mtippett

Palin gets booed in Philly

mtippett — Sun, 12 Oct 2008 14:40:19 +0000

Nice…notice the lack of jersey since she was caught rocking the Rangers gear yesterday? Also, sorry for the poor audio quality, my TV tuner has been wonky lately. I assure you the boos were even stronger than you hear in this video.

If you read the comments you can see the commentary from people who were there. Apparently they had to turn the music up to drown out the audience.

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Tags: Philadelphia | World | booed | Palin | hockey game

Some more maverick thinking

mtippett — Sun, 12 Oct 2008 14:32:06 +0000

Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market is a book by James K. Glassman and Kevin A. Hassett. It was published in 1999, shortly before the dot-com bubble burst, and predicted that the Dow Jones Index would rise to 36000 within a few years. Parts of the book were also published in The Atlantic Monthly. Its title refers to the Dow Jones Industrial Average.

As of September 2008, Hassett was serving as an economic advisor to John McCain’s Presidential campaign.

NOTE: The DOW closed this week at 8450. Need I say more?

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McCain attack ads inspire violent anti-Obama rhetoric with GOP supporters

mtippett — Fri, 10 Oct 2008 14:02:19 +0000

Joe Biden warned John McCain that his rhetoric about Obama being associated with a supposed terrorist was dangerous and it seems Biden was right. The mood of the hard core right in the US is becoming shrill and unsettling.

With McCain passing up the opportunity to level any tough personal shots in his first two debates and the very real prospect of an Obama presidency setting in, the sort of hard-core partisan activists who turn out for campaign events are venting in unusually personal terms.

“Terrorist!” one man screamed Monday at a New Mexico rally after McCain voiced the campaign’s new rhetorical staple aimed at raising doubts about the Illinois senator: “Who is the real Barack Obama?”

“He’s a damn liar!” yelled a woman Wednesday in Pennsylvania. “Get him. He’s bad for our country.”

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NYC National Debt Clock runs out of digits

mtippett — Thu, 09 Oct 2008 12:33:25 +0000

Your media has failed you in yet another new and innovative way…

NEW YORK - In a sign of the times, the National Debt Clock in New York City has run out of digits to record the growing figure.

As a short-term fix, the digital dollar sign on the billboard-style clock near Times Square has been switched to a figure — the “1″ in $10 trillion. It’s marking the federal government’s current debt at about $10.2 trillion.

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McCain Calls Americans ‘My Fellow Prisoners’

mtippett — Thu, 09 Oct 2008 07:06:10 +0000

This really is odd. There are times when Freudian slips are just too revealing. What does he have in mind for us?

McCain Calls Americans ‘My Fellow Prisoners’

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Tales from the Near Future: Mike Walsh

mtippett — Wed, 08 Oct 2008 13:16:16 +0000

I’m in Copenhagen for New Media Days listening to Mike Walsh. Here are my notes as he delivers his presentation.
Predictions about the future assume our attitudes stay the same.
The future often comes out of nowhere.
The low res revolution is happening on Youtube.
Behavioural change is important.
The new network is the ‘audience network’.

Social

Play

Anywhere

Where Overlay

Viral

Avatar

Free

Asia has a young population with a healthy disrespect for copyright.
Kaixinoo1 is one of the most popular social networks in China.
Parking wars and friend slaves are popular games in these social networks.
Audience networks are stealing authority from the old networks.
The Arctic Monkeys were discovered on Myspace.
Mouse loves rice became a hit in Asia with over 200 million downloads. It was discovered and disseminated by kids.
Xiao Pang became famous through photoshop.
Gaming is beyond just the game.
Internet addiction camps are becoming popular in Asia.
People are watching high res streaming video on their phones through tuners built into the device.
Barcodes are appearing on tombstones which can trigger media when you take a picture of it.
Mobile phones have displaced location from calls. But GPS reverses that.
Louis Vuitton has a sound walk that plays geolocated narration via your phone.
Overlay = Augmented reality experience
Denno Coil is an example
Super distribution drives internet superstars
The 50 cent party is a group of propaganda bloggers.
QQ world has 200 million users in China.
in Mobagetown you can’t use your real name or refer to your real name. You have a second virtual life played out on your mobile phone.
Mediajacking is big.
Immediacy is driving consumption.

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Tags: Culture | Copenhagen | future | New Media Days | Mike Walsh

Lehman CEO Punched at Gym

mtippett — Wed, 08 Oct 2008 13:03:24 +0000

The heads of these big banks are becoming targets. In this case it was a Lehman employee.

While former Lehman CEO Richard Fuld was testifying before the House Oversight Committee Oct. 6, CNBC reported he had been punched in the face at the Lehman Brothers gym after it was announced the firm was going bankrupt. CNBC and Vanity Fair contributor Vicki Ward said Fuld was attacked at the gym on a Sunday following the bankruptcy.

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Nikkei plunges 9.4 percent, biggest one-day fall since ‘87

mtippett — Wed, 08 Oct 2008 08:05:19 +0000

Today it is Asia’s turn to get battered in the markets.

TOKYO (Reuters) - The Nikkei average plunged 9.4 percent on Wednesday, its biggest one-day drop since the 1987 stock market crash, as fear spread of a global recession, fueled by expectations of a slide in profits at Toyota Motor Corp (7203.T) and a firmer yen.

Panic over the fast-spreading financial crisis dragged down markets across Asia, with Japanese steelmakers such as Nippon Steel Corp (5401.T) sliding, as the Nikkei set another five-year closing low. It has lost 19 percent in the past five days.

With Iceland on the brink and banks here in the UK calling on the government for protection against nervous depositors there is plenty of fear in the markets. The hope is that quick action from the British government will alleviate some of those concerns and take the edge off the negative sentiment that is gripping world markets.

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Site shines light on McCain’s involvement in current financial crisis

mtippett — Tue, 07 Oct 2008 17:17:16 +0000

A website that has been set up to illustrate John McCain’s involvement in the S&L crisis has been getting a lot of attention lately. It’s worth a watch.

The current economic crisis demands that we understand John McCain’s attitudes about economic oversight and corporate influence in federal regulation. Nothing illustrates the danger of his approach more clearly than his central role in the savings and loan scandal of the late ’80s and early ’90s.

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Roubini: The Risk of the Mother of All Bank Runs

mtippett — Fri, 03 Oct 2008 19:00:47 +0000

Nouriel Roubini - the man who anticipated the current financial meltdown - is worried:

Yesterday Thursday a senior market practitioner in a major financial institution wrote to me the following:

Situation Report: So far as I can tell by working the telephones this morning:

LIBOR bid only, no offer.

Commercial paper market shut down, little trading and no issuance.

Corporations have no access to long or short term credit markets — hence they face massive rollover problems.

Brokers are increasingly not dealing with each other.

Even the inter-bank market is ceasing up.

This cannot continue for more than a few days. This is the economic equivalent to cardiac arrest.

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