their companies and approving similar exorbinant pay etc.).
I would love to see a report showing the executive pay of these overpaid CEO's compared to the net profit of the companies (showing what percentage of the profits are being paid to these individuals compared to the stock holders and other workers). At some point I will do this myself if someone else doesn't. Obviously unjustified practices suffer when those practices are publicized.
And I believe the more publicity of exorbinant packages the better. In my opinion, this harmful practice is due to a few people taking the profits owed to other workers and shareholders and giving it to their pals. You can certainly see example after example where these payments don't seem possible to justify as a wise use of companies money. However, this change will not be easy, the Brooks Brother Bureaucrats have an incentive to continue the current system where they can enrich themselves by enriching their pals.
My previous comment on Dan Gilmor's blog post (Mar 2005) on this topic:
Tuesday, August 30, 2005
Search the Curious Cat web sites
Sunday, August 28, 2005
In dollar terms, that would be a significant blow to India, Chohan said. In 2004 India raked in more than $2 billion of an estimated $3 billion global offshore BPO [Business Process Outsourcing] market with more than 250,000 workers.
He estimates that the worldwide offshore BPO market will grow to about $24 billion by 2007 of which India will earn about $13.8 billion.
So India is going to see its absolute dollar value of outsourcing grow from $2 billion to $13.8 billion in 3 years and that is a significant blow to India. I'm not sure what I am missing but that seems like an amazingly good thing to me for India. Other parts of the article make some sense but what am I missing in the above quote????
Wednesday, August 24, 2005
It’s getting worse, by some measures. The ratio of CEO compensation to pay for the rank and file was roughly 200-to-1 in the early 1990s. Now it's more than 450-to-1, says David Lewin, a professor at the UCLA Anderson School of Management. Worse, many average workers are now paid partly through bonus systems and stock options, meaning their livelihoods are tied to often-volatile company stocks. Many executives have similar incentives, but at a vastly greater scale. They win almost regardless of how their stocks fare.
It really is a disgrace.
Monday, August 22, 2005
Saturday, August 20, 2005
For example: Estate Tax Malarkey
Individual citizens don't have the time to verify all the claims made. And the news media overall seems less willing to do so. It is often not popular to question what the powerful claim, especially when you want favors from them on the regulatory front.
Sunday, August 14, 2005
I got an HDTV (Toshiba 65" HDTV)a few months back and it is great. This camcorder seems like it could be pretty cool too.
Thursday, August 11, 2005
Monday, August 01, 2005
You might think the emphasis would be that "42,636 people died on the nation's highways in 2004." But, if so, you would be wrong. That number means an average of 116 people die each and every day all year long.
The death rate per VMT has decreased to 26.5% of the rate in 1966 yet deaths have decreased very little - due to the huge increase in VMT. I would think the goal is to decrease the number of deaths. Yes decreasing the dealth rate per VMT seems like a wise course of action but it hardly seems sufficient. We still have 116 people dying each and every day and we tout that as a "record low." It seems to me we may have become a bit complacent when so many deaths are not greeted with a determination that such a high number of deaths was seen as something terribly wrong, and something that needed to be fixed.
Hopefully they have some more data than this (which I am sure they do) since this doesn't really have enough detail to reach the conslution. What percentage of those in the acidents had on safety belts (was their survival rate higher than those without?). And doe sthe law increase the use of safety belts? I could also imagine those wearing safety belts are more concerned with safety and therefore less likely to crash in the first place (though they may not be able to avoid someone drunk person, some person talking on a cell phone... who crashes into them).
See more data
Portrait Drawings and Pen and Ink Illustration by Wall Street Journal portrait artist Noli Novak. A neat site with illustrations with the unique Wall Street Journal look.
Friday, July 29, 2005
Jim Jubak is definitely worth reading for anyone interested in investing. This column touches on the economic problem of the aging population.
That pretty much has to be part of the solution. While the United States is rich even we are not rich enough to have people work for 40 years and not work for 40 years. Retirement at 65 was set when most people died before or soon after that date. It just is not realistic to think we can live at the standards of living we expect and only work from 25-65.
If people want to cut the standard of living during the 80 years they live that would be one tradeoff they could make. I don't believe his contention that savings is not a reasonable significant part of the solution (if that is what he means by "The whole world is getting old pretty much all at once, so saving more and investing at higher returns won't do the trick."
- The Impact of Aging on Financial Markets and the Economy: A Survey by Barry P. Bosworth, Ralph C. Bryant and Gary Burtless. The Brookings Institution, July 2004
- Aging population makes this deficit scarier, Sue Kirchhoff, USA Today.
Wednesday, July 27, 2005
That hardly seems posible but if it is true is amazing. One point of the article, that there are many people with a great deal of money to spend sure seems true. But still such a large majority making over $65,000 is suprising.
I meant to post this earlier but forgot to do so. Google, summer of code:
Great idea for Google. They seem to be doing so many things right now. Hopefully they can keep it up.
Sunday, July 24, 2005
Medicare... now about 15 percent of federal spending and projected to grow to nearly a quarter of the budget in a decade.
Researchers at Dartmouth Medical School, who have been studying Medicare's performance for three decades, estimate that as much as $1 of every $3 is wasted on unnecessary or inappropriate care. Other analysts put the figure as high as 40 percent.
Interview with Ask Jeeves (from 2000), very funny.
Tuesday, July 19, 2005
The survey found that 28 percent of the offshore outsourcing or offshore development project actually increased costs and 25 percent did not generate any significant savings.
The Debt updated daily from the United States Bureau of Public Debt:
Owed to the public: $4,552,108,672,703.45
Owed to other parts of the GovernmentL $3,301,481,819,120.60
Total Debt: $7,853,590,491,824.05
These numbers might make United States citizens want to support the Concord Coalition.
Listen to a Conversation with Maurice Sendak (author of Where the Wild Things Are) from NPR.
Saturday, July 16, 2005
Finally I decided to see what was going on. It seemed to be related to sites with Flash so I went to look at the Flashblock page and it seems a new version of Firefox has a bug that results in the old version of Flashblock crashing Firefox. I just upgraded Flashblock so hopefully I will now avoid all those crashes. You have to follow the uninstall instructions (default extention upgrade process won't work).
Outsource your job to earn more!
I think this is pretty amusing. I would guess others will get all worked up about it. I wouldn't be amazed if this quote is less than completely true:
I have thought about something similar, but I am too chicken to actually do it.
Lawmakers have proposed several bills that seek to better protect personal data
While I hope they pass some effective laws, I am skeptical. Lawmakers now use so much 1984 Orwellian speak you can't trust what they say (yes I realize some may say that was always true but I don't believe they could so boldly be Orwellian previously). The only effective way to know what the claims they make mean is to have trusted entities that will tell you what it really means (or become an expert yourself). Unfortunately the mainstream media has mainly given up any role they traditionally played and now mainly parrot whatever they are told (this is not something new in the last 2 years it has been growing more and more true for 20 years). So for privacy I would look at what the Electronic Privacy Information Center, EFF, Privacy Rights Clearninghouse and other say to know whether the lawmakers are using English the way the rest of us do in talking about these laws or whether they are Orwellian.
Wednesday, July 13, 2005
Search for number range:
You can search for the existence of a number within a range:
Data Show Scourge of Hospital Infections by Ceci Connolly, Washington Post
Google Maps Mania - blog for Google Maps Hacks
Tuesday, July 12, 2005
A first, useful step would be a drastic reduction of copyright back to its original terms—14 years, renewable once. This should provide media firms plenty of chance to earn profits, and consumers plenty of opportunity to rip, mix, burn their back catalogues without breaking the law. The Supreme Court has somewhat reluctantly clipped the wings of copyright pirates; it is time for Congress to do the same to the copyright incumbents.
Joel on Software has some great posts. This one is especially funny:
"Start. Click Start. It's in the bottom left."
"I have C - T - R - L in the bottom left."
"The bottom left of your screen."
"Oh. OK, I clicked it."
"OK, now click RUN."
"On the menu that came up. Click RUN."
"It's not there."
"What do you mean it's not there?"
"It's not there. I don't have a RUN."continued
I don't know about you, but this statement leads me to believe the association doesn't care what the consequences for the public is, they just care about their members (why they think it is in the interest of their members to have their product be responsible for so many deaths is beyond me. Some companies seem to understand their products have appropriate and inappropriate uses. Many marketers seem to believe acknowledging any inappropriate uses is bad. This is pretty sad if you ask me, which you didn't, but I get to say what I want here, so I have. Without a public that can understand simple data it is pretty easy for spokespeople to just make unsupported claims and get away with it.
I can understand those who say a company should not be liable (say one that manufactures cell phones or provides cell phone service) if someone using their product kills your child. It isn't the cell phone providers fault that someone drove while talking on their cell phone. But if the cell phone provider gave large sums of money to lobbyists who gave the money to legislators (or the phone company gave it directly to a lawmaker) who decided not to make it illegal to drive while impaired, don't they have some responsibility?
If the cell phone provider said you were not to use their product or service in this dangerous way I wouldn't believe they should be liable. But if they create the product/service and then shape the laws of the society so that it can be used in a dangerous way why are they not responsible for the resulting inevitable deaths caused by their actions? Espeically when on top of shaping the laws they try to make the public believe it is safe basically and just like a whole bunch of other minor distractions... I understand they are not the only responsible party, the person that chose to risk the lives of others for their own selfish reasons should be held accountable for their actions. It just seems the people in the companies making the statements and making the decisions to make the payments to influence laws have moral responsibility. But I guess the legal question will be answered over the next 20 years and the moral implications are for each of us to determine for ourselves.
Yes it is true some cell phone use increase risk only slightly. It is also true someone can have a blood alcohol level that is above the legal limit and they don't endanger people more than another driver who is less capable of driving in general. But we have to set certain limits. If we figure out a way to know when someone's capability to drive at any moment in time drops below the level society wants (due to drug use, lack of sleep, cell phone use, failing physical reflexes...) then we can have a system that more directly ties to what we are trying to legislate which is: drivers do not retain the right to drive if they endanger others too much. I don't see how we can ever do that, but if we can great. Until then, we set laws such as: it is unlawful to drive while intoxicated.
Have you ever noticed that the strategy of delay by asking for more data collection is almost always followed by, boy that data has such and such problem collect more data (actually I think it might be always, not often, it is just that a critical mass of those who no longer accept that delaying tactic final is reached and the request for more delays is finally denied)? I certainly believe data should be collected but you should not let special interests claim some minor issue is not yet 100% clear so allow many more deaths for several more years so we can get data that is a bit more clear on some detail. The delaying strategy is one that can go on for decades if people don't have a basic understanding of the scientific method, statistics and the consequences of inaction as well as action.
You know you are in a pretty weak position when you are not denying the risk but instead claiming but you don't outlaw these other things that endanger people's lives. It is true driving will have risks for the foreseeable future, no matter how many risk we try and reduce. That doesn't mean we hold off banning drunk driving because other risky things have not been banned yet.
Study published in the New England Journal of Medicine in 1997 - Association between Cellular-Telephone Calls and Motor Vehicle Collisions
Cell Phones Are Found to Pose Riskiest Distractions for Drivers - link to article on Yahoo because NHTSA web site doesn't seem to bother to post their own study that the article is based on.
Cell Phone Use By Drivers -- A Threat To Public Safety?
Monday, July 04, 2005
"The output loss associated with the typical housing price bust (about 8 percent of GDP) was twice as large as that associated with a typical equity price bust," the study said.
Friday, June 10, 2005
Global HNWI wealth has grown by 8.2 per cent to a whopping $30.8 trillion in 2004. Moreover, around 8.3 million people globally hold financial assets of $1 million, an increase of 7.3 per cent over 2003.
See also Number of Millionaires Hits Record - 7.5 million households in the United States. I would be willing to wager that the percentage of Indian millionares to United States millionaires will decrease dramatically in the next 10 year.
Thursday, June 09, 2005
Sounds of Silencers, Are Loud and Clear: PCs Are Too Noisy:
Silent PC Review
Build your own Office Irrigation System:
Tuesday, May 31, 2005
The confirmation came from Bob Woodward and Carl Bernstein, the two Washington Post reporters who broke the Watergate story, and their former top editor, Benjamin C. Bradlee.
Monday, May 30, 2005
Housing Bubbles, the Great Plains and the Coast by Brad Setser:
big, sort-of-national daily papers waxed far more eloquent about
eliminating farm subsidies than eliminating suburban housing subsidies.
Everyone has constituents.
In that post Brad Setser also mentioned: "US farm subsidies certainly do need to be reformed, particularly those that have a large impact on poor farmers in the world's poorest countries."
Big Farms Reap 2 Harvests With Aid as Bumper Crop by Timothy Egan:
But because nearly 70 percent of the subsidies go to the top 10 percent of agricultural producers, the recent prosperity is not seen or felt among many small to medium-size growers who keep the struggling counties of the Great Plains alive.
Update: also see our investing and economcs blog
Wednesday, May 25, 2005
Number of Millionaires Hits Record - CNN 25 May 2005
That represented a gain of 21 percent, the largest jump in the number of U.S. millionaires since 1998, according to the survey by the Spectrem Group, a Chicago-based research firm.
Spectrem counted Americans with net assets of $1 million or more, excluding primary residences but including second homes and other real estate holdings. There were 6 million millionaires in 2001, when the bursting of the tech-stock bubble pruned more than a million Americans from this status.
Record high Number of Millionaires - CNN 16 Nov 2004:
Half of those surveyed are retired.
The number of millionaire households represents about 7 percent of all U.S. households.
Planet PDF - free PDF eBooks Archive, books available include:
- Aesop's Fables
- Alice's Adventures in Wonderland
- Paradise Lost
- The Prince
Monday, May 23, 2005
I don't understand how these types of "explanations" are accepted by the media and their customers. If some investor really was surprised that Google was going to be added to the S&P 500 they shouldn't be investing in the market, they should just buy an index fund and leave well enough alone.
If CNN (and the others [MarketWatch Potential index inclusion drives GOOG"], Reuters (via CNBC)... reporting the same story) really believes the increase of 5.7% is due to a rumor that Google could be added to the S&P 500 I don't know what to think of the other reporting they do. Even when much smaller companies are actually announced as new additions to the S&P 500 and that company's addition really was questionable (for say anytime in the next year or two) they don't go up 5% in price. But, if CNN doesn't believe it, wouldn't that be worse? It just seems financial reporting is more concerned with finding some explanation even if that explanation lacks almost any merit.
SmartMoney's "explanation" was much better: "Google (GOOG) shares shot up nearly 6% to the latest all-time high with nary a provocation." But if you don't know anything about investing this seems like SmartMoney don't know what the others are reporting. I don't know whether SmartMoney actually made a good editorial decision or they just wanted to vary the language a bit. I could see one could get tired of repeating the almost daily "rumor" explanation found after whatever stock went up significantly without any rational reason (even if the rumor were true - some rumors would explain price moves, if true, others like the example today have almost no actual chance of having the noted affect even if they were true). In this case you would have to assume that today the chances for Google being added to the S&P 500 greatly increased in liklihood. I would be amazed if the sites using the rumor today have in the past reported Google was to be added to the S&P 500 in 2005 - here is one example.
I have watched this type of "reporting" for years (decades actually) and really don't understand why it is accepted. Why did it go up 5.7% today? I have no idea, but we did include a large stake in Google in our 10 Stocks for 10 Years post a month ago.
It is not all that uncommon that a stock at its all time high price would move dramtically higher ("breakout") but that is not an "explanation" of why Google increased in price today it is just a statement that such an event is not uncommon. Taking advantage of this pattern is part of the investment strategy employed by many successful investors (Livermore, Darvas, O'Neil are examples) and also many investors who fail to achieve great results.
Saturday, May 21, 2005
From the lessig blog, "The 'Progress' and 'Freedom' Foundation has called (rightly) for Supreme Court review of the 'obviousness' standard in patent law."
Even Microsoft, always a strong proponent for the protection "intellectual capital rights" sees the current system is failing. While not all Microsoft's suggestions make sense to me I do share common ground with them on several points. From a question and answer session with Microsoft General Counsel Brad Smith posted on Microsoft's web site:
Another proposal is to establish a post-grant patent-opposition procedure, which would allow third parties to challenge patents administratively, rather than through litigation. Such a procedure already exists in the European system and could help weed out questionable patents before they become the subject of costly and time-consuming litigation.
The statement Microsoft makes include some language about "business-process" patents and supporting addressing the problems that exist in that area. Without stating it they seem to support the current award of "business-process" patent and just want some minor adjustments. On the whole these patents seem to be obvious and unworthy of patent protection, in my opinion.
Monday, May 16, 2005
Read more at the Cute Circuit web site. Ok, they seem to be stretching to relate points such as: "An infant may sink into depression and die without the closeness of her mothers body (studies refer of increased sudden infant death syndrome if children are not being hugged during the first 40 days of life)." Still these shirts seem like a fun idea.
Sunday, May 15, 2005
This seems like a pretty obvious move that should have been made years ago. It seems the money given to legislators that don't want people to have control over private personal information has prevent such moves thusfar. Maybe enough people have had their identities stolen to final get some action. At some point the number of people having their identities stolen will finally overcome the resistance (created largely by donations - no other explanation make much sense) legislative action.
The only argument I have heard from legislators for allowing consumers to control their private information is that the consumers don't understand the harm they would cause themselves if they placed such a freeze on their account - that the consumers don't understand that means they might have to wait days (or even weeks) to get new credit. If the legislators actually believe that the government knows better than the individual the balance what that consumer wants (between having their private information shared and the speed at which the consumer will get credit) it seems their are many other decisions that legislator would support government making for the consumer. That doesn't seem like the real reason most of those who have prevent such legislation. It seems more likely the money given by those that wants to prevent consumers from having the right to protect their private information is having the desired effect and preventing such legislation (and if not completely preventing it, then limiting the effect of any such legislation).
Wednesday, May 11, 2005
- States Web Games - simple and interesting web games to teach geography.
- Cracking the Google Code
Under the GoogleScope - an interesting read. I think the author might overstate some claims. The methods Google files in the patent don't necessarily mean those are the methods they are actually using today. It is interesting to see what Google files and see how they are trying to find actual relevant content from all the content created only to get search result listings.
- Dial Comes To Town - a wonderful online video (mpeg) of a public service announcement from the phone company as they switched from operator dialed calls to the dial tone (and calls dialed by customers). Even the reviews of the video are fun to read. A great stress break, take a look to enjoy a few relaxing minutes.
Sunday, May 08, 2005
- We have started a new Curious Cat Science Blog for posts on science and engineering news, breakthroughs, education and research.
- thepartyparty.com is a collection of "songs" where samples from President George Bush's speeches are put together to have it appear he is signing such songs as "Sunday Bloody Sunday" and "Imagine."
- Beyond Fear, speech by Bruce Schneier from IT Conversations (a great site with excellent and free audio speeches and interviews). In this interview Bruce Schneier talks about the way we evaluate and react to risks:
Sunday, May 01, 2005
Friday, April 29, 2005
- States Scramble To Protect Data
- Nano-Probes Allow an Inside Look at Cell Nuclei
- Make your own annotated multimedia Google map
About time, it is a shame millions of people, every year, suffer due to delays in inacting sensible laws and weak enforcement of the existing laws. If citizens don't make it known that failure to enact laws to protect individuals will not be ignored the special interest groups will likely succeed in having legislators (that they give money to) stop effective laws from being inacted. Also see, Private Consumer Information Stolen from ChoicePoint post and information on identity theft.
Monday, April 25, 2005
- China 1Q GDP surges, CNN.com
- Cisco CEO on U.S. Education: We're Losing the Battle, David Kirkpatrick, Fortune
- So Much for That Merit Raise: The Link between Wages and Appearance
Friday, April 22, 2005
Friday, April 08, 2005
- Google Patent application - Information retrieval based on historical data
- Microbe has become invulnerable to the most commonly used antibiotics - A dangerous germ easily mistaken for an innocuous one has become alarmingly common around the United States. More links to the consequences of the overuse of antibiotics.
- An Evergreen Brink's Heist - "Thereafter, this agreement will automatically continue for successive one year renewal terms unless you or Brinks give written notice of cancellation to the other at least 60 days before the initial or renewal term ends." These types of clauses sure don't seem customer focused to me. Hopefully the internet can help shine the spotlight on such anti customer practices and lead to better customer service. I believe people will make rational choices when given accurate information but most customer decision are based on very incomplete information. I know I can't research every clause related to everything I buy. I believe increasing the information available to consumers will lead them to choose to buy from companies that proivde good customer service instead of trying to find legal tricks to get the most from those who buy things from them.
- Google Maps new satelite views are very cool - Central Park