The schism between the old and the new in the economy was highlighted today as those who have been resisting the concept of an inevitable U.S. recession were forced into capitulation by the revision of 4th Quarter 2007 GDP, which showed a decline rather than a gain. Although the 2nd Quarter of ‘08 showed a [...]
The markets are up today…and a few companies that I was concerned about beat earnings. This ordinarily should be good news, and in a lot of ways it is. I am very glad that oil is starting to show some signs of cracking. Whether this is sustainable will surely take some time to decipher, and [...]
Here are the notes from the Social Media Club LA meeting at Mahalo. @BrianSolis, @NicoleJordan, @JackiePeters, @Richman17 and @Chiropractic were the panel. Define "Social Media": Anything that facilitates conversations online. 3rd wave of communications – 1 direct, 2 interaction with site, 3rd – interaction with each other. Shift away from email. Analogy to business is [...]
One thing I admire about older people is when they continue to stretch their minds and learn new subjects into their later years. I hope that no matter what happens to me physically or otherwise that I can retain the curiosity that makes life interesting and inspires me to keep digging into new subjects. One [...]
One area that has yet to “bottom” in any sense, and one that unfortunately does not appear to be improving anytime soon is the housing market. This news today from Bloomberg is unsurprising, but nevertheless sad to hear: Foreclosures Rose 53% in June, Bank Seizures Triple U.S. foreclosure filings rose 53 percent in June from [...]
Although it is hard to think we are nearing a bottom in the credit crisis when Bridgewater comes out with estimates that losses will reach $1.6T (topping Mr. John Paulson’s estimates of $1.2T this Spring), there are emerging signs that the “crisis” has become consensus and that perhaps we are nearing some kind of bottom [...]
Here are my notes from President Clinton's excellent speech at the Aspen Ideas Festival. Also, if you are interested here is a video of the speech: A Conversation with President William J. Clinton. I should also note (due to a comment below) that these notes, while extensive, are obviously incomplete. Intelligence and effort are evenly [...]
I just left a panel discussion on the challenges of the future of the Internet and how the government might be able to address it. The most promising data point from the talk came after it was over. Clay Shirky told me that the Navy Seals are using a mashup of Twitter, Google Maps and [...]