The Herd Changes Course and Runs Away From SUV’s

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Robert Frank:

THE herd instinct is as powerful in humans as in other animal species.

Anyone who doubts it should rent “What Do You Say to a Naked Lady?”, the 1970 film by Allen Funt, the creator of “Candid Camera.” The money scene portrays a man responding to a help-wanted ad. He is directed to a waiting room occupied by men who appear to be other job seekers but are actually Mr. Funt’s confederates. At no apparent signal, these men stand and begin to disrobe. The hapless job seeker’s dismay is evident. Yet, after a few moments, he, too, stands and disrobes. At scene’s end, the men are standing naked, apparently waiting for whatever comes next.

Clearly, the herd instinct can lead us astray. For the most part, however, the impulse to emulate others serves us well. After all, without drawing on the wisdom and experience of others, it would be almost impossible to cope with the stream of complex decisions we confront.

Frank believes that the SUV craze started when Robert Altman’s “The Player” was released in 1992 (Great Movie). “The film’s lead character, the studio executive Griffin Mill (played by Tim Robbins), could have bought any vehicle he pleased. His choice? A Range Rover with a fax machine in the dashboard.”

Check out Tesla – an electric car startup.

NOBEL ECONOMIST ROUNDTABLE: ON GLOBAL WARMING AND GLOBAL FINANCIAL IMBALANCE

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New Perspectives Quarterly:

ON GLOBAL FINANCIAL IMBALANCES

Milken: A number of countries around the world — the United Arab Emirates, Singapore, Norway, Taiwan — have built up tremendous reserves relative to the size of their country. Most of them have not made the mistake of Japan, where deploying that surplus within the country through, for example superfluous road or bridge construction, caused massive increases in prices in the 1980s.

All in all, there is at least $25 trillion worth of surpluses in the world today that is invested short-term. It is pretty hard to find anything to put a trillion dollars into except U.S. government and private bonds or mortgage-backed securities.

Where do you see this capital being deployed? Do you see it just compounding away, or do you see them following the mode maybe of Singapore where the government is creating its own industrial companies?

Back to the Future: The Suez Crisis

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The Economist publishes a timely look back at the Suez Crisis:

The Suez crisis, as the events of the following months came to be called, marked the humiliating end of imperial influence for two European countries, Britain and France. It cost the British prime minister, Anthony Eden, his job and, by showing up the shortcomings of the Fourth Republic in France, hastened the arrival of the Fifth Republic under Charles de Gaulle. It made unambiguous, even to the most nostalgic blimps, America’s supremacy over its Western allies. It thereby strengthened the resolve of many Europeans to create what is now the European Union. It promoted pan-Arab nationalism and completed the transformation of the Israeli-Palestinian dispute into an Israeli-Arab one. And it provided a distraction that encouraged the Soviet Union to put down an uprising in Hungary in the same year.

Fixed Gear Bikes Illegal in Portland

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Cory Doctorow:

An Oregon judge has ruled that fixed-gear bicycles — which use the rider’s leg-power to brake them — are illegal, and must be outfitted with traditional lever/caliper brakes. The cyclist who was ticketed for the offense fought it in traffic court, and was represented by a pretty sharp attorney, judging from the partial transcript here. It seems obvious that “fixies” should be lawful, since they can satisfy the statutory requirement that bikes be “equipped with a brake that enables the operator to make the braked wheels skid on dry, level, clean pavement. strong enough to skid tire.” Nevertheless, the judge ruled against the cyclist — I hope she appeals.

Gopher

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Kottke on Gopher:

Gopher, developed in 1991 at the University of Minnesota, is a text-only, hierarchical document search and retrieval protocol that was supplanted by the more flexible WWW in the mid-1990s. Some servers running this old protocol are still alive, however. The WELL, an online discussion board and community that started back in 1985, is still running a Gopher server. If you’ve got a recent version of Firefox, you can check it out in its original Gopher-y state at gopher://gopher.well.com/ or with any web browser at http://gopher.well.com:70/.

I remember using Gopher (and being quite impressed by it) in the early 1990’s via a UW supplied dialup internet account.

This was before the growth of local ISP’s (Internet Service Providers). The UW told non faculty/students/staff to move on once the internet started to take off (1994?).

The Hard Disk That Changed the World

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Steven Levy:

The RAMAC, designed in Big Blue’s San Jose, Calif., research center, is the ultimate ancestor of that 1.8-inch drive that holds 7,500 songs inside your pocket-size $299 iPod. Of course, the RAMAC would have made a lousy music player. The drive weighed a full ton, and to lease it you’d pay about $250,000 a year in today’s dollars. Since it required a separate air compressor to protect the two moving “heads” that read and wrote information, it was noisy. The total amount of information stored on its 50 spinning iron-oxide-coated disks—each of them a pizza-size 24 inches—was 5 megabytes. That’s not quite enough to hold two MP3 copies of Elvis Presley’s “Hound Dog.”

Yet those who beheld the RAMAC were astonished. “It was about the size of two large refrigerators, about as tall as a person stands, and though it used vacuum tubes, it was always running,” recalls Jim Porter, who worked at Crown Zellerbach in San Francisco in the mid-’50s and would proudly take people to the basement to see what he claims was the very first unit delivered by IBM. “It really turned the tide [in the Information Age],” he says. “It was the first to offer random access, whereas before you would have to wind a tape from one end to the other to access data.”