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Friday, February 11, 2011

Friday Potpouri




In light of the bait and switch from Mubarak I thought this was article explains a great deal about the resilience of the Egyptian revolution:

Wired and Shrewd, Young Egyptians Guide Revolt

CAIRO — They were born roughly around the time that President Hosni Mubarak first came to power, most earned degrees from their country’s top universities and all have spent their adult lives bridling at the restrictions of the Egyptian police state — some undergoing repeated arrests and torture for the cause.

Yet they brought a sophistication and professionalism to their cause — exploiting the anonymity of the Internet to elude the secret police, planting false rumors to fool police spies, staging “field tests” in Cairo slums before laying out their battle plans, then planning a weekly protest schedule to save their firepower — that helps explain the surprising resilience of the uprising they began.

In the process many have formed some unusual bonds that reflect the singularly nonideological character of the Egyptian youth revolt, which encompasses liberals, socialists and members of the Muslim Brotherhood.

Verizon iPhone Release Falls Flat

"NEW YORK--There were balloons, police barricades, security, and a full staff on hand early this morning at the Verizon Wireless store on Broadway in downtown Manhattan. Absent from the scene: customers."

This was interesting to me as my daughter had long coveted the new iPhone from Verizon but once she saw how much more expensive it would be compared to her current phone she has balked at the cost of the new plan. Who says these kids are spoiled!

Interesting take on the mismatch in jobs and the unemployed:

Searching for a willing worker
"Companies in the United States can’t find suitable candidates to fill about 2.3 million available spots, most of them technical positions. Europe faces the same curious predicament.
There are two talent pools that sluggish Western economies could tap into. The first are the ranks of the domestic unemployed, numbering in excess of 13 million in the United States. Alternatively, with unemployment rampant through much of the world, there is no shortage of skilled foreign workers willing to mobilize."


With Job Openings Falling, Trouble Could Be Coming


"The Bureau of Labor Statistics released data this week on its latest Job Openings and Labor Turnover Survey (JOLTS), which revealed that job openings fell in December for the second straight month."


Here's a link from Rock that I thought was interesting:
A conversation with Bill Gates

The Daily Princetonian: The number of computer science graduates — or, more generally, the number of engineering graduates — isn't growing in the United States, while numbers are steadily rising in India and China. Why are numbers declining here and what, if anything, should be done about it? What does a Princeton graduate have to offer Microsoft that a Chinese or Indian student can't?

Bill Gates: Of the top 20 [computer science universities] in the world, somewhere between 18 and 19 of them are in the United States, and it's true that India and China are improving their universities.




72 comments:

  1. Denise - great post!

    Companies in the United States can’t find suitable candidates to fill about 2.3 million available spots, most of them technical positions.

    I believe this. We have a lot of difficulty filling a lot of our technical positions. We get a lot of applicants, just not a lot of qualified applications.

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  2. @Dss

    Great post. 3 good thought-provoking articles.

    Is it interesting how, once you've shipped 20% of your high-tech jobs overseas how no kid in his right mind wants to train in that field? And there are a number of large hi-tech firms that won't hire an unemployed person--some set time limits like 1 year or two.

    http://www.huffingtonpost.com/2010/06/04/disturbing-job-ads-the-un_n_600665.html

    This is very indicative of the lack of upward mobility in the hi-tech workplace. We used to hire technicians, train them, promote them to "company engineers", promoting the engineers to managers (back in the day, only IBM had parallel technical/management tracks). It worked well. The technitians got more pay, more responsibility and felt loyalty to the company that makes them upwardly mobile.

    Anyway, here's what Bill was saying in 2005:

    http://www.dailyprincetonian.com/2005/10/14/13474/

    So enrollment is down in 2005. Let's see, 4 years college, 2 years experience, and what do you get? um, 2005+4 +2 = today.


    I wonder how many internals Thor's company "interviewed" for their openings.

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  3. Just catching up, had to pull a 2-day workathon.

    From yesterday's comments:

    Trading is absolutely the best job in the world. You get the opportunity to work fairly normal hours (after training, of course), and you can take a day off anytime, just sell out and go on your picnic. (this is kind of forefront in my mind, after a 3 hour nap and 20 hours at the office).

    There are innumerable opportunities for excellence.

    Finding opportunities, you get to play the best video game ever. Beats Mario and leisure suit larry.

    You are fully responsible for your own success. No more "it aint my job man" or "I couldn't do that because...." or "no one would let me".

    You are given the right to work as long as you want, and no one will take that job out from under you because their salary is under yours by 10%.

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  4. And, I got back for a shower just in time to take my long off CSCO. Man, did you see that, beat estimates and dropped like a flying monkey.

    I'm buying back in as soon as I see a higher high and a higher low!

    Looking for that continuing trend, as WolfStreet says.

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  5. Rock,

    Thanks. Cisco has long been known for managing it's earnings (as I am sure you are well aware of) so maybe we are just in the phase of the market where stocks start to go down on good news?

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  6. Rock,

    Exactly. Trading has given me the best of all worlds, unlimited ability to earn, a challenging environment where I truly still learn something new everyday because the world changes everyday and the chance to be my own boss. I get to sleep in, be sick when I need to be and take as much vacation as I want when I want it.

    Downsides are the isolation, and paying for our own health insurance, which 25 years ago was not a big deal, now it is a huge amount of money and cause for concern.

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  7. Rock,

    That's a good article with Gates. I am going to put your link in my post. How true is it that when jobs are being shipped overseas that people will decide not to go into that field.

    I thought that this was a pretty important piece of the puzzle going forward for the US as how do they get the qualified people to the jobs that are available?

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  8. It seems that powerful, big companies are never happy. They supposedly pay too much in taxes (not true), have too many regulations (mostly not true, but probably tru-er for small biz's that have more problems handling), and can't find suitable "talent" (somewhat true, but likely of their own making, at least partially, and no long-term foresight to actually train good people to fill some of those jobs).

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  9. Hang Seng is not breaking 50day. No trend change yet.

    ICan

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  10. Is the resort town that Mubarak has fled to called London, Paris, or Zurich by any chance?

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  11. @dss,

    University of Waterloo, Ontario. Also one the best computer science U. Waterloo, home of RIM and Blackberry.

    ICan

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  12. Consolidating just under the old highs is usually a bullish sign. If the the big sellers wanted the market to crack it would have opened down a hundred or more points.

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  13. @dss(10:30)

    About 100km west of TO, near Hamilton.


    About Mubarak - He's still in Egypt , Sharm-el-Sheikh.

    He's still hoping for a come back. Even if he resigns, if he can manage to stay in Egypt, he'll field his candidates, will try to get back in one day. His EGO is still intact. Not giving up.

    ICna

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  14. @Anonymouse:

    From the other day: ICna, actually the saturation point was reached because of Roe Vs Wade.

    :-)

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  15. lack of upward mobilityFebruary 11, 2011 at 10:43 AM

    Rock - There are several reasons I got my Bachelors in Computer Science, but one of the main reasons was the unlimited opportunities there were supposed to be in the Tech Industry.

    OK living in an economically depressed area that was on an Indian Reservation, didn't provide a whole lot of opportunity, no matter what your degree was in, but I was VERY surprised by the lack of real opportunities the degree did offer.

    Which is another reason we decided to move.

    Anyway, this is some what of a drive by posting as I have a busy morning, just wanted to let everyone know I had those 2 cents in my pocket.

    Mangy Mutt

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  16. Might be taking a little advantage of said freedoms today, and just go fishing.

    We are having a few platform issues today, so that is usually my cue to just go do something more fun.

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  17. How the Mubarak Family made It's Billions

    A tourist in Cairo spots three photographs on the wall of a restaurant: one of Nasser, another of Sadat, and the third of Hosni Mubarak. He asks the owner who the first man is, and the owner tells him it's the man who overthrew the Egyptian monarchy and served as the country's president. "Who's the second man?" the tourist wants to know. "That's Anwar Sadat, our next president," comes the reply. "He made peace with Israel but was assassinated in 1981." Next the tourist wants to know who the third man is. "Him?" says the restaurant owner. "That's my business partner's father" - A popular joke in Egypt

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  18. The buy program keeps grinding higher.

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  19. So Egypt is unpresidented.

    Courtesy, Marge Brennan.

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  20. Where is Wolfie? We are getting very close to his price.

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  21. Interesting article

    Why U.S. farm policy caused Egypt crisis

    Egypt is among the world’s largest importers of wheat. When such commodity prices rise due to U.S. subsidy and tariff intervention, as well as speculation in the capital markets, the price of bread skyrockets. Bread is made from wheat.

    In 2008, food riots broke out in Egypt, Mexico, Bangladesh and many developing countries when farmers, attracted to ethanol subsidies, abandoned food production in favor of fuel. This, along with rising oil prices, droughts, and other factors, decreased food supplies. Prices spiked.

    Adding to the crisis was U.S. trade policy: Because we subsidize wheat, corn and a handful of other crops so much, we can offer them cheaper on the world market and “dump” supplies on other countries. This puts farmers in those countries out of business, as they are forced to compete with artificially low prices at the market.


    So basically, our socialized agricultural policy screws over the rest of the world in favor of our own farmers. Tell me again why people are always harping on those greedy welfare queens?

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  22. @Mutt

    Did you ever look at WOOF? My daughter said they just took delivery on some of their equipment and it works flawlessly. It's trading around 17X earnings, and I think I might dip-buy if it pulls back soon.

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  23. Rock - hah, I take my dogs to VCA.

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  24. @Rock,

    fast fingers and my ANGREZI is not as good as yours.

    @Thor,

    I was going to "mubarak" you. Clue: going Hoffer on you.

    ICan

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  25. Seriously

    http://www.youtube.com/user/aljazeeraenglish?blend=1&ob=4

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  26. Thor,

    Socialism for the rich, capitalism for everyone else. Just like in the banking crisis, socialism, bailouts, huge pay packages to reward the banksters, our crop subsidies put huge amounts of money into the pockets of corporate farmers.

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  27. Seriously, get to a TV, these scenes are incredible.

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  28. @Thor,

    $35 bllion for ethnol subsidies -per ABC news yesterday The report asked Boehner a question and the reply - "we been in power for only a few weeks". Ha.

    ICan

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  29. So what now? The protesters all go back to their homes and what happens to their country?

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  30. Denise - can I put up an Egyptian flag? :-)

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  31. @Thor,

    In india, our language is is mix pot - from Hindi, Punjabi, Farsi(Persian), Arabic. 22 languages.

    Mubarak = Congratulations.

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  32. ICan - wow really? That's so funny.

    Well Mubarak to you too my friend! It's a wonderful day!!

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  33. Denise - I keep wondering about what's going to come next. Sounds like the army is taking over. Hopefully there will still be elections in September.

    These scenes are incredible. Listening to people they're trying to interview, so many of them can't get a word out through the tears. I'm so happy for them!!!!

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  34. On Twitter they are talking about a Mubarak top.

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  35. Facebook's Mark Zuckerberg : Ra!


    Partly responsible for today.


    ICan

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  36. Would be a very interesting and memorable market top if that were to occur.

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  37. OK now everyone buy your tickets to Egypt for your next vacation! They'll need the tourists back right away :-)

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  38. Off for the rest of the day. Have a great weekend everyone and let's raise a toast to Egypt today.

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  39. @Thor

    The way it works, is subsidies are paid to lower the price of the product, not as a price support. We gave up price supports in the 50's.

    So: from

    http://farm.ewg.org/region.php?fips=00000

    The total wheat subsidy paid was 30.1B. That's about 2B/year, more or less.

    That's about .50 per bushel. more or less.

    But if you read

    http://www.thefreelibrary.com/U.S.+WHEAT+GLUTEN+INDUSTRY,+FARMERS+PAYING+HARSH+PRICE+FOR+EUROPEAN...-a016551689

    you'll see the EU is really the culprit for lowering wheat prices worldwide because as well as the farm subsidy, they also do an export subsidy so if you send your wheat to say Egypt, you get paid even more. So you can lower the price of your wheat and Egypt will get a great deal.

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  40. @Dss:
    Your 11:19
    1. They all go to the MoneyWall, get money, and go drink themselves silly.
    2. You and I go invest in whoever sells pampers in Egypt.

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  41. Rock - yup yup, I know how farm subsidies work ;-)

    We're still giving taxpayer money to farmers to control price though. To be clear, I'm not knocking all subsidies, I was pointing out the ludicrousness of the far right position that socialism, or any form of government "support" is tantamount to communism when it comes to aid to the poor and needy, but somehow ok when it's the military or farmers.

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  42. @Ican:

    I thought it was Hinglish.

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  43. @ICan

    Besides, I live in Asia. I have this bizarre 4-row keyboard where it takes 3 strokes to make a P.

    Most of you can make a P in fewer strokes than that.

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  44. @Thor: That's because farmers are "real Americans", so subsidies are OK for them. They're not "those" people. Wink, wink.

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  45. @rock,

    We(my siblings and I) don't have an accent. We moved to Canada at a young age. Strangers don't even recognise we're from India.

    No not Hinglish. My mother tongue is Punjabi, learned english from KG, and Hindi, know a bit of French(from school in Canada).

    And I have to have your keyboard.

    ICan

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  46. @Denise:at work. Well,if you can call that a work.just temp part time robot job,enables me to get plenty of free time at home,to build my knowledge and resume by myself,instead of wasting time achieving nothing serious at somr random IT comp.

    Anyway,fir st time i work at such "low level" manual position. You cant make up that shit. Have to do it to believe it .

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  47. @Emmy(11:19)

    Obama watched it on TV- according to the guardian blog

    It's going to be a long hard road for the Egyptian people. New democracy is not easy. But, so far so good.

    ICan

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  48. @Mannwich:

    We subsidized farmers, and we still have in-country farming.

    We didn't subsidize chip manufacturers.

    We didn't subsidize telephone operators.

    We didn't subsidize BIOS developers.

    We didn't subsidize microcircuit layout designers.

    And the list goes on, and the list goes on.

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  49. @ICan
    I'm getting pretty good at accents now. An Indian friend and I go out to lunch, he's my coach, and when we practice, we do get a few eyebrows lifted.

    I can do some Singlish too. A little Malay, a little Mandarin, some english, and "La" at the end. It helps to have marbles in your cheeks, though.

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  50. Agreed Rock. Like Thor, I'm not necessarily against subsidies that protect our people in this country, but just reiterating the inconsistency and intellectual dishonesty about this topic by many of those on the Right.

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  51. Well the market seems to like the Egyptian news - no surprise there

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  52. The Market Love EverythingFebruary 11, 2011 at 3:02 PM

    Thor - It seems the market is a hopeless romantic and is in love with everything.

    Good news up, bad news up, old news up, no news up.

    Someone gave this market an extra dose of Extasy.

    Mutt

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  53. Congratulations to the courageous Egyptian people indeed! Hopefully they'll build a stable system where the masses can share in the profits of a successful economy.

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  54. We can only hope more people will wake up to the unfairness of their conditions. Hopefully for them, they'll have technology on their side this time.

    A revolution with Android devices wouldn't have taken that long.

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  55. One less sucker.

    The world is better today.
    Dan

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  56. Nobody mentioned the Nokia deal with Microsoft? Nokia finally abandoning (at least partially) its Symbian OS, in favor of Windows Phone...

    Hard to imagine a decent future for Nokia, until today. But clearly now we know they have none.

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  57. About Nokia/Microsoft deal, loved that quote:

    "The cynics would say that, here, we have two lumbering dinosaurs of the technology world clinging to each other hoping that the other gives them a future."
    From WSJ.

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  58. 'Night all. Must reload my batteries. More robot work to do tomorrow.

    BTW, don't mean no disrespect to people who actually work full time at unskilled jobs. Quite the contrary, in fact I find it needs quite some will to do such repetitive work, every day of your life (compared to more "skilled", self-fulfilling jobs). Makes me sad for those stuck in such positions actually..

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  59. Thor:couldn't let your daily iPhone riot unanswered right? ;) keep it coming though!

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  60. Wolfie - hah, no worries, I love our iPhone vs Android teasing! ;-)

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  61. @Wolfstreet....friends don't let friends use Android.

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