Shared Links for Mar 19th

  • A New Way Forward – Grassroots banking policy? Who'd have guessed? Their plan is "Nationalize. Reorganize. Decentralize." The N-word has some bad connotations, but what they're really advocating for is an FDIC style managed bankruptcy, i.e. letting the banks fail, cleaning out the shareholders and management, and applying real anti-trust laws to the financial industry. I never thought I'd go to a banking protest. (tagged: economics bailout finance fdic activism banking policy )
  • MailStopper – Is $20/year too much to pay to avoid junk mail? Would it really work? The self-monitoring aspect is interesting too. Would be great to be able to watch your name and address as it propagates through the ocean of direct marketing databases, and credit reporting agencies. (tagged: green junkmail sustainability internet )
  • YellowPagesGoesGreen.Org – I hate the two kilograms of cellulose that the phone company insists on littering my doorstep with each year. I was a little bit drunk when they showed up last week, and threw them in the street. I don't even have a land line. Why would I want a phone book? Who uses those things anyway? Thankfully, someone else has already created an opt-out system… too bad I'll have to wait a year to see if it actually works. (tagged: environment recycling paper yellowpages mail green sustainability )
  • The Age of Stupid – A new combination sci-fi documentary on climate change… framed as a man looking back and trying to understand why we failed to act, from the year 2055. The movie was "crowd funded" – the filmmakers sold shares of the profits to individuals (and the crew) in exchange for cash (about $1 million total). The trailer looks fairly good… (tagged: climate film green environment )
  • Mistrial by iPhone – Juries’ Web Research Upends Trials – Another example (cf death of record companies, newspapers) of technology upending previously stable social and legal systems. 9/12 jury members found to be doing research on the trial they were sitting on, via their cell phones and the internet. People don't consider the meta-brain to be a separate entity any more. Certainly not for weeks of sequestration on end… (tagged: law technology internet phone jury trial )

Shared Links for Mar 14th

Shared Links for Mar 9th

Shared Links for Mar 6th

Shared Links for Mar 4th

Shared Links for Mar 2nd

Shared Links for Feb 28th

Shared Links for Feb 23rd

  • Goodbye to the Age of Newspapers – I just don't buy the lament of the newspapermen. If the papers were subsidizing the collection of "real" news with ads, how sure are we that people ever wanted news? Why exactly should we believe that there ever was some public interest at heart in journalism? I'd say it's just as likely that the fragmentation of digital media, and the trend toward tabloid fluff, is an indication that nobody (or at least, not enough people) really cared about the "serious" news in the first place. Disaggregated, opinionated, (truly) non-profit journalism will certainly be different than the muckrakers, or Big Media, but it's unclear to me that it will be worse in any way for government transparency, or democratic interchange. (tagged: technology media government transparency democracy )
  • The Crisis of Credit Visualized – Another great popularly accessible explanation of how we got into this mess, this time in cartoon form. Too bad there weren't any regulators in the story! (tagged: economy crisis financial animation mortgage subprime )
  • Bank insolvency: tips & tricks – Never, ever, feed a zombie bank. The great thing (or, one great thing) about blogs is that you can talk about serious and technical issues, using analogies to zombies. Try that in the Economist, or the WSJ. (tagged: economics finance stimulus bailout fed banks zombie )
  • Ann Druyan Talks About Science, Religion, Wonder, Awe, and Carl Sagan – Musings from Ann Druyan (Carl Sagan's partner) on how we might apply the wonder of the cosmos, as revealed by science, toward the creation of naturalist spiritual communities. (tagged: science religion sagan atheism naturalism cosmos spirituality )
  • There's no reason for non-recourse – Options are valuable. That's why we have markets for them. The trillion dollars worth of non-recourse loans (cf pawnbroker) which the Fed is apparently about to offer up to the finance industry, will, because they are non-recourse, lead to a misvaluation of the assets being bought, even if they're being bought by private entities, because the penalty for non-repayment is simply forfeiting the asset (which might very well end up being worthless). The Fed is acting like a pawn shop, but a dumb one: what pawn shop in its right mind would let you exchange your cubic zirconia for half the value of a diamond? (tagged: finance economics crisis bailout fed geithner bernanke )

Not All Capital is Fungible

There are only two real pools of capital: alternatively natural or human, external or internal, material or informational.

Natural (external, material) capital is the pre-existing wealth of the world, which was not dependent on our organization or existence: the metals we mine, the trees, the fresh water, the fisheries, solar energy, the fossil fuels, the potential for agricultural produce (as a co-location of soil, water, and climate).  Human (internal, informational) capital is the value inherent in technology, skill, organization, understanding, and knowledge.

Continue reading Not All Capital is Fungible

Shared Links for Feb 12th