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2012 is turning out to be quite a year.
Yesterday saw a milestone!! Facebook has filed for an IPO.
As I go through the so-called S1 filing and assess the future, what is clear is that the 5 Billion offering will be positioned to allow the company to be valued at 100 Billion Dollars.
The Facebook Team must be congratulated for putting together such a blockbuster platform. It is becoming the fabric that binds the World together. It is becoming so vital that even NASA got into the game by releasing a Social Game late yesterday!! Anyone who ignores Facebook does so at their peril.
The question is now: What's next?
Welcome to 2012!!!
It has been quite a year. Earlier, I released a retrospective on the Election Season in SP's sister site, Outisder Views. I wanted to begin this "watch" on the state of the Economy .
The US Economy has been growing. The growth has been anemic and the growth has not trickled down to pick up the necessary job growth. The Obama Adminstration has touted the job creation engine that has helped to bring the so-called official unemployment rate down to the current level. To help things along, the President delivered his Annual State of the Union (SOTUS) as mandated by the US Constitution and it was generally perceived to be a good speech.
The one theme that I found quite striking was his theme of "Build to Last". It was quite striking how he took the theme away from one of the top management thinkers of our time, Jim Collins. There is a general consesus that the United States needs to be rebuilt in a major way. The question is how this is going to happen.
The debate is just starting to shape up.........
Welcome to 2012 here in "Outsiders"!!!
It has been a very interesting and exciting 2012 already and we have only finished the first month!!!
In the United States, the Presidential Campaign has been in full swing. Punditry throughout the World has been quite busy trying to figure out what happens next. The Republican Candidates have fallen by the wayside and it clearly appears that Mr. Romney will be the Republican Nominee.
After the latest wins and post-analysis that the World has been subjected to, I was quite amazed to see Mr. Romney's latest interview that he did the day after he won Florida. He won Florida quite handily. What was amazing to me was how more than half the Republican Voters actually voted against him. As I assessed the vote, I also was amazed by what Romney said about , "..not being concerned about the Poor" because of the safety net that the poor had--including housing vouchers, Medicaid and food stamps. This was as he has been one of the cheerleaders of the Paul Ryan Plan that actually proposes to radically cut back on such services.
Barack Obama is gearing up for what is clearly going to be a tough re-election fight. As I assess the landscape, the President chances of getting re-elected are even at best in light of the continued challenges throughout the economy and the depth of the hatred and opposition to the President. The advent of Citizens United has given the so-called New Conservative Movement and its' backers (the Koch Brothers, Sheldon Adelson For Gingrich and many others) who seem to be pushing a very narrow agenda before them.
Throughout the past two months, I also saw the majority of all the Repubilcan Debates. There are those who noted that the debates were too many and it actually turned into a freak show. I totally disagree. The debates actually laid out who had what it took and who didn't. Some who did well in debates ended up being exposed by some very savvy reporting on things that they did that questioned their character and their intergrity. Of all the Candidates who continue to remain, one wonders who will truly be left standing even though Romney continues to be in the drivers' seat.
Florida is now history and the show has now moved to Nevada that happens to be one of the hardest hit states in the Country. It will be quite a scene to assess what the next stage can be: But, beyond the Presidency though, there is the election to the Congress that would see one of its' largest transitions ever due to retirements and redistricting.
As I conclude this first edition of the 2012 Americas Watch Series here in "outsiders", I wanted to release what Charlie Cook of the National Review wrote on Congress that speaks volumes as to what to expect and the roadamp ahead as the US will continue to be faced with Economic Challenges over the next number of years:
Lower Than Low
By Charlie Cook, National Journal
The ABC News/Washington Post and CNN/Opinion Research national polls released this week that show Congress's job-approval rating dropping to record low levels are barely creating a ripple - because the news is not new. With the exception of the immediate aftermath of extraordinary events like 9/11, the public routinely holds Congress in, as they say, "minimum high regard." But now, the new norm is record lows. Both polls showed that upwards of eight of 10 Democrats, Republicans, and independents alike disapprove of the institution - an instance of rare agreement for three such disparate groups.
What is new is that in recent months, the long-held distinction between how voters see Congress overall and how they view their own members of Congress seems to be diminishing as well. An NBC News/Wall Street Journal survey in August found that 54 percent of respondents would choose the option (if it were on the ballot) to defeat every single member of Congress, including their own. Only 41 percent would not do so. Now, routinely, when voters are given the choice of reelecting their own (unnamed) member of Congress or choosing to "give a new person a chance," majorities opt for the latter.
One of the more unfortunate trends in recent years has been that Washington and the political world have increasingly looked at politics and policy on a single lateral partisan or ideological plane, without considering other possibly important dimensions. Too many view everything on a left-right ideological axis or on a Democratic-Republican plane, viewing every issue or development as a zero-sum game. If we can make the other side look bad on this issue or subject, we will look better, they reason.
Political operatives and reporters, cable political shows, and Internet blogs tend to feed this tendency. Members of Congress gamely go along with it. Little appreciation exists for how much these attacks damage the institutions or the process. Lawmakers seem unaware that they are also inflicting damage on themselves. The cumulative impact of this mutually assured destruction is that congressional service that used to be viewed back home as a pedestal may start looking like a ditch; the advantage of incumbency, in other words, can become a disadvantage.
When the Gallup Poll tallied up its 20,392 interviews over the 2011 calendar year, it found that a record 40 percent of adults called themselves independents. By comparison, just 31 percent identified themselves as Democrats and 27 percent as Republicans. Those people in politics should consider how independents react to this towel-snapping. Partisan attacks and jockeying for a better position may earn approval from a party's adherents. But the reaction of independents is something else: They take a dim view of combatants on both sides. Also noteworthy is that while Democrats hold a 4-point edge in overall party identification, when independents are asked which way they lean, more of them point toward the Republican Party than to the Democratic Party - a new development as well. The Gallup "leaned party identification" is now dead even at 45 percent, meaning that 45 percent call themselves Democrats or lean that way, with an identical percentage tilting toward the GOP. The remaining 10 percent are "pure" independents. It's a safe assumption that this 10 percent takes a dim view of both parties and both chambers of Congress.
Of course, so many districts are drawn so partisanly that it takes a fertile imagination to come up with a scenario in which many incumbents lose reelection. But that list of members who can pretty much do whatever they want shifts a bit from one decade to another as new lines kick in after redistricting. We will undoubtedly see more competitive congressional races in California in 2012 than in the entire last decade because an independent commission drew the lines, forcing some members to clean off the cobwebs on their political organizations, to the extent that they still have organizations, back home. Others may be facing a fresh set of constituents. Will voters see their new members of Congress in the same way that they saw the old ones, particularly if they know next to nothing about them?
Will one-fourth of all House members seeking reelection lose either their primary or general elections this year? Absolutely not. Will a fifth? Probably not, given that the Vital Statistics on Congress reports that the House's lowest reelection rate in the past half-century was 86.6 percent in 1962. But we could see about a tenth of incumbents lose, an unusually high turnover rate, with some losses attributable to redistricting and others to the deteriorating environment for incumbents. While a tenth of all incumbents seeking reelection losing doesn't sound like a disaster, it is catastrophic for the members (and their staffs) who come up short.
The bigger toll, however, may be the growing reluctance of able men and women to run for Congress. Although the House and Senate will never lack for ambitious people seeking seats, will the caliber match that of the past? How many good people will opt not to seek a seat in an institution that has taken such a battering? Since the mid-'80s, Congress has taken a furious pounding, from within. How will that damage ultimately manifest itself? The answer is not entirely clear, but no doubt it will.
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Over the past three weeks, I have been thinking about the year that has passed. 2011 has been quite a year. The pace of change and the actions have been nothing less than spectacular. When the final history is written, 2011 will be remembered as very much a transformational year in many ways
[ Click here to read more ]
Over the past three weeks, I have been thinking about the year that has passed. 2011 has been quite a year. The pace of change and the actions have been nothing less than spectacular. When the final history is written, 2011 will be remembered as very much a transformational year in many ways
[ Click here to read more ]
Over the past three weeks, I have been thinking about the year that has passed. 2011 has been quite a year. The pace of change and the actions have been nothing less than spectacular. When the final history is written, 2011 will be remembered as very much a transformational year in many ways
[ Click here to read more ]
As I have continued my assessment of the Year that has just passed, I begin with what happend to the Murdoch Empire. The Murodoch Empire was under siege for quite some time as it became apparent how it went about gathering news.
Fox News, The Murdochs' US Arm, is the dominant news organization that caters to the Conservative Right. What I have found quite amazing is how many have noted how US Republican Presidential Candidates not only must go through a primary process for the party nomination, but also a "Fox News Primary". This clearly underscores the power that the network does indeed have to help set the tempo for what conservatives think and believe
[ Click here to read more ]
One of the most important events of the past year was changes in Burma. The openings that were initiated by the new Government has been refreshing and hopeful. I have been quite encouraged by the developments.
Beyond Burma, I have been assessing China. Although China has continued to grow and work to assert its' influence, the fundemental structural challenges China faces are of profound concern. Reports of internal unrest are worrisome developments due to the slowdown in the World Economy. People are not as willing to take on the consumer good coming out of China right now
[ Click here to read more ]
2011 saw quite an evolution in the media in our World. I have been quite amazed at the rise of the internet and how there is a total scramble to dominate the Post-TV world.
As I write this, I am listening to a live broacast of the Farsi Service of the Voice of America over the internet. Right now, they're broadcasting Miranada Cosgrove which I am pleased to see. I also have been quite excited about what the US has done to launch its' Virtual Embassy for Iran. Unfortuantely, it has been blocked by the thugs in Iran. The power of Internet continues to grow by leaps and bounds in dissemanting Information and to bring people together like never before
[ Click here to read more ]
The 2012 campaign in the United States has begun in earnest. Over the past year, some 18 debates has occurred between the Republican candidates.
The changes throughout the year has been nothing less than mind boggling. The ups and downs in the polls has sure given the talking heads in the mainstream media a lot to think about and talk about. The one that drives me ever more crazy is the Gallup Daily Tracking Poll. I am waiting for the Hourly Tracking Poll to be introduced soon. I wonder if the folks at eithe Gallup or Rasumseen have actually thought this through
[ Click here to read more ]
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Comment by Mike Pouraryan
on "Outsiders" Newsflash (8/21/2011): Libya Right Now....
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