Monday, December 31, 2012
SEARCH AND CURATION
we currently live in a world of too much information. there is just too much stuff. too much books, movies, music, restaurants, photos. we dont live long enough to intelligently take even the best part of it in. and it is only going to get worse. the amount of information created and stored is now measured in exabytes and zettabytes.
in such a situation the only answers lie in search and curation. search needs to get alot better. word, image, spoken, phrases etc, need to be integrated and get much better. today when we make a google word search we get a million answers and never leave the first page. we are not getting the best, unbiased, unbought nor personalized answers. search needs to and will become amazing.
and
Curation. letting trusted experts recommend stuff to us. at the end of each year, hundreds of entities, people, periodicals etc come out with their best of lists and even just relying on such, there is too much stuff.somehow or other i managed to see about 5 of the LA Times "best" movies of 2012. i know the latimes is not the apogee and i will try to see Amour and Zero Dark 30, but i stray. curation is critical. we need more of it and we need better curation. maybe the answer is to figure out how to increase the rewards for excellent curation
that's it. in a world of too much information, we need to rely on search and curation.
Tuesday, December 4, 2012
EVERYTHING IS MOBILE; THE MAGINOT LINE FAILED
everything and everyone is mobile. this is a problem for nation states and states.
the french built the Maginot Line to block a German invasion after WW I. they used static analysis. it failed. the Germans merely went around it in a flanking maneuver and took France in 6 weeks
many years ago i flew from New York to Frankfurt on Lufthansa, business class, non-smoking. the only problem was that what separated non-smoking from smoking was just an aisle. the smoke didn't know it wasn't supposed to go across the aisle and ruin my flight.
the UK recently increased the tax rate on "millionaires" from 40% to 50%. this was to increase tax receipts. what happened was that the number of millionaires in the UK declined from around 16,000 to around 6,000 and the total amount of taxes and the % of taxes from this group actually declined significantly. they left. and they probably took their money
California recently raised a bunch of their taxes to balance their budget; which is out of balance because expenditures are up by 60%. what do you think will happen?
some people will leave. people who have national businesses will focus their growth outside of California. if you had the choice between trying to grow in California or actually growing in Texas; which would you choose?
Texas.
labor is mobile it will follow the jobs, though there is some friction
entrepreneurs are mobile
capital is mobile
all these elements will tend to flow towards policy that encourages economic growth and value creation, which includes wealth creation and away from those places like california and france that dont. the UK just lowered the rate down from 50% to 45% to lure some of those bad millionaires back
we will see
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