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I met up with Robert Scoble last night at an Orange party in San Francisco (my photos from the party are here). He brought along his Amazon Kindle and let me and others test it out. It was the first time I’d held one - the Kindle I bought hasn’t arrived yet and my co-editor Erick covered the New York launch. Anyway, he took video of me giving my opinion of the Kindle (thumbs down). The problem is the UI is completely non-intuitive and the screen is unreadable in medium light (it was much brighter in the room than the video suggests and it was easily bright enough to read a normal book). I was trying to simply pull up the browser and go to a web page and I couldn’t figure it out. The scroll wheel on the side is obviously designed only to frustrate users. And without any sort of mouse, I kept touching the screen to try to get it to do what I wanted (which of course doesn’t work). I also compare it in the video unfavorably to the etch-a-sketch. I asked Robert to pull up a web browser and load TechCrunch. He did it once and it took so long I asked him if I could video it. He agreed, and did it again. It took him 55 seconds to pull up the browser and enter the TechCrunch URL. I then pulled out my iPhone and did the same thing in 14 seconds. The Kindle can be given some slack since web browsing isn’t its core function. But web browsing on the iPhone isn’t the key feature of that device, either. Amazon just didn’t design a good device (the user interface, keyboard and screen are all very flawed), and they had all the time in the world to get it right. Hopefully v.2 will be an improvement. Of course this is just my opinion after trying it out for a few minutes, and I’d had a couple of beers. Don MacAskill wrote up his own review after a day with the device and says its wonderful.

There is a second reason that the hands-off approach has been shown to be wanting. During the past few years, a significant part of liquidity and credit creation has occurred outside the banking system. Hedge funds and special conduits have been borrowing short and lending long and, as a result, have created credit and liquidity on a massive scale. As long as this liquidity creation was not affecting banks, it was not a source of concern for the central bank. However, banks were heavily implicated. Thus, the central bank was implicitly extending its liquidity insurance to institutions outside the regulatory framework. It is unreasonable for a central bank to insure activities of agents over which it has no super­vision, just as it would be unreasonable for an insurance company selling fire insurance not to check whether the insured persons take sufficient precautions against the outbreak of fire.

In this second respect, there is and never has been a secret ballot in Britain, because the way in which individual citizens vote can be traced from each ballot paper used. Every ballot paper given to the citizen who is voting contains a serial number on it, which is also printed on the counterfoil retained by electoral officials. Before a ballot paper is handed to the citizen, he is asked for his name and address (or preferably to show the clerk his official poll card which shows his name, address and electoral registration number on it). The polling clerk then traces the person in the copy of the electoral register that he has on the table in from of him, and ticks the voter's name off the list. The clerk then tears one of the ballot papers out of the book of papers printed for the purpose, hands it to the voter and directs him or her to the private booth. And then the clerk writes the electoral registration number of the voter on the counterfoil to the ballot paper just issued.

Facebook Users Complain of New Tracking By ANICK JESDANUN and RACHEL METZ – 4 days ago NEW YORK (AP) — Some users of the online hangout Facebook are complaining that its two-week-old marketing program is publicizing their purchases for friends to see.Those users say they never noticed a small box that appears on a corner of their Web browsers following transactions at Fandango, Overstock and other online retailers. The box alerts users that information is about to be shared with Facebook unless they click on "No Thanks." It disappears after about 20 seconds, after which consent is assumed.

His key finding: By thoroughly analysing the USA’s patriotic media coverage of the second War in Iraq (2003) and the contradicting Internet voices to be heard on the Mexican Zapatista revolt or the rise to fame of Arab news station Al Jazeera, Hafez illustrates how the media reinforces the process of globalisation – without itself becoming truly and fundamentally globalised.

Hafez’ intelligent and well-made book will be of interest to media or communication researchers, not least because the author manages to present his analysis in a highly readable way. After all, the recent scandal caused by the Mohammed caricatures published in Denmark and elsewhere in Europe would be a prime example for why the “dialogue between cultures” is ultimately bound to fail: for one thing, there are simply too many different notions of things such as the freedom of the press, or the freedom of speech and religion. According to Hafez, “What remains is, the attempt to demystify a great and grandiose idea by analysing it in a sober and unprejudiced way.”

One of Lal’s most significant contributions to economic science is his recognition of cosmology as a factor endowment. This recognition enriches institutional theory by explicitly introducing religion and superstition into institutional settings and further illuminates the problems of path dependency. There have been great civilizations in the past, but none produced the Promethean growth that came with capitalism. The older agrarian civilizations grew extensively to the limits of their natural resources, but they lacked the innovation and creativity for the kind of intensive growth that capitalism generated. The reason for this lack is not that our ancestors had no instinct for enterprise, but that they were constrained by social norms and communal bonds and, as Lal asserts, by prevailing cosmological beliefs that suppressed individualism.

The second papal revolution occurred when Pope Gregory VII asserted the power of the church over that of the king or the emperor in the eleventh century. Lal argues, following Harold J. Berman (Law and Revolution [Cambridge, Mass.: Harvard University Press, 1983]), that this revolution set in place all the legal concepts and institutions needed for commerce.