Author Archives: Jon Lowder

An Open Letter to Those Whacky Winston-Salem Artists

Dear Winston-Salem Creative Types,

If you're going to promote your projects using mannequins and other lifelike displays around the city you might want to let folks know what you're doing.  That's especially true if you put a mannequin on a billboard.  If you don't and concerned citizens call 911, which in turn leads to police and EMS responding, then you should be prepared to pay a nice little fine.  It's the least you could do for all the "free" publicity.

Best regards,

Jon

links for 2009-09-21

  • The Economist has a cool graphic display of public debt. Just put your cursor on a country and you can see how much public debt the country has, the per capita debt, the % of GDP that is debt, etc. FYI, the US public debt per capita is $21,973.60. That's bad, but Canada's is $28,347.10, France's is $31,971.90 and Italy's is $41,035.80. On the other hand Zimbabwe is in some sort of parallel universe with $0 per capita debt while their debt as % of GDP is 285.1%.
    (tags: economics)
  • The House voted to stop subsidizing bank-based student lending and shifting the money to the federal direct-loan program and grants to community colleges.
  • Fec provided this outtake from Rolling Stone: "The campaign to mobilize the town-hall mobs began with a script written by the right’s foremost fearmongerer, Frank Lutz…

    Lutz writes: 'Takeovers are like coups – they both lead to dictators and a loss of freedom…

    'It is essential that ‘deny’ and ‘denial’ enter the conservative lexicon immediately,' he writes, 'because it is at the core of what scares Americans most about a government takeover of health care.'”

  • Don't be distracted by the compensation kerfluffle for the bankers; the real juice is in their equity holdings which were preserved by the big bailout. h/t to Lex for the link.

Hybrids? We Don’t Need No Stinkin’ Hybrids!

The Freakonomics blog has a post about the Obama administration's decision to dramatically increase fuel economy standards.  I found this part the most interesting:

The new regulations mandate that by 2016 the fuel economy of new cars and light trucks sold in the U.S. increase to a combined city/highway m.p.g. of 35.5, up from about 27.9 under today’s CAFE standards.

Although hybrids and electric vehicles can help automakers meet these targets, enough efficiency can be reaped with internal combustion autos. This can come through improvements to things like tires, engines (e.g. smaller ones with turbocharging), air conditioning, transmissions, and vehicle weight. The administration estimates that this will cost $1,100 per vehicle but that the improvements will pay for themselves with $3,000 in fuel savings over the life of the car.

This caught my attention because my wife just returned from a trip to Richmond and was in awe that our eight year old Saturn got 38 miles to the gallon for the trip.  I've been driving the Saturn back and forth to Greensboro pretty much every day and I'm averaging about 32 miles a gallon even with city driving.  My Mom has a hybrid and she gets in the 40s per gallon, which is obviously better, but our car's been paid off for years and (knock on wood) hasn't needed any extensive work done on it. 

Only negative to the Saturn: I'm 6'2" and when I get in and out of it I look like a circus clown, but that's a small price to pay for keeping my gas tab down. 

links for 2009-09-19

  • "When blogging first began, several years before I got into it, there was a feeling that individuals would be able to use blogging to build their own little businesses. This proved true in only a very few instances. The most successful blogs now are group efforts — sometimes the group is quite large — and the need for professional management (on the technical and ad sides) means that I am, effectively, what I was 25 years ago, a freelance, an independent contractor, a typist for hire."

links for 2009-09-18

  • Mark Cuban: "I thought it was a good idea for media conglomerates to package all their digital assets into subscription offers. Its a far better idea for a marketer like Amazon to package cross company offerings into bigger and better packages."
    (tags: media)
  • "In order to sort through the disaster that is Wells Fargo’s (quote: WFC) commercial loan portfolio, the bank has hired help from outside experts to pour over the books… and they are shocked with what they are seeing. Not only do the bank’s outstanding commercial loans collectively exceed the property values to which they are attached, but derivative trades leftover from its acquisition of Wachovia are creating another set of problems for the already beleaguered San Francisco-based megabank.

    Wachovia, which Wells purchased last fall as it teetered on the brink of collapse, was so desperate to increase revenue in the last few years of its existence that it underwrote loans with extremely shoddy standards and paid traders to take them off their books."

    h/t to Ed Cone for the link

    (tags: banks economy)

Will Winston-Salem City Council Pull the Plug on Prim?

I don't think the Winston-Salem City Council can afford to be too tough with Billy Prim and the other investors in the downtown stadium project so it will be interesting to see what happens if Prim misses the Council's deadline on getting the financing done on the deal as this article in the Journal hints might happen.  I really don't think there's much the Council can do other than a little screamin' and hollerin'.

How Youth Was Served in East Winston

Yesterday I wrote about the 21 year old Winston-Salem State University student Derwin Montgomery who won the Democratic primary and likely the council seat the East Ward of Winston-Salem since there's no Republican candidate.  The Winston-Salem Journal has an article about how he did it.  Please note that he didn't just do this on a whim and that some real strategy and planning went into his effort:

Montgomery, who had been running his campaign more or less alone, started delegating responsibility to fellow students. He had a "director of compliance" who helped WSSU students register to vote in Forsyth County. He had a "director of transportation" who organized vehicles to drive students to the board of elections so they could cast early ballots. He had two administrative assistants.

It paid off in a big way. A total of 440 people cast ballots for Montgomery in early voting, including 211 students at Winston-Salem State who were newly registered. That's more than the total number of people who voted in three of the other six primary races.

Ecorations

I came across thispress release about a web-based company in Clemmons called Ecorations that has a pretty interesting product concept.

Ecorations, LLC is a web-based company launched in May 2008 by Kathy de Jong and Debora Owens. The concept was inspired by de Jong’s Dutch mother-in-law, who once presented Kathy with a Christmas gift wrapped in a burlap tote—only to promptly ask for it back (promising that she’d “see it again next year”). Today, Ecorations hopes to spread this lovely, timeworn tradition to the rest of the world.

Founded with the mission to reduce waste and shift standards in gift giving, the company is committed to quality and innovation “where green meets smart and chic.” Its bags and wraps are made in the U.S. of high-quality fabric, making them durable throughout years of reuse. Additional gift bag designs, including an apparel box wrap, structured pouch and wine bottle bag, come in several sizes (to fit any gift) and 10 reversible fabrics combinations for a variety of occasions

links for 2009-09-17

  • Lex has been writing about the efforts of Florida's US Rep. Alan Grayson to get an audit of the Federal Reserve done, and soon. Apparently Rep. Grayson now has a Senate counterpart in Delaware's Sen. Ted Kaufman. Lex pulls a quote from an interview with Grayson in which he's asked what the Fed's been up to:

    "Congressman Grayson: They are performing a truly remarkable, surreptitious transfer of wealth from public to private hands. They are taking their ability to print money and shore up failed banks. They are simply stuffing money into the pockets of private interests."

  • "There were 445 sales of existing single-family homes in the Winston-Salem area, compared with 558 in August 2008, according to data compiled from the Triad Multiple Listing Service and released by the Winston-Salem Regional Association of Realtors."

  • Lex posts about an item concerning a film on Darwin that can't find a US distributor because the subject would be too divisive for US audiences. Huh? Here's the scariest part to me: "US distributors have resolutely passed on a film which will prove hugely divisive in a country where, according to a Gallup poll conducted in February, only 39 per cent of Americans believe in the theory of evolution." Can that 39% figure possibly be right? I'm hoping it really is the result of a loaded question like, "Do you believe that Darwin or God was right?" Somehow I doubt it, though.

  • "Greensboro home sales in August, at 490, were down 21.7 percent compared to August 2008, when 626 homes were sold, according to data released by the Greensboro Regional Realtors Association. The August total also was down about 4.3 percent from July, when 512 existing homes were sold."