Results matching “stock market” from Ye Olde Rad Blog III

I'm reluctant to republish the content of others (as so many sites already do), but .. I found it interesting & noteworthy that » Microsoft has acknowledged Linux as a threat .. especially since I spent so many hours in Linux these past few weeks (learning the Unix shell)

Copy-n-paste snippet (minor Rad-editing for brevity):

"Microsoft acknowledges Linux as the first viable competitor to its Windows client business, due to the use of Linux on netbooks, which are rising in prominence as an alternative to full-sized notebooks.

Microsoft cited Red Hat and Canonical -- the latter of which maintains the Ubuntu Linux distribution -- as competitors to its client business, which includes the desktop version of its Windows OS." </snippet>

Notice how the article said » DESKTOP, and not server. Linux has long been a dominant force in the server market (.. if not the dominant force).

It's difficult to describe why Linux is so cool .. why using it feels so fresh & clean. But I think it has something to do with the good intentions .. that come from thousands of talented programmers donating their time & expertise .. to bring you (for free) an operating system they obviously believe in.

I might be imagining it, but I think you can actually feel these good intentions (while using Linux). Can you feel the difference (in intentions) between someone who genuinely loves you, and someone who is paid to love you?

Moreover, I feel our economy has a lot to do with the Linux threat to the Microsoft desktop. No matter how compelling the product, basic economics suggest it's hard to compete with free. (Which Windows is not.) And in these troubled economic times, free means more than it used to.

Woke at midnight .. to a disturbing dream. (Didn't get back to sleep 'til 3:30.) Like any artist familiar with affliction, I didn't wanna let good angst go to waste. So I fired up the laptop and resumed my study of the UNIX shell.

Somewhere 'round 2AM I stumbled upon » The Art of Unix Programming (» book at Amazon.com), by Eric Steven Raymond. (Tho I can't recall how I got there.) He's the guy who wrote How to Become a Hacker, which I quote from time to time.

In his treatment of Unix Programming, ESR uses words like culture & philosophy .. which caught my attention .. cuz I've always been fascinated by other cultures .. not so much for the better/worse comparative aspects, but rather for the mind-expanding effect one gets from truly seeing the world from another's perspective. Plus he writes well (or has a good editor), which I appreciate. Couldn't stop reading.

Here are 10 statements/ideas I found particularly interesting and revealing. Perhaps you might also. (Minor Rad editing for brevity.)

• Unix was born in 1969. That's several geologic eras by computer-industry standards -- older than the PC or workstations or microprocessors or even video display terminals.
  
  
• Few software technologies have proved durable enough to evolve strong technical cultures, transmitted across generations of engineers. Unix is one. The Internet is another. Arguably they're one and the same.
  
  
• Unix has supported more computing than all other systems combined. It has found use on a wider variety of machines than any other operating system - from supercomputers to handhelds & embedded networking hardware, through workstations & servers, PCs & minicomputers. In its present avatars as Linux, BSD, MacOS X & a half-dozen other variants, Unix today seems stronger than ever.
  
  
• Unix's durability & adaptability have been astonishing. Other technologies come and go like mayflies. Machines have increased in power a thousandfold, languages have mutated, industry practice has gone through multiple revolutions. Still, Unix hangs in there, producing, paying the bills, and commanding loyalty from the best and brightest software minds on the planet.
  

Frontline is my favorite TV show. I like the way they take the viewer inside places we'd normally never be permitted. (Deep inside.) And I like their understated narrator » Will Lyman.

Yesterday they released a documentary titled » Inside the Meltdown. One of the most hair-raising programs I've seen.

Many smart people (and very highly-paid, too) were so enchanted by the glitter that they apparently failed to notice they were undermining the foundations of our economy. (Or maybe they did notice, but didn't care.)

Sad. Tragic. Disturbing.

Speaks volumes about certain parts of our culture and its priorities .. where profit-n-loss usurp right-n-wrong .. and even common sense gets shoved aside .. when there's money to be made. These people give capitalism a bad name.

It wasn't like nobody saw this coming, or didn't try to stop it. The Chairman of the FDIC, Sheila Bair, was one of those waving a red flag far back as 2001 regarding a potential crisis in the subprime market. (That had to be a frustrating experience.)

If you play the video-excerpt posted on THIS page, you'll hear Sheila say (in her own words):

"For years there were bills in congress to try to address 'predatory lending'. They just couldn't get the political momentum to get anything done. And I think that's because everybody was making money. It's very difficult to get the political will in Washington to move when everybody is making a profit."

On THIS page, we read reports of Bernanke telling members of Congress things like, "After today, we won't even discuss the Great Depression, because this is much worse. Nothing like this has ever happened before."

The new term we learn is » moral hazard (or lack thereof) .. tho I don't see how 'morals' has anything to do with it.

The big day came on Monday September 29, 2008, when the Dow plunged 777 points, its biggest-ever single-day drop .. shortly after the government (suffering from bail-out fatigue) let Lehman Bros fail.

Watch the remarkable hour-long special » HERE. What a picture it paints of how close to the edge we live, and the condition of our (fracturing) economic foundations.

Statistics suggest 2008 was the worst year most Americans can recall .. with stocks posting their biggest annual drop since the Great Depression. (Only 1907 and 1931 posted bigger negatives.)

People who work with such statistics seem to agree things will likely worsen before they improve. Exactly how much worse is, of course, the source of much speculation. (Because nobody knows for sure.)

From what I've gathered (in talking and listening), most people are hoping for the best, but "preparing for the worst," which means they're buying nothing but essentials (.. further depressing the economy).

Might be worth noting that the worst year most Americans will ever see would still represent the best year for people living in many other parts of the world. So the terms 'worst' and 'best' are relative. (Important we maintain perspective.)

Interesting that (as someone recently noted) bin Laden's aim in targeting the World Trade Center towers was to criple the US economy .. (cuz that's how they defeated the mighty Soviet Red Army in Afganistan).

Another thing I find interesting is that everybody now claims to have seen it coming. Even at the coffee shop, I hear people saying things like, "Everybody knew this was coming. No big surprise."

Ordered more memory/RAM today .. for my laptop. Currently have installed 512-MB (2x256 SODIMMs), but this thing is painfully slow. (Wait, yawn, then wait some more.)

Can't believe it was so cheap » $21 for a full gig. I bought two sticks. So I'll soon be upgrading .. to 2 full gigs (which is the max my laptop can handle). Woohoo!

I read somewhere the bottom fell out of the memory market, due to severe oversupply. So now would be a good time to stock up on the max your system can handle. Plus, RAM upgrades are stupid-easy. (Pop-out old, pop-in new.)

Whilst in the upgrade-mood, I also ordered a new hard drive. Currently have a 60-gigger installed (chock-full o' krap).