Robert Scheer wants A higher tax on all your houses. "An amazing thing happened on the way to the California recall: Someone spoke the truth about the state's financial predicament. Billionaire investor Warren Buffett, ballyhooed as a top economic advisor to Arnold Schwarzenegger, told the Wall Street Journal that property taxes in California are ridiculously low. He's right." You bet. Not only was Warren named Fortune Magazine's "most powerful person in business", but he's a plain talking California homeowner.
James Dunnigan: The Great Blackout of 2003 and the Situation in North Korea. Yeah, these subjects do have something to do with each other; read James' post. It does appear that the situation in North Korea is unstable and coming to a head.
There is a lot of buzz around Mazda's new RX-8. Paul Boutin raves about it in Slate. Warren Brown in the WP calls it "transcendental". And I drive a twelve-year old Lexus coupe which may need replacing someday. Hmmm....
You know how I always say "anytime you read about something you know, they get it wrong"? Well here's another example. Intuit just announced their fourth quarter results (their fiscal year end is July), and every headline said "Intuit reports lower fourth-quarter loss". Not one of these reporters got the real story, which is that Intuit had a killer quarter to cap a killer year. Intuit always loses money in the fourth quarter, they have some very cyclical businesses like tax preparation. What matters is their numbers relative to last year's quarter, and the full-year results. You would think at least one of these reporters would get this, but sadly, no.
Interesting article in Canada's National Post about Lifting the veil on gender apartheid. I didn't know this, but apparently the Islam jihab (headgear) which women wear is a recent invention, circa 1970, and has nothing to do with Islam as a religion. Fascinating...
David Hornik discusses The Summer Slowdown, and has "a feeling that this fall is going to be an excellent time for startups to raise money." So be it :)
Now this is special; movie executives are blaming teenagers' text messaging for this summer's flops. "In Hollywood, 2003 is rapidly becoming known as the year of the failed blockbuster, and the industry now thinks it knows why... The problem, they say, is teenagers who instant message their friends with their verdict on new films - sometimes while they are still in the cinema watching - and so scupper carefully crafted marketing campaigns designed to lure audiences out to a big movie on its opening weekend." What BS. The problem is that the movies are no good. Period. Watch what happens at the end of the year when Matrix Revolutions comes out, or Harry Potter III, or LOTR Return of the King.
Are you ready for some football? Nah, I'm not ready yet, either. But the 48th Carnival of the Vanities has a football theme; check it out. This is a great way to meet some new blogs.
Pito Salas wonders Can your mother use RSS? Which is a great thing to wonder, because as he points out it isn't necessary to understand something in order to use it. Many people use email every day without the slightest knowledge of POP, SMTP, IMAP, MIME, or any of the other underlying protocols. So the real question is "Can your mother use an RSS reader"? In my case the answer is yes, your mileage may vary :)