Why are people utterly unable to form a rational thought?: http://www.cato-at-liberty.org/economic-ignorance-accelerates/
Wednesday, October 31, 2012
On Elon Musk
David Brooks hits this one out of the park. He accurately
uses Elon Musk as his example of a manic individual who transforms society and
the country he lives in, even in spite of some mighty disagreeable attributes.
Thursday, October 25, 2012
Amazon
Amazon is buying Texas Instruments’ chip division. With
Amazon’s recent foray into the device field with the Kindle, the ability to
more closely control its suppliers is crucial. Now they own their chip
supplier. They’re following the Apple model, which should result in a more
integrated supply chain, faster time to market and more obfuscated product
development to competitors. All good things.
Amazon is also providing commercial lending to small
businesses. Some may lament Amazon departing from its core competency to dabble
in finance, but the positives far outweigh the negatives. Amazon already has
vast knowledge of these small businesses since they sell their products through
Amazon’s platform. Additionally, Amazon has a built in way of recouping their loans,
much akin to garnishing of workers’ wages. As long as they have the free cash
flow, this move should further add to Amazon’s profitability.
Amazon is adding 50,000 retail jobs for the holiday season.
This speaks to the volumes of merchandise they expect to move. They also plan
to retain thousands of these workers in full-time positions after the holiday
season has ended. It’s not public which types of jobs will become the permanent
jobs, but the fact that Amazon needs additional labor and feels comfortable
retaining some of that labor permanently speaks to their burgeoning business.
Wednesday, October 17, 2012
Seattle Seahawks and their defense
The Seattle Seahawks are good again! As a die-hard Seattle
sports fan suffering through the still abysmal Mariners, slowly rebuilding
Husky football team, non-existent basketball team and decimated Husky
basketball team, there is little to cheer about. Sure there is the Sounders,
and the recent match with the Timbers was a sight to behold, but I haven’t
fully embraced them.
Led by their freakishly athletic, ruthless and nasty
defense, the Seahawks are relevant again in the National Football League. Their
secondary of Kam Chancellor, Brandon Browner, Richard Sherman and Earl Thomas
anchor the defense that has stymied Tony Romo, Aaron Rodgers and Tom Brady.
The young offense, heavily reliant on Marshawn Lynch,
continues to see growth from QB Russell Wilson and WR Golden Tate.
Regardless of the fairness of the GB call, that’s in the
rear view mirror. The Seahawks face the 49ers this Thursday at Candlestick
Park. I doubt many believe the Seahawks even have a chance (the betting line is
currently 7.5). However, Thursday night will tell us a lot about this Seahawks
squad. Even in a loss they could prove they belong with the best of the NFL
(which the 49ers are). And there’s no reason the game can’t become a physical,
dragged-out defensive game. Put us on the back of Lynch, wear down the 49ers
and give us a chance come 4th quarter.
Tuesday, October 16, 2012
Passbook, iOS 6’s best feature
I don’t yet have my hands on the new iPhone 5, and since my
iPhone 4 doesn’t support a lot of the new features I haven’t paid for the
upgrade to iOS 6. That said I’ve read a lot about the new features and wanted
to highlight one of them here: Passbook.
Passbook is Apple’s answer to Google Wallet, Square and
others (kind of). Passbook is convenient for consumers in many ways, but is
really a gold mine for retailers, something that Apple can capitalize on.
Passbook stores all manner of payment forms: tickets,
coupons, boarding passes, gift cards, loyalty cards, and, using GPS, will bring
the relevant ones to your iPhone lock screen. The reminder of location and ease
of payment is something consumers will enjoy and retailers will drool over.
Heard of Valpak, the company that stuffs your mailbox and
newspaper with a chunk of coupons? If you’re like me, you pitch those as soon
as you see them. Who wants to wade through all of that to save a buck? With the
Passbook integrated Valpak app you can easily peruse coupons, add them to your
favorites, and they’ll pop to your lock screen when you’re within proximity of
a place that accepts one.
Gone are the days of forgetting coupons at home. Gone are
the days of misplacing gift cards and losing the balance. Gone are the
last-minute scrambles to find boarding passes or tickets.
Some iPhone apps that are Passbook integrated: United
Airlines, Delta Airlines, Airnb, Live Nation, MLB, Apple Store, Starbucks,
Valpak, Target, Fandango, Lufthansa, Cineplex, Walgreens, Sephora, Amtrak, W
Hotels, Starwood Hotels,
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