Gary Edwards's Public Library

WOW!  Everyday brings new revelations.  We've been robbed!

excerpt:  Now we know: Geithner and Friedman interceded on behalf of Goldman and Wall Street (Merrill received $6.2 billion, Societe General - a whopping $16.5 billion) to deliver a stealth bailout, one that wouldn't need Congressional approval, and even better wouldn't require the counterparties to pay any of it back NOR would it require that they issue shares, warrants or any other instrument to AIG (taxpayers) in return for more than $32 billion in free money.

In any other time, a sitting Treasury Secretary who interceded on behalf of Wall Street to screw taxpayers out of tens of billions, would not be sitting long.  But Democrats control both the House and Senate, so there are no investiagtions (Issa's letter aside).  Traditional media is content not to rock the boat for President Banks Obama lest they be shunned by their peers, and ultimately, 99% of TV and print journalists don't understand the issues well enough to complain with any conviciton, especially against the merry backdrop of the Dow rising and their deflated 401ks beginning to show life.

They fall prey to fear and weakly submit to duplicitous hyperbole (Paulson threatening martial law and blood in the streets), when they should instead be consulting with the objective, critical voices who foresaw the crisis and were prepared with alternative solutions when it finally came (Stiglitz said instead of TARP, create new banks).
A pox on Congress, President Banks Obama, Bush, Paulson, Friedman, Bernanke and Geithner (plus Greenspan and Rubin).  You may have gotten away with it for now, but I would wager there are a few million of us, roughly, who do understand everything that went down last Fall, and we're not amused.  We're not just going to let this one pass, and we will not stop filling the vast interweb with the truth (and our distaste and vitriol for your wretched souls) day after day, week after week, all over message boards and finance blogs, until justice is served.

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Bob Moriarty from 321 Energy provides a brief explanation of the fundamentals -  excerpt: I’ve made it clear for a year that I believe we have entered what will be the most serious depression in history. It also will involve the greatest transfer of wealth in history.

There are two basic classes of assets. There are paper assets and real assets. An ounce of gold is a real asset. A copper mine is a real asset. A house is a real asset. An oil field is a real asset.

Over the counter derivatives now total over $596 trillion dollars, (click here [pdf]) ten times the size of the world economy. Those are paper assets, their value is derived from some other asset. That derivative size is what is going to destroy the world’s financial system, it’s all fraud.

A mortgage is a paper asset. A T-Bill or T-Bond is a paper asset. A $100 bill is a paper asset. It’s pretty easy to see that a $500,000 mortgage on a house now worth $250,000 isn’t worth very much. Latest figures show 9.6 million homes in the US have negative equity. How many of those loans are going to be paid back?

According to an ex-Fed Director, both Fannie Mae and Freddie Mac are bankrupt. They were leveraged 65-1. For those comforted by the thought of the FDIC bailing you out should the banking system fail entirely, you need to realize the FDIC is leveraged at 130-1. We are told that the collapse of Washington Mutual alone could bankrupt the FDIC.

In a depression, no real assets appear or disappear. Paper assets, on the other hand, turn to vapor. But the ownership of real assets will change as the real assets move from weak hands into strong hands.

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Those bastard banks have taken over $2 Trillion from the taxpayers, and are using this cash to invest in emerging markets instead of the USA.  The Feds are providing interest free money to central banks, which then are used to invest in emerging economies.  The bankers get the profits and USA taxpayers get stuck with the cost.  

<br><br>There is no possible upside for USA taxpayers unless of course you agree with Obama that the USA standard of living and extraordinary economic prosperity must be lowered before global economic equality can be achieved.  This isn't just about greedy bankers and self interested international corporations.  Wealth redistribution is now the official policy of our government.  And the Federal Reserve is carrying it out with unexpected zeal.

<br><br>The numbers are coming in.  The facts are on the table.  The USA is being gutted. The surprise here is that the redistribution of wealth is not from rich Americans to poor Americans. The transfer of wealth is from all Americans, including the yet to be born, to the emerging economies of the world.

<br><br>excerpt:  Asian stock prices are shooting up, in part due to low interest rates in the U.S. Investors looking for higher yields are borrowing in U.S. dollars and then pouring that money "into countries that are growing more rapidly," said Stephen Cecchetti, chief economist at the Bank for International Settlements, the central banks' central bank, which warned early of the last asset bubble and is beginning to do so again. "That runs the risk of creating property and equity booms in those countries."<br><br>

\n\nAbout $53 billion has gone into emerging-market stock funds this year, according to data collector EPFR Global. Through Monday's trading, the broad MSCI Barra Emerging Markets Index this year was up 60.7%. Brazil was up 100%, and Indonesia had gains of 102.7%. Over the same period, the Dow Jones Industrial Average was up 11.5%.

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(Editor’s note: Jason Cohen is founder of Smart Bear Software. He contributed this column to VentureBeat.)I’ve started three companies, and now I’m an angel investor. So I’ve been on both sides of the table.

There are lots of good articles out there about pitching, and surely everyone who pitches me has read some of them. Still, a few problems appear over and over again. If you’ve ever had to sort through resumes and cover letters, you’ve seen this effect: People tend to have the same misconceptions and therefore make the same mistakes.

What follows are four problems I see all the time, each of which makes me roll my eyes and sometimes even terminate the conversation early:
... Be dismissive of the competition. (Don't!!)
..... Have five-year projections. (Forget it!)
..... Gloss over your strategy for customer acquisition. (Don't!, this is important)
....... Do what you think you “should” do instead of what feels right. (Stick with your gut!)

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Good article.  One of the first to go beyond the demo, recognizing that Wave is application platform - a wrapper for the convergence of communications and content.

Excerpt: Wave is a new way to build distributed applications, and it will open the door to an explosion of innovation.

What the Wave demo showed is support for a continuum from the shortest messages to longer and longer forms of content. All of it can be shared with precise control, tagged, searched. The version history is kept. No more mailing around a document. This takes the beauty of e-mail and wikis and extends it in a more flexible way to a much larger audience.

Google Wave is a platform for creating distributed applications. Each Wave server can be involved in a number of conversations involving Wavelets, what most people would think of as a document. Wavelets are actually a much more powerful and general because they are based on XML, which means you can have lots of depth of content, like headings and subheadings of a book, but on steroids. Adding a document repository to XMPP is just revolutionary.
The XMPP protocol manages the communication between the Wave servers so that all the Wavelets can synchronize as they are changed. Then Google finished the job by making Wavelets tag-able, searchable and versioned, so you can play back changes.
But Google Wave goes beyond just managing the content--it also manages the programs that act on the content. At any level, a program can be assigned to a Wavelet to render it, that is, show it to a user and help manage the conversation. Google Wave also manages the distribution and management of these programs. The idea of a platform that combines management of the data and the code is really powerful.

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excerpt:  Social Business 4.0 (SBS), is Jive's latest version of its enterprise collaboration technology. In this new release, Jive includes deep integration with Microsoft Office, a mobile application for the iPhone and Blackberry plus the ability to bridge from internal to external communities.

Jive is offering the ability to create or save documents in Microsoft Office with automatic upload to the Jive platform. Documents are rendered for the browser for users to view and make comments.Users may also collaborate on documents such as Power Point presentations. This co-authoring feature is similar to what you can do in Google Docs.

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Whoa!  Incredible fact filled analysis of the pre election GDP numbers released by Obama.

excerpt:  Disposable personal income decreased in nominal terms q/o/q by 5.9% while in real terms (inflation adjusted) it decreased q/o/q by 7.4%!  That is an enormous swing in purchasing power and not in the right direction!

Personal outlays increased $148.2 billion (5.8 percent) in the third quarter, compared with an increase of $8.2 billion (0.3 percent) in the second. Personal saving -- disposable personal income less personal outlays -- was $364.6 billion in the third quarter, compared with $533.1 billion in the second.

The personal saving rate -- saving as a percentage of disposable personal income -- was 3.3 percent in the third quarter, compared with 4.9 percent in the second.

So into decreasing personal income and disposable personal income people tried to spend anyway.  Best guess: most of this was "cash for clunkers", which is the worst sort of "spending" - it is the taking on of more debt by replacing a paid-off car with one that now comes with a shiny (and nasty) payment book.  The Trade: Go long auto repo outfits (aside: as far as I know there are no publicly-traded repo companies.)

Nothing in here I like; to the contrary, this report sucks and on a drill-down appears to be full of outright lies.

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This is the report John Cody worked on.  I spent four months answering his questions but was unable to adequately explain to him the difference between an "Office Suite" and a workgroup-workflow centric "Productivity Environment".  

John insists that it's entirely possible to rip-out-and-replace the MSOffice editors with the free OpenOffice Suite without disrupting important workflows and business processes.  I explained to him what happened in Massachussetts, including the 300 page pilot study report Sam wrote.  What he needs to do i think is pay close attention to the Burton Group coverage of what is now known as the SharePoint Foundation platform;  SharePoint 2010 having totally swallowed the MSOffice 2010, leaving the venerable desktop productivity office suite as an important end user interface into information rich business systems centered on the SharePoint "Unified Productivity" platform.

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Review of SharePoint-Office 2010 integration.  MSOffice access and integration with SharePoint "content" has been improved and expanded.  Templates, forms and reports have been moved to the SharePoint center.  Or should i say "the many possible SharePoint centers".  

There is also an interesting integration of the tagging system, with smart-tags becoming Bing enriched.  Good-bye Google.  Good-bye RDF - RDFa.

excerpt:  Many enterprises buy into Microsoft’s integrated vision of collaboration because they assume their products work well together. While in the case of SharePoint and Office this is technically true (more so with the 2007 versions), many of these integrations are either not used by or not visible to the average Office user.

However, integrations introduced in SharePoint and Office 2010 may change this perception because they are exposed in menus and dialogs used by nearly every Office user. Perhaps supporting SharePoint Online and having SharePoint provide the basis of Office Live Workspaces is encouraging the SharePoint and Office planners to take a more user-centric perspective.

In any case, here are some of the new integrations between SharePoint and Office 2010 that you should look for.

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A compiled list briefly profiling Obama's most important associations.  Most of whom are radical Marxists, racists and social revolutionaries hating Christians, Jews, and the ordered liberty guaranteed by our Constitution.  The list includes William Ayers, Carol Browner, Frank Marshall Davis, Anita Dunn, Dr. Eziekiel Emanuel, Rahm Emanuel, Chai Feldblum, Patrick Gaspard, Eric Holder, John Holdren, Valerie Jarret, Kevin Jennings, Van Jones, Mark Lloyd, Cecelia Munoz, Cass Sunstein, and uber racist Jeremiah Wright.  Good cheat sheet for future reference.

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tutorial book covers HTML5, CSS3, JavaScript, JSON, PHP etc.

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Gartner Analyst Michael Silver wrote the study, "Windows 7 is all but inevitable".  Here is a quote explaining why it's near impossible to migrate away from MSOffice and the MSOffice Productivity Environment:

There have been many organizations that have investigated moving off Microsoft Office, usually to a distribution of OpenOffice.org (including the free download, Sun’s StarOffice, Novell Edition and IBM Symphony), but relatively few have actually made the migration. Impediments include switching costs, issues with macros, stationery, databases and mail clients. For better or worse, for the past 15 years, organizations have chosen to overprovision and deploy a product that can do everything the most-advanced user requires to every user for the sake of homogeneity. Organizations that want to deploy OpenOffice.org (OO.o) need to come to terms with the fact that some users will still require MS Office and they will be forced to support a mix of products.

To Gartner, it makes sense to take advantage of viable perpetual licenses for Microsoft Office for as long as possible. The expensive product you already own will be cheaper than the cheap or “free” product you need to spend money to which to migrate.

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Incredible must read!  

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In depth story about the Federal Reserve failure to act as an unregulated subprime mortgage industry raced out of control, and major banking and financial institutions bought into the wild wild west of high interest rate - predatory lending.

excerpt:  during the years of the housing boom, pleas from consumer advocate groups failed to move the Fed, the sole federal regulator with authority over subprime mortgage businesses. Under a policy quietly formalized in 1998, the Fed refused to police lenders' compliance with federal laws protecting borrowers, despite repeated urging by consumer advocates across the country and even by other government agencies.

The hands-off policy, which the Fed reversed earlier this month, created a double standard. Banks and their subprime affiliates made loans under the same laws, but only the banks faced regular federal scrutiny. Under the policy, the Fed did not even investigate consumer complaints against the affiliates.

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excerpt: The trend in Office development is the migration of solutions away from in-application scripted processing toward more data-centric development. Of course this is a primary purpose of Open XML, and it is great to see the amount of activity in this area. We've seen customers scripting Word in a server environment to batch process / print documents or for other automation tasks. In reality Word isn't built to do that on a large scale, it is better to work directly against the document rather than via the application whenever possible.

The Open XML SDK unlocks a "whole nuther" environment for document processing, and gets you out of the business of scripting client apps on servers to do the work of a true server application (not to mention the licensing problems created by installing Office on a server).

comment:  Gray makes a very important point here.  The dominance of the desktop based MSOffice Productivity Environment was largely based the embedded logic driving "in-process" documents that was application and platform (Win32 API) specific.  Tear open any of these workgroup-workflow oriented compound documents and you find application specific scripts, macros, OLE, data bindings, security settings and other application specific settings.  These internal components are certain to break whenever these highly interactive and "live" compound documents are converted to another format, or application use.  This is how MSOffice documents and the business processes they represent become "bound" to the MSOffice Productivity Environment.

What Gray is pointing to here is that Microsoft is moving the legacy Productivity Environment to an MSWeb based center where OpenXML, Silverlight, CAML, XAML and a number of other .NET-WPF technologies become the workgroup drivers.  The key applications for the MS WebStack are Exchange/SharePoint/SQL Server.  To make this move, documents had to be separated from the legacy desktop Productivity Environment settings.

Note that OpenXML is the only document format supported by MS

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