Stilgherrian » economics

Links for 16 November 2008

del.icio.us — Sat, 15 Nov 2008 23:51:06 +0000

Here are the web links I’ve found for 16 November 2008, posted automatically and not.

Filtering Pilot and ACMA Blacklist - Not just “illegal” material | Electronic Frontiers Australia (EFA): EFA’s analysis of the Australian goverment&’s policy makes it clear that it’s not just illegal material being targetted for Internet “filtering”.
From cutlass to AK-47 | BBC News: A brief history of piracy through to the present day — the real kind of piracy, not “copyright infringement”.
From Pickin’ Cotton to Pickin’ Presidents | Strange Maps: There’s been plenty of discussion about how race (i.e. the fact that Barack Obama isn’t white) affected the US election. Here’s a comparison of the map of cotton production from 1860 compared with voting patterns earlier this month. The resemblance is both uncanny and scary.
This Isn’t England | Noisy Decent Graphics: Pax Britannia! London-based graphic designer Ben Terrett notices that the UK isn’t always drawn as it should be on maps. All maps, by definition, present a distorted view of the world. But how distorted?
How This Bear Market Compares | NYTimes.com: Once more the New York Times wins with its superb infographics. Want to compare the current stock market crash with previous ones? This interactive graphic allows you to do just that, clearly and simply.
Introducing Recession: Simple Advice for Designers | Noisy Decent Graphics: While the blog is aimed at designers overall, this post is about the current world economic recession and includes links to some good infographics to help understand it, as well a rather nice FAIL photo.
Digital Surveillance Event Recorder | Jaycar Electronics: There’s just got to be some cool uses for a gadget that comes with two infra-red video cameras and records a 10-second burst of low-res video every time something moves. And it costs less that AUD$300.
Resampled Space | BLDGBLOG: Amazing but probably impossible buildings, assembled thanks to some nifty photo editing.
Anything Looks Cooler with a NASA Logo | Flickr: Yes, even mundane things.
Ethics & Principles of Permaculture browse | Permaculture Business Guild: Bill Mollison published these principles in 1980 in Permaculture: A Designer’s Manual (Tagari Publications), but the “Principles for Functional Design” apply everywhere, I think.
Internet filtering and censorship forum UNSW 27 November 2008 | Cyberspace Law and Policy Centre: A free forum in Sydney later this month discusses Australia’s proposals for Internet filtering / censorship. I;ll be there.
Economics of Spam | Link: The paper “Spamalytics: An Empirical Analysis of Spam Marketing Conversion”, details how researchers hacked into a spam network to measure its effectiveness. This post asks whether the technique of hacking into a spam botnet was ethical.
japanese bert | Flickr: There’s an uncanny resemblance between this chap and Australian television presenter Bert Newton.

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Links for 28 September 208 through 01 October 2008

del.icio.us — Wed, 01 Oct 2008 20:21:55 +0000

Here are the web links I’ve found for 28 September 2008 through 01 October 2008, posted automatically and covered in badger fat.

How to be Creative | gapingvoid: Hugh MacLeod’s classic article on how to be creative, starting off with Tip #1: “Ignore everybody.”
Pigeon-powered Internet takes flight | CNET News: A news report on the 2001 experiment to implement Internet protocol RFC1149, which allows Internet data to be sent by carrier pigeon. It’s not fast, it’s not particularly reliable.
Welcome to my world, the “online community” that prefers to keep out of site | theage.com.au: A strangely misinformed article about online communities, which commits what I think is the great sin of assuming a social relationship becomes less valid when mediated online.
Height | xkcd: xkcd is “a webcomic of romance, sarcasm, math, and language”, but this episode is a wonderful diagram of the universe drawn to a logarithmic scale, from the height of a giraffe to 46 billion light years out. It’s also available as a poster print (hint hint).
How to change the product key for Office XP, for Office 2003, and for the 2007 Office system: I’ve had to roll out a lot of computers this weekend. Rather than spend 4.5 hours on each one, I set up one and then cloned them (at least where the hardware was identical). That meant they all had the same product key for Microsoft Office. This article explains how to reset it and change it back.
Change the Windows Vista Key | About.com: I’ve had to roll out a lot of computers this weekend. Rather than spend 4.5 hours on each one, I set up one and then cloned them (at least where the hardware was identical). That meant they all had the same product key for Windows. This article explains how to reset it and change it back in Vista.
How to change the Volume Licensing product key on a computer that is running Windows XP SP1 and later versions of Windows XP: I’ve had to roll out a lot of computers this weekend. Rather than spend 4.5 hours on each one, I set up one and then cloned them (at least where the hardware was identical). That meant they all had the same product key for Windows. This article explains how to reset it and change it back in Windows XP.

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Links for 05 August 2008 through 08 August 2008

del.icio.us — Fri, 08 Aug 2008 08:37:42 +0000

Stilgherrian’s links for 05 August 2008 through 08 August 2008, covering all topics from Ma to Me:

NLA Australian Newspapers beta | National Library of Australia: The NLA is digitising its collection of out-of-copyright newspapers, some going back to 1803. Over 90,000 pages online so far. Searchable. OCR has been done, and you can correct any mistakes you find.
GroceryChoice site dismissed as “no help” to consumers | The Australian: The Australian government’s new GroceryChoice website is useless. Data only collected once a month, so it can’t take weekly specials into account.
The Z Curve and IT Investment | Digital Renderings: When should a business invest in new information technology? Move aggressively, assuming high costs and risks in the hope of gaining an outsized reward? Or hold back, waiting for technology to become better established, with lower costs and risks?
Twitter As News-wire | Twitter Blog: Twitter is increasingly being described as a personal news-wire. Here’s a couple of graphs showing how word of the LA an SF earthquakes spread in under 5 minutes.
Jay Rosen of NYU on the Ethic of the Link | YouTube: An excerpt from a Carnegie Council panel on 3 April 2008. Nice contextualisation of the newspaper business’ fear of the web. 4 min 21 sec.
Twitter on the front page of Liberation today | Holy Chic’s Weblog: Twitter makes the cover of French newspaper Liberation. Here’s an analysis in English.
Journalism is Dead: A new blog which purports to be the true diary of someone working at a newspaper. Looks real enough. Let’s hope he or she can continue being this funny.
Fake L.A. Times: Exactly what it says. Yes, yet another satirical news site.
The Ethics of Taking Vacations: “You owe it to yourself to recuperate, and you’ll do your job better if you take time off. Both are ethical issues.”

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Links for 02 July 2008

del.icio.us — Wed, 02 Jul 2008 22:13:18 +0000

Stilgherrian’s web links I’ve found for 02 July 2008, created automatically from internets.

China As An Island | Strange Maps: China has land borders with 14 other countries. And yet you should not think of China as particularly well-integrated with its neighbours. In fact, as shown in this dramatic map, you should rather consider China to be an island.
NASA's Moon Truck Goes for a Test Drive | Telstar Logistics: A prototype of a NASA lunar rover undergoing testing at the Moses Lake Sand Dunes in eastern Washington state.
Hyperpolitics (American Style) | viddler.com: The video of Mark Pesce's presentation at the Personal Democracy Forum 2008.
Asthma Weed | Sydney Weeds Committees: This is the nasty weed which keeps emerging in our garden and resists all efforts at eradication. Chemical warfare appears to be the only resort.

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Links for 17 June 2008 through 19 June 2008

del.icio.us — Thu, 19 Jun 2008 20:59:26 +0000

Stilgherrian’s links for 17 June 2008 through 19 June 2008. gathered automatically:

Receiver rejects call to release home plan | smh.com.au: Bizarre copyright claim? Building firm Beechwood Homes goes broke, but 580 customer can't get their homes built by someone else because Beechwood's receiver claims copyright on the plans!
Revoke Copyright for Poorly Paid Authors? | Brendan Scott’s Weblog: Counter view: "If the practical effect of 200 years of copyright protection for my industry body was that its members were 'the most poorly paid in Australia' I wouldn?t be asking for the regime to be extended! I?d be calling for it to be abandoned."
The Future of Copyright | Cato Unbound: Fascinating essay.
5 Influential Books All Bloggers Should Know | ProBlogger: Yes, by reading the same five books as every other blogger on the planet, you will suddenly provide a unique view on the world. Sigh. Good books, presumably, but "the usual suspects". Be original.

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Links for 01 June 2008 through 02 June 2008

del.icio.us — Wed, 04 Jun 2008 19:56:30 +0000

My links for 01 June 2008 through 02 June 2008, gathered semi-automatically:

The Twitter backchannel | Memex 1.1: A explanation of why Eurovision is the perfect Twitter event. This bookmark is dedicated to Mark Pesce.
Virtually on parity | Steven Poole: Magnificent deconstruction of how Microsoft re-wrote an article about "misunderstood" features in Windows Vista.
Alternative boondoggles | Charlie’s Diary: If the $523B to $3T spent on the Iraq War was put to some useful purpose, what could it achieve? Interesting suggestions, and trolls in the comments are dealt with swiftly.

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Links for 15 May 2008 through 19 May 2008

del.icio.us — Mon, 19 May 2008 12:05:02 +0000

My links for 15 May 2008 through 19 May 2008, gathered semi-automatically:

The Mother of All Demos | Wikipedia: On 9 December 1968, Douglas Englebart demonstrated some breakthrough technologies: interactive text, video conferencing, teleconferencing, email and hypertext — and the very first computer mouse. This Wikipedia article has links to videos of the actual 1928 demo.
Shops track customers via mobile phone | Times Online: UK shopping centres are trialling the tracking of customers via their mobile phone emissions. Which stores do they visit? How long do they stay?
Drivers of Australian Inflation | A Stubborn Mule?s Perspective: What's causing the relatively high inflation in Australia? Here's an excellent visualisation with analysis.
The Prospect/FP Global public intellectuals poll: Over 20,000 people voted for their top names from the original longlist of 100. Links to analysis and biographies. Voters also nominated others who they thought should have been on the top list. Interesting view of what counts as "intellectual".
The Workplace: How to tell if you're a "workaholic" | International Herald Tribune: Workaholics don't get more done, necessarily, because they focus on inconsequential details.
Building a Popular Social Media Profile: Seven Essential Characteristics | Dosh Dosh: Some useful tips for establishing a global micro-brand.
Federal Budget 2007-08 analysis | ALIA: The Australian Library and Information Association's take on Australia's Federal Budget. Librarians get this information stuff!
Why Gen Y Is Going to Change the Web | ReadWriteWeb: Many of the themes have appeared elsewhere before, but still a good article.
Powerhouse Museum Collection's Photostream | flickr: 450-odd photographs from (mostly) the 1800s taken from original glass-plate negatives. Beautiful shots of Victorian Sydney, rural scenes etc.
The Art of the Business Card | Guy Kawasaki: Finally, a business card design where you can actually read the information! interesting discussion in the comments, too.

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Tax changes work against innovation

Stilgherrian — Wed, 14 May 2008 16:07:58 +0000

Two tax changes announced in Tuesday’s Federal Budget actually work against business innovation. Businesses must now depreciate their computer software over 4 years, not 2.5. This pulls in $1.3b in tax but discourages upgrading. (However it might be good news for vendors of software as a service and proponents of open source software.) Similarly, Fringe Benefits Tax rules for laptops and PDAs given to employees have been tightened, discouraging a more flexible, mobile workforce. I thought we were meant to be building for the future…

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The US economy as stained glass

Stilgherrian — Mon, 05 May 2008 04:07:53 +0000

This cute iconographic image is actually a visualisation of consumer spending in the US economy. The full version is at The New York Times, where you can learn that housing makes up 42%. Hat-tip to Sean C.

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I’ll do my writing tonight

Stilgherrian — Mon, 24 Mar 2008 00:39:30 +0000

Yesterday I said I write follow-ups to my recent pieces on housing affordability and the Australia 2020 Summit. I decided to relax last night instead, and today I’ll concentrate on some client work and the gym first. Meanwhile, you can always read part 2 of Possum Comitatus’ housing policy analysis and Guy Rundle’s negative perspective on the summit.

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So Howard screwed up housing affordability too

Stilgherrian — Tue, 18 Mar 2008 20:46:05 +0000

At some point we will have to stop blaming John Winston Howard for every problem we face. For the moment, though, it does seem that whenever we lift the lid on some important issue we find something smelly whose cause was inaction or ineptitude on JHo’s watch.

Yesterday it was how we’re stuck with the Super Hornets thanks to “a lack of sound, long-term… planning decisions by the former Government over the course of the last decade”. Today let’s look at Chairman Rudd’s theme of the week, housing affordability.

It’s now more expensive to live in Sydney than in New York.

[P]roperty prices have jumped 400 per cent since 1986, while income has increased by only 120 per cent.

The mysterious but awesomely-brained Possum Comitatus explains how he ran the numbers, leading to this graph.

It’s worth reading the full analysis, but his conclusion is blunt:

[R]eal house prices remained virtually frozen over the period from 1990 through to 2000. It wasn’t until Howard started stuffing around with halving the capital gains rate and things like the first home buyers grant that real house prices started to accelerate…

It also highlights in real terms just how much the NSW market has dropped over the last couple of years.

Possum’s going to look at our policy options in part 2, coming soon. However The Australian’s George Megalogenis has already started down that path — from the suitably cynical viewpoint of which options generate the most votes for whom.

In the must-read piece Making housing more affordable, Mr Meganomics agrees with the Possum about one key point — it really isn’t about interest rates.

Rudd has nominated the second half of 2010 — when the next election is due to be held — as the time zone when inflation is meant to come back under 3 per cent. While he can’t make any promises on monetary policy, because that’s really the job of the Reserve Bank, lower inflation should, other things being equal, mean lower interest rates. Yet that won’t fix the problem of housing affordability.

The well-briefed Rudd would appreciate that house prices, not interest rates, are the main driver of housing affordability. So lower interest rates may mean housing becomes even less affordable by the next election.

Possum’s version of that statement is that “the two key metrics that are the foundation of housing affordability are income and house prices, with interest rates floating around as a third lesser order, though still important issue.”.

This demonstrates Howard’s (short-term) propaganda genius. Of the three key numbers only the least important, interest rates, was moving in his favour. By concentrating on that number through two elections, he made himself look good.

Megalogenis runs through the political angles and concludes:

In the short run, that is until the next election, the social goal of making housing more affordable is incompatible with the economic and political goals of staying sweet with the mortgage belt. In the long run, however, Rudd has no choice but to deflate the property price bubble.

He should view this challenge in the same terms as he does climate change: a project necessary to keep Australia viable. Housing should, pardon the pun, become truly freestanding by Rudd’s stated date for paradise: 2020. That is, bricks-and-mortar should lose its taxpayer supports.

Presently, voters expect a handout to enter the housing market and another to buy a second property. These tax breaks make housing less affordable than it would otherwise be.

He then discusses how you might achieve that — and I won’t butcher his arguments but instead encourage you to read the whole thing, including the comments, and think for yourself. Mr Meganomics takes part in the discussion, too. Fun.

I’ll link to Possum’s policy discussion when it appears. However for now he notes:

There is very simple root cause to the lack of housing affordability in Australia, but it is also a cause that has virtually no easy solution — Australia simply has too few large cities for the proportion of our population that chooses to live in an urban environment. As a result, the supply of desirable urban locations to live — be they inner city or hilltop or hinterland or bayside locations relatively near a city centre — is swamped by the enormous demand. Desirable locations lead the charge in house price growth which pulls the price of all suburbs up with it, generally in decreasing amounts the further away one gets from the suburbs with a high desirability premium.

But since we can’t really change this situation over any time frame shorter than the very long term, even if we were to attempt to, the policy options left to address housing affordability issues become more complex as a result of our policy options being forced to try and affect the affordability ends from policy angles that aren’t necessarily the root cause of the affordability means.

John Howard was never good at “the very long term”, of course. Unless it was looking backwards to Gallipoli. Will Kevin Rudd prove any better?

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The $400 Billion Gift

Stilgherrian — Thu, 13 Mar 2008 19:02:01 +0000

Catching up on news from earlier this week, I’m astounded to read the real reason the US stock market rallied: “The US Taxpayers just lent the Biggest Banks and Hedge Funds in New York $400 Billion in exchange for ‘mark to market valued’ sub prime mortgage securities that are probably nearly worthless (being so far down on the claims chart in a bankruptcy). This is a ’silent bailout’ of the Republican’s biggest contributors that is going to be much more expensive than the S&L Rescue package of the early 90s. At least Bush Sr proposed the S&L bailout in the sunlight. Bush Jr, Paulson and the Fed are doing the bailout without asking our permission. What does ‘pork barrel’ John McCain think of this corporate welfare?”

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Quote of the Day, 23 January 2008

Stilgherrian — Wed, 23 Jan 2008 03:28:37 +0000

“The [stock] market in the short run is a voting machine, but in the long run it is a weighing machine.” So said Benjamin Graham (1894-1976), economist, professional investor and mentor of Warren Buffett. Hat-tip to Memex 1.1.

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Oz stock market “crash” in perspective

Stilgherrian — Wed, 23 Jan 2008 02:59:50 +0000

Yes, there was a 7.1% drop in the ASX All Ordinaries yesterday, the 4th biggest one-day fall in our history. But before you throw yourself out of the window, let’s put that in context.

That’s a graph of the All Ordinaries for the last 20 years, thanks to Robert Merkel in Lavartus Prodeo. See that little wiggle at the far right-hand side? That’s yesterday. Short-term thinking is perilous.

Stilgherrian » economics

More Links for 16 November 2008

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Links for 16 November 2008

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Links for 28 September 208 through 01 October 2008

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Links for 05 August 2008 through 08 August 2008

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Links for 17 June 2008 through 19 June 2008

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Links for 01 June 2008 through 02 June 2008

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Links for 15 May 2008 through 19 May 2008

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Tax changes work against innovation

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The US economy as stained glass

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I’ll do my writing tonight

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So Howard screwed up housing affordability too

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The $400 Billion Gift

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Quote of the Day, 23 January 2008

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Oz stock market “crash” in perspective

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