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	<title>Bogle's Blog</title>
	<link>http://thebogles.com/blog</link>
	<description>Things I care about</description>
	<pubDate>Mon, 21 Apr 2008 02:02:56 +0000</pubDate>
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		<title>GPS issues in Beyond411 diagnosed</title>
		<link>http://thebogles.com/blog/2008/04/gps-issues-in-beyond411-diagnosed/</link>
		<comments>http://thebogles.com/blog/2008/04/gps-issues-in-beyond411-diagnosed/#comments</comments>
		<pubDate>Sun, 20 Apr 2008 23:19:09 +0000</pubDate>
		<dc:creator>philbo</dc:creator>
		
	<category>General</category>
		<guid isPermaLink="false">http://thebogles.com/blog/2008/04/gps-issues-in-beyond411-diagnosed/</guid>
		<description><![CDATA[Many users have noted difficulties with GPS in Beyond411.
 I&#8217;ve investigated and discovered that the web service I am using for reverse geocoding is incorrectly returning empty results in many cases.  
I have notified the providers of the web service; I will post an update as available. I believe it should be possible to [...]]]></description>
			<content:encoded><![CDATA[<p>Many users have noted difficulties with GPS in Beyond411.</p>
<p> I&#8217;ve investigated and discovered that the web service I am using for <a href="http://www.geonames.org/maps/reverse-geocoder.html">reverse geocoding</a> is incorrectly returning empty results in many cases.  </p>
<p>I have notified the providers of the web service; I will post an update as available. I believe it should be possible to fix this on the server with no client changes.
</p>
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		<title>Unfunded tax &#8220;cuts&#8221;</title>
		<link>http://thebogles.com/blog/2008/04/unfunded-tax-cuts/</link>
		<comments>http://thebogles.com/blog/2008/04/unfunded-tax-cuts/#comments</comments>
		<pubDate>Tue, 15 Apr 2008 18:39:03 +0000</pubDate>
		<dc:creator>philbo</dc:creator>
		
	<category>General</category>
		<guid isPermaLink="false">http://thebogles.com/blog/2008/04/unfunded-tax-cuts/</guid>
		<description><![CDATA[I am getting really sick of watching this rerun for umpteenth time. 
Once again, one party is offering tax cuts as an effective strategy to win elections, while the other party argues that those tax cuts will only benefit the wealthy.
If we can talk about race like adults, why can&#8217;t we discuss taxes like fiscally [...]]]></description>
			<content:encoded><![CDATA[<p>I am getting really sick of watching this rerun for umpteenth time. </p>
<p>Once again, one party is <a href="http://www.nytimes.com/2008/04/16/us/politics/15cnd-mccain.html?ref=business">offering tax cuts</a> as an effective strategy to win elections, while the other party argues that those tax cuts will only benefit the wealthy.</p>
<p>If we can talk about race like adults, why can&#8217;t we discuss taxes like fiscally responsible adults?</p>
<p>When the government is consistently running a deficit, in both good times and bad, there&#8217;s no such thing as a tax cut.  </p>
<p>Deficit spending disguised as a tax &#8220;cut&#8221; is just a loan from the government that we&#8217;re going to have to pay back with interest.  </p>
<p>Once we realize that the offered tax cuts don&#8217;t really exist we can move forward on the debate.  </p>
<p>The debates over class warfare and income distribution obscure this simple truth that all sides should be able to agree on.  </p>
<p>We should come together on a consensus around simple fiscal responsibility.  I am disappointed to see that McCain is backing away from his previous commitment to balanced budgets and that neither Obama nor Clinton seem to be able to introduce new thinking and language to the debate.</p>
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		<title>John Doerr on Green Tech</title>
		<link>http://thebogles.com/blog/2008/04/john-doerr-on-green-tech/</link>
		<comments>http://thebogles.com/blog/2008/04/john-doerr-on-green-tech/#comments</comments>
		<pubDate>Tue, 15 Apr 2008 00:58:51 +0000</pubDate>
		<dc:creator>philbo</dc:creator>
		
	<category>General</category>
		<guid isPermaLink="false">http://thebogles.com/blog/2008/04/john-doerr-on-green-tech/</guid>
		<description><![CDATA[I found these comments by John Doerr on Green Tech interesting.  
The notion that we need &#8220;reindustrialize&#8221; the planet matches my sense that the first industrial revolution was a hack that has no chance of continuing to scale or endure. Our next president must rearchitect markets so that &#8220;the right thing to do is [...]]]></description>
			<content:encoded><![CDATA[<p>I found these comments by <a href="http://www.news.com/8301-11128_3-9917408-54.html">John Doerr</a> on Green Tech interesting.  </p>
<p>The notion that we need &#8220;reindustrialize&#8221; the planet matches my sense that the first industrial revolution was a <a href="http://thebogles.com/blog/2008/01/civilization-is-a-hack-should-we-plan-to-throw-one-away/">hack</a> that has no chance of continuing to scale or endure. Our next president must rearchitect markets so that &#8220;the right thing to do is the profitable thing to do, so that it becomes the probable thing to happen.&#8221;</p>
<blockquote>
<p>&#8220;To get solutions that scale, we are going to have to find answers that are economic for all people everywhere. We are going have to use policy to harness innovation to make sure the right thing to do is the profitable thing to do, so that it becomes the probable thing to happen. There&#8217;s more money that flows through markets in a day than all the word&#8217;s governments in a year&#8230;</p>
<p>    The energy market is $6 trillion. I like to say it&#8217;s the mother of all markets. Compared to that Internet, which is a big deal, this is much bigger, much more exciting. But the challenge is much larger. Going green&#8211;solving that problem will be largest transformation on the planet.&#8221;</p>
<p>Doerr said the entire planet needs to &#8220;reindustrialize&#8221; to adopt less-polluting forms of energy. </p>
<p>Many people have called for the equivalent of an Apollo Project or Manhattan Project in the United States to solve the energy challenge. But Doerr said that those, which were multibillion-dollar, single-government agency projects, &#8220;fail miserably to convey the size of the challenge.&#8221;</p>
<p>To underscore how little is being done at the federal level, he said government funding in U.S. research and development on renewable energy was less than $1 billion last year, while oil giant Exxon makes $1.1 billion in revenue a day&#8230;</p>
<p>He predicted that the three leading presidential candidates will address climate change regulation far more aggressively than the current Bush administration, which has opposed mandates and sought to stay outside United Nations-led climate talks.</p>
<p>Despite Doerr&#8217;s concern for inadequate action on clean energy, he touched on the question of an investment bubble in green tech. Overall, he said there isn&#8217;t a bubble, but he does see some problems.</p>
<p>&#8220;There&#8217;s too much money chasing too few good ventures, despite the size of this problem,&#8221; Doerr said. </p>
</blockquote>
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		<title>The Washington Post says it&#8217;s going &#8220;Web 3.0&#8243;</title>
		<link>http://thebogles.com/blog/2008/04/the-washington-post-says-its-going-web-30/</link>
		<comments>http://thebogles.com/blog/2008/04/the-washington-post-says-its-going-web-30/#comments</comments>
		<pubDate>Sun, 06 Apr 2008 22:26:13 +0000</pubDate>
		<dc:creator>philbo</dc:creator>
		
	<category>General</category>
		<guid isPermaLink="false">http://thebogles.com/blog/2008/04/the-washington-post-says-its-going-web-30/</guid>
		<description><![CDATA[From an interview of the Post&#8217;s Editor-in-Chief by MediaBistro:

We&#8217;ve really fallen behind the times here. We are in the process of designing a Web 3.0 generation website that we hope will leapfrog where the current news industry is, ideally, and create a reader news experience that has not been imitated in the industry.
We&#8217;ve hired the [...]]]></description>
			<content:encoded><![CDATA[<p>From an interview of the Post&#8217;s Editor-in-Chief by <a href="http://www.mediabistro.com/fishbowlDC/online_media/changes_afoot_at_washington_times_81473.asp">MediaBistro</a>:</p>
<blockquote><p>
We&#8217;ve really fallen behind the times here. We are in the process of designing a Web 3.0 generation website that we hope will leapfrog where the current news industry is, ideally, and create a reader news experience that has not been imitated in the industry.</p>
<p>We&#8217;ve hired the biggest name in the design profession: Roger Black. His work includes the New York Times, Bloomberg and Houston Chronicle. He has created a design that we&#8217;ve very excited about. &#8230; The goal is to go live in mid-May&#8230;</p>
<p>I&#8217;ve long believed that the era of newspapers determining what is fit to read, as the New York Times might say, is over and the key to web design going forward is allowing the reader to take control of their news experience.</p>
<p>The digital era allows us to take our readers along with us on the experience with news. Our design achieves that with the creation of inline video service to &#8220;news cubes&#8221; that allows people to flip in one direction and get different kinds of contact and flip another direction and get video, databases, interactives or ask a question of a field of experts.</p>
<p>I&#8217;ve long believed that news sites need to break themselves entirely from the vertical construction that the newspaper industry has relied on for years. &#8230; We&#8217;re doing a horizontalization of the news: If there&#8217;s a topic, a person, a location, or event, calendar event or news event that you&#8217;re interested in, you can horizontally slice the database of our news and find things. &#8230; It will also allow you to track whatever person or topic you want on a daily basis just by coming back to the theme page. &#8230; We&#8217;ll create 15-20,000 RSS feeds on narrow-casted themes. This will meet people&#8217;s specific news interests.</p>
<p>We&#8217;ll also create online communities, an area where people can socially network around the news. So people interested in unique topics or subjects will have this online community where they can share news and comment to each other. &#8230; We&#8217;ll have a &#8216;blogger in chief&#8217; for each community. &#8230; They will most likely not be a Times staffer. .. We hope to launch 25-30 communities this summer.</p>
</blockquote>
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		<title>Subversion Merge Fairy now hosted on Google Code</title>
		<link>http://thebogles.com/blog/2008/04/subversion-merge-fairy-now-hosted-on-google-code/</link>
		<comments>http://thebogles.com/blog/2008/04/subversion-merge-fairy-now-hosted-on-google-code/#comments</comments>
		<pubDate>Sat, 05 Apr 2008 06:56:03 +0000</pubDate>
		<dc:creator>philbo</dc:creator>
		
	<category>General</category>
		<guid isPermaLink="false">http://thebogles.com/blog/2008/04/subversion-merge-fairy-now-hosted-on-google-code/</guid>
		<description><![CDATA[The Subversion Merge Fairy and associated documentation is now hosted as a Google Code project at http://code.google.com/p/svn-merge-fairy/. 
Please contact me if you are interested in write permissions to contribute changes.
(The Merge Fairy is a Python script that automates the process of merging changes from one Subversion branch to another, based on an XML configuration file [...]]]></description>
			<content:encoded><![CDATA[<p>The Subversion Merge Fairy and associated documentation is now hosted as a Google Code project at <a href="http://code.google.com/p/svn-merge-fairy/">http://code.google.com/p/svn-merge-fairy/</a>. </p>
<p>Please contact me if you are interested in write permissions to contribute changes.</p>
<p>(The Merge Fairy is a Python script that automates the process of merging changes from one Subversion branch to another, based on an XML configuration file that describes branches and their dependencies. For example, you might want bug fixes from the release branch to be automatically merged to the trunk branch.</p>
<p>In the event of a merge conflict or a build failure after merging, the Merge Fairy sends email requesting help from a human to make a manual merge, resuming automated merging once this done.)</p>
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		<title>Penguins take flight</title>
		<link>http://thebogles.com/blog/2008/04/penguins/</link>
		<comments>http://thebogles.com/blog/2008/04/penguins/#comments</comments>
		<pubDate>Wed, 02 Apr 2008 01:40:57 +0000</pubDate>
		<dc:creator>philbo</dc:creator>
		
	<category>General</category>
		<guid isPermaLink="false">http://thebogles.com/blog/2008/04/penguins/</guid>
		<description><![CDATA[

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		<title>The Erosion of Privacy on Facebook</title>
		<link>http://thebogles.com/blog/2008/04/the-erosion-of-privacy-on-facebook/</link>
		<comments>http://thebogles.com/blog/2008/04/the-erosion-of-privacy-on-facebook/#comments</comments>
		<pubDate>Wed, 02 Apr 2008 00:27:43 +0000</pubDate>
		<dc:creator>philbo</dc:creator>
		
	<category>General</category>
		<guid isPermaLink="false">http://thebogles.com/blog/2008/04/the-erosion-of-privacy-on-facebook/</guid>
		<description><![CDATA[I have my Facebook privacy settings to only show my friends to &#34;My Network and Friends&#34;.
 
But my public Facebook page republishes a sampling of my friends, without my permission.&#160; It also reveals my Facebook user ID in the query string.
 
Facebook has changed their public pages to reveal increasingly more information about users, without [...]]]></description>
			<content:encoded><![CDATA[<p>I have my Facebook privacy settings to only show my friends to &quot;My Network and Friends&quot;.</p>
<p><a href="http://thebogles.com/images/Facebookprivacyleakyourfriendsarepublic_B5A6/image.png"><img height="27" alt="image" src="http://thebogles.com/images/Facebookprivacyleakyourfriendsarepublic_B5A6/image_thumb.png" width="368" border="0" /></a> </p>
<p>But <a href="http://www.facebook.com/people/Phil_Bogle/561320625">my public Facebook page</a> republishes a sampling of my friends, without my permission.&#160; It also reveals my Facebook user ID in the query string.</p>
<p><a href="http://thebogles.com/images/Facebookprivacyleakyourfriendsarepublic_B5A6/image_3.png"><img height="276" alt="image" src="http://thebogles.com/images/Facebookprivacyleakyourfriendsarepublic_B5A6/image_thumb_3.png" width="550" border="0" /></a> </p>
<p>Facebook has changed their public pages to reveal increasingly more information about users, without adequately collecting consent.</p>
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		<title>Obama speech on markets</title>
		<link>http://thebogles.com/blog/2008/03/obama-speech-on-markets/</link>
		<comments>http://thebogles.com/blog/2008/03/obama-speech-on-markets/#comments</comments>
		<pubDate>Fri, 28 Mar 2008 00:20:52 +0000</pubDate>
		<dc:creator>philbo</dc:creator>
		
	<category>General</category>
		<guid isPermaLink="false">http://thebogles.com/blog/2008/03/obama-speech-on-markets/</guid>
		<description><![CDATA[For too long, rather than engaging in constructive debate, Democrats and Republicans have mocked one another. 
This has worked out badly for all of us. It has undermining our sense of common purpose. It has lead us to rash, unbalanced decisions from both sides of the aisle, rammed through without proper debate.
In his speech on [...]]]></description>
			<content:encoded><![CDATA[<p>For too long, rather than engaging in constructive debate, Democrats and Republicans have mocked one another. </p>
<p>This has worked out badly for all of us. It has undermining our sense of common purpose. It has lead us to rash, unbalanced decisions from both sides of the aisle, rammed through without proper debate.</p>
<p>In his <a href="http://my.barackobama.com/page/community/post/samgrahamfelsen/gGBNsq">speech on financial regulation</a>, Obama works to break free of the Democratic vs. Republican rut and move to a bipartisan consensus on restoring free and transparent markets, which are the best way to promote the common good.</p>
<blockquote><p>Americans have pursued their dreams within a free market that has been the engine of America&#8217;s progress&#8230;</p>
<p>But the American experiment has worked in large part because we have guided the market&#8217;s invisible hand with a higher principle. Our free market was never meant to be a free license to take whatever you can get, however you can get it. </p>
<p>That is why we have put in place rules of the road to make competition fair, and open, and honest. We have done this not to stifle &#8211; but rather to advance prosperity and liberty&#8230;</p>
<p>The core of our economic success is the fundamental truth that each American does better when all Americans do better; that the well being of American business, its capital markets, and the American people are aligned.&#160; </p>
<p>I think all of us here today would acknowledge that we&#8217;ve lost that sense of shared prosperity.&#160; </p>
<p>Under Republican and Democratic Administrations, we failed to guard against practices that all too often rewarded financial manipulation instead of productivity and sound business practices. </p>
<p>We let the special interests put their thumbs on the economic scales.&#160; </p>
<p>The result has been a distorted market that creates bubbles instead of steady, sustainable growth; a market that favors Wall Street over Main Street, but ends up hurting both. </p>
</blockquote>
<p>More excerpts below.</p>
<p><a id="more-682"></a></p>
<p><font face="Times New Roman"><strong>Americans have pursued their dreams within a free market that has been the engine of America&#8217;s progress. </strong>It&#8217;s a market that has created a prosperity that is the envy of the world, and opportunity for generations of Americans. A market that has provided great rewards to the innovators and risk-takers who have made America a beacon for science, and technology, and discovery. </font></p>
<p><font face="Times New Roman"><strong>But the American experiment has worked in large part because we have guided the market&#8217;s invisible hand with a higher principle. </strong>Our free market was never meant to be a free license to take whatever you can get, however you can get it. That is why we have put in place rules of the road to make competition fair, and open, and honest. We have done this not to stifle &#8211; but rather to advance prosperity and liberty. </font></p>
<p><font face="Times New Roman">As I said at NASDAQ last September: <strong>the core of our economic success </strong>is the fundamental truth that <strong>each American does better when all Americans do better; </strong>that <strong>the well being of American business, its capital markets, and the American people are aligned.&#160; </strong></font></p>
<p><font face="Times New Roman">I think all of us here today would acknowledge that we&#8217;ve lost that sense of shared prosperity.&#160; </font></p>
<p><font face="Times New Roman">Under Republican and Democratic Administrations, <strong>we failed to guard against practices that all too often rewarded financial manipulation instead of productivity and sound business practices</strong>. </font></p>
<p><strong><font face="Times New Roman">We let the special interests put their thumbs on the economic scales.&#160; </font></strong></p>
<p><strong><font face="Times New Roman">The result has been a distorted market that creates bubbles instead of steady, sustainable growth; a market that favors Wall Street over Main Street, but ends up hurting both. </font></strong></p>
<p><font face="Times New Roman">Nor is this trend new. The concentrations of economic power &#8211; and the failures of our political system to protect the American economy from its worst excesses &#8211; have been a staple of our past, most famously in the 1920s, when with success we ended up plunging the country into the Great Depression. </font></p>
<p><font face="Times New Roman">That is when government stepped in to create a series of regulatory structures &#8211; from the FDIC to the Glass-Steagall Act &#8211; to serve as a corrective to protect the American people and American business. </font></p>
<p><font face="Times New Roman">Ironically, it was in reaction to the high taxes and some of the outmoded structures of the New Deal that both individuals and institutions began pushing for changes to this regulatory structure. <strong></strong></font></p>
<p><strong><font face="Times New Roman">But instead of sensible reform that rewarded success and freed the creative forces of the market, too often we&#8217;ve excused and even embraced an ethic of greed, corner cutting and inside dealing that has always threatened the long-term stability of our economic system. </font></strong></p>
<p><strong><font face="Times New Roman">Too often, we&#8217;ve lost that common stake in each other&#8217;s prosperity&#8230;</font></strong></p>
<p><font face="Times New Roman">Since then, we have overseen 21st century innovation &#8211; including the aggressive introduction of new and complex financial instruments like hedge funds and non-bank financial companies &#8211; with outdated 20th century regulatory tools. </font></p>
<p><font face="Times New Roman"><strong>New conflicts of interest recalled the worst excesses of the past</strong> &#8211; like the outrageous news that we learned just yesterday of KPMG allowing a lender to report profits instead of losses, so that both parties could make a quick buck. Not surprisingly, the regulatory environment failed to keep pace. When subprime mortgage lending took a reckless and unsustainable turn, a patchwork of regulators were unable or unwilling to protect the American people&#8230;</font></p>
<p><font face="Times New Roman">..<strong>in our 21st century economy, there is no dividing line between Main Street and Wall Street.</strong> The decisions made in New York&#8217;s high-rises have consequences for Americans across the country. And whether those Americans can make their house payments; whether they keep their jobs; or spend confidently without falling into debt &#8211; that has consequences for the entire market. </font></p>
<p><font face="Times New Roman"><strong>The future cannot be shaped by the best-connected lobbyists with the best record of raising money for campaigns. </strong>This thinking is wrong for the financial sector and it&#8217;s wrong for our country.</font></p>
<p><strong><font face="Times New Roman">I do not believe that government should stand in the way of innovation, or turn back the clock to an older era of regulation. </font></strong></p>
<p><font face="Times New Roman">But I do believe that <strong>government has a role to play in advancing our common prosperity: </strong>by providing <strong>stable macroeconomic and financial conditions for sustained growth; </strong>by demanding <strong>transparency; </strong>and by <strong>ensuring fair competition</strong> in the marketplace<strong>.</strong></font></p>
<p><font face="Times New Roman">Our history should give us confidence that <strong>we don&#8217;t have to choose between an oppressive government-run economy and a chaotic and unforgiving capitalism. </strong>It tells us we can emerge from great economic upheavals stronger, not weaker. </font></p>
<p><font face="Times New Roman">But we can do so only if we restore confidence in our markets. Only if we rebuild trust between investors and lenders. And only if we renew that common interest between Wall Street and Main Street that is the key to our success&#8230;</font></p>
<p><font face="Times New Roman">Now, as most experts agree, our economy is in a recession. To renew our economy &#8211; and to ensure that we are not doomed to repeat a cycle of bubble and bust again and again &#8211; we need to address not only the immediate crisis in the housing market; we also need to create&#160; a 21st century regulatory framework, and pursue a bold opportunity agenda for the American people. </font></p>
<p><strong><font face="Times New Roman">Most urgently, we must confront the housing crisis&#8230;</font></strong></p>
<p><font face="Times New Roman">&#8230;To stabilize the housing market and help bring the foreclosure crisis to an end, I have sponsored Senator Chris Dodd&#8217;s legislation creating a new FHA Housing Security Program, which will provide meaningful incentives for lenders to buy or refinance existing mortgages. This will allow Americans facing foreclosure to keep their homes at rates they can afford.&#160; </font></p>
<p><font face="Times New Roman">Senator McCain argues that government should do nothing to protect borrowers and lenders who&#8217;ve made bad decisions, or taken on excessive risk. On this point, I agree. </font></p>
<p><font face="Times New Roman">But the Dodd-Frank package is not a bailout for lenders or investors who gambled recklessly, as they will take losses. It is not a windfall for borrowers, as they will have to share any capital gain. Instead, it offers a responsible and fair way to help bring an end to the foreclosure crisis. It asks both sides to sacrifice, while preventing a long-term collapse that could have enormous ramifications for the most responsible lenders and borrowers, as well as the American people as a whole&#8230;</font></p>
<p><font face="Times New Roman">The government can&#8217;t do this alone, nor should it. As I said last September, lenders must get ahead of the curve rather than just reacting to crisis. They should actively look at all borrowers, offer workouts, and reduce the principal on mortgages in trouble.&#160; Not only can this prevent the larger losses associated with foreclosure and resale, but it can reduce the extent of government intervention and taxpayer exposure.&#160; </font></p>
<p><strong><font face="Times New Roman">Beyond dealing with the immediate housing crisis, it is time for the federal government to revamp the regulatory framework dealing with our financial markets.&#160; </font></strong></p>
<p><font face="Times New Roman">Our capital markets have helped us build the strongest economy in the world. They are a source of competitive advantage for our country. But they cannot succeed without the public&#8217;s trust. The details of regulatory reform should be developed through sound analysis and public debate. But there are several core principles for reform that I will pursue as President. </font></p>
<p><font face="Times New Roman">First, if you can borrow from the government, you should be subject to government oversight and supervision. Secretary Paulson admitted this in his remarks yesterday. The Federal Reserve should have basic supervisory authority over any institution to which it may make credit available as a lender of last resort. When the Fed steps in, it is providing lenders an insurance policy underwritten by the American taxpayer. In return, taxpayers have every right to expect that these institutions are not taking excessive risks. The nature of regulation should depend on the degree and extent of the Fed&#8217;s exposure. But at the very least, these new regulations should include liquidity and capital requirements.</font></p>
<p><font face="Times New Roman">Second, there needs to be general reform of the requirements to which all regulated financial institutions are subjected. Capital requirements should be strengthened, particularly for complex financial instruments like some of the mortgage securities that led to our current crisis. We must develop and rigorously manage liquidity risk. We must investigate rating agencies and potential conflicts of interest with the people they are rating. And transparency requirements must demand full disclosure by financial institutions to shareholders and counterparties. </font></p>
<p><font face="Times New Roman">As we reform our regulatory system at home, we must work with international arrangements like the Basel Committee on Banking Supervision, the International Accounting Standards Board, and the Financial Stability Forum to address the same problems abroad. The goal must be ensuring that financial institutions around the world are subject to similar rules of the road &#8211; both to make the system stable, and to keep our financial institutions competitive. </font></p>
<p><font face="Times New Roman">Third, we need to streamline a framework of overlapping and competing regulatory agencies.&#160; Reshuffling bureaucracies should not be an end in itself. But the large, complex institutions that dominate the financial landscape do not fit into categories created decades ago.&#160; Different institutions compete in multiple markets &#8211; our regulatory system should not pretend otherwise. A streamlined system will provide better oversight, and be less costly for regulated institutions. </font></p>
<p><font face="Times New Roman">Fourth, we need to regulate institutions for what they do, not what they are. Over the last few years, commercial banks and thrift institutions were subject to guidelines on subprime mortgages that did not apply to mortgage brokers and companies. It makes no sense for the Fed to tighten mortgage guidelines for banks when two-thirds of subprime mortgages don&#8217;t originate from banks.&#160; This regulatory framework has failed to protect homeowners, and it is now clear that it made no sense for our financial system. When it comes to protecting the American people, it should make no difference what kind of institution they are dealing with.</font></p>
<p><font face="Times New Roman">Fifth, we must remain vigilant and crack down on trading activity that crosses the line to market manipulation. Reports have circulated in recent days that some traders may have intentionally spread rumors that Bear Stearns was in financial distress while making market bets against the company. The SEC should investigate and punish this kind of market manipulation, and report its conclusions to Congress. </font></p>
<p><font face="Times New Roman">Sixth, we need a process that identifies systemic risks to the financial system. Too often, we deal with threats to the financial system that weren&#8217;t anticipated by regulators. That&#8217;s why we should create a financial market oversight commission, which would meet regularly and provide advice to the President, Congress, and regulators on the state of our financial markets and the risks that face them. These expert views could help anticipate risks before they erupt into a crisis.&#160; </font></p>
<p><font face="Times New Roman">These six principles should guide the legal reforms needed to establish a 21st century regulatory system. </font></p>
<p><font face="Times New Roman">But the change we need goes beyond laws and regulation &#8211; <strong>we need a shift in the cultures of our financial institutions and our regulatory agencies.</strong></font></p>
<p><font face="Times New Roman">Financial institutions must do a better job at managing risks. There is something wrong when boards of directors or senior managers don&#8217;t understand the implications of the risks assumed by their own institutions. It&#8217;s time to realign incentives and compensation packages, so that both high level executives and employees better serve the interests of shareholders. And it&#8217;s time to confront the risks that come with excessive complexity. Even the best government regulation cannot fully substitute for internal risk management. </font></p>
<p><font face="Times New Roman">For supervisory agencies, oversight must keep pace with innovation. As the subprime crisis unfolded, tough questions about new and complex financial instruments were not asked. As a result, the public interest was not protected. We do American business &#8211; and the American people &#8211; no favors when we turn a blind eye to excessive leverage and dangerous risks. </font></p>
<p><font face="Times New Roman">Finally, the American people must be able to trust that their government is looking out for all of us &#8211; not just those who donate to political campaigns. I fought in the Senate for the most extensive ethics reform since Watergate. I have refused contributions from federal lobbyists and PACs.&#160; And I have laid out far-reaching plans that I intend to sign into law as President to bring transparency to government, and to end the revolving door between industries and the federal agencies that oversee them.</font></p>
<p><font face="Times New Roman">Once we deal with the immediate crisis in housing and strengthen the regulatory system governing our financial markets, <strong>our final task is to restore a sense of opportunity for all Americans. </strong></font></p>
<p><font face="Times New Roman">..That&#8217;s why, throughout this campaign, I&#8217;ve put forward a series of proposals that will foster economic growth from the bottom up, and not just from the top down. That&#8217;s why the last time I spoke on the economy here in New York, I talked about the need to put the policies of George W. Bush behind us &#8211; policies that have essentially said to the American people: &quot;you are on your own&quot;; because we need to pursue policies that once again recognize that we are in this together. </font></p>
<p><font face="Times New Roman">This starts with providing a stimulus that will reach the most vulnerable Americans, including immediate relief to areas hardest hit by the housing crisis, and a significant extension of unemployment insurance for those who are out of work. If we can extend a hand to banks on Wall Street, we can extend a hand to Americans who are struggling.</font></p>
<p><font face="Times New Roman">Beyond these short term measures, as President I will be committed to putting the American Dream on a firmer footing. To reward work and make retirement secure, we&#8217;ll provide an income tax cut of up to $1000 for a working family, and eliminate income taxes altogether for any retiree making less than $50,000 per year. To make health care affordable for all Americans, we&#8217;ll cut costs and provide coverage to all who need it. To put more Americans to work, we&#8217;ll create millions of new Green Jobs and invest in rebuilding our nation&#8217;s infrastructure. To extend opportunity, we&#8217;ll invest in our schools and our teachers, and make college affordable for every American. And to ensure that America stays on the cutting edge, we&#8217;ll expand broadband access, expand funding for basic scientific research, and pass comprehensive immigration reform so that we continue to attract the best and the brightest to our shores.&#160; </font></p>
<p><font face="Times New Roman">I know that making these changes won&#8217;t be easy. I will not pretend that this will come without cost, though I have presented ways we can achieve these changes in a fiscally responsible way. I know that we&#8217;ll have to overcome our doubts and divisions and the determined opposition of powerful special interests before we can truly advance opportunity and prosperity for all Americans&#8230;</font></p>
<p><font face="Times New Roman">But I would not be running for President if I didn&#8217;t think that this was a defining moment in our history.&#160; If we fail to overcome our divisions and continue to let special interest set the agenda, then America will fall behind. Short-term gains will continue to yield long-term costs. Opportunity will slip away on Main Street and prosperity will suffer here on Wall Street. But if we unite this country around a common purpose, if we act on the responsibilities that we have to each other and to our country, then we can launch a new era of opportunity and prosperity.</font></p>
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		<title>How-To Video: Install and Use Six Free Killer BlackBerry Apps</title>
		<link>http://thebogles.com/blog/2008/03/how-to-video-install-and-use-six-free-killer-blackberry-apps/</link>
		<comments>http://thebogles.com/blog/2008/03/how-to-video-install-and-use-six-free-killer-blackberry-apps/#comments</comments>
		<pubDate>Tue, 25 Mar 2008 23:34:35 +0000</pubDate>
		<dc:creator>philbo</dc:creator>
		
	<category>General</category>
		<guid isPermaLink="false">http://thebogles.com/blog/2008/03/how-to-video-install-and-use-six-free-killer-blackberry-apps/</guid>
		<description><![CDATA[CIO magazine has published a video on how to Install and Use Six Free Killer BlackBerry Apps. Included in the list is Beyond411, along with Viigo, Worldmate Live, Google Maps, Facebook for Blackberry, and TwitterBerry.


]]></description>
			<content:encoded><![CDATA[<p>CIO magazine has published a video on how to <a href="http://www.cio.com/article/201201">Install and Use Six Free Killer BlackBerry Apps</a>. Included in the list is <a href="http://thebogles.com/berry/beyond411">Beyond411</a>, along with <a href="http://viigo.com">Viigo</a>, <a href="https://www.worldmatelive.com">Worldmate Live</a>, <a href="http://www.google.com/mobile/gmm/index.html">Google Maps</a>, <a href="http://www.blackberry.com/facebook/">Facebook for Blackberry</a>, and <a href="http://www.orangatame.com/products/twitterberry/">TwitterBerry</a>.</p>
<p><a href="http://www.cio.com/article/201201"><img src="http://thebogles.com/images/beyond411-video.png" alt="Beyond411 video"/></a>
</p>
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		<title>Open Source vs. Open Data: Facebook doesn&#8217;t get it</title>
		<link>http://thebogles.com/blog/2008/03/open-source-vs-open-data-facebook-doesnt-get-it/</link>
		<comments>http://thebogles.com/blog/2008/03/open-source-vs-open-data-facebook-doesnt-get-it/#comments</comments>
		<pubDate>Tue, 25 Mar 2008 18:47:58 +0000</pubDate>
		<dc:creator>philbo</dc:creator>
		
	<category>General</category>
		<guid isPermaLink="false">http://thebogles.com/blog/2008/03/open-source-vs-open-data-facebook-doesnt-get-it/</guid>
		<description><![CDATA[Is Facebook just clueless about what OpenSocial means or are they being disingenious?
Today Yahoo, Google, and MySpace formed a non-profit OpenSocial foundation to help promote a universal standard for developer applications on social-networking sites.
Here was Facebook&#8217;s response:

&#8220;As the largest contributor to the memecached [sic] system, Facebook has long been a leader and supporter of open [...]]]></description>
			<content:encoded><![CDATA[<p>Is Facebook just clueless about what OpenSocial means or are they being disingenious?</p>
<p>Today <a href="http://www.news.com/8301-13577_3-9902585-36.html?tag=nefd.lede">Yahoo, Google, and MySpace formed a non-profit OpenSocial foundation</a> to help promote a universal standard for developer applications on social-networking sites.</p>
<p>Here was Facebook&#8217;s response:</p>
<blockquote><p>
&#8220;As the largest contributor to the memecached [sic] system, Facebook has long been a leader and supporter of open source initiatives but will not join the foundation,&#8221; a statement from the company read. &#8220;The company will continue to evaluate partnership opportunities that will benefit the 300,000 Facebook Platform developers while improving the Facebook user experience.&#8221;
</p></blockquote>
<p>It&#8217;s absolutely apples and oranges to compare Open Source with OpenSocial and the larger trends that it&#8217;s a part of, including <a href="http://www.dataportability.org/">data portability</a> and <a href="http://code.google.com/p/diso/">distributed social networking</a>.</p>
<p>There are indeed some spiritual similiarities between Open Source and the Open Social movements. Like Microsoft, Facebook seeks to achieve several kinds of lock-in, which the open movements seek to combat. (It&#8217;s no accident that Microsoft is a significant investor in Facebook.)</p>
<ul>
<li> Data lock-in: Facebook seeks to keep user&#8217;s data and social graph tethered to their walled garden. The terms of use for Facebook applications are design to preserve this lockin.
<li> Platform lock-in: Facebook seeks to create a proprietary platform for application authors, so that compelling applications can&#8217;t easily run on and add value to Facebook competitors.
</ul>
<p>Contributing to memcached is laudable, but has nothing to do with contributing to an open social fabric for the internet.
</p>
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		<title>Snellspace: Critique of the Google Contacts Atom format</title>
		<link>http://thebogles.com/blog/2008/03/snellspace-critique-of-the-google-contacts-atom-format/</link>
		<comments>http://thebogles.com/blog/2008/03/snellspace-critique-of-the-google-contacts-atom-format/#comments</comments>
		<pubDate>Mon, 24 Mar 2008 18:21:15 +0000</pubDate>
		<dc:creator>philbo</dc:creator>
		
	<category>General</category>
	<category>Development</category>
		<guid isPermaLink="false">http://thebogles.com/blog/2008/03/snellspace-critique-of-the-google-contacts-atom-format/</guid>
		<description><![CDATA[Good critique of the Google Contacts API over on Snellspace:

&#8230; as is typical of GData, all of the application specific data is contained in extension elements. While this is technically not a bad thing, it does mean that Google has effectively invented Yet Another Way of representing contact information. We already have vCard and hCard, [...]]]></description>
			<content:encoded><![CDATA[<p>Good critique of the Google Contacts API over on <a href="http://www.snellspace.com/wp/?p=912">Snellspace</a>:</p>
<blockquote><p>
&#8230; as is typical of GData, all of the application specific data is contained in extension elements. While this is technically not a bad thing, it does mean that Google has effectively invented Yet Another Way of representing contact information. We already have vCard and hCard, both of which have been extremely effective and have a ton of existing application support. However, none of that existing code can be used with GData contacts. I understand why Google is using the extension elements but I disagree that the tradeoff is worth it.</p>
<p>Using extension elements basically means that “dumb clients” — Atom clients that do not understand the GData API, will not be able to do anything at all with the feed. There’s not even any displayable content that a human can use to extract information. Clients have to be written specifically against the GData API. Assuming that Microsoft also puts together a Contacts API, and assuming they also use extension elements to represent the data, client implementors end up having to write vendor specific code that does exactly the same thing. That’s bad.
</p></blockquote>
<p>Lotus, on the other hand, uses the hCard microformat in the payload, allowing standardized parsing and useful rendering even by downlevel clients.</p>
<blockquote><p>
The entry itself is generally just an envelope for an hCard and a linked vCard. Because the content element contains XHTML, dumb clients can render the feed content regardless of the fact that our hCard uses a number of Profiles-specific fields; and the linked vCard makes it significantly easier to integrate this feed with existing contact management systems. For instance, we have one customer who has used the Profiles feed to integrate directly into mobile device contact databases using the vcard links.</p>
<p>The main advantage the Profiles approach has over GData Contacts is that client applications do not have to write Profiles-specific code to integrate and interoperate. If the client understands Atom, XHTML, hCard and vCard, they can use the feed.</p>
<p>Standards are a good thing.
</p></blockquote>
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		<title>libxml_helper: a more delightful approach to parsing XML in Ruby</title>
		<link>http://thebogles.com/blog/2008/03/678/</link>
		<comments>http://thebogles.com/blog/2008/03/678/#comments</comments>
		<pubDate>Mon, 24 Mar 2008 07:39:02 +0000</pubDate>
		<dc:creator>philbo</dc:creator>
		
	<category>General</category>
	<category>Development</category>
		<guid isPermaLink="false">http://thebogles.com/blog/2008/03/678/</guid>
		<description><![CDATA[Libxml-Ruby is a blindingly fast way to parse XML in Ruby.  However, many have complained that the interface is verbose and not especially Rubyish, and that the documentation lacks details and examples.
Thanks to the flexibility of Ruby, it&#8217;s easy to remedy this situation.
libxml_helper.rb, described here, opens up the XML::Node class from Libxml and adds [...]]]></description>
			<content:encoded><![CDATA[<p><a href="http://libxml.rubyforge.org/">Libxml-Ruby</a> is a blindingly fast way to parse XML in Ruby.  However, many have complained that the interface is verbose and not especially Rubyish, and that the documentation lacks details and examples.</p>
<p>Thanks to the flexibility of Ruby, it&#8217;s easy to remedy this situation.</p>
<p>libxml_helper.rb, described here, opens up the XML::Node class from Libxml and adds helper functions that make it easier to use.  The helpers also make it easier to use xpath with nodes that include default namespaces. (I intend to continue adding to the helpers to smooth rough edges as I encounter them.)</p>
<p>The interface was inspired by the fantastic <a href="http://code.whytheluckystiff.net/hpricot/">HPricot</a>, a &#8220;fast and delightful HTML parser&#8221;, and many HPricot examples will work unmodified. </p>
<h3>Convenience functions</h3>
<p>You can call to_xml_doc on any string to convert it into an XML::Document:</p>
<pre>
&gt;&gt; s = '&lt;foo&gt;&lt;author&gt;p. bogle&lt;/author&gt;&lt;bar&gt;content&lt;/bar&gt;&lt;bar&gt;cont2&lt;/bar&gt;&lt;/foo&gt;'
&gt;&gt; root = s.to_xml_doc.root
</pre>
<p>The at() method returns the first Node matching the given xpath:</p>
<pre>
>> root.at("author")
=> &lt;author>p. bogle&lt;/author>
</pre>
<p>The search() method returns a list of Nodes matching the given xpath:</p>
<pre>
&gt;&gt; root.search("bar")
=&gt; [&lt;bar&gt;content&lt;/bar&gt;, &lt;bar&gt;content2&lt;/bar&gt;]
</pre>
<p>search() can also be called with a block to iterate through each of the matching nodes:</p>
<pre>
&gt;&gt;  root.search("bar") do |bar| puts bar.xpath; end
/foo/bar[1]
/foo/bar[2]
</pre>
<p>The helper also improves the handling of default namespaces&#8230;</p>
<p><b><a href="http://thebogles.com/blog/an-hpricot-style-interface-to-libxml/">Read More</a></b>
</p>
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		<item>
		<title>This is not politics as usual</title>
		<link>http://thebogles.com/blog/2008/03/this-is-not-politics-as-usual/</link>
		<comments>http://thebogles.com/blog/2008/03/this-is-not-politics-as-usual/#comments</comments>
		<pubDate>Wed, 19 Mar 2008 16:24:29 +0000</pubDate>
		<dc:creator>philbo</dc:creator>
		
	<category>General</category>
		<guid isPermaLink="false">http://thebogles.com/blog/2008/03/this-is-not-politics-as-usual/</guid>
		<description><![CDATA[A brave and thoughtful speech, worth reading and considering regardless of your political affiliation:  A More Perfect Union
]]></description>
			<content:encoded><![CDATA[<p>A brave and thoughtful speech, worth reading and considering regardless of your political affiliation:  <b><a href="http://blogs.wsj.com/washwire/2008/03/18/text-of-obamas-speech-a-more-perfect-union/?mod=googlenews_wsj">A More Perfect Union</a></b></p>
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		<title>On-demand audiobooks and other applications of unlimited cell plans</title>
		<link>http://thebogles.com/blog/2008/03/on-demand-audiobooks-and-other-applications-of-unlimited-cell-plans/</link>
		<comments>http://thebogles.com/blog/2008/03/on-demand-audiobooks-and-other-applications-of-unlimited-cell-plans/#comments</comments>
		<pubDate>Wed, 12 Mar 2008 22:24:53 +0000</pubDate>
		<dc:creator>philbo</dc:creator>
		
	<category>General</category>
		<guid isPermaLink="false">http://thebogles.com/blog/2008/03/on-demand-audiobooks-and-other-applications-of-unlimited-cell-plans/</guid>
		<description><![CDATA[People used the web in radically different ways after a critical mass of people shifted to unlimited plans.  
The same could be true of cell phones&#8211; unlimited voice plans could enable valuable new voice services that were previously infeasible.
For example, imagine being able to use your car speakerphone to play any audiobook you wanted, [...]]]></description>
			<content:encoded><![CDATA[<p>People used the web in radically different ways after a critical mass of people shifted to unlimited plans.  </p>
<p>The same could be true of cell phones&#8211; unlimited voice plans could enable valuable new voice services that were previously infeasible.</p>
<p>For example, imagine being able to use your car speakerphone to play any audiobook you wanted, on demand.  </p>
<p>All the technology has been in place for years&#8211; somebody just needs to license all the audiobook content, add a voice recognition interface for selecting the content I want to hear, figure out a pricing model (a la Netflix), and market it. </p>
<p>The only thing that has changed is that now, for $99, I can listen as long as I want. (The carrier might hate it, but it&#8217;s certainly compelling to me as a user!)</p>
<p>This is just one fairly obvious example of the sorts of services enabled by the new economics; there will hopefully be a flood of innovation in this direction. </p>
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		<item>
		<title>YouTube adds an API:  richer video discussion is now possible</title>
		<link>http://thebogles.com/blog/2008/03/youtube-adds-an-api-richer-video-discussion-is-now-possible/</link>
		<comments>http://thebogles.com/blog/2008/03/youtube-adds-an-api-richer-video-discussion-is-now-possible/#comments</comments>
		<pubDate>Wed, 12 Mar 2008 18:55:53 +0000</pubDate>
		<dc:creator>philbo</dc:creator>
		
	<category>General</category>
		<guid isPermaLink="false">http://thebogles.com/blog/2008/03/youtube-adds-an-api-richer-video-discussion-is-now-possible/</guid>
		<description><![CDATA[YouTube just added a rich YouTube API for developers, including a Javascript API for the player.
This is exciting because it enables some of the scenarios I discussed in hyperlinking to the good stuff in a web video:

People who embed videos on the web frequently tell their readers to fast forward to a specific point to [...]]]></description>
			<content:encoded><![CDATA[<p>YouTube just added a rich <a href="http://code.google.com/apis/youtube/overview.html">YouTube API</a> for developers, including a Javascript API for the player.</p>
<p>This is exciting because it enables some of the scenarios I discussed in <a href="http://thebogles.com/blog/2008/01/hyperlinking-to-the-good-stuff-in-an-embedded-web-video/">hyperlinking to the good stuff in a web video</a>:</p>
<blockquote><p>
People who embed videos on the web frequently tell their readers to fast forward to a specific point to get to the &#8220;good stuff&#8221;, for example here.</p>
<p>It’s dumb that readers have to do that manually.  If Flash video players were slightly smarter, the author could create an easy-to-type hyperlink that would cause the embedded video to skip to a specific section of the video and start playing.</p>
<p>Power users ought to be able to create their own &#8220;virtual edit&#8221; of a video by specifying a sequence of time segments to play back.  A blogger might create their selection of highlights from the presidential debate to accompany their post, for example, without having to actually re-encode the video. </p>
<blockquote>
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