Archive for the 'Opinion' Category

More on Greenspan

Thursday, February 17th, 2005

Scary. Is the one word to describe the lack of intelligence many members of the House Committee on Financial Services displayed in their questioning of Mr. Greenspan today. It was almost as if they had no idea what to ask about. Greenspan articulately answered questions which basically had no factual basis. He also fielded angry democratic banter, which predominantly made absolutely no sense. This disgusts me, especially coming from that side of the line.

In his second day of testimony on Capitol Hill. Greenspan was resolute, intelligent, and patient. As I said in my last blog, he displayed a vigilance in maintaining his opinion that we have a dire need to keep an eye on the increases in spending congress continues to make. Higher debt = problems in the future. Education = the future of our nation. Foreign investment is not so much a risk, but rather the propensity for Americans to invest in our OWN debt instruments presents a much more pertinent problem. Education is pivotal to the future of our great nation. He reiterated again that education is the only way to address inequality across the board. He stated that education is almost the most important issue we should be discussing.

There is one thing that I would like to point out to my general audience, which almost all of the members of congress missed. The Social Security fund is NOT liquid cash. The fund is generally retired into some kind of long-term treasury instrument, most often times a special flavor of bond desgined specifically for SS. But, congress is allowed to borrow against SS as it wishes. So, essentially they have this huge (1.5 trillion $ huge) pot of coin to borrow against. Just like when you or I have a large chunk of coin sitting in our savings account, or just like a credit card, you will think about spending that money. Groups behave the same way. So, Greenspan was resolute in pointing out that the privatization of these funds is a way to guarantee that this capital is pulled out of the federal budget pool. This can be pivotal to guaranteeing reduction in captial spending by congress. In turn guaranteeing a debt reduction. Which, he pointed out several times to be the most important issue facing the current adminstration. Let me repeat…debt REDUCTION.

In addition, privatization guarantees that the retirement system will be fully funded. As he pointed out, any retirement system needs to be fully funded. With congress borrowing heavily against the current SS system and the general reduction of incoming funds starting in 2008, we as a country face a significant decrease in the availability of funding for retirement. By shifting towards a privatized account system, it virtually guarantees funding of the retirement system. This is predomintantly due to the generally assumed fact that people tend to put money away adequately for the future.

There will undoubtedly be more on this from me as the issue heats up…;)

A wise man.

Thursday, February 17th, 2005

Alan Greenspan is brilliant. Absolutely off the wall brilliant. He is a credit to the economy and democracy that we all know and enjoy. Listening to him discuss Social Security on my way to work this morning on NPR was incredible. This man can take the most complex, sometimes overly complex, questions about the state of our nation and economy and turn them into intelligently articulated answers. Answers which defend the most simple economic building blocks of this society. Predominantly, he speaks like he is quoting Adam Smith’s The Wealth of Nations, defending economics itself. Listening to this as an Econ major, is almost a treat (Did I really just say that?).

At one point, a senator questioned him about his opinion on the export of jobs and resources overseas to places like China and India. How will this effect us in the long term? What competitive advantage do we have? Greenspan was articulate and concise in pointing out that the wealth of our nation lies in our intellect and the laws that protect us. He then continued to remind the congressmen that without concentrating resources on the development of our education system we are putting ourselves at a serious risk in the increasingly competitive global economy. Our ideas, our people, the constitution that protects our civil liberties. This is what makes this nation great. Without Education, we would not have what we have. I think he is wise (as always) to point out that Congress needs to spend time reconsidering the investment in education in America.

I’ll finish by saying, I believe in education. I believe in innovation and evolution in education. That’s part of the reason I my work involves education.

Social Security. Medicare. These are all important issues. But, will we spend time…and money…to ensure the future ideas that are ingredients of the American dream?

Stupid. Stupid. Tivo.

Tuesday, January 4th, 2005

Tivo has point blank decided to alienate an entire market. I have half a mind to call over there and try to get ahold of someone in their marketing department. The story goes something like this. I realize this blog is lengthly, but its worth the read.

I don’t watch much TV. I work a lot. I’ve been holding off on getting Tivo for some time, regardless of a few of my good buddies ravings about it. My co-worker and great friend Nate Johnson makes an insurmountable claim that Tivo is “the greatest invention of all time“. Now, I would expect the company that invented greatest invention of all time to also care more about their customers than just about any other company. Tivo doesn’t. In fact, they have alienated the entire youth (gen y/x, digital native, millennial, etc) market.

Let me digress. The principle reason that I have waited to purchase Tivo was that the original Tivo required that you HAD TO HAVE a land phone line in order to do the initial setup and to receive the programming information on a daily basis. Now, they fixed this in version two (supposedly). Excitedly, I checked Tivo’s website to figure out if version 2 did actually eliminate the need for a land phone line. I read through the new documentation to find that although you can now connect the Tivo box via wireless or ethernet in order to receive current programming into, you STILL NEED a land line for the initial setup (preemptive note: no mention here of the time needed for setup). Mind blown, I decide to call Tivo to ask if this is true. Conversation:

DM: I’d love to purchase Tivo for my place, but was curious if you absolutely have to have a land phone line in order to setup the box initially?
Tivo: Yes, you have to connect to a land phone line in order to download the initial system setup information.
DM: So, although you can now receive all kinds of information via ethernet concerning programming, you can’t download the initial setup information from the very same servers without a landline.
Tivo: Yes.
DM: Do you guys know that you are alienating an entire market of 18-24 year old people that have no need or desire for a land phone line? Do you have any plans to fix this in the future?
Tivo: Not that I currently know of. We recommend taking the box to your neighbor or friend’s house and connecting to a phone line there in order to run the initial setup.
DM: You want me to take it to a buddy’s house, move their TV from the wall, setup the cables, run a phone cord into their living room, use their TV and phone line to setup the Tivo, then take it back to my house where it will have no problem using my ethernet plugin to function from there on out?
Tivo: Yes, the initial setup download will take around 8 hours so you might want to leave it there overnight (duly noted).

Tivo, has lost its proverbial mind. The youth market has no need/want/desire to connect themselves to a land line, let alone the consumer market in the aggregate (I’ll dig up the dwindling statistics if I have to). They don’t even remember what being tied to a wall was like. The fact that they require one in the first place is barrier enough to entry. That there is even a “recommendation” in place involving taking a consumer electronic of this size into someone else’s living room to set it up (for 8 hours), is mind blowing in itself. Was this decision made in a meeting at 4:30 on a friday afternoon?

By alienating your most important market and leaving a gap the size of texas in your market strategy you show a lack of compassion that has been known to destroy larger companies. Tivo: live up to your golden marketing reputation that has the aggregate loving you and madison avenue hating you, adapt your product to your customers, don’t make them adapt to you.

Heroes Are Few and Far Between

Sunday, October 17th, 2004

By Ryan Bruels
www.bruels.com

I remember September 11, 2001 very well, as I’m sure most of my generation always will. Older folks call that day our generation’s Pearl Harbor, but I’ve never subscribed to that. Pearl Harbor and September 11 were both tragic events, unique and separate, both deserved of their own mark in history. But I appreciate the sentiment.

On September 12, every American was filled with dread, confusion, and a question — would we ever return to the way things were? And here, just over three years later, we know the answer to that. Of course things could never return to the way things were before that day. But we’ve bound together, as Americans do, and pushed forward to overcome the insurmountable. But have we really?

We’ve allowed ourselves to fall victim to another enemy. Also on September 12, our nation’s Culture of Fear began to develop. Three years later, it was in its prime. Every day we hear warnings — the terrorists will strike us again. Every day we conform our lives to the latest color of our nationwide threat warning. We shed our shoes for the x-ray machines at airports, and watch as a sobbing Muslim peace activist is sent away from his former home at the whim of a vague terrorist watch list. Our fellow men and women are dying thousands of miles from their homes for an unknown cause, and we watch passively. After all, if we don’t support the war, we’re not patriots. The media concentrates on the dramatic and the controversial — the gay governors, the military record of a soldier thirty years discharged, the bump on a president’s back during a scripted debate. We pit together the two sides of our “democratic” political system, ignoring the third parties and still concentrate on the stale talking points of presidential candidates long expired. Meanwhile, in the background, voting machines crash and are left untested, law enforcement officers peruse our library records unchecked, fellow citizens are surveilled and held indefinitely without trial, and Muslim Americans look around, wondering when the next sneer or verbal attack will get thrown at them in ignorance.

Heroes have been hard to find in these troubled days. The firefighters and police officers, so revered and heralded on September 12, have been handed pink slips and decreased funding. Our soldiers kill our Middle Eastern brethren without knowing exactly why. Teachers find themselves forced to conform to a massively-underfunded education initiative, instead of doing what they do best. Our heroes are again false idols — not the teachers, not the social workers, not the firefighters. Maybe a rude and demeaning athelete selling lots of tacky yellow wristbands — trendy with the frat boys, of course — to weakly promote a self-progressing cause. Movie stars who travel the high seas to meet with savage dictators, reporting back to the world just how wonderful the “leaders” are as their citizens live under relentless fear. A president who thinks women shouldn’t have control over their bodies and has taken scientific progress in this country generations backwards. Admit it to yourself: when was the last time you looked at someone and truly felt the spiritual rise that comes when you see a true human hero?

I think I felt that feeling yesterday, and I felt it during CNN’s Crossfire. Jon Stewart, of Comedy Central’s Daily Show fame, sat across from two of the media’s talking-points sheep: Paul Begala and Tucker Carlson. He was on, officially, to promote his new book (America: The Book), but what he actually came out with may very well change the face of American media.

Stewart used his time to verbally slap the network and the media for being “dishonest” and “doing a disservice” to the American public. After co-host Tucker Carlson suggested that Stewart went easy on Senator John Kerry when the candidate was a guest on “The Daily Show,” Stewart unloaded on “Crossfire,” calling hosts Carlson and Paul Begala “partisan hacks” and chiding them for not raising the level of discourse on their show beyond sloganeering.

“What you do is not honest. What you do is partisan hackery,” Stewart said. “You have a responsibility to the public discourse, and you fail miserably.

“I watch your show every day, and it kills me. It’s so painful to watch,” Stewart added as it became apparent that the comedian was not joking. He went on to hammer the network, and the media in general, for its coverage of the presidential debates. Stewart said it was a disservice to viewers to immediately seek reaction from campaign insiders and presidential cheerleaders following the debates, noting that the debates’ famed “Spin Alley” should be called “Deception Lane.”

MTV

The hosts were left completely dazed and out of their game. It left Tucker Carlson (whom Stewart called a “dick”, and was completely right in doing so) completely vulnerable, and attempting to laugh it off while being visibly shaken. Both hosts tried to get him to “be funny” and try to bring the show back under their control, but it didn’t happen. Stewart remained stalwart and fired back his complaints and his pleas to the modern America media. “I’m not going to be your monkey,” he said to Carlson.

He’s not unlike so many of our fellow citizens, who do actually go out every day and stand up for what’s right and good in this world. But in our Culture of Fear, those people don’t get much public airtime. Jon Stewart is immersed in that culture — after all, it is propogated by the media — and he could have just sat in that chair, promoted his book, and as he put it, been a good monkey to the media giants. But he didn’t. And he’ll be hated for it across the television and radio masses. But he held his ground steadfast, he stood up for his country, he stood up against all that’s wrong in the media, and you know — he stood up for us. It was an amazing moment. And it’s not his first time. That day so long ago, September 11, 2001, he stood up and did the same thing. Spoke for a confused country, and without any political buzzwords or ignorant go-get-em! speeches. He spoke as an American, and he hasn’t let up since that day. The Daily Show’s satire and political commentary has given a perspective on this country that is funny, as he says, only in its absurd truthfulness. As an outsider from the mainstream media, he can speak his mind outside the political talking points, and God help us, help people realize there are real problems in this country. We’re immune to fear and sadness now, complacent as we are three years later; maybe humor is the way into our collective minds again.

Thank you, Jon Stewart. If there were a million more like you, we’d be in a lot better of a place right now. As for your plea, I hope it worked … you may have brought a lot of people back to reality, and with luck, it can make a difference and bring back the true nature of the United States.

“‘Subliminable’ is not a punchline anymore. One day it will become that again. Lord willing, it will become that again, because it means that we will have ridden out the storm.”

Relevant Links:

A Lost Nuke?

Tuesday, September 14th, 2004

Does this bother anyone else? This seriously troubles me. How do we loose a thermonuclear bomb? Why wasn’t it found earlier? Why were they using a real nuke for “practice”? Seems a placebo weighted similarly would suffice.

“The report also estimated it would take as long as five years and cost $5 million to $11 million to recover the bomb.”

To me this is money well spent. What if we’d spent $5 million making sure Savanah isn’t vaporized in the next 10 years? What if we’d launched 10 less of these that first night in Baghdad? A thermonuclear bomb sitting on the coast of Georgia just doesn’t make my homeland feel any safer.

“The United States lost 11 nuclear bombs in accidents during the Cold War that were never recovered, according to the Brookings Institution, a Washington think tank.

An estimated 50 nuclear warheads, most of them from the former Soviet Union, still lie on the bottom of the world’s oceans, according to the environmental group Greenpeace.”

Why did we go through Posted in Opinion | 2 Comments »