Showing posts with label Economy. Show all posts
Showing posts with label Economy. Show all posts

June 19, 2015

It's Not Working

So it's human nature to want to leave the world a better place than before we got here.

But you wouldn't know it by how things are looking the last number of years.


Here's just the latest from reports this week:


1) The Global Peace Index: "World is less peaceful today than in 2008...Last year alone it is estimated that 20,000 people were killed in terrorist attacks up from an average of 2,000 a year only 10 years ago."


2) A Record Year In Misery: "The world has never seen a refuge crisis this bad...last year saw the total number of forcibly displaced persons rise to 59.5 million, an all time high." This is due to world conflict, general violence, human rights violations, and persecution."


3) Climate Apocalypse: "A child born today may live to see humanity's end...[as a result of] overcrowding, denuded resources, and climate change...dangerous climate change is already here. The question is can we avoid catastrophic climate change."


4) Americans Have Lost Confidence In Everything: "It not just Congress [and the President] and the economy that have Americans concerned these days...All in all, it's a picture of a nation discouraged about its present and worried about its future, and highly doubtful that its institutions can pull America out of its trough.


Maybe the worst thing is that many people are deluding themselves that everything is hunky dory. 


But isn't it time for some real wins again? 


To do that we need genuine good old fashioned elbow grease--that means we start with a strategy that actually tackles the issues rather than kicking the can down the road. We need honesty, not political upmanships and swell soundbite cliches. 


What good is appeasement to the masses now, if it means their utter despair or demise later--for example, why should we be Greece on the brink of national bankruptcy, if instead we can be Norway with the largest sovereign wealth fund in the world? 


Then comes the hard work, fortitude, and commitment to turn the tide on the bad news and losses. This mean personal and national sacrifice now in order to have better times for our children and grandchildren. 


G-d is watching us, our children are questioning us, the needy are looking to us. 


We are working hard, but it's hardly working! 


Maybe we need to make this real simple: "Little Johnny, now take your medicine, and stop fighting Mommy, p-lease!"  ;-)

(Source Photo: Andy Blumenthal)

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May 14, 2015

Blame The SLOW Trains

So another tragic major train derailment in Philadelphia this week. 

Already 8 people killed and over 200 injured. 

All over the news, we see that the train was speeding by going just over 100 mph.

Yes, it was a curve, and maybe we need to build some straighter more stable lines (I believe that is partly what eminent domain used properly is for) and with the latest safety features. 

But does anyone ask how can other countries safely implement their trains at far faster speeds--that makes 106 mph look virtually like a mere snails pace in comparison.

Just last month, the Wall Street Journal ran an article about the U.S. potentially upgrading to bullet trains that rountinely and safely go at far higher speeds:

Japan: 375 mph!

France: 199 mph.

China: 186 mph.

U.S.: 149 mph (even the Acela train has the potential to do at least this much, but for the most part they don't due to shared lines with commuter and freight trains and an aging infrastructure--uh, so where did all that money from the American Recovery and Reinvestment Act go exactly?)

In what now seems retrospectively almost mocking, Japan Railways, International Division Chief stated: "We have a track record of transporting a huge volume of passenger traffic with very few delays or accidents...Because the trains operate so accurately, travel can be made very efficiently [and safetly]." 

Do you think we the U.S. can catch up with our 21st century peers here?

(Source Photo: here with attribution to Toshy Island Paddy)
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May 6, 2015

A Political Teddy Bear

Thought this was an awesome photograph.

Taken on the Washington, D.C. Mall...

You can see the Capitol of the United States in the background.

The gate is surrounding the construction being done.

On the fence is a Teddy Bear--representing so many of our national challenges--sort of just hanging there helpless.

This political bear looks like he's clutching for dear life, but unfortunately he is left hung out to dry as we just keep chugging away...but where is the real progress? 

- ISIS and radical Islam is still growing stronger.

- Iran continues building toward a nuclear WMD.

- China and Russia are "becoming [ever more] aggressive as they perceive U.S. pulling back."

- North Korea achieves capability for a "nuclear ICMB."

- Cyber insecurity is a "real and growing threat."

- There is a growing danger of a catastrophic EMP attack with a "staggering human cost."

- Immigration crisis remains in "limbo."

- Economic growth is "grinding to a halt."

- National deficit is "projected to skyrocket over next decade." 

- American economic competitiveness is in ongoing "slow decay."

- U.S. education "still lagging" significantly in science and mathematics. 

- Life expectancy in U.S. ranks 26th, "right behind Slovenia."

This doesn't mean that good things aren't continuing to happen especially with innovation despite all the gridlock...there is the Apple Watch (ok, the jury is still out on that one too).

Why don't we let the bear down gently please. ;-)

(Source Photo: Minna Blumenthal)
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March 22, 2015

10 Reasons In Just 1 Week To Fear Government Breakdown

When I saw this in the store, I knew it was a true sign of the times, as they say. 

When the government that is supposed to sustain order and usher in social and economic progress is dysfunctional and broken, instead we have:


"Chaos, Panic, [and] Disorder"


Here's some news highlights from just this last week:


SPREADING BASE OF WORLDWIDE TERRORISM


1) ISIS murdered 137 and wounded over 300 in suicide bombings at mosques in Yemen.


2) Al Qaeda / Islamic State killed 23 mostly European tourists and injured over 50 at attack on the National Bardo Museum in Tunisia.


3) Iraq's battle to take back Tikrit from ISIS slows as ISIS continues to hold territory in Iraq and Syria larger than many countries--this after the last U.S. troops left Iraq in 2011. 


AGGRESSIVE POWER AND LAND GRABS:


4) Russia annexes South Ossetia from Georgia, just a year after annexing Crimea from Ukraine.


5) China starts up the Asian Infrastructure Investment Bank (AIIB) with support from key European Countries as well as Australia and South Korea, challenging American dominance via the International Monetary Fund (IMF)--this shortly after China surpasses America as the world largest economy.


PROLIFERATION OF WMD:


6) Iran says "Nuclear deal within reach," while their neighbors in the Middle East shutter and warn of impending nuclear arms race.


FORESAKING STALWART ALLIES AND MIDDLE EAST PEACE:


7) The Administration threatens to back United Nations against Israel, imposing a 2 state solution rather than a negotiated peace and security for the region. 


ECONOMIC MESS:


8) U.S. economic forecast by the Fed was downgraded to just 2.5%, despite years of near-zero interest rates that were supposed to spark growth, but instead has simply driven stocks into overdrive and set us up for another bursting of the financial bubble


HEALTHCARE SHAMBLES:


9) Upcoming Supreme Court decision on Obamacare could see 8 million people lose subsidies and ultimately their health insurance coverage.


ENVORNMENTAL CRISIS:


10) 2014 as the hottest year on record and 13 of the 14 hottest years are in the 21st century so far, this as even Chinese officials acknowledge looming fallout ahead in terms of climate change and disasters


If this is just one (more) week with the current breakdown of government,  those causing it all, as the sign states, can proclaim:


"My Work Here Is [Almost] Done."
 ;-)

(Source Photo: Andy Blumenthal)

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January 23, 2015

Poli-trick-ians, No Way!

So periodically, I like to take a quick pulse of America.

So I find a way to ask someone(s) what they are seeing and experiencing, and what they think about what's going on in Washington, D.C.

So this time, I asked someone about whether they watched the State Of The Union this week. 

The answer?

No way!

Why not?

They said (as if they heard this little mnemonic from others before), "because, they are all 'POLI-TRICK-IANS!'"

I said, well that's cute, but what do you mean?

This is what they said (paraphrasing):

- They don't speak the truth.

- They just say what they think people want to hear. 

- It's all just fighting between the (political) parties. 


- It's not really about the people. 


- It's not about making a difference, anymore [just about being in and keeping power].


Wow, this was pretty powerful. 

I could sense the anger and frustration. 

Also, the disillusionment. 

Checking in on the ratings, this seemed to jive with CNN (and other news media) saying, "State of the Union was President's Lowest-Rated Yet."

According to Nielsen only 31.7 million people tuned in...that's out of a current U.S. population of 324 million!

On the positive side, the number of tweets was way up to 2.6 million during the hour-long address--how sweet those tweets.

Seriously though, we are here to serve the people...how do we get back their respect?

I suspect that the answer revolves around the following:

- We need to turn from fighting each other to fighting our real enemies like the threat from Islamist Terrorism and Weapons of Mass Destruction. 

- We need to break the gridlock and get something done (lot's of things done)!

- We need to stop the political cliches and talk from the heart to the heart. 

- We need to stop thinking about ourselves and focus on the people--all the people (not the middle-class versus the rich, not main street from wall street, not the color or race that you are or aren't)!

- We need to tackle the many big problems we are facing--the national debt, national defense (including cybersecurity), environmental sustainability, raising the level of housing, food, medical care, and education for all, and of course, everything technology and innovation!

We need to go from a perception of poli-trick-ians to genuine representatives and leaders of the people for the people. ;-)

(Source Photo: Andy Blumenthal)
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January 14, 2015

Lobbying Will Get You...Where?

In Washington, D.C., lobbying is a way of life. 

Just walking from the State Department to the Metro means you'll get accosted by somebody wanting action on some issue. 

I took this photo in action today of this guy obviously not in favor of the Keystone XL pipeline. 

He equates it with "Climate Chaos!"

He is holding a sign up to me and trying to hand me some literature.

Whether or not piping tar sands oil from Canada to the Gulf Coast is net good for the economy and national security or bad for the environment and global warming, is of course a matter of debate. 

But like all issues, there are two sides to everything--so prove your case!

Maybe the point to free speech is that everyone can not only have an opinion, but also express it and advocate for it. 

There can be open and amble discussion, vigorous debate, compromises, and ultimately a vote and decision--that hopefully gets us to the best course of action. 

Unlike countries run by dictators or religious fanatics who attempt to quell all opposition--where bloggers are flogged and jailed and authors and satirists are threatened and murdered--we try to make our best case and not condemn those who simply think different than us. 

In expressing ourselves here, someone may occasionally joke and say, "now don't chop my head off for saying this," but in other countries they really mean it! 

Tyrannical dictatorships and Jihadists terrorizing and imposing their will on the masses just won't cut it anymore. ;-)

(Source Photo: Andy Blumenthal)
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December 20, 2014

2014 The Bad News Goes On

What a 2014 it's been as the world continues it's descent into madness.  

If Ebola, the War with Hamas in Gaza, the shoot down of Malaysian Airlines Flight MH17 killing 298 including 80 children and 15 crew, the intransigence of Iran on Nuclear Weapons, employment still near a 30-year low, the National Debt hitting over $18 trillion (and growing $2.43 billion a day!) and the suicide of comedian, Robin Williams wasn't enough...

- Criminal Records: 1 in 3 adult Americans (i.e. 80 million people) now have a criminal record...hmm, if the average family has around 2.5 people then just about 1 person per household has a criminal record. Are you starting to look around you now?


- Economy: Uber, yes, it's a online "ride-sharing" (i.e. taxi) service, but after it's recent IPO, Uber is worth over $41 billion dollars (more than Delta, Charles Schwab, Salesforce.com, and Kraft Foods). Someone's getting taken for a ride. Is this even surprising considering the S&P is priced over 27 times average 10-year earnings (while the historical average is only 16), the result of pumping the economy with short term easy money policies.  


- Cyber Attacks: After a blithering cyber attack by North Korea, Sony withdraws the release of the movie, The Interview, surrendering to cyber terror, and putting us all at greater risk in the future because cyber crime does pay!


- Islamic Terrorism: While ISIS advances in Syria and Iraq, 132 school children (mostly ages 6-18) plus 9 adults massacred by the Taliban this week in Peshawar, many shot in the head and others lit on fire with gasoline and burnt to death so they are unrecognizable. This only 9 months after the April kidnapping by Boko Haram of more than 280 schoolgirls in Nigeria, which was repeated this week with the kidnapping of another 185 woman and children.


- Russian Militarism: The Great Bear is back with a vengeance as Putin continues driving Russian nationalism and buildup of advanced weapons, including WMD (e.g. nukes), aircraft, submarines, and ICBMs to counter alleged "Western Aggression." And despite, the rubbles' massive decline, Putin promises an economic comeback within 2 years--he'll wait out the West and hold Crimea hostage and spoil it for everything it's worth


So where are we going next--more hell on Earth or at some point a turnaround towards heaven again?   


(Source Photo: Andy Blumenthal)

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October 28, 2014

No Way To Fight The Good Fight

Unfortuantely, like many things we do...we do it only halfway. 

While there is certainly a place for vetting issues, moderation, and compromise, often we are overly worried about the ramifications of going too far and thus don't go far enough to accomplish strategic goals.

Similarly, in a pendulum swinging out of control way, we may fluctuate and treat friends as enemies and pretend our enemies are our friends.

Whether in fighting terrorism and nation state enemies, ebola and other horrific diseases, and even righting the national economy...we don't lead, we hesitate or as many commentators have said, we lead from behind. 

ISIS, Boko Haram, Al-Qaeda, Hamas, Hezbolah and more...all alive and still terrorizing.  

Russia, North Korea, Iran...not contained, and threats are growing, while questionable deals involving no less than WMD in some and territorial sovereignty in others loom on the horizon. 

Cancer, parkinson disease, and a dreaded endless list...killing our loved ones and research funding goes to political juggernauts. 

Our national deficit grows, social entitlements are skyrocketing and unpaid for, and we can't seem to manage our way out of a pending breadline. 

There is something to be said for making a real decision based on morality and inner strength, going all in, and achieving the seeming impossible...decades ago, we did it when we put a man on the moon and defeated the Japanese in WWII. 

Now we seem to fight with one arm tied behind our backs (sometimes two) and our eyes covered with hands stained in the blood of social favoritism, stealth corruption, and defeatist attitudes, and at the end of the day, with very little to show for it. 

(Source Photo: Andy Blumenthal)
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October 27, 2014

Be Relevant, Live!

"Hello Irrelevant. My name is Andy."

The photo above was taken today near a prominent university in Washington, D.C. 

When our youngsters in the Capital of the United States--the holders of future creativity and energy are feeling irrelevant--we as a country are in serious trouble. 

Yet, don't we all feel irrelevant at times?

We see and hear so much that is somehow wrong in the world and feel powerless to stop it, change it, or do anything about it that really makes a difference. 

Everyday we are witness to people's personal misdeeds that should never be done, let alone contempalted; large, medium, and even smaller organizations doing the wrong thing for profit or power; and governments making decisions for political reasons and not common sense reasons or for the good of the people. 

And how do we feel in all this -- relevant or irrelevant? 

Can we as people endowed with G-d's lifeforce and heavenly spirit, formulate a position that touches people's hearts and minds to do the right thing for the right reasons--and can we speak it articulately enough, loud enough, convincingly enough to make a genuine difference?

Just as a single example in today's Wall Street Journal, an editorial about Yucca Mountain, the place designated for nuclear waste disposal--that is supposed to meet safety requirements for the next "million years" (I think most of us would be happy if we achieve even half that estimate)--and has already cost us 30 years of study and $15 billion, but yet continues to remain stuck in a politcial quagmire--why?

I beleive we can all think of numerous health, safey, and wellbeing issues affecting us, our families, communities, and this country that are are in a similar state of paralysis and dysfunction. 

Why can't we move forward--is there no one relevant out there anymore?

We can't afford to let ourselves sink into feelings of despair, inadequancy, or irrelevancy to the great tasks at hand--whether from things like Ebola, ISIS, or financial meltdown. 

We must find our inner voices, our moral rectitude, and our courage to speak truth to power, to stand firm for right against wrong.

It's understable to feel irrelevant, but it's not sustainable to show it. ;-) 

(Source Photo: Andy Blumenthal)
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October 9, 2014

The Light Of Heaven

What a gorgeous sky is South Florida.

The wondrous sun shining through the beautiful clouds floating overhead.

May the light be a healing light and may the power of the L-rd above reign over us in mercy.

From ebola and other illnesses to a sick economy, gruesome terrorism, and general inaction all around, we need G-d more than ever to show us the way.

(Source Photo: Andy Blumenthal)
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September 27, 2014

Mars On A Dime

So no one can seem to believe that India made it into orbit around Mars for just $74M.  

According to the Wall Street Journal that compares with $671M that it cost NASA (which arrived just 3 days earlier than India's) and the European Space Agency's mission that cost $386M in 2003,

But aside from the Indian's being able to achieve a Mars mission at a tenth the cost of what we did, BBC reported that they also did it $26M cheaper than even the cost of the science fiction movie Gravity with Sandra Bullock about the International Space Station. 

While we clearly go the extra mile and are able to do great things--why does it always cost us so much to get there?

Perhaps, you can say that we are somehow more diligent or careful in our work (i.e. putting a premium on safety) or that it's just the higher cost of labor in this country or that we are early innovators and incur the costs of research and development that others than leverage. 

However, even though we are considered a very wealthy nation, it is fair to ask whether we are managing our wealth with discretion and an eye to the future or do we just take it for granted and are wasteful with it?

With a $3.9 trillion federal government budget (note, this is a full 21% of the entire U.S. economy/GDP), we are talking about some serious money, and we should be getting the most for it.

Unfortunately, the gravy train extends from certain "Beltway Bandit" contractors--e.g. remember the $640 toilet seats, $7,600 coffee makers, and $436 hammers uncovered by the Project on Government Oversight--and apparently all the way to mission Mars. ;-)

(Source Photo: Andy Blumenthal)
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August 19, 2014

Panic, Technology To Rescue

Who us panic?

- ISIS is threatening the West with "dangerous new extremism"

- Syria's death toll tops 170,000 with more than 10,000 believed tortured to death. 
- Boko Haram is still abducting young girls (and boys).
- Iran says no deal on nukes
- Ebola is "out of control."
- China is emergent as the U.S. pivots east and space becomes militarized with anti-satellite weapons. 
- Russia is resurgent (Crimea is history to Ukraine).
- The national deficit only hints at the true extent of our unfunded liabilities from entitelements.
- The economy is bubbling over the top again, warns Robert Shiller.
- Racial and income inequality continues to divide America (case in point, Ferguson MO).
- Nearly 1 in 3 American adults has an arrest record.
- Almost half the world--3 billion people--live in poverty on less then $2.50 a day. 

Ah, if only technology could solve all our global problems--and this is a big list and not by any means comprehensive.


It's a race of the "world is exploding all over" with technology trying to make it better with more and better information, innovation, productivity, security, and cures.


Almost like the war of good over evil--we may lose the battle, but hopefully (let's pray) in the end, we will win the war. ;-)


(Source Photo: Andy Blumenthal)

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July 3, 2014

Big Bike, Little Bell

This photo that I took stuck in my mind for Independence Day tomorrow. 

We are a great nation of 50 states founded in freedom, ruled by democracy, and driven by human rights for everyone. 


Yet in many ways, we have been squandering our national strengths:


- Spending it forward (living as a nation in debt) and creating yet another bubble economy driven by low interest rates (hence another Dow record today of over 17000) with still the lowest workforce participation in over 36 years and 92 million Americans not working!


- Stretching our military muscle in over 10 years of hapless wars in Iraq and Afghanistan, and now we are war weary and in proverbial retreat across the Middle East, in Crimea and eastern Ukraine, and with Iran and North Korea).


- Partisan politics freezing our government with the Executive Branch saying they will go it alone on everything from immigration reform to fixing highways and Congress threatening to sue for various claims of abuse of power.


Like this Photo, this country is in danger of becoming a big bicycle with a lot of potential to move things forward, but with a very small bell barely audible with anything of significance to our citizens at home, let alone everyone else in the world. 


We have the ability to continue our path of greatness in building our country's economy, military, and social systems, as well as steering the world toward peace, prosperity, and freedom. However, to do this, we must be able to ring the bell of Independence loudly, with leadership, confidence, and a determination for genuine progress for a union greater than ever before. 


(Source Photo: Andy Blumenthal)

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July 2, 2014

Money, It's Something

Just an observation today about there being so much poverty in the Nation's capital and around the country. 

Homeless, hungry, and sick people on the streets in one of the richest countries in the world. 


Yet, we have trillions going overseas to fight wars with seemingly little to no tangible benefits.


And so much ostensible waste with pork barrel politics, inefficiencies, and failed projects. 


A relative joked with me the other day saying, "It doesn't matter if you're rich or poor as long as you have money!"


Here we borrow money ($17.6 trillion ) and print money and the Federal Reserve buys debt ($4.1 trillion ) to keep interest rates low and the economy churning.  


People from real estate mogul, Donald Trump to Economist, Robert Wiedemer, who predicted the last recession, are warning of dire economic consequences because of these short-sighted policies. 


So do we have real money to continue to burn or is it smoke and mirrors and as Wiedemer says, "the medicine will become the poison"--what do you think?


(Source Photo: Andy Blumenthal)

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April 11, 2014

We're Not Deadbeats

Good book review in the Wall Street Journal on America's Fiscal Constitution by Bill White.

The main idea is that we have gone from a nation where fiscal discipline and paying off ones debts was a valued tradition to one now where excess rules and profligate borrowing runs through our veins. 

Both personal and national debt were viewed as a means of last resort and not something to be proud of, but rather as something done out of necessity to get through tough times. 

On a personal level, we only borrowed what we needed and we payed it back on time or even early.  Poverty was just one step away or even akin to servitude.  

Similarly, on a national level, public debt was viewed as a safety net to preserve the union (i.e. war), territorial integrity (e.g. Louisiana Purchase), or in a severe recession (i.e. to maintain the government's ability to spend in the short term). 

The best option was seen as "pay as you go," with the alternative, under limited circumstances, to "pay as soon as you can."

However, the value placed on self and national discipline and sufficiency was replaced with elements of entitlement, greed, and waste. 

The problem is once you have inequity in the system, then people feel the unfairness of it all, and give up caring about the system itself and just want to get what they see as their fair share. 

Some politicians cater to these feelings of relative deprivation and are no longer viewed positively for fiscal constraint and ensuring our economic security, but rather "politicians gain favor by spending money without having to raise unpopular taxes."

In essence, the government can give people more now, and they don't have to pay for it until future generations--hence the ability to buy citizen's political consent and even win elections by increasing the treasure chest even temporarily. 

No, this is not China raising the fortunes of the middle class to keep the Communist Party in power, but rather this is us in the U.S. of A racking up tens of trillions of dollars in debt to keep people happy now (forget the future generations, let them fend for themselves). 

Shake hands, kiss babies, and hand out dollar bills--give me, give me give me! 

What has happened to us fighting hard and driving into the future on our own feet--together in strength and not as a debtor nation getting handouts from anyone that will lend us. 

Soon, the Fed will be raising interest rates, and with a greater and greater national deficit to pay on, interest payments have the real potential to spiral out of control and leave our economy in shambles. 

Like a credit card with interest payments that eclipse the principle borrowed, soon you are in over your head and there is nowhere to go but Chapter 11. 

We're not an inherently debtor nation, and we sure don't want to be a deadbeat nation--isn't it better to have what we really have financially and be who we really are and value?   

Let's leave our children and grandchildren economic and national security and not a towering pile of shameless debt, from mom and dad with love.

(Source Photo: Andy Blumenthal)
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March 15, 2014

U.S. To Give Up U.S.?

This is just ridiculous already...I mean why do we even bother to try, if as a nation we are just resigned to give up.

1. Russia takes Crimea and the U.S. has "no options," instead of considering a variety of meaningful options--will Putin stop with Crimea, Georgia, Chechnya if there is virtually nothing standing in his way?

2. Syrian civil war goes on for almost 3 years and takes 150,000 lives and the U.S. has "few options," while Russia, Iran, Hezbollah, Saudi Arabia seem to have and be exploiting lots of options.

3. "U.S. to give up Web oversight" since other governments have complained over our "unique influence"--well darn it, we invented the Internet, why shouldn't we capitalize on it?

4. Serious "deficit reduction is dead" even though the national deficit continues to grow and threaten the national security of this country, but there are few acknowledged options for politicians that want to get re/elected, except to continue the runaway gravy train.

5. Space exploration to other planets--NASA shelves it--"Space, the final frontier...to boldly go where no man has gone before," but we're not really going!

6. Defense cuts threaten U.S. military as the "U.S. faces a more volatile, more unpredictable world," and even as China ramps up its military budget by 12.2%.

7. Despite the potentially catastrophic impact that a serious cyber attack would have on the U.S. national security and economy, "the U.S. military is not prepared for cyber warfare"-why are we waiting for the proverbial lights to go out?

8. Outsourcing jobs outside the U.S. has already become cliche--with top U.S. Corporations sending more than 2.4 million American jobs overseas between 2002-2011--as our own labor force participation is now at a 30-year low!

I don't understand what has happened to our national resolve to succeed, to lead, to be a good example in the world.

Why are we in global retreat--instead of steadfastly protecting and growing our national strategic interests in every domain?

We are innovators, entrepreneurs, skilled in every worldly affair, and lovers of freedom and human rights for all, yet we have become gun shy, afraid, and reticent to be ourselves and do what we do best--which is to do what's right, what needs to be done, and to be global leaders in progress toward the future.

If we can't do this, if we have just given up, if we have become ostriches with our heads in the sand--then we haven't just given up on this or that or the other thing--but we have given up on being the U.S. of A.

(Source Photo: Andy Blumenthal)
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January 23, 2014

From Memorization To Thinking

Our education system continues to suffer as we rank somewhere between 17th and 20th globally. 

This means that our economy will assuredly suffer in the future from the global competition that strangles us.

Some prominent experts in the field, like Walter Isaacson, say that innovation occurs at the intersection of arts and humanities meeting science and math--and I really like that. 

Personally, this inspires me to think about whether education reform is perhaps focused too much on the teachers, tests, and core curriculum, and less on changing the way we are approaching education in the first place. 

For as long as I can remember (i.e. even when I was in school way back when), we based our education on lots of memorization--multiplication tables, periodic tables, vocabulary, history, and much more. 

For those with great short term memory, you could do very well to memorize, spit it out, and forget it, so you can start all over again with the next great wave of facts and figures. 

The emphasis on memorization of basics, is important in getting a foundation of knowledge, but seems to me to come at the expense of critical thinking and problem solving skills. 

From my own experience and watching my kids in school, I often see boredom at raw facts, and excitement and self-satisfaction at figuring something out. 

Yet, too often students are asked to do rote memorization and test accordingly, rather than really think. 

You can't memorize innovation, but rather you need to be able to apply learning. 

In this day and age, where facts are but a Google search away, memorization is less important and real analytical, reasoning, problem solving, and communication skills (all anchored in solid core values) are more relevant to our national and personal success. 

Yet, have our school caught up with this?

Unfortunately, it seems most have not, and perhaps that is one reason that many of our preeminent innovators are dropouts--from Steve Jobs to Bill Gates, Mark Zuckerberg, Larry Ellison, Michael Dell, Henry Ford, Walt Disney, Richard Branson, Ted Turner, etc. 

Will we ever get away completely from memorizing the basics? Certainly not. Do we need to spend so much of K-12 education and even college years playing instant recall? What a waste!

The best experience that I remember from my younger daughter in school was her activities in the Ethics Bowl, where schools competed in analyzing ethically challenging situations and arguing the merits of the various sides. They learned to think and articulate their reasoning and conclusions and that is the best education that I can imagine. 

Until we stop using education techniques from the dinosaur age--memorizing species and trying to recall where the eggs are buried, I fear we are doomed to subpar educational performance--in a boring, memorizing, and non-thinking way. 

No wonder the kids want to develop the next great iPhone app and use their textbooks as a handy-dandy booster seat. ;-)

(Source Photo: here with attribution to Lansing Public Library)

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January 21, 2014

Care To Be Curious?

Here's three topics for the curious of mind today:

- Are we technologically safer?  As we attempt to beef up IT security, we continue to be technologically insecure. Just this last week, BBC reported how a fridge was part of 100,000 devices used to send out 750,000 pieces of spam. Yes, a fridge, and there was also a television involved--sounds like the beginning of a bad joke, right? But this is our reality these days...Proofpoint, a cloud computing and security company said "Many of these devices are poorly protected at best, and consumers have virtually no way to detect or fix infections when they do occur."

- Is our economy healing or hurting? As unemployment fell from 7% to 6.7% last week--an impressive reduction--the overall labor force participation rate didn't rise, but rather sank to 62.8%--its lowest level in 35 years! And while, the Wall Street Journal explains that U.S. employment is simply not keeping up with population growth, the S&P 500 hit a new record high just last Wednesday. Meanwhile, the Fed continues to pour money into the economy, although at a slowing rate (expected to go down next week to only $65B a month), speculation is building whether we have another real bubble brewing, and this one of our own making, perhaps. 

- Is this the lead up to peace or war with Iran? As we continue to seek a long-term deal with Iran on their dangerous nuclear weapons foray, we read from Bret Stephens that Iranian President Rouhani said during his presidential campaign, "Saying 'Death to America" is easy...We need to express 'Death to America' with action." If we are getting a good deal that can truly lead to WMD disarmament of Iran, why did Rouhani tweet, "In #Geneva agreement world powers surrendered to Iranian nation's will." Curious, whether this is for political consumption in Iran or whether he sees the deal as just a stalling tactic leading to a breakout capability in nuclear weapons as well as a way to get some goodies in terms of sanctions relief for his country in the meantime.

What does little kitty cat say about these? ;-)

(Source Photo: Andy Blumenthal)
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October 2, 2013

Government Shutdown - Starbucks

So today is Day #2 of the Federal Government Shutdown. 

This is a picture from the local Starbucks that is typically billowing at lunch time--as you can see it's basically a morgue. 

Unfortunately, hard-working Federal employees, contractors, and local business are feeling the impact!

Even from those that are still working, there is word of "survivor's guilt"--like with a plane crash or other calamity, when those who survive the catastrophe question why they were so fortunate when the others weren't so lucky and perished. 

With both the budget shutdown and the impending debt ceiling showdown--we are facing the perfect storm, with real negotiation and compromise yet to emerge.

With this all, our significant national problems aren't going away--to the contrary, Iran and North Korea are still global nuclear threats, Syria still has chemical weapons, the economy remains on shaky ground (in the paper today, the once high-flying pharmaceutical company Merck is planning to lay off 20%!), the national debt continues to spiral out of control (albeit at a "slower pace"), cybersecurity remains a major national security risk (although Cyber Command continues to stand up its new headquarters and firepower), and so much more. 

Bubble stocks rose again yesterday after an almost 20% one-year return. Not only that, but the safety of gold took a beating again after an almost 40% one-year decline (full disclosure, I am a recent investor in the latter). One has to wonder how long it will take for sanity to prevail once again. 

(Source Photo: Andy Blumenthal)  
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September 27, 2013

Is This The Way It's Supposed To Work?

As talk and warnings escalate about a potential government shutdown next week (not that long since the last time this happened a couple of years ago), one cannot help wonder is this the way government is supposed to work?

The partisanship and fighting has gotten so that either nothing significant gets done or get's done by just one party leaving the other fuming.

The fight over healthcare reform pushed through for better or for worse has come back to haunt the Hill. Aside from a lot of talk about exchanges, I haven't found many people that even really understand the changes or whether it actually benefits them or not. 

The continuing Fed stimulus that many anticipated was going to start tapering off, but hasn't, has left many concerned whether there is another huge economic bubble building and what will happen to stocks, housing, and jobs when the Fed finally does pull back. 

The Sequestration which was never supposed to actually take effect, but was to replaced with more surgical budget cuts, continues to leave the nation vulnerable in terms of potential budget shortfalls for areas of national priority (e.g. defense and so on) and still leaves a mounting national debt (albeit growing at a slower pace). 

The seesaw between the threat of military intervention and the potential for diplomatic solutions with Syria and Iran on no less than weapons of mass destruction have us asking whether these countries are serious, stalling, and really willing to give them all up or just buy time in their efforts to get over the finish line of proliferation, hiding, and burying the stockpiles.

Somehow we seem to be fighting each other more than we are tackling the issues. 

Are we really talking with each other, listening with intent to understand, and seeing what is at stake?

We are playing brinkmanship on critical issues of national security that may leave us holding the toilet paper and plunger as we swirl around the bowl ready for the royal flush. ;-)

(Source Photo: Andy Blumenthal)
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