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Who owns the trail of digital breadcrumbs you're leaving behind?
Is understanding who you know and how you know them and where you visit and what you're interested in and what you buy worth anything?
Perhaps you should own it. Richard Thaler's provocative idea shouldn't be that provocative, and it represents a significant business opportunity. He argues that you (not some company) ought to own your caller history, your credit card history, etc. If it was available to you as a machine-readable file, you could easily submit it to another company and see if there was a better deal available. You could make your preferences and your history (you, basically) portable, and others could bid for a chance to do better for you.
This is an idea that feels inevitable to me, and I think that entrepreneurs shouldn't wait for the government to require it. There are already services that scrape financial pages (like Mint), but it could go further. We need software on our phones that can remember where we go and what we do, software for our browsers that can create profiles that save us time and money, and most of all, software for our email that gets ever smarter about who we are and who we're connecting to.
Data about data is more important than ever, and being on the side of the person creating that data is a smart place to be.
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Mish's Global Economic Trend Analysis |
Posted: 24 Jun 2011 10:19 AM PDT This is the second part of a two-part interactive map series on jobs. For part one, please see Interactive Map: Employment History Since 2001 by Job Type (Healthcare, Education, Mining, Construction, Finance, Real Estate, etc) Part two has a focus on job creation and losses during the economic recovery. Please consider the following interactive map, using Tableau Software, with data courtesy of Economic Modeling Specialists. This interactive map may take a bit to load. Please give it time on a slow connection. Note on Economic Modeling Data "Our data is used by many to research and understand regional employment trends and dynamics. It's composed of comprehensive information on industries, occupations, demographics — as well as things like occupational skills, education, training, and even the names and size of companies in your region broken down by industry.
Job Table Notes
The 6.3 million jobs lost since the beginning of 2008 is deceptively low. The Economy should have been gaining 1.8 milling jobs a year, not losing jobs. In other words, the economy is down 10 to 12 million jobs from where it should be. Thanks to Ross Perez at Tableau Software and also to Economic Modeling Specialists for this post. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Click Here To Scroll Thru My Recent Post List Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Italian Bank Stocks Plunge, Trading Suspended; Juncker Principle in Action Posted: 24 Jun 2011 07:13 AM PDT Italy, the big elephant in the room that the EU does not even see yet, may be waking up. Please consider, Italian Banks Plunge on Debt Concern Italian banks slumped in Milan trading amid concern the European debt crisis may spread just as lenders face scrutiny from regulators over capital levels.Juncker Principle in Action Italian Prime Minister Silvio Berlusconi appears to be following the "Juncker Principle". Jean-Claude Juncker, Luxembourg PM and Head Euro-Zone Finance Minister says "When it becomes serious, you have to lie". Italian banks are in a scramble to raise capital even though the prime minister assures us that its banks are "well capitalized." Actions speak louder than lies. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Click Here To Scroll Thru My Recent Post List Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
What Changed? Nothing; Bond Market Displays Big Yawn Posted: 24 Jun 2011 04:51 AM PDT Those watching the stock market ramp yesterday might be wondering if something meaningful had happened. Nothing did. The EU agreed to give Greece more money, but everyone knew they would anyway. Let's take a look at sovereign bond spreads to see what they think about the non-news. 10-Year Debt Greece - Yield 16.8% 10-Year Debt Spain - Yield 5.6% 10-Year Debt Ireland - Yield 11.89% 10-Year Debt Portugal - Yield 11.37% 10-Year Debt Italy - Yield 4.94% In case of differences between charts and listed values, go with listed values. Bloomberg interactive charts are delayed. Listed values are as of 6:40 AM Central 2011-06-24. Big Yawn The stock market reacted as if there was news, the bond market put out the big yawn. Greek yields came down slightly, but that is simply reflective of the can-kicking exercise. Spanish yields essentially did nothing, while Irish and Portuguese yields hit new highs. Spain and Italy are poised to smack Trichet, the ECB, EU, and the IMF the smack across the face and it's just a matter of time before they do. Meanwhile the action in Irish and Portuguese bonds shows the immense stress did not go away. Mike "Mish" Shedlock http://globaleconomicanalysis.blogspot.com Click Here To Scroll Thru My Recent Post List Mike "Mish" Shedlock is a registered investment advisor representative for SitkaPacific Capital Management. Sitka Pacific is an asset management firm whose goal is strong performance and low volatility, regardless of market direction. Visit http://www.sitkapacific.com/account_management.html to learn more about wealth management and capital preservation strategies of Sitka Pacific. |
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SEOmoz Daily SEO Blog |
How Google's Panda Update Changed SEO Best Practices Forever - Whiteboard Friday Posted: 23 Jun 2011 02:05 PM PDT Posted by Aaron Wheeler It's here! Google has released Panda update 2.2, just as Matt Cutts said they would at SMX Advanced here in Seattle a couple of weeks ago. This time around, Google has - among other things - improved their ability to detect scraper sites and banish them from the SERPs. Of course, the Panda updates are changes to Google's algorithm and are not merely manual reviews of sites in the index, so there is room for error (causing devastation for many legitimate webmasters and SEOs). A lot of people ask what parts of their existing SEO practice they can modify and emphasize to recover from the blow, but alas, it's not that simple. In this week's Whiteboard Friday, Rand discusses how the Panda updates work and, more importantly, how Panda has fundamentally changed the best practices for SEO. Have you been Panda-abused? Do you have any tips for recuperating? Let us know in the comments!
Video TranscriptionHowdy, SEOmoz fans. Welcome to another edition of Whiteboard Friday. This week, we're talking about the very exciting, very interesting, very controversial Google Panda update. Video transcription by Speechpad.com |
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