How the bailout program works

It is a slow day in a damp little Irish town. The rain is beating down and the streets are deserted. Times are tough, everybody is in debt and everybody lives on credit. On this particular day a rich German tourist is driving through the town, stops at the local hotel and lays a €100 note on the desk, telling the hotel owner he wants to inspect the rooms upstairs in order to pick one to spend the night. The owner gives him some keys and, as soon as the visitor has walked upstairs, the hotelier grabs the €100 note and runs next door to pay his debt to the butcher. The butcher takes the €100 note and runs down the street to repay his debt to the pig farmer. The pig farmer takes the €100 note and heads off to pay his bill at the supplier of feed and fuel.

The guy at the Farmers’ Co-op takes the €100 note and runs to pay his drinks bill at the pub. The publican slips the money along to the local prostitute drinking at the bar, who has also been facing hard times and has had to offer him “services” on credit. The hooker then rushes to the hotel and pays off her room bill to the hotel owner with the €100 note. The hotel proprietor then places the €100 note back on the counter so the rich traveller will not suspect anything.

At that moment the traveller comes down the stairs, picks up the €100 note, states that the rooms are not satisfactory, pockets the money and leaves town. No one produced anything. No one earned anything. However, the whole town is now out of debt and looking to the future with a lot more optimism.

Source unknown

Worried Nation

“Millions of Americans are currently worried about two things that are, in their minds, emotionally related. The first of these is the prospect that white people will no longer be the majority in this country, and the second is that the United States will be just one among many world powers.”
— Christopher Hitchens

“Blog as a platform”

Chris Brogan advises building something of personal or business value by starting as if you already have a platform.

“When I say “platform,” I mean this: a body of principles on which a person or group takes a stand in appealing to the public; program.” In this, I also mean build a presence, a place from which to share those principles and ideas.”

He goes on to describe his blog as…

“a place where people can come to get a taste of what I think and what I stand for, and it’s a place where people can match and measure their own ideas against what I put out there.”

Yes. That’s pretty much it in a nutshell. I like having such a place. And, for better or worse, my blog is a “taste of what I think and stand for.” Even people who have known me for many years wouldn’t know as much about what I think and stand for as someone who reads these posts.

I’ll dabble in the social shallows of Twitter and Facebook but they cannot be (for me) the platform Mr. Brogan describes

20 Dying Technologies

George points us to a list of technologies that are in various stages of dying. If you’re skeptical, you can get a little of the reasoning in this slideshow at Businessweek. Or is it Bloomberg? Whatever.

  • Combustion engines
  • Consumer video cameras—MiniDV, Flip cameras, camcorders
  • Credit cards
  • Desktop (tower) PCs
  • DVDs and Blu-ray
  • Digital music players
  • E-readers
  • Fax machines
  • Game consoles
  • Pagers
  • Dash-mounted GPS systems
  • Keys
  • Landline telephones
  • 3D television with glasses
  • Metronomes and tuners
  • PDAs
  • Point-and-shoot digital cameras
  • Power cords
  • Remote controls
  • USB memory sticks

I’ve already said goodbye to some of these and can easily live without most of the rest.