I can see the rationale behind the trillion dollar stimulus package. If you don't do it, you risk a deep recession, a global recession. Better a trillion now than two trillion tomorrow.
But to rely totally on the stimulus package would be to miss the mark. White collar crime style irresponsible behavior brought this about. The number one would be the Iraq War. The Iraq War has been the biggest white collar crime in history. Hitler killed six million Jews, Bush killed a million and a half Iraqis. After a half century of further civilization, a million and a half today probably is equivalent to six million back then. The white collar crime of the Iraq War - a trillion or so dollars - got mirrored in bad Wall Street behavior.
But the number one lesson to be learnt is that global finance is just like global warming, just like global terrorism, there is no national solution, not even by the mighty power of America. So the number one solution can not be the trillion dollar stimulus package, necessary as it is. The real challenge is, so how do you create a new global financial architecture? Minor tinkering with the IMF and the World Bank will not do.
When the dust on this financial mess settles, more of the global power is expected to have shifted to China. There is no free lunch.
What is Apple Inc.'s plan if CEO Steve Jobs dies? Los Angeles Times No American CEO is more intimately identified with his company's success. Jobs is deeply involved in every facet of Apple development and design, and he's justly admired for his instinct for the human-factor engineering of Apple products. He is Apple's visionary and carnival barker. ..... The Jobs role that Apple may find hardest to fill is that of one-man Supreme Court, settling disputes between warring engineering camps by decree. There have been countless battles at Apple over such things as how many buttons a mouse should have and what keys should be on its keyboards. The ultimate authority belongs to Jobs. ..... Google and its Android mobile phone operating system. ......... a CEO whose talents and personality are so inextricably entwined with a signature American brand. Writing the Web’s Future in Numerous Languages The next chapter of the World Wide Web will not be written in English alone. Asia already has twice as many Internet users as North America, and by 2012 it will have three times as many. Already, more than half of the search queries on Google come from outside the United States. ....... Quillpad, an online service for typing in 10 South Asian languages. Users spell out words of local languages phonetically in Roman letters, and Quillpad’s predictive engine converts them into local-language script. ...... India, whose online population Jupiter says is poised to become the third-largest in the world after China and the United States by 2012 ....... Wikipedia now has more entries in Indian local languages than in Korean. ...... Even among the largely English-speaking base of around 50 million Web users in India today, nearly three-quarters prefer to read in a local language ..... “Localization is the key to success in countries like India" ....... Google engineers are also plugging away on voice recognition, translation, transliteration and digital text reading that it plans to apply to other developing countries. Obama says got "choked up" leaving Chicago Reuters Sprint WiMAX misses Chicago launch, now aiming for 2H 2009 Boy Genius Report Think your WiFi is fast? WiMax is coming to Chicago The Windy Citizen Google Hopes to Open a Trove of Little-Seen Books New York Times Revenue will be generated through advertising sales on pages where previews of scanned books appear, through subscriptions by libraries and others to a database of all the scanned books in Google’s collection, and through sales to consumers of digital access to copyrighted books. Google will take 37 percent of this revenue, leaving 63 percent for publishers and authors. ........ The settlement may give new life to copyrighted out-of-print books in a digital form and allow writers to make money from titles that had been out of commercial circulation for years. Of the seven million books Google has scanned so far, about five million are in this category. ........ Even if Google had gone to trial and won the suits, said Alexander Macgillivray, associate general counsel for products and intellectual property at the company, it would have won the right to show only previews of these books’ contents. “What people want to do is read the book” ......... When the agreement was announced in October, all sides hailed it as a landmark settlement .......... In May, Microsoft ended its book scanning project, effectively leaving Google as a monopoly corporate player....... Students and faculty at universities who subscribe to the database will be able to get the full contents of all the books free. ......... a lot of reading is going to happen on screens Google Unlocks G1 Android Mobile Phone NewsOXY Bachchan's aura built on sheer talent, performances: Amir Press Trust of India Russians Raise Ukraine Gas Bill New York Times How the SEC Can Prevent More Madoffs Wall Street Journal Dell Elevates Insiders in Strategy Change Wall Street Journal 'Marley & Me' stays No. 1 at box office Los Angeles Times
Towards the end of the Jesse Jackson event, one elderly volunteer kept emphasizing upon me the point that it was okay to take Bloomberg's money if he gives ... democracyforum.blogspot.com/2005/10/jesse-jackson-on-martin-luther-king.html
I rooted for Fernando Ferrer when he ran for Mayor. One day I found myself in the Bronx, and this old, Hispanic dude approached me and said in all earnesty: "Take Bloomberg's money if he gives it to you, just don't do the work!"
I don't know what he saw in me but apparently he knew me better than I knew me back then. It helped that Bloomberg who changed from Democrat to Republican changed from Republican to Independent.
I am declaring myself an Independent for Bloomberg. He will win a third term easy.
He is a billionaire. I am going to be a billionaire.
He is Mayor. I am a bigger political talent than him.
He is Jewish, Jesus was a Jew. I am a Madhesi, Buddha was a Madhesi.
He has been a very good Mayor.
He is for Caroline Kennedy for US Senate. So am I.
He is no Michael Corleone, he is Michael Bloomberg. I am Barackface.
