I really love this line:
Consumers Energy, a Michigan gas and electric company with 2.9 million customers, said it will not take a big first-quarter charge because, like most utility companies, it can try to recover the added costs from its customers through rate hikes.
I am sure the state with the highest unemployment in the country will LOVE having their energy rates increased to pay for medical costs!
I get it, health costs will go down because it will get subsidized by the taxes on energy! We can just rob Peter to pay Paul because Peter is too stupid to realize he got robbed.
The really good news in all that is we may get some more new jobs – the bill gives the IRS $1B a year to hire new employees to collect all of these new taxes – that is about 12,000 new jobs for the IRS! Obama has finally come up with a solution to unemployment – hire the entire US population so that no one is unemployed!
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Scott McKain, an adviser to many on how to more effectively run a business, just did a great article on how NBC screwed up with this Leno at 10 problem.
What Scott doesn’t point out in his advice is that the change is not always necessary for the good of the company. In this case, Conan was getting his butt kicked by the more experienced (and more entertaining) Letterman.
Scott’s article is excellent. Jump over and read it. Here is some of his advice:
1) Don’t EVER make the assumption that ANY productive employee is ready to be put out to pasture. We work for many reasons, and only ONE of them is money. Zucker’s assumption that Leno was wealthy enough and would want to ride off in the sunset started the disastrous chain of events.
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I am not a bit surprised that Leno is in trouble at NBC. Moving that format to 10P in the 21st century was foolish. It may have been okay in the 50s or 60s but that show was doomed the day that Jay Leno walked on to the stage.
Of course, it doesn’t help that Conan is a flop in the 11:30 time slot.
The executives that put this together should be fired. It should be the first thing that Comcast does now that they have control of the company from GE. Fire the buffoons that did this. Talk about destroying a valuable commodity! Warren Buffet says that you should only invest in companies that can be profitable even if idiots run them. I don’t know if I agree with that advice but I definitely don’t think you should invest in companies that are run by buffoons!
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With any downturn in the economy, there are always new rules and regulations that are discussed or passed to prevent the previous calamity from occurring again. The same is true for this latest downturn with a variety of efforts and attention being shown to the banking and mortgage industries.
Now attention is also being shown to the venture capitalists. This is not necessary. Nothing in this current downturn can have VC activity pointed to as the cause. In fact, VCs are fairly well self-regulated by the activity of the stock market and they take a sizeable set-back when the tech bubble bursts (most notably in the early part of this decade).
No VC is too big to fail and no VC has a huge majority of the market. It simply doesn’t make sense to overly regulate this industry when so much of what we enjoy on a regular basis is the result of VC activity (nearly the entire IT industry including the technology that makes this blog possible and your ability to read it).
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After being on an iPhone for a year, I don’t think I could ever go back to a Windows Mobile phone. I used the Windows Mobile platform for probably 11 years (including the original Windows CE non-phone devices) and it always seemed like the NEXT generation would solve all my problems. The next generation never did come and by the time I gave up, I was in the habit of restarting the phone every morning.
I recently tried to install the desktop search tool from Microsoft. After several tries and lots of reading online, I couldn’t get the add-on installed that would allow this tool to search my Outlook 2003 files (let alone my Thunderbird personal email). I gave up and installed Google desktop and was completely indexed on everything in one overnight session.
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Is there a brand name that is better than Polaroid?
I am sure that there is but not too many. Coke and Pepsi come to mind. Mac is probably more popular. Perhaps Levi’s and Mercedes. There may be a dozen or two others but to be honest, if someone says Polaroid you instantly know what it is: a camera that takes a picture and spits it out immediately to be enjoyed by you and others. What a perfect idea for the US where we are known for our lack of patience and need for instant gratification.
Today, multimedia dominates the Internet and the computer industry. The ability to interact with and use images and movies drives the sale of most computers. In fact, a recent Apple v. PC discusses the ability of the Mac to manage volumes of digital images.
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