In an effort to deal with "Great Depression 2.0", US President Barack Obama invited IBM Chairman Sam Palmisano and dozen other CEOs to the White House yesterday to talk about the economic stimulus package.
Barack's response was insightful on his thoughts on this. Here are someexcerpts:
"A few moments ago, I met with some of the leading business executives in the country. And it was a sober meeting because these companies and the workers they employ are going through times more trying than any we've seen in a long, long while.
And yet, even as we discussed the seriousness of this challenge, we left our meeting confident that we can turn our economy around.
But these executives also understand that without wise leadership in Washington, even the best-run businesses can't do as well as they might.
And that is why I hope to sign an American Recovery and Reinvestment Plan into law in the next few weeks. And most of the money we're investing as part of this plan will get out the door immediately and go directly to job creation, generating or saving 3 (million) to 4 million new jobs. And the vast majority of these jobs will be created in the private sector because, as these CEOs well know, business, not government, is the engine of growth in this country.
But even as this plan puts Americans back to work, it will also make the critical investments in alternative energy, in safer roads, better health care and modern schools that will lay the foundation for long-term growth and prosperity, and will invest in broadband and emerging technologies, like the ones imagined and introduced to the world by people like Sam and so many of the CEOs here today, because that's how America will retain and regain its competitive edge in the 21st century.
We will invest in what works. Instead of politicians doling out money behind a veil of secrecy, decisions about where we invest will be made public on the Internet and will be informed by independent experts whenever possible. And we will launch a sweeping effort to root out waste, inefficiency and unnecessary spending in our government. And every American will be able to see how and where we spend taxpayer dollars, by going to a new website to [recovery.gov], because I firmly believe what Justice Louis Brandeis once said, that sunlight is the best disinfectant.
In the end, the answer to our economic troubles rests less in my hands or in the hands of our legislators than it does with America's workers and the businesses that employ them. They are the ones whose efforts and ideas will determine our economic destiny, just as they always have. For in the end, it's businesses, large and small, that generate the jobs, provide the salaries and serve as the foundation on which the American people's lives and dreams depend. All we can do, those of us here in Washington, is to help create a favorable climate in which workers can prosper, businesses can thrive and our economy can grow."
I certainly find Sam's efforts and Barack's responsiveness encouraging.
technorati tags: IBM, Sam Palmisano, Barack Obama, The American Recovery and Reinvestment Act, Washington, sunlight, disinfectant, recovery.gov
IBM has launched a new blog, focused on making [a smarter planet
]. In my post,[The New Year in Six Words
], Idiscussed the part of Sam Palmisano's speech that mentioned a small $30 Billion investmentcould result in 950,000 new jobs. For those who wondered how IBM arrived to that figure,here are two posts:
Can this week get any better? We have the Arizona Cardinals going to the Superbowl, andtomorrow we inaugurate Barack Obama as the 44th US President.
technorati tags: IBM, smarter planet, Sam Palmisano, information infrastructure, new jobs, Barack Obama, Superbowl, Arizona Cardinals, Stimulus Package
Today, fellow IBMer Ken Hannigan celebrated his 25th year anniversary with IBM, which inducts him into the IBM Quarter Century Club[QCC
]. I was surprised to hear that there are over 900 QCC members currently residing in Arizona. In the past, QCC was shortly followed by retirement,but in these economic times, it marks a mid-point in one's career.
I met Ken back in 1988, I was working on DFHSM and he was part of theDFDSS team that moved from San Jose, California to Tucson, Arizona.Later, Ken and I would work in the same department as architects forthe DFSMS product that included DFSMShsm and DFSMSdss components.
Ken was then offered a chance to lead the effort to launch a new productfrom an internal project called Workstation Data Save Facility (WDSF) thatwas changed to Data Facility Distributed Storage Manager (DFDSM),then renamed to ADSTAR Distributed Storage Manager (ADSM), and finally tothe name it has today: [IBM Tivoli Storage Manager].
Over the years, Ken's had some interesting experiences. Two examples:
- Saving the Democracy of Peru
During a hotly contested election in the Latin American country of Peru, there were technical problems with the ballot records. Management needed someone from Tucson to go, and my namewas floated around, since I spoke Spanish fluently. My schedule did not permit,so they sent Ken instead. Ken was able to recover the lost ballot information and avoid a revolution.
- Assisted with the Technical team for a Major Motion Picture
Ken was part of the IBM technical team that helped [DreamWorks SKG] producethe movie [The Prince of Egypt],a major animated motion picture. IBM is heavily involved in the digital mediacommunity, and was instrumental in helping film-makers set up theirinformation infrastructure.
Ken has been one of my best friends over the past twenty years. I introduced him to hiswife, and was the best man at his wedding. It is quality people like Ken that makeworking at IBM so special.
technorati tags: IBM, QCC, Ken Hannigan, DFHSM, DFDSS, TSM, Tivoli, Peru, election, DreamWorks, The Prince of Egypt, Information Infrastructure
I've gotten some strange emails lately, so I thought I would address them here.
- Dear Tony,
In your last post about [New Years Resolutions for 2009], you mention spending more time with friends and family, which is typically a phrase usedby people leaving a company.
Are you announcing your retirement?
No, I don't plan to retire anytime soon. Like most companies, IBM had [changed its retirement plans]. Those lucky enough to be on the old plan could retire after 30 years of service to IBM, and get 12 percent of their last five year's salary as an annual pension the rest of their lives. If you averaged $100K per year the last five years, then you could retire on $60K per year. Many IBMers in Tucson took their pension and moved to Mexico, and lived like kings!
To qualify for the old plan, you had to be a certain age, have a minimum number of years service working for IBM, or be an executive of Italian-American descent. I missed it by a few months, so I am on the new plan instead. This involves employer contribution matches to a 401(k) plan and reflects the trend from working for a single company all your life, tochanging careers or companies every 5 to 10 years.Many of my colleagues on the old plan had announced early last year their plans to retire by the end of 2008, but then changed their minds after the economic downturn.
For both personal and professional reasons, I plan to travel less in 2009,so that will give me more time to reconnect with friends and family, especially my friends over at[Tucson Fun and Adventures], the premiere singles activities club in Southern Arizona; the [Tucson Laughter Club], recognized as one of the oldest laughter clubs in the United States; and the Tucson Film Society at the[Loft Cinema].
- Dear Tony,
Why not make a New Years Resolution for an "exercise regime"?
I made that lifestyle change back in 2003, joining [Performance at McMahon's] fitnesstraining facility, and have been lifting weights there, several times per week, ever since.
|This is my personal trainer Christine. Our gym had their annual Elite Performer athletic contest running August to November last year, and I came in fifth place. If you are looking fora personal trainer in the Tucson area to jump-start your own fitness goals, call Christine at 907-4510.|
Normally, I considerNew Years Resolutions for starting new things, changing bad behaviors, or revisiting things I have long forgotten, not really intended for continuing to do the same as the year before. However, if it makes you happy, I resolve to continue my exercise regime of lifting weightsthree times a week, and will try to do more [cardio] as well.
- Dear Tony,
What's up with your fellow blogger Chuck Hollis from EMC and his post[Timely Reading], suggesting we should read Ayn Rand's hefty novel Atlas Shrugged?
What's your take on this?
I don't talk with Chuck personally about his posts, so I can only guess that he is underthe same blackout period rules, which typically commences the day following the end of the fiscal quarter and ends after the issuance of a news release disclosing the quarterly financial results.
That said, Chuck is an avid reader, and often recommends books he likes. For example,based on his recommendation, I read Tim Harford's [The Undercover Economist] and found it an excellent choice.In the book Atlas Shrugged, Ayn Rand renounces religion, socialism and a variety of other ills facing societyin 1950s America. Since [93 percent] of scientists and engineers are Atheist,Agnostic or other form of non-believer, I suspect most readers of the Storage blogosphere areat least somewhat familiar with Ayn Rand's works. Personally, I prefer the works of fellow atheist authors[Douglas Adams], [Sir Isaac Asimov], [Richard Dawkins], and [George Orwell].
Chuck mentions he saw Stephen Moore's article ['Atlas Shrugged': From Fiction to Fact in 52 Years in the Wall Street Journal, which considers this tometo be the second most influential book, second only to the Bible. No doubt many of the bailoutplans proposed today sound similar to the government acts covered in the novel. One warningrings true for me:
When profits and wealth and creativity are denigrated in society, they start to disappear -- leaving everyone the poorer.
However, I suspect his postmight also be partly motivated by Josh Bernoff's report [Time To Rethink Your Corporate Blogging Ideas] from Forrester Research. I've read the full report, andit has some interesting results.Only 16 percent of those surveyed who use company blogssay they trust them. The situation improves slightly if you look at people who are activein the blogosphere.Among those who read blogs regularly, only 24 percent trust company blogs. And only 39 percent of bloggers, who actually write their own blogs, trust company blogs. This ranks lower than every other form of content Forrester asked about, includingbroadcast and print media, direct mail, and email from companies.
This would mean company blogs are justslightly more trustworthy than self-proclaimed UFO alien abductees, tabloidsat the grocery store checkout lane, and perhaps politicians like Vice President Dick Cheneyor former Secretary of Defense Donald Rumsfeld.Josh insists that this report is not meant as a plea for existing corporate bloggers to give up blogging, but rather to be more thoughtful on how and why they blog.
Perhaps Chuck is suggesting that bloggers are like the creative types in Atlas Shrugged who felt under-appreciated, and that perhaps all IT Storage bloggers should go on strike?
Well, I'm not retiring, not quitting my exercise routine, and not planning to stop blogging.Last year, thanks to you my dear readers, I was ranked the third most influential blog on IBMDeveloperworks. Congratulations to my fellow IBM bloggers [Bobby Wolf] and ["Turbo" Todd Watson], who ranked first and second!
technorati tags: New Years Resolutions, IBM, retirement, TFA, TLC, Loft Cinema, exercise, Performance, personal trainer, bad behavior, EMC, Chuck Hollis, Tim Harford, Undercover Economist, Ayn Rand, Atlas Shrugged, Douglas Adams, Sir Isaac Asimov, Richard Dawkins, George Orwell, Stephen Moore, WSJ, Josh Bernoff, Forrester Research, UFO
Happy New Year, everyone!
I hope everyone had some time these past few weeks of the Winter Solstice to enjoy some time off with friends and family. I had a great trip to New York City, got to visit my brother and his friends, went to see my friends in Michigan to celebrate New Years Eve, and see the world premiere of [LexiBaby], an independent film from fellow filmmaker Jonathan Petro.
Talking to people in New York, Michigan and Arizona gave me some perspective on what 2008 was like for them, and what they anticipate for the new 2009 year. Borrowing the meme from last month's Freakonomics contest[Got Six Words to Inspire America] and the book[Not Quite What I Was Planning: Six-Word Memoirs by Writers Famous and Obscure], I can summarize the responses I heard into three groups:
- Sadly, life is full of disappointment
- In holding pattern, checking fuel level
- Am I dreaming? Someone pinch me!
The latter of course from fellow IBMers, corporate executives receiving bailout money, attorneys that specialize in foreclosures, and the lucky few who will be in Washington DC for the US Presidential Inauguration.In addition to all the bailout money from banks, insurance companies and automakers that will be spent on IBM equipment and services, there might be additional funds from the US Government to improve our country's information infrastructure.In a recent Forbes article titled[The Tech Solution To The Recession], Andy Greenberg writes about US president-elect Barack Obama's ideas about a stimulus to the economy. Here's an excerpt:
"IBM, for starters, believes that a massive infusion of cash should go toward cutting-edge technology. Last month, IBM CEO Sam Palmisano presented a report to Obama's transition team from the Information Technology and Innovation Foundation (ITIF) that argues that a $30 billion investment in universal broadband, health information technology and a smarter power grid could create 950,000 jobs.
"Those disparities, and IBM's argument for focusing a stimulus plan on technology in general, come from what economists have dubbed "network multipliers." The computing giant, and ITIF, argue that technology creates more jobs than other types of infrastructure by enabling new types of businesses.
"If you build more roads, people don't buy more tires or GPS systems, but if you build better networks, you create entirely new business applications," says Rob Atkinson, president of ITIF and an author of the think tank's report. "Something like YouTube could never have existed without broadband."
"Regardless of precisely how tech stimulus money gets spent, IBM will likely sweep up a significant chunk of those taxpayer funds, given the computing giant's diverse hardware, software and services businesses. Other IT infrastructure giants like Microsoft, Hewlett Packard, Oracle and SAP are also likely to vie for pieces of Obama's stimulus package aimed at technology.
"But among those tech companies, IBM has been especially active in driving home the need for national investment in tech systems. In a November speech to the Council on Foreign Relations, Palmisano argued that that the U.S. needs to invest in innovation not just as a solution to our current recession but as a competitive measure in an increasingly integrated and technologically advanced world."
The concept and advantages of network multipliers are not new. For more on this, read the whitepapers[Segmentation, Network Multipliers and Spillovers: A Theory of Rural Urban Migration for a Traditional Economy by Vegard Iversen, and [Network multipliers and the optimality of indirectcommunication] by Andrea Galeotti and Sanjeev Goyal.
technorati tags: Winter Solstice, New York City, LexiBaby, Freakonomics, six-word, bailout money, Washington DC, Presidential Inauguration, IBM, information infrastructure, Barack Obama, Sam Palmisano, ITIF, network multipliers