Coruscation

Bing makes inroads in the search market.

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Is it Canada Day yet ?

Dominion Day alert from IICDY, via Twitter.

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"The conventional view is that housing appreciation is good because it reduces (default) risk. Not according to my theory, which is housing appreciation is bad. It encourages junior-lien borrowing. When appreciation stops, somebody is going to be left in a bad position."

-- Michael LaCour-Little, finance professor at Cal State Fullerton.

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Some good arguing on healthcare.

Luntz also wrote: "Healthcare quality = 'getting the treatment you need, when you need it.' That is how Americans define quality, and so should you. The key opportunity here is that this commitment goes beyond what the Democrats can offer. Their plan will deny people treatments they need and make them wait to get the treatments they can actually receive. This is more than just rationing. To most Americans, rationing suggests limits or shortages -- for others. But personalizing it -- 'delaying your tests and denying your treatment' -- is the concept most likely to change the most minds in your favor" [emphasis in original].

On its "Talking Points" page, congressional Republicans similarly stated that Democrats would deny access to medical care and treatments, claiming, "The Democrats' government-takeover of health care will deny access to medical care and life-saving treatments."

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YALE ECONOMIST ROBERT SHILLER delivers his forecast for U.S. housing with a scholarly diffidence that only slightly mutes his stark message: The market is in the throes of a bubble of unprecedented proportions that probably will end ugly.

Such unsettling talk is cheap, of course, especially from a tenured academic, and many sources, including Barron's, have wrongly predicted housing's downfall several times in the past few years. But the Ivy League professor's forecasts of coming trouble have been right before. His best seller Irrational Exuberance, predicting a bear market in U.S. stocks, hit the bookstores in March 2000, less than a week before the Nasdaq began a dizzying descent from above 5000 that would destroy 75% of its value in a little over 2½ years.

In the real-estate market, Shiller contends, a price slide could begin at any time with the crescendo of what he describes simply as "talk" -- a word that he uses to cover everything from the recent Time magazine cover story on the vertiginous rise in home prices and the popularity of cable-television shows about rehabilitating and investing in real estate to the breathless newspaper stories of Miami condos being "flipped" for profit a half-dozen times before construction even begins.

Continue reading "Bubble: Shiller @2005" »

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Urban-style development may be the brightest spot in a generally gloomy market. A recent survey of developers and investors by the Urban Land Institute for its annual Emerging Trends in Real Estate report found that urban redevelopment had the best prospects among all types of housing, while urban mixed-use properties and town centers scored high among niche property types. "These are the places that will be creating and holding value," Ms. Poticha said. She said proximity to public transit could raise property values significantly.

"It's moved from being an interesting idea to a core investment," said Jonathan F. P. Rose, the president of the Jonathan Rose Companies, a New York-based developer and investor.

The most successful projects do more than build housing near transit stations. They take pains to create livable neighborhoods, with parks, paths, retail stores and places for people to gather. "Place-making is key," Ms. Poticha said.

Continue reading "New rail lines, new urbanism, still growing" »

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Mrs Obama looks strong and healthy.

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A number of search start-ups have appeared recently that differentiate their offerings from older search engines' by playing up their specialized focus on the real-time Web. For example, OneRiot, based in Boulder, Colo., covers Twitter among other social media, but it has an intriguing means of reducing Twitter spam: it does not index the text in tweets -- it plucks only the links, reasoning that the videos, news stories and blog posts that are being shared are what others will be most interested in.

OneRiot follows the link, checks for spam by comparing the content of the page with the content of the tweet, and then uses its own algorithms to figure out where the link should go in its always-changing index of "hot" items.

Strictly speaking, this is not real-time processing. But checking links before adding them to the index seems to be time well spent.

Tobias Peggs, general manager at OneRiot, said his company could process, check and index a link within 37 seconds. When asked why he bothered to measure the seconds if it took 20 or more minutes just to receive searchable tweets from Twitter, he explained that the delays at Twitter's search site did not affect his company's search service, which receives the data stream at the same time Twitter's own search engine does. Because one venture capital firm, Spark Capital, has invested in both OneRiot and Twitter, OneRiot has "access to Twitter data that other third parties don't," Mr. Peggs said.

Continue reading "Twitter search One Riot" »

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So tells Alyssa Katz' Our Lot: How Real Estate Came to Own Us in an engaging economic history.

How and when did home mortgages become Wall Street's playthings?
Who invented subprime loans - and how did they remain legal?
Who won the presidency promising to help as many Americans as possible buy a home?
What did Fannie Mae really do?
How did renters become second-class citizens?
Could your house be a target for mortgage fraud?
Why do new homes generate more greenhouse gases than all the nation's cars, trucks and buses combined?
Through stories about ordinary Americans who did their part to make the United States a nation of homeowners, Our Lot reveals how real estate turned into a fatal national obsession.

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Do new-car buyers even drive clunkers ?

Am I driving a clunker because I cannot afford a 4 year old car ?
Will an extra $1000 trade in afford me a new car (or 14 month olf d car) ?

Update 2009 June 30:

"It has to be worth not very much and it also has to get very poor E.P.A. fuel economy," said Jack R. Nerad, the executive editorial director and market analyst for Kelley Blue Book. "It's a fairly narrow profile. You're talking about people who are probably economically challenged to begin with and they have to be able to qualify for a new car purchase in the midst of a deep recession. Those are some difficult parameters."

The case of the sad SAAB, junked with a work badge.

Continue reading "Trade in clunkers ?" »

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Interesting smartphone product segmentation from Blackberry / RIM:

Bold: 3G and WiFi
Curve 8900: WiFI
Tour 9630: 3G
Atlas: WiFi + ?

Continue reading "BlackBerry Atlas WiFi" »

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