It is interesting that central to the U.S. view of the global economy is the inauguration of President Obama and the passage of a historic stimulus package by Congress.  Given that the world is awash in economic fear the potential for hope and a sense of direction has been hard to find.  Since the current economic meltdown is something we want to change, and since that word has been synonymous with Obama, there is a lot of hope for a good start to his Presidency, and in his stated desire for a $1 trillion dollar stimulus package over the next two years.

As all prognosticators look ahead to this new year, it is clear that the place to look for our financial future for the next couple of years is Washington, not New York .

Politicians of both parties and most U.S. citizens are so scared or nervous about the economy melting down even further that there seems to be wide support for the Federal Government to spend whatever is necessary to get us out of this mess before it becomes even more catastrophic.  I find it interesting that economists of all stripes have come together is a loose consensus that the way out of this dangerous economic situation is massive spending by the government.  I certainly don’t disagree, but I have significant reservations about what Congress will pass and President Obama will ultimately sign.

The position here is that if the U.S., and therefore to a great degree the global economy is …

The economy has clearly become the primary subject today in America.  It has become so not only because of all the issues discussed in the prior column, but also because it has also become the number one issue for voters in this significant election year.

In the “Forecast for 2008″ column on January 9^th of this year I wrote:

“The U.S. Economy will not go into a recession as it has been traditionally defined.  There will be a bumpy ride, particularly in the first six months of the year. The traditional conversation will be an either/or discussion:  will there be a recession or not.  While there will most certainly be economic indicators that will point to recession, there will be others that do not.  The problem is not whether there is or is not a recession but rather the symptoms of a reorganization that is going on due to the flow to a global economy.  The view of the economic landscape is still too often looked at through traditional, increasingly less valid historical national measurements that seem to no longer apply. There will be pockets of recession, such as in the state of Michigan, but the economic bumps in the road in 2008 will not fit into traditional national recessionary measurements”

There are a couple of points to be made here.  First I was clearly underestimating the severity of the economic upheavals and equally importantly the negative mindset that would descend, courtesy of the media, upon the general sense of danger and risk.  …

Regular readers know that I have often written about Intellectual Property in this space. IP is increasingly important in the valuation of all enterprises. I provided a historical context to this trend here, and later talked about Ocean Tomo, one of the companies that is helping to create the IP marketplace.

As mentioned in one of the earlier columns, the percentage of the aggregate value of the S&P 500 companies that is IP has gone from 17% in 1975 to 80% in 2005. The transactional process of IP, until very recently, has largely been the same as it was 20 years ago. This inevitably means that a more fluent, liquid and transparent marketplace for IP must develop. One of the initial developments over the past two years has been the IP auction. While there are a number of these auctions, I have been privy to the Ocean Tomo auctions and using the results from these auctions alone the trend lines are very clear.

Two weeks ago, Ocean Tomo had its’ spring auction in San Francisco. Once again record prices for IP portfolios were reached. One of the lots up for auction sold for $6,600,000, setting a new world record for a patent lot at a multi-lot live auction. The lot was for processing digital data in bit streams In addition there were three other lots that resulted in seven figures sales. What is interesting about these numbers is they are solidly going …

[Note to readers:  this column was written a number of weeks ago, but was in holding as I wrote columns about some more immediate travel related subjects.  With the turmoil in Tibet this past week, it is clearly a topic in the news.  I have updated the prior column to include the recent upheavals.] 

When countries or cities submit bids for hosting the Olympics it is usually done with a great sense of pride and boosterism.  The governments and economic vested interests all look to hosting the Olympics as a way to showcase their “world class city”.  In the case of the upcoming Olympics in Beijing, it is clearly the goal of the Chinese government to make clear to the world that the formerly communist country is now a major player on the world stage.  The world has recognized and accepted the growing economic might of the country.  The Chinese government wants to make a further impression on the world that they are culturally and architecturally a world class nation.

I have written here about what has occurred in China over the last 20 years.  Basically they have collapsed the 200 year timeline of the U.S. to move from an agricultural economy to an information economy to a period one tenth in length.  This has never been done on such a magnitude, and as a result there have been many problems, as written here.  I think that this will be the reason that the 2008 Beijing Olympics may turn out …

Technology has been the defining force of the Information Age.  Technology has given us an appreciation for speed, global communications, connectivity, miniaturization and of course computing power.  We embrace new generations of computers, cell phones and digital content players.  Many of these innovations, as they increase in power, generate heat. As they decrease in size there is often a proportionate increase in generated heat.

Decades ago, the large main frame computers were housed in large refrigerated rooms.  Today server farms reside in similar cooled environments.  Heat can cause computing and networking equipment to malfunction, slow down operating speed and in extreme cases to simply fry.  Any of us who have actually put our laptops on our laps when working know how fast they can heat up.  Desktop PCs have more powerful fans built in to keep them cooler and therefore operating closer to the maximum speed of the installed processor chip.  We are, however living in a world of increasing mobility where the laptop is fast replacing the desk top.  This means that often the laptops we use are not operating at peak efficiency due to generated heat.

This is not something to which I had given much thought as I had accepted this as one of the accepted limitations of mobile computing.  Laptops provide mobility but must sometimes sacrifice performance due to heat generation because of the demands for compact computing.  Last week however I was given much to think about.  As mentioned in my prior column I had traveled to …