Posts Tagged ‘technology’

Could Higher Industrial Production Result in Less Hiring?

March 15th, 2010 Michael McDonough Comments off

February’s surprise 0.1% increment in industrial production came despite severe winter weather during the month that was expected to hamper production.  Amongst the index’s biggest gainers were computers and information processing equipment, which each rose roughly 1%.  As Bloomberg put it these increments ’signal the pickup in U.S. business investment is being sustained’.  However, could these gains come at the expense of job gains?  Afterall, one of the primary functions of computers and ’information processing equipment’ is to bolster productivity. And let us not forget, productivity gains have exploded since the onset of the financial crisis, while employment has fallen off a cliff.  It may be too early to tell, but the possibility exists that companies could be investing in new cheaper technology rather than investing in new expensive employees to support output and profits–a trend which could continue for a while…

U.S. IP y/y:

Source: Bloomberg


1981 Data Coming To a TV Near You (A Fun Retrospective)

March 8th, 2010 Michael McDonough Comments off

Recently I have found plenty of enjoyment looking through old Popular Science magazines online.  Today I came across an article from 1981 in which the author was very serious about a new service rolling out that would deliver data directly to your TV via phone lines or antennas (traffic, scores, weather, etc…).  I am assuming back in 1981 this technology was eventually superseded by computers and the internet, but comparing it to the functions of today’s Tivos, digital cable boxes, and other TV hardware, this article couldn’t have rang more true if penned in 2001 (20 years after it was originally published).  Better late than never I suppose.  The article goes into detail about the pros and cons of three competing services that will all be vying for your business.  But, in any case enjoy some screen shots:

Take a look at the interface…  (Looks like the Giants still couldn’t catch a break):

There’s more:  (Fresh Direct 1.0?):



More Evidence the Approaching IT Replacement Cycle will Exceed Analysts’ Estimates

January 14th, 2010 Michael McDonough Comments off

Recently, I wrote about how Dell, among some other companies, should benefit from an approaching IT replacement cycle, that I believe is being underestimated by many wall street analysts.  Well I came across this article today, which has the White House budget director blaming old computers for our government’s inefficiencies and ineffectiveness.  It would appear that President Obama is also jumping on the bandwagon being quoted in the article as saying, “Improving the technology our government uses isn’t about having the fanciest bells and whistles on our websites — it’s about how we use the American people’s hard-earned tax dollars to make government work better for them.”

In closing the budget director had this to say “It’s time to bring government into the 21st century,” he continued. “Information technology has the power to transform how government works and revolutionize the ease, convenience and effectiveness by which it serves the American people.”

Might we see a jump in government technology spending in the future? Maybe, but either way I am still bullish on the sector.