Category Archives: Business

Typical Microsoft – threats!

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~~~

I just happen to be reading Lawrence Lessig’s The Future of Ideas. In it he depicts all the strong arm tactics Microsoft used to stymie innovation in the computing / internet world.

Why should we expect anything better from such a company?

 


No Money in antibiotics

Corp-Pharmaceuticals are waiting until the epidemics are eminent before they even consider wasting research and production on antibiotics. This is not across the board of course, but the trend is there. Actually ‘saving’ the world is a low priority for corporations. making money once it gets really bad — well, that’s a profitable mode of operation.

Corp-Pharma = Evil.

“Antibiotic resistance is growing, and we are fast running out of treatment options. If we leave it to market forces alone, the new antibiotics we most urgently need are not going to be developed in time.”

WHO priority pathogens list for R&D of new antibiotics

Priority 1: CRITICAL

  • Acinetobacter baumannii, carbapenem-resistant
  • Pseudomonas aeruginosa, carbapenem-resistant
  • Enterobacteriaceae, carbapenem-resistant, ESBL-producing

Priority 2: HIGH

  • Enterococcus faecium, vancomycin-resistant
  • Staphylococcus aureus, methicillin-resistant, vancomycin-intermediate and resistant
  • Helicobacter pylori, clarithromycin-resistant
  • Campylobacter spp., fluoroquinolone-resistant
  • Salmonellae, fluoroquinolone-resistant
  • Neisseria gonorrhoeae, cephalosporin-resistant, fluoroquinolone-resistant

Priority 3: MEDIUM

  • Streptococcus pneumoniae, penicillin-non-susceptible
  • Haemophilus influenzae, ampicillin-resistant
  • Shigella spp., fluoroquinolone-resistant

 

http://www.who.int/mediacentre/news/releases/2017/bacteria-antibiotics-needed/en/

~~~

How to cure this? (ha!)

Put a society funded (government) bounty on creating effective drugs that combat drug resistant bacteria — with a guaranteed production and delivery of N numbers of doses over X number of years, all at an agreed upon ‘society benefiting’ fixed price.

Penalize drug companies that do not participate by adding additional months of FDA approval time to any drugs on the docket.

“Hey, Drug Companies! Society needs this. You’re in the business. DO IT! Or find another means to fill your shareholder’s bank accounts.”

 


One potato two potato

What is money?

It’s a proxy, a stand-in for exchanging value for value.

Does money have value? Should it? I think not.The entities being exchanged have value but money should never have intrinsic value. Money should be a temporary representation of value that is used in transactions between entities exchanging real things of value for other real things of value.

Something like the gold standard therefore is the wrong approach as this gives intrinsic value to a rare resource. Gold, silver, platinum are useful for various industrial and decorative purposes and their relative value might be representative of some worth. But because they are rare and permanent they can be hoarded and controlled. Money (value for value exchange) should never be allowed to be “cornered” or overtly controlled; rarity is not a system of value.

Say I grow corn. And you raise chickens. I’d like some of your chickens and you would like some of my corn. We could establish a system of value for value exchange, e.g. money or currency, by creating a temporary contract, 5 chickens = 1 bushel of corn. Currency is always a ratio: x of these equals y of those. If I plant corn in the spring but would like to acquire some of your chickens before the corn can be harvested, I could create a little promissory note, “NOTE WORTH ONE BUSHEL of CORN”. If you *trusted me* I could give you one of these and depending on how valuable you considered my corn, you would give me five of your chickens.

Now, here’s the part that fails with our current monetary system. Harvest comes and I have corn to spare. You come to me with that NOTE I gave you and exchange it for a bushel of corn. But what should happen to that NOTE now? Our contract is complete. I got chickens and you got corn. That NOTE I created as a promise should be destroyed. I no longer own you a bushel of corn. I have possession of this NOTE and it *should* no longer possess representational value.

Our current monetary system uses dollars. These dollars, these NOTES, have no intrinsic value. Nor have they been created as promises, as proxies or stand-ins for real value. That’s the rub. That’s the problem. Today’s money exists not as true proxies for value for value exchange, but as some fabricated, faked up promise created out of thin air. Money, the dollar, is magically created from nothing and somehow we accept it as representing value. And it gets worse. That dollar is not just magically created from thin air — a promise is made to banks to pay them a dollar — for nothing! We, government, society, goes into debt to create dollars owed to banks with which we then trade among ourselves, value for value.

We need a new monetary system.


Misery != Profit

Industries which profit from misery should not be profit seeking.

Here’s an ugly thought, and although it would never be stated as true, is true none-the-less:

• If every person on the planet became diabetic, Novo Nordisk, Sanofi, and Mannkind (among others) share holders and board members would be thrilled (they make insulin).

• If every person on earth contracted cancer, Genentech (the leading cancer drug company) and its shareholders and board members would be equally energized (despite having cancer and diabetes).

• If you STOPPED getting sick, were healthy all your days until you died of old age these pharmaceutical companies would all collapse and die AstraZeneca, GlaxoSmithKline, Merck, Pfizer, Roche, Johnson & Johnson and many others (representing nearly $500Billion in annual revenue – they MAKE that much money off of our misery every year).

There are other industries, like the entire health care system, HMOs and insurance industry. The healthcare system only makes money when you are sick or dying. The insurance industry only makes money when you THINK you are going to be sick or dying.

Lawyers who specialize in malpractice litigation are another foul industry — they only make money when you’re ill or dying AND you claim your doctor or hospital made you sicker or killed you.

For them your misery = their livelihood.

This is EVIL.

How do you fix it? It’s obvious I’m afraid. Many progressive countries have made the switch over to cure this egregious misanthropy: socialized medicine.

What entity does NOT want you to get sick, or be unhealthy causing you to be unproductive and becoming a costly burden on society? Society of course! And what is the central representation of society in every country on the planet? Government.

In a socialized healthcare system government loses money when you’re sick and can’t work, when you can’t be productive in society. So, government and the offices they create will try and make sure you are cured as quickly and effectively as possible. They’ll advance medicine and care systems to try and keep you healthy and reduce costs not increase them.

Society wants its citizens to be healthy and productive. Corporations want citizens to be sickly and profitable. Novo Nordisk does NOT want your diabetes cured — they want you to be forced to buy insulin for the rest of your life. Novo Nordisk loves the booming trend of obesity – get fat and get sick is their mantra.

That is EVIL!

Industries that make money off of our misery should be severely regulated and taxed or better yet – nationalized.

 

 


The Need Economy

We are most assuredly smack-dab in the “I Need” economy.

I need ____ fill in the blank. What app hasn’t been built to try and fill some niche need some human (or other) might want or desire?

  • I need a trip to the airport next week.
  • I need a place to stay in Cabo in August.
  • I need a pizza.
  • I need my groceries picked up at the store.
  • I need a flight to Chicago, next Wednesday.
  • I need a new prescription filled.
  • I need a prom dress.
  • I need a child sitter tonight.
  • I need my lawn mowed.
  • I need, I need, I need.

The list goes on forever.

Now, many of these needs can be filled almost instantly. Amazon is the ultimate “I need” fulfillment provider. I need a ride, Uber of course. I need a place to stay, AirBnb. I need a flight — oh priceline, or expedia or kayak. And then the other needs have fulfillment channels but those require more work. Craigslist can fulfill some needs for selling your stuff, or buying local goods and services like firewood or carpentry. The same for Angie’s list, and the other “lists” out there.

But what’s wrong with this whole picture is that there are dozens of these channels that a person must navigate in order to have a need fulfilled.

Why not just have one?

This one will interpret your need, maybe query deeper to narrow down your choices and then either begin the fulfillment chain or connect to the service of choice to have that need realized.

Where is this singular, unified needs provider? Is it in the soul of the new DeepMind  AIs being built? Is IBM’s Watson going to become my personal valet for every want I could ever voice? What?

Someone will build this. You know they will.

Or is this an opportunity to be the first?


World economy permanently changed?

Maybe the world has fundamentally changed and entities like the Fed are more and more irrelevant.

The exponential increase in technological advances continues to make prior technologies irrelevant. There are no cycles in these tech changes. It’s just flat out disruptive change. No going back. No thinking that we can come around again and use old thinking like we used to.

Maybe economic factors that we have assumed will cycle themselves back into vogue — won’t.
Maybe:
• worker participation percentages continue downward,
• wage stagnation is permanent, inequality is here to stay,
• worker replacement by tech is a true and expanding reality,
• commodities have permanently saturated markets,
• there will be no global recovery, ever again.
Maybe, the concepts of exponential change have finally impacted the world economies and that what factors economists dream would process through are now permanent features of the world.

What is the probability that the world has well and truly changed and no one knows what will come to be from here on out? 

https://www.washingtonpost.com/news/wonk/wp/2016/06/14/larry-summers-the-fed-is-making-the-same-mistakes-over-and-over-again


(Comments from WashPO)

My Comments

What the rise of the finance industry, and recent support by $trillions of QE, has given the wealthy is the threat theory that they must prepare for the next revolution. What they don’t seem to realize is that Americans are not that bad off — enough — to trigger general revolt. And will probably never be.

Additionally, and this is to article’s unstated assumptions and some comments, it’s not the lack of wealth in the lower 90% that causes the inequality, it’s the lack of the velocity of expenditures through the 90% that has exacerbated the inequality problem.

If the wealthy were to figure out that the dividends they earn from the investments they hold would expand greatly were they to hand out $1000 checks to every 90%’er in the country, they would be lining up to increase the circulation of funds. Think about it, pay a struggling mother, or a 20 something wage slave a thousand dollars, what will they do with it? Save it? Hell no. They’ll spend it like it was on fire. What would 100 million people spending an extra $1000 do to the economy? It would kick it in the pants. Profits would rise in the corporations where the money was spent. And the rich would get richer.

Decreasing the inequality, more equitable distribution of all wealth, will increase the velocity of money through the economic system thereby boosting everyone’s over-all wealth.
6/10/2016 2:12 PM PST [Edited]

Currently in locales where marijuana is legal the primary problem is the lack of banking access. Pot shops are cash based only which exposes them to raids and thievery. So the fact that the Fed still treats marijuana as schedule 1 must be fixed to really cure the problem in the U.S.

Additionally, why separate shops to offer this single product (OK, edibles too) for sale? Marijuana is a drug, so let pharmacies regulate it and sell it. If you want to buy it — buy it at your local grocery story pharmacy. There its quality and quantity would be controlled. Access controlled. And the taxes collected and tallied. It’s a drug. Drugs are sold by pharmacists. Seems pretty logical to me.
6/10/2016 1:06 PM PST

What’s that old adage? A camel is a horse designed by committee.

Correct me if I’m wrong (the internet is very good at that), but way back when, wasn’t the “corporation” originally a creation whereby a local government invited multiple merchants and construction agents to join, for a time, into a single entity — solely for the purpose of creating public works like bridges?

And could that work again? Collect all the interested, somewhat adversarial, parties into a single entity whose sole purpose would be to “repair a bridge” or “fix a water system” or “repair a levee system”…?
5/28/2016 10:08 AM PST [Edited]

HG Wells knew how to kill off an invasive species… Superbugs are just nature’s way of eradicating the real contagion (humankind). Now, this is one weapon that the super rich cannot combat with their money, “sorry Mr. Walton, sirs, nothing we have will cure you of your infection — you’re going to die just as everyone of your employees might.” Are superbugs the ultimate retribution, although a pyrrhic end of humanity?
5/27/2016 5:36 PM PST

>”Trump’s own real estate career suggests the rules that govern those deals are often negotiable; lending terms can be renegotiated when a borrower is close to default, for example.”

That statement is the core of the Drumpf financial filosophy (sic). Donut thinks he can simply renegotiate much of what is on the books, as far as financial transactions go, for a “better deal”. The guy is so full of hubris that he believes his chutzpah can tunnel its way through the reality of world finance — and come out the other end not stinking of the irrationality its dipped in.

Spread the word, Hillary is a plutocrat, no question, but better one of those than a financial delusionist.
5/9/2016 5:56 PM PST

No one tries to be happy. Either it happens or it doesn’t.

Causation? If happiness “just happens” (or not) then there can be no causation right?

“If I can make just one more person’s life miserable, I’ll be happy.” — Leximize
3/6/2016 9:35 AM PDT

Who’s up for a little Quantum Easing?
Big Bang Theory or Big Bank Theory?
“This helicopter, Ben, only has one control; lower or higher, I think you need a few more.” “Sheldon, try pressing that button on the dash that reads ‘QE’, that should put a massive spin on things.”
2/29/2016 2:19 PM PDT

Productivity measurements are broken.
Take the smartphone for example.

• “Deliver to me all the world’s news, millions of hours of video entertainment, instant communication with everyone I’ve ever known, the delivery of my work product, instantly to millions of people.” And so on and so forth. Take the sum total delivered service in that statement, dial back the calendar to 1950 and then calculate how much it might cost to provide that.
• “Deliver to me a ham sandwich.” The ag-corp complex has turned that product delivery into a fraction of its cost 20 or 40 years ago.
• “Deliver to me the latest best seller novel.” The comparison to 20 years ago is immense.
• “Deliver to me a new pair of socks.” Same thing.

True productivity is through the roof. What is NOT advancing, what is falling further an further behind is HUMAN productivity. We are being replaced.

(Matt, you polluted your article with a tangential reference to the Great Recession — had no reason to do that — you totally muddied your argument.)
2/26/2016 9:59 AM PDT

“Whenever we allow government to pick winners and losers…” And if we let YOU pick the winners and losers all we’d have would be monopolies. What would be more appropriate are better rules to ensure Koch Industries has to deal within the same constraints as every business out there. Campaign limits, lobby limits would be good starts. Maybe the 28th Amendment — corporations are NOT people — would help too. What’s that? I can’t hear you over the din of people telling you go to off fishing and to not come back.
2/18/2016 10:49 PM PDT

?Excellent information, thanks WaPo.
It has been established that experiences and memories, which would include opinions based on thoughts, are represented as actual physical connections of dendrites within the brain. One’s belief that the “world is flat” resolves to actual pathways in the brain which store this information. It is my belief that to change your mind — the world is round — is to force a physical remapping of your mind. And that this breaking and recreation of dendrite channels *hurts*. I have no evidence to support this supposition that there may be pain (or the facsimile thereof) involved in assuming an alternative opinion. But the physical remapping appears to be fact. That an actual physiological change occurs… must be significant.
2/14/2016 11:08 AM PDT [Edited]

3 LikesFood consumption drive-thrus are nothing more than a satellite symptom of an established pattern of behavior that has failed to develop with the times.

There is no reason for a large percentage of workers these days to DRIVE to work — at all. If you are an information worker — as most of those 86% most likely are, you should be telecommuting.

Information companies should be taxed for each parking space taken up by a worker’s auto. $10/day for every car that show up in your parking lot. Got 50 people driving to work to sit in a cubicle? That’s $500/day. That should be a great source of income for repairing our roads and bridges. AND great incentive to force businesses to encourage telecommuting.

If you sit at a desk and type on a computer for 70% of your day — you should work from home. Period. Time for US business to lose this powertrip manager mentality.
2/14/2016 10:45 AM PDT

You make a deal with the Devil and you eventually pay the price.
Let’s face it. Corporations have only one master — the bottom line. If you fall below that, no matter who or what you are, expect to get cut; downsized. There’s no spite in it. Only a seemingly callous indifference to the people who patronize their business.
No doubt some of these closures could have been eased into, perhaps transferred or sold. And maybe for little towns like Kimball, it’s an opportunity to take back their community from corporate greed and avarice.
2/5/2016 4:53 PM PDT

Can’t. Small. Talk. Is love humanity’s gift to the Universe? What areas of the globe might actually benefit from AGW? What three foods would you choose to only eat forever on? Empathy felt by pets, does it echo our own, supersede it or is it something entirely different? What would you grab first if an earthquake started RIGHT NOW? Are smartphones just a phase? Will we be using pocket Watson’s soon? Can’t. Small. Talk. I just can’t.
1/25/2016 5:25 PM PDT

Jonas and the Great White Wail
1/21/2016 8:58 PM PDT

If the Sol system is typical just think of all the planetary sized objects (sub or otherwise) floating around the Universe. It’s not just 5-10 planets per star, it’s more like 20-100 planetary-like objects.
I think that’s my major gripe with existence; I’m envious of humanity circa 3016, or 4016 and the access they may have to such distant worlds. The fantasy of existing in those distant epochs is alluring to say the least.
1/20/2016 9:55 AM PDT

9 Replies ?Inequality is a result of poorly designed rules. Change the rules and you change the game. Here’s a couple of simple rules to help level out income inequality:

• Employee Income Inequality Tax
• Income Inequality Maximum Dividend

https://goo.gl/74bFhK

Essentially, corporations must pay a tax based on employee income equality. The greater the inequality, the greater the tax.

Additionally, corporation dividends are limited to the inverse of their employee’s income inequality. As inequality increases the maximum dividend allowable decreases.

Simple rules that will incentivize corporations to ensure that their pay scales are as level as possible.

For a company that pays everyone equally, there is no tax and no limit to the dividend.

For a company that exhibits the worst disparity, a 500 to 1 ratio, the tax would be 5% of gross income and a maximum of 0.0% dividend. Corporate boards will be sure to make sure they reduce such disparity as they will be penalized for their ugly inequality. Also, all of the numbers will be publicly published so that severely offending corporations are shamed or coerced into complying as the worst offenders set the basis for all of the calculations.

The bottom line is create rules that anyone can understand that will apply as incentives for corporations to do the right thing.
1/18/2016 2:21 PM PDT

?Proposed federal tax scale
Applied to gross income – no write offs – straight sliding scale tax.

Income__Tax%__Tax$___Net
$10K____10%___$1K____$9K
$100K___20%___$20K___$80K
$1M_____30%___$300K__$700K
$10M____40%___$4M____$6M
$100M___50%___$50M___$50M
$1B_____60%___$600M__$400M

Interstitial rates would be scaled accordingly. Examples:
($90,000 : 19% = $17,200)
($450k : 24.5% = $110,250)

After 1B gross income the tax % would be pinned to 60%
Seems reasonable to me.
https://db.tt/q8koefwX
1/12/2016 10:10 AM PDT

?Everybody is exhausted by the ultra-right and their 1700’s mentality about government suppression and conspiracy. Most anyone who’s banging the conspiracy drum thinks there’s a British invasion, one-if-by-land, two-if-by-sea, event about to happen. Jeeze, the President’s right, grow the hell up and get out of your backwoods mentality. ‘Merican’s will always have guns and there’s no way to deny us of that right. It just won’t happen.
Hey Snowden? The prez trying to steal our guns? No? OK then!
1/11/2016 4:28 PM PDT

?Islam, unfortunately, is a leptokurtotic distributed ideology. That is, the bell curve of Islam has fat tails. At the fringes of the distribution curve a leptokurtosis distribution has far more extreme events than a normal bell curve. Meaning that although there are a billion or more centrally positioned Muslims, there are also thousands more radicals, those who exist in the fat tail of the curve. Tens of thousands in fact. And a radical Muslim, again unfortunately as a reflection on the whole of that religion, is far worse than a radical Christian, Jew, Buddhist, Hindu, Atheist, etc.
11/17/2015 4:24 PM PDT

3 LikesNow, how many people die from car accidents?
How many people die from toxins, both poisonings and septicemia?
How many people die from drug overdoses?

Each one is incrementally greater than the first. And gun deaths is the lowest.

Want to save lives?
• Stop driving.
• Provide better health care to the poor.
• And do not treat drug addiction as a crime.
10/17/2015 3:10 PM PST

Thanks Ana, great job.
I’d like to have your opinion on China’s expansion in Africa. Will African nations become the food and materials baskets to China in the next decade or three?
9/23/2015 6:15 PM PST [Edited]

The markets and the government has put the FED on a pedestal. The FED thinks itself a god while we suffer being its plaything. And yet we continue to put up with its impulsive whimsy. Gold, silver and oil all jumped today with the rumor that the probably of the FED raising rates fell due to some metric released. What nonsense! The FED has TOO MUCH POWER (and Wall Street loves it).

What would happen if interest rates were set on a scheduled rise up to some reasonable level? What if you could expect that next year rates would be 1%, the following year 2%, and so on? Would you be inclined to start accelerate your borrowing in order to lock in lower rates? Yes. Would you buy that new car or home now to do the same? Yes. Would you take solace knowing that your meager savings were now earning interest? Yes. Would Wall Street quail a bit, equity returning back to balanced levels? Yes. Would investments pulled from the markets then enter capex, expansion and growth? Yes.

Set rate expectations and leave them alone! GO AWAY FED!
9/16/2015 1:39 PM PST

?The FED always surprises. Why? Because the FED is a capricious entity with too much power in its primitive yet gross control mechanisms. The FED sneezes and the markets grab a tissue. The FED smiles and the markets starting singing.
SET EXPECTATIONS and take the flippant fancy out of the FEDs findings. Establish a plan and return balance to all the financial instruments. A simple obvious plan: 25 basis points every quarter for 5 years. No surprises. No impulsive market shocking changes. Just a consistent continuous realization of a return to normal.
9/15/2015 11:34 AM PST