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generally general observations

Fantastic.

Ben Bernake

When is comes to the state of our economy the US government is out of answers and out of time. 

In his report yesterday Bernake, head of the Federal reserve, acknowledged that after hundreds of billions of dollars in bailouts the economy is still in dire straits.And that the deep wounds the economy has suffered actually required more than billion dollar band aids

As growth has sputtered this year, economists have pointed to higher oil prices, the Japanese earthquake, bad weather, and a lack of confidence. The unifying theme was that spending and investment would surge as these temporary impediments subsided. The Fed’s latest forecast, however, reflects the surprising weight of deeper and more intractable problems, including unsustainable public and private debts, the wreckage of the housing market, and trade imbalances. Roughly 25 million Americans were unable to find full-time work in May, and the central bank projects that most of those people will remain unemployed for years.

It may be a bleak image, but it’s the one staring back at us in the mirror.

Fortunately, entrepreneurs have not been sitting idly by.

In 2007, as customers of Northern Rock in London made a panic fueled run on the bank, Mark Pincus was launching Zynga. In 2008, as Goldman Sachs, Bank of America and others consumed hundreds of billions in bailout money, yCombinator was helping to launch future billion dollar businesses like DropBox and AirBnB for tens of thousands of dollars. While upwards of 25 million of our fellow Americans are hopelessly out of work, our portfolio companies can’t fill seats fast enough. While the rest of the nation sinks deeper and deeper into the depths of the greatest depression in our history, entrepreneurs are debating the presence of a bubble and frothy funding environments. 

The contrast is stark.

The economy we’ve constructed to support us in the past will not support our future. The insulation these institutions have relied on in the past will not protect them going forward. The same entrepreneurial energy that built this country will recreate it with, or without, the support of government leaders.

They had their chance to bail us out and they failed. It’s our turn to lead. We’ve done, with our hundreds of millions, what they couldn’t do with their hundreds of billions. From here on out we should work to build each of our company’s like the fate of our country depends on it.

Because, quite frankly, it does.

(via brycedotvc)

If corps can have a PO Box in the Cayman Islands for tax purposes, can’t a person have a PO Box in Libby, Montana for health care purposes?

How Libby, Montana, Got Medicare for All

By Kay Tillow

http://my.firedoglake.com

In 2009 when the Washington beltway was tied up with the health care reform tussle, Montana Democratic Senator Max Baucus, chairman of the all powerful Senate Finance Committee, said everything was on the table–except for single payer. When doctors, nurses and others rose in his hearing to insist that single payer be included in the debate, Baucus had them arrested. As more stood up, Baucus could be heard on his open microphone saying, “We need more police.”

Yet when Senator Baucus needed a solution to a catastrophic health disaster in Libby, Montana, and surrounding Lincoln County, he turned to the nation’s single payer healthcare system, Medicare, to solve the problem.

Baucus’ problem was caused by a vermiculite mine that had spread deadly airborne asbestos killing hundreds and sickening thousands in Libby and northwest Montana. The W. R. Grace Company that owned the mine denied its connection to the massive levels of mesothelioma and asbestosis and dodged responsibility for this environmental and health disaster. When all law
suits and legal avenues failed, Baucus turned to our country’s single payer plan, Medicare.

The single payer plan that Baucus kept off the table is now very much on the table in Libby. Unknown to most of the public, Baucus inserted a section into the health reform bill that covers the suffering people of Libby, Montana, not just the former miners but the whole community—all covered by Medicare.

They don’t have to be 65 years old or more.
They don’t have to wait until 2014 for the state exchanges.
No ten year roll out—it’s immediate.
They don’t have to purchase a plan—this is not a buy-in to Medicare—it’s
free.
They don’t have to be disabled for two years before they apply.
They don’t have to go without care for three years until Medicaid expands.
They don’t have to meet income tests.
They don’t have to apply for a subsidy.
They don’t have to pay a fine for failure to buy insurance.
They don’t have to hope that the market will make a plan affordable.
They don’t have to hide their pre-existing conditions.
They don’t have to find a job that provides coverage.

Baucus inserted a clause in the Affordable Care Act to make special arrangements for them in Medicare, and he didn’t wait for any
Congressional Budget Office scoring to do it.

Less than two months after the passage of the health reform bill on March 23, 2010, Nancy Berryhill of the Social Security Administration in Denver joined personally in
setting up an office in Libby to sign up these newly eligible people.  “This is a new thing,” Berryhill told the Missoulian. “No other group like this has ever been selected to receive Medicare.” Berryhill issued a nationwide alert to inform anyone who had lived or stayed in Lincoln County of their eligibility. She opened a storefront in Libby at the old downtown city hall where she signed up 60 people on the first day. She plastered the towns of Whitefish and Eureka with pamphlets explaining the program and added three new staffers to the office in Kalispell.

Berryhill said she did not know how much the care would cost. That kind of analysis was beyond her directive to sign the people up. There have been no reports of competition from the private for-profit Medicare Advantage plans. The sick are not profitable.

No one should begrudge the people of Lincoln County. The mine wastes were used as soil additives, home insulation, and even spread on the running tracks at local schools. Miners brought the carcinogens home on their clothes. The W. R. Grace Company dumped much of the clean up costs onto the federal government. A June 17, 2009, order by the Environmental
Protection Agency, the first of its kind, declared Lincoln County a public health disaster. The Libby Medicare provision in the health reform law is based on the area covered by that EPA order.

Baucus gave his reasons to the New York Times for its only story on this unique benefit: “The People of Libby have been poisoned and have been dying for a decade. New residents continue to get sick all the time.  Public health tragedies like this could happen in any town in America. We need this type of mechanism to help people when they need it most.”

Health tragedies are happening in every town. Over 51 million have no insurance. Over 45,000 uninsured people die needlessly each year.  Employers are cutting coverage and dropping plans. States in economic crisis are slashing both Medicaid and their employees’ plans. Nothing in last year’s reform law will mitigate the skyrocketing costs. Most insurance is threadbare and doesn’t cover. More than 50% of us now go without necessary care. As Baucus said of Medicare, “We need this mechanism to help people when they need it most.” We all need it now.

Bill Clinton recently stated that the U. S. could give coverage to all for one trillion dollars a year less than we now pay if we adopted the system of any other advanced nation. (Unfortunately, he did not say this when it would have mattered most during the 1993 and 2009 health care reform debates.)

Other industrialized countries have found that to cover everyone for less they must remove the profit-making insurance companies. Congressman John Conyers has reintroduced HR 676, the Expanded and Improved Medicare for All Act, which does exactly that. There are 60 cosponsors. It would cover all medically necessary care for everyone including dental and drugs by cutting out the 30% waste and profits caused by the private insurers.

So as the Ryan Republicans try to destroy Medicare and far too many Democrats use the deficit excuse to suggest cuts in its benefits, let us counter with the Libby prescription to clean up the whole mess. Only a single payer, improved Medicare for All, can save and protect Medicare, rein in the costs, and give us universal coverage.

Medicare will celebrate its 46th birthday on July 30, 2011, and all are invited to join in the festivities. Medicare was passed in 1965 and implemented within less than a year. When we pass HR 676, this single payer bill, we can all be enrolled in the twinkling of an eye.

brycedotvc:

What the above video lacks in audio and production quality it makes up for in its prescience for the future. Sure you could go drop $150 on the Ray Ban website for a pair of Wayfarers OR you could spend the same amount for this pair of HD enabled, socially networked, video streaming sunglasses and its companion iPhone app on Kickstarter. This project is the brainchild of former FLIP engeneers that are:

developing Eyez™, the latest innovation in personal video recording technology. Eyez™ embeds a 720p HDvideo camera within a pair of eyeglasses designed to record live video data. The recorded data can be stored on the 8GB of flash memory within the Eyez™ glasses, transferred via Bluetooth or Micro USB to a computer, or wirelessly transferred to most iPhone or Android devices. After a one-time download of the “Eyez™” smartphone and tablet app, users can wirelessly broadcast the video in real time to their preferred social networking website. 

Now, I’m not endorsing this specific project as a winner but it is more signal that wearable computing is on the rise. As the price for enabling components drops, always on connectivity in our pockets and purses increases, and access to low cost manufacturing resources and know-how rises we’ll see innovation continue to push into these most personal forms of computing.

From  pedometers to cufflinks and from connected ski goggles to connected watches the rise of the wearables is upon us…

Daddy starts his day with a little rage -

After 9-11 Clear Channel put together a list of artists and songs that they considered “questionable”. Rage Against the Machine had the honor of being the only artist to have every one of their songs included on the list. I’m sure they were heartbroken.