Turbotodd

Ruminations on tech, the digital media, and some golf thrown in for good measure.

Archive for August 4th, 2011

Market Meltdown

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Okay, okay, methinks I cursed the market.

I joked in yesterday’s post about hoping to avoid an economic meltdown, seeing as our U.S. Congress came through at the last minute with a debt ceiling bill.

Little did I know that only THEN would the market panic.

As an investor, and future retiree candidate, I’m not going to totally freak.  Like a good little investor, I’m in this for the long haul, what goes up must come down (and hopefully go back up again), and panicking didn’t do Chicken Little any good.

But Double-U Tee Eff!?!?!

I turn away from CNBC for a few hours to get some work done and the market sinks 500 points?! 

Not without some irony, I’ve been speaking with my financial adviser the last week, preparing for a possible meltdown.  We had the strategy all planned.  But that was assuming the meltdown would happen on Monday or Tuesday, or maybe over last weekend. 

NOT TWO DAYS LATER!

Okay, I feel better now.  I’m also going to turn lemons into lemonade. 

Buy low, sell high, right?  But maybe someone could warn me about the big hill in advance next time!

Well, back to techland.  Scott Laningham, my trusted developerWorks amigo and podcasting guru, finally got back into the studio, so to speak, to record a recent episode.  We talked about Operation RAT, the Google/IBM patent deal, and the 30th birthday of the IBM Personal Computer.

Check it out here. 

Me, I’m off to lick my investing wounds.

Oh, and if you don’t hear from me next week, that’s ‘cause I’m going to do a little vacating.  But I’m sure it won’t last nearly long enough, and you’ll hear from me again very soon.

Written by turbotodd

August 4, 2011 at 10:23 pm

Cyber RATS

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It’s been a bad computer hair week.

My MacBook Pro, which is an early ‘08 model, took a hard drive nose dive earlier this week, and, of course, my Apple Care expired in March.

This after the same machine did a hard drive nose dive last summer (along with the motherboard), when both were still under Apple Care.

Here’s the irony: I have a Dell Latitude E4300 that I’d been running Ubuntu Linux on, and decided to go back to Windows 7, and was literally in the midst of rebuilding a productive machine with all the stuff I need to, you know, do actual work, and THAT was the time Mr. Turbo MBP decided to jump off into the bottom of an empty pool.

Thank you, Mactronics, here in Austin, for fixing the MBP in two days.  Those folks are some of the most awesome tech repair teams I’ve ever dealt with.

So we’re beyond the Debt Ceiling deal, finally.  Now, if we can just keep the economic skies from falling.

And there was more bad news today.  MacAfee, the now Intel-owned security firm, issued a jaw-dropping report about a five-year cyber security exposure that impacted 74 organizations and governments around the world.

If you want to get caught up on this story, go straight to the source, a blog post by MacAfee VP Dmitri Alperovitch.  If you had any second thoughts about the severity of industrial espionage and security break-ins online, this ought to put those thoughts to rest.

The list of victims is a veritable “Who’s Who” of nation-states and institutions. Impacted were the U.S., Taiwan, India, South Korea, Vietnam, Canada, ASEAN, the International Olympic Committee, the World Anti-Doping Agency, and a host of companies, including defense contractors and high-tech firms.

Wrote Alperovitch in his blog post, “This is the biggest transfer of wealth in terms of intellectual property in history…The scale at which this is occurring is really, really frightening.”

Probably not a bad time to remind folks of IBM’s security solutions.

In the meantime, I’m sitting here inside Turboville downloading Mac OS X Lion and in the process of rebuilding my MBP so I don’t have a “No Mac Attack.” 

Wish me luck!

Written by turbotodd

August 4, 2011 at 12:21 am

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