An Interesting Perspective on The Bailout....

I admit I don't have one clue on the details of this financial crisis. I was talking to a friend for hours at Jennifer's High School Reunion last weekend. He works in the financial markets and was able to explain a lot.

He said the bailout plan could be a silver bullet, but also could be the nail in the proverbial coffin.

Watch this video if you have seven minutes. This guy seems to know what he is talking about, and I do think it is worth at least understanding this issue that is on the table as it relates to the bailout. The question on the table is... Should the bailout tax money help everyone, or just the US?

Watch and decide for yourself...



Here is the section in the bill he is talking about:

SEC. 112. The Secretary shall coordinate, as appropriate, with foreign financial authorities and central banks to work toward the establishment of similar programs by such authorities and central banks. To the extent that such foreign financial authorities or banks hold troubled assets as a result of extending financing to financial institutions that have failed or defaulted on such financing, such troubled assets qualify for purchase under section 101

A Tech View of YouTube's Life

This is a really interesting video I came across on Google Video. It is a presentation that was given at Google Tech Talks in June of 2007.

The talk was given by Cuong Do Guong, who was one of the first YouTube employees and is currently an engineering manager at YouTube/Google. He was part of the engineering team that scaled the YouTube software and hardware infrastructure from its infancy to its current scale. Prior to YouTube/Google, he held various software development and management positions at PayPal and Inktomi

He dives into a discussion around some of the scalability challenges that have arisen during YouTube's short but extraordinary history. YouTube has grown incredibly rapidly despite having had only a handful of people responsible for scaling the site. Topics of discussion include hardware scalability, software scalability, and database scalability.



He is actually a pretty good speaker, even though the topic is dry, he has a very interesting perspective because of his experience in a rocketship to the moon.

“One of the key phrases we had in the early days was ‘These are good problems to have,’” Do said. “And after a while we’re like, ‘I’m going to kill the next person who says that.’”

Good Day!