Mark Slater’s Weblog

Musings about work, life, and all things in between

bailout of the newspapers

Printing press from 1811, photographed in Muni...
Image via Wikipedia

what a joke.

this article this morning got me going

Look i am sympathetic to those employees who are facing displacement, and loss of lifetime guarantees (;)) but lets face facts. the economics of the distribution model for newspapers are broken. its simple – people are consuming their news online.

But now we have to suffer through comments from this crook Kerry:

Washington Times has the quote: “America’s newspapers are struggling to survive, and while there will be serious consequences in terms of the lives and financial security of the employees involved, including hundreds at the Globe, there will also be serious consequences for our democracy where diversity of opinion and strong debate are paramount.”

last i checked, our democracy is alive and thriving across the millions of blogs and more professional journalistic digital epicenters including the online home of all those papers that are threatened. To make the argument that the extinction of a paper will threaten the freedom of the press is absurd. What is being extinguished is HOW you deliver, not WHAT you deliver.

juxtapose this with our favorite pandering pay for hire politicians that will soapbox their way to some type of systemic risk argument associated with the demise of the paper, and you begin to get a much clearer picture of the problems with our democracy.

And we didn’t vote for you so that you could represent a vested interest in Washington. Market economics should be the only barometer that decides the fate of the globe. Just because your generation ‘surfs’ rarely doesn’t mean you have to impose your printing press on us. our press is called wordpress, and it atomizes and prints news and opinion that i get to consume from all over the world. our version of freedom of speech is digital and more powerful than yours to a significant exponent.

The new world order is about millions of opinions – accessible instantaneously – not just yours. I’ve said this before – you have a choice. Join the conversation, and adjust your business model with the times (IE furlow your printing presses – see car companies and dealers, or music labels if you want to know what is coming next) or die.

Next up on deck. (take your pick)

– Television

– consumer finance

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Filed under: social media, the economy

In favor of the bankers?

American International Group, Inc.
Image via Wikipedia

At risk of sounding like an echochamber for AVC – one of the commenters – Druce Vertes – took a great movie scene and applied it to the times we find ourselves in. Class.

If Jack Nicholson was an investment banker

You can’t handle the truth! Son, we live in a world that needs deals. And those deals have to be made by men with Bloombergs. Who’s gonna do it? You? You, Senator Dodd? I have a greater responsibility than you can possibly fathom. You weep for AIG bonuses and you curse the banks. You have that luxury. You have the luxury of not knowing what I know: that bonuses, while tragic, probably saved taxpayer dollars. And my existence, while grotesque and incomprehensible to you, saves the global economy…You don’t want the truth. Because deep down, in places you don’t talk about at parties, you want me on that trading desk. You need me on that trading desk.

We use words like business model, risk, profit…we use these words as the backbone to a life spent building something. You use ’em as a punchline. I have neither the time nor the inclination to explain myself to a man who rises and sleeps under the blanket of the economic growth I provide, then questions the manner in which I provide it! I’d rather you just said thank you and went on your way. Otherwise, I suggest you pick up a spreadsheet and build a model. Either way, I don’t give a damn what you think you’re entitled to!

Originally posted as a comment by Druce Vertes on A VC using Disqus.

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Filed under: the economy, Uncategorized

Jon stewart on jim Cramer

i am a fan of some of the folks at CNBC – and while they are clearly cannon fodder right now, nothing comes close to smackdown their least likeable or believable host Cramer got by Jon stewart last night.

watch it to the end – its a dousey

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Filed under: the economy, Uncategorized, , , ,

And we are worried about RFID?

times are tough. Some would argue the toughest in generations. i like to think i am respectful of all creeds but it shocks me to think that there are people that have to live like this

woman receives a beating for having 2 men in her house

times are tough? not when you compare it to this stuff.

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Filed under: the economy, ,

(w)Bankers Sue

And here it is. these scumbags have decided that they have a case and are going to sue for their bonuses.

Technically – they may have been notified that their bonuses were still in tact – so technically they may have a case.

Morally – they are the equivalent to the OJ case. they have presided over a ‘force majeure‘ a ‘material adverse change‘ – a devastation of the free market economy. Morally, they are derelict, a scab on the underbelly of society.

Its is absolutely disgusting that you all think that a document entitles you to take money from a society, who’s hard earned tax dollars are having to be used to mitigate the effects of you greed driven rampage.

i am reminded of an amusing book :

– i read a few months back. How prophetic he was.

have you no shame?

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Filed under: the economy

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