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Journalism and other myths.

A Big Fat Target

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Target corporation is the victim of the biggest credit card security breach to date, affecting up to 110M cards. That’s an amazing statistic by itself, but the problem is even worse – it remains unclear exactly what happened or if other companies are themselves targets of the same thieves.

But that is only to be expected in a system that is only as secure as the weakest link – and the potential gain by hacking it is nearly unlimited money. There is little doubt that even before we learn exactly what happened at Target it will happen again, on scales both large and small.

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Jobs, Unfrozen

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As Minnesota thaws out from a “polar vortex” that froze us colder than the North Pole (and the current location of the rover on Mars), there was some interesting news on jobs from all over the nation. Three stories of thawing and a little heat coming down give us all reason to be a little happy.

Spring is still months away, but let’s bask in the small improvements for a while. It beats huddling inside.

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Answers or Questions?

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It’s been a tough week.  We survived -22F temperatures in Minnesota, but still have to go about making a living.  I’m beat.  So please enjoy this repeat from 2010 that I think it still relevant.  Thanks!

A complex world where we have just about any information we want at our fingertips isn’t a world that’s limited by the answers.  It’s limited by our ability to ask the right questions.  That may sound like more sophistry from a wannabe mystic, in case you’re getting tired of my schtick.  But if journalism is about connecting people to their world it seems that the ways it is changing are directly related to the size of the world that people have the ability to connect to.  That might best be handled by changing the entire approach to news.

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At a Minimum

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There is little doubt that income inequality will become the Democratic Party’s big issue for 2014. While there is a good chance the problem will correct itself once there is upward pressure on wages again, it is still an important policy that the Federal Government can and should pursue. It’s very popular, too, with 58% of identified independents supporting some action.

Barataria has outlined a few ideas that will have a longer-term effect, but what can be done in the short term? The answer is something equally popular, raising the minimum wage to $10.10 an hour – a 39% increase. It seems like a longshot, given the Republican House, but if the recent budget deal forged by Sen Murray and Rep Ryan is an indication of the future there may be room for a grand deal. But there is little doubt that the Democratic position will include the minimum wage increase. It’s worth getting to know well.

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2013, a Good Year

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It’s been a good year, even if it didn’t seem like it. 2013 was the year that the economy turned around just enough to lay the foundation for a better 2014 in several key ways. The most important is that more people have jobs, even if it’s nowhere near enough to make up for the losses from 2008-2010. The other reason is that retail sales are actually picking up and there’s reason to believe that there will be more confidence as we move ahead. The last part is very important because the psychology of a depression is the main reason it has the name it has.

Barataria was very successful in predicting the important trends of the year early on. A summary of the best posts of the year is available in the tab 2013 in Review, if you’d like to rewind the whole year. But here are the economic highlights in a quick summary.

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