highlighting the future's bizzare as it transforms into the present's mundane
Posts tagged economy
Steve Woz on our closed source education system
May 14th
A very succinct message from Steve Woz on how our education system(s) kills creativity in its quest for a one size fits all approach to education…
This is so true all over the world… the waste of human potential is the greatest waste
Via EEtimes and DangerousPrototypes
India vs. USA: A visual comparison
Sep 27th
Mint.com (now owned by Intuit) has put an interesting set of easy to understand visual comparisons of India vs. USA. Here are the charts / graphs
How bad is the ‘bad’? The Economy According To Mint
Jan 30th
Aaron Patzer (CEO and founder of Mint.com) has posted an article titled The Economy According To Mint on Techcrunch. This is probably one of the best real looks at the real economy. Mint.com is a personal finance site used by close to 1 million US consumers to keep track of their spending. Mint’s data is a snapshot of the consumer economy.
From the article:
Consumers are hurting, but if Mint’s data is indicative of the economy as a whole, it is not as bad as you might think….(mint.com customers) are spending $400 less each month than they were a year ago, have burned through half of their savings, and on average have taken on an additional $5k in debt.
Fortunately credit card debt has not gone up substantially yet but we may still need to watch out for a credit card crisis as job losses continue. On the other hand, a robust spending by the government could replace consumer demand by government demand and in turn put people into work and money into their pockets. Theoretically, this sounds good, but only time can tell if it is possible practically.
TED on climate change
Dec 14th
TED has hosted a number of excellent speakers on the topic of climate change. However, I found 2 interesting almost opposite approaches to solving the issue.
In this talk, energy guru Amory Lovins lays out his plan for weaning the US off oil and revitalizing the economy in the process. It’s the subject of his book Winning the Oil Endgame, and he makes it sound fairly simple: On one hand, the deadly risks of continued dependency, and on the other, some win-win solutions.
Environmental scientist David Keith talks about a cheap, effective, shocking solution to climate change: What if we injected a huge cloud of ash into the atmosphere, to deflect sunlight and heat? As an emergency measure to slow a melting ice cap, it could work. Keith discusses why it’s a good idea, why it’s a terrible one — and who, despite the cost, might be tempted to use it.
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