If I were to say to you, "Can you keep a secret?"
Would you know just what to do? Or where to keep it?

 

Anyone want to be a professional contact of mine? Add me on Linked In.

 

Imagine the outrage if Apple did NOT announce a 3G iPhone today, or any new iPhone updates? The world would come to an end!

Listening to live stream of the WWDC right now. http://www.ustream.tv/channel/wwdc-2008-live-keynote-audio-stream

 

We have an opportunity to watch a wonderful process in action. A unbelievably successful technology company is screwing it up. And it's big, and it's public, and in this day and age where venture capitalists are able to provide $10 million in funding on a whim of an idea, the fact that a web site can be down ALL THE TIME - having down time every single day for months and months... is a wonderful thing to watch.

Of course, I am talking about twitter. Oh and please follow me, when the site comes back up since it is currently down, http://www.twitter.com/scottjduffy.

Now it's entirely possible that twitter has such a loyal following that are willing to forgive it's frequent screw-ups. And that the site will fix it's problems in short order. And that none of this will come to pass.

It just occurred to me that four years ago I wrote a blog entry about Tony Robbins, a fairly negative one. I don't remember listening to his course on CD, but the entry makes the experience sound extremely negative.

I guess over the intervening 4 years, that negative experience has been largely forgotten. I recently read a book co-written by Bill Zanker, founder of The Learning Annex. In it, he talks about sending a friend to see Tony Robbins speak at TLA, and how his friend described it as "life changing". I always have a slight bit of envy whenever I hear about an experience being life-changing, as I've never had a life-changing experience to speak of.

Then soon after, I heard an advertisement for Tony Robbins coming to Toronto. I decided it would be interesting to hear him speak in person - to possibly get some of that famous energy and motivation. To give myself the chance of having a life changing experience.

When I go to register however, I discover the price for this 4-day seminar. $895. NINE HUNDRED DOLLARS to see Tony Robbins live.

Now it IS four days. Certainly most multi-day courses, seminars and conferences have that type of price tag. But for an individual, not paid for by a corporation, to go to this type of event, it's a lot of money. I was even thinking it would be good to bring my wife along - so that any life changing experience to be had affects us both. If I would end up changing careers, or changing my diet, or doing other radical life changes, your spouse definitely needs to be on board for it to succeed.

I wonder how many tickets they have available for sale. 1000? 2000? At $900 per ticket (up to $1600 per ticket for front row seats), that has to be more than $1 million. Perhaps even $2 million for a weekend's work.

Tony Robbins is raking it in. (Good for him. But wow.)

 

I just watched a rather interesting program called Debt Trap, by the show Global Currents on Global TV. You can watch it online here.

The program outlined a number of families and people who have gotten into debt problems. The program slotted the problems into a few major categories:

1) People being offered more credit than they could ever expect to be able to repay

2) Getting into a tight financial situation and using credit cards as a safety net

3) Payday loan companies

4) Student loans

There were more, but those are the four that I have something to say about.

About (1), I do believe its a bit ridiculous the amount of credit the banks offer to people in the form of high interest credit cards. Yes, I do believe in personal responsibility, but having a $10,000 credit card in your pocket when you only make $30,000 per year is excessive. How easy it is to use that card out to dinner, and to book a weekend out of town. And just filling your car with gas. In only 6 months that person can max out their card, and then what? They're paying 1.5% monthly interest on that month after month after month. The credit card companies are happy, and the consumer is miserable. There should be improved laws around this, particular on the amount of high interest rate credit compared to personal income.

On (2), the consumer has to take a large amount of the blame on this. We all lose our jobs unexpectedly. It's how we react to that. On the show, there was a man who had been looking for a job for 10 months. He actually said he's only found "short-term contracts" or jobs that only paid what he made in 2000! You know what? Grow up. You have a responsibility to your family to get a job. If you were making $90,000 before, chances are you might not be able to make that much again. My advice is to take the contract to make some money, and keep looking for a job. Take the lower salary job and keep looking for a job. Money is money. You've been off for 10 months - get off your ass and get moving!

On (3), those payday loan companies should be put out of business. They are loan sharks - pure and simple. Those $60 fees on $200 loans are clearly illegal. As for the family that borrowed from one loan shark to pay the other. And now find themselves owing $1000 on a loan of $300... largely your own fault. Quite frankly, that's just stupid what you did and now you're paying for it. Why can't you come up with $1000??? Seems like you could take on a 1 week short job and pay that back.

On (4), I'm of mixed opinion. On the one hand, why do we burden our students with $50,000+ in loans from their first day on the job. On the other hand, I have NO SYMPATHY, NONE, for that woman featured who has been in school for more than 10 years and is now being hounded to pay back her $100,000+ in loans. What have you been doing for 10 years? How about you take your masters, and go to work. Start saving money. Start paying back your loan. And in 5 years go back for your PhD? There is no constitutional right for you to be a doctor. And if you were smart, once you got your PhD and your $100,000 student loans, you'd move to another country and skip out on your loan. She sounds like she's avoiding her responsibilities - not calling back the government, or calling them and swearing at them.

The loan business in Canada needs an overhaul. Lower the maximum interest rate from 30% to 20%. Get rid of payday loan companies. Force banks to reduce the credit limits on everyone so that consumers don't get themselves into trouble. And people need to wake up and smell the awful stench of debt and want to get rid of it.

Anyways, end of rant. Time for lunch.

 

Web 2.0 - the term has been used and abused so that it has many different meanings. (And of course O'Reilly thinks they own it, which is ridiculous on its face. That's a rant for another post I guess.)

Is it a web site with big fonts and pastel colors? Is it web sites that use Ajax? Web sites that rely on users to submit content (crowd sourcing)? Web sites that don't charge money but simply rely on advertising? It's many different things I suppose.

One thing I've noticed about Web 2.0 is the idea that you have "friends". On twitter, I have followers. On digg, I have friends and fans. I have facebook friends and secondlife friends. People subscribe to my RSS feed of this blog. And it goes on and on.

One unexpected consequence of this is watching the natural decay of friends. That is, you start losing friends. Its a weird phenomenom. But one day you think to yourself, "Gee, I wonder what's up with Sally? I haven't heard from her in a while". And then you go onto Facebook to see her profile, and realize she's not in your friends list any more. She's defriended me!

I myself trim my friends list from time to time. For instance, I met someone at a conference once. They added me as a friend on Facebook the next day. I accepted. And then a year later I haven't heard from them even once, and they Facebook profile is largely empty (abandoned even). I then decide to remove them as a friend. Someone I met once, who could have become friends with but didn't, doesn't need to see my family picnic pictures on Facebook.

But I have elementary and high school people I haven't talked to in 20 years adding me to Facebook as well. So obviously there's a different standard for those people being "friends" versus people I have talked to only once.

It's an interesting culture of online friends we are living in. You can track who considers you a friend, and notice when they no longer consider you a friend. Quite brutal actually.