Posts categorized "Bono"

The New York Times covers blogging

Apr 5, 2008 TrackBacks (3)

Actual New York Times headline for Sunday, April 6, 2008:

In Web World of 24/7 Stress, Writers Blog Till They Drop

Reworded for brevity:

Blogging Causes Death

Future New York Times headline submissions from yours truly:

Blogging Causes Herpes

Bloggers Shorter than Normal People

Want To Contract Malaria? Try Blogging

Bloggers Have Bad Breath

Leprosy and Blogging May Be Connected

Hitler Probably Blogged

Now Bloggers Aren't Even Wearing Pajamas

Blogging Fad Almost Over

And of course, the inevitable, perennial favorite:

Child Abuser/Serial Killer/Campus Shooter Had a Blog

p.s. The Judy Miller memorial New York Times blogging story headline:

The Bloggers Have WMD

Cramer: an apology

Mar 31, 2008 TrackBacks (0)

I need to apologize -- not to Jim Cramer, but to my readers, for not being sufficiently hard on Cramer the other day.

I had missed this essential and hilarious fact:

[Three days before Bear Stearns went kablooey, and the same day he hollered about how "fine" Bear Stearns was on his quasi-TV show], on TheStreet.com, Jim Cramer listed Bear Stearns common stock as a "buy" at $62...

[After Bear blew up] TheStreet.com quickly removed Cramer's March 11 "buy" recommendation from its page devoted to Bear Stearns.

Jim Cramer: no matter how bad you think he is, he's worse than you think.

[Source: Bloomberg.]

Department of Remarkably Good Ideas, nuclear weapons edition

Mar 27, 2008 TrackBacks (0)

This just in:

Defense Secretary Robert Gates has formally ordered the Air Force, Navy and Defense Logistics Agency to conduct an inventory of all U.S. nuclear weapons and nuclear weapon-related materials to make sure all items are accounted for...

The order comes in the wake of the discovery last week that four nuclear warhead fuses were accidentally shipped to Taiwan in 2006...

The inventory review, which will involve thousands of items, is due to Gates in 60 days. Pentagon officials said the request was ordered, in part, because this latest incident comes after the August 2007 accidental flight of six nuclear-tipped cruise missiles on a B-52 bomber across the country.

The CNN headline is to the point and priceless:

Pentagon Ordered To Locate All U.S. Nukes

I've been trying to think of an idea that would be even better than this one.

And I have failed.

This is, officially, the best good idea of all time.

Sleep well!

[Link: CNN.]
[Hat tip: Rick Segal.]

Jim Cramer is still putting random words in random order

Mar 25, 2008 TrackBacks (0)

Last week I showed you a widely-distributed video of CNBC stunt-host Jim Cramer loudly gesticulating to his Mad Money fan base that Bear Stearns was "fine" and that "Bear Stearns is not in trouble".

The day was March 11, Bear stock was trading at $62, and Bear immediately blew up.

Several members of the Cramer fan base promptly emailed me and said, no no no, Cramer explained that he was just saying that you shouldn't move your money out of your Bear Stearns brokerage account. Which is a little odd, given that Bear was primarily a hedge fund prime broker and not a consumer broker, and Cramer's show is aimed at regular folks, a.k.a. consumers. However, it is possible that his defenders could have a point.

Except they don't.

On the very same day, March 11, Cramer also recorded a different video (not embeddable, so just follow that link) on TheStreet.com in which he explains in detail how Bear the company is "totally solvent; there's not an issue; Bear is not in trouble, I want to make that point vociferously".

Oh well.

I will give Cramer's fans credit for one thing -- he is highly entertaining. Although frankly I'm still not sure how he's ever going to top confessing publicly to securities violations last year. One can but hope.

Why am I being mean to Cramer? Two reasons.

First, his whole approach is fundamentally fraudulent. You can't sit at home, watch a TV show, actively trade stocks like Cramer says, and make money. At best you're going to badly lag the indices, and in the process unduly enrich your brokerage firm, the tax collectors, and -- yes -- CNBC and Jim Cramer. Cramer's show is just another stupid tax, like a state lottery, or cigarettes.

Second, he says he likes it (fast-forward to about 3:15 and watch to the end).

As a side note, I may not be able to embed TheStreet.com videos, but I sure can embed Jon Stewart's take on Cramer's Bear Stearns call -- just fast-forward to 4:40 or so:

[Link: Jon Stewart on Cramer.]

Paging George Orwell, Joppatowne Maryland edition

Sep 23, 2007

Bear in mind that this is a public American high school...

In late August, Maryland's Joppatowne High School became the first school in the country dedicated to churning out would-be Jack Bauers. The 75 students in the Homeland Security and Emergency Preparedness magnet program will study cybersecurity and geospatial intelligence, respond to mock terror attacks, and receive limited security clearances at the nearby Army chemical warfare lab.

The new school is funded and guided by a slew of federal, state, and local agencies, not to mention several defense firms. Officials say it will teach kids to understand the "new reality," though they hasten to add that the school isn't focused just on terrorism. [Of course not -- they also cover surveillance.]

School administrators... refused to be interviewed for this story. But it's no secret that the program is seen as a model for the rest of the country, with the Pentagon and other agencies watching closely.

Students will choose one of three specialized tracks: information and communication technology, criminal justice and law enforcement, or "homeland security science." David Volrath, executive director of secondary education for Harford County Public Schools, says the school also hopes to offer "Arabic or some other nontraditional, Third World-type language." [Perhaps Busuu, or Njerep, or Zaparo? Nah, I'm guessing mostly Arabic.]

...[I]t's not clear how many Joppatowne grads will be on track to join the upper echelons of the intelligence community and how many will wind up as airport screeners. "We do want to encourage higher education," Volrath says. "We also want to be realistic. Some of these defense contractors will have huge security needs, and the jobs won't require four years of college."

From Mother Jones, courtesy of Marginal Revolution.

Department of astonishing chutzpah, Richard Brodhead edition

Sep 21, 2007

In the wake of the now-debunked rape case against three lacrosse players, Duke University will establish a center devoted to justice and training lawyers to fight wrongful convictions, president Richard Brodhead said Wednesday.

Duke will invest $1.25 million over the next five years for the project at the law school, which will also expand its Wrongful Convictions Clinic and Innocence Project. The clinic and the Innocence Project investigate claims of innocence by the state's convicted felons and raise awareness of problems in the criminal justice system.

Via the Associated Press.

Despite the case being such a travesty from the start -- the prosecutor, Michael Nifong, was ultimately disbarred and ejected from office -- Brodhead has become famous for stating the need for the accused students to be, quote, "proved innocent" by the criminal justice system, turning the whole American concept of "innocent until proven guilty" on its head.

Presents! Presents, falling from the sky!

Sep 20, 2007

The class-action legal juggernaut that was the law firm [and organized criminal conspiracy] now known as Milberg Weiss suffered more body blows yesterday as its co-founder, Melvyn I. Weiss, was indicted...

[P]rosecutors in Los Angeles charged Mr. Weiss, one of the architects of class-action securities lawsuits, with conspiracy, racketeering, obstruction of justice and making false statements to a grand jury... could face a sentence of as much as 40 years...

The indictment also broadened existing charges against Milberg Weiss, the firm Mr. Weiss co-founded in 1972, contending that the firm received some $250 million in legal fees over the last 25 years from class-action cases in which it paid kickbacks [bribes] to individuals who had served as named, or lead, plaintiffs...

“The indictment outlines a decades-long kickback scheme that was deliberately concealed from courts that were overseeing significant class-action cases,†said George S. Cardona, the United States attorney in Los Angeles, in announcing the charges against Mr. Weiss...

The charges against Mr. Weiss contend that he knew about and participated in the plaintiff kickback scheme since its inception in the late 1970s, and that he continued to participate in it in even after federal prosecutors began their investigation.

But there's more!

In a related development, Steven Schulman, a former named partner at Milberg Weiss, agreed to plead guilty to a conspiracy charge in connection with the plaintiff kickback scheme.

Mr. Schulman, who will cooperate with prosecutors, also agreed to disgorge $1.85 million in profits, pay a $250,000 fine and accept a prison sentence that is likely to be 27 to 33 months, according to court papers.

All the gory details about this organized criminal conspiracy were outlined in detail in a sworn statement from their partner and now convicted felon David Bershad from earlier this year. Fun reading!

News clippings from the New York Times.

Go boomers!

Sep 20, 2007

For Americans ages 35 to 54:

18,249 deaths from overdoses of illicit drugs in 2004, up 550 percent per capita since 1975... 46,925 fatal accidents and suicides in 2004, leaving today’s middle-agers 30 percent more at risk for such deaths than people aged 15 to 19... More than four million arrests in 2005, including one million for violent crimes, 500,000 for drugs and 650,000 for drinking-related offenses... [representing] a 200 percent leap per capita in major index felonies since 1975... [and this doesn't even include OJ!] 630,000 middle-agers in prison in 2005, up 600 percent since 1977... 21 million binge drinkers (those downing five or more drinks on one occasion in the previous month), double the number among teenagers and college students combined... 370,000 people treated in hospital emergency rooms for abusing illegal drugs in 2005, with overdose rates for heroin, cocaine, pharmaceuticals and drugs mixed with alcohol far higher than among teenagers... More than half of all new H.I.V./AIDS diagnoses in 2005 were given to middle-aged Americans, up from less than one-third a decade ago...

What experts label "adolescent risk taking" is really baby boomer risk taking. It's true that 30 years ago, the riskiest age group for violent death was 15 to 24. But those same boomers continue to suffer high rates of addiction and other ills throughout middle age, while later generations of teenagers are better behaved. Today, the age group most at risk for violent death is 40 to 49, including illegal-drug death rates five times higher than for teenagers.

From Mike Males writing in the New York Times.

p.s. Think anyone's ever going to notice that these people are the children of the quote-unquote Greatest Generation? Paging Tom Brokaw...

Look up "hugely satisfying" in the dictionary...

Sep 20, 2007

...and you'll find this:

Bill Lerach, the renowned [well, that's one word for it] class-action attorney who won billions of dollars in securities fraud settlements, pleaded guilty on Wednesday to criminal conspiracy. He will pay $8 million and spend one or two years in prison for scheming to pay illegal kickbacks to the lead plaintiffs in some of his lawsuits.

From the Financial Times.

Lerach and his equally appalling -- and increasingly equally indicted -- colleagues at a quote-unquote law firm called Milberg Weiss terrorized the high-tech industry for over a decade, filing baseless lawsuit after baseless lawsuit against many public company executives for theoretical crimes for which the only evidence was a falling stock price, putatively on behalf of individual shareholders -- who, it turns out, were frequently being illegally bribed by, you guessed it, Lerach and Milberg Weiss.

Lerach's malfeasance helped create the current climate of fear and paranoia in the public equity markets that have made it so dauting for new companies to become public, which in turn raises the cost of capital for growth companies, and in turn drags on the growth of the American economy and therefore on your pocketbook.

However, I must confess that my true satisfaction about this miscreant going to meet his new friends in the federal pokey is caused by Milberg Weiss's 2001 lawsuit against me and my former company, Loudcloud, in which Lerach alleged -- I am not making this up -- that we defrauded investors because the founders and board members of the company bought shares in the IPO. Yes, that's right -- since they couldn't sue us for insider selling, their normal MO, they sued us for insider buying.

Bye, Bill!

Great moments in jurisprudence, Clark County edition

Sep 19, 2007

Today, via the New York Times:

O.J. Simpson Released on Bail

A judge set O.J. Simpson’s bail at $125,000 today after he was charged with armed robbery... and kidnapping. The former football star... posted less than $19,000...

1994:

This page contained an embedded video. Click here to view it.

Funny, this is the same way the media companies reacted to Tivo...

Sep 18, 2007

As a successful venture capitalist, Howard Hartenbaum had grown accustomed to some measure of deference from the entrepreneurs who pitched him. So when one particularly brash CEO called him a "nut case" and then said that a meeting with him "made me want to vomit," Hartenbaum was livid.

Hartenbaum, a partner at Draper Richards in San Francisco... stumbled upon those comments, posted by an anonymous entrepreneur, on a website called TheFunded.com. Incensed, Hartenbaum fired off a series of e-mails, threatening litigation and demanding to know who ran the site. He also expressed interest in investing.

From Inc. Magazine.

Clearly they should get divorced and then immediately remarry

Sep 18, 2007

A married couple who didn't realise they were chatting each other up on the Internet are divorcing.

Sana Klaric and husband Adnan, who used the names "Sweetie" and "Prince of Joy" in an online chatroom, spent hours telling each other about their marriage troubles...

The truth emerged when the two turned up for a date. Now the pair, from Zenica in central Bosnia, are divorcing after accusing each other of being unfaithful.

"I was suddenly in love. It was amazing. We seemed to be stuck in the same kind of miserable marriage. How right that turned out to be," Sana, 27, said.

Adnan, 32, said: "I still find it hard to believe that Sweetie, who wrote such wonderful things, is actually the same woman I married and who has not said a nice word to me for years".

From The Daily Telegraph.

Oh, MITI, how I've missed you...

Sep 4, 2007

But I'm still waiting for that Fifth Generation artificially intelligent mainframe...

Tokyo, alarmed by the global dominance of Google and other foreign Internet services, is spearheading a project to try to seize the lead in new search technologies...

“The question is how Japanese companies like Sharp and Matsushita can be encouraged to provide [Internet] services. They clearly have the know-how to build things,†says Toshihide Yahiro, director of the information service industry division at [MITI]... [Yes, time to build some things!]

Tokyo hopes to use Japan’s strength in developing devices, such as mobile phones and car navigation systems, to create proprietary search and information retrieval functions. But some question [cough] whether a state-led project is capable of [overtaking] Google.

The Japanese project is comprised of 10 partnerships, each tasked with a specific next-generation search function. For example, the government has matched NTT Data with Toyota InfoTechnology Center and Toyota Mapmaster to create an interactive, personalised car navigation system. Other partnerships involve NEC, Hitachi and Sony Computer Science Laboratories. [MITI] has allocated Y14bn-Y15bn... to the project.

“Seventy per cent of car navigation systems are made in Japan. There is scope for more personalization,†says Mr Yahiro. “There is a need for car navigation systems that are capable of searching for which bathrooms are equipped with baby-changing stations and other necessities.†[Not to mention those fancy electronic toilets that will perfume your rear!]

Some blame Japan’s copyright laws for holding back the development of web services. Services such as Google hold copies of other companies’ web pages on their servers. Because Japanese law forbids the duplication of copyrighted works without the rights holders’ permission, Yahoo Japan, Google Japan and other search engines offered in Japan operate from US-based servers. [Yes, well, that could be an issue.]

We'll be checking in on MITI's newest project regularly.

From the Financial Times.

Headline of the day

Aug 29, 2007

No Proof Astronauts Were Drunk

From the Washington Post.

Now, I'm not in favor of piracy, but...

Aug 24, 2007

...this is definitely cruel and unusual punishment:

A man convicted of illegally downloading an episode of Star Wars has been told that he can no longer use his computer with an Ubuntu Linux operating system.

Scott McCausland pleaded guilty last year to 'conspiracy to commit copyright infringement' and 'criminal copyright infringement' by downloading Star Wars: Episode III illegally.

He served five months in prison and is now on probation, but has been told that he cannot use his Linux computer.

"I had a meeting with my probation officer today and he told me that he has to install monitoring software onto my PC. No big deal to me; that is part of my sentence," he wrote on his Lost and Alone blog.

"However, the [monitoring] software doesn't support GNU/Linux. So he told me that if I want to use a computer, I would have to use an OS that the software can be installed on.

"Which basically means Microsoft and monitoring software or no computer. I use Ubuntu 7.04 now, and they are trying to force me to switch."

From VNU, via Valleywag.

I really don't see the problem

Aug 22, 2007

From Saul Hansell at the New York Times:

[A] new Internet search engine, Accoona... powered by innovative artificial intelligence technology [sic]...

[F]ounded by Marc Armand Rousso...

[R]egistered with the Securities and Exchange Commission to sell its stock to the public... [M]anaged by a little-known underwriter... [U]nderwriter, pulled out of the offering... "After completing our due diligence review, we have chosen to disassociate ourselves with the company."...

[Rousso] pleaded guilty to stock fraud charges in the United States in 1998 and was convicted of stock fraud in France in 1999... [S]ettled several suits brought by investors who claimed stock losses...

[V]ery little of Accoona’s $149 million in revenue last year came from its search engine...

[N]early all its revenue was from several online electronics dealers it also owns... [G]enerated numerous consumer complaints about aggressively selling accessories, spotty product availability and poor customer service...

[Search engine] attracted only 106,000 visitors from the United States in July, according to comScore...

[S]earch results... filled with links to second-tier sites and those of promoters trying to manipulate search engines with various tricks.

[R]ousso... paid more than $3 million during the last three years as a consultant to Accoona... [O]wns 14 percent of the company’s stock.

[A]lessandra Coderoni, whom Mr. Rousso married in August 2006, was paid $1.4 million to serve as Accoona’s chief operating officer in the 15 months before the marriage...

[Rousso] took control of several companies, promoted them to the public, and liquidated their holdings at a profit through a series of brokerage accounts in various names...

[E]ffort... to launder money stemming from [his] schemes...

[A]rrested, and he pleaded guilty to securities fraud and money-laundering charges... [S]entenced to probation, a $200,000 fine and forfeiture of $4 million in assets... [B]anned from working in the securities industry...

[A]lso convicted of securities fraud in France, related to selling American stocks to European investors at inflated prices... [F]ined 120,000 euros.

[A]lso caught up in the investigation over illegal campaign contributions to the 1996 Senate campaign of Robert G. Torricelli of New Jersey because he had raised money with a partner who later pleaded guilty in that case...

Accoona bought three companies based in Brooklyn that operate discount electronics retailers, including ButterflyPhoto.com, NYLiving.com, BestBuyPlasma.com, Digitaletailer.com, Lcdtvs.com and BuyersEdge.com...

ButterflyPhoto, the largest of these sites, has an unsatisfactory rating from the New York Better Business Bureau...

[O]ne of a group of online dealers that lure customers with low prices and then use aggressive tactics to get them to spend more money. "You will see prices online at $100 below cost... [T]hen they will call you to say that with this particular product, you need to buy this expensive battery to go with it.â€

[C]ompany [says it] is “committed to providing the highest level of service and observing the highest ethical standards.â€

Good idea of the day

Aug 17, 2007

Toys ‘R’ Us Stops Selling Lead-Tainted Bibs

From the New York Times.

That's exactly what happens whenever I wear a traditional Mayan dress!

Aug 17, 2007

Hotel mistakes Nobel laureate for bag lady...

She was wearing a Mayan dress, the traditional attire of indigenous people in central America, and the hotel's response was also traditional: throw her out.

Staff at Cancun's five-star Hotel Coral Beach appear to have assumed this was another street vendor or beggar, so without asking questions they ordered her to leave. Except the woman was Rigoberta Menchú, the Nobel peace prizewinner, Unesco goodwill ambassador, Guatemalan presidential candidate and figurehead for indigenous rights.

From the Guardian.

That's the same reason they never give me one

Aug 14, 2007

Norman Mailer... ruminated on his failure to win the Nobel Prize.

It wasn't politics that soured his chances, he declared; it was stabbing his second wife with a pen knife in 1960.

From the Washington Post, via Marginal Revolution.

Now I have to find something different to watch each night at bedtime...

Aug 9, 2007

Reuters:

Recordings that claim to stimulate baby brain development may actually slow vocabulary development in infants if they are overused, U.S. researchers reported on Wednesday.

For every hour per day spent watching baby DVDs and videos, infants aged 8 to 16 months understood an average of six to eight fewer words than babies who did not watch them, Frederick Zimmerman of the University of Washington and colleagues found. ...

"The most important fact to come from this study is there is no clear evidence of a benefit coming from baby DVDs and videos, and there is some suggestion of harm," Zimmerman said in a statement.

"The bottom line is the more a child watches baby DVDs and videos, the bigger the effect. The amount of viewing does matter."

Zimmerman and colleagues conducted random telephone interviews with more than 1,000 families in Minnesota and Washington with babies and asked detailed questions about television and video viewing.

Parents of the 8- to 16-month-olds were asked how many words like "choo-choo," "mommy" and "nose" their child understood. ...

"The results surprised us, but they make sense. There are only a fixed number of hours that young babies are awake and alert," said Andrew Meltzoff, a psychologist who worked on the study.

"If the 'alert time' is spent in front of DVDs and TV, instead of with people speaking in 'parentese'-- that melodic speech we use with little ones -- the babies are not getting the same linguistic experience," Meltzoff added.

"Parents and caretakers are the baby's first and best teachers. They instinctively adjust their speech, eye gaze and social signals to support language acquisition. Watching attention-getting DVDs and TV may not be an even swap for warm social human interaction at this age. Old kids may be different, but the youngest babies seem to learn language best from people."

Dr. Dimitri Christakis, a pediatrician at Seattle Children's Hospital Research Institute who worked on the study, said parents frequently asked him about the value of such videos.

"The evidence is mounting that they are of no value and may in fact be harmful," Christakis said.

For those of you who follow the success rate of media industry joint ventures

Aug 8, 2007

Wall Street Journal today:

Movie-rental chain Blockbuster Inc. [acquired] Movielink LLC, a downloading service owned by the major Hollywood studios.

After several months of talks, first reported in March, Blockbuster said late yesterday it had acquired Movielink from the studios for undisclosed terms. The Wall Street Journal had reported in March that the price was said to be less than $50 million, although the final deal was less than $20 million, said a person familiar with the situation.

On the other hand, this one is going to go much better -- New York Times today:

The joint venture between NBC Universal and the News Corporation to bring their television shows and movies onto the Internet still lacks a Web site. It still has no name. It also has yet to announce a clear mission that persuades the large number of skeptical observers that real-world rivals can cooperate online.

But the company, still known only by the working name of “New Site†[or, if you read TechCrunch, "Clown Co."], now has some deeper pockets. Providence Equity Partners, a media investment firm based in Rhode Island, has invested $100 million for a 10 percent stake in the joint venture, people with knowledge of the deal said.

You think?

Aug 8, 2007

New York Times headline:

Investigators Find Possible Flaw in Minneapolis Bridge

Terrifying headline of the day

Aug 8, 2007

Wall Street Journal headline:

Bush sought to reassure jittery stock investors.

Next up: cheap, high-quality, fuel-efficient Japanese blogs take over the market

Aug 6, 2007

Los Angeles Times:

A loosely formed coalition of left-leaning bloggers is trying to band together to form a labor union it hopes will help members receive health insurance, conduct collective bargaining or even set professional standards...

"Bloggers are on our radar screen right now for approaching and recruiting into the union," said Gerry Colby, president of the National Writers Union, a local of the United Auto Workers. "We're trying to develop strategies to reach bloggers and encourage them to join."

Department of good ideas

Aug 2, 2007

New York Times home page:

The governor of Minnesota and officials from several other states have ordered all bridges to be inspected.

"But what if we bundled the music CDs with the houses..."

Jul 31, 2007

Associated Press:

It's bad enough that a cratering housing market is leading to a slump in real estate advertising at newspapers, as a dreary series of earnings reports showed last week.

What's worse is that a lot of that advertising may never come back to newspapers even if the real estate sector recovers. That's because a significant chunk of those advertising dollars are moving — you guessed, online.

...What's worrying analysts this time around is that real estate could become the next category of classified advertising — after help-wanted ads — to mark a significant and permanent shift away onto the Internet. The stakes are big for newspapers since classifieds are highly lucrative and make up more than 35 percent of their revenues. ...

Representatives of several major real estate franchisors said in interviews that many home sellers still see newspaper advertising as an essential component of selling a home, but that younger brokers, home sellers and buyers are clearly more focused on using the Internet.

...Abby Lee, director of regional advertising in Denver for RE/MAX, a major real estate franchisor, [said,] "With younger agents, there's a trend of going online. There's a realization that's where they need to be."

Suzy Antal, director of marketing, communications and public relations for Prudential Real Estate Affiliates, a unit of Prudential Financial Inc., said many Prudential agents have been pulling back on advertising during the current downturn, but as they return, they're shifting ad budgets to their own Web sites, creating blogs, and taking different approaches beyond newspapers.

"Is newspaper a high priority? No," Antal said. "I don't believe my buyers and sellers are going to be in that market." ...

As home-buyers flock online, it's also tough on realtors, [Blanche Evans, the editor of Realty Times] said, since home-buyers are becoming accustomed to seeing extensive color photos, descriptions of the neighborhood as well as video tours of the property — all of which costs money to produce.

With all the online tools available today, realtors "have the ability now to really expose the property in a significant way," Evans said. "People have the ability to tour the house. That has changed everything."

Maybe if we stay very, very quiet about it, it won't happen...

Jul 29, 2007

...then again, maybe everyone will talk about it anyway...

New York Times:

“The bug at the bottom of the Calendar front in today’s Los Angeles Times says columnist Patrick Goldstein is on assignment,†began a July 24 item on the Web site L.A. Observed. “Not true. His The Big Picture column for Tuesday was killed.â€

The site ran the 1,450-word column, which “fell into our hands,†in its entirety. In it, Mr. Goldstein proposed that his newspaper promote itself by following the lead of The Mail on Sunday in Britain, which inserted Prince’s latest CD into 2.9 million copies, and also give away music.

“While the Times still is a profitable business, our revenue was down 10 percent in the second quarter while our cash flow was down, as our publisher put it the other day, a ‘whopping 27 percent, making it one of the worst quarters ever experienced,’ †Mr. Goldstein wrote. “Times are so hard at the Times that the publisher has proposed putting ads on the front page to generate new revenue.â€

L.A. Observed’s founder, Kevin Roderick, a former senior editor at The Los Angeles Times, reported that the column had sailed through the copy desk but was killed by John Montorio, a managing editor. ...

Keeping the column out of the paper hardly kept people from reading it. The L.A. Observed page was visited more than 18,000 times, and “many thousands†more subscribers had it sent to them electronically, Mr. Roderick said. ...

Iran is on to us

Jul 22, 2007

From the Washington Post:

From BBC translators, an editorial by Saleh Eskandari headlined "Spying Squirrels," published July 10 by the Iranian newspaper Resalat.

"A few weeks ago, 14 squirrels equipped with espionage systems of foreign intelligence services were captured by [Iranian] intelligence forces along the country's borders. These trained squirrels, each of which weighed just over 700 grams, were released on the borders of the country for intelligence and espionage purposes. According to the announcement made by Iranian intelligence officials, alert police officials caught these squirrels before they could carry out any task.

"Fixing GPS devices, bugging instruments and advanced cameras in the bodies of trained animals like squirrels, mice, hamsters, etc, are among modern methods of collecting intelligence. Given the fast speed and the special physical features of these animals, they provide special capabilities for spying operations. Once the animals return to their place of origin, the intelligence gathered by them is then offloaded..."

Ah yes, the power of branding

Jul 21, 2007

From the Washington Post:

... The key to boosting the image and effectiveness of U.S. military operations around the world involves "shaping" both the product and the marketplace, and then establishing a brand identity that places what you are selling in a positive light, said clinical psychologist Todd C. Helmus, the author of "Enlisting Madison Avenue: The Marketing Approach to Earning Popular Support in Theaters of Operation." The 211-page study, for which the U.S. Joint Forces Command paid the Rand Corp. $400,000, was released this week.

Helmus and his co-authors concluded that the "force" brand, which the United States peddled for the first few years of the occupation, was doomed from the start and lost ground to enemies' competing brands. While not abandoning the more aggressive elements of warfare, the report suggested, a more attractive brand for the Iraqi people might have been "We will help you." ...

Since I know you will want to read the whole study, it is here.

More:

... In an urban insurgency, for example, civilians can help identify enemy infiltrators and otherwise assist U.S. forces. They are less likely to help, the study says, when they become "collateral damage" in U.S. attacks, have their doors broken down or are shot at checkpoints because they do not speak English. ...

The single scariest thing I have ever read

Jul 4, 2007

Former colleague and America Online executive Barry Schuler is now into lasers.

Those of you who have met Barry will know why this is so scary.

Good luck, Barry!

Please don't kill me with a laser.

Bono

Jun 23, 2007

From Andrew Rice's column entitled The Complicated Business of Caring About Africa in the New York Observer, June 12 2007:

I’d been living in Africa for all of five days when I had my first run-in with a celebrity. It was a good sighting: Bono himself. At the time, I was still living in a hotel, out of a suitcase filled with precautionary measures: pills for the malaria, iodine tablets for the water, tubes of bug repellent for the outdoors, a mosquito net for the indoors, a bottle of Cipro for God knows what other pathogens I might encounter in Uganda. But already, I had an inkling that maybe I’d over-prepared.

On that fifth night, I found myself sitting at the breezy, flower-bedecked outdoor bar of the hilltop Kampala Sheraton, watching the wraparound-shaded rock star share (as I recall it) bowls of chicken curry with the comedian Chris Tucker. The evening was breezy and almost impossibly comfortable, and I thought to myself: Really, this is not how Africa was advertised.

I thought about that night again recently, when I saw Bono’s face staring out at me from the cover of the latest Vanity Fair. The magazine is devoting this month’s issue to the continent of Africa, a subject it deemed best illustrated by a series of Annie Leibovitz cover portraits. There are 20 in all, depicting a wide range of famous people, three of whom are actually African. But Bono, as “guest editor,†is the issue’s undoubted star.

Africa is advertised differently now, and for that we can credit the Irish band leader’s ample conscience. Not so long ago, Americans considered the continent—when they considered it at all—one massive, undifferentiated, machete-waving war zone: a perpetual, insoluble crisis. Thanks to Bono, the new message is that people of the privileged world can, in fact, solve Africa’s problems, if only we choose to care.

It’s not that easy, of course, and the reality is that the recent surge in popular interest in Africa has coincided with a bitter debate inside the field of international development. Put simply, it is over the limits of caring. One faction, popularly associated with the Columbia University economist Jeffrey Sachs, argues that the developed world needs to provide tens of billions of dollars of additional financial aid to the world’s most impoverished nations. The other faction, led by N.Y.U.’s William Easterly, says that much of the aid we currently provide has deleterious effects, fueling corruption and undermining democracy.

It’s a difficult and morally ambiguous conflict, one that was brought up during Bono’s 2002 trip to Uganda by one of his travel companions, then–Treasury Secretary Paul O’Neill. Visiting a rural well, Mr. O’Neill asked why it’d been impossible to bring safe drinking water to all of the countryside, considering that doing so would cost a small fraction of the $300 million the World Bank had lent Uganda the year before. “Where did the money go?†he asked.

You won’t see that question addressed in Bono’s issue of Vanity Fair. There is an admiring profile of Mr. Sachs, which concludes that “if the history of international development is a history of failure, it is because too many of the people in the field are complacent, or incompetent, or not accountable.†There are many prominent mentions of Bono’s personal projects, such as the ONE Campaign, which urges nations to spend 1 percent of their budgets on poverty-eradication programs, and (Product) Red, which brands cell phones and iPods as philanthropic gestures. The editorial content bleeds unapologetically into the advertising: The red backgrounds of Ms. Leibovitz’s cover portraits echo the opening spread for the Gap’s line of red T-shirts, as well as inside ads for the (Product) Red campaign itself. “MEANING IS THE NEW LUXURY,†says one full-page ad, in stark black letters. “BE A GOOD-LOOKING SAMARITAN,†exhorts another.

In his opening essay, Bono writes that in just nine months, (Product) Red has raised around $25 million for its beneficiary, the Geneva-based Global Fund to Fight AIDS, Tuberculosis and Malaria. What he doesn’t mention is that throughout its brief existence, the Global Fund—a Sachs brainchild—has been wracked by corruption scandals. Last week, the news in Uganda was dominated by the arrests of four onetime government officials, including the powerful (and immensely wealthy) former health minister, on charges of skimming huge sums off the millions in Global Fund grants Uganda has received. And, lest we think corruption is purely an African problem, an internal audit revealed earlier this year that the British executive director of the fund, Sir Richard Feachem, was using his expense account to rent limousines and to throw expensive dinner parties. New luxury, indeed.

On a recent return visit to Uganda, where I’d lived for two years, one of the first changes I noticed was that a multistory residential building had been erected across the dirt road from the little pub I frequented. My friends told me the owner of the property worked for the health ministry. They’d nicknamed the place the “Global Fund Apartments.†We all laughed at the joke: Ugandans know that there are worse sins in this world than corruption. They’ve learned, through rough experience, to see Africa for what it is: a continent of people, not vessels for our pity. Their Africa is a vibrant, funny, human place. I wish we could separate it from this business of being inspi(red).

Bono

Jun 19, 2007

From an October 2006 article in Bloomberg:

Bono, the rock star and campaigner against Third World debt, is asking the Irish government to contribute more to Africa. At the same time, he's reducing tax payments that could help fund that aid.

After Ireland said it would scrap a break that lets musicians and artists avoid paying taxes on royalties, Bono and his U2 bandmates earlier this year moved their music publishing company to the Netherlands. The Dublin group, which Forbes estimates earned $110 million in 2005, will pay about 5 percent tax on their royalties, less than half the Irish rate...

Lead guitarist David Evans, known as The Edge, earlier this month defended the publishing company's move as a sensible decision for a group that makes 90 percent of its money outside Ireland.

"Our business is a very complex business," Evans said Oct. 2 on Dublin radio station Newstalk, breaking the band's silence after weeks of public criticism. "Of course we're trying to be tax-efficient. Who doesn't want to be tax-efficient?"

Bono, 46, has toured Africa, established the pressure group Debt AIDS Trade Africa and become one of the most vocal supporters of the Make Poverty History campaign. In July 2005, he helped persuade world leaders to double aid for Africa to $50 billion a year by 2010 and erase the debt of the 18 poorest countries on the continent...

At a concert last year in Croke Park, Dublin's biggest stadium, Bono appealed to Prime Minister Bertie Ahern to raise overseas aid to 0.7 percent of gross national product by 2007 from 0.5 percent now. The crowd responded by booing Ahern.

The political catcalls have now turned on Bono, whose real name is Paul Hewson.

"It seems odd, in a situation where they enjoy an already favorable tax regime, they would move operations to the Netherlands to get an even more favorable rate," said Joan Burton, finance spokeswoman for the opposition Labour Party...

Wealthy individuals have put about $11.5 trillion in tax havens around the world, according to a 2005 paper by the London- based Tax Justice Network. Unpaid taxes on those assets could amount to $255 billion, the paper said.

"That's five times the amount needed to achieve the Millennium Development Goals, which Bono says he's really interested in," [Richard Murphy, a director at U.K.-based Tax Research Ltd.] said, referring to a United Nations plan to eradicate poverty and combat the spread of AIDS. "My answer is, put your money where your mouth is."

From an October 2006 column by Nick Cohen in the UK Observer:

What is surprising is that the rest of the world continues to take Bono seriously. I would have thought that after the revelation that U2 moved their music publishing company to the Netherlands to cut their tax bill in half, he wouldn't have dared stepped out of his mansion for fear of being laughed to scorn.

Here was a man who incited audiences to condemn Western politicians for not sending enough of their taxpayers' money to the wretched of the earth, avoiding tax himself. The Edge, U2's guitarist, sounded as edgy as a plump accountant in the 19th hole when he explained the move offshore by saying: "Our business is a very complex business. Of course we're trying to be tax-efficient. Who doesn't want to be tax-efficient?"

The practical consequences of being "tax-efficient" are many. If you say you care about Africa, why are you paying fees to international money movers who encourage Africa's "tax-efficient" kleptomaniacs to hide their loot in tax havens? You are also forcing fellow citizens, who didn't make U2's estimated $110m in 2005, to pick up the bill, not only for foreign aid, but for education, health, law and order and defence.

And all the time while others suffer on your behalf, you maintain that you are behaving reasonably.

Bono

Jun 16, 2007

From an interview in Der Spiegel, the German news magazine, in 2005:

The Kenyan economics expert James Shikwati, 35, says that aid to Africa does more harm than good. The avid proponent of globalization spoke with SPIEGEL about the disastrous effects of Western development policy in Africa, corrupt rulers, and the tendency to overstate the AIDS problem.

SPIEGEL: Mr. Shikwati, the G8 summit at Gleneagles is about to beef up the development aid for Africa...

Shikwati: ... for God's sake, please just stop.

SPIEGEL: Stop? The industrialized nations of the West want to eliminate hunger and poverty.

Shikwati: Such intentions have been damaging our continent for the past 40 years. If the industrial nations really want to help the Africans, they should finally terminate this awful aid. The countries that have collected the most development aid are also the ones that are in the worst shape. Despite the billions that have poured in to Africa, the continent remains poor.

SPIEGEL: Do you have an explanation for this paradox?

Shikwati: Huge bureaucracies are financed (with the aid money), corruption and complacency are promoted, Africans are taught to be beggars and not to be independent. In addition, development aid weakens the local markets everywhere and dampens the spirit of entrepreneurship that we so desperately need. As absurd as it may sound: Development aid is one of the reasons for Africa's problems. If the West were to cancel these payments, normal Africans wouldn't even notice. Only the functionaries would be hard hit. Which is why they maintain that the world would stop turning without this development aid.

SPIEGEL: Even in a country like Kenya, people are starving to death each year. Someone has got to help them.

Shikwati: But it has to be the Kenyans themselves who help these people. When there's a drought in a region of Kenya, our corrupt politicians reflexively cry out for more help. This call then reaches the United Nations World Food Program -- which is a massive agency of apparatchiks who are in the absurd situation of, on the one hand, being dedicated to the fight against hunger while, on the other hand, being faced with unemployment were hunger actually eliminated. It's only natural that they willingly accept the plea for more help. And it's not uncommon that they demand a little more money than the respective African government originally requested. They then forward that request to their headquarters, and before long, several thousands tons of corn are shipped to Africa ...

SPIEGEL: ... corn that predominantly comes from highly-subsidized European and American farmers ...

Shikwati: ... and at some point, this corn ends up in the harbor of Mombasa. A portion of the corn often goes directly into the hands of unsrupulous politicians who then pass it on to their own tribe to boost their next election campaign. Another portion of the shipment ends up on the black market where the corn is dumped at extremely low prices. Local farmers may as well put down their hoes right away; no one can compete with the UN's World Food Program. And because the farmers go under in the face of this pressure, Kenya would have no reserves to draw on if there actually were a famine next year. It's a simple but fatal cycle.

SPIEGEL: If the World Food Program didn't do anything, the people would starve.

Shikwati: I don't think so. In such a case, the Kenyans, for a change, would be forced to initiate trade relations with Uganda or Tanzania, and buy their food there. This type of trade is vital for Africa. It would force us to improve our own infrastructure, while making national borders -- drawn by the Europeans by the way -- more permeable. It would also force us to establish laws favoring market economy.

SPIEGEL: Would Africa actually be able to solve these problems on its own?

Shikwati: Of course. Hunger should not be a problem in most of the countries south of the Sahara. In addition, there are vast natural resources: oil, gold, diamonds. Africa is always only portrayed as a continent of suffering, but most figures are vastly exaggerated. In the industrial nations, there's a sense that Africa would go under without development aid. But believe me, Africa existed before you Europeans came along. And we didn't do all that poorly either.

SPIEGEL: But AIDS didn't exist at that time.

Shikwati: If one were to believe all the horrorifying reports, then all Kenyans should actually be dead by now. But now, tests are being carried out everywhere, and it turns out that the figures were vastly exaggerated. It's not three million Kenyans that are infected. All of the sudden, it's only about one million. Malaria is just as much of a problem, but people rarely talk about that.

SPIEGEL: And why's that?

Shikwati: AIDS is big business, maybe Africa's biggest business. There's nothing else that can generate as much aid money as shocking figures on AIDS. AIDS is a political disease here, and we should be very skeptical.

SPIEGEL: The Americans and Europeans have frozen funds previously pledged to Kenya. The country is too corrupt, they say.

Shikwati: I am afraid, though, that the money will still be transfered before long. After all, it has to go somewhere. Unfortunately, the Europeans' devastating urge to do good can no longer be countered with reason. It makes no sense whatsoever that directly after the new Kenyan government was elected -- a leadership change that ended the dictatorship of Daniel arap Mois -- the faucets were suddenly opened and streams of money poured into the country.

SPIEGEL: Such aid is usually earmarked for a specific objective, though.

Shikwati: That doesn't change anything. Millions of dollars earmarked for the fight against AIDS are still stashed away in Kenyan bank accounts and have not been spent. Our politicians were overwhelmed with money, and they try to siphon off as much as possible. The late tyrant of the Central African Republic, Jean Bedel Bokassa, cynically summed it up by saying: "The French government pays for everything in our country. We ask the French for money. We get it, and then we waste it."

SPIEGEL: In the West, there are many compassionate citizens wanting to help Africa. Each year, they donate money and pack their old clothes into collection bags ...

Shikwati: ... and they flood our markets with that stuff. We can buy these donated clothes cheaply at our so-called Mitumba markets. There are Germans who spend a few dollars to get used Bayern Munich or Werder Bremen jerseys, in other words, clothes that that some German kids sent to Africa for a good cause. After buying these jerseys, they auction them off at Ebay and send them back to Germany -- for three times the price. That's insanity ...

SPIEGEL: ... and hopefully an exception.

Shikwati: Why do we get these mountains of clothes? No one is freezing here. Instead, our tailors lose their livlihoods. They're in the same position as our farmers. No one in the low-wage world of Africa can be cost-efficient enough to keep pace with donated products. In 1997, 137,000 workers were employed in Nigeria's textile industry. By 2003, the figure had dropped to 57,000. The results are the same in all other areas where overwhelming helpfulness and fragile African markets collide.

SPIEGEL: Following World War II, Germany only managed to get back on its feet because the Americans poured money into the country through the Marshall Plan. Wouldn't that qualify as successful development aid?

Shikwati: In Germany's case, only the destroyed infrastructure had to be repaired. Despite the economic crisis of the Weimar Republic, Germany was a highly- industrialized country before the war. The damages created by the tsunami in Thailand can also be fixed with a little money and some reconstruction aid. Africa, however, must take the first steps into modernity on its own. There must be a change in mentality. We have to stop perceiving ourselves as beggars. These days, Africans only perceive themselves as victims. On the other hand, no one can really picture an African as a businessman. In order to change the current situation, it would be helpful if the aid organizations were to pull out.

SPIEGEL: If they did that, many jobs would be immediately lost ...

Shikwati: ... jobs that were created artificially in the first place and that distort reality. Jobs with foreign aid organizations are, of course, quite popular, and they can be very selective in choosing the best people. When an aid organization needs a driver, dozens apply for the job. And because it's unacceptable that the aid worker's chauffeur only speaks his own tribal language, an applicant is needed who also speaks English fluently -- and, ideally, one who is also well mannered. So you end up with some African biochemist driving an aid worker around, distributing European food, and forcing local farmers out of their jobs. That's just crazy!

SPIEGEL: The German government takes pride in precisely monitoring the recipients of its funds.

Shikwati: And what's the result? A disaster. The German government threw money right at Rwanda's president Paul Kagame. This is a man who has the deaths of a million people on his conscience -- people that his army killed in the neighboring country of Congo.

SPIEGEL: What are the Germans supposed to do?

Shikwati: If they really want to fight poverty, they should completely halt development aid and give Africa the opportunity to ensure its own survival. Currently, Africa is like a child that immediately cries for its babysitter when something goes wrong. Africa should stand on its own two feet.

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My name is Marc Andreessen. This blog is on temporary hiatus -- will be back soon with a new design and fresh content!
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