Google – Turns the Page

Duderstadt Center "The Dude", which ...
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Meet Google’s new CEO

Larry Page
Co-Founder and President, Products

Larry Page was Google’s founding CEO and grew the company to more than 200 employees and profitability before moving into his role as president of products in April 2001. He continues to share responsibility for Google’s day-to-day operations with Eric Schmidt and Sergey Brin.

The son of Michigan State University computer science professor Dr. Carl Victor Page, Larry’s love of computers began at age six. While following in his father’s footsteps in academics, he became an honors graduate from the University of Michigan, where he earned a bachelor’s degree in engineering, with a concentration on computer engineering. During his time in Ann Arbor, Larry built an inkjet printer out of Lego™ bricks.

While in the Ph.D. program in computer science at Stanford University, Larry met Sergey Brin, and together they developed and ran Google, which began operating in 1998. Larry went on leave from Stanford after earning his master’s degree.

In 2002, Larry was named a World Economic Forum Global Leader for Tomorrow. He is a member of the National Advisory Committee (NAC) of the University of Michigan College of Engineering, and together with co-founder Sergey Brin, Larry was honored with the Marconi Prize in 2004. He is a trustee on the board of the X PRIZE, and was elected to the National Academy of Engineering in 2004.

and no coincidence but it reminded me of the Metallica video- Turn the Page. Forgive the Pun, herr Eric

https://www.youtube.com/watch?v=dOibtqWo6z4

America's Data Book: Census Abstract 2011

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An excellent summary of 2011 Census Statistical abstract was given by NYTimes at

http://www.nytimes.com/interactive/2011/01/07/us/CENSUS.html?hp

Like more white people now enjoy jazz than black people now (presumably who have got rap music), but not details enough on ahem country music

The Data book is at http://www.census.gov/compendia/statab/

What is the Statistical Abstract?

The Statistical Abstract of the United States, published since 1878, is the authoritative and comprehensive summary of statistics on the social, political, and economic organization of the United States.

Use the Abstract as a convenient volume for statistical reference, and as a guide to sources of more information both in print and on the Web.

Sources of data include the Census Bureau, Bureau of Labor Statistics, Bureau of Economic Analysis, and many other Federal agencies and private organizations.

Tables of Interest

1060 – Shopping Centers–Number and Gross Leasable Area [Excel 31K] | [PDF 59K]

1170 – Flow of Funds Accounts-Liabilities of Households and Nonprofit Organizations [Excel 41K] | [PDF 66K]

1172 – Amount of Debt Held by Families-Percent Distribution [Excel 29K] | [PDF 66K]

1173 – Ratios of Debt Payments to Family Income [Excel 857K] | [PDF 64K]

327 – Law Enforcement Officers Killed and Assaulted [Excel 34k] | [PDF 468k]

From the last table you can see , while the number of officers killed or feloniously killed decreased by 20% in past five years, the number of officers assaulted by firearms grew by 20% in the same period.

Checks in the mail more effective checks to your pay

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NBER (whose excellent monthly newsletter I subscribe to- among others) http://www.nber.org/ in a recent paper claims that cheque in mails (one time) sare better spent than monthly pay increases.

I wonder what this conclusion can be used for in designing annual bonuses versus higher pay in private sector compensation- but people do seem happier receiving a bigger one time boost than 12 small mini boosts.

 

http://papers.nber.org/papers/w16246

Check in the Mail or More in the Paycheck: Does the Effectiveness of Fiscal Stimulus Depend on How It Is Delivered?

use a mirror
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download in pdf format
(176 K)

email paper

Claudia R. Sahm, Matthew D. Shapiro, Joel Slemrod

NBER Working Paper No. 16246
Issued in July 2010
NBER Program(s):   EFG ME PE

An NBER digest for this paper is available.

Recent fiscal policies have aimed to stimulate household spending. In 2008, most households received one-time economic stimulus payments. In 2009, most working households received the Making Work Pay tax credit in the form of reduced withholding; other households, mainly retirees, received one-time payments. This paper quantifies the spending response to these different policies and examines whether the spending response differed according to whether the stimulus was delivered as a one-time payment or as a flow of payments in the form of reduced withholding. Based on responses from a representative sample of households in the Thomson Reuters/University of Michigan Surveys of Consumers, the paper finds that the reduction in withholding led to a substantially lower rate of spending than the one-time payments. Specifically, 25 percent of households reported that the one-time economic stimulus payment in 2008 led them to mostly increase their spending while only 13 percent reported that the extra pay from the lower withholding in 2009 led them to mostly increase their spending. The paper uses several approaches to isolate the effect of the delivery mechanism from the changing aggregate and individual conditions. Responses to a hypothetical stimulus in 2009, examination of “free responses” concerning differing responses to the policies, and regression analysis controlling for individual economic conditions and demographics all support the primary importance of the income delivery mechanism in determining the spending response to the policies.

This paper is available as PDF (176 K) or via email.

Machine-readable bibliographic record – MARC, RIS, BibTeX

China -United States -The Third Opium War

U.S.troops in China during the Boxer Rebellion...
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A brief glance through http://www.treasury.gov/resource-center/data-chart-center/tic/Documents/mfh.txt

shows that while US added 600 billion of debt during the past one year, the Chinese actually reduced their exposure by 50 billion Dollars.

so who has been financing the debt for the US for the past one year- It is Japan- eager to keep its currency down and United Kingdom which has pumped in an extra 300 billion of T Bills.

See the whole table at official link above or at goo.gl/qMugp

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China still remembers the Opium Wars in which the then ruling Anglo Saxon superpower used naval superiority to enforce trade and eventual political dependency. Is China unsure of the United States brotherly nice  intentions? They certainly seem to be putting their money that way.

http://en.wikipedia.org/wiki/Opium_Wars

Britain forced the Chinese government into signing theTreaty of Nanking and the Treaty of Tianjin, also known as the Unequal Treaties, which included provisions for the opening of additional ports to unrestricted foreign trade, for fixed tariffs; for the recognition of both countries as equal in correspondence; and for the cession of Hong Kong to Britain. The British also gained extraterritorial rights. Several countries followed Britain and sought similar agreements with China. Many Chinese found these agreements humiliating and these sentiments contributed to the Taiping Rebellion (1850–1864), the Boxer Rebellion (1899–1901), and the downfall of the Qing Dynasty in 1912, putting an end to dynastic China.

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The Koreans can always be depended on provide the first shot in any conflict- and though Anglo-US-Chinese conflict would be expensive- I guess as long as the cost of outstanding debt with China is less than cost of a brief -techno-war , we would see interesting games in this neighborhood. Note China restricts major trade with United States particularly in software, internet services (like Web Advertising, Facebook, Twitter ) and represents a lucrative market for big pharma (especially in psychiatric drugs) and big tech once it reforms its intellectual property rights. Software would be the opium of the 21st Century- if Chinese resist the Treasury Bills as their poppy flowers. The widespread Western media coverage of school kids murders by pyschopaths is also a trade tactic to encourage flow of more US made medicine in the Chinese market.

It would also help create an economic revival in the United States to exaggerate the Chinese threat (remember Sputnik) and build up its own cyber spending. Any military or cyber humiliation for the ruling party in China can help create a political vacuum for more malleable and agreeable alternatives to emerge.

(to be continued)

 

American Decline- Why outsourcing doesnt make sense

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Here is a celebrated graphic from an American journalist using U.S. Department of Labor’s Bureau of Labor Statistics. It is a good example of using time as a dimension for animation- and heat maps for geography enabled visualizations.

————————–According to the U.S. Department of Labor’s Bureau of Labor Statistics, there are nearly 31 million people currently unemployed — that’s including those involuntarily working part time and those who want a job, but have given up on trying to find one. In the face of the worst economic upheaval since the Great Depression, millions of Americans are hurting. “The Decline: The Geography of a Recession,” as created by labor writer LaToya Egwuekwe, serves as a vivid representation of just how much. Watch the deteriorating transformation of the U.S. economy from January 2007 — approximately one year before the start of the recession — to the most recent unemployment data available today. Original link: http://www.latoyaegwuekwe.com/geographyofarecession.html. For more information, email latoya.egwuekwe@yahoo.com

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31 million unemployed- Does a US corporation seriously think that it can build everything OUTSIDE America and SELL INSIDE America. or who think it is okay intellectual property continues to be stolen as long as labor is cheap.

Shame on you if you outsourced your neighbour’s jobs- or would rather hire in a geography where they steal your intellectual property.

 

This Christmastime – May the Ghost of  the Unemployed Family Christmases visit you in your sleep instead.

Interview Jamie Nunnelly NISS

An interview with Jamie Nunnelly, Communications Director of National Institute of Statistical Sciences

Ajay– What does NISS do? And What does SAMSI do?

Jamie– The National Institute of Statistical Sciences (NISS) was established in 1990 by the national statistics societies and the Research Triangle universities and organizations, with the mission to identify, catalyze and foster high-impact, cross-disciplinary and cross-sector research involving the statistical sciences.

NISS is dedicated to strengthening and serving the national statistics community, most notably by catalyzing community members’ participation in applied research driven by challenges facing government and industry. NISS also provides career development opportunities for statisticians and scientists, especially those in the formative stages of their careers.

The Institute identifies emerging issues to which members of the statistics community can make key contributions, and then catalyzes the right combinations of researchers from multiple disciplines and sectors to tackle each problem. More than 300 researchers from over 100 institutions have worked on our projects.

The Statistical and Applied Mathematical Sciences Institute (SAMSI) is a partnership of Duke University,  North Carolina State University, The University of North Carolina at Chapel Hill, and NISS in collaboration with the William Kenan Jr. Institute for Engineering, Technology and Science and is part of the Mathematical Sciences Institutes of the NSF.

SAMSI focuses on 1-2 programs of research interest in the statistical and/or applied mathematical area and visitors from around the world are involved with the programs and come from a variety of disciplines in addition to mathematics and statistics.

Many come to SAMSI to attend workshops, and also participate in working groups throughout the academic year. Many of the working groups communicate via WebEx so people can be involved with the research remotely. SAMSI also has a robust education and outreach program to help undergraduate and graduate students learn about cutting edge research in applied mathematics and statistics.

Ajay– What successes have you had in 2010- and what do you need to succeed in 2011. Whats planned for 2011 anyway

Jamie– NISS has had a very successful collaboration with the National Agricultural Statistical Service (NASS) over the past two years that was just renewed for the next two years. NISS & NASS had three teams consisting of a faculty researcher in statistics, a NASS researcher, a NISS mentor, a postdoctoral fellow and a graduate student working on statistical modeling and other areas of research for NASS.

NISS is also working on a syndromic surveillance project with Clemson University, Duke University, The University of Georgia, The University of South Carolina. The group is currently working with some hospitals to test out a model they have been developing to help predict disease outbreak.

SAMSI had a very successful year with two programs ending this past summer, which were the Stochastic Dynamics program and the Space-time Analysis for Environmental Mapping, Epidemiology and Climate Change. Several papers were written and published and many presentations have been made at various conferences around the world regarding the work that was conducted as SAMSI last year.

Next year’s program is so big that the institute has decided to devote all it’s time and energy around it, which is uncertainty quantification. The opening workshop, in addition to the main methodological theme, will be broken down into three areas of interest under this broad umbrella of research: climate change, engineering and renewable energy, and geosciences.

Ajay– Describe your career in science and communication.

Jamie– I have been in communications since 1985, working for large Fortune 500 companies such as General Motors and Tropicana Products. I moved to the Research Triangle region of North Carolina after graduate school and got into economic development and science communications first working for the Research Triangle Regional Partnership in 1994.

From 1996-2005 I was the communications director for the Research Triangle Park, working for the Research Triangle Foundation of NC. I published a quarterly magazine called The Park Guide for awhile, then came to work for NISS and SAMSI in 2008.

I really enjoy working with the mathematicians and statisticians. I always joke that I am the least educated person working here and that is not far from the truth! I am honored to help get the message out about all of the important research that is conducted here each day that is helping to improve the lives of so many people out there.

Ajay– Research Triangle or Silicon Valley– Which is better for tech people and why? Your opinion

Jamie– Both the Silicon Valley and Research Triangle are great regions for tech people to locate, but of course, I have to be biased and choose Research Triangle!

Really any place in the world that you find many universities working together with businesses and government, you have an area that will grow and thrive, because the collaborations help all of us generate new ideas, many of which blossom into new businesses, or new endeavors of research.

The quality of life in places such as the Research Triangle is great because you have people from around the world moving to a place, each bringing his/her culture, food, and uniqueness to this place, and enriching everyone else as a result.

Two advantages the Research Triangle has over Silicon Valley are that the Research Triangle has a bigger diversity of industries, so when the telecommunications industry busted back in 2001-02, the region took a hit, but the biotechnology industry was still growing, so unemployment rose, but not to the extent that other areas might have experienced.

The latest recession has hit us all very hard, so even this strategy has not made us immune to having high unemployment, but the Research Triangle region has been pegged by experts to be one of the first regions to emerge out of the Great Recession.

The other advantage I think we have is that our cost of living is still much more reasonable than Silicon Valley. It’s still possible to get a nice sized home, some land and not break the bank!

Ajay– How do you manage an active online social media presence, your job and your family. How important is balance in professional life and when young professional should realize this?

Jamie– Balance is everything, isn’t it? When I leave the office, I turn off my iPhone and disconnect from Twitter/Facebook etc.

I know that is not recommended by some folks, but I am a one person communications department and I love my family and friends and feel its important to devote time to them as well as to my career.

I think it is very important for young people to establish this early in their careers because if they don’t they will fall victim to working way too many hours and really, who loves you at the end of the day?

Your company may appreciate all you do for them, but if you leave, or you get sick and cannot work for them, you will be replaced

. Lee Iacocca, former CEO of Chrystler, said, “No matter what you’ve done for yourself or for humanity, if you can’t look back on having given love and attention to your own family, what have you really accomplished?” I think that is what is really most important in life.

About-

Jamie Nunnelly has been in communications for 25 years. She is currently on the board of directors for Chatham County Economic Development Corporation and Leadership Triangle & is a member of the International Association of Business Communicators and the Public Relations Society of America. She earned a bachelor’s degree in interpersonal and public communications at Bowling Green State University and a master’s degree in mass communications at the University of South Florida.

You can contact Jamie at http://niss.org/content/jamie-nunnelly or on twitter at

China biggest threat to Indian Software in 5 years: Indian Tech CEO

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An interview with a noted Indian Software CEO, mentions China the possible biggest threat in next 5 years at  http://www.thehindubusinessline.com/2010/10/13/stories/2010101353180700.htm

 

China could be the biggest threat to India in next five years, positioning itself as the lowest-cost manpower supplier in the IT sector by 2015, according to Mr Vineet Nayar, CEO, HCL Technologies.

“I believe it (China) is the biggest threat in the next five years that we are going to face…So India will have to up its game,” he told reporters on sidelines of ‘Directions’, the company’s annual town hall.

Terming China, as both “threat and opportunity”, Mr Nayar said that India will have to find alternate “differentiators” than the ones it currently has. Despite issues of language and the purported inability to scale-up, China has sharpened its technological and innovation edge, he added.

“Look at the technology companies from China…how does that fit in with the assumption that they (China) do not understand English or technology. They are producing cutting edge technology at a price which is lower than everyone else,” he said.

Manpower

By 2015, Mr Nayar said, China will be the lowest cost manpower supplier in IT sector to the world

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I wonder how he did his forecast. Did he do a time series analysis using a software, did he peer into his crystal ball, or did he spend a lot of time brainstorming with his strategic macro economic team on Chinese threat.

China has various advantages over India (and in fact the US)-

1) Big pool of reliable scientific manpower

2) State funded education in higher studies and STEM

3) Increasing exposure with the West-English speaking is no longer an issue. Almost 50 % of Grad Students in the US in STEM and certain sectors are Chinese and they not only retain fraternal ties with the motherland- they often remain un-assimilated with American Culture mainstream. or they have a separate interaction with fellow American Chinese and seperate with American Americans.

Chinese suffer from some disadvantages in software-

1) Communism Perception- Just because the Govt is communist and likes to confront US once a year (and India twice a month)- is no excuse for the hapless Chinese startup guy to lose out on software outsourcing contracts. unfortunately there have been reported cases where sneak codes have been inserted in code deliverables for American partners, just like American companies are forced to work with DoD (especially in software, embedded chips and telecom)

If you have 10000 lines of code delivered by your Chinese partner, how sure are you of going through each line of code for each sub routine or call procedure.

2) English- Chinese accent is like Chinese cooking. Unique- many Chinese are unable to master the different style of English even after years (derived from Latin and Indo European class of languages)

Sales jobs tend to go to American trained Chinese or to Westerners.

In Indian software companies, accent is a lesser problem.

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The biggest threat to Indian software in 5 years is actually Indian software itself- Can it evolve and mature to a product based model from a service only model.

Can Indian software partner with Chinese companies and maybe teach the Indian government why friendship is more profitable than envy and suspicion. If the US and China can trade enormously despite annual tensions, why cant Indian services do the same- if they lose this opportunity, US companies will likely bypass them and create the same GE/McKinsey style backoffices that started the Indian offshoring phenomenon.

3) Lastly- what did the poor American grad student do to deserve that even if devotes years to study STEM (and being called a Geek and Nerd) his job will get outsourced to India or China (if not now- in his 30s or worse in his 40s). Talk to any middle aged IT chap in the US who is middle class- and India and China would figure in why he still worries about his overpriced mortgage.

Unless the US wants only Twitter and Facebook as dominant technologies in the 21 st century.

Amen.