luni, 4 iulie 2011

Damn Cool Pics

Damn Cool Pics


Taco Bell In The ’80s

Posted: 04 Jul 2011 04:44 PM PDT

I am sharing with you this Flickr set that was posted on Buzzfeed today. A former Taco Bell worker who used to work in Kansas City Taco Bell has shared his photos of what it was like to work there in the 80s. Taco Bells have changed dramatically since then, and definitely not for the better. Check out the Spanish tile counters and wood grain Formica paneling, sweet!



The stores had Spanish tile on the front of the counters, and lots of wood accents. The Salsa Bar was in full swing. Those didn't last long, as they lost a ton of money.


Original production line.


Uniforms.


Cleaning the production line, after closing.


























Boss, Tony, at the tomato dicer. Tony's folks were from Ecuador, and he was a first-generation American. He put store #1235 on the map, by hiring and retaining good young people, even as the store's volume shot up to nearly unmanageable levels.


Lady Gaga Day in Taiwan

Posted: 04 Jul 2011 04:37 PM PDT

A city in Taiwan declared Sunday "Lady Gaga Day" as the pop diva's first visit to the island sparked a frenzy among dedicated fans and local media.

Lady Gaga, sporting a black and white wig, red trousers and a red dress with leopard-print sleeves, was given a key to Taichung city by the mayor at a ceremony attended by hundreds of enthusiastic supporters.

"On behalf of Taichung, I now declare today 'Lady Gaga Day'...which also belongs to all of her fans," mayor Jason Hu said.

Earlier in the day, hundreds of her fans known as "Little Monsters" defied summer heat to parade on the street dressed in costumes and wigs.







Lady Gaga Day Ceremony


Lady Gaga Taiwanese Concert


SEOmoz Daily SEO Blog

SEOmoz Daily SEO Blog


The Huge Untapped Potential of Q&A Content for SEO

Posted: 03 Jul 2011 02:13 PM PDT

Posted by willcritchlow

Question and answer content has been around on the internet a lot longer than the web. From the early days of usenet (and before that, on prehistoric technologies that came before my time) people have been asking experts for answers. You can't fail to have noticed, however, that it has resulted in some of the lowest quality content on the web. For far too many questions, the ranking answer is Yahoo! Answers (or similar) that looks as though it was written by someone who found writing YouTube comments too intellectually challenging:

Yahoo answers

Incidentally, note that there is a Yahoo! Answers API which can be a great source of data for keyword research and content inspiration.

There is a clear need and opportunity for this kind of content. Many users search in question format:

What is the longest one syllable word

unfortunately not quite enough to support the venerable Ask Jeeves that encouraged this behaviour

There are clearly a lot of commercially-oriented queries in there. You only have to look at many of the kinds of questions people ask on Twitter to see this:

Tom asking about android phones

You can see the attraction to search engines of indexing Q&A content. While they have made leaps forward in natural language processing, they are still dumb text query engines at heart and having both the question and the answer in plain text on the page clearly supports them in providing efficient answers to many natural language queries.

My favourite example of the right way of doing things is Stackoverflow. If you have ever tried to do anything related to programming, you will have hit annoying issues very early on. At Distilled we have labelled most programming as "copy, paste, swear, fix typo".

If you're anything like me, RTFM might as well stand for JFGI these days and you will Just Google It(TM) straight away. As soon as you do this (certainly in recent months), odds are you are going to land on Stackoverflow. The answer you find there is likely to be helpful, authoritative and on you go. But how did it get that way? Stackoverflow is clearly good for search engines, but it got that way by being great for users. If anything, the experience of asking a question and getting it answered is even more impressive than just seeing the repository of brilliant answers that already exist.

Easy stackoverflow question answered with patience

Even really annoying basic questions get quick, patient answers

Lessons from Stackoverflow

So what did they do so right?

Avoid many versions of the same question

The issue of multiple almost-identical threads is so prevalent on most Q&A sites that Google has evolved a UX pattern specifically for this:

Multiple yahoo answers

Stackoverflow gets around this with a many-pronged attack:

  • Start with a culture of curation - when users know they are creating a reference, they behave differently to threaded forum discussions
  • Use great power wisely - with curation as a justification, Stackoverflow editors can edit, move, lock or close replies to questions to encourage desirable behaviours
  • Scale curation and editorial - I'll write more about the gamification, but the increasing site editing ability that comes with the earning of karma enables a small core team to enlist the help of a large passionate team of editors
  • UX hints point people in the right direction - as you start asking a question, similar previous questions appear "google-instant" style encouraging browsing before submitting

Get good answers, fast

From what I've read the biggest KPIs for the Stackoverflow team are proportion of questions with accepted answers and the speed of answer. Indeed these are high on the list of metrics to consider before opening a bring q&a site out of beta. I love the data-driven attitude and transparency they show - this is a post about bringing the home improvement forum out of beta:

area51 home improvement beta kpis

It's interesting to think about how they have designed a site and a community to achieve great results on this front. In my opinion, a large part of it stems from having nailed the incentives - in particular:

Gamification

It's no secret that people love points, awards and power. The game mechanics built into stackoverflow bring all of these things:

  • Points - with evidence ranging from gathering twitter followers to foursquare points, we see that give people a number and they will work to improve it even without an obvious reward. The setup of stackoverflow rewards both quick answers (high # points / time) in general and correct / insightful answers to hard questions (that get voted up). This nicely aligns with the goal of "good answers, fast"
  • Awards - you get badges (see below) as you complete tasks around the site. These are nice for their own sake - especially if you get access to the rarer ones - but they also bring you:
  • Power - the points and badges you acquire unlock special powers ranging from the ability to rate other people's answers all the way up to full admin rights to the site with the power to delete, move and edit pretty much anything. This funnel of power aligns user incentives very effectively

Stackoverflow badges screen

I've only got a handful of stackoverflow badges so far. Maybe I'm immune to their wily ways?

If you can, build from a passionate community

In the case of Stackoverflow, they built from a bunch of overlapping groups of passionate users (as I understand it, based largely on the personal clout of Joel Spolsky and Jeff Atwood). In the case of the SEOmoz Q&A forum, it's obviously benefiting greatly from the community on the blog etc.

If you want to read more about the intersection of Stackoverflow and SEO, they have had a couple of posts about it: one, two and a HN thread.

Great moderation

Stackoverflow solves the moderation problem in one way. Quora is tackling it in a different but fascinating way:

  • A quiz for new users (that wasn't in place when I joined!) to ensure that everyone registering for the site at least understands the way that the business wants the site to end up structured
  • A whole bunch of product features designed to nudge people towards desired behaviours
  • An encouragement to "think in the Quora way" throughout - see the FAQ for a number of examples

You should want these benefits on your site

We have been doing a lot of thinking about the possibilities in this space - and what happens when you get it right. When Tom was at SEOmoz (before heading to NYC), one of the things he pushed hard was to add many of these features to the Q&A forum:

SEOmoz Q&A forum

Ask an Owner

I have also been working with one of our UK clients, Reevoo, on a new feature they call "Ask an Owner" that enables retailers and manufacturers to allow potential buyers to ask questions of those who already own a product. By allowing those retailers and manufacturers to expose that content to search engines, we hope to access some relatively untapped areas. Reevoo already provide review functionality for many top retailers and brands and they are seeing some phenomenal stats on the new Ask an Owner service in terms of questions being answered, % of good answers etc.

It is amazing how many relatively sensible questions still have no content indexed e.g. "Does the HP probook 4320s support skype video calling?" you can work out the answer from many of the resulting pages if you know what to look for, but wouldn't it be great if there was a page with that title and body content including something like: "Yes. There is an in-built webcam that works very well in reasonable lighting conditions. As with many laptops, it's built into the top of the screen which makes for natural conversations as you automatically look roughly at the camera as you speak. The built in microphone is also good enough in quiet conditions. For more serious use, you should consider a stand-alone microphone." That's the kind of content that should be generated by "ask an owner" style functionality.

If you happen to want to know more about ask an owner and our general views on UGC in retail, you can check out the whitepaper I wrote on the subject (registration required).

Q&A and the investment community

The investment community got all excited about Q&A sites last year and pumped loads of money into Quora and the like. The reasons they got excited are similar to the reasons I believe there is untapped SEO potential here, but I also think there is significant value for many smaller businesses even in things that wouldn't get investors hot under the collar.


Today is a US holiday and I'm also not in the UK office. As a result I may be slow to jump back into the comments below, but don't let that stop you sharing your thoughts. I'll join in when I can!


Hey everyone, this is Casey from the SEOmoz Marketing Team, I thought I would take this time and add some stats from the SEOmoz Q&A Forum. Below are the stats from March 28 to July 3, 2011:

  • Question
    • 4,256 Total public questions asked by 1,941 members.
      • 3591 questions are looking for a specific answer.
      • 665 questions are open discussions.
    • 18 Hours - the average until first answer was received.
    • 2,044 answers marked as helpful.
  • Traffic
    • 1,011,500 pageviews.
    • 5,254 keywords to 2,841 pages.
    • 14,656 unique visitors from search traffic.
  • Members
    • 2,422 active members in Q&A.
      • 52,722 MozPoints earned.
      • 100 Users earned more than 100 MozPoints

Thanks to all our members who have spent many countless hours in the Q&A Forum answering questions for other members! The amount of knowledge that gets shared in there is amazing!


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Honoring their service with ours


The White House, Washington


Good morning,

This Independence Day, I hope you’ll join me and my family in recognizing both our brave men and women in uniform and their families for everything they do to protect our country and our way of life.

We know that when our troops are called to serve, their families serve right along with them. For military kids, that means stepping up to help with the housework and putting on a brave face through all those missed holidays, bedtimes and ballet recitals. For military spouses, it means pulling double-duty, doing the work of both parents, often while juggling a full-time job or trying to get an education.

That’s why, a few months ago, Dr. Jill Biden and I started Joining Forces, a nationwide campaign to recognize, honor, and serve our military families. Our troops give so much to this country and they ask us for just one thing in return: to take care of their families while they’re gone. So we’ve put out a call to action. We’re urging all Americans to ask themselves one question: What can I do to give back to these families that have given so much?

To answer that question you can go to JoiningForces.gov and learn more about how you can get involved. And you can get started right now through Operation Honor Card by pledging to spend a certain number of hours serving military families in your community.

Our motto for Joining Forces is very simple: Everyone can do something. We've met folks in every corner of the country who are stepping up and helping out in their own small ways in their neighborhoods and in their communities. They’re popping over to rake the leaves, or bringing a family a home-cooked meal, or offering to babysit. And I know that if we each do whatever we can, if we all join forces, we can show military families across this country that we have them in our hearts, we have them in our prayers, and we always have their backs.

Happy Independence Day!

Sincerely,

First Lady Michelle Obama

P.S. Today, my husband and I will welcome troops and their families from across the country to the White House for a special USO concert and a great view of the fireworks on the National Mall. You can watch the whole thing live on WhiteHouse.gov/live starting at 7 p.m. EDT.





 
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Seth's Blog : Give and get

Give and get

The stability, power and longevity of a tribe is directly related to the way it is treated by its members.

When many of them seek to take, to enrich themselves and to find a loophole or advantage, the group is weakened.

Culture and management are not the same thing--when we strengthen our organization, when we encourage and respect our fellow employees, management follows. Group up, not top down.

Society and government are not the same thing either. The tribe we get is the tribe we build.

I don't think we can abdicate our responsibilities within a tribe to the leader.

The opportunity is simple: the more each individual gives, the more each of us end up getting.

 

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duminică, 3 iulie 2011

Mish's Global Economic Trend Analysis

Mish's Global Economic Trend Analysis


Case for a Balanced Budget Amendment; Charts of the Day: Transfer Payments (Medicare, Medicaid, Food Stamps, etc.) vs. Total Government Receipts

Posted: 03 Jul 2011 07:59 PM PDT

Inquiring minds are investigating Personal Transfer Receipts.
Personal current transfer receipts are benefits received by persons for which no current services are performed. They are payments by governments and businesses to individuals and nonprofit institutions serving individuals.
Personal Current Transfer Receipts Examples

  • Medicare
  • Medicaid
  • Food Stamps
  • Social Security
  • Unemployment Insurance

Personal Current Transfer Receipts



Note that transfer receipts are nearly $2.4 trillion.

Federal Government Receipts



Ratio of Personal Transfer Receipts to Federal Government Receipts



Notes

  • Nearly every dime of federal government receipts goes to personal transfer payments.
  • Between 1960 and 1970, personal transfer payments were 30-35% of federal government receipts.
  • From 1980-2000 the percentage fluctuated between 50% and 65%.
  • If (when) the economy slips back into recession personal transfer payments will exceed 100% of federal government receipts.

Given personal transfer receipts take up nearly 100% of federal government receipts, in theory, there should be no room for anything else, including wars, roads and bridges, and wages of federal employees.

Unfortunately, the government wastes money on wars, wastes money on bureaucracies that should not exist, and overpays on roads, bridges, and infrastructure (because of Davis-Bacon, collective bargaining, and prevailing wage laws).

The only way to remedy this is with an iron-clad, no-exceptions, balanced budget amendment.

Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List


China Bought More Treasuries Than Disclosed, Perhaps Illegally; Nuclear Dollar Dumping Theory Revisited

Posted: 03 Jul 2011 07:42 AM PDT

Not only did China buy more treasuries than disclosed, it did so in violation of treasury auction rules.
When the Treasury Department revamped its rules for participating in government bond auctions two years ago, officials said they were simply modernizing outdated procedures.

The real reason for the change, a Reuters investigation has found, was more serious: The Treasury had concluded that China was buying much more in U.S. government debt than was being disclosed, potentially in violation of auction rules, and it wanted to bring those purchases into the open - all without ruffling feathers in Beijing.

Guaranteed Bid

The United States sells its debt to investors through auctions that are held weekly - sometimes four times per week - by the Treasury's Bureau of the Public Debt, in batches ranging from $13 billion to $35 billion at a time. Investors can buy the bonds directly from the Treasury at auctions, or through any of the 20 elite "primary dealers," Wall Street firms authorized to bid on behalf of customers. The Treasury limits the amount any single bidder can purchase to 35 percent of a given auction. Anyone who bought more than 35 percent of a particular batch of Treasury securities at a single auction would have a controlling stake in that batch.

By the beginning of 2009, China, which uses multiple firms to buy U.S. Treasuries, was regularly doing deals that had the effect of hiding billions of dollars of purchases in each auction, according to interviews with traders at primary dealers and documents viewed by Reuters.

Using a method of purchases known as "guaranteed bidding," China was forging gentleman's agreements with primary dealers to purchase a certain amount of Treasury securities on offer at an auction without being reported as bidders in that auction, according to the people interviewed. After setting the amount of Treasuries the guaranteed bidder wanted to buy, the dealer would then buy that amount in the auction, technically on its own behalf.

The practice kept the true size of China's holdings hidden from U.S. view, according to Treasury dealers interviewed, and may have allowed China at times to buy controlling stakes - more than 35 percent - in some of the securities the Treasury issued.

The Treasury department, too, came to believe that China was breaching the 35 percent limit, according to internal documents viewed by Reuters, though the documents do not indicate whether the Treasury was able to verify definitively that this occurred.

Guaranteed bidding wasn't illegal, but breaking the 35 percent limit would be. The Uniform Offering Circular - a document governing Treasury auctions - says anyone who wins more than 35 percent of a single auction will have his purchase reduced to the 35 percent limit. Those caught breaking auction rules can be barred from future auctions, and may be referred to the Securities and Exchange Commission or the Justice Department.

At the beginning of 2009, Treasury officials began discussing the issue of guaranteed bidders, with a focus on China's behavior, internal documents seen by Reuters show. The culmination of their efforts was a change to the Uniform Offering Circular published on June 1, 2009 that eliminated the provision allowing guaranteed bidding.

In the first auctions conducted after guaranteed bidding was banned, a key metric rose sharply: the percentage of so-called indirect bidders, those who placed their auction bids through primary dealers. Indirect bidders are seen as a proxy measure for foreign central bank buying, because foreign central banks most often bid through primary dealers. With the elimination of the guaranteed bidder provision, far more buyers were put in this class in reports to the Treasury Department.
Direct vs. Indirect Bidding Comparisons Invalid

As a result of the rule change, comparisons of direct and indirect bidding now to a few years ago are invalid. Foreign governments were buying more US debt before than they disclosed.

Sadly, the article perpetuated widely spread nonsense regarding China dumping of US debt:

"If the Chinese sold their Treasuries all at once, it could undermine U.S. markets and the economy by driving interest rates higher very quickly. Scenarios of this sort have been discussed in Washington defense-policy circles for at least a year now. Not knowing the full extent of these holdings would make it even more difficult to assess China's political leverage over U.S. finances."

The irony was China was buying more than disclosed, while the fear was otherwise. China can still be accumulating more US debt than disclosed via the secondary markets and possibly via foreign markets.

Secret Treasury Buying

Flashback January 21, 2011: China Secretly Buying US Treasuries Via UK Accounts? Trade Deficit Math; "Hot Money" Math
Floyd Norris at the Wall Street Journal thinks China May Be Masking Its Purchase of U.S. Securities

Who Is Buying US Debt?

Here are two charts from the graphic: Who Buys U.S. Debt?

China



Foreign Buyers and Sellers




Trade Deficit Math

The two charts above are not believable for a mathematical reason that Norris did not explicitly state: When the US runs a deficit, some other nation must (as a function of pure math) accumulate US assets. Those assets could be dollar reserves, treasuries, investments in US companies, US property, or US equities.

One humorous aspect of all this alleged selloff of US treasuries by China is the hyperinflationist rant "China is Dumping Treasuries" when the reality is that China is likely accumulating US dollars or US treasuries a function of trade deficit math.

My one quibble with Norris' article is his statement "If China has been buying through money managers, it may be easier at some point for it to begin selling Treasuries through the British channel without others understanding where the selling pressure is coming from."

While technically true, please remember the math. Were the US to start running trade surpluses with China, then China certainly would be an outright seller of treasuries or US$ reserves. How likely is that?
China's Treasury Holding Revised up 30%

On March 1, 2011, I noted China Holdings of US Treasuries Revised Up 30%
Annual revisions released Monday show that China's holding of US treasuries is 30% greater than reported just weeks ago.

I am not surprised given that persistent rumors of China dumping treasuries made little mathematical sense from a balance of trade standpoint. Instead, I suggested China was accumulating treasuries via trading desks in the UK. We now see that is precisely the case.
Silly Rumors Surface Constantly

Nonetheless, rumors circulate consyantly that China is dumping treasuries or soon will dump treasuries causing soaring interest rates or hyperinflation in the US.

Nuclear Dumping Theory Revisited

For a detailed rebuttal to the silly "nuclear dumping" theory and belief China and Japan will refuse to buy US debt or hold US dollars, please see ...



Mike "Mish" Shedlock
http://globaleconomicanalysis.blogspot.com
Click Here To Scroll Thru My Recent Post List


Seth's Blog : Bad poetry

Bad poetry

There's a lot of it.

One reason: it's easy to become a poet. Easy to announce you're a poet, easy to get a pencil and a paper, easy to publish your work online.

There's a lot of bad tweeting, bad marketing, bad facebooking, bad emailing and bad music now as well. No barrier certainly leads to a lack of selectivity.

Surprisingly, though, amid the bad art, we actually find more good art. A barrier to entry isn't the only thing that improves quality. Sometimes it's sufficient to let artists do their work without a gatekeeper.

 

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