August 27, 2007 • 1:32 pm 0
I expect many will hop on the pile here with notes of “It’s about time,” blah blah blah. I do think that he had become a liability, and I think that Gonzales unfortunately was unable to put forth an appearance of independence from GW. Its too bad for him personally, of course, but he came across as completely outclassed for this role.
Oh well. Will be interesting to see what momentum if any GW can pick up with nominating someone new.
• 5:59 am 0
I’d brainstormed on a business like this a few years ago. Totally makes sense–neat to see on car advertising networks taking off. Microeconomies like this — ones that have thrived on the internet — are bound to do more brick and mortar evolution per this example.
Your Ad Here, on My S.U.V.? And You’ll Pay? – New York Times
Filed under: business, consumer, entrepreneurship
• 5:32 am 2
That’s right, the Steelers took it to the Eagles, trouncing them 27-13 in Pittsburgh. Sure, it’s pre-season and the Eagles are in the NFC. Still, as a Pittsburgher, it’s always nice to beat a team from Philadelphia.
The Steelers had 3 turnovers, 2 by veteran players (Roethlisberger throwing an interception and Parker fumbling at the goal line). This is a troubling data point from today’s game.
It’s great the team hung together and got the W. Still, keep an eye on turnovers. The starters need to take care of the football. It shouldn’t take all of camp to get the rust out on that.
Filed under: pittsburgh steelers, sports
August 23, 2007 • 1:47 am 1
Say it ain’t so, Bus!
just faking that the injury happened on that short-yardage play. I had to fool the coaches and the team’s medical department into thinking the injury had occurred on that play. Otherwise, the Steelers would have had their reason to cut me and my salary.”
Business is business, I suppose, and his claim that the original injury occurred while playing for the Steelers does mitigate slightly. But boy does it read as unseemly.
The thing I don’t get is why he’d disclose this. He’ll sell a book, but it impacts his celebrity and announcer value. And it sounds just awful–beneath him. Not BUS-worthy.
ESPN – Bettis book: He ‘faked’ injury to avoid getting cut – NFL
Filed under: pittsburgh steelers, sports
August 22, 2007 • 9:38 am 0
New Pittsburgh Steelers’ coach Mike Tomlin knows football, and I love how he’s up-leveling the intensity of training camp.
Seems like he’s got something to learn about Pittsburgh though, as today’s USA Today shows:
When movie star Will Smith accompanied Tomlin to dinner at a local restaurant, fans mobbed their table — to meet Tomlin… Smith told Tomlin it was the first time in 20 years he had eaten in a restaurant and hadn’t been asked for his autograph.
“The irony is, Mike had been to the restaurant once before but couldn’t enjoy it because fans kept interrupting him,” Hammons says. “He figured if he took Will Smith, he’d have a peaceful meal.”
Coach Tomlin could take the Pope, Tom Cruise, Naomi Campbell and Heidi Clum to dinner, and he’d still be the only one people would want to speak with.
Welcome to Pittsburgh, Coach Tomlin!
For Pittsburgh’s Tomlin, it’s all about the details – USATODAY.com
Filed under: pittsburgh steelers, sports
August 21, 2007 • 7:33 am 1
This just in from the ‘no surprise’ department, Warren Buffett’s conservative, long-term approach to value investing has distressed mortgage lenders and other financial firms knocking at his door to sell him debt and other assets that have fallen through the floor in the last month.
Berkshire Hathaway is up 8.2% in the last 10 days, on rumors that everyone and their dogs are bringing deals to him.
The interesting thing about Buffett’s approach is why it’s considered so different and ‘against the crowd.’
<UPDATE> One thing I can’t get over when I read this article is the simplicity and wisdom of the BH policy of “we don’t buy in auctions.” Totally makes sense–a great way to overpay for something is to buy it at auction. Maximum sellers, competing on price–econ101 formula for overpaying.
Buffett looks like a genius when in fact it’s just discipline–don’t participate in buying processes that skew towards overpaying. Makes you wonder how so many companies justify participating in auctions to buy companies…
August 20, 2007 • 2:17 am 0
Or maybe not… Apparently the $3M purchase of “Where I’ve been” has not happened. Interesting quote from the guy who’s built the app.
Filed under: consumer, entrepreneurship, internet, tech, technology
August 17, 2007 • 5:04 am 0
No surprise at all that FB apps can get acquired–I’d love to understand the valuation model though. I’ve used this Where I’ve Been App. It’s a fine app, sure, but I’d be hard pressed to pay $3M for it.
The real question around valuation for something like this is how does one think about the opportunity costs? If 1-2 devs can build this app, post and deploy it via Facebook, why would a ‘big company’ buy it for $3M? Why wouldn’t BigCo get 1-2 devs to build the same app (or one slightly better), post and deploy it via Facebook? I can’t imagine ‘being first’ is all that important for an app like this…
Ah well, fools and their money.
Report: ‘Where I’ve Been’ Facebook app acquired for $3 million | Tech news blog – CNET News.com
Filed under: bootstrapping, consumer, entrepreneurship, internet, tech
August 16, 2007 • 3:39 am 0
So let me get this straight… An incompetent AG is now getting the power to ‘fast track’ killing people with the death penalty. Here’s a guy who can’t keep track of why he fast tracked firing people–why would we give him the power to fast track killing them?
Good thing he’s not the AG of Georgia or Troy Davis (see my other posts) would have been executed for what looks like a crime he did not commit.
Gonzales to Get Power In Death Penalty Cases – washingtonpost.com
• 3:37 am 0
An earlier post squarely criticized the travesty of justice that was unfolding in having Troy Davis executed for a conviction of killing cop based largely on testimony that has now been recanted.
What a blessing that Georgia halted the execution and has granted Mr. Davis a right to a new trial.
Kudos to Georgia and the justice system.
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