The fall of Lehman Brothers and the role of financial regulation

Reading this article, Tales From Lehman’s Crypt – NYTimes.com, I was really impressed by how the employees interviewed took little or no responsibility for what happened at Lehman Brothers. Indeed, some of them insisted that it was the regulators job to stop them from doing the damage they did.

In the near term, after the political battle over health care has settled done, there will be a battle over regulation of the financial industry in the U.S. During that battle, there will be people who will say that strict regulation isn’t necessary, while others will insist it is essential. Having this article in mind will be useful while you listen to that debate.

(Image from http://www.broadcastnow.co.uk)

On deleting tweets on twitter

I don’t have anything to add on the whole Kanye West story. I do want to comment on this, though: ABC’s Moran removes tweet with Obama swipe at Kanye – Michael Calderone – POLITICO.com.

Even though the tweets were removed, they were still available as of last night via Google’s caching. (And to be fair to Michael Calderone, he does acknowledge that.) Anyone who thinks they can post things on the Internet and then by deleting them not have anyone see them is in for a surprise. Ask Terry Moran.

On planned obselescence and being green

Dealing with all the disposable waste that we produce is an important way of being green.  Any way you can eliminate purchasing something you immediately have to toss is a good thing.

I think what we need to tackle as well is things manufactured to be obsolete. One of these things is lightbulbs. Fortunately, there is good news on that front, according to the blog, Inhabitat. According to this post, Panasonic’s New LED Bulbs Shine for 19 Years:

Despite lasting longer and being more efficient than both incandescent and CFL bulbs, LEDs haven’t caught on because of their sky-high prices. But now Panasonic wants to bring LEDs to the mainstream — at least in Japan — with a 60-watt household bulb that the company claims can last up to 19 years, or 40 times longer than incandescent bulbs.

Not only are they long lasting, but they are LED. This is a good thing.