Archive for January, 2009

More Delaying Change

Posted by Eric, 23:26, January 29, 2009
Govt, Virtual-Reality Detachment, Waste of Electrons / No Comments

Skipping an opportunity to get some distance from Bush and the neo-cons while still saving safe, republican members of the House are choosing not to play nice with Obama and the democratic majorities.  Most recently, they flexed their muscle voting against the DTV delay.  As mentioned previously, I do not support a delay, but I find the disparity between the House and Senate votes, as detailed by Nate Silver, to be fascinating.

I look forward to increased mobile data bandwidth, and fear the lack of organization regarding the transition, but I am most shocked by the unwillingness of the republicans to at least consider taking the olive branches being extended.  At this rate, the democratic congressional majorities will get bored of Obama’s call of bipartisanship, and we will be back to the normal party-line beatdowns by March.

At least I will be able to witness the same tired circles over faster mobile bandwidth…

Delaying Change

Posted by Eric, 14:27, January 27, 2009
Govt, Virtual-Reality Detachment, Waste of Electrons / 1 Comment

It was announced yesterday that the conversion to digital television will be delayed if passed by the house. I have found this entire process to be rediculous. The country chooses to change the way that the opiate of the masses is administered, and then it turns out that both the government and the masses are too awkward to actually convert.

As a taxpayer, I find it rediculous that we are paying to offset the cost of a converter. As an intellectual, I would enjoy seeing a little bit of pandemonium as some TVs go off, and community members are forced to actually make human contact and ask for help or find a library.

There is a great deal of unhappiness regarding the overtaxed call centers to help viewers deal with the problem. I think it is unfortunate that there are national call centers at all. I would prefer that communities get together and offer to help those that need it. I have not heard a single report about a community volunteer day to help the elderly and the technologically uninclined make the switch. Off-duty municipal employees could offer to help, and meet some of the needy that they serve, creating some much needed bonds between the population and the enterprises of authority. It could be a chance for a resident weary of police to be graciously assisted by an off-duty officer, and change a mind or at least spark a conversation. I am sure that enthusiast groups would have been happy to assist in their local areas, had someone simply asked.

It is comical that we are spending tax dollars on subsidizing the boxes, it is unfortunate that we are spending tax dollars on massive call centers without getting communities involved, and it is rediculous that our President, House, and Senate are spending time on this issue when there are much more pressing needs.

I would much rather have some of our problems solved but broadcasted to fewer than have our government’s continued shortcomings broadcasted to a larger audience. 

Update (1/28/09 15:32):  The house has not passed the bill to delay the transition.  Now things will get interesting.

Old Vik Just Does Not Get It

Posted by Eric, 20:33, January 26, 2009
Cache In, Govt, Virtual-Reality Detachment / No Comments

Humungous bonuses, million-dollar office renovations, and billion-dollar bailouts are all pretty foreign to the “average American”, but it has become clear that the symbol of bailout excess is the private jet. Private air travel remains a fantasy to the vast majority of people in the world, and it is associated with a sexy and exciting lifestyle. It is exactly the association that a recipient of TARP funds would like to avoid right now.

Despite their more than 2,500 majority-owned subsidiaries which could have held the jet in name, Citi agreed to purchase a new ~$50M Dassault Falcon 7X. Running down the checklist of TARP-recipient media-focus no-nos, the plane is:

  1. Private, sexy, and expensive.

  2. French (even through there is not a NA competitor, and they will probably talk about how the interior will get tricked out in Delaware now that they are getting slammed).

  3. Being welcomed into the stable when Citi is very loudly getting rid of older planes.

I am willing to buy the argument that international companies need to have private planes that can safely move executives to various business arms, but this transaction shows bad judgement on the part of Citi, and especially the current leadership. Very recently, Citi went out of their way to make it known that they were stopping leases or otherwise putting aircraft on the market, as a PR move to make it seem like they were cutting costs. However, simply clearing out the stable to make room for a better jet shows that the leadership of Citi just does not get it. If the jet was agreed to be acquired before the receipt of TARP funds, Citi needs to start explaining that loudly, and convince the media that the costs were sunk when times were good.

By allowing something so misguided, Citi’s board and leadership are showing the world that they simply do not understand how a de-facto nationalized company works. It is time to send them packing from 399 Park Ave. The company is no longer the financial conglomerate that the leadership is used to, and Pandit’s disclosures have made Apple look open and honest in comparison. I do not believe that Pandit, Crittenden, and the board will be able to adapt to the new world that Citi is rushing the financial world into. Be it a problem of emotion, ego, or resistance to change, this class simply does not know how to deal with an aware and irate public.

 

Disclosure: I own common equity shares of Citi.

 

Update (1/27/09 01:17):  It is coming to light that Citi did commit to purchase the plane several years ago.  The London PR division must be waking up…

Update (1/27/09 15:25):  Citi is giving up the plane for now.

Patch or Fix?

Posted by Eric, 15:26, January 26, 2009
Cache In, Cyberlaw, Govt, Moving Forward, Whose Data? / No Comments

 The digitalization of health care records is snowballing in the media. Many of the problems not related to the budget for this activity center on privacy and data security.

Departing for a moment from the conventional arguments, I want to explore why this privacy is necessary, and if there is anything that could be done to reduce the need for privacy, and the gravity of the breaches that will certainly come.

Our current healthcare system is obviously on the over-the-hill side of an insurance system life-cycle. Given a lengthy time period, any open insurance system will end in failure, as the rising premiums price out more and more potential contributors. For a moment, accept that we have a market failure in the US for health insurance. What do we do? The free market answer is to let the system fail, take down the health insurers and the current health care pricing models with it, and then start over with another free market system. If we were talking about something that was not life saving, everyone would be screaming to let it go and rebuild already, as the population does about the bank and automaker woes. However, due to the incredibly emotional nature of health care, and the dire individual consequences of having a system in flux, prepackaged bankruptcy and reorganization does not seem to be an acceptable course of action.

Assuming that the free market approach will end soon in the health insurance companies going under, this gives us more freedom to explore other options. For health care, the obvious solution continually centers on nationalization. I say that understanding fully that my individual health care would probably get worse, at least for awhile. Many people with premium health insurance options feel the same way, and state that they are compromising by either simply saying no to another option, or accepting the thought of a nationalized healthcare system but insisting that there be supplemental paid insurance (a model that would compromise the baseline healthcare, and get us right back to the problem we are experiencing now). As a population, we treat healthcare in a much different way than cars or banks when we discuss its possible failure, so why are we so averse to treating it differently in “normal” operation?

Now armed with the assumption of health care nationalization, let’s move on to the privacy aspect, and why it is important right now. In our culture, being sick is often embarrassing, and many choose to hide their illnesses from friends, family, coworkers, and as we have seen lately, investors. This behavior is understandable, as there are currently all types of discrimination against the sick. Some of this discrimination comes from the fact that the sick might not be covered by health insurance, and if they are denied their claim, they are more or less out of luck because of the comical healthcare pricing in our current system. At the same time, the illnesses are often discovered at much more advanced stages because we have a medical care system that discourages preventative care.

The argument that our system discourages preventative care can be summed up by the “pre-existing condition”. If one switches providers or loses insurance for a period of time, as is common in the US since we have a system primarily dependent on employer-based health care, they may be ineligible for insured healthcare from a new provider for conditions diagnosed previously. This creates an incentive to remain ignorant of health problems so they will not have to be paid out of pocket in the event of an emergency. By creating a system where the insured have an incentive not to catch possible problems early, and to avoid things like genetic testing, we have defeated our insurance system from within. The current system forces out many of the sick, but does not give discounts to the healthiest users to make up for this. This provides a disincentive for the healthiest users to participate in insurance, and the system collapses from there.

Because of insurance exclusion in our current system, privacy is of the upmost importance, so much so that individuals often prefer to remain ignorant of their own impending health problems for fear of being excluded from insurance. A nationalized health care program would remove this disincentive for knowledge, and would likely make the need for privacy less important, as an acknowledgement of a medical problem would not lead to insurance exclusion. If there was not a possible penalty for learning about genetic conditions or future medical problems, many more individuals would likely prefer to know the medical histories and futures, and would not have the same fear of sharing their findings with the medical system. Obviously, medical records should not be made open to the public, but it seems misguided that this country is attempting to build the Fort Knox of data repositories to help continue such an obviously failed insurance and care system.

Moving Forward

Posted by Eric, 18:21, January 24, 2009
Moving Forward / No Comments

The 25th anniversary of the Macintosh came and went today without as much as an acknowledgement from the parent company.  I think it would have been a great opportunity to release a new class of products.  

The media drew so much attention to the date that Apple did not really have to do anything to get a ton of free publicity, but it would have been fun to see an unconventional product released.

You Were Probably Caught on Street View Anyway…

Posted by Eric, 16:02, January 23, 2009
Govt, Incentives, Virtual-Reality Detachment, Waste of Electrons / No Comments

Currently, the Oregon mayor is involved in a sex scandal.  It seems as though 2008 was a banner year for political impropriety, on both sides of the aisle.  I am curious about why the country cares?  Obviously, there is a huge incentive for the media to report these instances to death, but honestly, who is truly outraged by the acts themselves?  With the plethora of sex scandals involving the “moral majority”, who is left to get mad?  What seems to bury everyone is the lying about alleged impropriety.  It would so refreshing to have someone respond to an inquiry with, “Yes, I did _____________, and it was fun and private; I left a great review on bedposted.com.  Thank you for your question.  Now I want to talk about the _____________ issue I am introducing legislation for.”

Once a motivated party is looking into someone’s sex life, and asking specific questions, odds are they will find what they are looking for, whether they know it or not.  Just own up and move on.  It is not surprising that type-A personalities in positions of authority located hundreds or thousands of miles away from their families have affairs.  I think this sex-obsessed country would be able to swallow it.  What sells papers is the scandal, not the act.  If Playboy is having problems selling their content, no one is going to be interested in a bland recount of politician’s conquests.  Get a step ahead of the sensationalized media and shock them.

The Day Has Come

Posted by Eric, 2:24, January 23, 2009
Cache In, Incentives, Moving Forward, Waste of Electrons, Whose Data? / No Comments

This is almost a little hard for me to admit, but I bought my first track from iTunes today.  Most of the time, I buy music from dance sites like Beatport and Release Records, but when I purchase more mainstream music, I have until now turned to Amazon.  I have always refused purchasing music from iTunes because I will not support paid DRMed songs.  Now that iTunes has removed DRM from their tracks, I suppose I have no problem with the service, and I had previously created an account for the App Store anyway.  There is a lot of nerd hostility towards iTunes, but mine was strictly limited to the DRM that aggravated the non-techies around me.  I have found the podcast manager and net radio portions to be excellent, and truly enjoy the program.  The searchable format and auto-file-creation for music is great too.

I have still been using Amazon out of habit, but tonight, I was shocked to find a track that was not available on Amazon, but had several mixes on iTunes.  I purchased it, and have no complaints so far.

I may have to start buying music on iTunes, because I am sure not buying any applications.  I could care less about games on the iPhone, and I am getting frustrated at the slow realization by Apple that the current terms of the SDK are stifling the next generation of productivity apps.  Apple may have already waited too long, allowing Blackberry to get their next generation of devices into service in the US.  I still have a Blackberry, and will continue to use it until I can access Bloomberg Anywhere and have an office suite that is not networked on the iPhone.  Until that point, my iPhone is my phone, browser, and a fun toy.  I am looking forward to adding “productivity device” to that list.  For now, I will enjoy my first iTunes song…

At Least They Will Save Some Money on Archives

Posted by Eric, 21:52, January 22, 2009
Cyberlaw, Govt, Virtual-Reality Detachment, Waste of Electrons, Whose Data? / No Comments

 Many news outlets have reported today that the Obama administration is shocked with the condition and age of the networked infrastructure in the White House. Most take it as an opportunity to take shots at the Government’s upgrade schedule, and a couple go as far as to mention the outgoing administration may have purposefully held off upgrades so the new team could pick their components. According to some of the reports, the phones did not even work in most of the offices.

I think this is shenanigans. The Bush/Cheney administration was almost inarguably the most hostile group to ever protect digital communications. There is absolutely no way that they were running on ancient and non-working hardware. I do not think the hardware is old, I think it is missing. Based on things like years of “lost” e-mail, missing backups, etc, I think that the former team’s technology went out on a barge and got sunk a few days ago.

Time and discovery are not likely to treat the administration well, but the “data leaks” (normally known as, “…saved for posterity”) will not come from the fiercely loyal staff.

Working in a Museum

Posted by Eric, 19:19, January 22, 2009
Cache In, Virtual-Reality Detachment, Waste of Electrons / No Comments

Thain got dragged through the mud today regarding his office expenses, which were fairly embarrassing for an executive engineering a recovery.  It was no Citi fireplace, but still ill-timed considering the belt-tightening demanded of ML employees.  I normally try to ignore sensationalized reporting of executive lifestyles, but you have to wonder about the timing of the release with Thain’s break from BofA.  Someone twisted the dagger today.

Similarly excessive, back to attempting to justify an Embody for myself…

Evidence that Yahoo is an “A”

Posted by Eric, 13:30, January 22, 2009
Cache In, Moving Forward, Waste of Electrons / No Comments

Based on the search terms users are entering and then subsequently clicking on this site, I think it is abundantly clear that Microsoft needs to buy Yahoo! yesterday.  Take advantage of the new blood, pay what they ask, and save your search…