It’s the first day of Spring Training games!!
Oakland vs SF at noon!
LET’S GO OAKLAND! Clap clap clapclapclap!
n. a collection containing a variety of sorts of things.
In the two years that the democrats had the White House, the House, and the Senate, we got Wall Street reform, student loan reform, credit card reform, healthcare reform obviously, the fair pay act, expanding of the GI bill, they re-authorized the children’s health insurance program, expanded national service programs, fixed the sentencing disparity for crack versus powdered cocaine. We got the 9/11 first responders bill, we got the hate crimes act, they ratified the Start treaty between us and Russia on nuclear weapons, they repealed Don’t Ask, Don’t Tell, they did cash for clunkers, they did the stimulus which included the largest middle-class tax cuts ever. That was all done by the Congress that was elected at the same time as President Obama in 2008. They were elected in November 2008, sworn in January 2009 and over the next 2 years they got all of those things done. Then, the republicans did really well in the midterms, and republicans took control of the House for the first time in years and, John Boehner became Speaker. And since then, there has not been a single significant piece of legislation enacted into law.
Definitely fun to look back, with the benefit of hindsight, at just how wrong now-being-asked-to-step-down Microsoft CEO Steve Ballmer was in 2007. How very, very wrong.
"Let’s see how the competition goes…"
Just to beat a dead horse, after seeing the post noting Apple’s iPhone business now brings in more revenue than all of Microsoft’s businesses combined, Jason Hiner reminded me of Steve Ballmer’s classic 2007 video laughing off the iPhone announcement (above).
To be fair to Ballmer, he does say that selling a $500 fully-subsidized phone is insane, and Apple did end up dropping the price, which has fueled sales. Still, the business argument sounds like something RIM would (and did) make. How’s that working out for them now?
As for “I like our strategy, I like it a lot” — there’s simply no excuse. Windows Mobile was quickly exposed for the turd it was, and Windows Phone, while good, was far too late. But 2007 wasn’t all bad for Ballmer…
This is a long post but it’s about something pretty interesting so I hope you’ll indulge …
Like many folks, Occupy Wall Street has been some doing good work in the aftermath of Hurricane Sandy, helping people on the ground.
Now OWS is launching the ROLLING JUBILEE, a program that has been in development for months. OWS is going to start buying distressed debt (medical bills, student loans, etc.) in order to forgive it. As a test run, we spent $500, which bought $14,000 of distressed debt. We then ERASED THAT DEBT. (If you’re a debt broker, once you own someone’s debt you can do whatever you want with it — traditionally, you hound debtors to their grave trying to collect. We’re playing a different game. A MORE AWESOME GAME.)
This is a simple, powerful way to help folks in need — to free them from heavy debt loads so they can focus on being productive, happy and healthy. As you can see from our test run, the return on investment approaches 30:1. That’s a crazy bargain!
Now, after many consultations with attorneys, the IRS, and our moles in the debt-brokerage world, we are ready to take the Rolling Jubilee program LIVE and NATIONWIDE, buying debt in communities that have been struggling during the recession.
We’re kicking things off with a show called THE PEOPLE’S BAILOUT at Le Poisson Rouge on Thursday, November 15. It will also stream online, like a good ol’-fashioned telethon!
Friends, the line-up is insane. Performers include:
- JEFF MANGUM (Neutral Milk Hotel)
- JANEANE GAROFALO
- GUY PICCIOTTO (Fugazi)
- LIZZ WINSTEAD
- HARI KONDABOLU
- TUNDE ADEBIMPE and KYP MALONE (TV on the Radio)
- members of DAS RACIST
and other great talents including a group of radical nuns! I’ll be playing the role of JERRY LEWIS, emceeing in my tuxedo from MEN’S WEARHOUSE.
This will be a joyful, positive night about people banding together and subverting a predatory financial system in order to help each other. BOOM! That’s a movie pitch right there, goddamn why am I not a Hollywood mogul?!
Anyway, HERE IS THE INFORMATION about THE PEOPLE’S BAILOUT:
- The LIVE SHOW is at Le Poisson Rouge on THURSDAY 11/15, 8 - 11 PM. Tickets are $25 (each ticket buys $500 of distressed debt).
- The LIVE STREAM will be at http://rollingjubilee.org (you’ll be able to donate online)
- Here’s the FACEBOOK PAGE
- The HASHTAG is #peoplesbailout
HOW YOU CAN HELP:
- Spread the word! Share this info with your friends, family, and followers
- Donate money via http://rollingjubilee.org
$25 abolishes an estimated $500 worth of debt
$50 abolishes an estimated $1000 worth of debt
$100 abolishes an estimated $2000 worth of debt
$250 abolishes an estimated $5000 worth of debt
- Host a live-stream party! Get together with folks in your town and watch the show online and donate money and maybe even drink a beer if you’re feeling crazy.
- If you are Jerry Seinfeld or Bill Cosby: Call me about doing a set at the live show! We’ll fit you in.
Okay, that was a really long tumblr post. I feel very vulnerable right now. Thanks for reading.