Category: Society

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Let the Bears Eat Bear Stearns

I agree with Gretchen Morgenson, writing for the New York Times. The Fed shouldn’t bail out Bear Stearns. The fed crossed a line by keeping afloat a major architect of the housing debacle.

I wrote my first blog post about the housing bubble in August 2005, a year after deciding not to buy a home in the Washington, DC suburb of Bowie. It was already clear to me in summer 2004 that something akin to a repeat of the dot-com bubble was taking place in the housing market.

Had we bought in 2004, we would likely hold a mortgage that exceeds the house’s reduced value. We could never have moved to San Diego. 

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It’s Not Alaska, It’s an Adventure

Jean McDermott cracks me up. She’s got a wry, dry sense of humor. Maybe the humorless can’t survive Alaskan winters.

Today, Jean posted a picture of her freezer and, separately, commented on the weather: “A couple days ago we got 10 inches of snow in one night. People up here walked around just beaming. Finally! The bumps in the ski, snowmachine, mushing and skijore trails would finally be smoothed out. No more skidding around on dirt! Not only that, but it has warmed up to a positively balmy 20° ABOVE so everyone is having a bit of a respite from having to put on so much bleeding gear every time one goes outside! 

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Scoble Scrapes Friends’ Trust

Robert Scoble has been the talk of the Web today, for getting booted from Facebook. Robert is back on Facebook now, but he shouldn’t be. Facebook suspended the former Microsoft evangelist blogger for a terms-of-service violation. He used a testing Plaxo tool to mine, or “scrape,” information from about 5,000 of his contacts. [Editor’s note, April 4, 2017: Three Scobelizer posts gone; links removed.] 

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You Phone Home, I Hang Up

Tonight, I removed Adobe’s Lightroom 1.3 from my computer. Maybe that makes me part of the so-called “tinfoil” hat crowd. I’m deeply concerned about Adobe collecting information, in apparently disguised fashion, from users of its products.

I don’t buy Adobe’s excuses. Creative Suite 3 isn’t freeware. People buying the software can pay as much as $1,800 (street price), depending on CS3 version. Adobe feels free to mine information from these customers, without even asking their permission? Shame on Adobe. I would remove Acrobat and Flash, if so many Websites didn’t use the software. I’m mad

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Environmental Question

I hear a whole lot of ruckus about global warming and carbon emissions spewed into the air. I have a question for the environmentalists—some of them extremists—pointing fingers of accusation: How much worse off is the planet because of you and your political maneuvering that ended US adoption of fission reactors in the 1970s?

Environmentalist FUD (fear, uncertainty and doubt) about radioactive waste disposal was a major factor halting nuclear power plant construction in the United States. Meanwhile, many electrical facilities resorted to coal and, gasp, oil—fossil fuels that produce carbon dioxide when burned. 

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What Will Be the Returns?

Today’s New York Times column “An iPhone Changed My Life (Briefly)” hits at the device’s fundamental problem: Hype. There was too much of it—and not really from Apple—that may have over-raised many people’s expectations. The issue Michelle Slatalla raises is one of returns. Will she return her iPhone? She writes, “I have started thinking seriously about returning the $599 phone, despite a 10 percent restocking fee. It hasn’t really changed my life in the ways I’d hoped”.

But she may have started with overly unrealistic expectations, which the runaway hype helped foster. The name includes “phone” for a reason. Apple didn’t promise a device that would cure cancer or feed the starving.