OpenWeb 05/20/2009 (a.m.)
Google and RDFa: what and why - bobdc.blog
Surprise—to make more money! After the initial burst of discussion about Google putting their toe into the standardized metadata water, I started wondering about the corner of the pool they had chosen. They're not ready to start parsing any old RDFa; they'll be looking for RDFa that uses the vocabulary they somewhat hastily defined for the purpose. Why does the vocabulary define the properties that it defines? It will be interesting to see how the big hustling SEO world adapts to this. In the words of Drupal project lead Dries Buytaert, Structured data is the new search engine optimization. When he writes "Every webmaster wanting to improve click-through rates, reduce bounce rates, and improve conversation rates, can no longer ignore RDFa or Microformats", it reminds me that when the SEO world eventually gravitates more in the RDFa direction or the microformats direction, these very quantitative, results-driven people will have some real data to explain why. I'll have to start searching their voluminous discussions out there to see what people are saying.
IntalioCloud takes on Salesforce.com » VentureBeat
IntalioCloud takes on Salesforce.com with public-private cloud design. Note that business applications developed for use in Salesforce’s platform have to use the company’s proprietary programming language, while IntalioCloud is open to many languages such as JavaScript and Ruby. Third, Intalio says it provides 25 gigabytes of data storage per account, much more than Salesforce. $42 Mill in VC The nexxus here is that both salseforce.com and Intalio need to provide integration into the MSOffice productivity environment to compete with Microsoft Azure.
Financial Rescue Nears GDP as Pledges Top $12.8 Trillion (Update1) - Bloomberg.com
The U.S. government and the Federal Reserve have spent, lent or committed $12.8 trillion, an amount that approaches the value of everything produced in the country last year, to stem the longest recession since the 1930s. this article features a complete break down of where the money went!!!! New pledges from the Fed, the Treasury Department and the Federal Deposit Insurance Corp. include $1 trillion for the Public-Private Investment Program, designed to help investors buy distressed loans and other assets from U.S. banks. The money works out to $42,105 for every man, woman and child in the U.S. and 14 times the $899.8 billion of currency in circulation. The nation’s gross domestic product was $14.2 trillion in 2008.
Will The Dollar Standard Collapse?
The Dollar Crisis Quick Synopsis: * Abandoning the gold standard in 1971 has resulted in large global trade imbalances and a massive buildup of foreign currency reserves * These trade imbalances and buildup of foreign reserves have resulted in frequent booms and busts since 1971 * The Japanese bust of 1989, the Asian economic crisis of 1997, and the current US credit market collapse have resulted from the post-1971 paper money monetary system * Abandoning the gold standard has gradually resulted in a very overvalued US dollar, and that the dollar is headed for disaster * “The dollar standard is inherently flawed and increasingly unstable. Its collapse will be the most important economic event of the 21st century.”
- Before I begin, I’ll make a prediction, since I’m an investor and my job is to predict. I increasingly believe that the dollar will collapse, and its ramifications could be as violent as when the credit markets cracked in July 2007. Currency collapses are nothing new, just as the bursting of a credit market bubble was nothing new. A dollar collapse could very well lead to carnage in domestic asset markets, whether it be the stock market, bond market, etc. Also, US imports and the overvalued dollar are fueling many of the export-oriented economies abroad, so a dollar collapse could wreak havoc on foreign asset markets as well. And once it happens, we’re going to view the collapse of the dollar as an obvious event that we should have long seen coming. Just as we now view the subprime wreckage and bursting of the real estate bubble as an event we should have easily predicted.
The problem is timing. Does the dollar collapse in 2009, or 2015? And is it a slow depreciation, or a sudden 50% fall? Those are tougher questions. Richard Duncan predicted the dollar’s demise in 2002. His error of timing discredited an otherwise brilliant book. - In a sentence, “The Dollar Crisis” is about how the world changed in 1971. That was when Richard Nixon dropped the gold standard (or its close cousin, the Bretton Woods international monetary system). Here’s the youtube video: Youtube Bretton Woods. The end of the gold standard ushered in a new era of large trade imbalances and the buildup of foreign currency reserves, and these trade imbalances and large foreign currency reserves have had significant impacts on the global economy that many people don’t realize. Huge trade imbalances and large foreign reserves didn’t really exist during the gold standard. During the gold standard, a country’s money supply was determined by the amount of gold it had. Banks’ reserves were either gold or indirectly tied to gold, and so the amount of money they could lend, and that the nation could print, was backed by the nation’s gold reserves. To see the implications of that sort of monetary system on trade imbalances, let’s take a hypothetical United States and China, where the US is buying lots of goods from China. The US gets goods; China gets dollars. China takes its excess dollars, gives them to the US, and gets gold in exchange. The US gold reserves would decline, causing credit contraction in the US. This would lead to recession; prices would adjust downwards; and falling prices would enhance the trade competitiveness of the US. The US would stop exporting so many goods from China as China’s costs of production begin rising relative to the United States’. The US would stop being a net importer; gold would flow back in; and equilibrium on the balance of payments would be re-established.
Under the gold standard, trade imbalances were unsustainable and self-correcting. - Today, in the system of fiat money, that’s no longer the case.
Posted from Diigo. The rest of my favorite links are here.
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