It’s Getting Better All the Time

Posted: September 15th, 2009 | Author: | Filed under: Business, Data, Economics | Tags: , , , | 1 Comment »

Before turning in for the night, I feel I ought to join the voices toasting the anniversary of Lehman’s collapse. I’ll leave serious analysis of where we are, and how much remains to be solved, to other bloggers and other days. My thoughts are more mundane.

Yesterday, when the President delivered Wall Street hotshots a lunchtime lecture about the need for regulatory and compensation reform, I noticed one thing: I was watching CNBC, and the market didn’t blink once during his address. In fact, it seemed to perk up during that half-hour (noon to 12:30), and stay up throughout the afternoon.

This morning, Ben Bernanke had a similar result when he addressed econo-wonks during the first half hour of trading.

Why does this matter? This time last year, every time any government official–Bush, Paulson, Bernanke–got on camera with the intention to restore calm, investors panicked. On days when there was no other economic news, regulators opening their mouths were singlehandedly making the situation worse.
That is not to say that Bernanke and Obama going on the conference circuit now has any real economic value, but simply to point out that the non-effects of their speeches show that we are all a lot less jittery, and that’s a good thing.

Trying to Save Health Care Reform

Posted: September 10th, 2009 | Author: | Filed under: Economics, Politics | Tags: , , , , | 1 Comment »

The speech exceeded expectations. As I’ve argued in earlier posts, there are only two routes to achieving GUARANTEED universal coverage: an individual mandate and an employer mandate, both with subsidies for the poor. There are also only two routes to finance those subsidies: massive regulatory overhaul or economies of scale in a state-supported public insurance system. Any plan that tries to compromise by having a mandate without a finance mechanism won’t be able to achieve universal coverage goals; any plan that doesn’t have a mandate isn’t even trying.

Since the presidential campaign, Obama has promised to achieve the liberal goal of universal coverage while speaking the conservative language of efficiency, positing universal coverage as a possible byproduct. Then, when challenged from the Left, he would try to hedge it by offering universal mandates without a finance mechanism, afraid to commit to either regulatory overhaul or a public option.

That changed last night. Read the rest of this entry »


Google-opoly: A New Twist

Posted: September 8th, 2009 | Author: | Filed under: Business, Journalism, Technology | Tags: , , , , | No Comments »

I spent the weekend engaged in an interesting snark-fest with Jeff Jarvis in the comments section of his blog. Jarvis was complaining about the many requests he gets from journalists working on ‘anti-Google’ stories looking for a quote. It’s not surprising that he gets the requests, since he’s written a book advocating Google’s business model as a blueprint for all companies. Indeed, I reached out to Jarvis for my own Google story a few weeks ago, but he was understandably busy.

Jarvis’ accusation was that journos are fabricating news stories out of scant fact in order to exorcise our own curmudgeonly demons when it comes to living in a digital world. I’d admit that bias plays a role in the tone of coverage of Google, but since most of the queries he referenced are about ANTITRUST stories, I’m not sure bias actually drives the decision TO cover Google in the first place or that the facts behind those stories are as thin as Jarvis suggests. Those stories only arise AFTER the government somewhere decides to investigate Google; then we report on the investigation. And as far as I know, no journalist has reported on a non-existent lawsuit yet. So I’m really not sure what Jarvis was ‘kvetching about, despite trying to get some clarity from him multiple times.

To the contrary, I’m even more convinced that the regulators have a real case to make against Google than I was when I first got into my tussle with Jarvis a few days ago. Read the rest of this entry »


Health Care, Revisited

Posted: September 5th, 2009 | Author: | Filed under: Economics, Politics | Tags: , , , | 2 Comments »

Before the President addresses Congress on Wednesday, I thought it was time to revisit health care reform.

Throughout the town-hall melodrama this summer, I have been struck by the focus, from liberals and conservatives alike, on the politics, rather than the policy merits, of reform. To some degree, that is the legacy of Hillarycare: the Clinton administration went so deep into closed-door policy sessions to actually produce a pretty decent bill, that they forgot to sell their plan politically and alienated all the constituencies they needed to get it passed.

Obama, by contrast, has become so preoccupied by having something—anything—to show for himself by year’s end, that he has tried to float above the policy debate, be all things to all people, and avoid tying himself to any specific proposals. (This is a recurrent problem with Obama’s liberal-tarian decision-making process.)

The result is that the right has been able to destroy all the major bills with surface-level claims about their political or ideological implications rather than engaging with their content. Read the rest of this entry »


I Told Ya So

Posted: August 31st, 2009 | Author: | Filed under: Business, Culture, Technology | Tags: , , , , | No Comments »

Virginia Heffernan’s column in the New York Times Magazine is one of the highlights of my weekend. It might be because she writes so wittily; it might be because I read the magazine on the treadmill and her column, which appears within the first ten pages, is often the last thing I read before I become too sweaty and tired to think straight.

But I digress.

Her column this week is about the Facebook Exodus, the impending backlash of users fleeing the site because they are frustrated with its increased busy-ness and diminished privacy. On the one hand, I think she nailed the trend. On the other hand, I’m a wee bit bitter since I’ve been saying as much on this blog and elsewhere for awhile, and I’m not alone.

What do you think? Can the Facebook bubble burst?


Apocalypse 30: Bellyaching in Britain

Posted: August 30th, 2009 | Author: | Filed under: Apocalypse Series, Britain, Business, Journalism, Technology | Tags: , , , | 1 Comment »

This past week saw the International Television Conference in Edinburgh, where various stars of British screen life pontificated on, what else, the future of media. The show stopper was a keynote lecture by James Murdoch where he railed against the BBC, Ofcom and government’s role in media more generally. His language was inflammatory and his politics insufferable, but I found myself agreeing with him about the economics of the emerging media model.

Here’s the core of his argument: we live in a world where there is no longer radio journalism and TV journalism and print journalism and web journalism, but simply journalism. Stories–whether told in words, pictures or sound–are all going to be transmitted the same way, as a combinations of 1s and 0s to be read on laptops and mobile phones. Murdoch calls this the “all-media market,” and the people who provide it “branded mediators.” Clumsy phrases, but they do the job. Read the rest of this entry »


On Ted

Posted: August 27th, 2009 | Author: | Filed under: Politics | Tags: , | 3 Comments »

Ted Kennedy was hardly my favorite politician. I have always looked askance at the politics of personality epitomized by the Kennedy clan and now, also, by the Obamas. I usually roll my eyes with indifference over sex scandals. I am unswayed by electoral pitches based on personal morality or emotional connection. Most of the Kennedy obits have emphasized–as his positive qualities–his oratory and his personal loyalty; and–as his failings–alcoholism and violence. Some write-ups have been eloquent, some banal, but to me, they felt irrelevant.

What I did respect about Ted Kennedy was his effectiveness. Read the rest of this entry »


Conspiracy Theory Monday

Posted: August 24th, 2009 | Author: | Filed under: Business, Technology | Tags: , , , , , | No Comments »

While others were beaching it up, I spent my weekend poring over the responses from Apple, Google and AT&T; to the FCC over the iPhone-GoogleVoice snafu. AT&T; essentially repeated its earlier statement, with more umph—it takes no responsibility for what happened and says Apple was acting alone.

Apple tried to hedge it, first claiming that the GoogleVoice application hasn’t been rejected but is ‘still under review’ then listing reasons why it might deserve to be rejected. A host of tech commenters, led by Michael Arrington, called the first claim a bald-faced lie, and I’m inclined to agree. The FCC wouldn’t be investigating this if the application-rejection hadn’t provided the smoking gun. The FCC would not launch an investigation if Google’s complaint was simply that the process was just taking too long.

On the second point, however, I’m inclined to think Apple has a point. Not a legal case, to be sure (on legal grounds, I fully support them getting an FCC walloping), but a business one. Read the rest of this entry »


Notes from the Googleplex

Posted: August 21st, 2009 | Author: | Filed under: Business, Journalism, Technology | Tags: , , , , , , | No Comments »

I’ll admit, I feel a wee bit smug today. After musing about Google for many many months on this blog, I’ve managed to report out some of my ideas about data-as-a-commodity in a cover story for the UK’s New Statesman. If you’re going to read it, I suggest you also read WIRED’s take on the subject. I was less than floored by the WIRED piece, but I am curious as to how you think they compare.

Beyond the satisfaction of getting this analysis out there, I found this project fascinating, not least because I learned that Google’s PR officer reads this blog and follows tech reporters on Twitter. That’s PR101, of course, but it’s notable that Google, for all its exceptionalist rhetoric, works just like any other firm of its size.

Finally, because my colleagues were in London, I was in New York and Google was in California, this piece was reported, written and edited at odd hours of day and night, with snippets of text sent between us over a veritable menagerie of technologies. We each took raw notes in Word, then posted them to a shared Google Document (for the uninitiated, this is a service that allows you to host a document on the web so multiple authors can see it). We outlined and drafted the piece on Adobe’s BuzzWord (a similar service that also allows to share comments on the document), and sometimes used GChat (Google’s instant messaging service) to tweak individual sentences or paragraphs before updating the central file. Then we fine tuned it with our editors in old fashioned Word attachments.

In the process, I learned what each of these software programs is best for: GoogleDocs is great for sharing big chunks of raw text, but useless for organization. Adobe is the best for comments and in that sense, the best collaborative tool, but it’s Flash-based and unsuited to older computers.  Word is the easiest place to get a holistic picture of whatever you’re working on without getting sucked into the minute-by-minute changes.

None of these programs offers you everything you need. For most of the last ten days, I had Word, Google Mail/Chat, Google Docs, and BuzzWord open at once. Usually, I was on the phone too. The frenzy was a reminder that there are limits on the world-flattening capacity of computers. In the end, the best writing happened when we were on the phone with one another, writing each sentence together instead of dividing the work, and with one of us taking centralized control for typing. In other words, we wrote best when we slowed down instead of using technology to speed us up. A sobering thought for tech-evangelists.

Updated: Memes travel fast. The BBC ‘s Maggie Shiels makes similar points about BookSearch.


Belated Thoughts on the Dear Leader

Posted: August 19th, 2009 | Author: | Filed under: Foreign Policy, Journalism | Tags: , , , | No Comments »

I’ve been thinking for a few days that I wanted to say something about Bill Clinton’s 11th hour trip to North Korea to negotiate the release of two American journalists held hostage by Kim Jong Il’s honchos.

While everyone’s thrilled that the journos are back safe, there has been much handwringing about whether it was acceptable to have a former President meet with a brutal dictator who routinely calls for this country’s demise, to have the two sit for joint photos and a meal, and whether, as some sources said, Clinton had given any sort of ‘apology,’ on behalf of the United States for the two women having entered NK to begin with. (It seems like he gave some verbal apology but did not bring any message on behalf of the government).

Personally, my relief at seeing the two journos come home rather outweighed any cringe reaction I had to the photographs. Moreover, when it comes to the actual fact of Clinton’s going there and answering Il’s request for the backchannel, I was pleased. See, by throwing a tantrum that effectively said “I want attention from a popular ex-leader,” Kim Jong Il acknowledged that he wants access to things of value in the international community, ie the status conferred by a meeting with Bill, and that his power domestically is in some way contingent on having that access. That means he can be bought.

That is, in essence, what Hillary Clinton meant when she compared NK to a petulant child begging for attention and suggested that it needed to be dealt with forcefully. Granted, force is the opposite of what Bill brought them last week, but the point is this: a regime that wants something from the United States is one that can be bargained with. The purpose of force, if it needs to be used, or Hillary’s strong language, is to push that regime to the point where the price at which it can be bought in bargaining is something we can stomach. Dinner with an ex-President, especially if it keeps that ex-President out of other people’s bedrooms, is a perfectly fine price for me.