BMW, Mini to use iOS 4’s new iPod Out for music | iPodNN

BMW and its connected Mini label have taken advantage of updates in Apple’s iOS 4 to provide an easier way to navigate music on an iPhone or iPod touch. When attached, any iOS 4 device will put out an iPod-like menu on a car’s center dash display; anyone in the front cabin can steer playback from the car’s own controls rather than distract themselves with the touchscreen.

via BMW, Mini to use iOS 4’s new iPod Out for music | iPodNN.

Apple has a killer “lock-in” scheme.  Making it’s UI universal and using users themselves as lock-in devices.

Conservatives for Higher Taxes – Economix Blog – NYTimes.com

“I am not, in general, in favor of tax increases,” [Kevin D. Williamson] wrote on Tuesday, “but I think that … conservatives would do better to support a budget plan that combines real spending cuts with tax increases than to support a budget that does nothing to reduce spending but leaves taxes where they are or reduces them.”

via Conservatives for Higher Taxes – Economix Blog – NYTimes.com.

At some point ideology must yield to reality.

Goldman Takes Shorts

UPDATE: I accidentally overwrote this post with an earlier draft so this version will necessarily be different from a previous posted one.  I regret the error.

Recently, as you’ve no doubt heard by now, Goldman Sachs has found itself in a bit of hot water over it’s role in the financial crisis that sparked off The Great Recession.  I firmly believe that this is due to, in no small part, the story Michael Lewis tells in his book,  The Big Short: Inside the Doomsday Machine.  People upon hearing it are generally shocked and dismayed, including some hardcore free market Republicans.

I had the good fortune to hear a really great interview of him by NPR’s Terry Gross on her program Fresh Air. In it, Lewis lays out the basic chain of event of on how the subprime crisis started, led to financial collapse and how a few non-Wall Street professionals saw things coming months, even years in advance, by using basic investing common sense.  Lewis claimed, “If everybody had thought the way they thought and behaved the way they behaved, the crisis never would’ve happened.”

Continue reading “Goldman Takes Shorts”

The Limits of Laissez Faire Capitalism

But there’s a pattern here to which we should pay heed, and it involves power. Too often, regulations are discussed in the abstract as a “burden” on companies that expend substantial sums to resist them.

Only after disasters such as this one do we remember that regulations exist for a reason, that their enforcement can, literally, be a matter of life and death. We will eventually learn what went wrong at Upper Big Branch and whether the safety violations were part of the problem. But then what will we do?

via E.J. Dionne Jr. – An old, sad story at a West Virginia mine.

The market signal that saves lives often costs them.

PolitiFact | A stimulus report card

“Our short answer is that the stimulus has had a big impact, and has helped bring the economy out of recession,” said Gus Faucher, director of macroeconomics at Moody’s Economy.com.

via PolitiFact | A stimulus report card.

By any honest assessment, it has indeed worked.  I think it was oversold by Obama and criticized all too often disingenuously by opponents, but on the whole, it did what Keynesian economics says this kind of spending is supposed to do.

Google Asks N.S.A. to Investigate Cyberattacks – NYTimes.com

Google Asks N.S.A. to Investigate Cyberattacks – NYTimes.com:

“By turning to the N.S.A., which has no statutory authority to investigate domestic criminal acts, instead of the Department of Homeland Security, which does have such authority, Google is clearly seeking to avoid having its search engine, e-mail and other Web services regulated as part of the nation’s ‘critical infrastructure.’”

(Via NY Times.)

I think anti-trust litigation is closer to their minds.

The Replacement Killers

Apple’s iPad: A Gadget Killer — or Just Another Gadget? – Knowledge@Wharton:

“Still, for Apple to convince people that they should purchase yet another device, the pitch for the iPad should revolve around device consolidation, say experts at Wharton. Clearly, consumers would welcome convergence. ‘Ten years ago there were very few of us who traveled with all these devices, but that’s no longer true today,’ says Clemons.

Matwyshyn agrees, but she doesn’t think the iPad can realistically consolidate devices just yet. In addition to its memory and battery life shortfalls, she questions whether the iPad can maintain a solid Internet connection: AT&T has taken a reputation hit because its networks have struggled to handle data traffic from the iPhone. ‘For people who don’t want to carry phone, laptop, music player and e-reader, the iPad could be appealing,’ she says. ‘The iPad isn’t that universal device yet, but it could evolve to be one.'”

(Via Knowledge@Wharton.)

While I’m sure my teachers have good reasons for believing the iPad falls through the cracks in terms of being between the compact smartphone and the powerful laptop, as well as failing to replace a plenitude of gadgets they might already own, I am much more bullish on the iPad despite the fact that my evidence is largely anecdotal.

“The Hot New Joint”

Consumers by definition consume, esp. that elusive commodity: cool. I was shocked as I stood in line to purchase a new iPhone 3G how many recent original iPhone purchasers were willing to upgrade. The tech punditry claimed it was simply not enough to upgrade, but there they were in line with me…contract be damned. I’m not convinced it was for the 3G or the GPS. Apple is not the company that markets its products based on tech specs. The new model was clearly better, but it was also redesigned to be sleeker and, dare I say it, cooler.

I have already been struck by the enthusiasm for a device people have not even touched but already want to buy both in life and reading online. I personally know of three people ranging from complete novices to technical Master Jedi who simply want one the day it goes on sale, not including myself. It’s clear they see a place for it in their pantheon of gadgetry.

I myself have 3 iPods, an iPhone, a MacBook Air, and an iMac. My 3rd gen I no longer use. A classic I use to carry my music library around, mostly in my car. And a nano I bought for exercise/running. None of them stopped me from getting an iPhone. Further, I am, in fact, thinking of replacement. I’m looking to deprecate my Air with an iPad because I’m looking for the slimmest computer that I can do my work on. The iPad 1.0 will do quite nicely provided the applications are there.

A Journey of a Thousand Miles Begins at 1.0

Clearly the iPad, as demonstrated, is a 1.0 product with its limitations examined ad nauseum. What is exciting for me are the possibilities of a new wave of computing the iPad represents. It’s very hard to predict exactly how things will change because it is the developers who will push this platform to new places if they can. Hardware specs are confining. They determine what the limits are, but it’s the software developers who determine what you can actually do with a computer. And ultimately it is they who will determine if consumers will want an iPad or not.

Can You Trust Census Data? – Freakonomics Blog – NYTimes.com

Can You Trust Census Data? – Freakonomics Blog – NYTimes.com:

“The problem is that until the Census Bureau does something about these widespread problems, we can’t even begin this process of cleaning up problematic research findings. Right now, the authors warn that: ‘The resulting errors in the public use data are severe, and… should not be used to study people aged 65 and over.’ Given the long list of afflicted datasets, up-to-date credible research on seniors is virtually impossible.”

(Via Freakonomics Blog.)

Recipe for mass “resignations.”