The safety of banks

 Posted by on 28 March 2009  Modern Life
Mar 282009
 
Bank vaults have been secure throughout the ages. But what about the banks themselves?

Bank vaults have been secure throughout the ages. But what about the banks themselves?

The Canadian press can’t seem to get enough of telling us that Canadian banks are far more regulated and therefore much less likely to ever get into the dire situation that is affecting many of the bank in the U.S.  Though I’m no expert, I can see evidence of this very simply.  All the big banks are virtually indistiguishable from one another when it comes to their offerings to consumers (feel free to nitpick on this point, I’ll stand by it).

On the other hand, I also have a business bank account in the United States.  When I was doing my research as to which bank would best suit my needs, I was stunned by the wide range of offerings and packages available.  Now, well established with my bank in North Dakota, I started to worry a bit about whether or not it was in the same financial trouble as some of the other banks.

The Internet to the rescue!

The Investigative Reporting Workshop at the American University School of Communication has put together a database where you can search for a bank and see its  “total troubled assets” as well as its “troubled asset ratio.”  Each of these numbers are available for 2007 as well as 2008.

There is more financial information than you can shake a stimulus package at, and all of it is terribly fascinating.  You can also see which companies have received money through TARP (the Treasury Department’s Troubled Asset Relief Program).

You’ve seen them talking about the toxic assets held by banks on the news, now you can see which banks actually hold them and how much of them they have on the books.

Mar 282009
 

According to the new Microsoft ad — which is all over the blogosphere — Lauren has a budget of just $1,000 (which turns out to be Microsoft’s money, how kind) for a laptop, and she wants one with a nice keyboard and a 17″ screen. Now, if you go to the official Microsoft site, you have to install their proprietary “Silverlight” program to watch it. Thanks, Microsoft. Here’s a Flash version of the ad:

Now, as you will have seen, poor Lauren — who apparently doesn’t care about hard drive space, processor speed, memory, or whether or not she can burn DVDs — can’t find a single thing for her at the Apple store.

Well, duh!

I am no raging Apple fanboi. I happily use Macs at work, and I have an old iMac (thanks, boss) running my jukebox at home. But I also have a dual-booting WinXP/Ubuntu computer which I consider my main machine. Personally, I tend to find the tweakability and DIY factor of a PC to be more to my liking. And, since I don’t care overmuch about premium products, I find the budget of a Mac to be a little high for my tastes.

But, I certainly think they’re nice computers! They just don’t target the thin slice of market that Lauren represents (well, maybe not so thin). Even PCMag has “fact checked” the ad:

If Microsoft’s point is to stick it to Apple and claim that there’s only one Mac laptop for under $1,000 and it’s got a small 13-inch screen, they’re absolutely correct. You can’t walk out of an Apple Store with (any) laptop for under $1,000 after tax. Certainly you can’t walk out of an Apple Store with a 17-inch laptop for under $1,000. Apple’s 17-inch MacBook Pro is a professional product for people like pro photographers and videographers and is marketed and priced as such.

Exactly. Macs have a great operating system with unparalleled integration among all their hardware. The design is stylish, and the targeted market is professionals who want it to Just Work.

Sending Lauren into an Apple store with her stated list of requirements was ridiculous. What if she was looking for a vehicle? What if she was looking for something that was good on gas, easy to park and fun to drive — for less than $20,000? And what if Microsoft sent her into a limousine dealership?

“Geez,” she’d say, walking out disappointed. “Everything in there was big and stodgy — and expensive. They only thing they had for under $20,000 was a keychain.” Hyuck, hycuk.

But it’s not really making the point, is it? Straw man, much?

I hate advertising.

Eat more fish

 Posted by on 28 March 2009  Modern Life
Mar 282009
 

Mike Waddell (this Mike Waddell not this Mike Waddell) sent this pic along to me a while ago, and every now and then I think to myself, ‘heck, I should remember to blog about that when I get home.’ But it always slips my mind.

Well, now it’s up on Boing Boing, so I guess I should get around to it.

BB calls it “Redneck Sushi” but in the email that Mike forwarded along to me, it was billed as “Saskatchewan Seafood.” I think it’s a fun and clever way to dress up ordinary hot dogs — and I don’t really understand why it needs to be disparaged. Looks pretty creative to me!

Even the pickiest kids will generally eat hot dogs, so if you’re saddled with a really picky eater in your household, this might be an easy way to introduce some variety onto the plate. First “Hot Dog Kraken” … before you know it, calamari!

saskseafood

Mar 282009
 

A departing editor from the Boston Globe (he took a buyout) tells the local Alt-Weekly that, although he has high hopes for newspapers and journalism in the future, he just doesn’t think the current crop of managers has it in them:

The old business model’s broken, and it’s not coming back. Somehow or other, I believe there will be newspapers, and there will be journalists. But we have to figure out a new way to pay for it, and we haven’t figured that out–who’s going to pay what it takes to do excellent reporting and careful writing, and who’s going to buy it in what form when it’s done …. There’s a lot of innovation that’s going to go on. I just don’t think it’s going to be done by the management of papers as we now know them. I don’t think they have the imagination. I shouldn’t make a sweeping statement, but so far, what I see is just cutting and cutting and hoping some kind of miracle happens. I don’t mean that that’s the character of this company more than it is the character of any other. I just think that, for the most part, most newspaper management is in a state of shock. They’re not really going to be the ones to do it.

One of the commenters takes it even further, laying it on the Baby Boomers directly. Really rips into them, too:

Baby Boomer managers, and journalists … over the last 30 some years have had ALL the TIME in the world to innovate, and protect newspapers that are now about to go out of existance throughout this country (and others as well.)

Frankly, many aging boomers falsely believed that they were going to live forever, and did the best they could to keep their jobs over three decades, while at the same time, continuing to force younger reporters to skip from paper to paper, town to town, who’ve had to face the same “unimaginative” baby boomer executives, publishers, managing editors, and city editors, as well as having to deal with unresponsive boomer journalists who sought more to protect their careerist positions, rather than to innovate before it was too late.

Now, it is too late, and not only for baby boomers, who are lucky enough to even be offered “buyouts” rather than being laid off.

You can’t say that for the younger Generation X editors, reporters, etc., who now have NO newspaper to go to since the Baby Boomers, in their own greed and shortsightedness, have destroyed newspapers that lasted over 100 years.

Unimaginative? You bet.

It’s downright gruesome and sad to see one generation take down the entire newspaper industry and expect all of us to cry about the “good run” they had.

Great ride. But it’s the last ride for any other generation since younger generations cannot follow to even clean up the mess the Baby Boomer generations has left behind.

As for the newspapers ~ there won’t be any “mess” to clean up since papers are falling left and right ~ destroyed by the generation that once said never trust anyone over 30.

Great Job baby boomers.

Whether its fair to blame so-called “baby boomers” or not, I do think there’s a real fear in the upper echelons of the industry these days — and too many managers are afraid to take any chances. They just want to hold on until their pensions kick in. You can almost hear them chanting “Five more years, just five more years” with retirement so close they can smell it.

But, despite the anger that newspaper execs were asleep at the switch, I think there’s a burgeoning creativity online that bodes well. Newspaper inspire loyalty and love from people, and people really want to re-create their (former) success online. I have hope.

Mar 272009
 
newsdesign

When newspapers lost their idiosyncratic design -- including the Chicago Tribune's daily front-page cartoons, above, or the San Francisco Chronicle's distinctive sports section on green newsprint -- newspapers also lost some of their vibrancy and urgency and individuality, said former editor John Walter.

Wow. I stumbled across a very interesting column on Poynter earlier today. Poignantly, it was written by a former newspaper editor and discovered on his computer after he died. His wife gave permission to Poynter to publish it.

John Walter writes that big-city newspapers are dead. But, with a love of specificity and drilling down that characterizes a good journalist, he doesn’t lay the blame at the feet of vague terms like “industry shifts” “changing reading habits” or an “advertising slowdown.” Instead, he singles out three specific individuals who made influential changes at their newspapers, with long-term ramifications that have caused newspapers to die.

Now, you can (and I do) argue with some of his contentions. The changes that he cites may have been introduced by these three individuals, but there’s no doubt that if they hadn’t done it, someone else probably would have. They just happened to be first.

Still, the column is a fascinating read. To briefly sum it up, he blames the loss of newspaper competition on A.J. Liebling. He blames the loss of idiosyncratic newspaper design on Ed Arnold. And he blames the loss of a journalism-first ethic on Al Neuharth.

But although it’s not central to his thesis, he starts off the column with a lengthy reflection on why he — a former editor! — no longer even subscribes. It’s a low-key but searing indictment of the state of the industry. I mean, just read:

I canceled my subscription. This was because I discovered that I foolishly had been paying full price for a home-delivered subscription and didn’t know that if you started a new subscription, you actually got 50 percent off for 12 weeks. So, we canceled our subscription and then started it up again, and had 12 good weeks at 50 percent off.

Then I called to cancel my subscription at the end of the 12 weeks, and they said they really didn’t want to lose me as a customer, so I could have another 12 weeks at 75 percent off, and I realized what a fool I had been to take the paper for 50 percent off.

So I signed up for 12 weeks at 75 percent off, and when those 12 weeks ended, I called up to cancel, and they said, sorry, they weren’t offering the 75 percent off subscription anymore, but I could have the Wednesday through Sunday papers for the same price that I had been paying for the full week at 75 percent off, so I took that for another 12 weeks.

Then, just the other week, when they said I now had to pay full price again for whatever subscription I wanted — Sundays only, or five weekdays, or Thursday and Monday, whatever — I said the hell with it.

I sympathize with him. I’ll bet that if you offered free subscriptions — free home delivery, anywhere in the city, no cost ever! — circulation managers would be depressed at the low rate of subscriptions. There just isn’t as much interest in day-old news anymore.

Anyway, the column is a good read — a perceptive diagnosis, if not yet a cure.

Mar 272009
 

I’m all in favour of promoting ethnic diversity, and in celebrating cultural traditions, and in keeping alive heritage — I love the Lieuenant-Governor’s Winter Festival for example — but things that are “Aboriginal only” really rub me the wrong way.

It’s bad enough that there are Aboriginal-only casino rules, but now there’s an Aboriginal personal care home set to open in Winnipeg? The Winnipeg Free Press reports that it will be right next door to a First Nations school. Sigh.

Setting up racially-based institutions like that are just part of a long continuum that also includes odious things like “whites only water fountains.” And who gets to decide which Aboriginals get to enter the personal care home — or the school? Is there a reverse paper bag test? Is there preference to Sioux ancestry or Anishinaabe? What about Métis? What about one’s Status status?

Presumably, there is a market for this — just like there’s a market for women’s only gyms, and men’s only golf courses. And there used to be a market for Jew-free business clubs.

But I would like to hope that we’re moving away from that kind of world.

Suck it, Guinness World Records

 Posted by on 27 March 2009  2G1L
Mar 272009
 

Keith and I have talked lots and lots about our “2 Guys, 1 List” project, although we haven’t blogged a whole lot about it. But, that’s why we’re training to run a marathon (it’s on my list).

One of our other goals (Keith’s) is to get into the Guinness Book or World Records. Well, that’s hard. But, like many people with too much time on our hands, we have each scoured the record books, looking for a record that’s easiest to break.

Well, here’s an alternative — if the Guinness Book of World Records is like the Encyclopedia Britannica, then this is its’ Wikipedia — crowdsourced, beta, edit-it-yourself.

Hat-tip to my friend Colin, who passed the link along. It’s a compendium called the Universal Record Database, and it’s filled with records too esoteric or weird to attract Guinness’ attention:

or this one: Fastest Consumption Of A 24-Ounce Bottle Of Breakfast Syrup (2:32.2)

Note to Keith: We are not going to try to break that one.

Mar 272009
 

I saw a story on CNN earlier today that really made me think. It talked about 90 years worth of hand-written notes that average people had taken while bird-watching.

Now, every year (sometimes more than once a year) I do a brief story on the annual Bird Count, in which people head out into the area around where they live and tally up the numbers and the species of birds that they see.

While I’m not nearly that interested in birds specifically to join them on that quest, I can definitely see the value in having that information recorded. We keep track of so many things — from the weather to the stock market to how many bushels of wheat we produce — it just seems like we should also be keeping track of how many birds are around.

But that’s nobody’s job, really. It’s not “economically significant” or something. So it falls to an ever-shifting cadre of dedicated volunteers. And, in the aggregate, they come up with some really great data.

CNN tells of a similar project, over a century or so, in which amateur ornithologists recorded their observations on note cards. Those note cards, though, have been in danger of getting tossed out ever since the program wound down — until now:

Now, for the first time ever, the paper files are being scanned, transcribed and converted into a digital database for online access.

“These cards, once transcribed, will provide over 90 years of data — an unprecedented amount of information describing bird distributions, migration time and migration pathways, and how they are changing,” Zelt said.

The collection contains data on about 900 bird species, some of which — the Guadalupe storm-petrel, Labrador duck, Guadalupe caracara, great auk, Carolina parakeet and passenger pigeon — have gone extinct.

Although the article focuses on how scientists will be able to mine the newly-digitized data for information on climate change, I can see hundreds of scientifically interesting uses.

It also reminded me of a similar story that I read a while back, about a family who kept records of a lake’s biodivirsity through several generations. It took me a while to track it down, but I found it in the New York Times:

Every week to 10 days, by boat in summer and over the ice in winter, he crossed the lake to a spot about a mile and a half from Bolshie Koty, a small village in the piney woods on [Lake] Baikal’s northwest shore. There, Dr. Kozhov, a professor at Irkutsk State University, would record water temperature and clarity and track the plant and animal plankton species as deep as 2,400 feet.

Soon his daughter Olga M. Kozhova began assisting him and, eventually her daughter, Lyubov Izmesteva, joined the project. They kept at it over the years, producing an extraordinary record of the lake and its health.

That kind of information — regular and precisely tabulated for decades on end — is absolutely irreplaceable. It’s the kind of data that scientists try to approximate when they drill ice cores.

Lake Baikal, by the way, turns out to be a really interesting lake to study — it’s got fantastic biodiversity, including a fish that disintegrates into oil when exposed to sunlight (sadly, not called a vampire fish) and freshwater seals. It’s also smaller than any of the North American “Great Lakes”, but because it’s so deep, it actually contains more water than all of them put together. In fact, it contains a full 20% of all the world’s freshwater.

What’s neat now is that these old scientific records, when finally entered into a computer, can be — for the first time — subjected to detailed statistical analysis. It’s really a gold mine for researchers, and I’m genuinely thankful to the people who are dedicated enough to do this.

Closer to where I live, by the way, there’s the Criddle/Vane homestead, which has long-term plant and entomological records from the Canadian Prairies.

Compendium of tourist scams

 Posted by on 26 March 2009  Modern Life
Mar 262009
 

I’m pretty sure that a boisterous young boy one day in Cuba tried to pick Amy’s (empty) pocket, but I guess we’ll never know for sure.

Here’s a web page with about a zillion stories a lot like that one. The best advice, maybe, is this:

If you are forced to walk somewhere dodgy … one thing I’ve found that works is putting on the “Oh man, what have I done?!” face. This is the kind of face one may have as they are thinking to themselves: “Oh man, I shouldn’t have hit that last person so hard…I wonder if they’re dead?” Imagine it. It’s the face of a person who has absolutely cracked, gone off the deep end, and just killed someone. This may sound really weird, but trust me, if you wear that face, and you round a corner and catch the eye of some shady punk, he will jump out of your way.

I don’t mean to suggest that travelling is awful or that you should be scared of everyone you meet. Quite the contrary! I love travelling and I’ve met plenty of absolutely great, kind, welcoming people, everywhere I’ve gone.

But the myriad ways people will scam other people has always fascinated me.e

Torture

 Posted by on 26 March 2009  Modern Life, NSFW
Mar 262009
 

This is a hilarious, profanity-laden video showing the ultimate in Mario frustration. It’s pretty long, but worth it.

My friend Jenn posted this to her facebook, and I have no idea whether this is a real level, or if someone created it, but the commentary is so funny.

Mar 262009
 

Okay, now that you know who you’ve outlived, based on your chronological age, why not take a (lengthy) test and find out just how old you really are!

The fine folks at RealAge.com will analyse your answers to a multitude of questions — from how often and how intensely you exercise, to whether your parents are still alive (or when they died) and just how much potassium is in your vitamin supplements.

And then, correlating all of that with  some kind of magic database actuarial voodoo, they’ll tell you your (patented) RealAge.

(I’m chronologically 32.4, but my RealAge is only 21.6, so that makes Amy the cradle-robber, thank-you very much.)

And actually, I was pretty honest, so there. RealAge also tells me that I could be even youger (perhaps enough to turn Amy into an illegal cradle-robber?) if I changed just a few of my habits. I don’t floss enough, for example. And I don’t get enough potassium, even with the vitamin supplements.

I encourage you to go take the quiz yourself — but set aside some time. It’s not quick. Oh, and watch out for the fact that they take all your detailed health answers, compile them, and then sell them to drug companies!

Yes, that’s how RealAge makes (tons of) money. From the New York Times:

While RealAge promotes better living through nonmedical solutions, the site makes its money by selling better living through drugs.

Pharmaceutical companies pay RealAge to compile test results of RealAge members and send them marketing messages by e-mail. The drug companies can even use RealAge answers to find people who show symptoms of a disease — and begin sending them messages about it even before the people have received a diagnosis from their doctors.

While few people would fill out a detailed questionnaire about their health and hand it over to a drug company looking for suggestions for new medications, that is essentially what RealAge is doing.

The article suggests that you can avoid the marketing madness by carefully avoiding anything that tells you to “sign up” for a RealAge membership, and by not agreeing to be sent any “material of interest.” That’s what I did — but going through the test, there were at least half a dozen times where I had to carefully skip past the screen that suggested I sign up.

It’s interesting, but if the data-mining seems too pernicious, avoid! And, I dunno, go drink a Diet Pepsi, or something.

Mar 262009
 

I love the ACLU because they seem to be the only organized group that stands against the worst excesses of the state. Go ahead and point out any wacky lawsuit that they’ve filed that you disagree with, and I’ll show you something of yours that they’re defending.

Now they’re defending child porn? Well, not really, of course. Wired’s Threat Level blog reports that the ACLU is ready to file suit against a prosecutor who was going to charge teenagers for having non-nude photos of themselves, simply because other students were trading them:

“Skumanick’s threatened prosecution chills Plaintiff’s First Amendment right of expression, causing them concern about whether they may photograph their daughters, or whether the girls may allow themselves to be photographed, wearing a two-piece bathing suit,” the ACLU wrote.

Walczak said that “sexting” is a problem that parents and educators need to address. But felony charges aren’t the answer.

“Teens are stupid and impulsive and clueless,” he said. “But that doesn’t make them criminals. Child porn charges that land you on an internet registry even if you’re a juvenile? That’s a heck of a way to teach a kid a lesson about not being careless.”

Goal: Stop setting goals

 Posted by on 26 March 2009  Modern Life
Mar 262009
 

Here’s an interesting thought: Setting goals may actually do more harm to your performance than good. It’s discussed at length in this Boston.com article, called “Ready, Aim … Fail,” which cites an academic paper called “Goals Gone Wild.” (I just had to work that headline into the lede.)

Setting goals can lead to “bursts of intense effort in the short term” say the authors, but narrow or poorly defined goals can cause people to focus on the wrong thing. They may miss the bigger picture, for example, or they may simply fail to notice something that’s not part of the goal paradigm.

See this “Awareness Test,” which Amy blogged about last month, for an example of goal-setting that can literally blind you.

The biggest problem with setting goals, however, is that studies have found people who are close to meeting their goals — but not quite — tend to lie or cheat in order to make up the difference. The end becomes more important than the means — except those means can be quite important. They discuss the Ford Pinto debacle:

In the late 1960s, Ford CEO Lee Iacocca, determined to take back the market share the company was losing to smaller imports, announced a crash program to create a new car that would be under 2,000 pounds, under $2,000, and would go on sale in 1970. Desperate to meet the conditions and the deadline, company executives ignored and then played down questions about the safety of the car’s design. As a result, the Pinto, with a fuel tank just behind the rear axle, was uniquely prone to igniting upon impact, and 53 people died in such fires.

Goal-setting often rewards the short-term at the expense of the long-term, and here they cite examples ranging from Enron to a dieter who takes up smoking to help lose weight.

Look around, and even today’s economic morass can be attributed to people doing things that only made sense if they were solely interested in meeting the next quarter’s analyst projections.

Of course, thinking long-term is just a different goal timeline — and it can miss changing circumstances.

Instead of focusing on goals, the authors suggest focusing more on the process:

What’s often required is a “learning goal” – one where someone pledges to come up with, for example, five approaches to a thorny problem – rather than a performance goal that assumes that the problem will automatically be solved.

And whatever they are, goals need to be flexible when circumstances change. Francis Flynn, an organizational psychologist at Stanford, says he always tells his students that “the best goal you can have is to reevaluate your goals, semi-annually or annually, to make sure they remain rational.”

Rather than reflexively relying on goals, argues Max Bazerman, a Harvard Business School professor and the fourth coauthor of “Goals Gone Wild,” we might also be better off creating workplaces and schools that foster our own inherent interest in the work. “There are lots of organizations where people want to do well, and they don’t need those goals,” he says.

Ah, enlightenment. Maybe what we really need is a “Happiness Index,” a number that can be tracked like the stock market — and as obsessively analysed and influenced.