Showing posts with label collapse. Show all posts
Showing posts with label collapse. Show all posts

Wednesday, May 23, 2012

Don't trust any entrepreneur under 30


It all started when Wall Street created an "unlike" button for Facebook. And it may not end well.

At all.

Damn you, Mark Zuckerberg.
Punk.
However, the valuation of Facebook may be moot. Because tech finance expert, Michael Wolff, presents a different doomsday scenario about Faceook in the MIT Technology Review - one where Facebook literally brings down the internet advertising model.

It all starts with the incredible growth necessary to keep Facebook stock price up, just as Aswath Damodoran assumes it must.

Woolf says that this will destabilize the ad market online, with negative results. He suggests . . .

“In its Herculean efforts to maintain its overall growth, Facebook will continue to lower its per-user revenues, which, given its vast inventory, will force the rest of the ad-driven Web to lower its costs. The low-level panic the owners of every mass-traffic website feel about the ever-downward movement of the cost of a thousand ad impressions (or CPM) is turning to dread, as some big sites observed as much as a 25 percent decrease in the last quarter, following Facebook’s own attempt to book more revenue.

You see where this is going. As Facebook gluts an already glutted market, the fallacy of the Web as a profitable ad medium can no longer be overlooked. The crash will come. And Facebook—that putative transformer of worlds, which is, in reality, only an ad-driven site—will fall with everybody else.”

Sunday, February 26, 2012

The United State of Wyoming


We better stop, hey, what's that sound
Everybody look what's going down


File under "Times, Sign of the":
State representatives on Friday advanced legislation to launch a study into what Wyoming should do in the event of a complete economic or political collapse in the United States.

House Bill 85 passed on first reading by a voice vote. It would create a state-run government continuity task force, which would study and prepare Wyoming for potential catastrophes, from disruptions in food and energy supplies to a complete meltdown of the federal government.

The task force would look at the feasibility of Wyoming issuing its own alternative currency, if needed. And House members approved an amendment Friday by state Rep. Kermit Brown, R-Laramie, to have the task force also examine conditions under which Wyoming would need to implement its own military draft, raise a standing army, and acquire strike aircraft and an aircraft carrier.

The bill’s sponsor, state Rep. David Miller, R-Riverton, has said he doesn’t anticipate any major crises hitting America anytime soon. But with the national debt exceeding $15 trillion and protest movements growing around the country, Miller said Wyoming — which has a comparatively good economy and sound state finances — needs to make sure it’s protected should any unexpected emergency hit the U.S.

Several House members spoke in favor of the legislation, saying there was no harm in preparing for the worst.

“I don’t think there’s anyone in this room today what would come up here and say that this country is in good shape, that the world is stable and in good shape — because that is clearly not the case,” state Rep. Lorraine Quarberg, R-Thermopolis, said. “To put your head in the sand and think that nothing bad’s going to happen, and that we have no obligation to the citizens of the state of Wyoming to at least have the discussion, is not healthy.”


MAYBE we sense, sometimes, that something's afoot before we consciously realize something's afoot.

On the other hand, I'm still trying to figure out exactly what landlocked Wyoming would do with an aircraft carrier. Or how a state/nation with a population of 568,000 manages to have one, not counting its lack of a nearby ocean.

I mean, there are almost as many people in Douglas
County, Neb., as there are in all of the Cowboy State.

Wednesday, January 04, 2012

Pat's always the last to hear


Actually, God told Paul Krugman this long ago, the economic collapse thing.

Or. . . .

Great googly moogly, can you imagine how pissed Republicans would be if it turned out Paul Krugman were the Almighty?! Naw, I'm just spitballing here.


Then again, maybe God just got on the Internets, did a little crowdsourcing and then decided He would mess with the mind of a doddering old man by repeating memes and musing about the logical consequences of present sociopolitical trends.

Tuesday, November 29, 2011

Pigs fly. Europe over. End nigh.


Germany is the only country in Europe that can act to save the eurozone and the wider European Union from “a crisis of apocalyptic proportions”, the Polish foreign minister warned on Monday in a passionate call for more drastic action to prevent the collapse of the European monetary union.

The extraordinary appeal by Radoslaw Sikorski, delivered in the shadow of the Brandenburg Gate in the German capital, came as the Organisation for Economic Co-operation and Development called on European leaders to provide “credible and large enough firepower” to halt the sell-off in the eurozone sovereign debt market, or risk a severe recession.

The OECD’s comments came as the organisation slashed its half-yearly forecasts for growth in the world’s richest countries, warning that economic activity in Europe would grind to a near-halt.

Yet their calls were met by a stubborn insistence in Berlin that only EU treaty change to forge a “stability union” in the eurozone would revive confidence in the markets.

In a startling comment for a senior Polish minister, Mr Sikorski declared that the biggest threat to his nation’s security was not terrorism, or German tanks, or even Russian missiles, but “the collapse of the eurozone”.

“I demand of Germany that, for your own sake and for ours, you help it survive and prosper,” he said. “You know full well that nobody else can do it. I will probably be the first Polish foreign minister in history to say so, but here it is: I fear German power less than I am beginning to fear German inactivity. You have become Europe’s indispensable nation.


-- The Financial Times,
Nov. 28, 2011

Friday, August 19, 2011

Music festivals, we may have a problem


Again.

Another outdoor concert, another thunderstorm, another stage collapse, another five people dead. The deaths at the Pukkelpop festival in Belgium late Thursday come as the death toll in Saturday's stage collapse at the Indiana State Fair rose to six.

The latest bad news comes from
MSNBC:

The death toll from a fierce thunderstorm that mangled tents and downed trees and scaffolding at an open-air music festival in Belgium has risen to five, officials said Friday.

Hasselt Mayor Hilde Claes said that two more people died overnight. About 40 were injured, 11 of them seriously, she said.

Chicago-based band Smith Westerns was on stage when the structure collapsed around them, NBC station WMAQ reported. None of the band members were injured but their equipment was destroyed.

Organizers canceled the annual Pukkelpop festival near Hasselt, 50 miles east of Brussels. Buses and trains were pressed into service to transfer the 60,000 festivalgoers home.

The brief but violent thunderstorm on Thursday evening tore down concert tents, several trees and main stage scaffolding. Panicked concertgoers ran through fields of mud looking for shelter.
DO YOU think there might be a pattern here?

Do you think that the typical design of the typical outdoor stage might be inherently unstable and prone to collapse during weather not atypical for spring and summer -- outdoor-concert season?

Let's review. And note that I've probably missed some incidents from the past couple of years.



August 13, 2011. Indianapolis, Ind.



August 7, 2011. Tulsa, Okla.



July 17, 2011. Ottawa, Ontario.



July 6, 2010. Concho, Okla.



Aug. 1, 2009. Camrose, Alberta.