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Showing posts from July 28, 2002
Remora Sorry, sorry, sorry. Blogging without a computer of one's own -- to change Virginia Woolf's title around a bit -- is a difficult enterprise. We come here, to this library, and we plunge into the news, and we see the stray tasty morsel -- the story from Business Week, the Nick Tosches fan site, etc. -- but trying to capture what we want from these sites is totally frustrating. Plus, we can't take off all our cloths in the library -- some screwy policy. And how can we write with cloths on? It feels unnatural. Plus the lack of coffee. Plus the lack of beer (after coffee). But okay. Remember, last week, we nominated some biz journalists for the Glassman award. That prize is named after our favorite fearless forecaster, the man who co-wrote Dow 36,000 and is still ticking away, like a watch that tells the correct time once in a century, at the Washington Post. Yesterday, we were overjoyed to see this conservative pantaloon defending his thesis on the Wall Street
Remora Dave calls LI this morning to complain about our lack of posts. What can we say? Here we sit, in the library. Our new computer is supposedly trucking to us as we write. Our old computer, with its invaluable (at least to LI) hard drive, sits at Mac Alliance like the corpse of the family's beloved pooch, with the service people gently urging us to do the needful, bury the damn thing, etc. But let's send out a brief recommend to this Business Week article on the failed telecosm - or did the "cosm" in George Gilder's once much quoted phrase hint at a Bataille like orgy of waste, an economy of excess that we will all have to live with, now The first two grafs present the grim picture -- or grim for some. "Telecom has been a disaster for just about everyone. Investors have lost some $2 trillion as stock prices have tumbled 95% or more from their highs. Half a million w