Hello and welcome to this week’s Carnival of the Capitalists! We have an exciting and wide ranging line up, which I have tried to categorize (a mostly futile exercise, I might add) for your reading pleasure.
So with no further adieu, I present this week’s entrants:
If I missed your trackback, email it to thebigpicture -at- optonline -dot- net.
“October 17th was the day that the web was officially born just 10 years ago. That day a company called Spry (later CompuServe then AOL) introduced a product called “Internet in a Box.” For the first time, you could trot down to a store, buy a software package, take it home and have everything you needed to connect to the Internet and the World Wide Web . . .”
“How to get your customers to fill you in – with the information you need in forms to be filled up. Let them form a good impression of you and your store – give them forms with function”
“The frustration for Johnny was obvious. His website had strong visitor traffic numbers, he thought. Johnny’s site offered a complete line of very good, and highly reputable products. He thought he had set up an acceptable way to buy them online.
There were plenty of visitors arriving daily to make any online business a major success. The problem for Johnny was, despite the large number of people visiting his site, not many of them bought his products.”
Blogs are becoming the “topic” of the day, all over the web, it seems. Jane
cannot open any newsletter, magazine, ezine, or even regular email, without
a question or comment on blogging present in the content.
We are delighted to see our favorite form of communication getting the
attention it deserves, but… the true purpose of web-logging is getting
lost in the rhetoric bouncing around the net.
Incidentally Yvonne gets a bonus mention for “Dickless Marketing: Smart Marketing to Women Online,” — I can’t comment on how effective that title may be — but it sure got my attention.
Alan Greenspan & the Federal Reserve
“It’s not a community that any party has a lock on,” says Ismael Ahmed, the executive director of Access, the biggest Arab-American social services agency in the country, which is based in Dearborn. “Especially a community like this one where 60% weren’t born here. We’re not really committed to either party.”
“We were motivated when we backed Bush and we are motivated now,” says Osama Sablini, Aapac’s chairman and publisher of the Arab American newspaper, who backed Mr Bush four years ago. “The Bush administration has been a major disappointment to this community and we cannot afford four more years of this.”
-Under siege since 9/11, Arab voters shift to Kerry
When the dust settles on this election, a significant shift will have taken place in several key demographics. Due to a random twist of fate, this will be especially true in the swing states.
The resulting shift in traditional party affiliations could very well throw the election to the challenger.
Since early this year, we’ve been watching a number of key voting blocs “flip flop” (sorry) away from their prior voting patterns. The demographic ethnic groups with the greatest potential to impact the 2004 Presdiential election are both Cubans and Hispanics in Florida, and the Arabs-Americans in the Midwest.
On numerous occasions this year, we have noted, Cuban American voters in Florida continues to be a potential problem for President Bush in the upcoming election. Further, we similarly observed that the President’s support amongst Arab American’s have tumbled, and significantly for this election, in the swing states.
Whether this is a permanent change of party affiliation, or just a reaction to the present regime, is unknown. But it is clear that major changes are taking place. So says The Guardian:
Rob Fraim is a reader of mine who puts out his own amusing comments each day via email. Today, on the 17th anniversary of the 1987 stock market crash, he put out his recollections from that day.
I found them so interesting that I suggested Rob (who is blogless) post them here. He gladly agreed. Without further adieu, here is Rob’s version of 1987 Crash Revisited
October 19 – the day that each year gives old-timers in this business a renewed facial tic and post-trauma flashbacks.
“What?” you say. “You mean you were actually there, Grandpa? You remember the Crash of ’87?”
Yes, I was, and yes I do. Confirming rumors that I am, in fact, older than dirt I note that I was in this business in 1987 – and had been for a few years prior (I started in 1983.)
I was having dinner last week with a friend who runs a hedge fund (another graybeard, although he looks younger than me) and we ended up talking about 1987. He had a great story about the whole thing (which I’ll let him tell you about someday if you ever get to have dinner with him.)
So I thought I would take a moment to reflect on my own Crash Experience – and perhaps some of you will share your October 19, 1987 story (provided you’re not a whippersnapper who would be relating what was on freakin’ Sesame Street that day! I really hate you guys. You’re svelte and unwrinkled and smart and energetic and I’m just liable to whup you if you’re not careful.) Maybe we’ll even get a recounting of the aforementioned dinner tale from last week. So if you feel like it, drop me a note with your recollections. If I get enough to make it worthwhile, perhaps I’ll compile them for sharing.)
“What I Did During the War (or What Felt Like One Anway)” or…
“Dr. Strange-Broker or How I Learned to Stop Worrying and Love the Bear” by Rob Fraim
I was 29 years old, 4 years in the business, with two young children. I thought I had investing figured out, didn’t really, and was working for the old Dean Witter (now Morgan Stanley.) The market had been mostly good during my relatively brief time in the business and I had survived the crucial new-guy starvation years and had built up a fairly good book.