Buying a House in NY

We’ve been trying to buy an appartment or a house in the area for a few months now, and after a few failed attempts (rejected offers, failed inspections, etc), it looks like we finally found something — an entire house up in White Plains, NY. Aside from having to adapt to suburban life, my commute will actually be the same as it is now from Jersey City. Anyhow, that’s all not that interesting to you, I’m sure, so let me get to the point.

We’ve decided on a beautiful 1923 colonial-style house, and as any old house it needs a little bit of work. The most interesting part is the heating system. The house has nice old steam radiators which are powered by one of the scariest pieces of equipment I have seen in a basement to day. An old ca. 1930s furnace which seems to be and old coal furnace which was then converted to oil. The icing on the cake (yeah, really, the white stuff on the furnace) is lovely asbestos. At first, I was a wee bit freaked out about it, but I quickly learned that this is pretty normal in these old homes. Obviously the removal of the monster and the asbestos will be the first thing before we move in, but I wanted to share some pictures of this antique.
Read more

Youtube starts offering premium content

According to Ars Technica, youtube has introduced full-length video content also. All this video is supported by advertisement.

Youtube hasn’t been successfully turning the site into money yet, maybe this is a sad attempt at that. Frankly, I think it completely waters down their brand (if they really have one, that is). Who really associates premium content with the site that has an endless supply of kitten videos?

Then again, McGyver is hardly “premium” content. I wish they’d also add Airwolf and Knight Rider. You can already watch The Fall Guy on Hulu.

Hulu, You Trendsetter

Now that we’re all rescued (*cough*), let’s focus back on things more fun than the recession. I posted earlier about the “video bubble”, notably Hulu being a trendsetter which sparked a lot of interest and other companies pursuing similar ventures. And, might I add that my company did the user experience and initial technology design work for Hulu ;)

The road to… digital

I think in the long run we’ll see a lot of changes in the industry. Sites such as Hulu, TheWB.com, and others to follow will sooner or later revolutionize the way we watch TV. Cable operators are still trying to ignore this by doing things such as instantiating download limits. Yet it’s just a matter of time before we all have the Internet built directly into our TV and/or set top boxes and can watch our favorite House episode any time we’d like directly from the Internet and on the TV. This will most likely cannibalize traditional TV offerings, yet this trend offers huge potential even for the cable operators if they were to embrace it — and they’re slowly realizing it, otherwise Comcast would have never launched Fancast. Maybe that’s the real reason for the download limits — to skew competition and boot the cable provider’s own video sites?

There are still a lot of hurdles to be overcome. For example, Hulu is struggling with the cost of bandwidth resulting from the massive video streaming which seems in no proportion to the incoming advertising revenue. Also expect ad revenues to decline in the near term — we’re in a recession after all.

Today a co-worker forwarded an interesting article on AdvertisingAge about Viacom and HBO jumping on the bandwagon also. Then again, I already knew that, but I’d have to kill you if I told you why :-)

The Law&Order Effect

While I love the ability to watch a lot of things directly online, there’s one big thing about my TV that I miss online. TV is passive entertainment, you turn it on and that’s all you have to do. No effort involved, unless you feel like channel surfing. In the online world the myriad of options make discovering something to watch work — the editorial responsibilities are shifted from the channel to the end user. Sometimes, I really just want to watch Law&Order or be surprised by the evil-gargoyle-eats-soldiers movie of the day (SciFi channel, of course).

Maybe that’s an idea for another online video startup? Venture Capital, someone, please?

More Ranting

I guess I kind of shifted the focus of the recent posts from anything technology related to the financial mess we’re in right now. But it’s pretty fascinating to me how this house of cards could have been built and how it’s now collapsing rather quickly.

CDOs explained

CDOs, or collateralized-debt-obligations, are one of the big the financial weapons of mass destruction causing the mess:

Crisis explainer: Uncorking CDOs from Marketplace on Vimeo.

Where will it all go?

I wonder if in the long run the US will realize that the American model has simply failed and revert to a more moderate European capitalism. One that includes government oversight and social responsibility as a core pillar of the economy - rather than putting the focus on profit alone. Europe might not have quite the perfect mix either, but are years ahead in that regard. Unfortunately even the Europeans bought into Wall Street’s craziness and have the price to pay for it now. Globalization is one of the big reasons why many countries will have to work together to solve this underlying problem — the wrongdoings of one can just affect others too much. Think about it, the country of Iceland is basically bankrupt because of this. Unfortunately the Bush administration doesn’t exactly have a good track record of working with other nations (remember “either you’re with us or against us”?). Yet in many ways our system of countries and government seems too outdated to effectively combat the world of international finance.

On a side note, the national debt clock right around the corner from my office on 6th Ave in Manhattan ran out of digits today. There are many reasons for this, especially over the past 8 years. The focus of any adjustments that are made in the future to the financial system and economy as a whole have to focus on sustainability.

An interesting topic in the current election is the focus on universal health care. The US health care system is run by profit-oriented companies and their special interest organizations and really just hitting the fan. Many people aren’t cared for and many that are can’t afford to pay their bills. Having lived in Europe for most of my life I must say I prefer the European approach to things. The quality of live is just simply better and no-one has to worry about medical bills putting you out in the street. And I never got the impression I was cared for less over there — quite the contrary, American doctors annoy the crap out of me, all they ever want to do is make more money on tests and drugs without any real reason for it. I miss paying my 10 € a quarter even when going to a specialist. And not getting hit with about 10 bills after my $25 copay every time I go to the doctor (secretly my message here should be: eat more vegetables).

Let’s hope people learn out of this one. I’m really an optimist at heart :)

Gloom

My predictions just became gloomier. I fully expect the Dow to go down as far as 6000-8000 points before it recovers. Interest rates will go down in the short term, I think the Fed might very well lower them at the end of this month. However, this will come back to haunt us by driving up inflation, which will in the longer term increase interest rates. I think we’ll see over 10% or more within the next few years, just like in the 80s.

I don’t think we’ll all be out of jobs or going into another major depression. Just a deep recession. Non-essential budgets will get reduced (think advertising, like the industry I’m in right now - oy).

Oh, and can they just keep Bernanke from speaking out publicly? Everytime that guy makes an announcement the Dow drops 300.

wtf?

There’s nothing like getting to work early to be greeted with the total meltdown of the financial system. Lehman is bankrupt, Bank of America buys Merril, etc. What in the world is going on. Really?

Bank of America is still doing alright, that’s comforting. But it seems to me that the entire country has been in a drindling downward spiral for about a year now with no end in sight. Housing down, people defaulting on loans, not paying credit card debt, banks failing, rising inflation and unemployment. This is making the crisis of the 70s and 80s look like a joke in comparison.

I have no words beside: WTF?

Small update: While my initial bet yesterday morning was that the DOW was going to drop 1000+ points, it really “just” went down 504. But I read today that there is still potential for a total meltdown.

Honestly, what the f!@#$ where they thinking when they came up with the crap like CDOs?? “The average price of housing in the us will never drop” — sounds to me a lot like “We’ll never need more than 640k of memory”.

Sun Releases xVM Server under Open Source License

It looks like VMWare ESX server is no longer the only freely available bare metal hypervisor (i.e. one that doesn’t require a full-blown OS but runs directly on the hardware). I tried to play with ESX but was kind of put off by the particular enterprise hardware it required, there is no way to run it on commodity hardware. Sun now released they xVM hypervisor under the GPLv3. Currently you can only download the source code, but I am looking forward to a binary release. I am hoping it’ll run on one of my servers at home :)

“Sun xVM Server is an outgrowth of the Xen project — which raises the question of why a company would go with Sun’s version rather than the Xen one. Apart from its support for SPARC and Solaris (as well as other chips and operating systems), Sun is also building a services and sales organization around a commercial version of xVM server… If you want to kick the tires or cut your costs, you can hop over to xVMServer.org, download the source (GPL 3) and join the community. But Sun is betting that, as deployments move from an initial testing phase to active usage, large organizations will be willing to pay for guaranteed support (starting at $500 per year per physical server).”

Check it out on xvmserver.org

The Death of FireFox

Crap. First FireFox crashed, then, when restarting, it told me it needed to install updates.

After hitting the ok button, it tries the update again, fails. Ad infinitum.

WTF??

Do I have to use Chrome now afterall? ;)

Cool Ads in the New World

Remember those TV shows that featured the funniest TV advertisements? Nowadays, I usually feel online advertisement is stupid, boring, flashy, CPU intensive and makes me simply flip on AdBlock+. Yet there are a few exceptions, and the latest Apple commercial on the New York Times web site is simply brilliantly executed (also on youtube).

This makes the Microsoft attempt at being hip, i.e. the Gates and Seinfeld ad, which I incidentally don’t really get, look even more pathetic. Oh yeah, and didn’t Seinfeld always have a Mac on his desk?

This post was proudly typed up on an iMac.

Google’s Android GPhone Already a Flop

Disparagement of Android has touched on everything from an alleged lack of sophistication and stability in the software, to the fact that successful devices such as the iPhone and the BlackBerry are based on a different technology model. “The best experiences out there today are ‘vertical’ experiences, where the hardware and software come from the same company,” said Tom Conrad, chief technology officer of Pandora, whose internet music service is one of the most popular applications on the iPhone.

Google’s Android GPhone Already a Flop

Next Page →