In my weekly feature for Recessionwire, I discuss Federal Reserve Chairman Ben Bernanke’s projection for the end of the recession, which is in 2010 but gradual. I talk about how the prediction is overly reliant on consumer confidence in the US but agree with him in the end. While I thought the forecast was a little optimistic about consumer spending given the expectations for a jobless recovery, I agreed with him in general in the sense that it’s not really surprising that the recovery will be gradual. It took years to make the mess, so it’s not outlandish that it will take a little ...read more
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One of my career fantasies is to be a speechwriter, so I am posting my favorite excerpt from a speech. Full disclosure is that even though I write speeches, it’s something I would love to do more often. Looking back at the quote, it makes me think that I have always been into the idea of entrepreneurialism and reinvention. “It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; ...read more Print This Post
Last week, JPMorgan Chase led a rally on Wall Street after a surprising, better than expected announcement of $2.7 billion profit. As the workings of the financial industry shake out, the head of JPMorgan Chase, CEO Jamie Dimon, is towering over his peers with his bank as one of the few standing survivors and a board meeting including a special guest, the White House Chief of Staff, Rahm Emanuel. But his rise to the apex of the banking world wasn’t always clear or straightforward, and I’ll never forget the image from Sandy Weill’s biography, Tearing Down the Walls, when it ...read more Print This Post
This week ProPublica, an independent, non-profit newsroom that produces investigative journalism in the public interest, launched a widespread citizen journalism effort to leap frog the administration’s measurement of the stimulus’ progress and engage the public at large to help gauge its advances. It’s called “Stimulus Spot Check.” It’s not unusual for news organizations to ask for readers to send in pictures and information on news events, but in this case ProPublica actually outlines a reporting assignment with a list of public projects that should be evaluated and guidelines on how to obtain and verify information on them. I wanted to talk about this great ...read more Print This Post
As part of getting back into gear post-vacation, I am back to writing Recessionwire’s “Recesion Will End…” feature. This week I wrote about Dr. Roubini Doom’s recent cautious optimism that the recession will be over by early 2010. However, he makes so many caveats in his prediction that I question whether he’s hedging his bets on the recession’s real end and leaving himself a lot of wiggle room if he needs to explain why he’s right or wrong later on. In the meantime, he’s getting to enjoy his economist star power. Print This Post
Late yesterday, I wrote about how I was getting into giveaways since I was starting to pay more attention to them as effective tools for helping companies achieve goals and also as opportunities for me to win free goodies. The Wall Street Journal also started noticing them and published an article in today’s issue, “Contests and Giveaways Move To New, Fast Terrain of Twitter.” It offers a great overview of how giveaways work and some of the traction that new businesses and Web sites can generate through dynamic giveaways over Twitter. Surfing the Web is such a seamless experience that I don’t remember how I found ...read more Print This Post
I signed up for my first giveaway last week to win a BlackBerry Storm at gdgt! I’m not really into giveaways, but I’ve started to pay more attention to them now that I’m seeing how they help businesses, Web sites and people reach their objectives. Gdgt is “a new kind of technology site — a social gadget platform that enables you to connect with the community through your gadgets, and connect with your gadgets through the community,” according to the site. Gdgt needs to build a community, and offering the giveaway in exchange for registering is going to help it build followers, initially at least. The concept of giving something ...read more Print This Post
Since I tend to consume most news online or on TV, it’s a little cathartic during the rare times that I get to read hard copies of print publications. This often happens when airlines give away complimentary copies, and I actually sit down and page through articles quickly while on the plane. On the way back to NYC, I flipped through the Financial Times. I got to read a piece on one of my latest favorite bloggers, Fred Wilson, a VC and principal of Union Square Ventures. In his blog, Musings from a VC in New York, Wilson shares his insights related ...read more Print This Post
After my last entry, I now realize that it was ambitious for me to think that I would find the time and energy to write while on vacation! Over the last week, I thought about some possible entries and media tidbits to share, but it was tough to sit down and put “pen to paper.” The sweltering heat in Madrid squashed any motivation to be overly productive (although I managed to read a lot!). When it wasn’t hot, I was spending time with friends meandering around the neighborhoods or catching up at outdoor terraces. In London, I was on the go checking out the city almost ...read more Print This Post
A few weeks ago, I heard Geoff Colvin talk about his book, Talent is Overrated: What Really Separates World-Class Performers from Everybody Else |
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