zenpundit.com

Senator Chris Dodd (D-Connecticut) is working hard in Washington…. to make sure that only those who are already  Rich and Powerful   will have a shot at being rich and powerful.

From Rick Tumlinson at Huffington Post: 

• Start-ups have to register with the Security Exchange Commission and then wait 4 months minimum for it to review their filing. This is a lifetime in the fast moving world of start-ups. (Keep in mind you and your employees are living hand to mouth everyday there is no money coming in.)
• Accredited investors (those who can legally invest in start-ups) would be limited to those with assets of over2.5 million (up from1 million) or a personal income of450,000 (up from250,000). This knocks mom and dad and uncle Bill right out of the game for most entrepreneurs. How many multi-millionaires in your family and close friends?
• Removing the federal pre-emption which provides a single set of national regulations and forcing companies to deal with state-by-state variations in rules. Most start-ups are kitchen table corporations at first. We have no money to pay lawyers to figure things out for us. That’s why we are looking for funds in the first place. Duh!

This is so egregiously wrongheaded and economically counterproductive on so many levels that it’s hard to know where to begin. Even the big money Obama backers of Silicon Valley are calling this bill “insane” . There’s literally no upside to these provisions which limit the field of potential start-up investors to a professional insider’s club skilled at wheedling favors from the SEC behind closed doors. That may be the objective of these rules. 

You middle-class serfs can get back to the fields now. Creating start-ups and making investments are not for your kind.

Complicit: How Greed and Collusion Made the Credit Crisis Unstoppable by Mark Gilbert

Inside Cyber Warfare: Mapping the Cyber Underworld by Jeffrey Carr

Received courtesy review copies of two books that will serve to “stretch” my knowledge base and increase my cognitive map.

Mark Gilbert is a financial columnist and bureau chief for Bloomberg News in London and he has written a hard hitting deconstruction of the great credit collapse and crisis bail-out of 2008-2009. Gilbert is telling a story of breathtaking risk assumption, regulatory capture, academic hubris, central bankers as naked emperors and unrepentant banksters who have learned nothing and forgotten nothing from the crisis. My personal background in credit issues is rooted solidly in the dustily agrarian economic history of the 19th century and the painful transition from yeoman “book debt” to gold standard dollars, so I look forward to broadening my understanding of modern financial systems from reading Complicit.

I will probably review Complicit in a cross-blog conjunction with Lexington Green, who also has a copy in his possession.

Jeffrey Carr is the CEO of GreyLogic and a researcher, presenter and consultant on issues related to cybersecurity, hacking, cyberterrorism and asymmetric conflicts in virtual domains. Carr offers a cohesive and compact look at the major problems and players in the uncertain crossroads of national security and cyberspace. Non-geeks (like myself) will appreciate Carr’s focus in Inside Cyber Warfare on the connection to the worlds of intelligence, law enforcement, international law and military operations and doctrine. As an added bonus, the foreword is by Lewis Shepherd, another blogfriend and the former Senior Technology Officer of the DIA.

Originally, I had wanted to review Inside Cyber Warfare before last Christmas, so now that I have the book, I will move it to the top of my titanic reading pile.

Longtime blogfriend and sometime collaborator Critt Jarvis has a guest post on “branding” and social networks up at Strategis:

Dear Brand Manager

 Here’s the dirty little secret so-called social networking “experts” don’t want you to know: “US consumers are most interested in brands that keep them up to date and improve their knowledge. And they do not want brands to act like their friends.

Critt, who has been involved in a number of edge tech projects is usually ahead of the curve. Critt is best known for convincing Thomas P.M. Barnett to start blogging back at a time when blogging was an emerging “fad” and the idea of a “serious” defense or national security expert blogging was regarded as ridiculous ( and it probably sped Tom’s departure from the Naval War College and into the big leagues of writing and consulting). Today it’s hard to think of an important foreign policy-defense type who doesn’t blog or at least try to promote their articles and op-eds in the blogosphere and sites like SWJ.

Critt’s calling attention to the point that once you get past the novelty of having a twitter account or a facebook page, your institution’s online presence has to actually be delivering value in terms of useful content and substantive interaction on a regular basis.

He’s right, but it is going to take some time for the crowd to catch up to him.

New (at least to me) e-magazine focused on creativity, innovation, business, collaboration and organizational culture. Brainwaves seems to have a good roster of “thought leader” contributer/consultants, sort of akin to  CORANTE.

Worth a look.

Caught my eye today: The Mind of the Market: Compassionate Apes, Competitive Humans and other Tales From Evolutionary Economics by Michael Shermer.  A premise that intuitively makes sense to me ( and therefore, I’ll have to read it with a critical eye).

Going to have to pick this one up.