December 2007

The last post

December 31, 2007 Featured

By the beginning of December I was absolutely shattered not made any better by the passing of my mother in law and the family traumas that followed…. On the tech front, the year just got crazier and crazier with new services like Twitter, Seesmic and Facebook emerging as interesting services to follow. Of the three, Twitter has really caught my attention as one that delivers incredible value in discovering fresh and interesting voices alongside almost instant problem solving…. When it went fully public, I thought Facebook would become a replacement metaphor for portals but alas, they seem intent in become another advertising polluter…. I expect a fair few will drop off and simply ignore the service but for those of us who are hardcore fans, the service is proving its worth time and again…. I reckon if they can get threaded videos and what I term ‘side-by-side’ streaming where one person initiates a video and then is able to converse via streamed media then they’ll be onto something…. The problem right now is that most of the stuff on Seesmic is trivial and of interest only to a handful of people…. When and whether that hits the profession remains to be seen but I can imagine it providing a very useful client side service addition.

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Is it any wonder?

December 31, 2007 General

People sometimes ask me why the take up in new technologies is slower than the pace at which new services are coming to market. There are plenty of reasons but one that I think is less well articulated is the choice of name. Take for instance GoLark, which Mashable describes as: “Digg for events, for leveraging recommendations.” The idea of recommendations makes a lot of sense but can you imagine trying to explain the name to a potential service buyer? Better still, take a look at TechCrunch’s deadpool to get a flavour of what I mean. Who are these marketing geniuses that dream up names like Froogle, Bitpass and Backfence? For a complete list of 2008′s candidates for the deadpool, check this list out. I’m betting a good 50% of these services won’t exist by the end of 2008.

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Screw up, get rewarded with a CBE

December 31, 2007 General

This is stretching credulity to its absolute limits. According to AccountancyAge: One of next year’s most controversial honours is the CBE which will be awarded Richard Summersgill, the head of HM Revenue & Customs (HMR&C)’s child benefit section, after the personal details of every family in the UK went missing two months ago. The words idiotic, sycophantic, moronic and self serving spring to mind. Or as Loren Feldman might say: “There’s a lot of dopes out there.”

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VAT loophole benefits Setanta Sports by £17 million

December 31, 2007 General

According to the Sunday Times, Irish based Setanta has been able to reduce it’s VAT bill by relocating its subscriber service to Luxembourg: Setanta said: “Many of the main broadcasters are based in Luxembourg as it offers an attractive fiscal incentive. We established this European base for the company as it becomes more international and expands into mainland Europe.” This is one of those EU anomolies where a service to consumers is charged based on the service location and not the point of delivery. I can’t wait to hear Richard Murphy opine on this piece of EU nonsense. As an aside, the article claims half of Setanta’s employees are in Ireland. Where are the other half? Where is the true economic activity?

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Lurker or neighbour?

December 31, 2007 Asides

Shel Israel provides a different insight into what I call the 1/9/90 rule. By that I mean about 1% of people who typically turn up at my site will comment, often regularly. 9% will comment occasionally while the remaining 90% are what I call lurkers: people who consume information but very rarely add comment…. He sees them as akin to the neighbours he sees but rarely speaks with, the ones at whom he’ll occasionally nod. Shel’s summary is interesting because it adds a dimension to the issue of conversation I’d not thought about: Communities are filled with people who are mostly quiet most of the time…. They contribute to the community just by being there, just by baring witness and more important, when they wish, they can be counted and they can be heard. At some moment, they may feel the passion that brings them to speak, as EA Spouse did several years ago, or as the guy with the camera phone did when a hole appeared on his Alaska Airlines flight…. Sometimes, they use email or Twitter Direct to quietly share an opinion or two, often politely disagreeing, sometimes with a good deal of knowledge on the subject.

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Are you a cost or a benefit?

December 31, 2007 Featured

Krupo penned an interesting piece on the logic of not being an accountant as told in a story about one who became a salesperson. The central idea is that accountants cost money, they don’t make money. Definite food for thought but more important is Krupo’s punchline: I’m not going to Fisk the posting, but I’ll just say this: if your accountant is costing you more money than she is earning, saving, or generating, then either you have a rubbish accountant or you have difficulty tracking your costs and benefits…. When I hear professionals whining about the fact they can’t get reasonable fees from their clients then I’m minded of the wisdom in Krupo’s words. But equally I’m minded that the world is changing whether any of us like it or not. Compliance has to be offered at factory prices because it has been commoditized and it is being outsourced. The simple fact is the guy down the road will do it cheaper and if you can’t compete then you should be doing something else. There’s plenty of opportunity out there – you just have to look wider than the narrow confines of compliance.

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Robert Plant made the right choice

December 29, 2007 General

This from Davos for Newbies (with hat tip to Thomas Otter): The Financial Times’ Ludovic Hunter-Tilney raves about the Led Zeppelin concert in London and recalls most reviewers didn’t think much of the band back in the early ’70s. The FT apparently was an exception: When the Financial Times, far-sighted as ever, published a rave review, Robert Plant was delighted: it meant that his father, a regular reader, would forgive him for not becoming a chartered accountant. Hard to add to that except to say that I saw Led Zeppelin in 1971 and 1972. Breathtaking stuff.

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My del.icio.us bookmarks for December 28th

December 29, 2007 Asides

These are my del.icio.us links for December 28th: The Tote’s move to Alderney: the worst signal to tax avoiders that the government could give? – This is crazy, how do these companies think they’ll get away with it? Of dreaming dreams and seeing visions | confused of calcutta – More cricketing wisdom or is it [...]

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Club Fed – the tour

December 27, 2007 Asides

I thoroughly enjoy reading about the inventive ways in which US taxpayers seek to dodge their responsibilities. The consequences usually involve a trip to ClubFed aka Federal Prison. This morning, via Sam Atar’s blog, I find that ClubFed has a guided tour. Doesn’t this just get you excited about the prospects of visiting with the other 200,582 residents? WELCOME to Federal Prison Camp Tour.com , the most informative and comprehensive site available specifically designed to assist any individual in preparing for and adjusting to the U.S. Bureau of Prisons (BOP) minimum-security Federal Prison Camp system. Moreover, we are the first independent non-government affiliated firm to offer such an inclusive tour in such an informative, unbiased, up-to-date documentary/photographic “virtual tour” type format, and do so in this type of immediately available electronic venue.

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