We like to think of it as journalism for the digital age.
What: We’ve decided to take back the airwaves—and allow everyone to create their own news network.
Why: Because the talking heads on the news should not control the news that comes into our living rooms.
When: On June 1, 2010 we’ll launch the latest in video journalism technology, allowing you to easily create your own news network, build a fan base, and exercise your right to freespeech.
How: Make your views known and debate with other members in our Big News Wall. Here, you can interact with other members in organized debates, earn audience points, and become the king of your chosen journalistic domain.
Where: Right here! We’ll keep you updated with the latest in business, sports, politics, dining, technology, and lifestyle news, commentary, and analysis. Don’t be shy! Comment, email, and photoreply to us and we’ll get back to you. We’re proud to welcome you to our community.
Isn’t it time you told those psuedo-experts on the cable news networks to shut up and find another line of work?
If I were applying for a job in the finance industry, this is what I’d write:
Let’s be honest for a moment—you interview ten thousand people a year and are incredibly bored by the monotony of it all. You don’t understand finance, but you do understand that it’s safest for you to choose candidates according to the guidelines in your employee handbook: Degree in Finance—check; 3.5 GPA—Check; two years as glorified personal assistant at financial supermarket—check.
Sifting through cookie-cutter candidate after cookie-cutter candidate makes your job, not to mention, your business model, stale.
You wouldn’t have hired Steve Jobs (no college degree); Richard Branson (not polished enough) or Warren Buffet (no tolerance for mathematical alchemy). You use the word never too much: Blacks will never vote, neither will women, and a Catholic can never be president. Kings will always rule men, and men (never a woman) will always rule kingdoms. And, oh yea: real estate values can never go down.
Here’s the never you need to understand: A commitment to monotony has never pushed the human race forward; revolutionary ideas were never fueled by risk-aversion, and memorizing facts has never been a substitute for vision. We all know that thinking inside the box has never been the secret to success. Innovation drives results; passion drives performance, relentless persistence wins the game.
In business, either you have it or you don’t. It:The inability to be stopped; unforgiving vision; the passionate pursuit of perfection; an unyielding desire to change the game; to be the best; to make it work at any cost; to see the issues with a lucidity your adversaries only dream about. Try finding these things listed on a resume.
Any moron can regurgitate the latest theorems from his economics textbook, but those theories will soon be displaced by newer, similarly meaningless theories, in the book’s next edition. Your model was stale before you lost billions of dollars in profits—now it’s downright nauseating. Those expertly picked employees who lost you billions of dollars where just following the theories prescribed by their textbooks, which stated that real estate prices never go down. I guess the mathematical genius whom came up with that algorithm wasn’t blessed with common sense.
As he wrote his symphonies, Beethoven annotated his music: In the margins of his sheet music he mockingly wrote, “Theory will not allow.” Theories of his day prohibited his musical combinations, just as theories of the church had prohibited the idea that the Earth revolved around the sun and experts predicted that television would never work because it required too much focus from the audience (while the radio allowed for multitasking). These same people told us that eMail would never catch on (we already have a postal system); and since the day’s of Daedalus, human’s could not fly: I guess no one told the Wright Brothers, and Boeing certainly missed that memo.
See what you don’t get is that vision can’t be taught in school; that great ideas are born of a restless will that refuses to accept things as they are; that some of us know that we can do it better; that some of us realize that the world as we know it today was shaped by men with the will to translate their vision into reality; to transform imagination into creation; men who adhered to the simple three syllable creed upon which complex problems and the word never dissolve: I’ll do it.
Why wouldn’t the wealthiest men in the world own the media too? In fact, after rising to power, it only makes good business sense to set up a promotional aparatus designed to legitimize your power and create your own self-supporting narrative.
This phenomenon is well-documented, perhaps most expertly by linguist Noam Chomsky, who ”postulates five general classes of ‘filters’ that determine the type of news that is presented in news media.
If we can agree that ideological positions taken to the extreme serve little purpose beyond theoretical debates, then we can begin to consider the very real crisis that confronts American capitalism. In the 21st Century, will technology advance our interests as a nation and as global citizens or will we fail to harness the true potential of the tools that we have created?
The challenges that we confront today come both from within our borders and from beyond our shores.It is the story of problems of our own making interacting with the realpolitik that has guided global politics for the duration of recorded history. Within our borders, we face a slipping economy, rising psychological depression rates, growing discontent with our elected leaders, a polity disinterested in governance, and, a people that as whole are unwilling or unable to understand the issues that stand before them.
Outside our borders, global realignments, growing distrust of American politics, intentions, and influence, and of the American financial system, resurgent oil rich nations (Russia, Middle Eastern states, Venezuela) realize American dependence upon their fuel which supplies the blood to our economic body. Notice, I did not even need to mention the BP or the Gulf of Mexico to make my point.
The issues before us are limited not to just those that can be described in economic terms, but also in terms of the human costs, psychological and physical. As Adam Smith wrote in The Wealth of Nations more than 225 years ago, Adam Smith. “The real price of anything is the trouble and toil of acquiring it”. The consideration of human well-being, once at the heart of economic treatises such as Adam Smith’s Wealth of Nations, seems forgotten by neo-Smithians, obsessed with short-term growth, and those who have conflated economic growth with human happiness.
In order for America to remain a beacon of self-realization and innovation, we must understand the unique technological gifts that are transforming our world.The future economy must be developed with knowledge of the modern-technology landscape, so that technology serves the interest of the greater good.
This article, here, is not intended to be an accounting of America, so much as it is an introduction to some of the trends, ideologies, ideas, systems, and techno-politics that define our age today. America is a nation that is still being born, and our actions today will determine her future. I want to examine American technology and business (innovation, products, the First Amendment, political economy, democracy), and learn what is good about it? what is bad? Where must the theories set forth by Adam Smith more than two hundred years ago be altered to fit the historical lessons that have emerged over the past two centuries?. I want to consider the influence of advertising on this capitalistic system, the intersection of the Free Press with technology, the way in which the certain Presidential administrations have managed to conflate corporate freedom with individual freedom, and how technology can contribute to our freedom. I hope you’ll join me in my quest for knowledge.
You may have heard about crowd-sourcing in Fortune, Business Week, and the Wall Street Journal. Democracy comes to the Internet when users are able to generate ideas and see them implemented in real time.
Fatcast democratizes the news by allowing users and audience ratings to help the best Fatcasts rise to the top (this means you)! As I see it, there are a thousand competitors to ESPN sitting in a sports bar, calculating odds, pondering draft picks, and buying Giant’s season tickets. And that just here in New York.
If you’re into business, start your own financial news network and share your expertise with the rest of us. If you think Lehman Brothers is not being represented fairly in the press, we think you’d like to add your opinion to the mix.
Political junkies know that money-driven agendas drive news coverage coming out of our nation’s capital. Well…now you’re the fat cat. Tell us what you think is missing from the political theatre. Sharpen your interview skills because guests are welcome.
Crowd-sourcing has received a lot of publicity for the benefits it brings to large corporations. When consumers write in opinions and ideas, companies can save on R&D costs, and earn higher profit margins. Now, crowd sourcing is turned on its head. By empowering all of us to be media moguls, we profit from our ideas, talents, and entreprenurial spirit. And, we look good doing it.
For more information on how to market your network, including adverting strategies and opportunities, earn Ratings Points, and leverage your network click here.
In the world of politics, many informed observers have opined that Washington, D.C. is be broken. The Financial Times quotes Bill Gross (founder of the US’s largest bond fund) as saying that “corporate interests spent just under $500 million last year on healthcare lobbying (much of which went to politicians) for what is likely to be a $50-100 billion annual return.” Last year’s healthcare bill is working for insurance companies. Is Washington working for all Americans?
Send your thoughts to AdamKriger@gmail.com and we will compile them into a Political Mashup Montage!
My grandfather told me that “Everyone should carefully observe which way his heart draws him, and then choose that way with all his strength.” Here, we’d like to democratize the news. Standing on the shoulders of great entrepreneurs that have come before us, we now have the technology, tools, and the ability to usher in a golden age of digital journalism.
This blog will become the foundation for the Fatcast News Network, as we seek to democratize the airwaves and allow everyone to start their own news network. This means that you will be able to make your own news and share your own views with others around the globe.
Starting a news network is capital intensive. In the coming months, we will keep you apprised of our progress and solicit your feedback. We will also keep you informed and entertained with a diurnal stream of news, videos, images, commentary, and information about your world. And, we’ll ask you to participate in the discussion and begin to lay the foundation of your own personal networks.
Follow us on twitter and facebook / Leave a comments or photo reply / and get ready to have some fun.