Daily PUMA Column - Commentary by Alessandro Machi

Showing posts with label blogger. Show all posts
Showing posts with label blogger. Show all posts

Thursday, October 1, 2009

Robert Reich is Wrong about Government OVERSPENDING, and once again comments are not enabled on his Blog.


I am flummoxed at how EVERYBODY wants the consumer to be enslaved and indebted as they continue to try and predict when the economy will recover. Rather than mildly assisting consumers who want to pay down their credit card debt by waiving future interest rate charges on their existing credit card debt, Mr. Reich proposes that the goverment go farther and farther into debt providing "stimulus jobs".

I had no idea how insulated people in the media are when it comes to actually coming up with solutions to problems that were caused by uncontrolled profiteering by Wall Street. Wall Street and the Government would rather you default on your credit card debt than mildly assist you in paying it down by waiving additional credit card interest rate charges.

Every month, law abiding citizens, many who saw their net worth plunge by 50% over the past couple of years, are still required to pay ridiculously high interest rates on OLD CREDIT CARD DEBT to the tune of 15 to 25 BILLION DOLLARS IN INTEREST RATE CHARGES EACH AND EVERY MONTH.

When you compare that kind of money to the 2 BILLION DOLLAR cash for clunkers program, do you start to see how the economy could easily be stabilized in a very short amount of time if a mild assist were giving in the paying down of credit card debt?

The irony is that 15-25 billion dollars per month that is currently going to the banks in interest rate charges WILL STILL END UP WITH THE BANKS, the difference is it will FIRST go through the consumers hands, who in turn can use more of their own money to pay off their debts. As those consumers respend their "extra money" every month, other consumers will reap the benefit of money first spreading between consumers. The recipients of this money will ironically enough, send it off to the banks to pay down their own debts!

The dynamic act of allowing a consumers paycheck to first circulate among their peers BEFORE it goes to the banks is the best of all stimulus packages.

These are troubling times when simple solutions are avoided and complex, Rube goldberg plans are implemented instead.

Tuesday, March 10, 2009

Google News Search Option, just who is "newsworthy" to be listed, and who is the decider?

I am trying to figure out how Google knows the difference between a news article, and a newscraping article. In general, many blogs are of the newscraping variety.

Newscraping means the blog writer reads an already existing news story, or watches a program on television, and then writes about it. This would be considered "newscraping". The blogger didn't create the news story, instead they re-interpreted an existing story from their own viewpoint.

But wait a minute. What if you or I actually do come up with a news story? What if we are the first to report something of note? Will Google News know to include the blog on their Google News search service? I suggest fellow PUMA bloggers do some google research. Write a story about something that you personally witnessed, and then use search words from your article and search Google "news" to see if your story appears.

Daily PUMA wrote an article about the KFI Tax Protest and the content was based on what was being said on a radio program. In many respects this is no different than a press conference in which a reporter never gets to ask a question but uses the responses from other reporters questions to write their own story.

Even though Daily PUMA reported key facts from the radio show that were NOT reported by anybody else anywhere on the internet, the Daily PUMA article DID NOT appear on Google News Search.

Example. KNBC reported that hundreds showed up to the KFI Tax Protest Rally in Fullerton, California. Based on estimates from police officer estimates, it is believed that as many as 15,000 people actually showed up. Daily PUMA was reporting on how inaccurate the television news station was in reporting the attendance, this IS a news story worthy of being on Google News.

Most subscribers to google's key word service are actually subscribing to google news, which appears to mean that our blogs may never be worthy of inclusion to the millions of internet users who use google key word search.

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