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Sesame Street breaks it down from Wonderful Creative on Vimeo.
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Lost in Translation
One of the things I have set up at work is a system to monitor feeds from various information sources like Google Alerts, RSS Feeds, Twitter feeds, Facebook feeds, etc. One thing I've noticed is that some of the local media outlets let errors creep into their headlines when they translate them for their social media feeds. I know they try to get out a lot of info in a short amount of time so I understand typos and bad grammar creeping into the stories themselves, but I don't think it's too much to ask that headlines be done right. Lest you think I'm referencing one or two isolated incidences let me just stroll through my Twitter feed and give you a sampling from the past week, followed by my initial thoughts upon reading the offending headlines:
@myfox8: High Point Police Officer Seriously Injured After Being Rescued from Wrecked Patrol Car http://t.co/BfEhYWK
"Please God don't let me be rescued by the same people."
@WXII: Homes Evacuated By Gas Leak At Vacant House http://bit.ly/p2qBzY
"What does a gas leak look like when it goes door-to-door?"
Here's an interesting comparison; look at the previous gas leak story headline and compare it to this one at myfox8:
@myfox8: Hwy. 70 Closed in Whitsett Due to Gas Leak http://dlvr.it/bpXgc
A little more accurate wouldn't you say?
@myfox8: Fire Closes Wright Brothers Visitors Center Temporarilyhttp://dlvr.it/bx7SR
"Did the fire have a key?"
@myfox8: Overturned Grain Truck Closes I-40 Ramp on US 421http://dlvr.it/bvSyt
"It's a helluva truck that can pick itself up and direct traffic like that."
To be fair, with the possible exception of the first headline, the questionable construct of the headlines won't cause you to misinterpret what the stories are about. Also, there are probably 100 stories linked to on Twitter without questionable headlines for each headline that contains the kind of error that would make your average 8th grade English teacher turn red with frustration. And, again, I understand how much info they're processing and getting out to their respective audiences, but I still think there must be a lot of old-school editors out there shaking their heads in wonderment at what has become of their industry.
So, is it unrealistic to hold media companies to the same editorial standards for their social media as we do for their traditional media?
A Couple of Interesting Developments at JournalNow
The Winston-Salem Journal's online operation caught my eye a couple of times this past week. First they integrated Facebook with their comment system in an effort, I assume, to deal with some pretty nasty/terrible anonymous commentors on the site. I haven't studied it in depth, but the move seems to have helped with the tone of the comments. Truth be told they couldn't have made the situation any worse so I think it was a good move.
The second thing I noticed was this story on a man who's installed a water capture system at his house. The story itself was interesting, but what really grabbed my attention was that it was a video. It was produced by the folks at the Hickory Daily Record, but I could see the W-S Journal doing the same thing with their own reporters. Seems like a smart move to me – especially with stories that lend themselves to the video format – and now that they've added the ability to share/embed the stories I think they'll be able to really take advantage of their readers' social media activities. (Maybe they've been doing this for a while and I missed it, but either way I think it's a good idea). Here's embed of the story:
They’ve Got the Power
Here's our most recent installment of "Truth is Stranger Than Fiction":
Korean scientists think they have determined what caused a 39-story Seoul skyscraper to shake violently for 10 minutes, causing the building to be evacuated for two days.
Earthquake? Nope.
Gale-force winds? Sorry.
Volcanic activity? Unh-uh.
No, the culprit, they say, was 17-middle-aged gym rats working off the midriff bulge in a Tae Bo class.
Apparently, while dancing and boxing to "The Power" by Snap on July 5, the exercisers not only shook their booties, they shook the building.
Read more: http://www.sfgate.com/cgi-bin/blogs/hottopics/detail?entry_id=93459#ixzz1SfpAR13v
Tough Times
In case you missed the news, times are tough. Ed posts a press release from Greensboro Urban Ministries. In part it says:
Over the past several months, Greensboro Urban Ministry’s Emergency Assistance Program has seen a dramatic rise in the demand for emergency financial assistance, particularly since the beginning of July when Guilford County Department of Social Services outsourced its county financial assistance program. All of Greensboro Urban Ministry funding for emergency financial assistance comes from private sources such as local congregations, Duke Energy Foundation, Tannenbaum-Sternberger Foundation, other foundations, and concerned individuals. No city, county, state, or federal funds are used.
In April, our Emergency Assistance Program provided $33,447 for 112 families needing help with rent, mortgage, or utility assistance; in May, $40,996 for 153 families; in June, $47,580 for 199 families. So far this month through July 18, $19,745 for 86 families has been spent.
Every morning this month long lines of people have lined up for services with food, clothing, and financial assistance. Emergency assistance funding aims to help families over a short term crisis, but unfortunately, many of the people coming to us are in long term crisis with no income. For these people, the solution is to find a living wage job. Such jobs are in very short supply.
If you polled all of the local food banks, shelters, job assistance agencies, etc. you'd hear a variation on GUM's story. Over the last couple of weeks I've talked with the folks from Second Harvest during PTAA's Fill the Stands With Cans events and they've repeatedly said that they're incredibly busy these days and the demand for their services keeps increasing.
Yes the economy seems to be improving slowly, but here in the Piedmont Triad jobs just aren't coming back at the rate they need to and the social safety nets are getting frayed. It really is very simple – until we get jobs we're going to keep hearing stories like these.
US Debt is Falling
Here's an interesting blog post at Time.com that points out how overall US debt is falling:
The U.S.'s overall debt – which is government debt plus individual household debt plus corporate debt and bank debt – when compared to our GDP, which is how most economists look at these things, is actually much lower than many other developed nations. Overall, the U.S. and its citizens owe a little over $41 trillion. That, of course, is a lot of money. But when compared to the U.S. GDP, it's not a shockingly bad number. In fact, it's pretty good, when compared to other nations. The U.S.'s debt is equal to 275% of our GDP. That percentage for the United Kingdom is over 450%. Japan's overall debt-to-GDP is about the same as the U.K. Spain comes in at nearly 350%, and France's debt is above 300%. Our debt level is about the same as Germany, which everyone think is pulling off economic miracles these days. But more importantly than that, the U.S. appears to be the only developed country where the overall debt level is falling…
Of course, the reason our overall level of debt has been falling is because of individuals and not government. Government debt is continuing to rise. Private household debt has been falling, in large part because people have been losing those households, and the debt that goes with them. Consumers have also reigned in spending and are now saving at the highest level in years. And that is one of the reasons that the economic recovery has been slower than expected.
But Charles Roxburgh, who did the study for McKinsey, says his point, at a time when there has been a lot of focus on government debt, is that overall debt matters. Private debt – what individuals, banks and companies owe – can become public debt, as we have seen from the bailouts. So the fact that our private debt is falling is a positive in the government debt debate.
Read more: http://curiouscapitalist.blogs.time.com/2011/07/18/surprise-u-s-debt-is-falling/#ixzz1SZlZPQmN
Today in Real Estate
We do live in strange times, especially when it comes to real estate. Here are just a couple of fun stories for your entertainment:
In Texas an obscure law might have enabled a man to take possession of a $300,000 home for $16 and three years of his time:
In other news it looks like the robo-signing practices that mortgage companies promised to halt have continued:
"Robo-signing is not even close to over," says Curtis Hertel, the recorder of deeds in Ingham County, Mich., which includes Lansing. "It's still an epidemic."
In Essex County, Mass., the office that handles property deeds has received almost 1,300 documents since October with the signature of "Linda Green," but in 22 different handwriting styles and with many different titles.
Linda Green worked for a company called DocX that processed mortgage paperwork and was shut down in the spring of 2010. County officials say they believe Green hasn't worked in the industry since. Why her signature remains in use is not clear.
"My office is a crime scene," says John O'Brien, the registrar of deeds in Essex County, which is north of Boston and includes the city of Salem.
In Guilford County, N.C., the office that records deeds says it received 456 documents with suspect signatures from Oct. 1, 2010, through June 30. The documents, mortgage assignments and certificates of satisfaction, transfer loans from one bank to another or certify a loan has been paid off.
Suspect signatures on the paperwork include 290 signed by Bryan Bly and 155 by Crystal Moore. In the mortgage investigations last fall, both admitted signing their names to mortgage documents without having read them. Neither was charged with a crime.
A Face for Radio
Apparently I've picked up a second chin in my travels. In other news we had great weather for PTAA's "Fill the Stands with Cans" event at the NewBridge Bank Ballpark in Greensboro last Friday (July 15) and we were able to collect a LOT of food and cash for Second Harvest. This event was just one part of our annual food drive and we're still working hard to gather donations, so if you'd like to donate please feel free to drop donations off at any of the locations listed on our food drive website or give us a shout at (336) 294-4428 or email me at jon AT piedmonttaa.org and we'll hook you up.
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Cheaper Than Cash
I just read a very interesting post over at Lex's place. In a nutshell it says that right now it would be cheaper for the government to borrow money to complete infrastructure projects than it would be to wait and pay cash later. Sounds crazy right? Here's the scoop:
Karl Smith, an assistant professor of public economics and government at UNC, makes a counterintuitive but deeply important point: Because the real (i.e., inflation-adjusted) rate of return on 5-year Treasury notes is currently negative, it would be cheaper to do the work now, with borrowed money, than it would be to pay cash later on.
As a person who struggles understanding accrual accounting, much less economic theory, I find this theory hard to wrap my brain around but I have to say that even I can see the logic in using money that's cheaper than cash.
Taking One’s Medicine
If you are at all interested in taxes, and by that I mean interested in the US tax system, how it works, who pays, who doesn't, etc., then you've likely read David Cay Johnston's work. He's a writer who covers the tax beat and I've read his stuff for years and found that, especially considering the subject matter, his work is easy to read and that he has the great ability of taking a very complex subject and boiling it down to the bare essentials so that even a layman can understand it. Reuters thought enough of him to take him on as a columnist, and unfortunately he chose his inaugural column to make a doozy of an error. Here's the correction. He's right when he writes:
I often write tart notes at the Romenesko blog for journalists, the Columbia Journalism Review, Nieman Reports and elsewhere about what I consider flawed reporting by others. I lecture to young reporters around the world on the duty of care they need to take with facts and teach how to check and cross check. Until now I have never made a big mistake, but this is a painful reminder that we all put our pants on one leg at a time. The measure of character, I say in my posts and lectures, is whether when an error is found you forthrightly and promptly correct.
I've had to make my share of trips down the hall to report to my boss (or client, or spouse) that I've made a whopper of a mistake and I can't recall it ever being fun, and I do recall it always being a bit frightening, but I've also found that I sleep well at night, the sun always rises the next day and I'm usually a better man for it.
I still hate it though.
Befuddled 