The idea of banks as utilities previously discussed here and here.
February 2009
I’ve been thinking about this a lot and I think it defines the difference between the US consumer / economy and the rest of the world going forward. Since WWII and more so since 1981 / Reagan, US growth has been fueled by massive expansions in public and private debt. I don’t think that pace will continue for at least one generation, probably two - it took fifty-plus years after 1929 for the party to really start going again. I’m not saying ‘it’s different this time,’ I’m saying it wasn’t different the last few decades and we are now paying the price.
Marco wrote:
This is exactly the rationale behind using reblogs as a means of debate and discussion.
The main reason I don’t allow comments is that I want to inspire debate. I think people do their best writing when they’re forced to defend their ideas on their own turf. It’s one thing to leave a comment on someone else’s blog, but quite another to put your argument in front of your own readers. It forces a level of consideration that, without fail, results in a higher quality exchange of ideas. —Alex Payne
No, reblogs do not serve as suitable “means of debate and discussion” in the same manner as comments.
Marco, I love Tumblr and believe it to be spectacular in how polished and fantastic a platform can be. And uncanny how just about every feature request I’ve desired has become implemented in a quality fashion. But reblogging is a poor substitute for commenting.
- Reblogged posts are “tied” to a specific format. For instance, this very “quote” post, that I attempted to reblog, but I had to create as a “text” post, due to formatting concerns (as rendering this very text as a “quote source” would be an aesthetic abomination). Granted, might only be an issue for some Tumblr setups, but semantically, it makes sense that a photo caption or quote would be expounded upon in a lengthier post format.
- Most reblogs are verbatim reproductions of the original post. A phenomenon that might be alleviated somewhat with the advent of the Tumblr “likes” feature, but I still see a great bit of reblogging that is of a “repeat only” nature. And it may not be evident from the Tumblr staff post reblogs, which are more likely to have additional text tacked on.
- Unlike comments, following a reblog response stream is a tedious affair. Simple “he said, she said” encounters are simple, but a “thread” that winds its way through dozens of posters is cumbersome to traverse. Originally, when it was apparent that Tumblr would make the reblog the engine to accomodate reader feedback, I figured down the road would be a novel, nifty interface to facilitate that “follow flow”.
- Institution of a responder wall of segregation. Readers who don’t have Tumblr accounts are silenced. Perhaps somebody who stumbles across a post has something of great value to add to the discussion (or the referenced article or source) does not wish to become a Tumblr creator, but is impelled to add an informed take.
Yes, I concede to all the considerations the anti-comment comment crowd casts — spam, the hateful ad hominem attacks, name calling, etc.…
And despite my Tumblr contrarian beliefs on comments philosophy, it’s really not a big deal for the simple truth that if a reader is so alarmed and stricken to respond, she can create a Tumblr log of her own (or WordPress/Blogger blog, Google page, etc.…) in less than 10 minutes to obtain a means of dissent.
Excellent summary.
Why is it called a turkey?
The term dates back to before the turn of the 20th century. In those years, scoring was much more difficult and to get three strikes in a row was quite an achievement. During Thanksgiving or Christmas week, the proprietor would present a live turkey to the first person on each team who scored three consecutive strikes. The term has carried over ever since.
i like “carbaminohemoglobin” and “scattered”
hence my blog name.
sponge and box
Defenestrate.
Scandal
Superfluous.
atrocious
Unununium - 111th element on the periodic table
et cetera - it’s technically two, and it’s technically Latin. But I love it.
capricious
Gizmo.
Probabilistically.
This is such a huge number, I don’t think I understand it.
Anyone else’s dashboard acting up a little? Posts disappearing and reappearing?
(via alexbalk)
I’d be interested to hear one of you financial people’s take on this. Chris maybe? -M
My guess is this won’t work because the people AmEx is likely to offer this to won’t be able to get a new credit card and do a balance transfer right now. If it does work, it sounds like a good deal for both AmEx and the consumer.
- UPS
- Exelon
- Medtronic
A real stunner would be Toyota but I don’t think there’s ever been a foreign company included.