Joi Ito's conversation with the living web.

Recently in the Business and the Economy Category

Conversation with Robleh Ali, former head of the Digital Currencies team at the Bank of England »

A conversation with Robleh Ali, the former head of the the Digital Currencies team at the Bank of England. It was a wide ranging conversation about Bitcoin, economics and the role of central banks and regulators. Audio of the conversation is available on SoundCloud and iTunes....

Conversation with Adafruit »

I recently visited and had a conversation with Limor "Lady Ada" Fried and Phil Torrone of Adafruit. I first met them about ten years ago at SxSW. Limor is an MIT grad that we're super-proud of and Phil is an amazing pioneer in communications, hacking and many other things. Phil and Limor are two of my most favorite people and I aways get giddy just getting a chance to hang out with them. We discussed making, electronics, business, manufacturing, hacking, live video and more. They've been doing live video daily for the last 10 years or so and are...

Conversation with Seth Godin »

Seth Godin has taught me so much about communications, leadership, publishing and life that I thought that it was important to stream my conversation with Seth. As usual, it was a great conversation. Seth is on the Media Lab Advisory Council. I streamed it to Facebook Live and posted the video to YouTube and audio to SoundCloud and iTunes....

Reinventing Bookkeeping and Accounting (In Search of Certainty) »

Accounting underlies finance, business, and enables the levying of taxes for raising armies, building cities, and managing resources at scale. In fact, it is the way that the world keeps track of almost everything of value. Accounting predates money, and was originally used by ancient communities to track and manage their limited resources. There are accounting records from Mesopotamia dating back more than 7,000 years, listing the exchange of goods. Over time, accounting became the language and information infrastructure for trade. Accounting and auditing enabled the creation of vast empires, such as those built by the Egyptians and the...

Tip for international living? Forget banks. »

By Thomas Crampton Add international money transfers to my list of activities that are now easier online than in the "real" world. I had always found bank transfers a pain because they generally required a visit to the bank with stacks of forms to fill in. If lucky, my money disappeared for up to eight working days before arriving in the destination bank at a horrible exchange rate. Recently I wrote about my experiences using an online foreign currency exchange service that was easier, cheaper and faster than the bank. Since it is easy to transfer small amounts, I now...

Sociology of Online Shoppers Worldwide »

Posted by Thomas Crampton Got an early exclusive look at a fascinating survey by ACNielsen about online shopping worldwide. The study of 21,000 web users in 38 countries, to be made public later today, found that online shopping habits vary radically by country. The US is way behind Europe in the amount of online shopping (ranking 11 worldwide), perhaps because mall shopping is so much easier than shopping in a European city. This encourages Europeans to shop online. What people purchase online is very different country-by-country. In South Korea one third of online shoppers purchase nutritional/cosmetic goods, while the global...

Does globalization exist? »

Posted by Thomas Crampton My experiences in changing cities five times and continents three times in the last 18 months have given me an insight into the shallowness of certain aspects of globalization from a consumer perspective. (My experiences are used merely as example I know well, not because I think they are of world significance. ) I first had an American Express card in Hong Kong, then in the US and now in France. When I applied for the new Amex card in the US and in France, I was assured that my membership date would go back to...

The A380: Gamers in the sky? »

Posted by Thomas Crampton Wrote a story in today’s paper about the new section of Charles de Gaulle airport being built for the A380, the world’s largest airliner. Turns out that the aircraft is so big that it requires a reconfiguration of terminal and in some ways it could be good. The second floor of the aircraft, for example, means that you can have two almost entirely separate sections. For people flying business and first class – not me! - they would walk into a separate part of the airplane that could have separate style of reception. The airport created...

NEC to translate my blog »

My blog uses a "by/2.0" Creative Commons license. This means that anyone can use anything from my blog and copy or create derivative works without asking permission as long as they give me attribution. NEC has gotten into blogging and wanted to use the content from my blog. Unfortunately, I write mostly in English. I have tried translating posts myself as well as using a number of volunteer translators. The problem is, translation is not very fun and I would rather write another post in English than spend time translating. The combination of NEC's desire to use my content and...

BloggerCorps first success story »

Rebecca blogs about the first BloggerCorps success story. BloggerCorps is project to try to hook up local bloggers with important local projects who need help from bloggers. It's a great idea which just needs a bit more momentum I think. It ties in well with the Global Voices stuff. (The first version of the manifesto is done.)...

eBay Acquires Minority Interest in craigslist »

eBay Acquires Minority Interest in craigslist SAN FRANCISCO & SAN JOSE, Calif.--(BUSINESS WIRE)--Aug. 13, 2004--eBay, The World's Online Marketplace (Nasdaq:EBAY) (www.ebay.com), and craigslist, an online community featuring classifieds and forums (www.craigslist.org), announced today that eBay has acquired a preexisting minority ownership interest in craigslist of approximately 25%. The resulting relationship will allow eBay and craigslist to share expertise, resources, and creativity on behalf of online communities everywhere.Craig shares his account of this about it on his blog. Craig mentions on his blog that it was a former employee who sold his shares to eBay and that the company was not...

Describing the Sharing Economy »

A Business 2.0 article did a very good job describing Creative Commons and the "sharing economy" which they believe is a multi-billion dollar industry. As I approach companies about trying to adopt creative commons, free software or investment in basic open research and innovation, I am struck by the lack of understanding of the value of sharing and contributing to the commons. It makes a lot of sense to me, but I wonder if it might be useful to try to collect material and generate some addition material that describes the benefits of sharing from a business and economics perspective....

Panel in Helsinki June 10 »

I will be on a panel at a conference in Helsinki on June 10. It is the Annual Meeting of the International Network of Private Business Organizations - COMPETITIVENESS THROUGH CREATIVITY. I will be representing the Keizai Doyukai (The Japan Association of Corporate Executives) and will be speaking about "Creativity and Innovation - Rare Virtue or New Standard?". I'm not sure who they're inviting to participate, but if you're going, please let me know....

Google considers online IPO auction »

The Financial TimesGoogle considers online IPO auctionBy Richard Waters in San Francisco Google is considering holding a massive online auction of shares early next year in an initial public offering that investment bankers predict could value the internet search-engine company at more than $15bn.Holy cow. Does anyone have any more information on this?I wonder if it's going to be a Dutch Auction IPO?

Philip Greenspun's theory of why US stocks are going up »

Philip Greenspun blogs about the idea that stocks are going up in the US because more and more public domain is moving into the hands of large corporations. He gives the example of Disney being the beneficiary of the the copyright extension and the restriction on flying thru the airspace over Disneyland.Thanks to rvr and bluehaze on #joiito.

Economist article on Japan's bad IT »

Brian Barry writes in The Economist about how little Japan has leveraged IT and how this is still the source of inefficiency. He also gives some examples of companies that are using IT to change Japan. I agree with him totally and think that in addition to unwiding some of the big companies that don't make sense anymore, improving the cost performance of the exisiting companies can greatly increase the profitability of Japanese companies which is key.

The Buzz »

Tim Oren also seems to think that the buzz is back and that we've hit a bottom.

Al Gore joins Apple's board »

Al Gore and Apple sure picked an interesting day to announce this. I wonder if they are going to declare war on Microsoft?

Video interview I did for Glocom about Japanese IT and ventures »

I did an interview about IT and venture businesses in Japan for Glocom. Video streams just went online.

Free falling Nikkei »

I was talking to a fairly well known CEO of a securities firm. He told me that the Nikkei would hit the 8000 range last year. Today he said that he thought foreign investors were going to dump Japanese stocks and that it might hit 6000 in the next 3 months and that it would probably most definitely hit 7000. He said that the branch manager of a fairly large branch of Nomura Securities told him that 10 of his top 20 accounts recently liquidated ALL of their equity holdings. He also said that many of the major banks would...

Capital punishment, crime and interest rates »

The Japan Times MINISTRY SECRECY DRAWS SPOTLIGHT Even victimized divided on death penalty By KAHO SHIMIZU Staff writer Masaharu Harada was stunned when he found out that the man who murdered his younger brother had been executed on Dec. 27 in Nagoya. He wondered why authorities felt they had to kill such a remorseful man. Toshihiko Hasegawa was one of two convicts hanged in December. He was convicted of killing Harada's brother and two other people in a murder-for-insurance scheme between 1979 and 1983. His death sentence was finalized in 1993. Harada had petitioned the Justice Ministry on Hasegawa's behalf...

WorldCom »

So what does this Worldcom thing mean? Many people saw it coming. I've been hearing about this possibility for a long time....
Whiplash by Joi Ito and Jeff Howe

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