Lawrence Yang documents the obvious problem with Verizon’s $100 million integrated ad campaign for the Google/Droid phone. He was inspired by Nancy Friedman, who is a delight to read.
(Be sure also to read Nancy’s linked discussion of anthimeria, which is, loosely speaking, when someone verbs a noun.)
(Below: the actual $100 million ad campaign.)
The problem with wind energy is that it drives prices down! From Bloomberg news:
After years of getting government incentives to install windmills, operators in Europe may have become their own worst enemy, reducing the total price paid for electricity in Germany, Europe’s biggest power market, by as much as 5 billion euros some years, according to a study this week by Poeyry, a Helsinki-based industry consultant.
Jerome a Paris has an excellent discussion of the article over at The Oil Drum. He also links from there to an excellent (and entirely wonky) discussion of the proper pricing of wind power. It is a great article – one key takeaway is that wind power actually brings electricity prices down! Understanding that assertion requires a discussion of marginal costs, initial investments, demand curves, spot pricing, intermittency, externalities, and Spitzenlast (see above), but it’s totally worth it.
Another key point is that “market” pricing actually tilts the playing field toward fuel-based generation of electricity, because of its lower capital and debt-servicing requirements:
selecting market mechanisms to set electricity prices (rather than regulating them) is, again, not technology neutral: here as well, deregulated markets are structurally more favorable to fossil fuel-based generation sources than publicly regulated price environments.
So while I definitely wanted to highlight the issues around wind power (and point you to some excellent, informed commentary), I mostly just wanted an excuse to show that graph! SPITZENLAST!
President Obama is now out on tour daring the Republicans to try to repeal the new health care reform law. Here’s what he said yesterday:
“If they want to have that fight, we can have it. Because I don’t believe the American people are going to put the insurance industry back in the driver’s seat.”
Yeah, not after we worked so hard to shove the insurance industry aside, right? I mean, before the law passed, if you wanted to buy insurance, you paid whatever the Insurance industry demanded.
Whereas now, you will be obligated by law to give your money to a private insurance company, at whatever price they name, or else pay a tax penalty.
Yessirree Bob, we certainly wouldn’t want to let the insurance industry back in the driver’s seat! We showed them who’s boss!
…Now, to be fair: eliminating lifetime payout caps, limiting annual payout caps, and requiring the companies to accept customers regardless of pre-existing conditions are all good reforms. But there are currently no provisions for limiting the costs of insurance premiums! And, if you earn more than 400% of the Federal poverty limit, you receive NO FINANCIAL ASSISTANCE from the government (this year, the magic 400% number is about $43,000).
So, the government is mandating that you buy insurance, but they’re not setting limits on what the companies can charge for it.
I seem to remember one of the Presidential candidates opposing this idea… saying something about how it wouldn’t work, and it wasn’t fair… Now let me see, who was it again…?
Never mind, I can’t remember that far back!
Matt Taibbi breaks it down (once again). Make the time to read this and you’ll get a much better grasp on the insane shit that’s gone down over the past year of “recovery”. This “bailout” has been like having the guy who mugged you sending you his dry cleaning bills for getting your blood on his shirt AND THEN charging you interest for the bill ($1billion).
It seems to me that the calling this a “Recession” is a misnomer and misdirection. It kind of implies that this is some sort of natural dip to the economic flow. What we are really witnessing is the largest and most egregious transfer of wealth from the American tax-payers to a few large players on Wall St.
…the masters of the American economy (and, thus, the people whose largely unaccountable decisions determine the material fortunes of most people in our country) don’t give a flying fuck about you, me, or anyone else we know:
“American business is about maximizing shareholder value,” said Allen Sinai, chief global economist at the research firm Decision Economics. “You basically don’t want workers. You hire less, and you try to find capital equipment to replace them.”
(Source: New York Times, “The New Poor: Millions of Unemployed Face Years Without Jobs”)
What a shame that the structure of our economic and political life is simply a force of nature that is immune to modification. If only there were some way to structure a society so that the primary economic activities were directed toward something else in addition to “maximizing shareholder value.”
Or, wait…
No really, it IS. As long as you have a megaphone and plenty of hugs.
Christine Smallwood, writing at the Baffler blog, examines the question, “What Does the Internet Look Like?” It’s a long way from the question to the answer, and the journey is well worth it.
After noting that many visions of the Internet rely on images of connectedness, she explores the essentially solitary nature of the Internet search:
We are born alone, we die alone, and we use the Internet alone. You may gather round the screen with friends to watch a video clip (turning the Internet into a television), or hang out while you play music on Pandora (turning the Internet into a radio), or post to your blog, or “comment” on someone else’s blog (turning the Internet into a roundtable, or a bathroom wall, depending). But these are subsidiary Internet uses. The essence of the Internet, the thing it does that nothing else can do, its Internet-ness, is the search. Comedian Dave Chappelle captured this with the skit “If the Internet Were a Real Place,” in which he loitered in a seedy mall like a modern Odysseus, ransacking CD stores, ducking into curtained rooms to indulge various temptations, and running away from spammers. Wandering around the Internet, the thing we are always searching for is the door—the exit ramp off the superhighway, the way home. But it’s hard to find. How do you know when you’re done doing nothing?
Please, read the whole thing.
(h/t to Dr. Hoo for noting that Thomas Frank is one again producing The Baffler in print!)
With all the news chatter on the recent CES in vegas, here’s a look at some of the hottest technologies from 1983
…I just can’t resist. This is something I wrote right here on this here blog-o-thingy waaaaaaaay back in October of 2008:
the Democratic Party is happy to use the efforts of thousands of dedicated volunteers to elect their candidate; don’t expect the Democrats to return the favor, when those thousands of people are demanding mortgage relief, welfare payments, and health care. The Democrats have demonstrated, time and time again, that they are firmly on the side of the corporate masters, and against the people.
I’m hopeful that, with so many people getting experience in organizing their fellow citizens during the Obama campaign, we’ll find it easier to work together to bring about greater economic and social justice. The big difference will be that, instead of working with the support of the Democratic party, we’ll be “out in the cold,” working against the entire corporate-political juggernaut. If you think it’s hard to fight the Republicans with the Democrats on your side, wait until they’ve ganged up on you!
Indeed. Even though Obama campaigned on a promise of a “public option” for healthcare coverage, the new Democratic bill contains no provision for a public option, no early Medicare buy-in, no cost controls on doctors, hospitals, drug manufacturers, or insurance companies. Worst of all, Obama actually told the Washington Post this week, “I didn’t campaign on the public option.”
In other words: we were sold a bill of goods. Obama’s campaign website promised “any American will have the opportunity to enroll in [a] new public plan,” but now he denies ever having made such a promise. And the entire Democratic establishment is now turning on anyone who criticizes the bill; Glenn Greenwald takes note of what he calls the swarm of White House operatives, media professionals, and bloggers who deride
the bill’s progressive critics as insane [David Axelrod], crazy [Five-Thirty-Eight's Nate Silver], childish [Time's Joe Klein], idiotic and drugged-out, [CNBC "reporter" John Harwood] Naderite, purist [TPM's Josh Marshall] liars [Ezra Klein] who — we now learn today — are the equivalent of “global warming denialists.” [Nate Silver again]
It’s like 2003 all over again, except the mud being slung is blue instead of red.
Obama also promised to run the most transparent administration in American history. He said that all of his healthcare negotiations would be televised on C-SPAN. Instead, he met in secret with pharmaceutical company executives and promised them there would be no cost controls on prescription drugs and no plan to allow the reimportation of medicines from abroad. In fact, this new bill even extends the patent protection on prescription drugs to 12 years, with an additional 12 years offered any time a change is made to the drug.
While the so-called “left” sees betrayal and a complete evisceration of real healthcare reform, the health insurance industry (and their investors) see a major windfall. Here are their stock prices since October 27, 2009 (the date that Holy Joe Lieberman pledged to filibuster any bill that included a public option):
The Huffington Post’s Shahien Nasiripour has all the details, including this summary of the numbers:
I don’t post this to be cynical; I post this to remind myself and those few who might read this that national electoral politics are not the main avenue by which we can transform our lives and our world. No president, no matter how well-intentioned, can wrest control of the state from the hands of Wall Street and their symbionts in the Pentagon.
