It’s Those Pesky Slovenians Again…

Dr. ARF failed to submit his post this week. I take it he has more pressing engagements, so you’ll have to bear with me today


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I always find it funny how most of world financial experts tend to swear by their models, analysies, trends, historical data, reports, indices and whathaveyou, but in the end it all comes down to a psychological trick.


It’s all about how long they can pretend that a problem doesn’t exist. As soon as someone calls spade a spade they all panic and create a crisis that could have been averted if they all had the guts to talk about a particular elephant in the room. In this case – the subprime mortgages


And of course it was up to a Slovenian to bring it up. Unfortunately this artice in Financial Times Deutschland, where Marko Kranjec, the finally-named Governor of Slovene Central Bank talks about dangers the subprime mortgages in the US pose to global markets is in German, but the point is that he said out loud what everyone was whispering about for years now. That the subprime mortgages will kill consumer spending in the US as the inevitable raise of interest rates will mean that more money will have to be spent on returning the loans rather than spend it (either on goods and services or on new loans).


Sure enough only a day later the exact same thing happens.


But there are a couple of incosistencies in this whole business that I find rather amusing:

1.) The way the media claim that money had just vanished: It didn’t vanish. Money doesn’t just dissapear. Someone is making a hefty profit out of all of this. Probably the Chinese.

2.) The fact that the central bank all over the world intervened to stabilise the markets: I’ve no quarrel there, but I’d like to ask (in a very strong voice) all the neoliberalists and laissez-faire economists, where are your fancy theories now, huh? Shouldn’t the market sort itself out? Mičo Mrkaič, eat your heart out!

3.) Everyone was quick on their feet at reassuring everyone else that this is just a fluke and that it is manageable:: If it were manageable then it would have never occured. Either that, or there are some extremely bad global managers around.




P.S.: As of yesterday, pengovsky is officialy on vacation. 😉

Put A Price On Your Blog

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In God we trust… All others, pay cash


What was meant to be a slight rant against so-called “blogger sellout” has gained momentum as of yesterday – in both cases had has provided the fodder 😀


Perhaps one should not be surprised that issues of bloggers’ copyrights and marketing have begun to surface. Until now bloggers have been mostly on the other side of the stick – accused of infringing copyright rather than having to defend original content. I guess part of it has to do with the fact that most bloggers swear by Creative Commons – a somewhat elusive and (at least in Slovenia) legally non-existent content.

The other part of course has to do with the fact that blogs bring little or no money.


MARKETING:

Let’s deal with the latter issue first – it first surfaced with several bloggers being invited do test-drive the new Renault Twingo and then exploded with full force when Kolosej (a cinema operator) offered free tickets to see Transofrmers – The Movie (insert transforming sound fx here) to bloggers who would have linked to Kolosej’s Transformers page.

The “problem” as I see it is of course the trade-off or lack thereof. Namely: What can a blogger and blog offer? Two things, basically. Content and links. The two are heavily interconnected, as content without links is non-existant and (in terms of this post) worthless, the links, however, cannot be effective without good content.

Now, let’s look at it from the other side: What does Kolosej have to offer. Again, basically two things: Movies and tickets to see them. The trick of course is, that tickets to blockbusters are usually not freely availble because why give them away, when you can sell them at € 4.95 each? So, which tickets do they usually give away en masse? Why, those which they wouldn’t be able to sell in the first place, of course!

So Kolosej was giving away worthless tickets and in return it got the most valuable thing a blogger can provide. I’d call that a ripoff, not a tradeoff.

But let us for a moment presume that bloggers who participated actually wanted to see the movie. Had they not taken up Kolosej’s offer, they’d have to pay for the tickets, naturally. But since they exchanged a link for two tickets, they put a price tag on a link. Since last week the price of a link is 9.9 euros. At least with bloggers who have participated. The problem is that now a precedence has been set. Next time an offer will be made to the blogging community, the price will already have been known.

Thirdly (for those keeping count), there is in my view also a question of ethics. A twofold question, actually.

One: linking as such. If memory serves, that’s called Googlebombing and is not allowed under Google guidelines. BMW even got banned from Google for a while for doing it. Some of us did it to help Michael M.’s solve his problems with a hosting provider, but that was done for a different reason.

Two: Linking without content. That’s even worse than just Googlebombing. Why? Because that’s sort of hidden advertisment. It’s like blogging about vodka and using Absolut font (or something in that manner). If a blogger got freebies on account of his blogging then I think it would be fair and square to publish his judgment of the freebie (a movie in this case). Furthermore, he should make every effort to it as objectively as possible (naturally, a movie review is almost entirely subjective, but still) – meaning that he should not be biased in favour of the movie or the company just because he got the freebie.

I’m not saying that individual bloggers who took the offer are or were in any way biased in favour of the movie or Kolosej, I’m just saying that every effort should be made to show that they are or were not. Otherwise, there can indeed be an impression of a sellout.

And lastly: I’ve no problem with making money out of blogging. I myself sport some google ads on this blog. But whether you like it or not, blogs are media. They are public, even though they more often than not feature personal accounts of events, people, etc.. And in media full disclosure must be made whenever there is even a hint of a conflict of interest. This way the integrity of the author and the media is preserved.


COPYRIGHT

Marketing is of course heavily connected to content. And had raises an extremely valid point when he says that blog-aggregators which display ads or otherwise market their webspace basically make money (if they make money, that is) by re-using contents of numerous individual blogs. To put is in Technicolor: aggregators who will display interesting and/or controvesial blogs and their entries (even just clips) will get more visitors and – by extention – more advertising money. Which is all fine and dandy – except for the fact that aggregators use other people’s work to make money. Which basically does violate bloggers’ copyright.

Of course, if you look at it from the other side, one could very well argue that blogs get more visitors by being featured in blog aggregators. Which is true to a certain point. However, as we all know, aggregators’ admins usually ask bloggers to publish links to
aggregators, which bloggers for the most part do. Call it a barter-deal. A link-exchange. No money involved. Besides. Aggregators need blogs to work – whereas blogs can technically exist without aggregators.

It is all very much like the current debate between Slovene media and this country’s clipping companies. The latter namely process almost all content produced by Slovene media on a daily basis, redistribute this content to their users – and charge them. At least one company (the largest among them) has started to recognise that this does contitute a possible infringement of copyright – precisely because media content is processed and distributed under a different brandname. So rather than wait for an expensive law suit, this company is (half-heartedly) trying to come to an agreement with most of Slovene media (the fact that this company is a part of the largest Slovene PR and marketing group does improve its negotiating positions a bit ;))

So the questions at hand are: what to do when (if) blog aggregators which also use blog’s content (and not just URLs) start making serious euros? Should blog owners be compensated? And if, what approach should be used? Would this concept hurt blog aggregators too much? What (for example) happens to Technorati if they have to compensate each and every blogger? What if aggregators start charging “membership”?

To put it in a nutshell: when money starts flowing around, do we all make a run for it, carving up the pie until there are only crumbs left or do we leave things as they are, each minding our own business?


So, that’s my two eurocents…. Personally, I think that eventually some sort of mechanism will have to be developed – perhaps a combination of the “clipping agreement” and Google’s AdSense. However, this mechanism should unite, rather then divide bloggers and aggregators – meaning that it should promote both good content and unbiased editoral process by agreggators’ admins. I’m not saying that they are biased now, just that noone really cares if they are or not – because there is no money involved. As for the marketing part… The moment readers will feel that a certain blog is favouring marketing against content, its ratings will drop and with it advertising revenue.

The Joys of Customer Service

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Me, yesterday (source)


The Firm™ has had an unusual increase in net-connection failuers over the last 14 days. After a week of so of constant “Turn off cable modem. Unplug. Wait 10 seconds. Recconect. Turn on. Reestablish connections” I finally gave up and called customer service of Ljubljanski kabel, our cable operator. Now, any self-respecting quasi-IT specialist will tell you that is the near-ultimate insult, because we can fix everything.

But fair’s fair and I must admit that LK’s customer service has been quite up to standards. I’ve dealt with them on a couple of occasions (like fixing a friend’s net connection) and they’ve performed admirably. For a customer service, that is. But this time it went like this:


(after being on hold for eternity, because “your call is 27th in line“)

Pengovsky: “Hi! I was wondering if you could help me. My cable modem keeps disconnecting at irregular intervals and claims that it cannot find the DHCP server”

Ljubljanski kabel: “Let me check..(tapping the keybord)… Hmmm, you do have an unusually high number of reconnects. Are you sure your firewall is set up properly?

P: “Yes….”

LK: “How about antivirus software ?”

P: “What about it?”

LK: “It could be causing problems…”

P: “Well, I’ve been using the same SW for years now and all was well until now.”

LK: “Sir, I suggest you chech your computer, because everything is normal on our side”

P: “Uh, oh…. What?”

LK: Click!

P: “Pička ti materina zahojena!!!” (translate yourself)




A week passes by and Pengovsky is none the wiser. Having checked, re-checked and re-re-checked the computer, read every motherfuckin’ forum entry about it on the net and in general doing everything short of transferring data from one server to another in a grocery bag, I start suspecting the cable modem again. The daily routine becomes dangerously familiar to the one described at the beggining and yesterday I make the call again. A different person on the other side:


P: “Hi, I called last week about my cable modem disconnecting and not being able to find the DHCP server”

LK: “Lemme check, sir… (again, the familiar sound of tapping the keyboard)… Sir, are you still using the old Thompson modems”

P: “Well, no one bothered to show up with a replacement for five years now, so I guess it is kindda old”

LK: “These modems are no longer compatible with our network. I’ll send someone with a replacement modem tomorrow morning, sir.”

P: “You do that.”

LK: “Thank you” Click

P: “Pička vam materina….Ti boš men govoru da je bil računalnik, mamicu ti jebem….” (again, translate yourself)




And now, in an hour or so, I’m expecting a new modem. Until then, it’s “Turn off cable modem. Unplug. Wait 10 seconds. Recconect. Turn on. Reestablish connections

Importance of Being A Comma

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dr. filomena is to blame for this post, which will forever remain a testament of my sick and perverted mind. Namely: While commenting on Friday, she said “stop taking me seriously“. This is where my perverted side kicks in… and it asks… So. Where’s the comma? Or any other pucntuation mark?


Let’s take a closer look:

This is the original:


Take me seriously.




Now.. Let’s add a comma:


Take me, seriously.

See what I mean? 😀




How about an exclamation mark?


Take me, seriously!

or even


Take me! Seriously!

Hot, ain’t it? 😈




We can even turn this into a dialogue:



A: Take me!

B: Seriously?


Damn… Who knew grammar could be this sexy 🙂

The Great Case of Full Cool

eng.jpgYesterday’s comments have evolved from talking Belgrade to talking slang… Namely, The Great case of Full Cool has surfaced once again and perhaps it is time that we try to put it to rest once and for all.


Even though the phenomemon of using English words in Slovene is best known for the term “full cool” it goes way beyond that and can (arbitrarily) be divided into three groups:


1. Words that have been adopted into coloquial/slang Slovene

These (usually) words have been adopted into everyday language, when written they usualy take on Slovene grammatical form but their meaning is the same both in Slovene as well as in English:

Example:
Cool (eng), Kul (slo) – both meaning something good, agreeable or nice. The word has been around for ages and looks like it’s here to stay

Sure (eng), Šur (slo) – both being affirmative, confirmatory. In late 80s “Šur” was developed into “šur da” (literally: sure, yes). It was gradually replaced in the 90s by Serbian “valjda”

Sorry (eng), Sori (slo)
– both expressing remorse – true or sarcastic. Also used to politely start a conversation or ask a question. A no brainer. My guess is its been around from early 90s on:)


2. Words that have been “hijacked” and have had their meaning changed

Not many of those, but the ones that do exist prove that Slovenian is an adaptable language.

Examples:
Full (eng), Ful (slo) – English version is a quantificator (expressing a quantity of something – usually a lot of it), however, the Slovenian version is a qualificator (adding gravitas to the usually suceeding adjecitve). Thus ful kul denotes something that is really, really cool (so cool its ice cold). It can also be used for negative conotations (ful bed – more on that shortly). The word has been around for as long as I can remember.

Bad (eng), Bed (slo) – initially both meaning -well- something bad, but Slovene version was soon expanded to include meanings of remorse and similar feelings (A: my car broke down. B: Oh, bad). To the best of my knowledge the word entered sland at the end of 90s.

To cancel (eng), Skenslati (slo) – originatin within Slovene IT community, it described aborting any computer-related procedure. It was soon picked up by general public and its meaning expanded to shutting off any electronic device, breaking off relations with other people or otherwise eliminations objects and people in one’s vicinity: (This kind is a real pain in the ass. Cancel him). Its rise coincides with the rise of IT in Slovenia


3. Words which kept their meaning, are not slang but are used nevertheless

Probably the most obnoxcious type. Usually used by wannabes of all walks of life, most notably in Ljubljana. Speakers use diminiutives wherever posible (thus “sori” becomes “sorči”). Anyone using it should be shot on the spot. Examples:

Sorči k lajfam
Sorry (excuse me) for living

Greva dogija vokat
Let’s go walk the dog

Model se je z rufa skenslu
Dude “canceled himself” from the roof

Kruzam s karom
I cruise around in my car

Greva na drinko
Let’s go for a drink


Luckily none of these gained popularity of “full cool”. So… Did I miss anything? Please, fill in the blanks 🙂

Belgrade – A Miniature

So, the Stones have left me speechless yesterday, and I will follow suit with today’s post. But not because Belgrade left me in awe, but because I honestly don’t know what to think. Rollo has already dubbed be a difficult tourist because I’m not easily moved by any destination.

I like cities. I’d also like to stare down a volcano or do some serious mountaneering, the likes of which Burja hates. But cities. Me likes. I like the heated concrete, the sound of sirens and screeching tires, the feeling that you get from being out at 2 AM still sweating like a pig because it’s still 28 degrees Celsius out there. By this measure I should have loved Belgrade. Yet I didn’t. I did, however, feel like home. It took me an hour to figure out the traffic-lights system, another two hours to figure out the angles at which streets in the Old City criss-cross and that was it. By the time it was time to go to a concert I was almost able to move freely around downtown.

The city basically left me unfazed.


However….


….there was no way to hide the fact that it was once a great city and will undoubtedly become great again. Personaly I think Belgrade is the “fifth capital of Europe”, next to London, Paris, Berlin and Vienna. If I had to make a comparison, I’d say that Belgrade is like a middle-aged woman who cannot hide the fact that she was once gorgeous.

Since this side of the digital divide is more than filled with pictures of Weissburg, let me show you a couple of moments that caugth my attention:

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Like the city itself, the plateau in front of Tito’s Memorial Centre (Kuča cveća) demonstrates its faded greatness


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The old federal coat-of-arms still hangs on what remained of the building of the Ministry of Interior (destroyed in 1999 NATO bombing campaign)


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You can still see waitresses wearing the old socialist regulation footwear that was kind to their legs and ankles.


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One of the small surprises was Belgrade’s Hyde Park, or as they call it: “Hajd Park” – the map says so! 🙂


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Imagine the smile on my face when a hydrant in Tito’s Memorial Centre sported the name “Pohorje” :mrgreen:


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The last ever Relay of Youth (1987). Like everything else Yugoslav, its beginning of the end started in Slovenia.


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And last but not least… Belgrade serves a decent beer: BG Beer. Goes down so discreetly that you have to have another one just to have it check up on the first one.


So, that was my Belgrade. How was yours?