2 States Opt out of Real Id; Where’s Wisconsin?

Jay Stanley:

Idaho opted out of Real ID today, becoming the second state to say
“no thanks,” along with Maine. And there are a lot of other states
moving in the same direction (we have a map that tracks them online
at http://www.realnightmare.org/news/105/).

Senator’s Russ Feingold and Herb Kohl supported the National ID (Real ID) legislation. Related: Nathan Cochrane on becoming an unperson. Bruce Schneier has more.

Big Profits in Small Newspapers

Frank Ahrens:

If there’s any good news about the businesses of newspapering these days, it can be found at the industry’s littlest papers, which are doing well even as their bigger brothers founder.

Lee Enterprises, based in Davenport, Iowa, for example, owns 56 daily papers and more than 300 small weeklies and other publications. Three of its papers have a circulation of more than 100,000 — including the St. Louis Post-Dispatch — but the rest of its dailies are much smaller, averaging about 26,000 each.

Over the past five years, the circulation gains at Lee papers have outpaced the industry average; some of the gains came from acquisitions, but much came from the growth of the group’s existing papers. Over the past two decades, the company’s stock price has likewise gone in the opposite direction of large-newspaper stock, climbing steadily from less than $10 a share in 1988 to more than $30 a share today.

“We’re largely in markets . . . that have pretty good local economies, a strong sense of place and strong newspaper readership,” said Mary E. Junck, Lee’s chairman and chief executive. Another advantage: “Many of our markets are pretty homogenous and tightknit,” she said, making it easier to pin down and target readership.

Chinese Dissident’s Wife to Sue Yahoo

Richard Komen:

Speaking with VOA’s Mandarin Service Wednesday after arriving in Washington, Yu Ling said Chinese police arrested her husband, Wang Xiaoning, partly because Yahoo’s Hong Kong office gave Chinese authorities information about his e-mail accounts.

Yu Ling said she has come to the United States to sue the company for damages and to demand an apology.

Last year, Yahoo provided the Chinese with information about Shi Tao, a journalist who emailed to Western news outlets details of China’s plans to handle the 15th anniversary of Tiananmen Square.

Publicly owned networks are the key to universal access and healthy competition

Becca Vargo Daggett:

Local governments have taken the lead in U.S. broadband policy. Hundreds of communities of all sizes are making decisions about how to best deliver universal, affordable access to high-speed information networks. Many are offered seemingly attractive arrangements with no upfront cost to the city. They do themselves and their households and businesses a disservice if they do not seriously explore the costs and benefits of a publicly owned network.

In this report, we highlight five arguments for public ownership.

1. High-speed information networks are essential public infrastructure.

Just as high quality road systems are needed to transport people and goods, high quality wired and wireless networks are needed to transport information. Public ownership of the physical network does not necessarily mean the city either manages the network or provides services. Cities own roads, but they do not operate freight companies or deliver pizzas.

We Can’t Tell You, It’s a Secret”

Joe Francica:

At GITA, Dr. Bill Gail of Microsoft’s Virtual Earth team addressed a question as to working with highly sensititve imagery of perhaps a national security concern and whether they might be asked to black out areas on Virtual Earth. Google had been asked to do this previously for certain areas and Microsoft wanted to preempt such situations. Gail said that Microsoft has sat down with various government agencies to ask them about these potential conflict areas that they thought might be blacked out if asked to do so. Their answer was, “it’s a secret, we can’t tell you.”

The Killing of Wifi?

John Dvorak:

There is mounting evidence that the cellular service companies are going to do whatever they can to kill Wi-Fi. After all, it is a huge long-term threat to them. We’ve seen that the route to success in America today is via public gullibility and general ignorance. And these cell-phone–service companies are no dummies.

The always-entertaining Pew Internet & American Life Project ran a survey, and the results show that 34 percent of Internet users have gone online with a Wi-Fi connection or one of those newly popular and overpriced cell-phone services. Two years ago, this number was 22 percent. Another factoid from the survey: 19 percent of all users have Wi-Fi in the home. This number was a mere 10 percent just one year ago. The last tidbit from the survey worth noting is that only 56 percent of the people who have PDAs that hook to the Internet have actually gone on the Net via their PDA. The same goes for the people who have cell phones with Internet capability; not much more than half have actually used it.

Stewart on Afghan Policy

Rory Stewart:

The international community’s policy in Afghanistan is based on the claim that Afghans are willing partners in the creation of a liberal democratic state. Senator John McCain finished a recent speech on Afghanistan by saying, “Billions of people around the world now embrace the ideals of political, economic and social liberty, conceived in the West, as their own.”

In Afghanistan in January, Tony Blair thanked Afghans by saying “we’re all in this together” and placing them in “the group of people who want to live in peace and harmony with each other, whatever your race or your background or your religion.”

Such language is inaccurate, misleading and dangerous.

Afghans, like Americans, do not want to be abducted and tortured. They want a say in who governs them, and they want to feed their families. But reducing their needs to broad concepts like “human rights,” “democracy” and “development” is unhelpful.

Stewart wrote the excellent: “The Places in Between” on his walk across Afghanistan.

(more…)

2006 Letter to Shareholders

Warren Buffett [pdf]:

Our gain in net worth during 2006 was $16.9 billion, which increased the per-share book value of both our Class A and Class B stock by 18.4%. Over the last 42 years (that is, since present management took over) book value has grown from $19 to $70,281, a rate of 21.4% compounded annually.*

We believe that $16.9 billion is a record for a one-year gain in net worth – more than has ever been booked by any American business, leaving aside boosts that have occurred because of mergers (e.g., AOL’s purchase of Time Warner). Of course, Exxon Mobil and other companies earn far more than Berkshire, but their earnings largely go to dividends and/or repurchases, rather than to building net worth.

All that said, a confession about our 2006 gain is in order. Our most important business, insurance, benefited from a large dose of luck: Mother Nature, bless her heart, went on vacation. After hammering us with hurricanes in 2004 and 2005 – storms that caused us to lose a bundle on super-cat insurance – she just vanished. Last year, the red ink from this activity turned black – very black.

In addition, the great majority of our 73 businesses did outstandingly well in 2006. Let me focus for a moment on one of our largest operations, GEICO. What management accomplished there was simply extraordinary.