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Preparing for Entrance Exams Online







Preparing for Entrance Exams Online

Preparing for Entrance Exams Online 04/12/2004 02:13 AM

New York Times Apr 12 2004 5:53AM GMT




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Entrance and Exit strategies - owning
your own data


Entrance and Exit strategies - owning
your own data
09/12/2004 04:18 PM

OK - got to London, took care of family business and now I'm getting ready for tomorrow night by catching up with the blogosphere.

One thread I've been watching carefully and with enthusiasm - is Jon Udell and Jeremy Zawodny talking about Flickr, Delicous and next generation web apps.

I actually signed up to talk about this very subject for Web 2.0 - so I gotta get real nerdy - and boned up on the minutia. One thing I can say is "I agree!"

In fact - "I wanna own my own data" was the title of the talks we gave at the FOAF confab two weeks ago in Galway, Ireland.... so I'm totally into this meme!

Here's Jon's summary of the thread so far.....

The other day, Jeremy Zawodny asked:


Is it just me, or is Flickr (currently in beta) one of the best examples of next generation web services?


Note that in this context, I mean "web services" in both senses of the term:

  • A web site that provides some useful service that I can interact with using a web browser.

  • An application with an API that has been exposed over HTTP using REST, XML-RPC, or SOAP.


[Jeremy Zawodny's blog]

Nope, not just you. I've been using Flickr, and writing about it, for the same reasons. Likewise del.icio.us. Among other virtues, both exhibit a really important one I haven't mentioned yet: you own your data.



What reminded me of this point was Steve Mallet's blog item entitled Applying Distributed XML to The Open Source Paradigm Shift, which says in part:


So, what happens when the software I depend on slowly shifts to Infoware that I can never really touch and that while still immediately practical gives me no assurance that it can't be taken away or misused at will without any recourse available to me?



I think we can apply the same principles to the data as we have to the source code. Google, eBay, Amazon, et al. are really only as useful as we allow them to be through the information we give them. We still hold the cards here which means we have options.

Exactly. When I think about meshing my own data with an infow are-style service, there are two key strategies I need to consider:

  1. The entry strategy. In the case of del.icio.us, it was easy to weave my own stuff into the service. Using the procedure I detailed here, tags that I maintain on my blog entries are automatically sprayed into del.icio.us. With little effort, I was able to create hundreds of integration points between two complex information surfaces -- my blog and del.icio.us. This was so effective that I decided to use del.icio.us for tag surfing of my blog.


  2. The exit strategy. With first-generation infoware services it's hard or maybe impossible to retract the information you've given them. Second-generation infoware challenges that notion. You can't delete reviews you write for Amazon, which is why I've never written one there. (Instead I write about books on my own blog where services such as All Consuming can find them.) But you can delete links you submit to del.icio.us or photos you upload to Flickr.



From the user's perspective, del.icio.us and Flickr support near-optimal entry and exit strategies. You can deeply and automatically mesh your own information with them. And you can undo that meshing. Participation in the services is thus an "at will" arrangement. If you maintain well-structured information, you can as easily mesh it with another comparably-equipped service. So the switching cost, as economists say, is low.



Now to be sure, deletion of links from del.icio.us and photos from Flickr is currently a manual affair. Neither API offers explicit support for wholesale automated retraction. And that would be a scary thing for any service with commercial ambitions to contemplate. But I'd love to see competition based on the value that's wrapped around the portable data we choose to mesh with infoware services, rather than on data lock-in.


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Photo Library - 3459Photo Library - 3462Photo Library - 3461Photo Library - 3460
Takenoko are bamboo shoots. We're in takenoko season right now. You take a special hoe and walk around in a bamboo forest until you step on the tip of the takenoko. The best and most tender takenoko are the ones that are barely visible. As they grow larger, they become tougher. You have to then dig around the takenoko, find where it attaches to the root network and chop it at the right angle to get it to come off easily. Then you shuck them. After shucking, a very important step is the aku nuki. Many vegetables, particularly takenoko have a very bitter taste that comes from impurities (alkaline solution and dissolved elements) which is called aku. Aku nuki (removing the aku) is typically done stewing the takenoko with komenuka (rice husk powder) and Japanese red chili peppers. The best takenoko is tender takenoko picked and immediately stewed, left over night in the water, then prepared with rice, stew or some other typical Japanese dish in the morning. Yum.


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The Factor of Four: Preparing Yourself
for Economic Meltdown


The Factor of Four: Preparing Yourself
for Economic Meltdown
06/22/2005 02:38 AM
diceThe cover story of this month's Atlantic is editor James Fallows' Countdown to a Meltdown, a look at the implications of reckless Bush-Greenspan economic policies for the next generation. The only thing that isn't entirely credible to any student of history about Fallows' portrait of coming economic collapse is the date -- while he sees it coming quickly and convulsively by 2016, I believe it will take a full generation to play itself out, and I would have been happier to see his scenario placed closer to the centennial of the last horrific depression, which was also caused by reckless economic mismanagement -- 2029. But aside from the date, you need only read the history books (and the very recent history of countries like Argentina) to see the rationale, and even the inevitability, of Fallows' predictions.

The article is still on the newsstands, and hence not yet available online, but in essence it sees three deliberate Bush-Greenspan policies leading to economic collapse in 2009:
  • Starving the government -- funding massive tax cuts for the rich by incurring monstrous debts that will have to be paid off by future generations and administrations,
  • Complete reliance on cheap energy, commodities and Chinese manufactured goods instead of promoting conservation, and
  • A policy of artificially suppressing interest rates to encourage reckless borrowing at all levels (personal, corporate and government), so that saving is discouraged, seniors cannot generate enough interest income to live on, and the economy becomes extremely fragile to economic changes (exactly as occurred in 1929).
The collapse scenario identifies a number of changes that occur like falling dominoes. What is interesting is that, much like the articles I have read about Peak Oil, about the non-sustainability of low interest rates, and about coming bubble burst in housing prices and (again) in stock markets, there is a recurrent 'Factor of Four' in this scenario1:
  • Energy, heat and electricity prices will rise by a factor of four ($160/barrel and $9/gallon)
  • The prices of goods dependent on energy will rise by a factor of four (foods, which grow in oil-derived nitrogen fertilizers and chemicals; anything transported a significant distance; plastics and medicines; clothes made with synthetic fibres; asphalt and tar for roads and roofing; furniture with hydrocarbon-based fire-retardants and cushion fillers; cosmetics and cleaners; coatings, paints and dyes)
  • Inflation, interest and mortgage rates will rise by a factor of four (making most debts unrepayable, leading to massive defaults, foreclosures and evictions)
  • The value of homes, stocks and bonds will fall by a factor of four (wiping out personal net worth, collateral and retirement savings)
  • The value of the US dollar will fall by a factor of four relative to most other currencies
  • The unemployment rate will rise by a factor of four
  • Business failures will rise by a factor of four (and foreign companies will bail out and buy out most large US businesses, since the US government will have no revenues to continue to bail them out)
  • Tax revenues will fall by a factor of four (bankrupting many municipal and state governments, and possibly the US federal government as well)
Fallows' thesis is that, even more than economic bungling, the Bush-Greenspan ideology of government doing as little as possible (other than pursuing insanely expensive foreign imperialistic wars and trampling on civil liberties) will soon lead to an America that has squandered all four of its competitive advantages:
  • A healthy rate of savings, providing resiliency in the face of downturns
  • Investment in good public infrastructure (e.g. in health care and transportation)
  • Investment in education (and in the key assets -- people and knowledge -- of value in the 21st century)
  • Investment in innovation (e.g. in real research)

It seems to me that progressives' inability to explain to the average voter the importance of these competitive advantages (not easy in our dumbed-down world, but doable) is one of the key reasons they are, at least in the US, in the political wilderness2.

The consequence of this "every man for himself" doctrine is that in the event of a severe economic downturn (and there is evidence it has already begun if you look at the real indicators and not the phony ones like GNP), the vast majority will be "priced out of any chance for real opportunity". The consequence of a population (a global population, because the US will take down most of the rest of the world with it) which is without hope of climbing out of desperate circumstances is almost too horrible to imagine -- we need only look to Afghanistan, Rwanda, Palestine, or Darfur to see what happens when people just give up trying.

Fallows suggests that only the rich and powerful elite will be immune to, and separated from, the effects of this economic collapse. Shielded by security guards in their homes, limos, penthouse offices and retirement villas from the staggering masses, they will be oblivious to it all (my grandparents regularly handed out food and other essentials to house-to-house beggars in the 1930s, to the great consternation of some of their peers and neighbours, who feared hordes of others would follow -- they didn't).

But it seems to me that there's a second way to insulate yourself from the impact of economic collapse, other than by becoming fabulously wealthy. And that is to be prepared. If you knew that in ten years the Factor of Four would be upon us, and the eight drastic changes in rates and prices bulleted above would then be in effect, what would you do starting now to prepare for it?

The obvious steps:
  • Reduce your need for energy: Buy an energy-efficient vehicle. Insulate your home better. Conserve energy. Reduce your need to work (by Radical Simplicity) or at least your need to commute. Strive for energy independence (explore community wind projects, solar and geothermal energy options). But make sure your replacement for oil doesn't depend on corn -- because corn depends on both subsidized oil (for fertilizer etc.) and subsidized agribusiness, neither of which is sustainable, especially in an economic collapse. Understand where your energy comes from -- oil may be running your car but filthy coal and vulnerable nukes probably provide your electricity, heat and air conditioning.
  • Buy local, natural and organic. Support small enterprises that depend less on government welfare. Buy stuff that lasts. Don't buy what you don't need.
  • Get out of debt. If you can't, go for low rates that are fixed for the entire term of the mortgage or loan. Pay off credit cards and other usurious loans on time every month. Don't buy non-essentials you can't pay for immediately.
  • Find out how you're exposed if the housing bubble bursts. If your house is suddenly appraised at much less than the amount of your mortgage, can you be required to pay down the mortgage in cash immediately? If so, are you prepared to just walk away from your house?
  • Find out how your savings are exposed if the stock and bond markets collapse. Will you have enough to retire on? To live on? Consider moving investments to 'near-cash' certificates that keep their value even when markets crash. Consider investments in Euros or other currencies less vulnerable than the US dollar.
  • Try to wean yourself off dependence on any government subsidies, pensions, and allowances, especially in the US. If the government suddenly becomes unable to pay its debts, it's not going to be able to pay you either. Just ask the ex-employees of Enron what that feels like.
  • Work to get Bush and Greenspan, and those with similar extreme economic policies, out of power. The earlier we start working on fixing the mess they've created, the better the chance for a 'soft' landing.
  • Don't hoard goods or other physical assets. It's wasteful, ineffective, selfish and expensive.
You don't need to do any of these things tomorrow, but it would be prudent to think seriously about doing them over the next few years. Think of it being like betting on a gambler in a casino who's on a roll, tossing sevens and elevens one after the other. If you cash out of the living-beyond-your-means lottery too early, you'll probably kick yourself for losing faith too soon, for not hanging in a little longer. But there's lots of evidence from history that the consequences of cashing out too late will be much worse. And alas, as with all gambles, you'll only know whether you did the right thing in hindsight.

A final thought from Fallows' article, and it's about education. He quotes Danish executive Niels Christian Nielsen, a Director of companies on both sides of the Atlantic, from a U.Cal presentation earlier this year on the subject:

The big difference between Europe and America is the proportion of people who come out of the [education] system really not being functional for any serious role. In Finland that is maybe 2-3%. In Europe in general maybe 15 or 20%. For the United States at least 30%, maybe more. In spite of all the press, Americans really don't get the education difference. They generally still feel this is a well-educated country and workforce. They just don't see how far the country is falling behind.

These two main themes from Fallows' scenario -- how reckless economic policy is leading inevitably to economic meltdown, and the importance of having a government that sets a good example of economic responsibility and public investment for the benefit of all its citizens -- are inextricably intertwined. Bush's failure on both counts threatens not only to lead to the ignominious end of the world's last superpower, but to drag the rest of the world needlessly into a long period of great suffering and deprivation in the process.

Notes:
1. One qualification about the Factor of Four, in case any economists or other number crunchers are reading this -- the rates and prices above are subject to continuous adjustment for changes in supply and demand. Because the domino effect will lower demand, prices that spike to quadruple current levels will fall off as a result of this adjustment, so in some cases the net effect may be closer to a Factor of Two or Three. Fallows' scenario reflects this. But if we're trying to visualize how such a change will affect our economy and our lives, thinking in terms of today's purchasing power, it still makes sense to use the Factor of Four.
2. I suspect that Europeans and Canadians take for granted the importance of these things, but do not really understand why they're important -- which is why it is not unthinkable that Bush-Greenspan thinking could happen elsewhere (as it did with Thatcherism), even without the religious undercurrent. That's something for us outside the US to think about seriously.

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