C is for Corporate Malfeasance

In a comment thread from an article on backlash against The Muppets movie, Cookie Monster took the opportunity to explain what the Occupy Wall/Sesame Street is all about, as only Cookie Monster can (emphasis mine):

Yes, there always going to be rich and poor. But we used to live in country where rich owned factory and make 30 times what factory worker make. Now we live in country where rich make money by lying about value of derivative bonds and make 3000 times what factory worker would make if factories hadn’t all moved to China.

Capitalism great system. We won Cold War because people behind Iron Curtain look over wall, and see how much more plentiful and delicious cookies are in West, and how we have choice of different bakeries, not just state-owned one. It great system. It got us out of Depression, won WWII, built middle class, built country’s infrastructure from highways to Hoover Dam to Oreo factory to electrifying rural South. It system that reward hard work and fair play, and everyone do fair share and everyone benefit. Rich get richer, poor get richer, everyone happy. It great system.

Then after Reagan, Republicans decide to make number one priority destroying that system. Now we have system where richest Americans ones who find ways to game system — your friends on Wall Street — and poorest Americans ones who thought working hard would get them American dream, when in fact it get them pink slip when job outsourced to 10-year-old in Mumbai slum. And corporations have more influence over government than people (or monsters).

It not about rich people having more money. It about how they got money. It about how they take opportunity away from rest of us, for sake of having more money. It how they willing to take risks that destroy economy — knowing full well that what could and would happen — putting millions out of work, while creating nothing of value, and all the while crowing that they John Galt, creating wealth for everyone.

That what the soul-searching about. When Liberals run country for 30 years following New Deal, American economy double in size, and wages double along with it. That fair. When Conservatives run country for 30 years following Reagan, American economy double again, and wages stay flat. What happen to our share of money? All of it go to richest 1%. That not “there always going to be rich people”. That unfair system. That why we upset. That what Occupy Sesame Street about.

He/it goes on…

Oil companies get share of our money. It called subsidy. Bankers get share of our money. It called bailout. Defense contrators get share of our money. It called no-bid contract.

If you got rich legitimately – not by gaming stock market or taking advantage of loophole, but by selling product people want to buy – you got rich because of government. Government paved roads you ship products on. Government give your warehouse police and fire protection. Government educate every single person who work for you. Government keep air and water clean and products safe so customers not die before time. Government make sure everyone have comfortable retirement, so they have money to spend on product and not just cat food.

And when me say “government”, me mean “everyone in America”. Because that what government is – it everyone in America pooling resources to provide for greater good. Without that sharing of resources, we not have army, we not have highways, we not put man on moon.

In theory, this country a democracy, where everyone who share resources also have say in how resources used. In practice, ordinary monster have very little say, and super-rich basically do whatever they want and make government do whatever they want. In theory, we have system where everyone pool resources and everyone benefit. In reality, we have system where everyone pool resources, and richest 1% benefit far out of proportion to rest of us.

As me already say, no one using “other people have more money than me” as rallying cry. No one. Me suppose me have to repeat that several times, but as me learn on Sesame Street, repetition is only way to get preschooler to learn, or someone with preschool level of understanding.

[via SF Weekly]

What Netflix Could’ve Said

The pivot Netflix has undertaken has been wrought with shortcomings and misteps, none of which are necessarily the pivot itself. The most aggregious is it’s failure to effectively communicate to it’s customers. Apple Outsider outlines just how easy that could’ve been to correct.

That’s why today we’re announcing significant changes to our company. First, we are renaming the DVD by mail business to Netflix Classic. This is the same DVD rental service you’re used to, but it’s more than just a name: Netflix Classic is a new company, operating independently as a subsidiary of Netflix.

Moving forward, Netflix as a company will be dedicated to streaming media. This is a realization of our original vision, and of the company’s name: watching movies over the Internet. The Netflix.com website and mobile apps will exclusively service our streaming library. DVD members will manage their queues at classic.netflix.com.

If you subscribe to both services, you’ll see two charges on your credit card instead of one, but you’ll pay the same total amount per month you do now. This, along with our recent pricing changes, is just a necessary outcome from creating two separate companies. DVD members will of course still receive the same red Netflix envelope that has been familiar to them all these years.

Trulia: International House Hunters

The combination of weakening U.S. currency and plummeting home prices have made American residential real estate very popular with foreign investors, to the tune of $41 billion in purchases in 2010.

Trulia has taken their property search data and mapped out which parts of the U.S. have been most popular with the outside world.

[via @ktezak]

It doesn’t drop calls

The New York Times’ Tech columnist, David Pogue, puts the brand new Verizon iPhone through its paces.

And to answer everyone’s question, the Verizon iPhone is nearly the same as AT&T’s iPhone 4 — but it doesn’t drop calls. For several million Americans, that makes it the holy grail.

I took the Verizon iPhone to five cities, including the two Bermuda Triangles of AT&T reception: San Francisco and New York. Holding AT&T and Verizon iPhones side by side in the passenger seat of a car, I dialed 777-FILM simultaneously, and then rode around until a call dropped. (Why that number? Because I wanted to call a landline, eliminating the other person’s cell reception from the equation. Also, Mr. Moviefone can carry the entire conversation by himself, so I could concentrate on the testing.)

In San Francisco, the AT&T phone dropped the call four times in 30 minutes of driving; the Verizon phone never did. The Verizon iPhone also held its line in several Manhattan intersections where the AT&T call died. At a Kennedy airport gate, the AT&T phone couldn’t even find a signal; the Verizon dialed with a smug yawn.

Most impressively, the Verizon iPhone effortlessly made calls in the Cellphone Signal Torture Chamber of Doom: my house.

[via @zeldman]

Super Bowl MVP, Groupon

MSNBC’s Lawrence O’Donnell paints a different picture of the value of the Groupon ads that have received so much criticism.

Mint.com Offers Personal Finance Curriculum To Students

Personal finance tool Mint.com is trying to fill in a massive void by partnering with Scholastic to provide personal finance education to American youth. Hopefully this will lead to improved overall financial literacy, an area we are strongly lacking in.

[via TechCrunch]

85% Of Americans Can’t Answer Basic Financial Literacy Questions

The FINRA Investor Education Foundation has put together a survey of 5 basic financial literacy questions and 85% of Americans have gotten at least 1 question wrong. That’s not good. Just another reason we need to have basic personal finance classes taught in U.S. junior highs and high schools.

[via BI]

Step function growth

Chris Dixon talks about company/website growth in steps:

Growth comes in steps. There’s a big event. Shaq joins Twitter and brings his fans with him. There’s a spike. Things calm down, but they don’t go down. Then a plane lands in the Hudson. Another spike. Things calm down, but they don’t go down.

Hybrid vs. Truck sales

Inspired by a story on Jalopnik, Mike Kruzensiski explored the trends in hybrid cars and truck sales in the U.S. The results aren’t pretty, but at least they’re trending in the right direction.

[via Gruber]

BankSimple soft launch

BankSimple has launched their preview site to introduce their full product which is expected to go live sometime (hopefully early) in 2011.

[via Hacker News]