Change has Come Lightning Fast

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The economy has downsized  from what it was in the earlier 2000’s and 1990’s. We are living in a whole new world. Some people think they can get away with going back to school, as if that will solve everything in their life. The change in the economy has come too fast for most people. Corporations do not need as many people as before due to automation and outsourcing.

What is left to do?

The majority of us must go back to the old way of living. In fact, most of us already have done that in the last few years (foreclosures, deleveraging, and downsizing). The economy’s old job(accountants, engineers, lawyers) are not coming back, therefore you should shift your resources (your brain) to pursue other pursuits.

Living with 1 or 2 credit cards – and using them rarely. We must pursue other passions in life than shopping, watching TV, or going on Facebook. We need to start engaging with people on an everyday basis. Or create a hobby or learn how to do art. Creativity is a must in this economy.

We are going to a economy based on creativity. This has been already ingrained in our mind by certain individuals. Getting an accounting bachelor’s degree or even a masters is no sure shot to finding a satisfying job in your life.

Sell your creations on Etsy.com. Write a book. Seek closer bonds to your community. These are things I want to do, and feel that the world would be a better place if done so.

Unfortunately we still live in a society where your job dictates your healthcare, so are living in fear of losing their jobs because of that. Another idea aside from that, people are beginning to save for unexpected emergencies (healthcare emergency, layoff etc.) Let’s face it, life right now is really tough for many Americans. 40+ million on food stamps. And we only have 300 million people. I do not think things will get much worse than this.

I plan to change my lifestyle, learn a new hobby, and interact with my local community.

America has changed from 3 years ago. Many people are not seeing this shift and think the old economy will come back (living in much different times now). The old economy cannot come back because we were living in a time of excess credit. Now that excess credit is gone and we are back to normal, which has caused a lot of pain. In fact, it may have been the governments fault for creating too much credit. In most cases, the government is always blamed (which it is now).

It is time for me to pursue more creative pursuits. I believe this is a turning point in America’s history.

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Bailout of Financials only $87 Billion

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The bailing out of financial corporations has worked to preserve the system. Change is inevitable, whether it is good or bad. This time, change has beengood. Very soon, there will be more hiring and less layoffs. I was watching CNBC in early 2007 when I believed that mainstreet was going way down. I started to save money, and stop hyper-consuming. First Wall Street had a steep decline, and the only people that talked about recession was CNBC. The facts have changed since 2007. It was very hard for me to change my thinking. In 2010, the only people talking about recovery and hiring is CNBC, and they seem to be right.

Government tax credits helped spur a housing recovery, up 26% in March year over year. And the bailout estimate of the financial system is only 87 billion dollars compare to an earlier estimate of 500 billion dollars. Many people do not believe that massive hiring by private companies is right around the corner. I believe it is, and the stock market has already priced it in. The stock market seems to be coming back. Markets are stabilizing.

Thus while things are doing better, we can expect that capitalism will be around for a very long time. In the next few years we will see many more innovations from companies. The recession essentially has made innovation increase because companies are just trying to survive. We will soon see our lives change because of this recession, for the better.

Just because the stock market is up, and you might be hired for a better job, does not not give you an excuse to spend your whole paycheck. We never know when the next recession spurred on by corporations or consumers will be. It could be next year, 2 years, 3 years, or so forth. There was a recession in 2001, and then one in 2008-2009. That was only 7 years of boom years.

To my readers: save each month, do not spend outrageously, enjoy your time with family and friends without breaking the bank. That way you will know you have some money in the bank to survive unemployment.

Of course if everybody does this then the economy will get worse. The economy is 70% consumers. Especially for young people like myself, nobody knows when the next layoff or recession will be. Better to save so you will survive in your house rather than relying on family or friends or worse, on the streets.

Do not fret, hiring is right around the corner. The government bailing everything out has preserved the system. You may need to change your thinking before its too late.

Tweets During Championships

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Every time there is a major sports event going on there are millions of viewers. In the past these viewers are sitting with there friends enjoying it in front of the television. With Twitter, we can enjoy the game with our online friends and strangers. Trending topics of major sports games are commonplace now. Twitter allows fans to participate in a discussion of the game rather than just hearing the sportscaster on the tube. Twitter makes sports more entertaining.

In 5 – 10 years, we will see some new technology come out of Twitter or another social networking site to focus solely on fans “Tweets” and make this experience even more enjoyable. If there is a third party API developer that focuses on this, there is no doubt that they could gain market share. We could eventually have virtual buddies (that met through the internet) where users can share information. We are seeing more and more of this and we will continue to see it in the near future.

Productivity and Organization – The Future

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There has been an increase in web applications to do just about anything. One of my favorites is Remember The Milk. The application is primarily based on the web, the iPhone, or the android OS. It is able to increase productivity and decrease forgetfulness which has been a lifesaver! All you have to do is type the task into an RTM widget (anywhere) and you can forget it until you get an email of the reminder. It is a great way to stay on track. Someone even created App for the milk where a user can even update their tasks from their desktop. The user no longer has to go to its website which is very convenient.

We are now hearing about iPhone Moms that are now more productive because of these applications. Personally, I am seeing the iPhone a lot on campus and in urban environments. Perhaps they are using the device as a calendar, a task reminder, a phone, contact list, their whole life etc…IPhone Moms signify that phones like these have hit with the mass market. Google introduced tasks which is similar to RTM in their Gmail and GCalendar. We will see more improvement to this technology.

This means that in a few years we will have no excuse for forgetting anything. If someone has a problem remembering, they can use applications like this on their device or their computer to stay on track very quickly.  The person will be viewed as more credible and thoughtful by others.

In the future, everyone will be more productive if they have applications like these in their life.  Meetings will be no longer missed, and it will be very easy to stay on track. This is good for the economy as a whole and says something about human evolution. The human race will become more productive and we may see society get smarter. The human memory is fickle, but computers can remember very easily. Furthermore, applications like these this will make amateur inventors and designers more useful, which can lead to improvements in technologies.

It will be possible in the not to distant future to have an online refrigerator with the Remember The Milk application so you will never actually forget the real milk!

Innovation and Failure

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I have finished watching four episodes of Popular Science Future of … throughout the day today and it makes me wonder. The show has moved me because of its in-depth look at what scientists are doing today to innovate for the future. The organizations sought out are not large multinational corporations, but are smaller companies that need to get a lucky break from their products. The products featured are very high-tech. It also makes me realize that anything is possible and we should not quit while innovating. I also believe that anyone in the world (regardless of circumstances) has the possibility of creating something and putting their mind to work in their life. Even if they fail in their endeavors, they will learn the next time. They will learn how to do things and change things for the better.

With all the distractions of technology, Facebook, Twitter, blogs, and video games it is harder and harder focus on one thing. If we look at history before the industrial revolution in America, we see that most of the businesses were small and there were many innovators along the way. How did these people see a vision when others kept the status quo? Perhaps it was the lack of technology that they saw. Perhaps it was trial and error at inventing. Many people today are put off because of the technical knowledge involved and the competition of the multinationals in innovation. This is a mistake to follow – one can study hard if they put their mind to it and learn new technical knowledge.

I wonder what is possible if one shut down all their devices for one week and just focused on creating ideas. Imagine what can be done!

Failure is a very good way to learn what can be done better for the next time they try. It is a wake up call on what they did wrong. Failure changes someones actions for the next time. Failure is practice. Failure is motivation.

This is not what we learn in schools today. We are actually taught the opposite; that failure is the worst thing in the world. I think this is causing a lot of problems in America and around the world. It is becoming more common for people to invent things through multinational corporations, which is a folly.

Ready for action?

Think of ways to improve your life or someone else. Then go forth and find out what technical knowledge is needed. Make goals to learn the technical knowledge. We do not have to go to school to learn everything. Then, make goals on your invention. Do not worry about failure. Failure is normal in these endeavors.

Anything is possible.