A Few Thoughts on Data Aggregation

Big Brother on the Make….or perhaps, the take….

Outside of specific and targeted investigational contexts for law enforcement and intelligence, the Federal government really does not need to know what products we buy at the grocery store, what books we buy or check out at the library, the magazines to which we subscribe, our car payments, what kind of food we eat, the websites we visit, how we use our credit cards and where. It’s not actually the government’s business, and presumably, the 4th Amendment indicates they need a compelling interest before they are allowed to snoop.

Senator Chris Dodd (D-Conn) is working hard….to make sure the Feds are watching your every move. Unless you are an illegal alien of course.

What passes for Liberalism these days is a strange ideology – American citizens are to be treated as criminals to be kept under continuous government surveillance but if you are a foreigner who enters the country illegally, you should get special dispensations from police questioning. Or unless you are a foreign terrorist overseas or in communication with one. WTF?

Cross-posted at Zenpundit

Intellectual Nondiversity

David Bernstein observes that if Elena Kagan is confirmed then every single Supreme Court Justice will have attended Harvard or Yale law schools. He also observes that:

The president went to Harvard, and barely defeated a primary opponent who went to Yale. His predecessor went to Yale and Harvard, and defeated opponents who went to Yale and Harvard, and Harvard, respectively. The previous two presidents also went to Yale, with Bush I defeating another Harvard grad for the presidency.

..and asks, “Isn’t this a bit much?”

His post reminded me of something that Peter Drucker wrote, way back in 1968:

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Nine Years versus Nine Months

After nine years of litigation and regulatory maneuvering, the Secretary of the Interior has given the approval for construction of the Cape Wind offshore power-generation facility. (Well, sort of…there are still a few more regulatory hurdles to clear before any actual wind turbines can be erected.)

Nine years is a long time, and it’s worthwhile to look at what Americans have been able to do in that amount of time…and in much shorter amounts of time…in other periods of our history.

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The Impact of Internet Video

The last hundred years or so have seen the introduction first of silent movies, then of sound movies, followed by television and color television. Moving images have great emotional and iconic power, and these technologies have had great cultural and economic impact.

We’re now seeing Internet-based video moving into the mainsteam. Netflix, for example, offers portions of their library for instant viewing, either on a PC or on a TV set (with adapter offered by several manufacturers.) Ventures, such as Snag Films (Ted Leonsis, Steve Case, and friends), have arisen to focus on Internet distribution of particular forms of content. (Documentaries, in Snag’s case.) Other ventures are focusing on enablement of Internet video for mobile devices. Improvement in wireline and wireless bandwiths makes it all feasible and affordable, and devices such as the iPad will make it increasingly convenient.

I’d like to discuss the emergence of Internet video from the standpoints of: Its impact on the structure of various industries, the investment opportunities and risks that it may create, and most of all its potential effects on culture and on the political environment. For starters, a few hypotheses:

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Paying Higher Taxes Can Be Very Profitable (rerun)

(I originally posted this on Jan 2….given that today is April 14, it seems like an appropriate time to run it again)

Chevy Chase, MD, is an affluent suburb of Washington DC. Median household income is over $200K, and a significant percentage of households have incomes that are much, much higher. Stores located in Chevy Chase include Tiffany & Co, Ralph Lauren, Christian Dior, Versace, Jimmy Choo, Nieman Marcus, Saks Fifth Avenue, and Saks-Jandel.

PowerLine observes that during the election season, yards in Chevy Chase were thick with Obama signs–and wonders how these people are now feeling about the prospect of sharp tax increases for people in their income brackets.

The PowerLine guys are very astute, but I think they’re missing a key point on this one. There are substantial groups of people who stand to benefit financially from the policies of the Obama/Pelosi/Reid triumvirate, and these benefits can greatly outweigh the costs of any additional taxes that these policies require them to pay. Many of the residents of Chevy Chase–a very high percentage of whom get their income directly or indirectly from government activities–fall into this category.

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