Piaw Na
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18 hours ago - Link
Highest unemployment in 26 years. So who's buying those iPhones and Kindles? - Piaw Na
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Paul Buchheit posted a link
Tuesday at 5:30 am - via Bookmarklet - Link
"So there you have it. If you want to achieve 50 years of almost continuous growth, you now know what you have to do: abolish management and get rid of all the employees." - Paul Buchheit via Bookmarklet
cause and effect are not what they seem, in one sense there have never been managers and employers, they have all been sailing to the same wind, not caused by any of them - Gregory Lent
perfect answer...there's a solution we can all try...LOL - Susan Beebe (Santa Claus)
Very cool. A couple of interesting articles about W L Gore and its unique work culture from Fast Company : http://www.fastcompany.com/mag... , http://www.fastcompany.com/mag... - Vikram Shenoy
What's interesting is that they were sustainably this way for 50 years. My theory is that this can only happen if you grow slowly (i.e., not at VC-funded rates) - Piaw Na
off-topic: If you change the authorised = false to true in the URL, you don't have to register to read the article. Just a time and hassle saver if anyone's interested. :} - vijay
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Piaw Na shared an item on Google Reader
Wednesday at 4:19 pm - Link
Not that I need one, having already got a blackberry. But if this had international coverage, it'd come in real handy. - Piaw Na
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Wednesday at 2:54 pm - Link
I love DeLong's demolition of the Von Mises. - Piaw Na
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Wednesday at 12:17 pm - Link
This does not obviate Krugman's point, which is that dropping interest rates down to zero will still do nothing for the economy, and Fiscal policy is pretty much the way to go now. Besides, if banks aren't lending any more, that's the definition of a liquidity trap! - Piaw Na
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Piaw Na shared an item on Google Reader
Wednesday at 10:17 am - Link
When it comes to healthcare, paying more doesn't get you better. In fact, as the US keeps showing, paying more can get you a lot less. - Piaw Na
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Piaw Na shared an item on Google Reader
Wednesday at 8:14 am - Link
The Chinese are continuing to play the mercantilist game. This could lead to another Smoot-Hawley. - Piaw Na
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Piaw Na shared an item on Google Reader
Monday at 10:02 am - Link
For once, the Canadians are acting even dumber than the Americans. - Piaw Na
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Crystal English posted a message on Twitter
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Victor Ganata shared an item on Google Reader
Monday at 4:31 am - Link
Microsoft lost their way when they forgot to focus on backwards compatibility. In a world where useful alternatives exist, that's their big advantage and they screwed themselves. - Piaw Na
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Piaw Na shared an item on Google Reader
Sunday at 10:08 pm - Link
A good analysis of the Obama economic team versus the Bush one. Note that none of the well-known economists on this list (with the notable exception of Krugman and Roubini) called the housing bubble. - Piaw Na
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Piaw Na shared an item on Google Reader
Sunday at 9:31 pm - Link
Tanta will be missed. She was a great blogger, and an excellent educator of all things mortgage related. - Piaw Na
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Sunday at 8:55 pm - Link
George Will's salary does depend on him not understanding Keynes --- especially if he wants a job at the Heritage Foundation or some other conservative (or libertarian) think-tank. - Piaw Na
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Jess Lee posted a link
CEO Compensation - Japan vs US
November 28 at 6:42 pm - via Bookmarklet - Link
Mitsubishi UFJ paid $8.1M to its top 14 executives. Morgan Stanley's CEO alone took home 5 times that amount -- $41.4M. - Jess Lee via Bookmarklet
GM's CEO makes 16x the CEO of Toyota. And look where it got them... - Mike Brzozowski
In the case of C-level executives, paying less gets you more. Salary of Warren Buffet: $100,000/year. Bill Gates also worked for a ridiculously low sum of $300k, back during the hey-day of Microsoft - Piaw Na
Blog
Paul Graham posted an entry on Paul Graham: Essays
November 29 at 3:19 am - Link
This works in the web 2.0 world, where a reliability failure (like twitter's frequent outages) has no real consequences. I would not want my bank to take this attitude to its accounting software, nor would I want the medical X-ray manufacturer to take this attitude --- "oh yeah, the worst that happens is we kill a couple of folks while we push a new release." For good reason, you don't see car owners lobbying for an elimination of crash test standards and other expensive checks. - Piaw Na
This rings true on so many levels. In particular, we easily spend half the price of our product just on selling it to the people who want it. - Gabe
Piaw, car manufacturers don't have to build multiple instances of a production ready vehicle and crash-test it for *every* change, nor do non-critical changes (paint colors, UI changes) ever have to be crash-tested. Frequently, software developers are forced to get approval for things that could be released immediately, or at least tested on the live system with A/B testing. This forces systems to be built for graceful recovery from failures, a more robust approach. - Michael R. Bernstein
Oh, and in any case, PG's post was about disproportionately expensive tests and tests with hidden costs, like approval processes. I'm pretty sure the developer group he was talking about have a comprehensive test-suite for their system, so it's not like they were talking about immediately releasing untested code, just *unapproved* code. - Michael R. Bernstein
off-topic quote ;-) 'If you want to build a ship, don‘t drum up the men to gather wood, divide the work and give orders. Instead, teach them to yearn for the vast and endless sea.' -Antoine de Saint-Exupery - Adriano
Just about everyone working at a software company of any size would agree that this is a real phenomenon, and Graham does a good job of pointing out why it occurs, and what purpose it serves (i.e. it's important to weigh both benefits and costs of process). I believe the only way to avoid unnecessary process is for everyone in the company to push back, and to have a culture where asking for forgiveness rather than permission is acceptable. - Joel Webber
Mike, I'm not proposing that dot coms start having massive approval processes, just that it's not appropriate for software when people's lives (or financial balances) are involved. Intel's recall for a floating point problem cost way more than having effective testing would have. Of course, I'm an anachronism these days --- concern about reliability is so old fashioned. - Piaw Na
Small companies generally have small development teams and small numbers of users, both of which make it easy to ship quickly. - Gabe
I think costly checks grow when one group of people is affected by another group's errors. That tends to happen when groups insist on ownership of critical facilities (both infrastructural, like networking, and organizational, like PR) and set themselves up as gatekeepers. "Us and them" dynamics set in on both sides, and the problems make the gatekeepers be even more gatekeepery. - ⓞnor
Agree with @nor about multiple groups. If my group pays the cost but your group benefits from some change, I have an incentive to say No to your change. And you have an incentive to say Yes, because you're not paying the cost but you get all the benefit. This also happens if you take your kids Christmas shopping… - Amit Patel
Right, and if a single group bears both costs and rewards, they can make intelligent tradeoffs, and have an incentive to develop efficient safeguards. But developing the kind of partitioning, self-service infrastructure, and chargebacks necessary for that has its own costs (in many cases defeating the economies of scale that make big companies successful in the first place!). - ⓞnor
"If you're hard enough to sell to, the people who are best at making things don't want to bother. The only people who will sell to you are companies that specialize in selling to you." - j1m
Piaw, as far as I understand it x-ray machines were in "unstable beta" hurting people's health longer than most web sites... http://www.museumofquackery.co... - Philipp Lenssen
one problem is that although thorough testing may cost less than a recall, the thorough testing has to happen every time & the recall may only happen one in 10 or more, so it may still not be cost efficient :-( what programmers hate (in my experience, anyway) is the idea that the work they're doing is not used or, even worse, causes more work for others. We like to think we make the world better ;-) *crosses fingers* - immaterial
The people responsible for developing new features don't necessarily have to be the ones productionizing and handling all the details of running the live service, although of course they need to be connected to their users to make a decent product. I think the open-source model might have some benefits here—random people might throw out innovative but half-baked pieces of code, then others might develop them into a finished product. - Jim Norris
When downside costs a lot (Google.com, VISA, etc.) you should have enough process. When lack of success costs a lot (most startups) you should do whatever works! The intersection (early-stage product at big company) is where a lot of problems happen. - Michael Herf
It seems like most folks are really bad at assessing the costs (and opportunity-costs) of intangibles. This may be one reason why most people are overly risk-averse. In any case, creativity and innovation increasingly suffer as these checks against adverse outcomes grow and their hidden costs multiply. - Gordon Vaughan
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Piaw Na shared an item on Google Reader
November 29 at 11:09 am - Link
Even though it's in China's interest to raise wages for its workers, it won't happen because Western interests are for low costs no matter what. We're exporting our Walmart-style economy to developing nations. - Piaw Na
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DeWitt Clinton posted a link
DefectiveByDesign.org | The Campaign to Eliminate DRM
November 28 at 10:47 pm - via Bookmarklet - Link
"Say NO to DRM!" -Defective By Design's 35 Days Against DRM campaign by the Free Software Foundation - DeWitt Clinton via Bookmarklet
The irony is that DRM is much worse for publishers/record labels than it is for the manufacturers. DRM songs didn't hurt ipod sales (and Kindle DRM isn't hurting Kindle sales). But what happens is that consumers who buy in are now tied to the manufacturer's store. This eventually ensures that one manufacturer (Apple) gets all the customer's future money for content, which then leads to lower bargaining power for the record labels/publishers. - Piaw Na
@Piaw Na- Unfortunately the logic behind that reasoning is not immediately apparent to a greedy record label, motivated by the short-term desire to retain distributive control. If only record labels were as logical as you :-( - David Adam
David --- I'm surprised the EFF hasn't been making that argument better known. - Piaw Na
So am I to be honest. In fact, your conclusion hadn't even occurred to me until you explained it, and I have more than a passing interest in the issue. I have my doubts that record labels have thought about this enough to draw the link between their DRM and Apple's increasing bargaining clout. If they have, they show no sign that they're doing anything about it. - David Adam
I think they've realized it, which is why Amazon.com now is able to sell DRM free tracks (albeit low quality ones). I just think it's too late for them to do anything about it now that ipod/iphone has critical mass. It's not too late for book publishers to worry about Amazon.com's kindle, but they're dragging their feet even putting up e-books for sale, so I think they too will be blind-sided. - Piaw Na
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Piaw Na shared an item on Google Reader
November 28 at 1:27 pm - Link
Krugman channels Keynes, takes aim, and scores! - Piaw Na
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Piaw Na posted a message on Facebook
“Piaw is preparing to return to California.”
November 26 at 3:27 am - Link
Thanks man! Looking forward to great food. :) - Piaw Na
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Piaw Na shared an item on Google Reader
November 27 at 9:04 am - Link
Our standards for our current president is so low that when the president-to-be actually pays attention to questions, rather than having talking points, we consider it amazing. - Piaw Na
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Jess Lee posted a link
Why Permanent Tax Cuts Are the Best Stimulus - WSJ.com
November 26 at 10:18 am - via Bookmarklet - Link
He says "But government spending does not address the causes of the weak economy, which has been pulled down by a housing slump, a financial crisis and a bout of high energy prices, and where expectations of future income and employment growth are low." But isn't the point of the "increase in government spending" to create jobs and increase productivity, which would be addressing the causes of the weak economy? - darren
When the economy's good, we can afford tax cuts. When the economy's bad, we need tax cuts to stimulate the economy. - Jim Norris
First, make a commitment, passed into law, to keep all income-tax rates were they are now, effectively making current tax rates permanent." So we should fix the tax rates at a fairly regressive level, as opposed to Obama's existing proposal to give permanent tax cuts to those in the middle class most likely to spend? - Joel Webber
The conservative policy solution: tax cuts. No matter the problem. It was the solution for the surplus, it was solution for 9/11, and it's now the solution to a big bubble bursting. I'm surprised they didn't propose it as a solution to the Tsunami or to the War in Iraq. - Piaw Na
Piaw Na, what did Hoover do, and what party was he from? - Chris White
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Lindsay Donaghe posted a message
“Can someone explain to me how the people who have, in a big way, by their management decisions, have caused most of the economic problems the US has right now are still keeping their jobs? If I perform badly I lose my job because I am judged not competent to do it. Why are these people exempt?”
November 25 at 12:03 pm - Link
Specifically this is related to the CEOs for banks, the auto industry, brokerships and mortgage insurance companies, but I'm sure there are many smaller examples that we just haven't heard about on the news yet... - Lindsay Donaghe
Power politics -- some people are just pawns, others have dirt on others, some want favours in return. - Shey
Because the people who are deciding if they get to keep their jobs, board members and (to a pretty big extent these days) the United States Congress, are ALSO not competent. Duh. ;) (That's the difference. Your boss is probably MUCH better at his job than, say, Lindsey Graham.). - James Williams (willia4)
They have friends in high places - it's not what you know it's who you know I guess :-/ - Flippity
And they still have loads of money and money talks. - Jill, Superhero Librarian
It seems to me, if we, the taxpayers, are going to have to bail them out, we should be on the board... And get rid of them... - Lindsay Donaghe
friendship. Loyalty. Know where the bodies are buried. CEO or Board know them and give them a pardon because the decisions can be traced back to them. - L0GiX
It takes time to get rid of bad decision makers at the top of corporations - look how long Jerry Yang hung on. - Brian Sullivan
Lindsay, your talking too much sense. That does not compute in Corporate Bottom Line beliefs. Easier to fire tons of people so you can continue to fund the rest of the budget. - L0GiX
It makes me hope that Karma is real. - Lindsay Donaghe
i think a couple of factors play into this - 1) the complexity of the problem and the fact that so many different factors are complicit has made it difficult enough for people to comprehend what exactly caused the crisis 2) i think that the fragility of the economy as a whole, the depth of the problem and the size of these institutions caused those who would have had a megaphone large enough to assign blame to specific individuals to temper their criticisms for fear of causing further damage to the economy - Marco (aureliusmaximus)
If they want a bail out, I want to see that all the Execs cut their own salary, Lose the extravagant extras (Cars, Limos, Planes, Exec Suites, etc...) then re-evaluate projects and come to congress with a business plan as to what will happen with proof of how they will pay back the money. Ya know like every other small business person has to do with the banks. - L0GiX
I think it is a combination of fear and pragmatism - these are the people who have dug us into the mess, but they (and their management staffs) hold the wealth of institutional knowledge. The fear is that if you ousted them, they'd take their golden parachutes and senior staff with them, leaving an even larger mess for a transitional team to tackle. This goes more to morale and administrative ends than the financial ones, but it can be pretty significant. - Jennifer Dittrich
Meh, off with their heads. I'm sure we could do some research and point to specific factors that could have been controlled to avoid this. At this point, though, I just say off with their heads. - ♫ Rahsheen ™ ★
Why was companies allowed to borrow money for their General Fund at all?? Isn't that just stupid business practices? I can understand for projects, products, and expansions, but if you can't pay for those things after a while or they don't pay back, the company should take a loss and deal with the pain in that. Its basically part of the free market. - L0GiX
I wonder why I have to keep paying on my credit cards. I want a bail out!!!! - Lori Reed
@Jennifer - They shouldn't be allowed to keep their parachutes. That's part of the penalty of screwing over the rest of us. They should definitely have to give up their perks and bonuses. They can keep their jobs as long as they take a huge paycut in an effort to fix the financials of the company itself. - Lindsay Donaghe
From The Wire: “Carver: You know, this is why I think we can’t win this. Hauk: How come? Carver: They screw up, they get beaten. We screw up, we get a pension. “ - Louis Simoneau
I guess meritocracy is dead. And we wonder why kids are so entitled these days. - Victor Ganata
This does not teach children anything good. If you become big enough and connected enough you can get away with anything, then be paid to keep on doing it. - Chris W
I've wondered the same thing about many politicians. - Jason Kaneshiro
The theory is that these people can perform executive work better than anyone else. Kinda the same reason that you generally see the same head coaches in sports leagues, over and over and over. In addition, some of these people have signed contracts specifying compensation and bonus levels, and the companies have agreed - again, because they figure they can't get anyone better. If a board of directors were to refuse to pay a previously negotiated bonus, a nasty lawsuit would probably result. - Ontario Emperor
Ontario Emperor, The company could ask the Government to release them from the contract as part of the bail out or the Govt could make those contracts null and void since the companies only other alternative was to close where the exec would receive nothing. - Chris W
Or the executives could give up the bonuses voluntarily. - Ontario Emperor
Turns out that back in June, Lehman's two top executives (CEO Dick Fuld and President Bart McDade) offered to do just that. http://www.marketwatch.com/new... Not sure if they followed through. - Ontario Emperor
@Ontario - Contracts are valid only if both sides live up to them. If you don't do your job or do it poorly then the contract should be null or void unless you somehow got it worked in that you're not responsible for your performance. I don't get that argument. And it's obvious that these people can't do their jobs better than anyone else... because I'm sure there is someone else that could have done it better or they wouldn't all be in this mess. - Lindsay Donaghe
I still think it's Canada. - tehKenny
Capitalism is for the little people. If you're rich and a CEO, you get to get socialism and government bailouts. - Piaw Na
They structure their escape plan/parachute before they come forward asking for our help. - Steve Frick
I like Rasheen's solution. Seriously believe part of this is an old boy network mentality. CEO's I have met are either out of the loop or have too many yes men and poor advisors pecking about. - jlt
Blog
Piaw Na posted an entry on Piaw's Blog
November 25 at 12:54 pm - Link
I haven't read the book, only your review. A threshold amount of talent may be a necessary, but not sufficient condition for success, i.e., people below a certain level of talent are unlikely to take up and continue the years of deliberate practice needed. Beyond the threshold, however, the degree of native talent may be of less consequence. My take is influenced by Dean Simonton's _Origins of Genius_, which I'm in the midst of reading. - Ruchira S. Datta
That's pretty much what the book's about. - Piaw Na
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Steven Perez posted a link
More Americans are getting on the bus | U.S. | Reuters
November 25 at 9:48 pm - via Bookmarklet - Link
"Many Americans have abandoned their love of getting behind the wheel during the last year, and opted to hop on buses instead, according to a study released this week. Inter-city bus service jumped 9.8 percent between the fourth quarters of 2007 and 2008, the highest growth rate in more than 40 years." - Steven Perez via Bookmarklet
I'll believe it when I see it. - Piaw Na
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Piaw Na shared an item on Google Reader
November 25 at 2:00 pm - Link
Looks like Kindle just went past the tipping point. So much for Steve Job's "Nobody reads any more." - Piaw Na
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Piaw Na shared an item on Google Reader
November 25 at 10:51 am - Link
Conservative policy prescription: Tax cuts for the over $300k a year crowd. What was the economic problem? - Piaw Na
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Piaw Na shared an item on Google Reader
November 25 at 9:35 am - Link
Yup. Neither Stiglitz & Krugman are team players. But In many ways, I'd rather have them by the sidelines to keep the Obama administration honest. - Piaw Na
Backtype
Danielle Fong commented on a blog post on Backtype
November 24 at 11:47 am - Link
"What's the actual figure? Do you have another explanation for the receding ice caps, then? Do you have a different prediction for the greenland glacier?" - Danielle Fong
And in fact, the receding ice caps are receding much faster than previous models predicted, so I'd say that Global warming predictions are under-estimated, rather than being over-estimated. - Piaw Na
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Piaw Na shared an item on Google Reader
November 24 at 2:18 pm - Link
A great explanation about how social security works. - Piaw Na
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