Monthly Archives: March 2008

Not just for Techies

I love this idea, using computers to order your food in a restaurant.  I live in an area with extremely bad service in most restaurants.  So the idea of using a computer to put in my order is an idea I would jump on.

I’m a busy person and so the restaurant model of waiting for the waiter to come and take my order and then hope they got it right in between their flirting with the person catching their eye at the next table.  Instead it makes more sense to have a computer on the table so that when I’m ready, I just place more order and go.  So no matter what you order, green tea, cheesecake or whatever, you have control over the timing of your order, I like that.

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Filed under Business, Food

Well, At Least it is Better than a Che Shirt

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Filed under Fun, Pics

Non US Site Shutdown for Offering Cuba Trips

So the New York Times feels it is horrible that a Brit had his sites shut down for selling trips to Cuba.  Of course the angle is free speech and the US government can’t do this, etc…  The basics are, a Brit living in Spain ran a few travel sites to Cuba on .com domains.  The US government didn’t like this and shut the sites down.  The argument is that the US government has no jurisdiction as the sites were not in the US.  But that’s wrong.

What most people fail to realize is that .com is a US domain, so the US does have rights over all the domains in the .com realm.  Doesn’t matter where that site is based, because the .com domain is managed in the US so guess what, you have a .com, doesn’t matter where you are, you are still under US law.  A lot of non US based people don’t seem to realize that .com is for the US, that other countries have their own.  Now if this Brit went with .co.uk, that’s another story, no US jurisdiction so he would be save there.  So yeah, on this one I think the government was in its rights to do what it did.  Now, was it a valuable use of tax payer money, that’s another issues all together!

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Filed under Business, Censorship, Globalization

Tougher Rules for Financials

Here’s a great article about the call for tough rules on financial instruments.  The sub prime has done us a great favor, it highlighted the problems with our financial institutions in a way you can’t hide.  Take the credit score for example, how many people actually know how this thing works?  Very few, the company that created it, Fair Isaac, doesn’t share how it calculates your score and it is left to only a few who know the real magic to it.  And that’s what it is, we are no different than people 2,000 years ago going to wizards and oracles for advice, the credit score is no different. 

 

Here’s how, in the old days, a leader would consult a wizard who was the only one who know the mysteries of their trade.  Today our financial institutions consult the credit score by Fair Isaac of which only they know the mysteries of the credit score.  I think we should have the employees over there wear robs and long pointed hats, kind of go all out.  But lets not just pick on the credit score, there are a lot of other tools out there fall into this category or similar category.  A call for tighter financial watch dogging is a very good idea, that is, as long as the watch dogs are truly watching and truly doing their job to protect, not just another window dressing program while it is business as usual behind closed doors.

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AIG, Letting Go of Top Execs

Remember, told you there was more to come, and expect even more.  Some say AIG at $30 a share is possible, who knows, they are certainly headed in that direction.

 

The sad thing is, this guy is really the fall guy.  No way was it his fault alone.  In fact that company is so poorly run, you might as well fire all the managers and start over again, maybe then they will learn to make money and actually learn what customer service means at the same time. 

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I told you So, AIG

I love being right, well who doesn’t actually.  But I said in a recent post that the troubles at AIG were not over and they are not, once again, huge loses, AIG posted the worst quarterly lost in the companies entire history. 

 

You can expect that things are far worse than they are telling us.  A company of that size dragged down the entire sector on the Friday after the reported.  It is a good case for the Ma Bell treatment on AIG.  When companies get too big, it’s time to do some laser surgery and break them up.  Now I know Bush won’t do this because AIG is part of his base, but anyone can see that when companies get this big, they cause trouble by the very fact that there is plenty of room for the stupidity factor to up big time.

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Filed under Business, Globalization