News for Me.

May 30, 2012

The Django community aggregatorGoodbye iOS, hello Android

My iPod touch died and I got an Android phone.

May 20, 2012

Boing BoingTracking the arrest and harassment of journalists at US protests

Josh Stearns has an update on police harassment, detention, and arrest incidents involving journalists at protests this weekend. He says, "I have been tracking, confirming and verifying reports of journalist arrests at Occupy protests all over the country since September. Help me by sending tips and tweets to @jcstearns and tagging reports of press suppression and arrests with #journarrest." According to his tracking, 85 journalists have been arrested in 13 cities while covering Occupy-related protests.

Boing BoingChild delivers balloon-inspired call for empathy to father


Simonhac sez, "Today I armed my kids with unrolled paperclips and asked them to pop the two-week-old helium balloons that have been kicking around our house at ground level since my daughter's birthday. I was not aware that my 8 year old daughter had given the balloons personalities and was really not happy with my plans for them. She was so upset she couldn't talk, but marched into the room and gave me this note. Bad Dad!"

would you like it if just because you were getting old you got popped? (Thanks, Simonhac!)

GigaOMPhone! SMS! No, I want WiFi on all my flights

V1

Connectivity in offices, home, cafes, trains, parks, cars and planes — I say bring it on. I have already shifted most of my life to the “cloud,” and it is not much of a surprise that I am a shameless believer in connectivity. That is why I am excited about Aeromobile, which is making it easy to use your phones on planes, including transatlantic flights.

Aeromobile is a UK-based company that is jointly owned by Telenor, a telephone company, and Panasonic Avionics, which recently became a majority share holder. Panasonic has developed the satellite technology that makes the connections work. Aeromobile is working with several airlines such as Emirates to wire their planes for connectivity.

Last week, Virgin Atlantic, part of the Virgin group, announced its intentions to offer a service powered by Aeromobile. For now, the service is restricted to Virgin Atlantic’s new Upper Class cabin, and only flights between New York and London.

AeroMobile allows passengers to use their own mobile phones in the air. Even better, the new entertainment system is smartphone, tablet and USB compatible, giving passengers the choice to read, watch or listen to their own media. The re-designed cabin will also soon be available on the Mumbai service, from October this year. (from WallPaper magazine)

Virgin Atlantic, on its website, adds:

Instead of spending a fortune using satellite phones, this new system’s charges are almost the same as they would be if you were roaming from another country. Plus, the calls and texts will be added to your mobile bill after you’ve flown, so there’s no nasty credit-card bills. As long as your phone is activated for international roaming, you can use it to make calls, receive texts, and, on BlackBerrys, receive email. By the end of 2012, we expect Aeromobile to be available on 13 of our aircraft. (Some countries like the USA don’t allow mobile phone use in their air space. In these cases, the system will automatically switch off.)

They actively encourage you not to use data roaming for Internet access as it is going to result in a cardiac-inducing phone bill.

While I am excited about the ability to send and receive SMS, I don’t much care about the phone calls. What I really want is in-flight Internet access on long transcontinental flights. The nearly 22 hours of flying time to New Delhi without connectivity makes me jittery. As for SMS messages — iMessage, Facebook Messenger and What’s App do just fine for me.

Lufthansa’s Flynet

Whenever flying across borders, I prefer Lufthansa, which is one of the more punctual and efficient airlines in a world dominated by penny-pinching and shoddy service providers such as United, American and Delta. And they fly pretty much everywhere. What makes them even more attractive  – they are promising to wire their entire fleet by the end of 2012 for WiFi access, though I’ve yet to be on a Lufthansa flight departing from San Francisco that has WiFi. But hope springs eternal. Even the APEX’s editor blog assures us that…

Lufthansa is offering in-flight high-speed Internet on about 60% of its long-haul fleet, and expects to complete installations of Panasonic Avionics’ Ku-band satellite-supported system across the remaining 40% by the end of 2012.

A former customer to now defunct Connexion by Boeing, Lufthansa reignited in-flight Internet service – dubbed FlyNet – in late 2010. It started with its Airbus A330s, moved to the A340-300s, and is now fitting A340-600s and Boeing 747s.

Today, I don’t normally get on a domestic flight without WiFi — think Virgin America. I bet soon, we will have similar expectations of international flights as well.

Related research and analysis from GigaOM Pro:
Subscriber content. Sign up for a free trial.


SlashdotProgramming — Now Starting In Elementary School

the agent man writes "The idea of getting kids interested in programming in spite of their common perception of programming to be 'hard and boring' is an ongoing Slashdot discussion. With support of the National Science Foundation, the Scalable Game Design project has explored how to bring computer science education into the curriculum of middle and high schools for some time. The results are overwhelmingly positive, suggesting that game design is highly motivational across gender and ethnicity lines. The project is also finding new ways of tracking programming skills transferring from game design to STEM simulation building. This NPR story highlights an early and unplanned foray into bringing game-design based computer science education even to elementary schools."

Read more of this story at Slashdot.


Opinion: Like the Video? I Wrote the Book

The drudgery of writing the book is over. So where’s the good stuff?

Boing BoingEarthquake and bombs in Italy: An eyewitness report from Jasmina Tesanovic


[Video Link.]

A weekend of fear and mourning in Italy.

Early this Sunday morning, an earthquake struck near Bologna: at least six killed (ceramic workers, and a hundred year old person), and big material damage in the region. The US Geological Survey heard the tremor: a magnitude-6.0 quake struck at 4:04 a.m. Sunday between Modena and Mantova, about 35 kilometers north-northwest of Bologna. Civil defence says that the quake was the strongest in the region since the 1300s. And the damaged building are valuable historical sites. In Italy such loss goes without saying.

We felt the earthquake in Torino, 260 kilometers from Modena at dawn. The apartment building shook and the late-night party people yelped with alarm in the streets. As I write this we hear the building crack and we tremble: I am checking on twitter. Yes, it' s an aftershock at 15.19.

Not unusual for Italy to deal with deadly earthquakes, but what comes afterward can be nearly as troublesome: state neglect and real estate speculation. Those who are not under earth may have the skies as a roof forever! The last big earthquake in Aquila in 2009 speaks about that.

On Saturday morning, a bomb exploded in front of a high school, killing a 16 year old girl and injuring several other students seriously. This school bears the name of an antimafia activist, but it seems this was a terror attack. As if this distinction mattered: what cruel frame of mind, what political activism wants to bomb teenage schoolgirls? What is this message supposed to convey?

Fear and anger among citizens: standings all over Italian towns in solidarity with bombing victims in the southern Italian town Brindisi, and loud opposition to the reign of terror of anonymous bombs against civilians. The "strategy of tension" was notorious during the "lead years" in the seventies and eighties.

Italy in these days is targeted as the next country after Greece to be tumbled out of the euro zone into severe recession and collapse. The new Monti government, struggling to undo Berlusconi's long unruly reign in mere months, is imposing grim economic measures. Monti was a banker, and now is a prime minister: the trade unions blame his approach as inspired by and for the financiers rather than the population. Even Italian lighthouses auctioned off to tackle public debt pile.

"They stand on imposing headlands with spectacular views of isolated bays and white sandy beaches, some of the most picturesque in the Mediterranean." (Telegraph, UK)

The rate of unemployment among young people is 40 percent.

Italian flags are at half staff for three days of mourning. The international press has been reporting on the school killing as well as the earthquake: the social networks are full of useful news and active support for concrete initiatives. This awareness doesn't stop the Italian earth from shaking, the euro from falling, or criminals from killing the innocent, but it's a vital sign in our modest domain of life.

Jasmina Tesanovic

Boing BoingLive indie web video coverage of NATO protest in Chicago: many streams, one post


[Tim Pool: @timcast on Twitter, Ustream video feed.]

In this post, embeds for some of the known live independent web video streams covering the NATO protests in Chicago today. Community Media Workshop has an even longer list of livestream feeds here.


[Luke Rudkowski: @Lukewearechange on Twitter, Ustream video feed]


[Occupied Air: @Occupied_Air on Twitter, Ustream video feed]


[Anon Codeframe: @codeframesf on Twitter, Ustream video feed]


[Occupy Eye: @occupyeye on Twitter, Ustream video feed]


[Sky Adams: @skyadams on Twitter, Ustream video feed]


[The Revolution Will Be Streamed (TRWBS): @trwbs on Twitter, Ustream video feed.]

Planet PythonLightning Fast Shop: Release 0.7.4

We just released LFS 0.7.4. This is a yet another bugfix release of the 0.7 branch.

Changes

  • Improved shipping and payment method management: display form errors; using ajax; issue #151.
  • Bugfix: send order_paid signal after successful callback arrived from PayPal; issue #198.
  • Bugfix: make PayPal callbacks work with csrf protection; issue #197.
  • Bugfix: catch wrong floats in calculate_packing.
  • Bugfix: fixed update cart after login for configurable products; #issue gh #8
  • Bugfix: cleaned up parameters and arguments of PriceCalculator.
  • Bugfix: don't pass request to PriceCalculator base_packing_price methods.
  • Bugfix: fixed calculation of package prices for configurable products.
  • Bugfix: Fixed wrong arguments in calls to voucher API. (Pavel Zagrebelin)

Information

You can find more information and help on following locations:

LFS moved to github

See here for more.

LFS on EuroPython 2012

We are sprinting on this year's EuroPython in Florence. Don't hesitate to join us, see https://ep2012.europython.eu/p3/sprints/ and LFS sprint topics for more.

 

Planet PythonLightning Fast Shop: Release 0.6.17

We just released LFS 0.6.17. This is a yet another bugfix release of the 0.6 branch.

Changes

  • Bugfix: fixed update cart after login for configurable products; #issue gh #8
  • Bugfix: make PayPal callbacks work with CSRF protection; issue #197 (Dmitry Chaplinsky)
  • Bugfix: Fixed wrong arguments in calls to voucher API (Pavel Zagrebelin)
  • Bugfix: catch wrong floats in calculate_packing

Information

You can find more information and help on following locations:

LFS moved to github

See here for more.

LFS on EuroPython 2012

We are sprinting on this year's EuroPython in Florence. Don't hesitate to join us, see https://ep2012.europython.eu/p3/sprints/ and LFS sprint topics for more.

SlashdotAssange Stands 'Real Chance' of Election In Australia

Okian Warrior writes "Various new sources are reporting the results of a recent Labor Party poll, indicating that Julian Assange would be elected to the Australian senate, should he choose to run. From the Sun Daily article: 'Controversial WikiLeaks founder Julian Assange stands a real chance of winning an upper house seat in his native Australia if he presses ahead with plans to stand for election, a poll showed Saturday. A survey conducted by the ruling Labor party's internal pollsters UMR Research and published in the Sydney Morning Herald newspaper showed 25 percent of those polled would vote for the whistleblowing website chief.'"

Read more of this story at Slashdot.


Op-Ed Columnist: Are You Safe on That Sofa?

Flame retardants illuminate everything that’s wrong with our money-driven politics.

TED | TEDBlog“We’re all indebted to change the status quo”: Short video from TEDxMogadishu

The organizers of the recent TEDxMogadishu send this short and thoughtful interview video, made just before the event. Meet four people who are committed to remaking their city after 20 years of chaos.


SlashdotApple Lifts Ban On the Word "Jailbreak"

Gunkerty Jeb writes "After banning the word 'jailbreak' from its app store and music library, Apple [Friday] reversed course and again permits the term — slang for hacking into a device to download unauthorized content — to appear on iTunes and its App Store. On Thursday bloggers noticed Apple had censored the word, using the Thin Lizzy album 'Jailbreak' as an example. For awhile, the title was listed as 'J******k' in Apple's music library, at least its U.S. version. In other instances, digital content continued to bear the full name Jailbreak."

Read more of this story at Slashdot.


Planet PythonKay Schluehr: Greedy grammars and Any

. in your regular expression

I only vaguely remember my first encounter with a parser generator which must by dated back to the late 1990s. I guess it was Spark by John Aycock, an Early parser. What puzzled me back then was the need to be explicit down to the character level.  Regular expression engines, albeit cryptic, were a revelation because one could specify the structural information one needed and match the rest using a ‘.’ which is the wildcard pattern that matches any character.

I came back to Any in the Trail parser generator lately. I was motivated by writing a reversible C preprocessor. Unlike conventional C preprocessors which are used in the compilation chain of C code, a reversible C preprocessor can used to refactor C code, while retaining the preprocessor directives and the macro calls. This is basically done by storing the #define directive along with the code to be substituted and the substitution. The substituted code and the substitution are exchanged after the refactoring step, such that it looks like no substitution happened at all.

A comprehensive C preprocessor grammar can be found on the following MSDN site. What is most interesting to us are the following two EBNF productions:

# define identifier[( identifieropt, ... , identifieropt )] token-stringopt
token-string :
String of tokens 

The String of tokens phrase this is Any+.

Bon appetite

Suppose one defines two macros

#define min(a,b) ((a)<(b)?(a):(b))

#define max(a,b) ((a)<(b)?(b):(a))

Obviously the defining string of the min macro can be recognized using token-string but how can we prevent that token-string eats the max macro as well? Once in motion token-string has a sound appetite and will eat the rest. The solution to this problem in case of regular expressions is to make Any non-greedy. The non-greediness can easily be expressed using the following requirement:

If S | Any is a pattern with S!=Any. If S can match a character, S will be preferred over Any.

In the production rule

R: ... Any* S ...
we can be sure that if S matches in R then Any won’t be used to match – although it would match if we leave it greedy. Same goes with
R: ... (Any* | S) ...

Non greediness in grammars

Grammars are more complicated than regular expressions and we have to take more care about our greediness rules. To illustrate some of the problems we take a look on an example

R: A B | C
A: a Any*
B: b
C: c
Any causes a follow/first conflict between A and B. Making Any non-greedy alone won’t help because a grammar rule or its corresponding NFA is always greedy! It follows a longest match policy and an NFA will be traversed as long as possible. So once the NFA of A is entered it won’t be left because of the trailing Any*.

Detecting the trailing Any in A is easy though. We solve the follow/first conflict with a trailing Any by embedding A into R. Embedding strategies are the centerpiece of Trail and they shall not be recapitulated here. Just so much: embedding A in R doesn’t destroy any information relevant for parsing. If A has been embedded Any* will be delimited by B to the right and we can safely apply R without the danger of Any consuming a token ‘b’.

Eventually we have to re-apply our embedding strategy: if A is a rule with a trailing Any and A is embedded in B and B has a trailing Any after this embedding  then B will be embedded wherever possible.

A short experiment

Here is a mini-Python grammar is used to detect Python class definitions.

file_input: (NEWLINE | stmt)* ENDMARKER
classdef: 'class' NAME ['(' Any+ ')'] ':' suite
suite: simple_stmt | NEWLINE INDENT stmt+ DEDENT
simple_stmt: Any* NEWLINE
stmt: simple_stmt | compound_stmt
compound_stmt: classdef | Any* suite

Unlike a real Python grammar it is fairly easy to build. All rules are taken from the Python 2.7 grammar but only file_input, suite and stmt remained unchanged. In all other cases we have replaced terminal/non-terminal information that isn’t needed by Any.

 

 

GigaOMPakistan blocks Twitter in another web culture clash

Pakistan has blocked Twitter because someone holding a drawing competition might run images of the Prophet Mohammed on the site, a no-no in the Islamic faith. Facebook apparently has agreed to take down the offending images while Twitter has not, according to a Packistani official quoted by the Associated Press. From the AP story:

[Mohammad Yaseen, chairman of the Pakistan Telecommunication’s Authority] said Facebook agreed to address Pakistan’s concerns about the competition, but officials have failed to get Twitter to do the same.

“We have been negotiating with them until last night, but they did not agree to remove the stuff, so we had to block it,” said Yaseen.

Instructions to block the site came from Pakistan’s Ministry of Information Technology, said Yaseen.

Such culture clashes are not uncommon on the web or even as people use the web to share their ideas. While it may seem like a violation of someone’s freedom of expression to remove offensive images from a Twitter account, other countries have laws that might be construed the same way. Several web sites including Yahoo have run afoul of laws in France (and in other European countries) that prohibit denying the Holocaust. Meanwhile, here in the U.S. Facebook regularly has to deal with culture clashes caused by the different values of its users.

The challenge is our morals are running into each other on the web and forcing companies and governments to compromise or get out of Dodge — see Google in China or Iran deciding to build its own Internet. Much like the first year of university is an eye-opening mix of new people and cultures that students have to adapt to, the web forces different people and their ideals together. So Pakistan blocking Twitter is kind of like that guy on your dorm floor who rips down the posters by the elevator that he doesn’t like.

The question is, will he grow out of it by the end of the year or will he retreat further into his dislike of whatever was on those posters to begin with? The Internet provides a venue for argument, but it also provides an opportunity for learning and an eventual resolution. It’s up to users, governments and companies to take that opportunity.

Related research and analysis from GigaOM Pro:
Subscriber content. Sign up for a free trial.


TED | TEDBlogThree TEDTalks converge in Manhattan

The topics of three different TEDTalks are converging this weekend in New York City …

Street artist JR, the winner of the 2011 TED Prize, is pasting a portrait of a young member of the Lakota tribe on a wall of Manhattan’s High Line Park — part of a massive tribute to the Native American nation that’s being pasted in North Dakota and around New York City. Watch the progress on our Pinterest. JR mentions this project in his newest TEDTalk, “One year of turning the world inside out”:

This project celebrates the lives of North Dakota Native American people. To learn more about these lives, watch this astonishing TEDx talk from National Geographic photographer Aaron Huey, whose work with nations in the Black Hills of North Dakota has led him to make this conclusion: Honor the treaties. Give back the Black Hills.

If you’re moved by this talk, learn more. Huey has teamed up with the artists Shepard Fairey and Ernesto Yerena for a series of Honor the Treaties posters you can download and share.

And finally, the Inside Out Project pasting is happening in the vast new public space called the High Line Park — whose creation is detailed in Robert Hammond’s TEDTalk “Building a park in the sky.” The High Line was born on an elevated railway platform once destined to be torn down — and it’s now inspiring more cities to take a fresh look at their unlikely green spaces.


Rupee in Free Fall and Galloping Inflation: Can the real Dr. Singh stand up NOW??

"I did it!" - Finance Minister Mukherjee

As we have been talking recently on Drishtikone, the situation in the Indian Economy is rather precarious. And this is reflected in two indicators:

  1. Free fall of the Rupee. In the trading on Friday, the Rupee hit a record low of Rs 54.90 to one USD.
  2. Sky high inflation in double digits. The urban inflation – CPI of 11.1 – is even higher than the Rural Inflation – 9.86.

With both, the currency in a fall and the inflation rising so high, the rates in the economy need to be high. So, there is no room for reducing the interest rates in the economy at all.

The scenario then that we face is very reminiscent of the pre-1991 situation – Lower Growth and Galloping Inflation.

Given that there is little work that the Monetary Policy (administered by the Reserve Bank of India) can really do, it is now the Fiscal Policy (administered by the Government of the day – that should take over.

And, it is here that the Government has been messing up completely!

The government has done little to stem the rot. On the contrary, it has been pouring fuel into the fire by making it more difficult to conduct monetary policy. Not only has it prevented oil companies from raising petrol prices (alleged to be deregulated), but it has let imports rip, and done nothing to curb food inflation, which is largely focused on protein items like milk, eggs, pulses – and vegetables.

In fact, every action of the government – whether it was rollback of FDI in retail, or reversing an eminently sensible railway budget – has been to send the wrong signals to investors outside and inside the country.

With policies that have facilitated high prices and also hitting at the Foreign Investment by coming out with policies that were remarkably short sighted.

The entire Brouhaha over the the cases on Yahoo, Google and Microsoft didn’t help much either.

Cosmetic steps like increasing the interest rates with the hope that people will start investing in the Indian bonds – specially the NRIs – is rather short sighted move and banks on the stupidity of the NRIs (and others). Because anyone with a bit of math skills can figure out the loss one has to take with a falling rupee. Why would I invest at 10% in a currency that has fallen over 20% in the last 2 years??

We need real steps and a real Government. And can the legendary – but elusive now – economist called Dr. Manmohan Singh please stand up?? Or will he make sure that this time he dumps the economy into a ditch that no one can it out of?


SlashdotPakistan Blocks Twitter Over 'Blasphemous' Images

Diggester writes with this news from the Times of India: "Pakistani authorities on Friday further widened the crackdown on websites with blasphemous contents by restricting access to popular social networking website Twitter. Pakistani users were unable to log into Twitter after internet service providers blocked access to the site." The block was prompted by Twitter's refusal to take down messages promoting a cartoon contest to which the Pakistani government objects for its depictions of Muhammad. This end-run falls right in line with the pessimistic reaction from Reporters Without Borders to the Pakistani court decision calling Internet censorship unconstitutional.

Read more of this story at Slashdot.


Wired Top StoriesA former pony-tailed student communist leading a rag-tag band of ex-Trotskyists, Maoists, champagne socialists and greens

*Given the state of things, it's a wonder that European "extremists" aren't a whole lot extremer than the likes of this guy. http://www.guardian.co.uk/world/2012/may/18/greek-leftist-leader-alexis-tsipras "I don't believe in heroes or saviours," says Alexis Tsipras, "but I do believe in fighting for rights ? no one has the right to reduce a proud people to such a state of ...


Twitter access blocked in parts of Pakistan

A lot of dictators and high strung powerful caricatures in Bollywood movies announce with certain grand standing voice – “Meri Ijazzat ke bina yahan koi parinda bhi nahin aa sakta” (without my permission, not even a bird can enter my area).

Well Pakistani Government loves to make that happen in the virtual world. It seems that it has surreptiously blocked the Twitter bird to enter their country in certain areas at least. Just that they are coy about clearly saying it.

So, while the Interior Minister Rehman Malik keeps announcing from his tweets – Dear all, I assure (you) that Twitter and (Facebook) will continue in our country and it will not be blocked. (Please) do not believe in rumours – the access to Twitter in Islamabad and parts of Rawalpindi is blocked. People aren’t able to access it from either their computers or their mobile phones.

It is probably the cartoon caricatures again at the center of it all.

TV news channels had quoted Information Technology Minister Raja Parvez Ashraf as saying that the government could restrict access to Twitter and Facebook as the sites were being used to circulate blasphemous caricatures.

Meanwhile, hopefully the little bird will make its way into the “Land of Pure”.


How Italians are using Money and Church to Subvert the Fishermen Shooting case

On February 15, 2012, two Indian fishermen, Ajesh Binki, 25, and Gelastine, 45, were shot dead by Italian Naval Guards aboard the ship Enrica Lexie, named Latorre Massimillano and Salvatore Girone, off the southern Kerala coast.

The Italians claimed that they mistook the boat as those of pirates, while the owner of the fishing vessel said that the firing was unprovoked.

The Italian ship was detained and two sailors were detained under non-bailable arrest.

As the case has been going on, there has been tremendous pressure from the Italians to subvert and short circuit the judicial proceedings. In that attempt, they have used money and even the services of Roman Catholic Church.

So, not only has the Italian Government given a compensation of Rs one crore for each of the slain, but also involved two Catholic priests, Father Churchill and Father Wilfred – to have the affected families make statements which the Italians can use to subvert the case.

The involvement of the Church was brought out by an Italian magazine.

The first evidence of such an influence came out in the open when Agenzia Fides in Rome reported that Cardinal George Alencherry “has taken an interest in mediating and seeking a peaceful solution to the delicate situation.

Fides had said that the cardinal had confirmed that “he has contacted the Catholic ministers who are in the government of Kerala”, announcing his constant interest until the case is “clarified and resolved peacefully.”

With the use of Church and money, the Italians have introduced at least two things in the case, which will benefit them to weaken the Indian State’s case against the Italian Sailors:

1. The families of the fishermen have written a legal letter to the Italian Consul General to say that they do not want the Italian marines to be prosecuted.

2. The relatives have stated that the incident occurred at 33 nautical miles from the Kerala coast. The FIR against the Italian marines by the Kerala police says that the incident occurred at 20.5 nautical miles.

Italians have used every diplomatic way to close the case as soon as they can, and in their hurry have tried using money, Church and subversion to get their way.

In a country like India, where the cases regularly are subverted, this may not be a big deal. But one wonders, how long can outsiders with a bit of money and power can take the citizens on a ride.

The Union Carbide’s injustice and connivance of the high and mighty of India is still a sore. The politicians will not help. Ultimately, only the citizens of India have to stand up and say – Enough is Enough!


GigaOM‘Can I help you?’: How LivePerson decides who’s worth the personal touch

Even if you haven’t heard of LivePerson, chances are you’ve encountered one of its products while browsing online. It’s the company behind many of the pop-up windows offering real-time chat with a representative, as well as other forms of online customer engagement. It’s also a treasure trove of consumer data that LivePerson uses to decide which visitors are worth what type of attention.

Essentially, LivePerson data scientist Vitaly Gordon told me during a recent conversation, the goal of LivePerson is to provide the same experience as shopping in a brick-and-mortar store — only better. Better for consumers, and better for the store. That means knowing who’s just there to browse, who’s there to buy and who might need a little nudge in order to pull the trigger on a purchase. And that means analyzing a lot of data.

LivePerson has approximately 9,000 customers and, Gordon said, their combined traffic is “roughly the traffic of Facebook.” LivePerson monitors much of that traffic to flavor its secret sauce — real-time models that help it decide what type of service a visitor actually receives. If a site is using the full spectrum of LivePerson services, options range from price reductions to live chat to live video. All told, Gordon said, LivePerson adds about 2 terabytes a day to its Hadoop cluster that helps build those models.

Because LivePerson gets paid for incremental sales (i.e., sales that wouldn’t have happened if not for its intervention), Gordon said one critical model determines who’s likely to buy regardless of whether they’re approached for a chat. But that’s only part of the story, because LivePerson also has to best utilize its customers’ resources, especially when there are potentially hundreds or thousands of consumers on a site at a time. If LivePerson’s models determines someone doesn’t need a personal experience, perhaps it will just offer them a slight discount on what they’re looking for. If it’s a big fish, perhaps an uber-personal, but resource-intensive, video chat is in order.

The models rank visitors on a scale from zero to 100 for every interaction the site might offer, Gordon said, and the right interaction might change by the second “because of something you did, or [because] time just passes by,” Gordon said. For example, if someone has stuff in his shopping cart, fills out his shipping information but then returns to the homepage, that’s a sign he’s probably leaving the site. LivePerson will try to reach him before he leaves, Gordon said, but even if it can’t, the site still might be able to personalize an experience if that shopper returns.

And you didn’t think all the text from those chat transcripts was going to waste, did you? LivePerson also has products for analyzing chat transcripts and doing sentiment analysis, even a dashboard for giving customers real-time information on what consumers are talking about and how they’re feeling, Gordon said. This can inform representatives’ decisions on how to respond, or maybe even help them determine that someone isn’t ready to buy and move onto someone else.

On average, he said, LivePerson ends up increasing retail customers’ incremental revenues by 20 percent by increasing the number of sales and the amount per sale. But it’s always looking to improve, which is why it bought Israel-based predictive analytics specialist Amadesa on Wednesday. At LivePerson’s volume — its customers do billions of dollars a month in transactions — Gordon said “even a 1 percent improvement in our modeling is a big deal.”

Feature image courtesy of Shutterstock user alexsalo images.

Related research and analysis from GigaOM Pro:
Subscriber content. Sign up for a free trial.


Op-Ed Contributor: Egypt's March Toward Democracy

The openness on display in this presidential election means the Egyptian body politic is maturing.

Planet PythonDoug Hellmann: virtualenvwrapper 3.4


What is virtualenvwrapper

virtualenvwrapper is a set of extensions to Ian Bicking's virtualenv
tool. The extensions include wrappers for creating and deleting
virtual environments and otherwise managing your development workflow,
making it easier to work on more than one project at a time without
introducing conflicts in their dependencies.

What's New

Installing

Visit the virtualenvwrapper project page for download links and
installation instructions.


Get Rich SlowlyReader Story: How I Use Superfrugality Month to Curb Lifestyle Inflation

This guest post from Marisa Bell-Metereau is part of the “reader stories” feature at Get Rich Slowly. Some stories contain general advice; others are examples of how a GRS reader achieved financial success or failure. These stories feature folks with all levels of financial maturity and income. Want submit your own reader story? Here’s how.

Every year in February, once the holidays are over and life is slowly returning to normal, my boyfriend and I undertake a project that helps us stop lifestyle inflation and save on the order of $300 each for the month. We call this exercise “Superfrugality Month” and the rules are pretty simple.

We don’t spend any money on non-essentials during the month of February. Once March first rolls around, we can spend money on wants again. That’s it in a nutshell.

Origins
When I first graduated from college six years ago, my roommate and I noticed that we spent a lot of money eating out, and not very much money at the grocery store. In our quest to become responsible grownups, we challenged ourselves to eat only home-cooked meals — no takeout, no restaurants, no exceptions — for an entire month every year.

Once I met my boyfriend a few years later and told him about my wacky annual February challenge, he jumped on board wholeheartedly, and we expanded the concept and renamed it Superfrugality Month, where the aim is to be extremely, super frugal.

The rules:

  1. No unnecessary purchases. At all. Not at the grocery store, not at the convenience store, nothing. Coffee from Starbucks, eating meals out (even lunch), and emergency gelato runs are all classified as “unnecessary purchases.” Sadly.
  2. Bank the savings. The leftover money at the end of the month is split between our savings account and our annual trip fund.
  3. Seriously, no unnecessary purchases. Plan accordingly.

One reason that Superfrugality Month works is that it’s a challenge with an expiration date. I can resist eating lunch at that place down the street for a month, but not for the rest of my life. Once March rolls around and I can get takeout from there again, it feels like such a fun treat, not something that has become rote and expected. Same goes for buying cookies at the grocery store and going out for coffee or brunch on Sunday morning.

Every year, March — the dreariest month in my part of the country — feels like Christmas all over again. The process of paring down my spending to the absolute essentials, and realizing how much I spend on nonessentials, really helps me curb lifestyle inflation.

This year, thanks to a serious caffeine addiction, I felt like I was owed my daily Starbucks until I denied myself it for a month and had to make coffee at home. I never went back to buying coffee out once Superfrugality Month was over this year and now I have extra money in my bank account every month.

Making it Work
As I have learned through personal trial and error, there are certain key things that make or break Superfrugality Month. They are:

  • Strength in numbers. Tell everyone, friends and strangers (like your barista) that you are doing Superfrugality Month. Ask them not to tempt you with invites to lunch or dinner for the next month. You will find that most people are sensitive to your situation, and some will even want to participate themselves! Superfruality Month has become an annual event among our friends.
  • Plan ahead. Map out meals like your life depends on it, especially if you tend to get weak-willed when hungry. I’ve learned to always have a granola bar in my purse and an easy boxed dinner in my cupboard.
  • Find fun free things to do. Superfrugality Month doesn’t have to mean that you sit at home by yourself for 28 (or 29) days, it just means that you have to get a little creative when it comes to entertainment. Have friends over for a movie night and watch something you already own and love. Host a potluck dinner where everyone brings their favorite dish. Check out what’s going on at the local library or a museum (many of which have free days). Pick up that paintbrush or guitar that has laid long-neglected. You’d be surprised how many ways there are to entertain yourself for free once you go looking for them. I’ve rediscovered hobbies and finished many previously-abandoned projects during Superfrugality Month.

The point of Superfrugality Month isn’t to deny myself life’s pleasures; it’s more of an exercise in making sure I really enjoy the things I spend my money on instead of taking them for granted. This ties in with the fifteenth tenet of the Get Rich Slowly philosophy: You can have anything you want, but you can’t have everything you want.

J.D.’s Note: I like one-month challenges, and I use them myself all the time. In fact, this month I’m doing “Every Day in May”, which is a challenge to get to the gym every day this month. So far, so good. Next month I’m doing “No Junk in June”, which is a challenge to eat only healthy, organic whole foods. I’m not always successful at these challenges, but they force me to be more mindful of my behavior.

Thanks to financially-savvy parents who set a good example and a personal interest in the subject, I have a good handle on my finances. I track my spending, max out my employer-contributed retirement account and personal Roth IRA, have targeted savings accounts, and carry no debt. But lifestyle inflation still creeps in, and usually around December I find myself bemoaning the fact that I have no money left by the end of each month. I start to get a little lax because I know I’m that overall, I’m in sound financial shape.

Superfrugality Month is a way to re-evaluate spending habits, take a good look at wants vs. needs, and make sure I enjoy the wants I choose to spend money on while disregarding the rest.

Reminder: This is a story from one of your fellow readers. Please be nice. After more than a decade of blogging, I have a thick skin, but it can be scary to put your story out in public for the first time. Remember that this guest author isn’t a professional writer, and is just learning about money like you are. Henceforth, unduly nasty comments on readers stories will be removed or edited.


GigaOMWill ‘crazy’ tax leave Berlin unable to compete?

What makes a city competitive for startups? VCs, angels and cheap desk space, to be sure, but also nuts-and-bolts stuff like transport and taxation.

As Om noted in December, Berlin’s airports are quite small, but the city had a plan. The two currently operational airports — Tegel and Schoenefeld — were supposed to be replaced in June by a new mega-airport, Berlin Brandenburg.

But then disaster struck. In a sore blow to anyone still harbouring stereotypes about German efficiency, officials admitted at the start of May that the airports fire safety systems were not yet ready. And yesterday it emerged that the opening date has been pushed back by an embarrassing nine months to next March.

This is humiliating for the German capital, a city that wants to reposition itself as one of the world’s premier technology hubs, and — as a result — has upset a number of local companies.

“The airport screw up is really sad and not worthy of a capital city in Europe. It looks really unprofessional,” productivity startup 6wunderkinder told me.

However, the company does not think it will have any direct impact on the startup scene – a view shared by others I spoke to. What they’re far more worried about is a new compulsory pension contribution for freelancers aged under 30, that’s set to kick in from mid-2013.

‘Crazy’ taxation

The government is forcing young freelancers to pay into their pension pot, something that has been causing quite a stir recently — infact, a petition against it has racked up almost 60,000 signatures. But what’s the problem here? Pensions are good, right?

People might be a bit more enthusiastic about the move if it weren’t for the fact that the contributions (€250-€300 a month for the pension and €100 for disability insurance) are not going to be linked to income. And the fact that the minimum earnings threshold for the scheme is just €400 a month. You do the math.

As Gidsy CEO Edial Dekker told me, it’s “crazy that freelancers have to pay for the broken pension system,” particularly given the high levels of health insurance and social security that they already have to pay.

“Instead of helping freelancers, they’re being charged with something that is very likely not going to be beneficial for them personally later,” Dekker said. “I think one of the most exciting things about our generation is that a lot of people are doing small jobs and that no one thinks about working for the same employer for the upcoming 30 years. It’s good, and should be supported.”

6wunderkinder also took the stance that being a freelancer is not just a job but “a starting point into self-fulfilment”.

“But starting as a freelancer isn’t always easy and being forced to pay a lot of money might stop a lot of people to start their own business,” the company warned.

That said, not everyone agrees on this point. Prominent local angel and Phonedeck co-founder Christophe Maire called the issue “a false problem.”

“Great companies are not — as a rule — built by freelancers but by full-time core employees dedicated to a product,” Maire argued.

“This freelancer thing is so 90s.”

Related research and analysis from GigaOM Pro:
Subscriber content. Sign up for a free trial.


Wired Top StoriesThe DIWire Bender, a wire-bending fabricator.

*Gosh, I love wire art. I bet there's some way to mash-up an app for Calder-style mobiles to a gizmo like this, and go completely nuts. *That's really a beautiful example of "cheap complexity" in 3d manufacturing. The DIWire Bender by PENSA! 2 weeks 3 days ago "The DIWire Bender is a rapid prototype machine that bends metal ...


Seth's BlogA true story

Of course, that's impossible.

There's no such thing as a true story. As soon as you start telling a story, making it relevant and interesting to me, hooking it into my worldviews and generating emotions and memories, it ceases to be true, at least if we define true as the whole truth, every possible fact, non-localized and regardless of culture.

Since you're going to tell a story, you might as well get good at it, focus on it and tell it in a way that you're proud of.

“Sorry, but it’s not my fault”

I have neglected my blog for weeks, even months. A couple of people — which just about covers the entire readership of this blog — noticed and even wrote to me asking after my health. I wish to apologize to the two of you and say, “Sorry, but it’s not my fault.” You may find it somewhat incredible but allow me to explain.

It’s not my fault that I did not find time to write. Circumstances compelled me. First there are those awful distractions. The web is full of very interesting stuff to read and watch and listen to. People keep emailing me links to visit. They are to blame. That’s a black hole that sucks in huge chunks of time. You couldn’t blame me, could you?

Then I had visitors. I think they were important visitors although you may disagree. In any case, major time sinks. Blame those visitors, not me. Then of course there’s my roommate. The guy does not pull his weight around the apartment and I have to take care of things around the house. He’s to blame.

You may say that perhaps I should be prioritizing better. You may say that I should know how I should allocate my time better and not waste it on surfing the web. But really I am an innocent victim of circumstance. Yeah, that’s it. I am a victim. I am the injured party, and I claim “the holiness of always being the injured party” as Maya Angelou so eloquently put it.

At this point you may object saying that I am making excuses, rather transparent and flimsy ones at that. Perhaps you’re right but I am taking my cues from very important and famous people. I learn from examples. My greatest inspiration is our dearly beloved fearless leader, Dr. Manmohan Singh. He is unable to do the right thing because he is — as he readily and frequently asserts — bound by circumstances.

It’s never his fault. Every crappy thing he does, he does because he is a victim of this, that or the other. He’s in control but he is not in control. He is the most powerful political figure in India and yet he is powerless to do anything at all. If you notice the contradiction in that, you are one step ahead of Dr Singh. And may I remind you that he is a shining example of probity and moral excellence. I am merely following his example in attributing his failures to everyone and everything else. I refuse to take responsibility and with that I absolve myself of taking any corrective actions whatsoever.

This refusal to take responsibility is not limited to the high and the mighty. Perfectly ordinary people do it too. A few years ago a good friend of mine came to me with his tale of woe. His marriage had hit a rough patch. His wife, Urvashi (not the actual name, to protect the utterly blameless) had arrived at the totally reasoned position that my friend was the cause of all her troubles, personal and professional. According to her, she was perfect and was an ideal wife, while he was the personification of evil. She was the victim of an evil genius. The marriage was on the rocks because he needed to change. She, on the other hand, being perfect, had nothing to change. After all, who can reasonably expect her to step down from her perfection and make changes, eh?

It does not take a marriage counselor to guess that that marriage did not end up happily.

Just recently another friend told me about her teenage son. The son was the “victim” of unreasonable parents, messed up teachers, corporate greed (cell phone companies and the makers of electronic gadgets), and so on. It was all a massive conspiracy arrayed against him and it threatened his very existence. The universe owed him happiness and it was not delivering. As he was a victim, he was blameless and he could not take any responsibilities for fixing the situation.

There are endless examples of people blaming others for their troubles. No doubt you have given in to the temptation of declaring yourself a victim some time or the other. I know I have, and I feel ashamed for doing it. It’s an universal human failing to deflect blame from oneself, “an admirable evasion,” as Shakespeare put it so beautifully. “This is the excellent foppery of the world, that, when we are sick in fortune, often the surfeit of our own behaviour, we make guilty of our disasters the sun, the moon, and the stars; as if we were villains on necessity; fools by heavenly compulsion; knaves, thieves, and treachers by spherical pre-dominance; drunkards, liars, and adulterers by an enforc’d obedience of planetary influence; and all that we are evil in, by a divine thrusting on.”

Playing the victim part in the great game of life isn’t just for individuals. Groups do it often enough and do it quite successfully — if success is appropriately defined. Entire collectives of people make it a way of life, of accusing others of oppressing them. Sometimes the claimed oppression cuts across great swathes of geography and centuries of time. Minorities, we are told in India, are victims, and they have been victims for hundreds of years. And having donned the mantle of the oppressed, they can not only do no wrong but are not required to do anything to help themselves. They are simply entitled, and as the aforementioned erudite and wise prime minister of India, Dr Manmohan Singh — let’s not forget a victim by his own estimation and in his own right — said, “the minorities have a first claim to India’s prosperity.”

Being oppressed at once sanctifies one’s existence and relieves one of any responsibility at all. That responsibility is the burden of the other. My roommate or my spouse, or my co-workers, or my friends — they are responsible for the disaster that my life is. If only they took their responsibility seriously, I would be a success.

The immorality of this victim position aside, the consequences of this attitude are serious. Successful people don’t play the victim. Not only they don’t play the victim, they refuse to be victims. Successful people take responsibility for their failures and their shortcomings. They are in control. They choose how and on what terms they meet the world. It is not that successful people never make mistakes. They do, but built into the responsibility-taking mechanism is the way to correct for their mistakes and continue to be in control. Successful people don’t whine and complain that the universe owes them.

Unsuccessful people play the victim and, in time, consent to being victims because that’s how they define themselves. They don’t see themselves as winners but compete to be losers. They loudly proclaim that they are more oppressed, more poor, more powerless, more worthless — and therefore more deserving of charity, more deserving of consideration, more deserving of handouts — more deserving and “more equal” than others.

This attitude of being helpless innocent victims of external forces simultaneously absolves them of any responsibility for their sorry predicament and excuses them from exerting any effort in solving their own problems. They themselves block their way out of trap of their own making.

It seems to me that success and ability to assume responsibility are causally related, and the direction of causality is from being responsible to being successful. I should hasten to add that by “successful” I do not mean that one is rich, although being materially comfortably off is a necessary — but not the only — component of being successful. One does not have to be a millionaire to be successful. Success, as I see it, is that state of being where one is not in conflict with oneself, with others, and with nature — in that order. It is quite feasible to be only modestly materially well off and yet be successful in the sense defined above; conversely, one can be fabulously wealthy and still be miserable due to conflicts, internal or external.

To be a victim, one has to be party to a conflict. The relationship between the oppressed and the oppressor is not one of amicable friendship. If one is determined to be a victim, one has to be engaged in conflict — and manufacture a conflict if there isn’t one. Absent conflict, there would not be a victim.

The world is not, and never has been, a place of unfettered peace and tranquility. There have been and there will continue to be conflict. The modern world is unique in the sense that it has given rise to conditions that conflicts are manufactured for the sole purpose of manufacturing victims. Being a victim is good business in some parts of the world and thus comes into being the industry that manufactures victims and victim-hood by the truckloads.

The manufacturing victim-hood industry is large and flourishing. It has a superbly efficient supply chain, stretching from the highest political peaks to the lowliest man on the journalism totem pole. The prime minister Dr Singh has figured out that not only is he a powerless victim, but he is also the protector of hundreds of millions of other victims. The top journalists generally don’t claim to be victims themselves (unless they get caught with their pants down, in which case they squeal like stuck pigs) but do declare loudly whole sections of the population to be victims. These people make an enviably decent living from the culture of manufactured victim-hood.

Just a couple of days ago I was reminded of how lucrative this victim-hood industry is. I was asked on twitter to comment on a talk by P. Sainath. The video is on YouTube. I watched it — the whole hour and fifteen excruciating minutes of it. I watched it because I am like that only — a victim of the demands that people make on my time. But since I have watched it, I will comment on it tomorrow.

Sorry but I will have to call it quits for now. Don’t blame me. I am not at fault. I am just a victim of the tyranny of time.

Exposures: The Vanishing Valley

The issues in the Great Central Valley are the global challenges of our time: water, land use, population, economic disparity.

Nick BradburyFarty Shoes

One recent rainy morning, I stopped at the grocery store after walking my dogs in the park.

As I strode into the store I realized that my wet shoes were making farting noises with every step. I tried walking more slowly, but that just resulted in slower, deeper farts.

So I paused for a moment, too mortified to move. Then like any geek of good conscience, I asked myself, WWJCD?

"What would John Cleese do?"

Suddenly the moment was transformed from one of extreme embarrassment to one of merriment. I put on my best Cleese straight-man face and continued walking, all the while pretending I had no idea the flatulent feet were attached to me.

If an unexpectedly boisterous blast burst from my soggy sneakers, I'd look around as though someone else was to blame and I was offended by their presence.

When the shopping was done I picked up the pace, resulting in dozens of quick squeaky blats following me as I left the store.

I have no idea what anyone else's reaction was, but I certainly had a good time.

So if you ever find yourself in an awkward situation, don't worry about it. Just ask yourself, WWJCD?Everything will be fine after that.


GlassboardWhile you're here I hope you'll check out Glassboard, an app designed for private sharing. I write the Android version of Glassboard.


Random Thoughts of a Demented MindSome of My Favorite Kolkata Bongisms

Thanda lege jaabe. Translation: You will catch a cold. Bengalis love Nature. After all, about 36.4% of their rhymeless poems, scribbled on the back of cigarette cartons and paper napkins, are about its assorted glories. (The rest are about Prem or love). But Nature, the heartless seductress, remains cold to them. Literally. Wise men have not been able to find out what exactly it is about the Bengali genetic structure that makes them as susceptible to the common cold as Raina is to the short ball. Whatever be the reason, Bengalis are mortally afraid of catching the chill. And for good reason. Which is why when the mercury dips oh-so-slightly, you will find them wandering about in gear that would look excessive at the North Pole—brown monkey-caps, grey sweaters (typically called “pullovers”) yards of mufflers and woolen socks. The Bengali might keep the windows of his mind open (like the legendary Sidhu-jyatha of Feluda lore) but, come spring, will definitely keep the windows of his room closed. Because the first breeze of spring, as his grandmother used to tell them, is deadly (praanghati).

Season change hocche. Translation: It is because of season change. Ask a Bengali why his nose is running or why he is substance-abusing on Crocins. The answer will most likely be “Season change.” No one questions the logic by which seasons change every day of the year, or how one perceives the changing of season in a place like Kolkata, or for that matter, how exactly does any change of season bring about different maladies. No one asks. Because they themselves are too busy being sick. From season change.

Moshaari tangano hoyeche? Translation: Have you deployed the mosquito net? Bengalis may not believe in God. But they sure do believe in the magical powers of the mosquito net, the closest they can come to possessing Harry’s Invisibility Cloak. If a nuclear device is ever dropped on Kolkata or a meteor decides to hurtle towards us (unlikely an event that is, since cosmic bodies, following the example of industries, avoid this part of the world), Bengalis will, without breaking a sweat, go into their mosquito nets, convinced that the bomb or meteor will bounce off like a stubborn mosquito. Now if it could only have protected us against season change…

Bokachoda..Translation: Moronic Fornicator.If there is one Bengali word a non-Bengali knows, it is this. The iconic swear-word is the Bong F-word. Depending on the context and the way in which you say it, it can convey anger, wonderment, sadness, disappointment, arousal, excitement or joy. As an added advantage, you can take out the “Boka” and attach different pre-fixes (“pagla” [mad], “chagol” [goat], “chomchom” [a sweet]) behind the “Choda” and each combination becomes a lethal swear-word, a perfect example of code reuse. So great has been the influence of this word that one of the first websites in India to be banned (the owner was also arrested) was bokachoda.com (around 1999) for its anti-CPM and sometimes anti-Bengali vitriol.

Horlicks kheyecho? Translation: Did you drink your Horlicks? That Horlicks is the secret behind the sturdy Bengali constitution is well known. What gets less attention is its contribution to the copyrighted Bengali male seduction technique. While many think that the awesomeness of the Bengali man’s kiss comes from practice acquired through a lifetime of slurping hot tea from a saucer, the truth is slightly different. It is Horlicks. As Prasenjit, the doyen of Bengali movies, has said.

Two actors, who don’t know each other and have to do a liplock that can stretch to 11-12 minutes. So between the takes I would go to her and say, “Have one biscuit or some Horlicks”

Yes. Horlicks and a thin arrowroot biscuit. Their mixture of carefully balanced nutrients provides stamina for lip-lock-outs . Furthermore, sharing a cup of Horlicks and biscuits, like oysters and wine, sets the mood for intimacy. And accept it, there is nothing a woman likes more than the intoxicating mixture of undissolved Horlicks clumps and Marie biscuit fragments off the lips of one’s paramour. (For further proof of the impact of Horlicks on the Bengali pysche, please see this [clip in Bengali])

Oh ma/ Baba re Translation: Oh mother/Daddyy. Nyakamo. The eyelid fluttering, back-arching, “I am a woman but yet a girl” faux-femininity that Kolkata Bengali females are famous for. And nothing says “nyaka” more than the “Oh ma/Baba re” at the beginning of every third sentence, almost as if every moment of existence is too much of a burden for these lovely ladies. Broken nail. Bad hair-day. Domestic help late for work. Terrorists massacre thirty. For everything the response is canned. “Oh ma/Baba re”.

Sob USA-te export howe jacche. Translation: Everything is getting exported to USA. In the Bengali dictionary of causology, the imperialists/USA were usually held responsible for everything bad, from rising prices to Mohun Bagan losing to Salgaoncar. (Now of course the imperialists have been replaced by Maoist/CPM, as per dictat of our great and glorious leader.) The black hand of unbridled capitalism was seen everywhere, particularly in the rising prices of essential commodities like hilsa fish, shrimp and mangoes. According to Bengalis, prices would have remained at the 50s level (1850s) had it not been for greedy “bourgeois” merchants exporting all these essentials to the US. Pretty logical I felt. Till I came over to the US where I find fish from Costa Rica and mangoes from Mexico, leading me to wonder, “Where do all those exports vanish?”

Dada ki party koren? Translation: Do you party sir? In other parts of the world, the word “partying” brings up images of beer boots, wet Tshirt contests, sandwich dances and overall debauchery. In Bengal, partying means sitting on dusty wooden chairs below large pictures of Marx and Lenin and discussing the fate of the Sandanistas and setting the question papers for the Board exams. In the 80s and the 90s, the “Party” meant the Communist Party of India Marxist and whether you were “in” or “out” of it determined whether you were “in” or “out” of the pyramid scheme of privilege that the “Party” was. Now of course the value of the “Party” variable has changed. Nothing much else.


Wired Top StoriesA Google-a-Day Puzzle for May 20

Google's daily brainteaser helps hone your search skills.


ongoing Laugh at an Eagle

They’re serious, fierce-looking birds; except when they’re not.

Two eagles in a tree

These two were hanging out next to our cabin, so I settled down with the big lens on the camera, hoping to get a dramatic shot of one or both taking wing. One somehow snuck off while I wasn’t looking, and then the other decided it needed to clean up. This went on for a remarkably long time.

Eagle grooming Eagle grooming Eagle grooming Eagle grooming Eagle grooming

I can report that the process works great; that was a fine-looking eagle when it finally flew away. I missed that shot too.

India’s Education System – Corrupted, Inefficient, Dishonest and Failed?

"Degree" Hungry Country

India, unfortunately has become a country high on “symbolism” and “tokenism”. And this is generally known as “Getting the Stamp”. Therefore, there is a clamour to get in to the IITs. Since there were only 4 to begin with, and more couldn’t be created, the Government came to the help of the hapless, stamp-starved parents of kids. They arbitrarily ‘labeled’ many more who weren’t. Simply one day a college was called an IIT. To heck with the fact that IIT meant a certain quality of education and output.

This clamour for “stamps” has mushroomed thousands of Engineering colleges, which – it is said – the very mention of them have given sleepless nights to Barack Obama and his education groups. But are the thousands of “Engineers” coming out of these .. well.. “Stamp colleges” really Engineers? That is debatable. In fact in most cases not so.

Such is the ignominy of the graduates of such colleges that, in order to remain useful for job market, they go take computer programming classes at NIITs – local vocational institutes. The following claim shows the damning picture of India’s “Stamp Crazy” Education system.

Muddying the picture is that on the surface, India appears to have met the demand for more educated workers with a quantum leap in graduates. Engineering colleges in India now have seats for 1.5 million students, nearly four times the 390,000 available in 2000, according to the National Association of Software and Services Companies, a trade group.

But 75% of technical graduates and more than 85% of general graduates are unemployable by India’s high-growth global industries, including information technology and call centers, according to results from assessment tests administered by the group. (emphasis added)

The real import of these figures is that – we might as well have not opened these so-called Engineering colleges. Yes, the 75% of them!! If the NASSC’s figures are to be looked in light of the claim later, only 375k out of 1.5 million graduates are employable. Astounding 1.125 million students are paying a lot and studying hard to become unemployable! If that is not sick and unfortunate, what is?

Pratham survey results

The mess is not just confined to the higher education, even at the school level, the claims of literacy really mean nothing. See these results from a Pratham survey for example:

Another survey, conducted annually by Pratham, a nongovernmental organization that aims to improve education for the poor, looked at grade-school performance at 13,000 schools in rural areas in India, where more than 70% of the population resides. It found that about half fifth graders can’t read at a second-grade level in India.

If 50% of the school kids in rural areas are not even ready to read at 3 grade levels below their current levels, then where are they going? The gap will only increase as they go on.

Education Mess a Mirror of Society?

Make no mistake, the entire mess is symptomatic of the mess in the current society itself. The corruption of individuals at such deep levels that it is not even realized.

The worst thing that has happened is that somehow the “2k Issues” in the computer world, catapulted India’s then starved computer educated populace – well educated and world class, but without jobs – to world’s center stage. India became a brand. Brown man or woman was considered “God’s Gift” to Information Technology. In many cases, it was so. But like all generalizations, it was an exaggeration. And remains.

Once the stereotype was established and businesses moved their back offices and technology work “lock, stock and barrell” to India, it was considered a sign of lunacy to even argue against shifting work to India. In fact, today, even at the higher and senior level executives are afraid – yes, afraid – to even say that their Indian operations are not really working for them. They have to “make it work” – as it saves money for the shareholder, and legends say that it works!

Such easy success sponsored by world’s pussilanimity is breeding over-confidence now surely in the region of Superiority complex backed by little concrete. There is a strange sense of entitlement. Without the necessary effort or even scruples. Look at this case of cheating in an engineering college:

Mr. Singh and several other engineering graduates said they learned quickly that they needn’t bother to go to some classes. “The faculty take it very casually, and the students take it very casually, like they’ve all agreed not to be bothered too much,” Mr. Singh says. He says he routinely missed a couple of days of classes a week, and it took just three or four days of cramming from the textbook at the end of the semester to pass the exams.

Others said cheating, often in collaboration with test graders, is rampant. Deepak Sharma, 26, failed several exams when he was enrolled at a top engineering college outside of Delhi, until he finally figured out the trick: Writing his mobile number on the exam paper.

That’s what he did for a theory-of-computation exam, and shortly after, he says the examiner called him and offered to pass him and his friends if they paid 10,000 rupees each, about $250. He and four friends pulled together the money, and they all passed the test.

“I feel almost 99% certain that if I didn’t pay the money, I would have failed the exam again,” says Mr. Sharma.

You can bet that the case of Deepak Sharma is not a unique one. It is actually reflective of the unscrupulous system that we now find rampant in India at every level – from schools to colleges to even the highest echelons of the Government!

I was talking to a research visiting Professor from Chandigarh’s Punjab University today and she said something interesting. She said with a laugh that in Punjab “we usually have the Education Minister always an illiterate person. The Education Minister is the ONLY one who gets his salary not by signing but by putting his thumb impression!”. It may not always be a fact. But it is true. It is true from the systemic and knowledge stand point.

How to change this?

Some companies which are directly affected by this lack of properly educated masses are making investments. Like WIPRO has started a program – called Mission 10X – to train the teachers in using the correct pedagogy techniques in teaching the engineering students.

“Before, I didn’t take the students into consideration,” says Vishal Nitnaware, a senior lecturer in mechanical engineering at SVPM College of Engineering in rural Maharashtra state. Now, he says, he tries to engage them, so they’re less nervous to speak up and participate in discussions.

Instead of either standing with his back to the students and writing on the board or facing them but only to lecture – afraid of engaging – these teachers have just made one change – Engage the Students! That has brought a huge change to the level of how the students are responding to their classes.

Yogesh Nerkar, principal of PVG College of Engineering and Technology in Pune says attendance in his classes soared when he applied the techniques he learned in the workshops after participating in one in 2008. Nearly 90% of his students attended his classes last year, he says, a big increase from the 40% who used to show up under duress before he participated in the workshop. He says he’s put projectors in all classes so professors can use audiovisuals to explain diagrams instead of spending a big part of their time drawing on the blackboard.

“Before, I was just presenting my views in class. Students were not taking interest, but because we made attendance compulsory, some students would come,” he said in an interview in February.

More and more companies and private effort will need to be expended on the education system, if we have to improve the future of India.

If the future generations, brought up a sense of entitlement where they think they “own the future of the world” – have to come even close to their dreams, they will have to work very hard.

More importantly, we will have to work harder!


rediff.comImages: Chelsea cross final frontier to become Champions

Chelsea cleared the final hurdle in a season of never-ending challenges when they beat Bayern Munich 4-3 on penalties in the German team's Allianz Arena stadium to be crowned European Champions for the first time on Saturday.

rediff.comMamata's red rage for change and progress faces skepticism

City of Joy singing blues as Didi celebrates one year in office at Writers' Building. Ishita Ayan Dutt reports

rediff.comTendulkar, Smith lead MI to thumping win over RR

Dwayne Smith and Sachin Tendulkar struck fluent half-centuries in their record 163-run opening stand as Mumbai Indians cantered to a 10-wicket win over Rajasthan Royals in the last league game of the Indian Premier League in Jaipur.

rediff.comIMAGES: 7 more cars that are coming soon to India

This year too carmakers are geared up to pump in some fresh blood to their existing cars to keep them in the fray.

May 19, 2012

Emergic: Rajesh Jain's BlogBlog Past: Indian Elections Data

We have finally begun this project that I had written about a year ago:

I was looking for data on past Indian elections – Lok Sabha and Assembly elections over the past 10 years. One obvious source is of course the Election Commission site but what they have is mostly PDFs and some XLS files (could not find XLS files for 2009-2011 Assembly elections). I am looking for the following:

  • a website where I can do drill-down analysis , at the constituency level, see how the voting patterns have changed across Lok Sabha and Assembly elections in a particular constituency
  • Raw XLS files for all Lok Sabha and Assembly elections from 1998 onwards (including the most recent ones). Like I said, the EC website doesn’t seem to have the last three years assembly elections XLS
  • visualisation software recommendations that can help present the data in a way that can support decision-making

Any recommendations? Would any one of you be willing to work together with me to help create this by aggregating bits that are available?

My goal is to make a site that has all the info readily available for analysis and comparison. It will allow us to see how voting patterns have changed in India. Ideally, we should overlay this with socio-economic data at the constituency level.  If something exists, I’d like to see it. Else, let us work together to create it!

The Django community aggregatorNous projectes i nous reptes

Aquestes darreres setmanes, mesos fins i tot, han estat força intenses. Amb projectes que han duit moltes hores i que al final han sortit.

Rasec de Guillermo i companyia va representar posar en marxa una aplicació que va duu més de tres mesos de feina, però amb uns resultats inicials més que encoratjadors.

Pel nostre client de referència en el món turístic Fiesta Hotel Group hem posat en marxa tres noves webs en poc temps:

  • http://www.ushuaiabeachhotel.com/. Unes fotografies realment precioses que fan ganes d'anar-hi.

  • Sa Talaia Boutique Villa. En la mateixa línia que l'anterior i amb la idea de donar aquesta sensació de proximitat i unió entre els dos conceptes d'hotel.

  • Hotel Mallorca Rocks Com concepte d'hotel-concert, que tans bona acollida ha tingut dins Palma com a alternativa al sol i platja tradicional.

Tot això amb Python i Django com podreu suposar. Pel tipus de feina en que ens anam especialitzant cada projecte és un poc diferent. Al nostre voltant hi ha empreses que se dediquen a "fer planes web" que duen molts anys i quan veus el que han fet te n'adones que han anat repetint el mateix patró, el mateix disseny una i una altra vegada. És una altra manera de fer feina, a mi el que m'agrada és la varietat, que cada projecte representi quelcom nou.

I com que després de fer tanta feina ens fa ganes divertir-nos, surten idees com l'ensaimeitor una aplicació que parteix d'una llibreria que vaig fer per us intern i que mig en broma mig seriosament hem posat a la web per si serveix a algú més. Es tracta de generar informació per omplir i testejar aplicacions web.

I com no, també he de parlar d'un altra projecte que ens fa il·lusió per la novetat que representa per nosaltres i per la gent que hi ha implicada. És el projecte Spokenpic que fem com a "joint-venture" amb la gent de Menéame. Està resultant un projecte força divertit, que fem gairebé al 100% com a projecte fora d'hores habituals. I el que més en @gallir, que té uns horaris de feina molt desbaratats, programant a les 3 i a les 4 de la matinada.

Fa poc Spokenpic va fer-se públic. El "secret" ja no se podia mantenir per més temps, així que ara anam fent canvis i millores. Trob que per la gent que programau i llegiu aquest blog segurament també us serà interessant seguir-ne l'evolució del projecte, com a poc a poc es van afegint funcionalitats a partir de l'estructura bàsica.

Com a aventura que és Spokenpic no sabem on arribarà, però el que és ben cert és que ens ho estam passant d'allò més bé amb el projecte. Fer feina amb gent que es tant o més friki que nosaltres ens diverteix molt. El projecte és un repte molt interessant, ja que comporta la coordinació de dos equips de programació, amb dos llenguatges de programació diferents. On tothom tenim altres feines i la coordinació és fa al 90% amb mails i el gestor de projectes. Amb els horaris de Ricardo és com si féssim feina a franges horàries separades! :)

Encara hi ha moltes coses que resoldre, moltes característiques que ens agradaria posar-ho, però ara per ara el més important és veure què opinen els nostres primers pre-alfa-testers. A poc a poc anirem ampliant els cercles de testejadors. Trobam que pot ser una eina molt interessant per certs sectors de gent i certes ocasions, però qui ha de validar si la idea és bona o no, la idea és mostrar el que hi ha fet i validar la idea, si funciona fantàstic, si no té bona acollida, doncs mira, ens haurem divertit molt de totes maneres. En Ricardo ho conta molt bé a spokenpic fotos relatadas.

I això és tot, projectes i més projectes. Estam entretinguts darrerament i això és el que més m'agrada.


0 comentaris, 0 trackbacks (URL)

Automatic translations of this post by Apertium

Null PointerMy Weekly Twitter Updates for 2012-05-20

FreakonomicsPushing My Luck on the Preakness

(Photo: Tsutomu Takasu)

The dangerous thing about gambling is that you happen to win sometimes, just by chance.  The gambler is quick to take credit for successes, but can always find some external factor to blame for losses.

Case in point: my Kentucky Derby picks.  I picked three horses out of twenty starters: one to win, one to place, and one to show.  The horse I picked to win had some terrible luck, hurting his ankle and eventually finishing 19th.

The horse I picked for second, I’ll Have Another, ended up winning the race.  Bodemeister, my third-place pick, finished second.   A two dollar exacta-box on my top three horses would have cost $12 and would have returned $306.

I also picked a horse to finish last, Daddy Long Legs, and he indeed finished dead last.

So, like the gambler I am, I take credit for the good outcomes, and write off my horse finishing 19th as merely bad luck.

And, of course, that means I will push my luck on the Preakness, which goes off today.

I wish I had more exciting picks, but this time my algorithm likes the two favorites, Bodemeister and I’ll Have Another.  For third, I’d go with Optimizer.

TED | TEDBlogPlaylist: The roots — and effects — of income inequality

Explore these TEDTalks that discuss income inequality — what causes it, the brutal effects, and how we might fight it.

Start with this talk from Richard Wilkinson, whose 2009 book The Spirit Level gathers decades of research to draw this conclusion: Societies with more income inequality suffer — in utterly predictable ways — more than societies that are more equal.

(And read the TED Blog’s in-depth Q&A with Wilkinson, in which he talks about the moment he realized economic inequality was a measureable problem.)

Next, watch Van Jones’ powerful talk on a specific outcome of economic injustice: If you’re poor, your neighborhood gets trashed.

For a followup, watch Majora Carter’s classic TEDTalk “Greening the Ghetto” — which shows the effects of income inequality on her home in the South Bronx, and offers triple-bottom-line solutions for raising incomes and reducing environmental damage.

And do not miss Bryan Stevenson’s TEDTalk about economic injustice and its consequences — with a bold call for everyone to look honestly at the problem: “We have a system of justice in [the US] that treats you much better if you’re rich and guilty than if you’re poor and innocent.”

Find more talks on inequality >>


TED | TEDBlogTEDxMogadishu report: A rebirth of hope

From the TEDx Tumblr, this inspiring story:

TEDxMogadishu — the first TEDx event in Somalia — will happen tomorrow, May 17, and livestreamed around the world.

Update: Read press reports from TEDxMogadishu >>

On May 17, between 50 and 100 people from diverse backgrounds will attend the event to listen to Somalis discuss the rebirth of Mogadishu. The event will be livestreamed for Somalis who can’t attend (e.g., the diaspora) and people who are interested to learn about the positive changes happening in Mogadishu.

The goal of the organizing team is to build a foundation for more events in the future, and to hopefully give Mogadishu a steady and fresh platform for spreading ideas. We spoke to team member Sebastian Lindstrom about the event:

Why Mogadishu — what led you to organize a TEDx here?

We had an opportunity to go to Mogadishu to film the opening of First Somali Bank, and while planning this trip, we brainstormed with Somalis living in the city about how to further share the positive stories taking place. TEDx has become a worldwide movement for sharing ideas and innovations taking place at the local level, and it seemed like a great fit. Mogadishu is changing, and while some in the media have picked up on it, the general perception of Mogadishu remains negative. We feel it’s important to share what’s really happening and we want to showcase positive stories for those who care about this dynamic city.

Who are the locals you’re working with?

We are working with Liban Egal, the founder of First Somali Bank, and his team in Mogadishu. They have linked the organizing team to a wide variety of Somalis — those who have returned to Somalia over the past few years and those who have lived through the conflict — who are supporting this initiative in various ways. We are crowdsourcing from the Somali and Somali diaspora’s Twittersphere to track down resources and awareness. Basically, it’s all very much a team effort on a worldwide Somali basis.

How did you choose the theme of your event — does it relate directly to the political situation, or is there a broader meaning?

The theme focuses on positive changes happening in Mogadishu, irrespective of the political situation. Many Somalis think Mogadishu has recently reached a turning point now that there is no active fighting inside the city for the first time in decades. There are thousands of Somalis returning home to open businesses, buildings sprouting up and being reconstructed, and there is a real sense of rebirth in a marginalized, misrepresented community that feels that its time has come. We realized this was the right moment to hold the event. So on the 17th a group of Somalis from different walks of life will share their stories of how Mogadishu is changing and their ideas for the future — this is TEDxMogadishu.

What are some of the challenges you knew you would face?

Safety concerns. Even though Mogadishu is changing, there remain significant security concerns that we cannot disregard. We are taking ample precautions so that adequate security will be in place. We are comforted by the fact that we’re holding an apolitical event with no agenda other than providing a platform for Somalis to communicate positive changes happening in this city to the world.

The second biggest challenge was timing and communication. Remote organization isn’t possible, so much was done on the ground over the past week. However, this city tends to operate quite last minute, so it hasn’t been a problem to find great speakers and attendees.

What’s a challenge that was completely unexpected?

Isolation anxiety. Because of security reasons, you cannot, as a foreigner, openly walk the streets of Mogadishu. So, you end up spending a lot of time in one place, which can result in a case of island fever.

What did you expect to be challenging, and wasn’t at all?

We thought that finding a venue was going to be a huge problem, but it worked out superbly.

What’s one thing about Mogadishu and Somalia that you wish everyone knew?

Despite its perception, Mogadishu is a beautiful city filled with hard working and extremely entrepreneurial Somalis. Both Somalis at home, and those in the diaspora, are optimistic that a turning point has been reached after 21 years of conflict.

Tell me about your speakers!

Speakers will include a wide range of Somalis and one foreigner. Some have recently returned to Mogadishu and others have lived through the conflict. They include: a chef and restauranteur, a real estate developer, the founder of a university, the founder of the First Somali bank, a healthcare specialist, someone who works with rape victims and former child soldiers, a Somali journalist, a camel milk mobilizer and more.

And tell me one speaker’s story …

Elle Elman will give a talk about her work with rape and sexual assault victims and the rehabilitation of child soldiers. Her father started the Elman Peace and Human Rights Centre and was an ardent peace activist in the 1990s, who coined the slogan “Put down the gun, pick up a pen.” He was killed in 1996 for trying to promote peace in Somalia. Elle left for Canada and three years ago came back to support her mother’s work with that same organization; more on the organization and her mother can be found here and here.

She is of the new generation in Somalia and has returned to her country during these difficult times.

Read these stories about her father, which are good to mention, since he was one of the initial major peace advocates; and people in Mogadishu know his name well.

Check out the website for the event: www.TEDxMogadishu.com

Follow on Facebook: http://www.facebook.com/TEDxMogadishu

Follow on Twitter: @TEDxMogadishu

Email for more information: info@TEDxMogadishu.com


Wired Top StoriesStop the Tarbosaurus Auction!

A Tyrannosaur fossil suspected to have been smuggled from Mongolia is set to be auctioned May 20. Scientists want the fossil to be donated to science and say the sale would further fuel illegal looting of fossils.


The Django community aggregatorUsing environment variables on Gondor

A trouble when using git/hg-based push to application servers is that everything has to be in the repo. So no more production_settings.py etc on the production server. This is easly solved by using the environment and let it provide the variables to us.
On Gondor this is currently undocumented but you can always dig through the (source)[https://github.com/eldarion/gondor-client/blob/master/gondor/main.py] for the client to figure it out;-)
So a quick chat in the #gondor channel at Freenode helped me with...

The Indian National InterestVarnam | Indian History Carnival – 53: RISA, Kurgan Theory, Indian Coins, Bhajana, Edward Lear, Indian Soldiers, Corruption

Sita at Asokavana (via Wikipedia)
  1. Last year there was a big brouhaha over the so called censoring of A K Ramanujan’s text on Ramayana. Deepak Sharma, the moderator of RISA, wrote an article in the Huffington Post titled Censoring Ramanujan’s Essay On Ramayana: Intolerant Hindus And Confusing Texts.  As the politics behind history is as interesting as history itself, here is an article by Koenraad Elst on the issue
  2. “Where Ramanujan got it wrong, driven by his ideological agendas, is to to place all the diverse renderings of Ramayana at par with the Valmiki Ramayana. Let us get one thing VERY CLEAR – All these different versions of Ramayana (Dasharatha Jataka included) have the Ramayana of Valmiki as their basis and draw their storyline to it. It is another matter that they adapt it to their own purposes. Even Ashvaghosha, the author of Buddhacharita, salutes Valmiki as the Adikavi. The Shakya lineage was derided for having descended from a brother sister union. The Buddhists therefore created the Jataka in which Rama and Sita married, and linked the Shakyas with the Ikshavakus. So, their agenda was obvious. To claim, despite this obvious explanation, that in the ‘most ancient version of the Ramayana, Rama and Sita are siblings’ is to distort stuff with the deliberate intent of deriding Hindu beliefs.

  3. A popular theory which explains the spread of Indo-European language around the world is called the Kurgan hypothesis.
    Jesus Sanchis, based on new work by Francisco Villar, suggests something radical.
  4. Of course, some may think: “Ok, there were IE language in Europe at that early age, but then there was another wave of IE dispersal at the bronze age which brought the IE languages as we know them today and historically”. The authors admit this possibility, but also say that it is quite unlikely. As they say, and as I have insisted in this blog many times, there is no evidence of any sort of relevant population movement in the Bronze Age that could even remotely support this theory, usually known as the Kurgan theory.

  5. How did ancient Indians trade? Did they simply barter or did they have any sort of currency? An excellent blog called Indian Coins looks at this
  6. What gave an impetus to the development of a long lasting metal-based monetary system was the eventual arrival of gold, followed by silver and other metals. Gold was abundant in several south Indian rivers and people were able to glean gold nuggets from them. They were also able to extract coarse gold dust from sand with a reasonable effort. These gold nuggets and gold dust became an important medium of currency within India by 1000. Gold dust was placed in impervious bags and these bags were used for transaction. There are numerous references in ancient Indian literature to these bags of gold. This in turn attracted Indians to gold and silver which foreign merchants offered to purchase Indian products.

  7. Sriram writes about the trinity of bhajana sampradaya in Tanjore region
  8. The Tanjore region became the bhajana tradition’s stronghold with the arrival of the bhajana sampradAya trinity, namely Sadguru Swamin, Bhodendral and Sridhara Venkatesa Ayyaval. The trio existed between 1684 and 1817 AD. Ayyaval who was the senior most is considered the father of the Bhajan tradition in South India. Born in Tiruvisanallur, Tanjore District, Ayyaval was a contemporary of King Shahaji I (ruled 1684-1712). He firmly believed in nAma siddhAnta, the principle of chanting God’s name and composed several simple songs for congregational singing.

  9. In 1873, Edward Lear arrived in India and spent time painting and sketching. Fëanor writes

    Lear’s Nonsense verses were immensely popular in India. Of course, this is not to say the local population knew any of them. Rather, the colonial kids – living in their bubbles – knew them and even studied them at school. His interaction with Indians appears to have been somewhat limited. He learned a few Hindi and Tamil words. He could ask the way (‘Rusta ke hai?’) and he was happy to eat ‘Bhat’ and curry, and in Madras, could say ‘Please endewennum?’ He expressed regret that he hadn’t bothered to learn the ‘Lingo’ before arriving in India.

  10. During WW1, a large number of Indian soldiers fought in Mesopotamia. Seyahatname visited the Haydarpaşa English cemetery in Turkey and found some memorial stones.
  11. Mesopotamia saw the largest influx of Indian soldiers. Over the course of the many campaigns, close to 675,000 Indian fighting troops as well as hundreds of thousands of auxiliary troops were involved in Mesopotamia. When General Townshend’s troops surrendered in April 1916, the POWs were marched all the way from Mesopotamia to POW camps in Turkey. Most of those who survived probably ended up at the POW camps in Afyonkarahissar (the name ‘black poppy castle’ always makes me chuckle). Apparently, there are still some memorial stones in that region of Anatolia, but most of the Indian POWs are remembered here in Istanbul.

  12. Samanth Subramanian at NYTimes Blog has a post on independent India’s first corruption scandal involving the party that has been bringing us bigger and better corruption scandals for the past six decades.
  13. After Mr. Chagla filed his report, Mr. Krishnamachari resigned on Feb. 18, 1958. When Mr. Nehru received the letter of resignation, he wrote back a note that was curiously dismissive of Mr. Chagla and that betrayed his deep fondness for Mr. Krishnamachari: “Despite the clear finding of the Commission so far as you are concerned, I am most convinced that your part in this matter was the smallest and that you did not even know what was done.” Mr. Mundhra, arrested at a suite at the Claridges Hotel in New Delhi, went to prison for 22 years.

    That’s it for May. The next carnival will be up on June 15th or the weekend following it. If you have any links, please e-mail me at varnam.blog @gmail. (Thanks Sandeep, Feanor, as usual)

Nick BradburyPrivacy is not an Option

Years ago, in the Dark Ages of desktop software, security was an option. People used software that was insecure by default, but if they knew where to look they could turn on various options that made the software secure.

Microsoft Outlook used to be like that: by default it would allow viruses to be emailed to you, but you could configure it to be secure if you knew where the security options were.

Then people started getting all sorts of nasty viruses via email, and Microsoft wised up. They stopped treating security as opt-in and started making their software secure by default.

Fast forward to today and we're seeing a similar situation with privacy.

By default most social software isn't private - it's configured to share everything about you, not just with people you know but also with advertisers. You have to figure out where the privacy settings are - and what they mean - if you want the software to respect your privacy.

And as with the opt-in security settings of the past, today's opt-in privacy settings are leading to all sorts of problems. Every day we see headlines about privacy violations that could've been avoided if we used software that didn't treat privacy as an option.

Software developers need to look at privacy the same way we've learned to look at security: it's not an add-on or a feature that customers have to turn on, it's something built-in that shouldn't be turned off.


I write the Android version of Glassboard, an app designed for private conversations. Find out more at glassboard.com.


Nick BradburyGirls Around Me Shows Why Privacy Shouldn't be an Option

Earlier this week I wrote that privacy shouldn't be an option. Privacy - like security - should be expected, not something that users have to enable.

Need proof? Just read about Girls Around Me, an incredibly ill-conceived app that takes advantage of women who don't know they need to configure the privacy settings in the social software they use.

Software that isn't private by default assumes users know how to make it private, which is an unrealistic - and, in the case of "Girls Around Me," potentially dangerous - assumption.


I write the Android version of Glassboard, an app designed for private conversations. Find out more at glassboard.com.


Nick BradburyOn Glassboard 2.0, Nobody Knows You're a Dog

...but they may know you're a dog person if you join my "Dog Pics" board, which I originally created so my friends and I could share photos and videos of our canine companions on Glassboard.

If you'd like to share with us, use the invitation code "dogpics" in the app to join the board. Just follow these steps if you're not sure how to do this:

Now, you may find it odd that an app that's all about private sharing enables anyone to join a board this way. So I'll clarify that you have to explicitly create an invitation code for one to exist for a board. An invitation code provides a simple way to get people into your board quickly without having to invite them - just share the code with the people you want on your board, and when everyone's in you can disable the code so it can't be used to join the board again.

TataSteel: Negative Returns Over Five Years


Tatasteel fell below Rs. 400 on Friday, as it announced dismal results in 2012. With an EPS of just Rs. 4 for the last quarter of FY 2011-12, and a drop of 42% in full year EPS (Rs. 53.63) compared to the earlier year (Rs. 92.86), the share price doesn't look quite that cheap either.

image

For the last five years results have been zig zag:

image

While revenue has recovered after the financial crisis, EPS is just not working out. The Rs. 99 EPS last year was great due to a nice series of restructuring accounting points, which is basically funny money. But obviously that doesn't last. At current prices, the stock trades at a P/E of 8 which is pretty much fair value for a company that sells a commodity.

Oh and that's not counting the massive FCCB payment that is coming in 2014. They had rolled over earlier FCCBs in 2009, so there is an obligation of $1.09 billion coming up in November 2014, or the share price needs to be Rs. 605 or more. That's a 50% gain in the next two years that Tata Steel hopes will happen.

Five years ago, in April 2007,when Tata announced the Corus buyout structure, I wrote a post saying the company was "not worth it". The price then was Rs. 505. Since then there have been Rs. 80 worth dividends (of which the last Rs. 12 is only going to be paid in the months ahead)

Five years, and India's largest steel conglomerate, one that has been hailed internationally, has given NEGATIVE returns on the stock, even including dividends. Five years of nothingness, and I'll soon show that this is actually good - many of the other big guns have just killed themselves.

Seth's BlogWhere's the heat?

Is that your goal? To find the next hot thing? Do you want to buy it, sell it, use it, eat it?

In every industry where there's fashion (which is every industry), people spend an enormous amount of time looking for heat. It defines the cutting edge, determines what's in or out, what's hot or not.

Two things worth considering:

a. the hot thing isn't always the thing that's aligned with your goals. Sure, sometimes the most profitable item is also the hot item of the moment, but for many companies, market share or profitability or utility has not a lot to do with being on the cutting edge of fashion. And as a user, the hot item of the moment isn't necessarily the thing that will create value or even identify you as truly hip.

b. The cycle of hot keeps getting shorter.

You can chase this, but it's not free, and it might not get you where you want to go.

WSJ.com: Real Time EconomicsNumber of the Week: Student Loan Bubble

If a student loan bubble were to pop, the government, not private banks, would be the one standing around with gum in its hair.

Tim HarfordA questionable move by Starbucks


Big organisations should test out their new policies whenever they can

An awkward moment recently: I ordered an espresso from Starbucks and the barista, a young fellow with fashionably chaotic blond hair, asked my name. I’d heard that this is the new policy at Starbucks but, not being a regular, I’d forgotten. None of your business, I thought, and fumbling for something to say instead of my name, I said, “I suppose you’re getting annoyed having to ask people their names.”

The young man’s face darkened perceptibly. “A lot of things annoy me,” he said, “but if you don’t want to tell me your name, that’s fine.” His colleague proceeded to pull me a deeply uninspiring espresso, which I felt that I rather deserved.

I took the coffee and sat awkwardly in the corner, avoiding eye contact with the staff and vowing to steer clear of Starbucks in future. One bad espresso just isn’t worth the social discomfort.

If my Starbucks experience is typical, the policy of requesting names is going to prove very ill-judged. But perhaps my Starbucks experience isn’t typical; I’m not a regular customer, after all. Perhaps the regulars love it. Who can say? But it’s worth asking: where does this kind of idea come from in a large organisation? How is it tested? Under what circumstances might it be reversed?

The question of the U-turn is a particularly vexed one. Politicians find it especially painful, perhaps because lazy journalists find U-turns easy to criticise: either the old policy was wrong or the new one is wrong, and either way, the politician can be blamed with no need for further investigation. Just think of the plight of Theresa May, the Home Secretary: she demanded tight border controls, but lacked the personnel to carry out the new regime efficiently. She has painted herself quite methodically into a policy corner.

Any high-profile policy runs a similar risk: if it doesn’t work, it is hard to perform an elegant about-face. This is why I think Starbucks should have conducted a randomised trial to test the question: pick 100 branches, then randomly select half of them to receive instructions and training videos, and see whether there was any effect on staff morale, customer satisfaction or sales.

It wouldn’t have been a perfect double-blind trial, but it would have been revealing. I can confidently assert that if we were talking about Amazon, it would be inconceivable that the company would change how it interacted with a customer without testing the idea with such a trial.

As it happens, Starbucks wasn’t quite as clueless about this as I might have guessed. (I suppose I shouldn’t be surprised that these people know something about selling coffee.) I am told the idea emerged after listening to customers in focus groups, who pointed out that they liked the fact that in their local branch, the staff knew who they were. (I think the Starbucks press officer telling me about the focus groups was about to say that the customers didn’t mention the coffee as a reason to go to Starbucks, but thought better of it. Perhaps I imagined that.)

Next came informal testing: staff at some Starbucks branches – for instance, in Cambridge and in the new Westfield shopping centre in east London – had already been doing this for a few months. An internal “training” video shows these staff enthusing about the idea and entertains no possibility of awkwardness.

Perhaps my cynicism is misplaced. Starbucks is trying to keep regular customers happy; there is no reason to expect sceptics to like it any more than we should expect atheists to be impressed by a religious sermon. Intuition can be misleading in such matters – all the more reason why big organisations should test out their new policies whenever they can.

Also published at ft.com.

Tim HarfordThe weighty problem of road and fat taxes


‘The UK needs to impose a “fat tax” of at least 20 per cent on unhealthy foods to have any significant impact on rising levels of obesity.’

Financial Times, May 15


I thought it was supposed to  be  a  10  per  cent  fat  tax?

That was the British Journal of Nutrition in December. This is the British Medical Journal, this week. Do try to keep up.

Either way, would it work?

It all depends on what you mean by “work”. Inasmuch as anything can be said to be certain in social science, a tax on some foods would certainly reduce the consumption of those foods, just as surely as cigarette taxes have reduced the consumption of cigarettes. Whether that reduction is desirable is another question.

You’re saying obesity is a good thing?

No, but ice cream is a good thing and obesity is a potential unwanted side-effect of ice cream. If you tax ice cream, people will be less obese, which is good, but they will also be enjoying less ice cream, which is bad.

Which is sophistry.

Not at all. Ice cream versus obesity is the key imponderable about the whole policy. I find there’s a striking contrast with the idea of a congestion-based road tax, as advanced by the Institute for Fiscal Studies this week. The case for the congestion tax is pretty unanswerable: every driver who joins rush-hour traffic is making it worse for every other driver. If we could all get together and agree to drive a bit less, we’d all be better off because when we did drive, our journeys would be quicker and less uncertain. But we can’t enforce that kind of agreement, hence the need for the tax.

It’s all the same: obesity is bad and traffic is bad. I’m not sure why you’re trying to make a distinction.

It’s not the same at all. Each driver causes a problem for others and she can’t be expected to take that into account. But an ice cream lover is causing a problem only for himself. It remains to be demonstrated that he would find an ice cream tax helpful.

What about the cost to the National Health Service?

That is certainly a consideration, although don’t be too quick to assume there is a net cost. It’s fairly clear that smoking should, on this logic, be subsidised because it tends to kill people, often quite quickly, just as they have finished paying their taxes but before they start to draw their pensions. Perhaps obese people are more costly, but this is a double-edged argument. The Department of Health has published estimates suggesting that obesity and related conditions cost the NHS an extra £2.2bn, a figure that is rising rapidly. What the impact on pension costs might be is not clear.

Why do we tax cigarettes, then?

Partly because they’re a good revenue source, partly because of passive smoking. But I think a key reason is that because nicotine is so addictive, many smokers ardently want to be non-smokers but find it hard to quit. And surely this is the basic idea behind a “fat tax” as well: it is to help weak-willed people do the right thing. The economists Sendhil Mullainathan and Jonathan Gruber put their finger on the key issue about 10 years ago with a clever research paper titled: “Do cigarette taxes make smokers happier?” Which seems to be an important question.

And the answer?

It seems that cigarette taxes do indeed make smokers happier. More specifically, it seems that the reported happiness of people with a propensity to smoke rises in parallel with increasing state cigarette taxes in the US, but not with increases in other taxes. You need to jump through a lot of statistical hoops to reach this conclusion but the research makes a pretty good case. Presumably this is because smokers often do have self-control problems and the fact that the tax helps some of them to quit outweighs the fact that the tax also makes the non-quitters poorer.

And that’s the case for the fat tax in a nutshell, isn’t it?

It might be, if the research paper had instead been called: “Do fat taxes make fat people happier?” I hope and trust that someone has examined that question but I am not aware of any attempts to do so.

George Osborne is taxing pasties – perhaps he’s ahead of the curve.

I am sure he eagerly awaits his plaudits from the BMJ.

Also published at ft.com.

SDCL UpdatesMeet the Director at Alpine Library's Customer Appreciation Open House

The Alpine Library, 2130 Arnold Way, is hosting a Customer Appreciation Open House that includes activities for all ages and an opportunity to meet Library Director José Aponte. The event is taking place on Friday, June 1 from 2-4 p.m. and will include festivities at the current library, as well as at the Alpine Community Center, 1830 Alpine Blvd, which is the prospective home of a new Alpine Library.

Websites for Finance Novices

As with much on the Internet, the tools range from cutting-edge to useless. Here's a guide.


jwzBrodustrial: WWJD?

Ad·ver·sary calls out Combichrist for being misogynistic, racist fuckheads -- while opening for them.

It was when I got booked to play Kinetik, and I found out that I was scheduled to open for Nachtmahr and Combichrist. Given how strongly I feel about the way they do what they do, I didn't think I could just get up there and play and pretend as though I wasn't going to be followed by these two acts that I've openly criticized. I actually considered just cancelling my performance, and being done with it. I don't want to be associated with what they do, and I don't want to be a support act for them, even in a festival setting. But I took some time to think about it, and at some point I was listening to Give Me Convenience or Give Me Death and thought, "What would Jello Biafra do?" He'd use the stage time to tell people why he's pissed off. And so here we are.

They played this PowerPoint behind their last song:

Later in the linked article, the Combichrist guy rebuts with, "Hey, I'm just kidding with all that misogyny and racism, can't you take a joke?"

In case you couldn't have predicted that.

Industrial music began circling the drain in earnest in around 1995 and has been fully dead as a genre since 1999, and this brodustrial jock-rock bullshit from bands like Combichrist certainly brought nothing to the party.

"Football season is over, Veronica. Kurt and Ram had nothing left to offer the school except for date rapes and AIDS jokes."

Mirrored from jwz.org.

May 18, 2012

Emergic: Rajesh Jain's BlogWeekend Reading

This week’s links:

  • What motivates successful entrepreneurs? From Forbes. “Solving a problem you are so passionate about that even if the solution doesn’t result in wealth, you are still thrilled you “solved” it.”
  • What is a school far? by Seth Godin. “School was invented to create a constant stream of compliant factory workers to the growing businesses of the 1900s. It continues to do an excellent job at achieving this goal, but it’s not a goal we need to achieve any longer.” Also see Thomas Friedman’s column in NYT.
  • Browsers and Apps in 2012: by Tim Bray. “It seems very likely to me that there’s something simple and beautiful lurking inside the browser platform that will hit the greatest 80/20 point in software history. But I’ve been thinking that for a decade or more, now.”
  • Yahoo and Flickr: A sobering story from Gizmodo. “This is the story of a wonderful idea. Something that had never been done before, a moment of change that shaped the Internet we know today. This is the story of Flickr. And how Yahoo bought it and murdered it and screwed itself out of relevance along the way.”
  • India’s Economic Predicament: Bibek Debroy writes that “2004-14 will be as damaging as mid 60s, 70.”

Chris PirilloInternet Reality Show People

Internet Reality Show People When I try to tell people how Diana and I describe ourselves and what we do, a few phrases get tossed around. None have really been as catchy as I’d like, though. Internet Reality Show People? Couple Who Makes a Living from Being Themselves? Broadband Hoarders?...

Read the full article on http://chris.pirillo.com/


Chris PirilloTaco Square Readers and Milk Bags

Taco Square Readers and Milk Bags Some things are silly no matter how you say them. And some people write articles on LockerGnome as a clever way to make me say such things out loud during our live TLDR broadcasts. But is the joke really on me? Maybe I would have said funny things without subtle...

Read the full article on http://chris.pirillo.com/


WSJ.com: Real Time EconomicsQ&A: Lessons on Central Banking From Bank of England’s Posen

Adam Posen spent much of his career analyzing the decisions of central bankers in advanced economies. In 2009, he became one.

Polishing RubyMadison Ruby Conference 2012

madison ruby logo

I’m pleased to announce that I’ll be speaking at Madison Ruby Conference 2012.

Talk Title: How to Contribute to Open Source: Extensibility from Simplicity

Description: The bar for contributing to open source is much lower today due to technologies like git & github… or is it?

It is now downright simple for developers to be able to fork projects and send pull requests upstream. As such, the number of forked projects and pull requests have scaled up. But all that burden has been shifted back to the maintainers of the original project. They’re left with the decision to accept the patches as-is, reject them, or rewrite them in a more generalized form.

In other words, the maintainers are faced with the decision of increasing maintenance complexity, increased animosity / drama, or somehow distilling the underlying reasoning behind the change and abstracting them so they’re usable by everyone.

The latter is both the hardest to do and the most beneficial to all parties involved and much of that effort can be done before the pull request even goes upstream.

Schneier on SecurityFriday Squid Blogging: Squid Scalp Massager

Cheap!

As usual, you can also use this squid post to talk about the security stories in the news that I haven't covered.

Business TechnologyNewly Public Facebook Buys Mobile Gifting Firm Karma

Facebook announced its first deal as a public company, saying after the close of trading Friday that it acquired Karma Science, a year-old start-up that offers technology for sending gifts through mobile devices.


Speciality Restaurants Gets 2.54x Subscription


The Speciality Restaurants Limited IPO has ended, with a 2.54x subscription. Most of that came in from institutions who demanded more than 4.6x what they were allocated. Retail subscriptions were only 55% of theirs.

image

Did I like the IPO? A quick glance through the docs told me the company wanted Rs. 146 to Rs. 155 per share, for a 11.74 million (1.174 crore) share issue. The post money valuation’s around 700 cr. (7 billion).

The company seems to have earned a net profit of Rs. 15 cr. (Rs. 150 million) in the first nine months of the year, on revenues of 150 cr. (1.5 bn) That puts the pre-money P/E at about 28-30, which can be fairly high in the restaurant business, where net margins are like 10% or so.

Since they have around 80 outlets, and will build about 40 more in the next 3 years, they are valuing each outlet at an average of 6-7 cr (60 to 70 million). That’s a little high, considering their per-restaurant profit is about Rs. 25 lakhs (2.5 million). A fine dining restaurant handles itself for about 3 years at the lower end and 8 years at the upper end – beyond that, it loses its charm. Even if you take a 10 year cash flow, and add a bit in for a liquor license and tables/chairs/equipment, you might only get about 4 cr. (40 million) per restaurant as a valuation. Paying an additional 75% for the brand is crazy.

And then they don’t own their restaurants – they even lease some (many?) from their promoters. The promoters get paid a good sum – over 7 cr. (70 million) as just rent, but overall, they seem to get paid lesser than others. The promoters own competing businesses, and have, in the recent past, got the company to acquire one of the promoters’ restaurant businesses. While the transaction isn’t a problem, the concept of having a promoter as competition isn’t palatable.

Competition comes from everywhere. The aspirational category though doesn’t have too many listings though. (Jubilant Foodworks, a pizza franchisee is one) So there may be a first mover advantage.

While the company shows something good – they did at least go public – the appetite for this kind of IPO in the market will determine future course. The wild success of the Jubilant IPO must have meant that no institution wanted to miss this one – but retail sat out. Would I have bought? No way; too high priced – I’d buy it at a price of Rs. 50 or so. Still, fundamentals are boring; I would still get in if there is a huge breakout with volume, and exit with a stop loss.

Brad IdeasRobocars and electrification

One of my first rules of robocars is “you don’t change the infrastructure.” Changing infrastructure is very hard, very expensive, requires buy-in from all sorts of parties who are slow to make decisions, and even if you do change it, you then have a functionality that only works in the places you have managed to change it. New infrastructure takes many decades — even centuries, to become truly ubiquitous.

That’s why robocar enthusiasts have been skeptical of things like ITS plans for roadside to vehicle and vehicle to vehicle communications, plans for dedicated highway lanes with special markers, and for PRT which needs newly built guideways. You have to work with what you have.

There are some ways to bend this rule. Some infrastructure changes are not too hard — they might just require something as simple and cheap as repainting. Some new infrastructures might be optional — they make things better in the places you put them, but they are not necessary to operations. Some might focus on specific problem areas — like special infrastructure in heavy pedestrian areas or parking lots, enabling or improving optional forms of operation in those areas.

Another possiblility is to have robocars enable a form of new infrastucture, turning it upside down. The infrastructure might need the robocars rather than the other way around. I wrote about that sort of plan when discussing a solar panel on a robocar.

A recent proposal from Siemens calls for having overhead electric wires for trucks. Trolley buses and trams use overhead electric wires, and there are hybrid trolley buses (like the Boston T line) which can run either on the wires or on an internal diesel. These trucks are of that type. The main plan for this is to put overhead wires in things like shipping ports, where trucks are running around all the time, and they would benefit greatly from this.

I’ve seen many proposals for electrication of the roads. Overhead wires are problematic because they need to be high enough to go over the trucks and other high vehicles, but that makes them harder to reach by low vehicles. You need two wires and must get good contact. They are also damn ugly. This has lead to proposals for inductive power supplies buried in the road. This is very expensive as it requires tearing up the road. There are also inductive losses, and while you don’t need to make contact, precise driving is important for efficiency. In these schemes, battery-electric cars would be able to avoid using their batteries (and in fact charge them) while on the highway, vastly increasing their range and utility.

Robocars offer highly precise driving. This would make it easier to line up on overhead wires or inductive coils in the road. It even would make it possible to connect with rails in the roadbed, though right now people don’t want to consider having a high voltage rail on the ground, even on a highway.

It was proposed to me (I’m trying to remember by who — my apologies) that one new option would be a rail on the side of the highway. This lane would be right up against the guardrail, and normally would be the shoulder. In the guardrail would be power rails, and a connector would come from the left side of the vehicle. Only a robot would be able to drive so precisely as to do this safely. Even with a long pole and more distance I am not sure people would enjoy trying to drive like this. A grounding rail in the roadbed might also be an option — though again tearing up the roadbed is very expensive to do and maintain.

There is still the problem of having a live rail or wire at reachable height. The system might be built with an enclosed master cable and then segments of live wire which are only live when a vehicle is passing by them. Obviously a person doesn’t want to be there when a car is zooming through. This requires roboust switching eqiupment for the thousands of watts one wishes to transfer. You also have to face the potential that a car from the regular lanes could crash into the rail and wires, and while that’s never going to be safe you don’t want to make it worse. You also need switching if you are going to have accounting, so only those who pay for it get power. (Alternately it could be sold by a subscription so you don’t account for the usage and you identify cars that don’t have a subscriber tag who are sucking juice and fine them.)

There is also the problem that this removes the shoulder which provides safety to other cars and provides a breakdown lane. If a vehicle does have to stop in this lane for emergency reasons, sensors in the rail could make sure that all robocars would know and leave the lane with plenty of margin. They would all have batteries or engines and be able to operate off the power — indeed the power lines need not be continuous, you don’t have to build them in sections of the road where it’s difficult. If other cars are allowed to enter the lane, it must not be dangerous other than physically for them to brush the wires.

It’s also possible that the rail could be inductive. The robocar could drive and keep its inductor contact just a short distance from the coils in the rail. This is more expensive than direct contact, and not as efficient, but it’s a lot cheaper than burying inductors in the roadbed. It’s safe for pedestrians and most impacts, and while a hard impact could expose conductors, a ground fault circuit could interrupt the power. Indeed, because all vehicles on the line will have alternate power, interruption in the event of any current not returning along the return is a reasonable strategy.

For commuters with electric cars, there is a big win. You can get by with far less battery and still go electric. The battery costs a lot of money — more than enough to justify the cost of installing the connection equipment. And having less battery means less weight, and that’s the big win for everybody, as you make the vehicles more efficient when you cut out that weight. Of course, if this lane is only for use by electrified robocars, it becomes a big incentive to get one just to use the special lane.

The power requirements are not small. Cars will want 20kw to go at highway speed, and trucks a lot more. This makes it hard to offer charging as well as operating current, but smaller cars might be able to get a decent charge while driving.

WSJ.com: Real Time EconomicsPotential Middle Path for Further Fed Stimulus

If Fed officials decide they need to provide additional stimulus to the economy, there is a strategy that would allow them to act without resorting to what markets called QE3.

There Is Nothing Quite Like the Assurance of Failure

By Scott Burns There Is Nothing Quite Like the Assurance of Failure

Should any of us own a managed bond mutual fund? Should any of us ever own a managed bond fund?

These rude questions came to mind as I read the most recent SPIVA report— that’s the regular report from Standard and Poor’s that examines the performance of managed funds against their chosen benchmarks.  The most recent report, covering the period to the end of last year, shows that managers of intermediate term government bond funds failed to beat their target index by a mind boggling 93.62 percent over the last five years.  They also failed 89.8 percent of the time in the five years from 2002 through 2006.

We’ve learned to expect that about 70 percent of equity fund managers will fail to beat their index benchmark. We’ve also learned to expect that bond fund managers are likely to do slightly worse.

But really, how can they stay in business with a 90 plus percent fail rate?

To be fair, there were some categories where managed bond funds did better. The best was the category “general short (term) funds” where only 60.54 percent of managers failed to beat their index over the last five years. But that was the best in the last five-year period. So in the best performing category, the majority of managed bond mutual funds still failed to beat their index.

Was there any light, anywhere? Yes. Of the 9 categories considered over two five-year time periods, a slender majority of emerging markets debt fund managers beat their benchmark from 2002 through 2006, the previous 5-year period. So it can be done. There is an exception to the rule.

So tell me: Can you name another area in life where we voluntarily pay a premium for a virtual guarantee of failure? That’s what we do when we buy managed bond mutual funds.

Now consider the portion of the return on your money that goes to the managers who are so adept at failure. Morningstar calls the largest category of bond funds general funds, with intermediate maturities. There are about 1,263 of them, of which 219 sell through front-end load commissions that average 4.12 percent and annual expense ratios that average 0.93 percent. At the end of March these same funds were providing an average yield of 2.36 percent. In other words, your commission cost exceeded your yield for nearly two years. After that, the managers got 39 percent of the yield on your money through fund expenses.

Another 219 of these funds had deferred sales loads. These are expenses that are recovered through high 12(b)-1 charges. The average 0.91 percent 12(b)-1 fee took the average expense ratio up to 1.62 percent. The current average yield on these funds was 1.65 percent. Here, annual expenses are about equal to annual yield, 1.65 percent versus 1.62 percent. This means the managers get the income while the investor gets 100 percent of the risk.

The remaining funds— no load funds that had neither front-end nor deferred sales commissions— had a lower average expense ratio, 0.74 percent, and a higher yield, 2.41 percent, than the funds available through the traditional brokerage sales channels. Even so, the management expenses absorbed 31 percent of the income.

What happens when you opt for a fixed income index fund? Things get better for you. You still have the risk of buying bonds at historically low yields. But without the burden of sales and management expenses, you get a better deal for income.

How much better? Lots. Averaging all 87-index funds in the category, the expense ratio was 0.33 percent and the yield was 2.44 percent. The cost of investing was only 13.5 percent of income. Invest with the larger and better-known bond index mutual funds or exchange traded funds and expenses could be as little as 5 percent of interest income.

In spite of these realities (which you won’t be told by your friendly salesperson because they are not encouraged to examine the statistics) millions of savers and investors still depend on commissioned sales people because they are afraid to make decisions for themselves.

Well, don’t be.

With a virtual guarantee of failure to beat an index from heavily marketed managers, we have no reason not to “go for it” and select a fixed income index fund.  Chances are about 9 out of 10 that you will do better.

WSJ.com: Real Time EconomicsBarney Frank Weighs In on J.P. Morgan Loss

Regulators apparently still aren’t willing to say whether J.P. Morgan Chase’s whale of a trade would have violated the Volcker rule had the proposed measure been in place. But one of the law’s key architect’s isn't so shy.

Steve Pavlina's Personal Development BlogIs It Fair to Earn Passive Income?

Some people have asked whether it would be sustainable if everyone tried to earn passive income, so let’s get that out of the way before we continue with this passive income series.

I think the supposition here is that certain jobs don’t adapt well to passive income strategies, and therefore certain work is best suited to active income. Let’s suppose that’s true for the sake of argument.

Passive and active income strategies compete in the marketplace. People are free to choose either strategy. Most people choose active income. Why? I think the main reason is that they’ve been socially conditioned to choose this strategy. They probably make this choice without much knowledge of passive income strategies. Schooling, parents, and peers help train most people to chose active income.

Even if a lot more people started earning passive income and fewer people were willing to earn money as active income, I believe the market would adapt without skipping a beat. For critical tasks that could only be performed with ongoing labor, prices would rise, and therefore more people would be willing to perform those tasks.

Presently we have an oversupply of people who are looking for jobs, and we have a shortage of jobs for those people. So is it really wise to keep training more people to look for jobs? No, that would be foolish and will only make the problem worse. It will also cause salaries to drop, lowering people’s standard of living.

I think a better solution is to teach passive income strategies and help some of those people make different choices. Passive income is a great choice in this economy since you won’t need to find a job. In fact, you can actually help to stimulate more job creation.

Passive income has the effect of creating more jobs as well as supporting existing jobs. Whenever I create new passive income streams, I create income for other businesses. These generate revenue that helps cover the salaries of many employees.

Remember that passive income methods involve delivering value to more people than you probably could with an active income strategy. I see no reason to hold back on providing value. You may be providing different forms of value with a passive income strategy, but it’s still a net gain for others if you increase your contribution.

If you license your book to a book publisher and receive passive income in the form of royalties on sales, the publisher may in turn pay people to perform specific jobs to keep their system running, and those employees may receive active income in the form of a salary. Your book deal helps to facilitate this and creates and sustains jobs for others.

Passive and active income strategies are mutually supportive. They are not opposites. I think it’s healthy for both to co-exist.

I don’t personally want a regular job, but I understand that many people do, sometimes desperately so. I may poke fun at the regular job mindset now and then to get people to think about this more consciously and to consider alternatives, but I respect people’s ability to make their own choices.

As for whether it’s fair to earn passive income, I’d say it’s more than fair. It’s downright generous. As I’ve shared in previous posts, passive income tends to be more heavily rewarded (and less taxed) than active income. But passive income strategies can also add a lot of value to the economy, and so it makes sense to reward these strategies more heavily. By helping to create and sustain more jobs for others, you can actually generate significantly more tax revenue than you would if you earned the same amount via active income.

It’s not uncommon for active income earners to think of passive income as a greedy strategy. The irony is that it’s just as easy to regard active income earners as holding back and making a lesser contribution… contributing to just one employer when they could be serving many more people. The truth is that both strategies seek to contribute, just in different ways.

In the next several posts, I’ll cover some specific passive income strategies. I’ll even demonstrate some of these strategies with specific examples from my own business, so you can better understand how they work.















If you've found this website helpful, please donate to show your support. The average donation is about $21.

Add Steve on Google+  -  Follow Steve on Twitter  -  Get Steve's Free newsletter

Uncopyrighted by Steve Pavlina

kuro5hin.orgHow It Went Down, a Play in One Act

INT. A SUBURBAN HOME - EVENING MDC and his Mother are arguing in the living room. MDC: Mom, will you please give me the money to get my shit out of storage? I need those books and computers and shit. Mother: No, I told you, I'm not giving you money to go down there, you'll just give it away to the first guy with a cardboard sign you see or else you'll blow it on strippers. I'm just not going to throw my money away like that. MDC: But mom, you give me cash all the time to go into town and hangout at the web cafe-- Mother: YES! To get you out of my god damn hair so I can have a little peace and quiet. I can't stand it how you're always telling me how I should do things in my OWN house. I have managed just fine all these years then you come in here with no money, no job, no wife, with half the police in California keeping an eye out for you and you want to tell ME what to do. I give you money so you'll LEAVE ME ALONE FOR AWHILE.

Google Code BlogFridaygram: email journey, humans and robots, special space launch

Author PhotoBy Scott Knaster, Google Developers Blog Editor

This week we launched Story of Send, a new site that shows you what happens to your email after you click (or tap) Send. The site is meant for everyone, so you can share it with your [insert favorite non-nerdy reference person here].

story of send screen shot

Even though Story of Send is designed for all viewers, there are great features inside for us nerds. These appear not just in the text and animation, but also in the form of photos and videos. In particular, take a look at the video At the data center, which you’ll find on the Safe and Secure page, for a rare look inside a Google data center.

We’re used to great technology in our computers and mobile devices. More rarely, we get to see amazing tech that truly transforms lives. Thanks to research in robotics and neuroscience, two paralyzed people have controlled a robotic arm with their thoughts via a tiny injected sensor. One participant used the robot arm to grab a bottle and bring it to her so she could drink from it. This woman has been paralyzed for 15 years. After the successful experiment, one of the researchers was quoted as saying "She had a smile on her face that I and the research team will never forget".

Finally, space fans might want to make time this weekend to watch the May 19 launch of the private SpaceX Dragon spacecraft from Cape Canaveral on its way to the International Space Station. Depending on where you are on the planet, the launch is scheduled for morning, afternoon, or evening on Saturday. Those of us here on the west coast of North America and in Hawaii can just plan to drink a lot of coffee and stay up late tonight.


Each week we publish Fridaygram, featuring stuff from Google and beyond that you might have missed during the week. Fridaygram items aren't necessarily related to developer topics; they’re just interesting to us nerds. This week we’re wondering if Zefram Cochrane would be interested in the SpaceX launch.

Chart: Market Cap To GDP is 63%


With popular request (from Kaushik) I have updated the Market Cap to GDP chart for India.

Market Cap is the total NSE Market Cap at the end of the month, and GDP is known quarterly, so I put it in at the last month of the quarter. At this time, we only know about GDP till Q3 2011-12 (Dec 2011), and the budget assumed about 89 trillion (1 trillion = 1 lakh crore) of 2011-12 GDP so I’ve taken that figure tentatively from March 2012. (Actual GDP figures come out only on 31 May)

image

We’re not quite at the lows of 2008 and not even as low as we had hit in December (59%). We are though at levels last seen in the troughs of 2008-09 and prior to that, in 2005 when it was an upward trend.

Total market cap as of May 18 was Rs. 56.49 trillion.

Yes, I know, not comparable, but it’s just a context.

Business TechnologyMocking the Facebook IPO

As Facebook begins trading shares today, the web mockers are out in full force.


A look inside our 2011 diversity report

We work hard to ensure that our commitment to diversity is built into everything we do—from hiring our employees and building our company culture to running our business and developing our products, tools and services. To recap our diversity efforts in 2011, a year in which we partnered with and donated $19 million to more than 150 organizations working on advancing diversity, we created the 2011 Global Diversity & Talent Inclusion Report. Below are some highlights.

In the U.S., fewer and fewer students are graduating with computer science degrees each year, and enrollment rates are even lower for women and underrepresented groups. It’s important to grow a diverse talent pool and help develop the technologists of tomorrow who will be integral to the success of the technology industry. Here are a few of the things we did last year aimed at this goal in the U.S. and around the world:
We not only promoted diversity and inclusion outside of Google, but within Google as well.
  • We had more than 10,000 members participate in one of our 18 Global Employee Resource Groups (ERGs). Membership and reach expanded as Women@Google held the first ever Women’s Summit in both Mountain View, Calif. and Japan; the Black Googler Network (BGN) made their fourth visit to New Orleans, La., contributing 360 volunteer hours in just two days; and the Google Veterans Network partnered with GoogleServe, resulting in 250 Googlers working on nine Veteran-related projects from San Francisco to London.
  • Googlers in more than 50 offices participated in the Sum of Google, a celebration about diversity and inclusion, in their respective offices around the globe.
  • We sponsored 464 events in 70 countries to celebrate the anniversary of International Women's Day. Google.org collaborated with Women for Women International to launch the “Join me on the Bridge” campaign. Represented in 20 languages, the campaign invited people to celebrate by joining each other on bridges around the world—either physically or virtually—to show their support.
Since our early days, it’s been important to make our tools and services accessible and useful to a global array of businesses and user communities. Last year:
  • We introduced ChromeVox, a screen reader for Google Chrome, which helps people with vision impairment navigate websites. It's easy to learn and free to install as a Chrome Extension.
  • We grew Accelerate with Google to make Google’s tools, information and services more accessible and useful to underrepresented communities and diverse business partners.
  • On Veterans Day in the U.S., we launched a new platform for military veterans and their families. The Google for Veterans and Families website helps veterans and their families stay connected through products like Google+, YouTube and Google Earth.
We invite you to take a look back with us at our 2011 diversity and inclusion highlights. We’re proud of the work we’ve done so far, but also recognize that there’s much more to do to. These advances may not happen at Internet speed, but through our collective commitment and involvement, we can be a catalyst for change.

Business TechnologyAdly Hires Former News Corp. Executive Walter Delph As CEO

Adly, an online marketing start-up that connects brands with influential celebrities, snagged former News Corp. executive Walter Delph to become its new chief executive.


O'Reilly Radar - Insight, analysis, and research about emergingTop Stories: May 14-18, 2012

Here's a look at the top stories published across O'Reilly sites this week.

A federal judge learned to code
The judge presiding over the Oracle/Google case learned Java, and that skill came in handy when coding specifics arose during the trial. It's proof that coding is a part of cultural competence, even if you never do it professionally.

The chicken and egg of big data solutions
So, here we are with all of this disruptive big data technology, but we seem to have lost the institutional wherewithal to do anything with it in a lot of large companies, at least until package solutions come along.

DIY learning: Schoolers, Edupunks, and Makers challenge education
Schoolers, Edupunks and Makers are showing us what's possible when learners, not institutions, own the education that will define their lives.


John Allspaw on DevOps
John Allspaw discusses DevOps in high-volume web companies and the importance of cooperation between development and operations.


JavaScript and Dart: Can we do better?
O'Reilly editor Simon St. Laurent talked with Google's Seth Ladd about the challenges of improving the web. How can we build on JavaScript's ubiquity while addressing performance, team, and scale issues?


Velocity 2012: Web Operations & Performance — The smartest minds in web operations and performance are coming together for the Velocity Conference, being held June 25-27 in Santa Clara, Calif. Save 20% on registration with the code RADAR20.

Business TechnologyNasdaq CEO Greifeld: Nasdaq ‘Proud’ to Have Facebook on Exchange

European Pressphoto Agency
Facebook founder and CEO Mark Zuckerberg (center) celebrates the IPO with employees and, to his left, Nasdaq chief Robert Greifeld.
Nasdaq OMX Group Chief Executive Robert Greifeld said he was “proud to have Facebook join the market” and added that there has been such an increase in IPOs from Silicon Valley that he is “optimistic we will see the resurgence continue.” In an interview shortly after Facebook CEO Mark Zuckerberg rang the Nasdaq opening bell at the social network’s Menlo Park, Calif., headquarters, Mr. Greifeld—who attended the bell-ringing event at the company—said Nasdaq has been double-checking its systems over the last few weeks and “changed system capabilities based on the expected flow of orders” for Facebook stock. He added that Nasdaq has been talking to other people in the trading business and that there are set procedures in place to handle the volume around the stock. Friday morning’s trading of Facebook stock has appeared to run into some issues, however. The Wall Street Journal reported that some traders said they were having trouble changing or canceling orders they had submitted to Nasdaq's queue starting at 7:30 a.m. Facebook shares ultimately started trading at around 11:30am Eastern, about a half hour later than expected.


Nelson's Weblog Dolores Park at 1 pixel per inch

Last Sunday I had the pleasure to participate in making an aerial map, a very detailed overhead image of Dolores Park taken from 200’ to 400’. The fine folks at Public Laboratories have published the result. A couple of direct links: a full page slippy map and aerial video. I also got a nice single shot of the new Dolores Park playground (full size).

This kind of mapping comes from Public Laboratory, a cool non-profit helping ordinary people make their own aerial maps. You don’t need a satellite or fancy cameras on a plane to make a “satellite map”. All you need is a kite or balloon, a cheap point and shoot camera, and a little software.

I particularly like how low tech the setup is. The lift comes from something as simple as a mylar balloon filled with helium (we used a car dealership ad balloon). No fancy cradle, just some rubber bands holding the camera to a plastic soda bottle with the soda cap as the clamp. And no special camera, just an ordinary consumer camera set to continuous drive with another rubber band holding down the button. Launch, fly for awhile, pick the best photos, then stitch them together into a map. (That last part takes some effort; you can do it by hand in Photoshop or use the MapKnitter web app).

The Dolores Park shoot was mostly for fun, a nice way to be outside on a sunny day and excite a bunch of kids. But Public Laboratories participates in more serious projects too, like documenting the Deepwater Horizon oil spill. A key thing about this kind of mapping is anyone can do it relatively cheaply and quickly. You can also fly other sensors, they’re doing a lot of work in environment monitoring,

Many thanks to Stewart Long and Bobby Sudekum for letting me tag along on the fun photo shoot.

FreakonomicsHow Will Rio’s Arrest Bounty Play Out?

(Photo: Jorge Andrade)

An interesting e-mail from a reader:

Hello. My name is Thiago, and I am writing from Brazil. I always read freakonomics posts thru my rss reader and I saw a news today that inspired me to write to you.
 
Rio de Janeiro’s  police started a new policy to incentivize cops to arrest the most wanted drug dealers. The prize: 15 days off and one weekend in a beautiful island at Angra dos Reis with all costs included.

I wondered if this incentive will have a positive effect, whereas there are bad cops who are bribed by drug dealers. What if these bad officers began to been rewarded by drug dealer with tickets to Disney instead of arrest them?
 
Think about it…

Yes, Thiago, we will think about it! In fact, we’re currently working on a podcast about this very type of unintended consequences — a bounty boomerang, you might call it.

Matt MullenwegWP BBQ in Memphis

For the third year now I’m over in Memphis for the World Championship of BBQ, joined by Otto, Nacin, Scott, and Rose. Last year due to flooding the festival was moved to a fairgrounds inland, but there’s nothing quite like being right on the Mississippi with the sweet aroma of pork all around you. (An aroma that, incidentally, follows you home in your clothes. :) ) The team we sponsor, the Moody Ques, put together an impressive booth this year, which you can see coming up in the below timelapse:

The video doesn’t do justice to the delicious food being cooked inside, though, which you have to experience in person.

Matt MullenwegBuilding Have Baby / Need Stuff

Mark Jaquith writes How I built “Have Baby. Need Stuff!” — a nice overview of the latest and greatest in modern WP development.

O'Reilly Radar - Insight, analysis, and research about emergingPublishing News: No dismissal for Apple, Macmillan and Penguin

gavel.pngThis week brought a couple of important updates in the lawsuits against Apple, Macmillan and Penguin. First, the antitrust lawsuit filed by 16 States' Attorneys General saw 17 more states jump in, and several new details came to light as previously redacted content was made public in the amended complaint. Laura Hazard Owen takes a look at the highlights over at PaidContent, including how the Big Five got holdout publisher Six to get on board:

"E-mails to Barnes & Noble: Once five publishers and Apple had enacted agency pricing, the complaint says the five publishers 'worked together to force' Random House to adopt it as well. On March 4, 2010, in an exchange also identified in the DOJ's filing, Penguin CEO David Shanks sent Barnes & Noble's then-CEO Steve Riggio an e-mail reading in part, 'Random House has chosen to stay on their current model and will allow retailers to sell at whatever price they wish ... I would hope that [Barnes & Noble] would be equally brutal to Publishers who have thrown in with your competition with obvious disdain for your welfare ... I hope you make Random House hurt like Amazon is doing to people who are looking out for the overall welfare of the publishing industry.'"

Jane Litte over at Dear Author has a thorough analysis of the amended complaint as well, and also covers the second important lawsuit update of the week: U.S. District Judge Denise Cote denied Apple, Penguin, and Macmillan's motion to dismiss the civil class action lawsuit. Litte offers highlights and analysis of both the amended complaint in the states' lawsuit and from Judge Cote's opinion. She says the emphasis on "windowing" — holding back ebook versions of hardcover books in order to sell more of the higher priced editions — is "genius of the DOJ/States' Attorneys General to argue because it sets a pattern of concerted behavior regarding price controls." Litte concludes:

"I think that the defendants (Apple, Penguin and Macmillan) have two options here. Settle now or take their slim chances to jury where I am convinced they will lose and hope that the 2nd Circuit slaps down Judge Cote's per se finding on appeal."

Litte's post is a must-read this week. She also will talk more about the DOJ/States' Attorneys General lawsuits with Kat Meyer on today's Follow the Reader discussion at 4 p.m. eastern on Twitter. You can join in at #followreader.

The future of publishing has a busy schedule.
Stay up to date with Tools of Change for Publishing events, publications, research and resources. Visit us at oreilly.com/toc.

The anti-piracy holy grail?

What if piracy on the Internet could be shut down? That's what Russian-based startup Pirate Pay is aiming to accomplish. The company, which was partially funded by a $100,000 investment from the Microsoft Seed Financing Fund, is targeting its technology at file sharing on BitTorrent. TorrentFreak reports:

"[Pirate Pay] has developed a technology [that] allows them to attack existing BitTorrent swarms, making it impossible for people to share files ... The company doesn't reveal how it works, but they appear to be flooding clients with fake information, masquerading as legitimate peers."

Company CEO Andrei Klimenko talked a bit more in-depth in an interview at Russia Beyond the Headlines:

"It was not so hard to do from inside an I.S.P.'s network. But to turn the technology into global service, we had to convince all I.S.P.s to acquire our solution. This is, what someone could call, mission impossible. So to create a global service, we had to find the way to do it from the cloud. So we needed money for development."

That's where Microsoft came in. In the interview, Klimenko describes the success of the group's first project, protecting the film "Vysotsky. Thanks to God I'm Alive" after its release in December:

"We used a number of servers to make a connection to each and every p2p client that distributed this film. Then Pirate Pay sent specific traffic to confuse these clients about the real I.P. addresses of other clients and to make them disconnect from each other. Not all the goals were reached. But nearly 50,000 users did not complete their downloads."

Whether or not the technology will continue to work in the long term is questionable. The BBC reports: "[University of Cambridge security researcher Richard Clayton], who blogs about such issues, said peer-to-peer networks would eventually adapt, sharing information about 'bogus' peers such as those reportedly utilised by companies like Pirate Pay."

"News you read is different than news you say you read"

In a post at at AdAge Digital, Steve Rubel mused this week on digital media, social sharing and news consumption. Inspired after an executive briefing at Fairfax Media's headquarters in Sydney, he writes:

"'News you read is different than news you say you read,' said Darren Burden, general manager-news and digital publishing for Fairfax, one of Australia's largest companies. The former is driven by what you want or need to know, and the latter by what you want your friends to think.

"Just like that, Burden nailed the psychology that drives subconscious and routine behaviors in the digital age. The media get it. They know that as social networks become a primary pathway to content, news that's crafted to find you must indeed be different from news that's intended for you to find.

"Few companies can execute both styles equally well, however, and the result is a stylistic continental divide as newsrooms tilt toward one or the other."

Rubel's analysis of how various brands are wrestling with the issue is an interesting read. He concludes that content producers are going to need to be "adept in both styles to create the resonance required to stand out in an age with too much content and not enough time."

Related:

FreakonomicsWhen Graffiti Strikes Back

We’ve written a few times about what we call reverse incentives: comedian and activist Dick Gregory‘s use of the N word; Planned Parenthood turning abortion protestors into a fund-raising scheme; and the “pledge-a-picket” drive.

The latest instance comes from fashion designer Marc Jacobs. It began when the graffiti artist Kidult vandalized Jacobs’s SoHo shop by scrawling “ART” across the storefront. A Twitter war followed, but Jacobs wasn’t done. As The New York Observer reports:

Rather than end this thing in a stalemate, Marc Jacobs and his team have taken this thing one step further, making very clear his subversion of the supposed subverter. How?

He made a T-Shirt of the entire episode.

Even better? According to the Marc Jacobs Twitter, “Available now for $689. Signed by the artist, $680.” And according to The Cut, yes, they’re actually selling it.

Jacobs, in this situation, has made one hell of a commentary about the absurd commoditization that some street art has yielded, and how easily ostensibly subversive art can actually be subverted, facile as it so often is, and it may be the best take on the matter since Exit Through the Gift Shop.

P.S.: If you haven’t yet seen Exit Through the Gift Shop, you must. It is excellent, whether it’s a stunt or not. And the closing song, Richard Hawley‘s “Tonight The Streets Are Ours” is a pop miracle.

Fri, May 18, 2012 -- Storytime with Linda at 10:00 AM

Storytime with Linda in our Children's Area. 



Location: Ocean Beach

Fri, May 18, 2012 -- Preschool Storytime at 10:00 AM

Join Grandma Patti for our very popular storytime, which is perfect for pre-schoolers and their families.

Location: Serra Mesa-Kearny Mesa

Fri, May 18, 2012 -- Preschool Story Time with Ms. Brenda at 10:00 AM

Parents and kids hear a story and learn some songs!


Location: City Heights/Weingart

Fri, May 18, 2012 -- Preschool Story Time at 10:00 AM

Join Mr. Eric our resident story teller for picture books and song games for ages five and under. 



Location: San Carlos

footnoted.orgFacebook in the filings…

You may have heard (or, perhaps read) about a company called Facebook (FB), which is going public today. For weeks now, there’s been a steady drumbeat of stories, and an even steadier drumbeat of filings. The most recent S-1, with the pricing details, was filed on Tuesday morning, making it the 8th version of the document.

We’ll let others focus on the blow-by-blow today. Our friends at both the New York Times’ DealBook and the WSJ are both live blogging today’s events (see here and here respectively). What we found more interesting was the rash of insider trading-related forms filed late yesterday. We counted 39, which was significantly higher than those filed by Google (GOOG) insiders prior to its IPO in August 2004. Four of those were filed by various entities tied to Goldman Sachs. Digital Sky Technologies, an early investor, accounted for another 5 insider forms.

As for the individuals, the filings come from some names you’ve undoubtedly heard a lot about lately, including new Singaporean citizen Eduardo Saverin, who according to this Form 3 that was filed at 8:41 pm last night, owns 53.1 million shares. (That’s $2.02 billion at $38 a share.)

The other thing we found interesting was this confidential treatment order (PDF) seeking to shield three exhibits, filed late yesterday. Because the CT order was granted, we have no idea what’s in those agreements, but we do know that exhibits starting with the number 10 are material contracts, and usually worth paying attention to. We took a quick look back to see what other high profile IPOs had been granted CT requests on the eve of their IPOs and it was a mixed bag: Zynga (ZNGA) and Zillow (Z), both of which went public last year, filed CT orders on the day they went public. So did LinkedIn. But Google, Amazon (AMZN), eBay (EBAY) and Groupon (GRPN) didn’t. (In fact, Google and Amazon have never filed for a confidential treatment order.)

The champion in seeking CT orders is Orbitz (OWW), with a record 17 filed over the years. The stock went public in July 2007, and is now trading at around $3.31 — down 77% from its IPO. And the other tech IPOs that filed CT orders when they went public? Except for LinkedIn, they’re all trailing the S&P 500. Google and Amazon, by contrast — the companies that have no confidential treatment orders on file with the SEC — are doing pretty well.

Is there some sort of indicator in this? That may be a bit of a leap. Still, Facebook’s desire for secrecy leaves us a little skeptical, given that two of the most successful tech companies of all time have apparently never felt the need.

Image source: businessman with finger to his lips via Shutterstock.com


See more of what’s in the filings: Check out FootnotedPro, where we highlight unusual opportunities and potential problems well in advance of the market. For more information or to inquire about a trial subscription, email us at pro@footnoted.com.


JabberwockMad maane mother: on Jerry Pinto's Em and the Big Hoom

[Did a version of this review for The Hindustan Times. There’s a longer, more personal piece I’d like to write about this book sometime – about the chord it struck for me both as a son and as a writer – but I’m not quite ready for it yet. Some other time, hopefully]

--------------

The easy way to describe Jerry Pinto’s autobiographical novel Em and the Big Hoom is to say that it is a son’s account of life with a mentally unstable mother. Imelda Mendes is called “Em” by her two children, the unnamed narrator and his elder sister Susan. Their father Augustine – affectionate, dependable but taciturn – is “the Big Hoom”, and they all live together in a one-BHK flat in Mahim. Imelda has always been an energetic woman, but at some point after her children were born “someone turned on a tap” and a crippling depression set in - she has a few good days, but on the many bad ones even the trenches dug by the municipal corporation outside the house might seem like part of a threatening conspiracy. (“We never knew when the weather would change dramatically with Em.”) The family rallies around her and each other; the narrator describes their lives with a heartbreaking mix of tenderness and humour.
Mad is an everyday, ordinary word. It is compact. It fits into songs. As the old Hindi film song has it, M-A-D, mad maane paagal. It can become a phrase - "Maddaw-what?" which began life as "Are you mad or what?". It can be everything you choose it to be: a mad whirl, a mad idea, a mad March day, a mad heiress, a mad mad mad mad world, a mad passion, a mad dog. But it is different when you have a mad mother. Then the world wakes up from time to time and blinks at you, eyes of fire.
That makes this sound like a very particular story about a very particular person, but Em and the Big Hoom is much more universal in its appeal. Read carefully and you might agree that it isn’t just about a “special” mother, it is about parents in a more general sense – parents as the looking glasses that we sometimes recoil from because in their aging faces and increasingly erratic behaviour we see our future selves – as well as a reminder that “normalcy” and “madness” are not airtight categories. Anyone who has ever experienced the fading of a parent should feel a shudder of recognition when the narrator mulls living in a world that “continues to be idyllic and inviting for you but your mother is being sucked into the centre of the earth [...]The imperium of the world’s timetable will allow you to break step and fall out for a while, but it will abandon you too if you linger too long”.

This gentle, kaleidoscopic narrative is many other things. It is a remembrance of the long courtship between Imelda and Augustine, and a son's attempt to understand what two people he takes for granted (“if you would just get that familiarity thing out of your eyes...” his mother tells him) might have been like in a very distant time, the Mumbai of the 50s and 60s (when Imelda worked as a stenotypist in an engineering-goods company, one of the few options available to a girl from her community and background). It is a story about four people living in a small house where privacy is not an option, a litany of very candid conversations (not all of them occurring beneath a facade of mental illness) and delightful pen-portraits: consider Em’s mother, who speaks in elisions, omitting important words in every sentence so that one has to infer what a question like “Where do you thissing?” might mean.
 

And this is also, in a strange but illuminating way, a book about writers and writing. Much of our understanding of Em’s state of mind comes from her journal entries, reproduced throughout the narrative, and letters such as the meandering one in which she acknowledges the seriousness of her relationship with Augustine (and her realisation that she was no longer just an “I” but part of a “we”). We are told that she was a seemingly effortless writer – one who might have made a career out of it in another lifetime – but also that compulsive writing may be a manifestation of her condition. “She was free associating, gliding through language.”

Given this, it is notable that the narrator himself tries to fight his genes by seeking refuge in the rigours of writing. “One of the defences I had devised against the possibility of madness was that I would explain every feeling I had to myself, track everything down to its source [...] I worked it out on a piece of paper...” And at another point: “I felt, instinctively, that when you had enough words ... you would be able to deal with the world.” The writer in him reaches for ways to convey his feelings about his mother, but also recognises the impossibility of the task; after writing half a page of elegant prose about dark towers and their residents, he concedes that “as all analogies must, this one breaks down too”.

This may help one understand why Pinto – a prolific, busy writer-journalist known for juggling projects with ease – took more than two decades to complete this very personal book (which, he has said in interviews, was originally 10 times its current length). And this brings me to my one quibble about Em and the Big Hoom: the fact that it is presented as a work of fiction. While it works as a novel on its own terms (the writing is consistently vivid and moving enough to appeal to the reader who approaches it as a purely made-up story), I think it works even better if you know who the narrator is, and a little more about his own writing life.

I don’t usually spend time thinking about how “autobiographical” a novel is (any book, even one set in an imagined fantasy landscape, is in some sense autobiography) or how "exaggerated" a memoir is, but reading Em and the Big Hoom, I felt – for the first time in a long while – that it mattered. At least it matters to me because, speaking as a reader-writer envious of the quality and range of Pinto’s work, this book seems to reveal much about his own imperatives. Trivial though this might sound (and unconnected with the very high quality of the writing), I wish it had “Memoir” printed on its jacket flap.

FreakonomicsIs a Meat-Eating Cyclist a Contradiction?

(Photo: Sarah Gilbert)

In response to James McWilliams‘s still-reverberating post about why more environmentalists don’t promote veganism, a reader named Mary writes:

I have always wondered why environmentalists are so reluctant to promote veganism, but eager to promote alternative transportation. Many residents of the U.S. are currently locked in to their car-dependent lifestyle, with large mortgages in suburbs with no safe sidewalks or bike lanes and inefficient transit. Ditching their car is logistically much more difficult to do than buying beans instead of meat at the grocery store. Currently, the infrastructure for reducing car use is lacking in many communities, though vegan foods, like beans, grains, fruits, and vegetables, are much more easily obtained.

It’s an interesting point. A few related thoughts come to mind:

  • One reason that “vegan foods, like beans, grains, fruits, and vegetables, are much more easily obtained” is because of our transportation network.
  • When we did a recent podcast about the perils of drunk walking, there was pushback from a quadrant I hadn’t anticipated: the anti-car movement. Their argument was essentially that pedestrians shouldn’t be blamed for vehicular accidents because they (even when drunk) are essentially innocent bystanders, whereas cars are essentially weapons.
  • As we explored in another podcast, about personal biases, human beings are pretty good at lining up the facts that fit our personal preferences, even if our preferences are sometimes contradictory. In other words, if I hate cars because of their pollution but love meat, I may find a clever cognitive twist that allows me to keep loving the latter while slamming the former. In fact, the smarter you are, the better you may be at living with these contradictions. Like Whitman said:

Do I contradict myself?
Very well then I contradict myself,
(I am large, I contain multitudes.)

What do you have to add?

If nothing else, Mary should be reading James Howard Kunstler and watching Portlandia .

O'Reilly Radar - Insight, analysis, and research about emergingVisualization of the Week: Urban metabolism

This week's visualization comes from PhD candidates David Quinn and Daniel Wiesmann, who've built an interactive web-mapping tool that lets you explore the "urban metabolism" of major U.S. cities. The map includes data about cities' and neighborhoods' energy usage (kilowatt per hour per person) and material intensity (kilo per person) patterns. You can also view population density.

resource_intensity.jpg
Click to see the full interactive version.

Quinn writes that "one of the objectives of this work is to share the results of our analysis. We would like to help provide better urban data to researchers." The map allows users to analyze information on the screen, draw out an area to analyze, compare multiple areas, and generate a report (downloadable as a PDF) with more details, including information about the specific data sources.

Quinn is a graduate student at MIT; Wiesmann is a PhD candidate at the Instituto Superior Técnico in Lisbon, Portugal.

Found a great visualization? Tell us about it

This post is part of an ongoing series exploring visualizations. We're always looking for leads, so please drop a line if there's a visualization you think we should know about.

Fluent Conference: JavaScript & Beyond — Explore the changing worlds of JavaScript & HTML5 at the O'Reilly Fluent Conference (May 29 - 31 in San Francisco, Calif.).

Save 20% on registration with the code RADAR20

More Visualizations:

O'Reilly Radar - Insight, analysis, and research about emergingWhy I haven't caught ereader fever

iPad 2 illustrationO'Reilly GM and publisher Joe Wikert (@jwikert) wrote recently about how he can't shake his ereader. I read his story with interest, as I can't seem to justify buying one. I was gifted a second-generation Kindle a while back, and it lived down to all my low expectations. The limitations were primarily the clumsy navigation and single-purpose functionality. I loaned it to a friend; she fell in love, so my Kindle found a new home.

At this point, I do all my ereading on my iPad 2: books, textbooks, magazines, news, short form, long form ... all of it. I will admit, I found the new Nook Simple Touch with GlowLight that Wikert acquired somewhat tempting. The technology is much improved over the second generation Kindle, and though I haven't yet played with one in the store, I bet the execution is much more enjoyable. Still, my original hang-ups prevail.

First, I don't want to be locked in to one retailer. On my iPad, I have apps that allow me to read books bought from anywhere I choose. I can buy books from Amazon, Barnes & Noble, Apple and other smaller retailers, and they will all work on my iPad. True, this spreads my library around in a less-than-ideal organization, but the ability to buy books from anywhere is more important to me.

Also, I'm not so sure ebooks and ereaders will have a place down the road, making the value proposition of the investment that much less appealing. Much like the music journey from records to MP3s, digital reading technology is advancing, and perhaps at a much faster pace than its music counterpart. Jani Patokallio, publishing platform architect at Lonely Planet, recently predicted the obsolescence of ebooks and ereaders within five years, suggesting the web and HTML5 will become the global format for content delivery and consumption. And publications such as the Financial Times and MIT's Technology Review already are dropping their iOS and Android apps in favor of the web and HTML5.

I doubt my iPad will become obsolete any time soon. I look forward to the day books are URLs (or something similar) and we can read them anywhere on any device — and that day may not be too far off. I think I'm so attached to the iPad experience because it simulates this freedom to the best of its ability.

Ereader shortcomings also are likely to present a rich content hindrance, even before a shift to a web/HTML5 format gets underway. In a separate blog post, Wikert talked about a baseball book that missed its opportunity by not curating video links. He wrote: "The video links I'm talking about would have been useless on either device [his Kindle or Nook], but if they were integrated with the ebook I would have gladly read it with the Kindle app on my tablet." As publishers start realizing content opportunities afforded by digital, I think my iPad will serve me better than a single-purpose ereader.

Another hang-up I have, and this is likely to do with my general aversion to change, is the form factor. Most ereaders are somewhere around mass-market-paperback size, and the Nook Simple Touch and Simple Touch with GlowLight are nearly square. I prefer hardcover or trade paperback size — about the size and shape of my iPad. I might be able to get past this particular issue, but given the others I've mentioned, I just can't justify trying.

I will have to surrender to Wikert on the battery life and weight points — the one thing I really liked about the Kindle was its feather-light weight and the fact that during its short stay with me, I never had to charge the battery. I expect the surrender to be temporary, however. I have faith in our engineering friends — two years ago, a research team at MIT was using carbon nanotubes to improve the battery-power-to-weight ratio ... I can't imagine it will be too much longer before life catches up to research. In the meantime, I expect to remain happily connected at the hip to my iPad.

The future of publishing has a busy schedule.
Stay up to date with Tools of Change for Publishing events, publications, research and resources. Visit us at oreilly.com/toc.

Related:


Schneier on SecurityKip Hawley Reviews Liars and Outliers

In his blog:

I think the most important security issues going forward center around identity and trust. Before knowing I would soon encounter Bruce again in the media, I bought and read his new book Liars & Outliers and it is a must-read book for people looking forward into our security future and thinking about where this all leads. For my colleagues inside the government working the various identity management, security clearance, and risk-based- security issues, L&O should be required reading.

[...]

L&O is fresh thinking about live fire issues of today as well as moral issues that are ahead. Whatever your policy bent, this book will help you. Trust me on this, you don’t have to buy everything Bruce says about TSA to read this book, take it to work, put it down on the table and say, “this is brilliant stuff.”

I'm hosting Kip Hawley on FireDogLake's Book Salon on Sunday at 5:00 - 7:00 PM EDT. Join me and we'll ask him some tough questions about his new book.

Get Rich SlowlyReader Survey: How Can We Improve Get Rich Slowly?

I am the guiding voice of Get Rich Slowly. Over the past six years (and one month), I’ve been the one who has written the bulk of the articles here, the one who has edited 95% of the material on the site, and the one who has decided which topics we cover and which topics we ignore.

That said, I like to think I’m responsive to the needs of the readers. As the audience has changed, so too has the material I’ve covered. (And, of course, my own financial life has changed too, which influences the direction of the site.)

From time to time, though, I feel out of sync with the readership. I feel like your needs and my needs have diverged. When that happens, I make a post like this one, a post that asks explicitly: What topics would you like to see Get Rich Slowly cover?

Rather than simply guess at this stuff, I’m asking you to give us feedback about what you need and want from a personal finance blog.

  • Do you want to see more articles about the psychological side of money? Or would you prefer to see fewer of these?
  • Is it useful for you to hear about the lateest bank and credit card deals? Or should we keep these sorts of articles to just a couple of times per year?
  • Would you like more reader-contributed material or less of it?
  • What about non-financial stories, stories about success and achievement?

Basically, anything you can tell us about what you like about Get Rich Slowly — and what you don’t like — will help us build a better blog for the future. So, please leave a comment below to tell us how we can better help you. (And, if possible, point to some recent articles you love and/or some recent articles you hate.)

While we’re talking about administrative stuff, let me note that we’ll soon be doing another round of hiring for staff writers. As we bring new people on board, what’s important to you about their content and writing style? Do you like personal stories? More academic pieces? Do you a younger writer who reflects your experience? An older writer? Somebody who’s struggling with debt? A millionaire? How important is the writer’s voice? Their writing skill? Basically, tell us what sort of staff writer you think would appeal to you

I know many of you would prefer that I wrote every post here, and that’s flattering. But, as several astute readers have noted lately, I’ve burned out. It’s time to inject some fresh blood into this site, and your voice will help us determine how we do that.