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Subscribe to this blog in Radio:
E-mail this blog's author, Scott Rosenberg:  |
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Over at Second p0st the mystery user (actually it seems to be developer Phillip Pearson -- welcome!) who found our server back when we were in test mode is keeping close watch as the new blogs get started.
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Invisible hand or dead hand?
Tonight's Salon cover story surveys economists and other experts on the pressing question: What should President Bush do about the cratering markets and becalmed economy? We know Bush's own prescription: He wants to lower taxes for the wealthy further, to stand by his bizarrely disoriented Secretary of the Treasury (who told reporters, according to Bloomberg News, "I'm constantly amazed that anybody cares what I do"), and take a monthlong vacation at his ranch. As the New York Times' Paul Krugman keeps reminding us, Bush's economic plan has remained unchanged from 1999 -- when the economy looked, ahem, very different. This is known as the "dead hand on the tiller" approach, and it usually leads to a nasty collision.
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Capitulate, bottom feeders!
One of the stranger things about the stock market's current desolation is the game of "find the bottom." A market bottom, we're told, arrives only when the last bull has expired and the last optimistic investor throws in the towel. This is known as "capitulation." Once the market has achieved capitulation, then it can turn around and begin climbing again
But the very act of saying "We've hit bottom, now I'm going to invest again" means that you are not capitulating, and therefore the bottom hasn't yet arrived. So, paradoxically, there is no bottom as long as someone thinks there's a bottom. Only when everyone believes that the market is just going to keep dropping, and hasn't hit bottom yet, has a bottom been truly reached. Of course, at that point there's no one left to buy and start the turnaround.
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Why host your blog with Salon?
There are lots of ways you can publish a blog. But it isn't always so easy to get yourself noticed. By starting your blog with Salon, you'll automatically be part of a community of Salon-based bloggers, which will help you get the word out and bring visitors to read what you write. Your blog will be listed on the Salon blogs recent updates and rankings by page-views pages. And I'll be following the new blogs as they come online here, providing links and pointers to the most interesting bloggers and posts.
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What's a blog?
You're reading one now. It's a Web site with writing and links organized in reverse chronological order. Updated frequently. Usually written by one person. On anything under the sun.
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Beginning
Welcome to this experiment! Salon, in partner with UserLand Software, is offering a new service to its users: Publish your own blog. Using UserLand's Radio software it takes all of five minutes or so to get online. Really. The first 30 days are free, so you can download the software, start using it and see if you like it. After that it's $39.95 for the software and one year's hosting and software updates.
Thanks
A project like this takes a lot of help from a lot of people. Here at Salon, Jennifer Ormerod designed the lovely image you see at the top of this page; and Benjamin Grant, Doug Herr and the rest of our IT team put the technical wheels in motion on our end (with Jill Rosenthal helping out on the HTML tables end of things). David Talbot and Michael O'Donnell both supported the idea from the start. UserLand's president John Robb made the working partnership happen, along with Jake Savin and Lawrence Lee.
Mostly, though, I should thank Dave Winer. He's combined two careers for the last decade (at least) -- writer and software developer -- and I think his dual experience is what makes his software so innovative (and easy to use). I've been reading Dave's work since around 1994, and he has always made me think in new ways about everything he writes about.
One reason I'm glad Salon and UserLand are working together is that, from what I can see, both are independent companies, survivors in fields dominated by unresponsive giants, and both are driven foremost by passion -- on Salon's part, for good online journalism, and on UserLand's part, for great software.
So blogs away!
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